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Where is our industry going? #SocialMedia

13 07 2010

When Michael Fruchter left for Pierson Grant in mid 09′, I thought “wow…. great opportunity good for him.” When a bit later late 09′, Wayne Sutton joined Twine Interactive (and may have left since), I started to think that things where changing and thought I’d better write a blog about this. I didn’t. Now Valeria Maltoni is moving to Powered and I’m thinking “geez, we’re morphing.” But into what? Remember the golden goose who laid the golden eggs? Are they migrating? Or is our industry slowly dying as companies ‘buy up’ the golden geese for the golden eggs?

In 3 years, our own practice Extanz, has evolved tremendously based on a core principle of the Higher Purpose (Got A Higher Purpose?, Trust 2.0 … Get Used To It, Twitter did it again, it’s about the people). Our industry has come to value ROI way more than it used to. At the heart of it, a culture of control has taken over. Companies had never encountered such a powerful force from such a small part of their customer base. They were used to sending one message, making one thing. Build it and of course, the people will come. But then the people started talking amongst themselves. Started dreaming, writing, building things themselves. They unleashed their own creativity and collectivity. Suddenly, we have a conversation being demanded. The market expect conversational brands. Agencies, once the meaning makers, now seek conversational expertise. They sense the talkative ones and just like the old days, the seek to control them. If you can just get hold of the speaker……then everyone will listen right?

Or will they?

And in the meantime, what of their conversational partners. What of the nature of conversation? What of the higher purpose of social media? Are we just media now?

@YannR @Extanz

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