Social Media - Changing Society Forever

I have recently discussed the power of Social Media where I argued that these are key tools that are generally off limits to most product market managers – which was a mistake because social media tools provide you with the ability to communicate with a large group of people, for the group to share information and to coordinate and organise very quickly all at almost zero cost – a marketer’s dream. I also discussed the fact that social media has the proved ability to provide the tools needed to organize a revolution – of citizens and consumers (See Social Media Strategies & Social Media Revolutions)

In this post I will reflect on the far reaching nature of social media and explain why it is therefore critical to the way that we converse with our customers.

One of the most far reaching changes in civilization was made by Johannes Gutenberg around 1439 when he invented the moveable type printing press – essentially enabling the economic mass production of books. This destroyed the market for manuscript copiers and more importantly allowed knowledge to be acquired by the masses and not just the privileged elite. This (the ultimate disruptive technology) invention changed the balance of power in civilizations forever.

I think that many of us would regard the Internet in general as being of similar importance as it provides almost everybody with access to limitless information. However, I think that the Internet is not the complete information revolution.

I think that the true Gutenberg style Internet revolution will be driven by two factors:

1. The Kindle (& similar devices) as a reading book is of equal or greater significance – allowing people to simply build, access, annotate and store their personal library.
2. Social media as a way of sharing pre-selected information that interests me; and is probably of at least mild interest to some of my friends and an economic way of sharing commenting and discussing this information.

Sharing and discussing information with social media is incredibly powerful. It is without doubt apologetically subjective personal information. However, it is incredibly compelling information – cleverly presented and recommended by a friend. In many cases a discussion emerges among the social circle. We start of with small pieces of information or knowledge and refine and enhance it by sharing. This in my opinion is similar to the invention of the printing press – I have access to all the information and will generally glance (at the very least) at these recommended items – instant access to important or pre-selected information.

This accessibility and relevance explains why we often see small localized businesses investing in Facebook and other social media. They know that they are not going to get thousands of followers – that is not the objective. Their objective is to be significant among their customers – to be part of the conversation and be part of the small instant information exchange. It is pure customer engagement and customer centric communications.

Equally so discussing what the business has done wrong is trivial and stunningly effective (see Social Media Revolutions) over social media. I believe that it is essential that we understand that society has changed with social media and that we need to embrace the new world – for the sake of our product and our customer engagement.

In my final comment (for now) on social media I would like to recommend this post from Jeff Cole discussing Google +.

Jeff makes some excellent points that are directly and indirectly relevant to product managers – in particular, I would like to reflect on the difficulty in being an expert in social media – and the very best never call themselves experts. This is often the case in many fields. My takeaway from Jeff’s article is that this is such a new and dynamic space there are many right and many wrong ways to do it. Think about what you want to achieve and the best way to do so – but most importantly get out there use the social media tools and do something – social media is enabling revolutions and it is changing society forever - your product and your customers can’t afford to be ignored.