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WIKIBRANDS: Reinventing Your Company in a Customer-Driven Marketplace [Hardcover]

Sean Moffitt , Mike Dover , Don Tapscott
4.3 out of 5 stars  See all reviews (3 customer reviews)
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Book Description

Dec 8 2010

REINVENTING YOUR COMPANY IN A CUSTOMER-DRIVEN MARKETPLACE

FOREWORD BY DON TAPSCOTT, Bestselling author of Wikinomics

"A must-read for business leaders, managers, and just about anyone who wants to recognize and tap into the incredible creative energy of customers and stakeholders." -- Richard Florida, bestselling author of The Rise of the Creative Class

"Marketers should follow the course laid out by Sean Moffitt and Mike Dover, which leads us into a new brand future of pull, not push, and of conversation, not control." -- B. Josep h Pine II, bestselling author, The Experience Economy

"Thoughtful, innovative, and most of all practical. If your organization wants to deploy technology to build better client relationships, Wikibrands will show you how." -- Keith Ferrazzi, bestselling author, Never Eat Alone

"Your brand can share control to create value. With the changing role of consumers, every brand is a lie, not a promise. But Wikibrands offers marketers a rich understanding of how social media can drive engagement for brands that make them true." -- Ross Mayfield , Chairman, President, and co-founder, Socialtext

"A must-read for the hungry marketer!” -- Julie Roehm, Backslash Meta, LLC

"The path forward presented in Wikibrands is brightly illuminated, helping change the landscape in an area ready for consumer-driven, open innovation." -- David Smith, Global Managing Director, Accenture, and Co-Author of Workforce of One : Revolutionizing Talent Management Through Customization

“"A behind-the-curtain look at how you should be engaging your customer directly in the branding process. Ignore this important book at your own peril." -- Saul Kaplan, Founder and Chief Catalyst, Business Innovation Factory

What is a Wikibrand?

It's the next generation of business building that taps into the true power of social networks, brand connections, and customer participation to build real value. It's a status update on Facebook, a rave on Twitter, a review on YouTube, and so much more. It's the herald of a new golden age in customer freedom and individualized customer service.

It's the future of business--and this book is your wake-up call, strategy guide, and road map to what's ahead.

In Wikibrands, acclaimed media marketing experts Sean Moffitt and Mike Dover show you how to take advantage of the exciting new models of business and technologies--and enthusiastic online communities--one click at a time.

Built on continuing research from Don Tapscott's trailblazing $10 million research project, which formed the basis of bestselling books such as Wikinomics and Grown Up Digital, this book delivers hundreds of the best examples from today's most successful businesses. You'll learn how to:

  • ENGAGE THE CUSTOMER through social influence, word of mouth, and user-generated content
  • CREATE AN EXPERIENCE affected by customer-driven ratings, reviews, and online culture
  • BUILD A COMMUNITY through microblogging, prosumerism, and crowdsourcing
  • MAKE A CONNECTION that is truly authentic, collaborative, and value enhancing

Whether you work with an established business and are looking to make it relevant to today's "wikiconsumers" or are launching a start-up from scratch, Wikibrands offers countless creative ideas for defining and reaching out to your target audience.

You'll find refreshing new ways and a FLIRT model to help you open up an honest dialogue with your customers, attract a ready-made fan base through shared interests, and even work with other businesses toward a mutually rewarding goal. These are the latest tricks of the trade, used by hot brand names such as Mozilla Firefox, lululemon, and Zappos; industry giants Starbucks, Dell, and Harley-Davidson; and other less well-known organizations.

This is how you turn merely buzzworthy brands into full-fledged wikibrands. Sean Moffitt is President of Agent Wildfire Strategy & Communications, a leading social influence, word-of-mouth, and customer engagement firm. An internationally known speaker and Web expert, he has reinvented brands as a client and partner for Molson, Guinness, Procter & Gamble, and numerous Fortune 500 companies and start-ups. Mike Dover is Managing Partner of Socialstruct Advisory Group. As Vice President, Research Operations, for New Paradigm (formerly nGenera Insight), he oversaw the research programs for the bestselling books Wikinomics and Grown Up Digital. He also has provided review support for more than a dozen other books. Continue the reinvention of your business at wiki -brands .com


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Product Description

About the Author

Sean Moffitt is President, Agent Wildfire Strategy & Communications Inc., a leading social influence, word of mouth and customer engagement firm. He is also an internationally respected and connected web expert and sought-after speaker, lecturing to corporations, associations and universities throughout the world on cultural trends and the reinvention of marketing and business. With one foot in traditional business and another in new digital worlds, he has led the efforts behind established brands Molson, Guinness and Procter & Gamble and now partners with many Fortune 500s and startups as an evangelist for web-enabled customer engagement and collaboration in business.

Mike Dover is the Managing Partner of Socialstruct Advisory Group. As Vice President, Research Operations for New Paradigm (later nGenera Insight), he oversaw the research programs underlying Wikinomics: How Mass Collaboration Changes Everything and Grown Up Digital: How The Net Generation is Changing the World. He also provided review support for more than a dozen other books including Authenticity: What Customers Really Want by Joe Pine and James Gilmore and DIY U Edupunks, Edupreneurs, and the Coming Transformation of Higher Education by Anya Kamenetz.


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Customer Reviews

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By Robert Morris HALL OF FAME TOP 10 REVIEWER
Format:Hardcover
What is the meaning of the noun "wikibrand(s)"? According to Sean Moffitt and Mike Dover, it refers to a "progressive set of organizations, products, services, ideas, and causes that tap the powers of customer participation, social influence, and collaboration to drive the business value." They go on to suggest, "Derived from the Hawaiian word wiki, traditionally meaning `quick' but more currently meaning `tribal knowledge' and `a collaborative website,' and the Middle English word torch, whose current business meaning is `a distinctive name identifying a product or a manufacturer.'"

My take is that the most powerful brands, wikibrands, are those that create multi-dimensional participation and multi-sensory experience in co-creation with an organization's most loyal and most engaged customers. "In a connected world and cluttered marketplace," Moffitt and Dover note, "brands are tapping into the instinctual human need for genuine participation, peer-to-peer dialogue, and shared media to survive and thrive." They explain how to "get true brand engagement, customer experience, and social collaboration into the very nucleus of an organization and not leaving them hanging out on the periphery." They make it crystal clear that this is not a marketing opportunity; rather, this is a business opportunity. "It's a big, cultural driving force...a pragmatic road map for winning in the current marketplace."
As I worked my way through the lively and eloquent narrative, these are among the portions that attracted my attention in Chapters 3-8.

o "The Seven Divides: Compelling Reasons to Change" (Pages 21, 23, 25-30)
o "Top Factors in the Changing Importance of Social Media, Word of Mouth, and Community Building (Figure 2.1, Page 22)
o "Eight Customer Experience Norms" (Table 2.2, Page 24)
o "The Six Benefits of Wikibrands" (Pages 50-62)
o "Seven Key Language Principles" (Pages 107-112)
o "Community Participation Motivations" (Table 8.1, Page 132)
o "Six Classes of Influencer" (Pages 136-138)

Note: An influencer is someone who has significant influence on the values, opinions, preferences, and consumer behavior of others.

It is important to keep in mind that the information, insights, observations, caveats, and recommendations provided by Moffitt and Dover were revealed during wide and deep research and are anchored in real-world situations, many of which involve global "wikibranders" such as Accenture, Best Buy, Cisco, Disney, FedEx, Hewlett-Packard, IBM, Nokia, and Procter & Gamble.

That said, I presume to suggest that the core principles as well as the most effective strategies, and tactics of wikibranding can also be of substantial value to much smaller companies such as family-owned retail franchises. Those who doubt that are urged to check out "Eleven Ways to Develop a Wikibrand" (Pages 278-286) and "Fifty-Question Assessment: Readiness for Brand Community" (Pages 286-2388) in which Sean Moffitt and Nike Dover provide material that, all by itself, is worth far more than the cost of several copies of this book. Is it that valuable? Read it and judge for yourself.
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4.0 out of 5 stars Marketers! Read this book pronto! Mar 13 2011
Format:Hardcover
What a breath of fresh air! Sean Moffitt and Mike Dover lead us through an innovative and practical business guide for the next generation of marketing strategy and brand building. Customers are no longer willing to be talked `at' and want to be involved and engaged with the brands that they connect with; a shift is occurring toward leveraging customers, talking `with' them, and encouraging participation - this is what truly creates value.

The structure of the book is set up nicely and takes one through the benefits of adopting a Wikibrand strategy, the steps required to change company mentality regarding the traditional customer, the FLIRT Model which gives insight into how to build a Wikibrand, and ways to maintain your Wikibrand once cultivated. Examples throughout the book really bring the tools and models to life. The book also addresses measuring social media effectiveness; a hot topic amongst marketers today.

I would highly recommend this book to business executives and marketers alike who are looking to understand and embrace this new wiki-customer which requires a fundamental change in how customers are approached. Engaging 'with' and not 'at' customers really is key.
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4.0 out of 5 stars Great book - great read! Mar 10 2011
Format:Hardcover
Moffitt and Dover have some great perspectives on overall new-aged marketing. It isn't enough to just talk about your customer as if they are just one homogeneous group. They aren't. Different social media savvy customers are at different stages, and can add value to the product or marketing campaign - to varying degrees. From my personal business experience - you need to treat them differently as a marketer.

I liked some of the tools highlighted in the book - like the 11 C's of building communities, and their good perspective on the different influential abilities of different customers (contributors, creators, evangelists, etc). Lastly, their comments on measurement were very important. Everyone is jumping on the social media bandwagon, and all smart companies are there ' but most DON'T HAVE A CLUE as to what strategies are working and what are not. Measuring effectiveness of Social Media marketing is the next BIG thing.
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