Time 7:58

Karen O’Brien, a partner with the Crimson Consulting Group constructs a new way for marketers to evaluate the customer landscape. O’Brien says the outdated description of acquiring customers is to acquire, retain and grow them. Web 2.0 technologies, social media and the abundance of conversations taking place on the Web about products and services have painted a new perspective of the market.

That perspective, according to O’Brien, is attract, engage and extend. Her work won the Marketing Thought Publishing contest sponsored by the Silicon Valley chapter of the American Marketing Association.

I agree with Karen — and with that change comes the uncomfortable reality for marketers, CEOs and sales people that they don’t have control of their brand, as was once thought. One can make the case that companies never controlled their brand. People talked about their negative and positive experiences just as much as they do now. The difference is the proverbial backyard fence is replaced the Web and today their opinions are received by more than the next door neighbor and Aunt Mildred. Nothing against Aunt Mildred.

In this podcast, we discuss the Forrester social media ladder and an excellent example of corporate blogging policy at Sun. O’Brien will be speaking at the Online Market World event at the Moscone Center in San Francisco on October 3.

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