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My Book on Strategic Decision Making

My Book on Strategic Decision Making
Applying the Analytic Hierarchy Process
Showing posts with label social networking. Show all posts
Showing posts with label social networking. Show all posts

Friday, June 17, 2011

MEANING is the Next Killer App


The Question crops up every time! What is the Next Killer App?

We saw Email, Searching (Google), User generated information consolidation (wikipedia) in 1990s - Email the killer app.

In 2002 I wrote a paper and developed a framework on identifying killer apps. In fact, the Killer Sure Score (KISS) of a proposed application was described in my book - Strategic Decision Making - Applying the Analytic Hierarchy Process as well. Despite researching, social networks, buddy finders, - I missed out including Social Networks as a Killer App - one must say, Social Networking has become a killer app with the combination of microblogging (read Twitter).

Is there a new Killer App - in this new decade - I think - it is "Meaning" - MEANING IS THE NEW KILLER APP.

"Meaning" is as varying as human minds - when every one is searching for meaning, everyone also wants to tell one's meaning of the world as well. The trends of attention economy, ubiquitous access, continuous redefinition of well-established values and norms - will lead to "defining your own meaning and telling to the world that this is what I mean" ~ the contours are already there, by the way!

We are hearing, Semantic Web for last 9-10 years or so. I think, Semantic Web has to be redefined to create the Killer App. The "Meaning" Killer App can be independent, it can be overlaying on social networking, overlaying on search engines, overlaying on emails - However, "meaning" is the next Killer app -!

Hope you wont ask "What Do I Mean?"

Friday, August 21, 2009

Social Networks and the Making Ideas Happen in Large Enterprises – My Mother’s Recipe

My mother is an author - a poetess and story writer. She also has been a teacher. Till recently I was unaware of the method, the process or technique that has helped her find stories and characters for her writings. She has this remarkable ability to make friends with people – new acquaintances, strangers, seniors, young people – it doesn’t matter. She can connect with everyone. More surprisingly I have seen most people connect with her as well. I have always wondered how when she meets someone for the first time, she easily gets into knowing where from the person is, what does the person do, etc. Besides a genuine interest in people, one common method that invariably helps her to connect, is to mention someone’s name who or whose acquaintance has some connection to the new person she is talking to. There is a continuous search in her mind to connect the new person with someone whom she already knows. It is remarkable to see her confidence in knowing that she will find someone whom she is already connected to and who in turn is connected to the new person.

Till recently what I did not know is the fact that she naturally understands the way we connect with each other. She knows we are all connected to each other. It is after all a small world that we have. All of us are actually connected to each other through just six hops or six degrees only. The recent social networks research gives insights into hitherto unexplained observations.

 

The Small World, Six Degrees and Tipping Points

In mid-sixties Stanley Milgram, a social psychologist teaching at Harvard, with a reputation of doing original experiments, conducted an innocuous experiment which by his standards was rather boring to say the least. He asked 160 volunteers to send a letter to his stockbroker friend in Boston. The only condition was to send the letters not directly to the stockbroker but to their own friends, whom the volunteers think are most likely to know the stockbroker. Each of the friends was asked to send this further in the same manner.

Surprisingly, the letters arrived to the stock broker in an average six-hops or six-degrees. This led to the notion of six-degrees and of small world – that all of us are connected to each other by six intermediate connections. We all are connected to a small subset of people, which is true. It is also a fact that each of our connections is not mutually exclusive. They connect with each other as well. In effect, our connections are clustered. This leads to a problem, world can’t be both – a small world and a clustered one.

Despite being clustered in our own links, we connect with other such clusters through random, long-range, infrequent, and weak ties. The sociologist Mark Granovetter in his now classic paper of 1973 titled Strength of Weak Ties showed that effective social coordination happens through the presence of occasional weak ties between individuals and not through densely interlocking strong ties.

The small world, weak ties and network effects were looked at from a different perspective by Malcolm Gladwell. In his book that introduced Tipping Point to the mainstream language, Gladwell seeks to explain social epidemics or sudden and often chaotic changes from one state to another. The tipping point refers to the moment when something unusual becomes common.

According to Gladwell, three types of actors combine to create idea tipping points. Connectors are those with wide social circles. Mavens are knowledgeable people. Salesmen are charismatic people with powerful negotiation skills. They exert soft influence rather than forceful power. Gladwell says besides the few people – mavens, connectors and salesmen - there are two other factors that play an important role in idea tipping. These are Stickiness - ideas or products found attractive or interesting by others will grow exponentially for some time and The Power of Context - human behavior is strongly influenced by external variables of context.

Despite the work of Milgram, Granovetter and tipping point framework offered by Gladwell, the social networks remained more of a curiosity rather than serious field to pursue. It was only the research work of Duncan Watts that has brought the small world and clustered networks together with a mathematical recipe to design a social network which combines the randomness needed for small world and order needed for clustering.

Large enterprises are characterized by large social networks. We need to build a framework for making ideas happen in the social networks of large enterprises. After all, our most important world is the world of connections at our work place. How to design an enterprise based on the profound results of the recent groundbreaking research from social networks? May be my MOTHER’s RECIPE is the key!

Wednesday, August 27, 2008

Ignore Social Networking - prepare for business downfall

The headline of a Report on social networking says

Research and Markets: As the Number of Business Users of Social Networks Increases, Advertising Expenditures Will Rise Accordingly, Reaching an Estimated $210 Million in 2012

The New Business Doctrines of the co-creating world has to factor in the social networks. The future is Networked - we know - but it is about social networks - is a new insight and mind you pyramidal businesses built on centuries of Hierarchical thinking dont even understand networks - now how on earth these are expected to understand and leverage Social Networks!

It is a challenge!

Amazon buys Shelfari

Amazon buys Shelfari

This is not such a black swan as HP buying EDS, since both Amazon and Shelfari deals with books. But really - everyone is hooked onto the social networking phenomenon.

The news item at Informationweek gives the indication of future trends. Every company will create social networking capability within and outside the company.

Question really is not about whether or not - it is when you will have your social network ?

Are you ready for Co-creation through social networks - you better be!

Friday, August 15, 2008

Fastest Growing Social Networks

The BIG 5 ONLINE SOCIAL NETWORKS

USERS

Jun-07 Jun-08
FaceBook 52 Million 132 Million
MySpace 114 Million 117.5 Million
Hi5 28 Million 56 Million
Friendster 24 Million 37 Million
Orkut 24 Million 34 Million




From : 5 Social Networks That Are Growing Worldwide

The slide show

Wednesday, March 19, 2008

Welcome to Twitter

Just registered on Twitter and mind you I am alread hooked. See my twittering on the sidebar of the Blog.

The email from Twitter reproduced below

Hello, new Twitter-er!
Using Twitter is going to change the way you think about staying in touch with friends and family. Did you know you can send and receive Twitter updates via mobile texting, instant message, or the web? To do that, you'll want to visit your settings page (and you'll want to invite some friends).
Activate Phone & IM: http://twitter.com/devicesInvite Your Friends: http://twitter.com/invitations/invite
The New York Times calls Twitter "one of the fastest-growing phenomena on the Internet." TIME Magazine says, "Twitter is on its way to becoming the next killer app," and Newsweek noted that "Suddenly, it seems as though all the world's a-twitter." What will you think? http://twitter.com
Thanks again for signing up!
- Biz Stone and The Twitter Teamhttp://twitter.com/biz

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IS THIS THE NEW KILLER APP - Bye Bye Email - I like Twittering :)

Sunday, March 09, 2008

web 2.0 and Social Networking

Web 2.0 Vs Social Networking




Is 2008 the Web 2.0 Tipping Point Year - or a hype down Year?

My Book @Goodread