My Photo

Subscribe

  • SUBSCRIBE
    Enter your Email


    Powered by FeedBlitz
  • Google Sponsored Ad

Full 28-minute Presentation by David

Search Ageless Marketing



Sample the Taste of Ageless Marketing

Must reads

Blog powered by TypePad

« Strategies for Surviving and Thriving in Challenging Times | Main | Strategies for Surviving and Thriving in Challenging Times »

January 29, 2008

Strategies for Surviving and Thriving in Challenging Times

Strategic Action #3 for Surviving and Thriving:
Adapt Your Life to Web 2.0 (Part 1)

Turning Your Company into a Complex Adaptive System

The real miracle of life is arguably not as much its existence per se – a California biotech company announced last week that it had created a human embryo from adult skin cells – as the complex system of biofeedback on which organisms depend.

Now, in a case of technology imitating life, the Worldwide Web has evolved into a higher cyberlife form called Web 2.0 that is animated by Web-based software in contrast with Web 1.0, which depends on external software such as browsers for its viability. Exactly how biofeedback systems work is still not completely understood by scientists.

Web.2.0 operates with a highly complex system of cyberfeedback that gives users instant readings – kind of like what happens every nanosecond in your body to keep it on an even keel on a proper course.

Among the most prominent expressions of Web 2.0 are Wikipedia, Facebook, My Space, Flickr, YouTube, Second Life and World of Warcraft. They are collectively known as social media because participants are co-creators of the content. Before the advent of social media, website owners were the primary producers of online content.

Web 2.0 takes the Internet as a complex adaptive system to soaring new heights of complexity. This is analogous to what happened three billion years after single-cell life showed up on earth: life began blossoming in higher, more complex multi-cell forms.

Take Wikipedia, for example. Like all organisms it functions in a continuing stream of change and adaptation. Of course, there are those who say, "Wikipedia cannot be as dependable a source of information as its primeval ancestor, Encyclopedia Britannica because you have all those people going into entries to change them at will."

Seen through the lens of traditional consciousness (see the previous two posts), there is every reason to assume that Wikipedia is subject to enough error to justify healthy suspicion about its accuracy. But, operating in the fashion of complex adaptive systems, Wikipedia has a self-correcting function that draws on feedback from participants in its organic evolution. The British science journal Nature conducted research last year and found Wikipedia generally comparable in accuracy to Britannica.

Web 2.0 has exponentially increased the available options in service of more productive and efficient use of the Internet. With the cyberspace equivalent of biofeedback, Web 2.0 enables people to share, collaborate and interact as social communities with a richness of experience and bounty of benefits not achievable at the Web 1.0 level of cyber evolution.

From a marketing perspective, Web 2.0 has generated a new calculus of supply and demand. The neat boundaries that have long had actors on the supply side in one sector of the transactional territory and the actors on the demand side in another sector are dissolving. Much as with a Mobius strip there is no front-back, forward-backward, or top-bottom dichotomy.

In the absence of the traditional supply-demand dichotomy, consumers have become active participants in creating value and shaping and mediating supply chain activity. Producers have become active customers of produce from the demand side.

If all this sounds a tad confusing, it’s mainly because it’s not very understandable seen through the traditional lens of economics and marketplace activity (see two previous posts).

An excellent treatise on the impact of Web 2.0 on business, on culture, on just about every sector of human activity can be downloaded from the Aspen Institute’s Communications and Society Program. You will want to download The Rise of Collective Intelligence.

No one really knows where Web 2.0 is going to take us, but a broad consensus holds that performing all the functions of business enterprise from research and product development to marketing and service will be radically different in the next decade than it was when this decade began. 

I will speak more to the subject of collective intelligence, which is at the very core of Web 2.0's transformative powers in my next post.

 

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d834521d3a69e200e5500f0a228834

Listed below are links to weblogs that reference Strategies for Surviving and Thriving in Challenging Times:

Comments

As a marketer, I have to say "Amen"! = )

Hello,

Your blog is very interesting.
I want more... ;-)

To your success

Martin

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Blogs with a Global Perspective On Marketing


  • Anita Campbell's Small Business Trends
    Anita's blog is a treasure trove of useful information, especially for small businesses who must depend on external sources to identify what is important to them.
  • Ben McConnell and Jackie Huba
    High priests of customer evangelism, the foundation of viral marketing, Ben and Jackie work creatively from the pulpit of the Church of the Customer to tech companies how to recruit consumers into their marketing efforts.
  • Brent Green's Boomers
    Brent’s blog amplifies marketing principles and practices in his book “Marketing to Leading-Edge Baby Boomers.” Commentary ranges from rants about the marketing clueless to exaltation of companies and organizations successfully introducing new Boomer marketing initiatives.
  • Evelyn Rodriguez - Crossroads Dispatches
    Evelyn offers a keen eye into the mind and soul of today's more mature consumer universe
  • Jean-Paul Treguer's Senioragency
    Jean-Paul brings a Continental perspective to the art of marketing to people in the second half of life. This entry links directly to the English edition. The French edition is at http://www.jean-paul-treguer.com/. In both editions, lots of down to earth insights and advice.
  • Katherine Stone - Decent Marketing
    Katherine's blog reflects her customer centric perspectives on experiential marketing
  • Michele Miller - WonderBlog
    Michele's blog focuses in part on feminine values in marketing -- critically important since women account for 80% of consumer purchases.
  • Paul Williams and John Moore - Brand Autopsy
    Paul Williams and John Moore bring an impressive array of experience to their blog, including Moore's experience withStarbuck's and Whole Foods.
  • Piers Fawkes and Simon King - PSFK
    Cool tracking of cool developments in the under-40 marketplaces in Europe, US and Asia.
  • Saisir l'état d'esprit des 40+
    Sylvain Desfosses's dedicated efforts to promote a better understanding of the general state of mind of 40+ segment and the strategic implications in marketing and management. In French (no English subtitles!).
  • Skip Linberg's Marketing Genius
    A multi-author blog covering a wide range of topics and philosophy, plus a few rants and random musings.
  • The Source of Leadership Blog
    David Traversi shares his unique insight into what makes a great leader by exploring personal energies that we all possess.
  • Tom Asacker - A Clear Eye
    Tom's wide-ranging blog is especially sensitive to the role of emotions in consumer behavior.
  • Tom Peters
    Tom's blog is - well, typical of Tom's thinking, almost beyond global in perspective with frequent outside-the-box ideas. You'll likely find it worthwhile to have Tom's blog in your must-read blog list.

Blogs on Branding

  • Stefan Liute - Stefan's Branding Blog
    Free ranging running commentary on branding in a nice conversational tone by a branding pro from Romania (grapefruit.ro) who understands the art of branding.
  • Jason Kerr - Brandlessness
    Jason sagely observes, "“Any sufficiently advanced brand is fully indistinguishable from the self” then sets out to fulfill the promise in that statement.
  • Errol Saldanha: Branding Branding
    Interesting site devoted to the perennial issue of how the terms "brand" and "branding" be defined.
  • David Young - BrandingBlog
    David's blog is replete with valuable insights into the semiotic alchemy of branding, an art more marketers should know more about.

Blogs on Specialty Areas of Marketing

  • CRM Lowdown
    CRM Lowdown - Craig Cullen blogs about every aspect of customer relationship management, from theory to implementation.
  • Eamon Maloney
    Spotlightideas is about creative-thinking in advertising account planning, communications and media.
  • Holly Buchanan's Marketing to Women Online
    Marketing to Women Online smashes stereotypes and focuses on understanding what women truly want in the online world and in the offline world
  • Lucy McDonald's R.E.A.L. Marketing Blog
    Lucy's unique blog provides a cornucopia of business and marketing tips for the counselor, therapist, psychotherapist, and alternative therapist.
  • MarcomBlog
    MarcomBlog is a collaborative effort between eight terrific public relations and marketing professionals and students in Auburn University's Department of Communication and Journalism to involve students in conversations with practitioners from around the world.
  • Mark Willaman's SeniorCareMarketer
    Mark discusses the 'business of aging' with a focus on Internet marketing. In particular, he writes about how companies who market products and services relating to the aging population can increase their online visibility, web site traffic and leads.
  • Marketing Headhunter
    Executive recruiter Harry Joiner speaks with top marketers throughout Corporate America every week which gives him keen insight into trends shaping multichannel marketing.
  • Resonance Partnership Blog
    Marianne Richmond offers insight into connecting marketing and customer experience within the paradoxes of a digital world… with an eye towards neuroscience and behavior theory.
  • Web Market Central
    Tom Pick of WebMarketCentral.com shares his advice, commentary, observations, and wisdom on all aspects of online marketing.
  • Yvonne DiVita's Lipsticking Blog
    Lip-sticking teaches small and medium-sized businesses how to market to women online. Speaking from the perspective of Jane – representative of the women's market – we offer qualified advice, insight, and research on women and the Internet.

Blogs on Sales Theory and Practice

  • S. Anthony Iannarino - The Sales Blog
    Anthony's common sense commentary is a treasure trove of insight into sales methods. tools, and theory enriched by an uncommon addiction to reading about everything. (Renaissance personalities make great salespeople and marketers.)