Professional Documents
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Leaders
know that virtually every institution or organization
in society, regardless of industry, geography or
culture, must reinvent.
Collaborative business platforms are emerging as an Economics are fundamental to market dynamics and
essential weapon in the 21st century competitive arsenal and individual choice. Nexus economics refers to the changes in
are at the heart of creating a “Wiki Brand.” economic structure, transactions and individual behavior in a
highly connected world.
Platforms open new possibilities for Marketing. Leading
companies use external platforms like Twitter, Facebook, Nexus economics changes everything in Marketing.
YouTube and Flikr to penetrate new segments. Innovative Individual behavior takes on new significance. Context and
marketers use specialized platforms for their most loyal and place can influence margins, production, distribution, and
active customers. landed cost. Automated agents may alter the fundamental
search behavior of those that seek products and services.
In the B2B space, leaders use collaborative platforms to
weave together suppliers and distributors to gain better Marketplaces of networked people and organizations and
market visibility and channel efficiencies. their interplay present new opportunities for hyper-growth
or hyper-decline. Market leaders use the new structures
Platforms also change the competitive dynamics of entire to more accurately shape the winning deal. Preference
industries. Apple’s iPhone platform with its App Store and functions and choice tradeoffs, previously the realm of
its burgeoning community of developers transformed the economic theory, become practical inputs to structuring the
cell phone industry. The emergence of the 3rd Screen value proposition – for some in real-time.
redefines customer intimacy and mobile service models.
How fast can companies exploit the new economic realities?
What other industries will be transformed by collaborative How can marketers use the comparative advantages of nexus
platforms? How will platforms reduce marcom expense? economics? Under what conditions to nexus economics
What role will platforms play in sustaining customer loyalty, trump traditional economics?
brand awareness and drive sales?
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