In the first class I review the top 10 trends affection Social Media Marketing. These include:
• Growing importance of social
• Rise of integrated marketing
• Web eco-systems as the new business model
• Staggering growth & impact of mobile
• Increased importance of local and location-aware
• Increased adoption of social gaming, virtual goods
• Breathtaking ramp in demand/supply for video
• Rise of branded apps
• Growing use of social media behind firewall
• Critical importance of listening, measuring, analyzing & determining ROI
And I also examined the impact on marketing from the shift to social media:
Web 1.0 Web 2.0 Social
push pull share
publish interact connect
top down bottom up my circle of friends
mass markets specific segments individual customer
sell participate build relationships
Here are the class readings for Night 1
Recommended:
Web 2.0 Summit 2010: Mary Meeker, "Internet Trends" (video)
Clouds, big data, and smart assets: Ten tech-enabled business trends to watch,McKinsey Quarterly, August 2010 (you will have to register to read)
Optional:
Web 2.0 Summit 2010, Mark Zuckerberg (video)
15 Media and Social Media Trends to Watch in 2011, Rohit Bhargava
Once a Leader, Yahoo Now Struggles to find its way, NY Times, September 7, 2011
Also check out our class Facebook page, our Flickr and YouTube channels.
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