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Social Media Dynamics



            & Innovation




            Dr. Ashish Bharadwaj | Nov 2011|   © 2011 UPES




Keynote

JUST WHAT IS SOCIAL MEDIA
ANYWAY?

     September 2011
      Nov 2011                                 © © 2010 UPES
                                                 2011 UPES




                                                               1
September 2011
 Nov 2011        © © 2010 UPES
                   2011 UPES




September 2011
 Nov 2011        © © 2010 UPES
                   2011 UPES




                                 2
September 2011
 Nov 2011        © © 2010 UPES
                   2011 UPES




September 2011
 Nov 2011        © © 2010 UPES
                   2011 UPES




                                 3
From a web of documents




       September 2011
        Nov 2011          © © 2010 UPES
                            2011 UPES




To a web of people




       September 2011
        Nov 2011          © © 2010 UPES
                            2011 UPES




                                          4
The collection of norms, habits, and behaviour that define what
                 a fairly large quantum of people are all about.



           September 2011
            Nov 2011                                                      © © 2010 UPES
                                                                            2011 UPES




What is a Social Network?

  An online meeting place for consumers and influencers
  to create,
  share and
  interact with
  content.




           September 2011
            Nov 2011                                                      © © 2010 UPES
                                                                            2011 UPES




                                                                                          5
What is a Social Network?

  CGM—Consumer Generated Media
  SMM—Social Media Marketing
  WOM—Word of Mouth
  Viral Marketing
  Buzz Marketing




          September 2011
           Nov 2011                                                   © © 2010 UPES
                                                                        2011 UPES




Why Social Networks Matter

 “Consider how much information you voluntarily provide on your
 Facebook profile. Now imagine if you could combine that with your
 Netflix renting and Amazon buying habits. Then throw in the
 suggestions of your friends and the pages you visit the most often. ..just
 imagine how accurate a search could be if every time you had a query,
 the mass of data about you that exists on the Internet could inform the
 results.” --Glenn Derene




          September 2011
           Nov 2011                                                   © © 2010 UPES
                                                                        2011 UPES




                                                                                      6
Social media marketing


          Growing out of search
           marketing, and public
           relations before that
          Social media marketing
           is any way you can get
           attention for your
           message using people
           connected to the
           Internet

     People + message + Internet = social media marketing


13          September 2011
             Nov 2011                                       © © 2010 UPES
                                                              2011 UPES




            September 2011
             Sep 2011                                       © © 2010 UPES
                                                              2011 UPES




                                                                            7
Social media is NOT Digital Marketing




 Digital Marketing    buys online and offline coverage
 Social Media    earns online and offline coverage
           September 2011
            Sep 2011                                     © © 2010 UPES
                                                           2011 UPES




Points to Ponder

  People are online
  Their friends are online
  Email is the new fax machine
  Email has been eclipsed by Social Networks
  Cloud Computing is upon us
  People want to share
  Real identity online is becoming the norm
  Half life of digital information is decreasing




           September 2011
            Nov 2011                                     © © 2010 UPES
                                                           2011 UPES




                                                                         8
Social media’s growth and
      adoption creates more
challenges for marketers in 2011.




    September 2011
     Nov 2011                       © © 2010 UPES
                                      2011 UPES




                     fin.


    September 2011
     Nov 2011                       © © 2010 UPES
                                      2011 UPES




                                                    9

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Social Media Dynamics and Innovation

  • 1. Social Media Dynamics & Innovation Dr. Ashish Bharadwaj | Nov 2011| © 2011 UPES Keynote JUST WHAT IS SOCIAL MEDIA ANYWAY? September 2011 Nov 2011 © © 2010 UPES 2011 UPES 1
  • 2. September 2011 Nov 2011 © © 2010 UPES 2011 UPES September 2011 Nov 2011 © © 2010 UPES 2011 UPES 2
  • 3. September 2011 Nov 2011 © © 2010 UPES 2011 UPES September 2011 Nov 2011 © © 2010 UPES 2011 UPES 3
  • 4. From a web of documents September 2011 Nov 2011 © © 2010 UPES 2011 UPES To a web of people September 2011 Nov 2011 © © 2010 UPES 2011 UPES 4
  • 5. The collection of norms, habits, and behaviour that define what a fairly large quantum of people are all about. September 2011 Nov 2011 © © 2010 UPES 2011 UPES What is a Social Network?  An online meeting place for consumers and influencers  to create,  share and  interact with  content. September 2011 Nov 2011 © © 2010 UPES 2011 UPES 5
  • 6. What is a Social Network?  CGM—Consumer Generated Media  SMM—Social Media Marketing  WOM—Word of Mouth  Viral Marketing  Buzz Marketing September 2011 Nov 2011 © © 2010 UPES 2011 UPES Why Social Networks Matter “Consider how much information you voluntarily provide on your Facebook profile. Now imagine if you could combine that with your Netflix renting and Amazon buying habits. Then throw in the suggestions of your friends and the pages you visit the most often. ..just imagine how accurate a search could be if every time you had a query, the mass of data about you that exists on the Internet could inform the results.” --Glenn Derene September 2011 Nov 2011 © © 2010 UPES 2011 UPES 6
  • 7. Social media marketing  Growing out of search marketing, and public relations before that  Social media marketing is any way you can get attention for your message using people connected to the Internet People + message + Internet = social media marketing 13 September 2011 Nov 2011 © © 2010 UPES 2011 UPES September 2011 Sep 2011 © © 2010 UPES 2011 UPES 7
  • 8. Social media is NOT Digital Marketing Digital Marketing buys online and offline coverage Social Media earns online and offline coverage September 2011 Sep 2011 © © 2010 UPES 2011 UPES Points to Ponder  People are online  Their friends are online  Email is the new fax machine  Email has been eclipsed by Social Networks  Cloud Computing is upon us  People want to share  Real identity online is becoming the norm  Half life of digital information is decreasing September 2011 Nov 2011 © © 2010 UPES 2011 UPES 8
  • 9. Social media’s growth and adoption creates more challenges for marketers in 2011. September 2011 Nov 2011 © © 2010 UPES 2011 UPES fin. September 2011 Nov 2011 © © 2010 UPES 2011 UPES 9