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assignment 2
While assessing the
Reeds network law, it is possible to state a fact that it is critically
important
within the current state of affairs. The set of the strategic options
and steps is affected by this legislation. As an evident example, it is
possible to refer to the fact that such law enables the business entities for
using the group forming effect for assisting in the resolution of the “'The
Rendezvous Problem” – such as finding the options for acting as the match-maker
for such groups, which are not provided with other options for interaction and
communication. Such approach may be complex in the same way as using the
sophisticated pattern-recognition software for identification of the potential
groups for the formation. One more option of practical application of such law
is its use as the “recommendation engine” for the individuals. In other words,
it may provide the clients with the data, gained form the activities of the other
client groups. Among the set of other advantages of this law, it is
possible to outline the following – provision of the ‘premium quality service’
to the clients – such as access to additional scales of the group memory, for
which the fee may be charged for a group (prnewswire.com 1).
The information may be accessed by individuals
in the timeframe of five years, while using the services of e-business firms.
The core area of responsibility of such organizations is provision of the
assistance for those clients, who are willing to develop and implement into the
practice the digital strategy. The core advantages of using such data within
business strategies are the following: transformation of the typical client
business models into the form of the e-businesses, which have the potential of sustained
market leadership delivering (prnewswire.com 1).
Works Cited
prnewswire.com. Beyond
Metcalfe's Law: Reed's Law for Group-Forming Networks and Online Communities. 2000. <
http://www.prnewswire.com/news-releases/beyond-metcalfes-law--reeds-law-for-group-forming-networks-and-online-communities-72450932.html>