Sunday, June 10, 2007

New Paradigm

  • Sell your idea first.

  • Find your actors/audience first.

  • Size does not matter.

  • Reduce risk by pushing control out.

  • Value creation increases at the edge.

  • Decentralize authority, process and IP.
  • Transparency creates value.

  • Truth travels fast
  • Price alone is not sustainable.

  • Reengineer your value chain -- Skip intermediaries wherever possible.

  • Reinvent your business models.

  • Change the status quo.

  • Democratization of 4Ps paradigm: Citizen branding; Collective risk sharing; Collective collaboration; Collective IP ownership; Collective product innovation; Citizen marketers will sell "remarkable" ideas.
  • Innovators should adopt the 1% rule: If you don't find the 'sneezers' or connectors, the 80/20% rule won't matter.

  • Work backwards. Build your brand around your idea first. If the community you're targeting does not coalesce and rally around the idea, continuing to build the product is irrelevant.

  • Create your own "blue ocean."

  • ..... If you play it safe and go by the rules of your industry, value chain and business model -- you're dead!

  • ..... Most industries and markets are saturated and highly concentrated.


Source: http://www.slideshare.net/kameran/mtdc-2007-marketing-trends

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