What is a Virtuous Cycle (or Positive Feedback Cycle) in business, and how can Human Resources benefit from a this phenomenon? It is an extremely powerful concept that is perhaps most easily explained using a successful company such as Amazon as an example.
In this example, We’ll begin with the Low Prices offered by Amazon. People are drawn to the value offered and become Customers, and obtaining more customers allows Amazon to have a much higher Volume of product sold. Selling a high volume of product makes Amazon valuable to Suppliers, allowing Amazon to renegotiate their cost of goods and increase