Dive Summary:
- Speaking at the 2013 Internet Retailer Conference & Exhibition in Chicago on Wednesday, former U.S. vice president Al Gore emphasized that retailers need to think globally to continue driving success.
- “Metcalfe's Law says the value of any network increases by the square of the number of people connected to it," Gore said, according to a report on Internet Retailer. So whatever you calculate the value of being connected to the global Internet today, when you double the people connected to it, it doesn’t just double in value, it increases by the square of the number of people connected to it.”
- Gore also called on retailers to prioritize mobile and stress responsibility to reflect the values of the customers they wish to attract.
From the article:
E-retailers must embrace a global mindset and a global approach to business to continue the phenomenal success they have achieved to date, former U.S. vice president Al Gore told attendees of the 2013 Internet Retailer Conference & Exhibition today in Chicago. His address was titled “The global view: The Internet, business and the worldwide opportunity.” ...