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		<title>New Marketing Communications 8</title>
		<link>http://marketingnow.biz/marketing/new-marketing-communications-8.html</link>
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		<pubDate>Fri, 18 May 2012 10:26:57 +0000</pubDate>
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				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Marketing Communications]]></category>
		<category><![CDATA[Marketing Communications Integrating Offline and Online with Social Media]]></category>
		<category><![CDATA[New Marketing Communications]]></category>
		<category><![CDATA[Online with Social Media]]></category>
		<category><![CDATA[Social Media]]></category>

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		<description><![CDATA[Marketing utopia has arrived: Social networks-herds or individuals? Consider a target audience of 20 people. Here’s how Lilley (2007) calculates how many messages can spread around depending on what media is being used. Related Posts: New Marketing Communications 7 New Marketing Communications 6 New Marketing Communications 5 New Marketing Communications 4 New Marketing Communications 3 [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Marketing utopia has arrived: Social networks-herds or individuals?</strong></p>
<p>Consider a target audience of 20 people. Here’s how Lilley (2007) calculates how many messages can spread around depending on what media is being used.<br />
<span id="more-2788"></span><br />
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<ul>
<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-7.html">New Marketing Communications 7</a></li>
<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-6.html">New Marketing Communications 6</a></li>
<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-5.html">New Marketing Communications 5</a></li>
<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-4.html">New Marketing Communications 4</a></li>
<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-3.html">New Marketing Communications 3</a></li>
</ul>
<p>Broadcast network is based on a ‘one to many’ model (eg old TV advertising). It is called a Sarnoff network (after David Sarnoff, the broadcasting legend). A hypothetical Sarnoff network with 20 viewers has a score of 20. The network score is simply the number of nodes (audience members) = 20</p>
<p>Telephone and e-mail network is based on a ‘many to each other’ model. It is called a Metcalf network (after Bob Metcalf, one of the inventors of the Ethernet). This communications model allows everyone to contact each other. Because everyone can call each other, the total possible number of calls or e-mails is 20 squared, or 400. This is potentially much more powerful for communicating messages among people than a Sarnoff network. The network score is node to the power of 2 or 20<sup>2</sup> = 400</p>
<p>Social network is an ‘immensely more powerful category of network’ based on a ‘many belong to numerous networks’ model. It is called a Reed network (after David Reed, who observed that people in social situations belong to more than just one network). The possible value of a Reed network is 2 to the power of the number of nodes on the network. Take the same group of 20 people in a social situation, whether virtual or real. A Reed network generates a score of 2 the power of the node. This generates a network score of 2<sup>20</sup> = 1,000,000</p>
<p>Moving from a broadcast network to a telephone/ e-mail network, even if only 10 per cent of the people pass the message (maybe a special offer, or perhaps a criticism), it still means that 40 messages will be sent around. This is twice as powerful as the TV network, which only had a possible total of 20 messages being received. Moving on to the Reed network (<a href="http://marketingnow.biz/tag/social-media">social media</a> network), if 10 per cent spread the message, that generates 100,000 possible messages that can be received. Or, even if only one-tenth of 1 per cent pass the message on, it would still generate 1,000 messages, which is 50 times more powerful than the old TV model with just 20 messages.</p>
<p>Now consider just one social network, LinkedIn, which is sometimes referred to as <a href="http://marketingnow.biz/tag/facebook">Facebook</a> for businesspeople. It is a powerful tool. Once registered (which is free), businesspeople start connecting with other businesspeople, effectively building their own networks. If an individual has 170 connections (contacts), LinkedIn calculates how the individual becomes part of a network of approximately 3 million people. Figure 1.3 shows how LinkedIn calculates the size of anyone’s network. The maths in the table is taken directly from LinkedIn.</p>
<p><strong>Networks, herds or individuals</strong></p>
<p>Group behaviour is well documented in social stud- ies. Marketers understand the natural impulse to follow the crowd. Some sociologists believe humans are just copying machines, basically. Because hu- mans are social animals, a large percentage of an individual’s brainpower is devoted to interacting with others, watching their behaviour and wonder- ing what they think of us. We carry this legacy with us every time we buy a particular brand of washing powder or choose what movie to watch in the cinema. We have learnt or evolved to be animals that are good at copying.</p>
<blockquote><p><strong>Your network of trusted professionals</strong></p>
<p>You have 170 connections and are at the centre of your network. Your connections can introduce you to 2,727,600+ professionals-here’s how your network breaks down:</p>
<p>1. Your connections (Your trusted friends and colleagues) = 170</p>
<p>2. Two degrees away (Friends of friends; each connected to one of your connections) = 32,900+</p>
<p>3. Three degrees away (Reach these users through a friend and one of their friends) = 2,694,600+</p>
<p>Total users you can contact through an introduction: 2,727,600+</p></blockquote>
<blockquote><p><strong>Think caveman</strong></p>
<p>If everyone is running away you don’t ask why; you just run. </p>
<p>Copying means you don’t have to learn everything from scratch, and you can defend or protect yourself more easily because you react to things more quickly, so it makes sense from a survival viewpoint.</p></blockquote>
<p>In the 1960s the sales of domestic air conditioning were followed and mapped for years. Findings showed that the best way to predict who would buy air conditioning came down to whether a person’s neighbour had it. People had to see it to be likely to copy it.</p>
<p>The Mexican wave-why? Because everyone in the crowd can see everyone else and is aware of the group behaviour. The Mexican wave cannot be re-created in a shopping centre, because people can’t see each other, nor can they see the group behaviour.</p>
<p>Facebook, on the other hand, is like a digital version of the Mexican wave, because people can see what all their friends are doing. They can not only see if their friends are online but also what their friends are currently doing and what they have been up to in the past. If someone gets an invite to Facebook and joins, that person in turn sends invites to his or her friends. Wherever the herd moves next, people follow. The internet just manifests or provides the mechanics for what we are naturally programmed to do.</p>
<p>If someone stands staring at the sky and pointing, that person is bound to get strange looks from passers-by, but get six or seven people standing together staring and pointing at the invisible spaceship and the crowd will swell.</p>
<p>Harnessing the knowledge of the herd has greater potential when it comes to building brand loyalty.</p>
<p>Source: PR Smith and Ze Zook, &#8220;<strong>Marketing Communications Integrating Offline and Online with <a href="http://marketingnow.biz/tag/social-media">Social Media</a></strong>,&#8221; KoganPage, Philadelphia, 2011</p>
<p>Republished by <a href="http://marketingnow.biz"><strong>Marketing Now</strong></a></p>
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		<title>Adaptive product</title>
		<link>http://marketingnow.biz/dictionary-of-marketing/adaptive-product.html</link>
		<comments>http://marketingnow.biz/dictionary-of-marketing/adaptive-product.html#comments</comments>
		<pubDate>Thu, 17 May 2012 12:26:01 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Dictionary of Marketing]]></category>
		<category><![CDATA[Encyclopaedic Dictionary of Marketing]]></category>

		<guid isPermaLink="false">http://marketingnow.biz/?p=2913</guid>
		<description><![CDATA[Adaptive product: Also called adapted product, this market entry strategy, in the context of international marketing, acquires its uniqueness by incorporating variations in any of the marketing mix elements in the original product to suit the tastes and preferences of the target market. Related Posts: Adapter Adapted marketing mix Adaptation level Adaptation Ad views (impressions) [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Adaptive product</strong>: Also called adapted product, this market entry strategy, in the context of international marketing, acquires its uniqueness by incorporating variations in any of the marketing mix elements in the original product to suit the tastes and preferences of the target market.<br />
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<ul>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adapter.html">Adapter</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adapted-marketing-mix.html">Adapted marketing mix</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation-level.html">Adaptation level</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation.html">Adaptation</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/ad-views-impressions.html">Ad views (impressions)</a></li>
</ul>
<p>Source: Kaleem Mohammed Khan and Mohammed Naved Khan, &#8220;<strong>The Encyclopaedic <a href="http://marketingnow.biz/tag/dictionary-of-marketing">Dictionary of Marketing</a></strong>,&#8221; Sage Publications, 2006</p>
<p>Republished by <a href="http://marketingnow.biz"><strong>Marketing Now</strong></a></p>
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		<title>Adapter</title>
		<link>http://marketingnow.biz/dictionary-of-marketing/adapter.html</link>
		<comments>http://marketingnow.biz/dictionary-of-marketing/adapter.html#comments</comments>
		<pubDate>Tue, 15 May 2012 13:08:58 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Dictionary of Marketing]]></category>
		<category><![CDATA[Encyclopaedic Dictionary of Marketing]]></category>

		<guid isPermaLink="false">http://marketingnow.biz/?p=2912</guid>
		<description><![CDATA[Adapter: One of the types of market followers who may challenge the supremacy of the market leader. The adapter takes the leader’s products and adapts or improves them, and may choose to sell to different markets. However, the adapter grows into the future challenger as many Japanese firms have done after adapting and improving products [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Adapter</strong>: One of the types of market  followers who may challenge the supremacy of the market leader. The adapter takes the leader’s products and adapts or improves them, and may choose to sell to different markets. However, the adapter grows into the future challenger as many Japanese firms have done after adapting and improving products developed elsewhere.<br />
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<ul>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptive-product.html">Adaptive product</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adapted-marketing-mix.html">Adapted marketing mix</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation-level.html">Adaptation level</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation.html">Adaptation</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/ad-views-impressions.html">Ad views (impressions)</a></li>
</ul>
<p>Source: Kaleem Mohammed Khan and Mohammed Naved Khan, &#8220;<strong>The Encyclopaedic <a href="http://marketingnow.biz/tag/dictionary-of-marketing">Dictionary of Marketing</a></strong>,&#8221; Sage Publications, 2006</p>
<p>Republished by <a href="http://marketingnow.biz"><strong>Marketing Now</strong></a></p>
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		<title>New Marketing Communications 7</title>
		<link>http://marketingnow.biz/marketing/new-marketing-communications-7.html</link>
		<comments>http://marketingnow.biz/marketing/new-marketing-communications-7.html#comments</comments>
		<pubDate>Mon, 14 May 2012 10:26:54 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Marketing Communications]]></category>
		<category><![CDATA[Marketing Communications Integrating Offline and Online with Social Media]]></category>
		<category><![CDATA[New Marketing Communications]]></category>
		<category><![CDATA[Online with Social Media]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://marketingnow.biz/?p=2787</guid>
		<description><![CDATA[Marketing utopia has arrived: Why social media works Social media fulfils a fundamental human need: to communicate. We are social animals. We like to communicate with each other. Social media facilitates this by helping us to communicate more easily, to more people, whenever we want. That is why social networks like Myspace, Facebook, YouTube and [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Marketing utopia has arrived: Why social media works</strong></p>
<p><a href="http://marketingnow.biz/tag/social-media">Social media</a> fulfils a fundamental human need: to communicate. We are social animals. We like to communicate with each other. Social media facilitates this by helping us to communicate more easily, to more people, whenever we want. That is why social networks like Myspace, <a href="http://marketingnow.biz/tag/facebook">Facebook</a>, YouTube and blogs are so successful. Social media is huge because it simply lets customers communicate with each other and organizations communicate with customers (this includes listening).<br />
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<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-5.html">New Marketing Communications 5</a></li>
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<li><a href="http://marketingnow.biz/marketing/new-marketing-communications-3.html">New Marketing Communications 3</a></li>
</ul>
<p>This new business environment allows marketers to listen to customers and opinion formers (and other stakeholders), channel their feedback into suggestions and new product ideas, and even test out new concepts and brand names, while all the time engaging customers, developing higher levels of customer loyalty and nurturing brand ambassadors. It’s a marketer’s utopia.</p>
<p>Web 2.0 is a participatory platform. Organizations that tap into that willingness to participate can do very well. Think beyond the old one-way communications and even beyond a basic dialogue between customer and brand and instead consider a trialogue amongst customers, opinion formers and the brand. Brands can reinterpret themselves as facilitators. Think about creating branded content, services, and even applications and widgets that give real benefits to customers (and that boost their engagement with the brand). Think about social networks. Become part of them. Exist inside them. Create a profile. Embrace these social platforms, whether photo sharing, music sharing, video sharing, or interest sharing platforms such as bookmarking.</p>
<p>Enabling rating of content and online services-services such as Delicious and comments on blogs-supports this.</p>
<p>Think engagement. Marketers are searching not only for ways to connect brands to customers, but also for ways to connect those customers to each other-with the brand simply facilitating the discussion. The brand can be a place where the community can congregate and discuss and collaborate. From customer feedback, to product ratings, recommendations and discussions, through to prosumers (customers who help to create, or produce, the next product): this is collaborative co-creation (see ‘The ladder of engagement’, page 18, for more). Customers are encouraged to be part of an organization’s product/service design system and production system. Many customers feel their favourite brand is engaging with them, and they feel some reciprocity as the organization demonstrates that it is listening and consequently taking action. This inherently deepens brand loyalty, purchasing and advocacy.</p>
<p>Many customers like to have a meaningful input into the products and services they consume. Some don’t, but many influential ones do. Getting private previews or input into shaping what is yet to come creates a sense of being an insider as opposed to being just another external customer sitting on a ‘customer service time bomb’.</p>
<p>‘If you’re paying attention, you get the answers to questions you didn’t even think to ask.’ (Schlack, 2008)</p>
<p><a href="http://marketingnow.biz/tag/social-media">Social media</a> makes it easy for both customers and organizations to communicate with each other. They allow everyone to get to know each other better, understand each other’s needs and issues, nurture relationships and collaborate, sometimes in highly destructive ways and sometimes in highly creative ways.</p>
<p>Source: PR Smith and Ze Zook, &#8220;<strong>Marketing Communications Integrating Offline and Online with <a href="http://marketingnow.biz/tag/social-media">Social Media</a></strong>,&#8221; KoganPage, Philadelphia, 2011</p>
<p>Republished by <a href="http://marketingnow.biz"><strong>Marketing Now</strong></a></p>
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		<title>Adapted marketing mix</title>
		<link>http://marketingnow.biz/dictionary-of-marketing/adapted-marketing-mix.html</link>
		<comments>http://marketingnow.biz/dictionary-of-marketing/adapted-marketing-mix.html#comments</comments>
		<pubDate>Sun, 13 May 2012 12:25:53 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Dictionary of Marketing]]></category>
		<category><![CDATA[Encyclopaedic Dictionary of Marketing]]></category>

		<guid isPermaLink="false">http://marketingnow.biz/?p=2911</guid>
		<description><![CDATA[Adapted marketing mix: An international marketing strategy for adjusting the marketing mix elements to each international target market, bearing more costs but hoping for a larger market share and return. Here the marketers because of widely varying cultural backgrounds, needs and wants, spending power and product preferences adapt their product, prices, channels and promotion strategies [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Adapted marketing mix</strong>: An international marketing strategy for adjusting the marketing mix elements to each international target market, bearing more costs but hoping for a larger market share and return. Here the marketers because of widely varying cultural backgrounds, needs and wants, spending power and product preferences adapt their product, prices, channels and promotion strategies to fit consumers’ requirements in each country.<br />
<span id="more-2911"></span><br />
<strong>Related Posts:</strong><br />
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<ul>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptive-product.html">Adaptive product</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adapter.html">Adapter</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation-level.html">Adaptation level</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/adaptation.html">Adaptation</a></li>
<li><a href="http://marketingnow.biz/dictionary-of-marketing/ad-views-impressions.html">Ad views (impressions)</a></li>
</ul>
<p>Source: Kaleem Mohammed Khan and Mohammed Naved Khan, &#8220;<strong>The Encyclopaedic <a href="http://marketingnow.biz/tag/dictionary-of-marketing">Dictionary of Marketing</a></strong>,&#8221; Sage Publications, 2006</p>
<p>Republished by <a href="http://marketingnow.biz"><strong>Marketing Now</strong></a></p>
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