INSIGHTS AND
OPPORTUNITIES IN
 SOCIAL MEDIA
   january 10, 2011
INTRODUCTIONS
CLASS RULES
DISCUSS -- DEBATE -- PARTICIPATE
lecture   PARTICIPATION
CLASS STRUCTURE

• discuss previous class
• discuss reading
• break
• discuss additional material
• review upcoming reading and assignments
REQUIRED READING
SUGGESTED READING
GRADING

• assignment 1: Hands On - 10%
• assignment 2: Case Study - 40%
• assignment 3: Final Pres - 50%
ACCESSING CLASS
      CONTENT
• Mobile: 773.910.7685
• Email: parkerman43@gmail.com
• Twitter: ParkSocClass
• Slideshare: slideshare.net/Parkerman
• Blog: parksocclass.blogspot.com
"Social media is like teen sex.
Everyone wants to do it. No one
actually knows how. When finally
done, there is surprise it's not
better.”       Avinash Kaushik, Google analytics guru (through Twitter, March 2, 2009)
MY OBJECTIVES

THEORY -- APPLICATION -- TOOLS -- ONGOING
what   WHY
TOPICS

• innovations and trends in social media
• applying social media to overall marketing
• strategic approaches to social media
• research in the social graph
YOUR OBJECTIVES

       ?
What do you think
 of social media?
“Social media are media for social interaction,
 using highly accessible and scalable publishing
    techniques. Social media uses web-based
     technologies to turn communication into
interactive dialogues... social media is a blending
 of technology and social interaction for the co-
                 creation of value.”
“social interaction”
“highly accessible”
“scalable”
“interactive dialogue”
“co-creation”
“value”
“The
 internet's
completely
   over”
"The internet's completely over. I don't
see why I should give my new music to
iTunes or anyone else. They won't pay me
an advance for it and then they get angry
when they can't get it.

"The internet's like MTV. At one time MTV
was hip and suddenly it became
outdated. Anyway, all these computers
and digital gadgets are no good.

"They just fill your head with numbers
and that can't be good for you."
Participation
      =
   Means
      +
Motivations
      +
Opportunity
46!
Dell’s actions resulted in $6 million in sales via the
custom URL that tracked usage of the discount
coupon.!
• Goals / objectives of the brand
• Marketing strategy
• Consumer behavior & insights
• Messaging
• Media landscape / Digital ecosystem
Social media
  doesn’t replace
 traditional media
• It’s more a megaphone for
  conversations

• It’s a new conduit for consumer
  understanding

• It’s a new system of accountability –
  checks and balances
AMATEUR!     AMATEUR!




AMATEUR!


              AMATEUR!
READING AND
        ASSIGMENT

• Read Cognitive Surplus chapters 1 & 2
• Begin Assignment 1

January 10 2011