Beckstrom's Law

Description

Dion Hinchcliffe:

"a way of calculating the actual value of a network (versus the theoretical maximum potential, which is what Metcalfe’s Law and Reed’s Law determine). The premise is that by removing the network and calculating alternative ways of doing things, you can find out the true value of a networked business process. Of course, the gap between this value and the potential value of a network (as a product, service, or community) is a measure of the true untapped business opportunity remaining. Techniques like actively leveraging network effects can help realize these to a fuller extent. This model is also useful for conducting ROI calculations of social computing efforts." (http://www.zdnet.com/blog/hinchcliffe/twenty-two-power-laws-of-the-emerging-social-economy/961)