Andreas Engel - BizDev & Marketing Consulting
andreasengel.com
Monday, July 03, 2006
  List of Things to Innovating as a New Media Company
Current trends in information architecture, the development of user-provided information in folksonomies and wikis and the use and combination of single function focused applications show that the Internet is shifting to a medium that is genuinely more and more peer-to-peer structured with a decentralized authority.

As experience showed the most successful Web companies are building business models based on user-generated content such as customer reviews (Amazon), comments, amateur pictures (Flickr), home-generated videos (YouTube) or even algorithms (Google) with the purpose to provide better recommendations.

Driven by self-expression, collaboration and openess Web 2.0 is the current concept of choice to innovate as a New Media Company. I quickly generated a list of things to think of while developing a business, product or service in terms of strategy and tactics:

1.0 Strategy:

1.1 Digital Transmission
1.2 Digital Communication Preference:
1.3 Digital Communication Structure (Extract):
1.4 Digital Business Structure:
2.0 Tactics:

2.1 Search and Directory

2.2 Content and Community:
2.3 Transactions2.4 Personalization2.5 CS - DC
2.6 BI

3.0 Middleware
4.0 Base Technology
5.0 Licences
 
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'People's behavior in researching buying related information and decision making has changed during the last months. Their favorite methods include researching buying related price comparison sites, RSS-feeds, review sites, blogs and travel sites, while consumer generated content and peer-reviews have a huge impact on their decision making.'
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Name: Andreas Engel
Location: Düsseldorf, NRW, Germany

BizDev & Product Management | eCommerce, PMI, ITIL

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