Josh Bernoff and Charlene Li of Forrester research in the MIT Sloan Management Review , via Brian Moffat, via JD Lasica …

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Harnessing the Power of Social Applications

People are connecting with one another in increasing numbers, thanks to blogs, social networking sites like MySpace, and countless communities across the Web. Some companies are learning to turn this growing groundswell to their advantage.

Josh Bernoff and Charlene Li

Companies are used to being in control. They typically design products, services and marketing messages based on their own particular view of what people want. Keeping up with customers has meant conducting research on their needs and performing test marketing of new products and services. Because the balance of power has favored large corporations with a lock on manufacturing, advertising, distribution and other operations, the term "customercentric" was mostly just a buzzword.

Now, though, many customers are no longer cooperating. Empowered by online social technologies such as blogs, social networking sites like MySpace, user-generated content sites like YouTube and countless communities across the Web, customers are now connecting with and drawing power from one other. They’re defining their own perspective on companies and brands, a view that’s often at odds with the image a company wants to project. This groundswell of people using technologies to get the things they need from one another, rather than from companies, is now tilting the balance of power from company to customer.

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