Results tagged “Biz”

Social Business Design

We are now seeing conferences dedicated solely to Twitter--the latest was Jeff Pulver's 140Char held in NYC. Like many others who were not at the event, I was able to attend virtually through following tweets.  After a while I thought to myself--wait a minute, we're still just talking about "social media" in silos. What about the bigger picture? And what do you ask is the big picture?

Great question.

Let's start here, the term "social media" itself is indicative of the state of affairs. "Media" limits our view of the movement, and brings with it the baggage of decades of advertising. Marketers are only too happy to view the social web as a new array of channels to market their goods in some shape or fashion. That's because it's a model they've used since the beginning. And there's no doubt that "social media" has become effective as a communications channel. Take GM for example, they've got a presence on Twitter, and in fact were one of the early examples of corporate blogging. They've "joined the conversation" so to speak with several of their executives actively contributing and talking to people in the open. But with hindsight being 20/20, what GM didn't have was a business model (or culture) that could adapt quickly in a rapidly changing environment. So, while it's great for a large organization to be tweeting, blogging and conversing their way into Web 2.0 nirvana--it's also worth noting that no amount of "media" social or otherwise will turn around an organization in need of reinvention. That's the big picture at the end of the day.

Enter Social Business Design 
Imagine if a company like GM, was at the core "social". Not just participating in "social media"--but through every part of their business ecosystem, were connected--plugged into a collective consciousness made up of ALL their constituents, from employees to consumers to dealers, to assembly line works etc. What if big organizations worked the way individuals now do. We're actively using cloud services, mobile, networks and applications that offer real time dynamic signals vs. inefficient and static e-mail exchanges. In short, imagine if what makes "Web.2.0" revolutionary was applied to every facet of an organization transforming how we work, collaborate and communicate? We think this is possible. And we're calling it "social business design". In its purest form, it's a shift in thinking--less about media and more about tapping the benefits of being a social business in a purposeful way.

While I can't go into the full vision of what we're thinking about yet--we're realizing that the bigger picture goes beyond how you can be a great tweeter, blogger or social media evangelist for your organization. It's time to think beyond marketing and building personal brands and time to think about how participation through social technologies can lead to emergent outcomes for any organization. Can "social media" save GM? It's unlikely that media can save any organization grappling with changes in their business environment.  But what if organizations of that size were able to act preemptively before market conditions forced them into similar predicaments? Same could be said for the music industry, they saw change coming, but for whatever reason never made the transformation, even though it was becoming clear that consumer behavior had evolved. Media has never solved these types of business challenges so why would "social media" be any different?

Life After Social Media: Four Core Archetypes
In the diagram above, you might notice the four archetypes we've been thinking about for a while (for more detail, read colleague Jevon MacDonald's post). We believe they represent the four characteristics that every social business will contain. They are: Ecosystem, Hivemind, Dynamic Signal, and Metafilter. Simply put, it's time to think about the big picture and the strategies that drive social technology as opposed to the other way around. This includes how a company's (insert social initiatives) play a role in their entire ecosystem--and this will take our discussions from "conversation" to "transformation".

Enterprise 2.0 And Beyond
We are currently working on rolling out a set of offerings to help businesses understand and apply these constructs to achieve leveraged and emergent outcomes that are measurable. If you want to find out more about this in the near future, visit our temporary site and submit your info. Our team will also be present at the Enterprise 2.0 conference in Boston next week. We'll be live streaming some of the content from that event. I'm looking forward to getting to know this crowd better--it's not the typical marketing bent. While I'm sure there will be a lot of talk about Twitter, I'm hoping the discussion will move beyond this or any other tool. If the big picture is business transformation, it's going to take more than a few tweets to get there.

For related thoughts from the folks I'm working with, see Peter Kim, Jevon MacDonald, and Kate Niederhoffer. And if you're going to E2.0, please say hello.

Photo Credit: Open on Flickr by Mag3737 

The following is also my column in this week's issue of Advertising Age.

As Edelman's crystal ball guy I can't go to a meeting without being asked what will succeed Twitter or Facebook as the future king of community. It's unfortunate, but it's just how history has conditioned us to think.

Remember, however, that Second Life was digital marketing's Vietnam.

Communities come and go. Hubs seem to lose their innovation edge just as consumers grow more fickle, new venues emerge and viable monetization options remain scarce. If history repeats itself, Facebook and Twitter will one day be replaced by something else. However, this time it will be the open web.

A group of standardized technologies are emerging that will evolve social networking from destinations we visit into something bigger - a federated address book that makes every single web site that chooses to adopt them entirely social.

Jeremiah Owyang at Forrester Research has been thinking about this deeply. This week Forrester is releasing a paper that outlines a five year vision for how the open web, thanks to connective technologies like OpenID, will become one giant social network. This global brain will follow us everywhere and influence every purchasing decision.

While Forrester doesn't get this tangible, here's a fictional scenario to consider.

Today online shopping means visiting Amazon.com, reading reviews from strangers and conducing a transaction.

Tomorrow, as everything becomes social, you will be able to shop Amazon directly from within your iGoogle page without ever having to visit the site. What's more, Amazon will show you what your Gmail address book friends have publicly said about a product and/or its category in any one of thousands of online communities. Finally, to help you further Amazon will offer an aggregated view of your friends' friends opinions in a way that protects their identity.

So how should marketers prepare? Owyang advises to focus on advocates, evolve models from push to pull and adapt internal cultures. I think, however, it starts with something more fundamental.

Marketers need to really embrace the fact that it's peers and their data, rather than brand, that will become the primary way we make decisions. The greatest rewards will go to those who embrace and participate in as many communities as they possibly can in credible ways.

It's not news that newspaper revenue derived from advertising and subscriptions is rapidly eroding. While Madison Avenue worries about the recession and its impact on advertising in general, numbers recently published by the Newspaper Association of America indicate online advertising only continues to rise.



Perhaps most interesting is the impending intersection between the decline of a 200 year old institution and a new medium competing for the same precious ad dollars for only the last 15 years. According to this chart, the collision could occur as soon as the end of this year.

The fate of newspapers, and journalism, is tied to the publisher's adeptness and mastery to reinvent the model for the creation, distribution, and promotion of information as it identifies and connects to the shift in social consumption. Content must migrate to the individual attention dashboard in order to trigger a reaction and reverberate across the social graph, and in turn, lead viewers, friends, and friends of friends back to the source of information.

It's a value cycle that warrants ongoing sustenance in order to build a thriving community. It also injects a new formula that humanizes content and lays a foundation for contextual relationship building (online and in real life), linking the people who write to the people who read, share and respond, where they congregate online.

The human network can help traditional media effectively adapt to the social Web.

Tracking the Newspaper Fallout:
Paper Cuts
TheMediaisDying

Helpful Posts on PR 2.0:
- The Growth of Newspapers Online? Yes and No
- Newspapers are Old News
- Newspapers Respond to the Social Web
- The Social Effect
- Putting the Public Back in Public Relations is Now Available

- Twitter and Social Networks Usher in a New Era of Social CRM
- The Human Network = The Social Economy
- In the Statusphere, ADD Creates Opportunities for Collaboration and Education
- Humanizing Social Networks, Revealing the People Powering Social Media
- Are Blogs Losing Authority to the Statusphere?
- Social Networks Now More Popular than Email; Facebook Surpasses MySpace
- I Like You
- The Ties that Bind Us - Visualizing Relationships on Twitter and Social Networks
- Make Tweet Love - Top Tips for Building Twitter Relationships
- The Battle for Your Social Status

- Twitter Tools for Communication and Community Professionals
- Is Twitter a Viable Conversation Platform
- Is FriendFeed the Next Conversation Platform

- The Social Revolution is Our Industrial Revolution
- The State of Social Media

- Free ebook: The Essential Guide to Social Media


Connect with me on:
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A lot of Gartner staff have hidden talents outside work. For example in Germany, Senior administrator Sabine Bieder, is an artist and just recently she has done a painting inspired by the Hype Cycle!  It hangs in Gartner's Munich offices and I'm really looking forward to seeing it but for now a photo will have to do.

The colour intensity around the peak of hype uses vibrant Hype Cycle book-cover orange, tapering off into cool Gartner brand blue. The bubbles floating across the piece add a humourous touch.  So does that strategic gap in the canvasses between the slope and plateau - chasm crossing perhaps? Simply wonderful.

twitterads.jpg


There's always been jabs at Twitter for not having a viable business model and the chatter has increased in the current economic climate. In a recent interview Evan Williams, Twitter CEO, said "We had planned to focus on revenue in 2010 but that's no longer the case, so we changed the plan quite a bit... We've moved revenue higher on our list of priorities...".



I believe Twitter, potentially, has an incredible business model.



In The New York Times R&D Labs, where I work, we've been talking a lot about 'smart content', both in relation to advertising, search and news delivery. For the past 157 years (that's how old the newspaper is) we've essentially delivered 'dumb content' to people's doorsteps. You and I, irrespective of interests, location etc. have received the same newspaper on our doorsteps every morning. We're beginning to explore ways to make content smarter, to understand what you've read, which device you've read it on and you're micro level interests--making the most important news find you, instead of you having to find it.



This also changes the advertising model where ads become even smarter. Sure, ads are at about a 1st grade reading level now, with adsense and cookies the ad networks have half an idea of what I'm interested in, but they aren't exactly smart about it. Just because a friend sends me an email about a baseball game, doesn't mean I want to see ESPN ads in my Gmail.



So what does this have to do with a Twitter business model? Twitter, potentially, has the ability to deliver unbelievably smart advertising; advertising that I actually want to see, and they have the ability to deliver search results far superior and more accurate to Google, putting Twitter in the running to beat Google in the latent quest to the semantic web. With some really intelligent data mining and cross pollination, they could give me ads that makes sense not for something I looked at 3 weeks ago, or a link my wife clicked on when she borrowed my laptop, but ads that are extremely relevant to 'what I'm doing right now'.



A quick parusel of my Tweets shows that I live in Brooklyn, NY, I work for The New York Times, teach at NYU/ITP, I travel somewhere once a month for work, I love gardening, cappuccinos, my Vespa , U.I./Design and hardware hacking, I'm a political news junkie, I read Gizmodo & NYTimes.com and I was looking for a new car for a while, but now have a MINI and I'm also friends with these people. That's a treasure trove of data about me, and it's semantic on a granular level about only my interests.



If I send a tweet saying "I'm looking for a new car does anyone have any recommendations", I would be more than happy to see 'smart' user generated advertising recommendations based on my past tweets, mine the data of other people living Brooklyn who have tweeted about their car and deliver a tweet/ad based on those result leaving spammers lost in the noise. I'd also expect when I send a tweet saying 'I got a new car and love it!' that those car ads stop appearing and something else, relevant to only me, takes it's place.



And it doesn't have to be advertising delivered on their site alone. One of the great successes of Twitter has been their API's and the wonderful applications and sites that users have built with them. Why not build out an advertising or search API that delivers the latest micro level tags or ad links of users interests. There's a plethora of opportunity with this data, and if it's done right it becomes enticing and engaging, not annoying, irrelevant and outdated.

micromessaging startups are growing fast http://bit.ly/3M0Mah


New campaign for Career Builder, to find a better job. More visuals available.

Baseline : "Maybe it's time to move on".

"Brands are the solution, not the problem. Brands are how you sort out the cesspool," Eric Schmidt told an audience of magazine publishers assembled at Google yesterday. Wait, what happened to the magic Google algorithm that reverse-engineers our reputations? Does it now rank pages by brand, too? I hope so, because when I Google myself at midnight all I see is Valleywag, Valleywag, Valleywag. I'd like to believe Google knows something my agent doesn't. (Photo by AP/Phelan M. Ebenhack)


Here a bit of news from my former employer who is pursuing the 7th Mass Media space with single-minded purpose. Nokia announced the Nokia Media Network to develop mobile advertising with many big publishers and media brands like AFP, International Herald Tribune, RTL etc. Yet another example of the convergence and players who are aiming for the opportunity at the heart of it. Check out the Nokia press release for more.

Barry Schwartz / Search Engine Roundtable:
Google Shuts Down FeedBurner's Ad Network (FAN)  --  I have been a huge fan of FeedBurner, RSS feed management company, for a really long time.  Yes, before Google bought them and even before they had most of their cool features.  In any event, I noticed a Google Groups thread ...

FriendFeed Social Media: Igor The Troll posted a link
Social News: TechCrunch's secret Digg army Social News: TechCrunch's secret Digg army
 You, Brett Stark, Adam Sherk, Umit Namli and 2 other people liked this
 "How do TechCrunch stories make it to Digg's front page so often? With a little help from its friends, of course. Former TechCrunch writer Duncan Riley, now a foe of editor Michael Arrington, posted a screenshot from his inbox revealing what Riley calls "The TechCrunch Digg Club." It includes four writers from TechCrunch proper; seven from gadgets blog CrunchGear; two from TechCrunchIT, Arrington's incomprehensible enterprise-tech spinoff; plus two or three interns." - Igor The Troll
 Holy crap! If that is true and diggs team knows that, I think techcrunch url maybe banned/punished. - k00pa
 No, TechCrunch URL certainly won't be banned, no way, really. We have been banned once and I know it does not happen to sites like TC. - Svetlana Gladkova
 Yeah Kevin Rose is Captain Crunch boy! LOL - Igor The Troll
 I wonder if Kevin will ban TechCrunch for a few days to get some hype for Digg? He definitely will get some PR out of this! LMAO - Igor The Troll
 they are all dirty. - Noah David Simon
 you can actually buy diggs -- i 4get the website but you pay $20 plus 1$ per digg. - john conroy

Want to know which venture capitalist invested in which web 2.0-company? Take a look at Crunchbase. It's all there. And the best thing is: it has a beautiful and responsive API. I couldn't resist downloading a few entries from this database to visualize the network of investors and companies that's evolving around the new microblogging and lifestreaming tools.

So, here's a network map of the most important companies offering microblogging or lifestreaming services and their investors. The companies are symbolized as green circles and the funding organizations as red squares (click to enlarge). It's interesting how Ron Conway connects Seesmic, Twitter and Pownce with his investments. The rest is not exactly heavily linked by funding streams. Next will be a visualization that also shows the amount of money raised and the size of the companies.

Investors: Microcontent & Lifestreamng

See also these network graphs by Mikko Kivelä and Bemmu Sepponen displaying the links between companies and people of the whole Crunchbase.

Analyst firms exist for two reasons: First, to dispense words posing as wisdom, for free, to journalists, as a publicity scheme to get their name out. Second, to dispense words posing as wisdom, for large sums of money, to corporations, who have read their quotes in the press. Forrester Research is acquiring JupiterResearch, which will have the salubrious effect of reducing the wear and tear on reporters' phone keypads. And instead of two wrong predictions? Only one. We hope the antitrust authorities do not block this deal.


Poll

Twitter-Logo-Large
This is probably one of the most important things that Twitter has done in its young history. Search is not good at Twitter, but Summize is a pretty good Twitter search service. It also could be a lot more. And there are many, many more things Twitter could do.

This is also the glimmerings of a business model for Twitter, in that the service needs attachment points of declared intent which may make sense for marketing. Search is certainly one.


The favorite downtime-riddled platform for sharing the lumps life gives you in 140 characters or less, Twitter, has received a hot investment infusion of an undisclosed amount from Amazon founder and CEO Jeff Bezos and Bijan Sabet of Spark Capital. Spokesperson Biz Stone promises everyone that "Twitter will become a sustainable business supported by a revenue model," though they must have been a bit more specific when pitching to Bezos and Sabet. Sabet, for his part, earned himself a seat on Twitter's board with the deal. [Twitter Blog]


Berlin, Germany based Plazes, a location based social network (and one of the first startups we ever wrote about here on TechCrunch, back in 2005), has been acquired by Finland-based Nokia, the companies are announcing today.

We most recently wrote about Plazes new iPhone application in May 2008, which will take advantage of the cutting edge location technologies available on the phone (cell triangulation and GPS). The company has raised a total of €3.7 million in venture financing over two round, although the last round was closed in February 2007.

Co-founder Felix Petersen told me in a hastily scheduled phone call that the company will maintain its Berlin office and all thirteen employees. The Plazes product will become Nokia's Services & Software unit.

In 2006 Nokia acquired Berlin based Gate5 for a rumored $250 million and turned the product into Nokia Maps, which is deployed in 300 markets. Petersen says the success of that acquisition gave Plazes a lot of comfort in working with Nokia.

As a funny aside, a year ago Petersen was busted by his own product as he avoided one conference to attend another.

Crunch Network: CrunchGear drool over the sexiest new gadgets and hardware.

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