Reinforcing feedback loops can have significant long-term effects on a business. They can lead to exponential growth as positive feedback encourages more customers to try the product or service, leading to more positive feedback. This can enhance the company's reputation, increase customer loyalty, and potentially lead to increased market share and profitability. However, it's important to manage these loops effectively as negative feedback can also be amplified, potentially damaging the business.
How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in s...
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