Question
Draw a causal loop diagram using the following story: Tech startups seek to get more and more users. Their philosophy is that if we get
Draw a causal loop diagram using the following story:
Tech startups seek to get more and more users. Their philosophy is that if we get a large number of Users, then we will find a way to monetize them (make money). They use the Data collected from users to keep improving the User Experience (UX), because they know that a high quality UX is a key to attracting more users. They use VC* Funding to keep investing in improving the UX. Of course, VCs want to maximize the return to their investments, so they invest in startups that manage to get many users. *VC Venture Capital
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An Introduction to Management Science Quantitative Approach to Decision Making
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