06 - TYIB - Social Networks

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Transcript of 06 - TYIB - Social Networks

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•  Web 2.0 

•  Industry distruptors •  Commercial aspects of Web 2.0, social media 

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Social Media: Mashups & Filters:

Enterprise:

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•  Disruptors – Companies that introduce a significant change in their industries thus cause disruption in the conventional way of doing business

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1.  Is the service or product simpler, cheaper, or more accessible?

2.  Does the disruptor change the basis of competition with the current suppliers?

3.  Does the disruptor have a different business model?

4.  Does the product or service fit with what customers value and pay for?

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Commercial Aspects of Web 2.0, Social Networks

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•  Cheap advertisement •  Wider market •  Source of feedback similar to focus group •  Viral marketing •  Increased web site traffic •  Increased sales resulting in profit

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•  Tremendous ad-revenue potential •  Brand-created entertainment content

Ronaldinho: Touch of Gold •  User-driven product advertising

Nokia N90 •  Multichannel word-of-mouth campaign •  Customer product reviews

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