Web 2.0
April 14, 2009 – 2:41 amRecently I was invited to do an Executive Read for the St. Paul Pioneer Press newspaper. On March 8th, the following article was printed in Business Section:
Robyn Flach
Vice President of Design & Development
Excellanz Graphic and Web Design
Rosemount, MN
“Web 2.0: A Strategy Guide” by Amy Shuen
When you hear the term Web 2.0 do you have a clear idea of what it means and the role you are probably already playing in it? The term was first coined by Tim O’Reilly in 2004/2005 to describe the shift away from the web as a collection of static websites to a new age where the web is used as a platform where users will gather and interact, collectively contributing and building on each others ideas and knowledge. In the book “Web 2.0: A Strategy Guide”, author Amy Shuen takes us thru a series of case studies using companies we are familiar with and illustrates the strategies behind their success in the Web 2.0 arena.
Beginning with Flickr, the popular photo sharing site, we are shown how users create value for both Flickr and themselves by contributing and interacting with other users. This is contrasted against another more complex, but successful model for Netflix. Next we are shown how Google’s strategies have harnessed positive network effects and gone on to redefine the way many of us use the web each day.
Shuen illuminates the importance and value of social networks such as Facebook, LinkedIn and others, showing how these values are measured. Increasingly, people get their first impressions from online, rather than offline meetings. Business networking has gone from face to face relationships to online relationships with people we may never meet, but are equally as important to our networks. Social influence can make even the smallest event go viral and grow exponentially.
The book continues with Amazon, IBM, Apple and more showing how collaboration with others, and combining old with new ideas for interaction and globalization is shaping the way business is being done. Each chapter closes with a clear recap of lessons learned, as well as a thought provoking set of both strategic and tactical questions to apply to your own situation. An extensive list of supporting material and suggestions for further reading is also included.
Companies and startups of all sizes wanting to re-assess their strategies for competing in a connected, web savvy era, will find this an invaluable starting place for strategy.
Author Amy Shuen is an internationally recognized authority on Silicon Valley business models and innovation economics.