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The Power of Conversational
Virtuality
Communication & Social Media
The Power of Conversational
Virtuality


• More importantly, why is social
  media and social networking
  essential to you and your
  business and . . .
The Power of Conversational
Virtuality


. . why is it important to purchasing
professionals?
To understand why effectively utilizing and communicating with
social media is important . . . You need to understand what is
happening to traditional media . . . In essence where we have
already been . . .




      THE INEFFECTIVENESS OF
           BROADCASTING
. . . when you understand this, you will also understand how to
leverage social media in procurement related areas such as;
Supplier Development & Engagement, Internal Stakeholder
Communication, Collaborative Business Process Development and
Technological Incorporation.




      THE INEFFECTIVENESS OF
           BROADCASTING
The Power of Conversational
Virtuality
• The Daily Newspaper   • Newspapers only
                          received 15% of the
                          $60 plus billion dollars
                          that was spent on
                          advertising the
                          previous year
                        • This represented a
                          drop of 10% from the
                          previous decade
The Power of Conversational
Virtuality
• The Daily Newspaper   • Newspapers only reach
                          5% of the total population
                          today
                        • Venerable franchises
                          such as the Washington
                          Post and New York
                          Times are losing money
                          today
                        • Their on-line or electronic
                          versions are also losing
                          money
The Power of Conversational
Virtuality
• The Daily Newspaper   • Media industry veteran
                          executive J. William
                          Grimes predicts in July
                          2009 that all daily
                          newspapers across the
                          US (Canada included)
                          will cease publication
                          within 5 years
The Power of Conversational
Virtuality
• Television     • According to a 2009
                   Ofcom report, while
                   “regionally-based
                   television news and
                   relevant local content” is
                   still valued . . . local and
                   regional media are facing
                   “unprecedented
                   challenges, driven by
                   growing use of the
                   internet.”
The Power of Conversational
Virtuality
• Television     • In his June 4th article
                   “Who Cares About Local
                   TV?,” Dave Cournoyer
                   observed that “local
                   television stations don’t
                   feel very local anymore?”
                 • Lamented that local TV
                   stations have lost the
                   uniqueness of their
                   former local identity.”
The Power of Conversational
Virtuality
• Television     • S.E. Calgary News
                   headline from November
                   16th 2009 reads
                   “Newspapers and TV
                   Stations Are Sunset
                   Industries. Let ‘Em Fail.”
                 • November 13th, 2009
                   Globe and Mail article
                   asked the question “if a
                   local TV station in a
                   Canadian City goes dark,
                   does anybody notice?”
The Power of Conversational
Virtuality
. . . And where social media and social networking is headed . . .




       THE POWER OF
  CONVERSATIONAL VIRTUALITY
The Power of Conversational
Virtuality



• Before we get to where social media is
  headed . . .
The Power of Conversational
Virtuality



• Let’s first understand what it can do for us!
The Power of Conversational
Virtuality



• Pirelli . . . 101,992 (January 1995)
• Capgemini . . . 42,007 (October 1995)
• DHL . . . 10,115 (September 1997)

• PI Window on Biz Blog . . .
                   . . . 160,000 (June 2009)
The Power of Conversational
Virtuality



• A collective “social media network” which
  includes Blogs, Internet Radio, Internet TV
  and “communities of purpose” (re Social
  Networks) is essential.
The Power of Conversational
Virtuality



 PI Social Media Network . . . (June 2009)

• Collectively in the Top 100,000 (Today)
• Collectively Top 50,000 (end of Q1 2011)
• Collectively Top 10,000 (end of 2011)
The PI Social Media Network
The Power of Conversational
Virtuality



• Unlike traditional media, in which the
  number of eyeballs looking toward what
  Cushman referred to as a single stage
  being the critical point of connection . . .
The Power of Conversational
Virtuality



• . . . with social media and social
  networking as the refrain from the Collins
  song goes, it is now “Me lookin at you and
  you lookin at me.”
The Power of Conversational
Virtuality


• Blogs, Internet Radio, Internet TV and
  Social Networks have become the new
  venues replacing the somewhat unilateral
  and static stages of traditional media
  (websites, newspapers etc.).
The Power of Conversational
Virtuality



• We have entered the era of “conversational
  virtuality.”
The Power of Conversational
Virtuality

• The hive/cross pollination concept is
  based on the observation that individuals
  will likely choose at most one or two
  primary networks as their preferred
  platforms. That is, they will spend the
  majority of their social networking time
  interacting within these main “hives.”
The Power of Conversational
Virtuality
• While they may venture out into the vast
  social media world visiting countless other
  networks, similar to the honey bee these
  forays are ultimately geared towards
  gathering information and insights to bring
  back to the hive to share with their
  established community of contacts. This of
  course is the cross-pollination aspect of
  the hive effect.
The Power of Conversational
Virtuality
• Blogs; Wordpress,   • Content, Content,
  Blogger & TypePad     Content
                      • Consistency (2 to 4
                        posts each week)
                      • Expert Guest Posts
                      • Interactive Media and
                        Reference Links
                      • CROSS-POLLINATE!
The Power of Conversational
Virtuality
• Blogs; Business   • Strategic Market
  Benefits            Engagement
                      (Differentiation)
                    • Service Relationship
                      Orientation
                    • Establishes Subject
                      Matter Expertise
                      Brand and Presence
                    • Low-Cost of Entry
The Power of Conversational
Virtuality
•   Commonwealth Establishes Page Specifically Relating to the PI Social Media
    Network’s Coverage of Virginia’s eVA Program

•   Purchasing/Supply Chain Professionals Finally Cluing in to Twitter?!

•   Conversational Marketing and the Emergence of the Vendor Blog

•   Government Contracting and Social Media: Strange Bedfellows?

•   Guest Panel Finalized for Buy American Segment on PI Window on Business

•   Social Media and the The Power of Publicity (Why Purchasing Professionals
    Should Care)
The Power of Conversational
Virtuality
• Internet Radio; Blog   • Subject Matter
  Talk Radio               Passion & Expertise
                         • Comfort with Platform
                         • Preparation
                         • Pre and Post-Show
                           Promotion
                         • Associated Blog
                         • CROSS-POLLINATE!
The Power of Conversational
Virtuality
                      • Unique, Highly
• Internet Radio;       Accessible Venue
  Business Benefits     (including Live Event
                        Feeds)
                      • Interactive Format to
                        Engage and Maintain
                        Audience Rapport
                      • Perpetual Promotion and
                        Marketing
                      • Easy Integration With
                        Current Venues
                      • On-Demand Pollination
                      • Low Cost of Entry
The Power of Conversational
Virtuality
•   News Flash: IACCM Poll result, Canada is the country that is the "easiest to do
    business with“
•   Outsourcing Revisited: Is It A Viable Strategy?
•   What Really Happened At Toyota? Business Thought Leaders Segment
•   Profiling the Professionals: Corporate United Names Manager of Category
    Development
•   Seven Steps to Success: Jump Start Government Contracts Series (Part 6)
•   LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 2, Morning
    Session)
•   LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 1,
    Roundtable)
•   LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 1, Keynote
    Address)*
•   http://www.slideshare.net/piblogger/contracting-to-win-washington-keynote*
•   Thought Leaders Segment: Bill Michels Live from ISM's 95th Annual International
    Conference
The Power of Conversational
Virtuality
• Internet TV; ooVoo   • Subject Matter
  and UStream            Passion & Expertise
                       • Comfort with Platform
                       • Preparation
                       • Pre and Post-Show
                         Promotion
                       • Associated Blog
                       • CROSS-POLLINATE!
The Power of Conversational
Virtuality
                          • Unique, Highly
• Internet TV; Business     Accessible Venue
  Benefits                  (including Live Event
                            Feeds)
                          • Interactive Format to
                            Engage and Maintain
                            Audience Rapport
                          • Perpetual Promotion and
                            Marketing
                          • Easy Integration With
                            Current Venues
                          • On-Demand Pollination
                          • Low Cost of Entry
The Power of Conversational
Virtuality
• IBX Capgemini Purchasing Executive Summit

• 10th Annual eWorld Supply Chain Conference

• Washington Government Summit 2010

• Canada's The Best!
The Power of Conversational
Virtuality
• Social Networks:      • Connections Are Not
  LinkedIn, Facebook,     Relationships!
  Ecademy, So Act,      • Community Service and
                          Contributions vs. Self-
  Perfect Networker &
                          Broadcasting
  Inquisix
                        • Group membership and
                          Active Involvement
                        • Interactive Media and
                          Reference Links
                        • CROSS-POLLINATE!
The Power of Conversational
Virtuality
                      • Highly Accessible Venue
• Social Networks;
                      • Interactive Format to
  Business Benefits     Engage and Maintain
                        Audience Rapport
                      • Significant Q&A
                        Response Rate &
                        Intelligence (Average 20
                        and 60 Answers)
                      • Perpetual Promotion and
                        Marketing
                      • Easy Integration With
                        Current Venues
                      • Low Cost of Entry
The Power of Conversational
Virtuality
• Public Sector Supplier Forum (Essential
  Connections)

• Principles of Effective Contract Management

• Business Process Mapping Group

• Buyers Meeting Point
The PI Social Media Network
How To Find Us . . .

                 Enter
       “PI Window on Business”
         in any search engine
          to access show info

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Are You Part of the Social Media Conversion?

  • 1. The Power of Conversational Virtuality Communication & Social Media
  • 2. The Power of Conversational Virtuality • More importantly, why is social media and social networking essential to you and your business and . . .
  • 3. The Power of Conversational Virtuality . . why is it important to purchasing professionals?
  • 4. To understand why effectively utilizing and communicating with social media is important . . . You need to understand what is happening to traditional media . . . In essence where we have already been . . . THE INEFFECTIVENESS OF BROADCASTING
  • 5. . . . when you understand this, you will also understand how to leverage social media in procurement related areas such as; Supplier Development & Engagement, Internal Stakeholder Communication, Collaborative Business Process Development and Technological Incorporation. THE INEFFECTIVENESS OF BROADCASTING
  • 6. The Power of Conversational Virtuality • The Daily Newspaper • Newspapers only received 15% of the $60 plus billion dollars that was spent on advertising the previous year • This represented a drop of 10% from the previous decade
  • 7. The Power of Conversational Virtuality • The Daily Newspaper • Newspapers only reach 5% of the total population today • Venerable franchises such as the Washington Post and New York Times are losing money today • Their on-line or electronic versions are also losing money
  • 8. The Power of Conversational Virtuality • The Daily Newspaper • Media industry veteran executive J. William Grimes predicts in July 2009 that all daily newspapers across the US (Canada included) will cease publication within 5 years
  • 9. The Power of Conversational Virtuality • Television • According to a 2009 Ofcom report, while “regionally-based television news and relevant local content” is still valued . . . local and regional media are facing “unprecedented challenges, driven by growing use of the internet.”
  • 10. The Power of Conversational Virtuality • Television • In his June 4th article “Who Cares About Local TV?,” Dave Cournoyer observed that “local television stations don’t feel very local anymore?” • Lamented that local TV stations have lost the uniqueness of their former local identity.”
  • 11. The Power of Conversational Virtuality • Television • S.E. Calgary News headline from November 16th 2009 reads “Newspapers and TV Stations Are Sunset Industries. Let ‘Em Fail.” • November 13th, 2009 Globe and Mail article asked the question “if a local TV station in a Canadian City goes dark, does anybody notice?”
  • 12. The Power of Conversational Virtuality
  • 13. . . . And where social media and social networking is headed . . . THE POWER OF CONVERSATIONAL VIRTUALITY
  • 14. The Power of Conversational Virtuality • Before we get to where social media is headed . . .
  • 15. The Power of Conversational Virtuality • Let’s first understand what it can do for us!
  • 16. The Power of Conversational Virtuality • Pirelli . . . 101,992 (January 1995) • Capgemini . . . 42,007 (October 1995) • DHL . . . 10,115 (September 1997) • PI Window on Biz Blog . . . . . . 160,000 (June 2009)
  • 17. The Power of Conversational Virtuality • A collective “social media network” which includes Blogs, Internet Radio, Internet TV and “communities of purpose” (re Social Networks) is essential.
  • 18. The Power of Conversational Virtuality PI Social Media Network . . . (June 2009) • Collectively in the Top 100,000 (Today) • Collectively Top 50,000 (end of Q1 2011) • Collectively Top 10,000 (end of 2011)
  • 19. The PI Social Media Network
  • 20. The Power of Conversational Virtuality • Unlike traditional media, in which the number of eyeballs looking toward what Cushman referred to as a single stage being the critical point of connection . . .
  • 21. The Power of Conversational Virtuality • . . . with social media and social networking as the refrain from the Collins song goes, it is now “Me lookin at you and you lookin at me.”
  • 22. The Power of Conversational Virtuality • Blogs, Internet Radio, Internet TV and Social Networks have become the new venues replacing the somewhat unilateral and static stages of traditional media (websites, newspapers etc.).
  • 23. The Power of Conversational Virtuality • We have entered the era of “conversational virtuality.”
  • 24. The Power of Conversational Virtuality • The hive/cross pollination concept is based on the observation that individuals will likely choose at most one or two primary networks as their preferred platforms. That is, they will spend the majority of their social networking time interacting within these main “hives.”
  • 25. The Power of Conversational Virtuality • While they may venture out into the vast social media world visiting countless other networks, similar to the honey bee these forays are ultimately geared towards gathering information and insights to bring back to the hive to share with their established community of contacts. This of course is the cross-pollination aspect of the hive effect.
  • 26. The Power of Conversational Virtuality • Blogs; Wordpress, • Content, Content, Blogger & TypePad Content • Consistency (2 to 4 posts each week) • Expert Guest Posts • Interactive Media and Reference Links • CROSS-POLLINATE!
  • 27. The Power of Conversational Virtuality • Blogs; Business • Strategic Market Benefits Engagement (Differentiation) • Service Relationship Orientation • Establishes Subject Matter Expertise Brand and Presence • Low-Cost of Entry
  • 28. The Power of Conversational Virtuality • Commonwealth Establishes Page Specifically Relating to the PI Social Media Network’s Coverage of Virginia’s eVA Program • Purchasing/Supply Chain Professionals Finally Cluing in to Twitter?! • Conversational Marketing and the Emergence of the Vendor Blog • Government Contracting and Social Media: Strange Bedfellows? • Guest Panel Finalized for Buy American Segment on PI Window on Business • Social Media and the The Power of Publicity (Why Purchasing Professionals Should Care)
  • 29. The Power of Conversational Virtuality • Internet Radio; Blog • Subject Matter Talk Radio Passion & Expertise • Comfort with Platform • Preparation • Pre and Post-Show Promotion • Associated Blog • CROSS-POLLINATE!
  • 30. The Power of Conversational Virtuality • Unique, Highly • Internet Radio; Accessible Venue Business Benefits (including Live Event Feeds) • Interactive Format to Engage and Maintain Audience Rapport • Perpetual Promotion and Marketing • Easy Integration With Current Venues • On-Demand Pollination • Low Cost of Entry
  • 31. The Power of Conversational Virtuality • News Flash: IACCM Poll result, Canada is the country that is the "easiest to do business with“ • Outsourcing Revisited: Is It A Viable Strategy? • What Really Happened At Toyota? Business Thought Leaders Segment • Profiling the Professionals: Corporate United Names Manager of Category Development • Seven Steps to Success: Jump Start Government Contracts Series (Part 6) • LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 2, Morning Session) • LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 1, Roundtable) • LIVE EVENT FEED: 3rd Annual Business of Government Summit (Day 1, Keynote Address)* • http://www.slideshare.net/piblogger/contracting-to-win-washington-keynote* • Thought Leaders Segment: Bill Michels Live from ISM's 95th Annual International Conference
  • 32. The Power of Conversational Virtuality • Internet TV; ooVoo • Subject Matter and UStream Passion & Expertise • Comfort with Platform • Preparation • Pre and Post-Show Promotion • Associated Blog • CROSS-POLLINATE!
  • 33. The Power of Conversational Virtuality • Unique, Highly • Internet TV; Business Accessible Venue Benefits (including Live Event Feeds) • Interactive Format to Engage and Maintain Audience Rapport • Perpetual Promotion and Marketing • Easy Integration With Current Venues • On-Demand Pollination • Low Cost of Entry
  • 34. The Power of Conversational Virtuality • IBX Capgemini Purchasing Executive Summit • 10th Annual eWorld Supply Chain Conference • Washington Government Summit 2010 • Canada's The Best!
  • 35. The Power of Conversational Virtuality • Social Networks: • Connections Are Not LinkedIn, Facebook, Relationships! Ecademy, So Act, • Community Service and Contributions vs. Self- Perfect Networker & Broadcasting Inquisix • Group membership and Active Involvement • Interactive Media and Reference Links • CROSS-POLLINATE!
  • 36. The Power of Conversational Virtuality • Highly Accessible Venue • Social Networks; • Interactive Format to Business Benefits Engage and Maintain Audience Rapport • Significant Q&A Response Rate & Intelligence (Average 20 and 60 Answers) • Perpetual Promotion and Marketing • Easy Integration With Current Venues • Low Cost of Entry
  • 37. The Power of Conversational Virtuality • Public Sector Supplier Forum (Essential Connections) • Principles of Effective Contract Management • Business Process Mapping Group • Buyers Meeting Point
  • 38. The PI Social Media Network
  • 39. How To Find Us . . . Enter “PI Window on Business” in any search engine to access show info