11 Rules for Creating Value in the Social Era
When a community invests in an idea, it also co-owns its success. In other words, it’s not just socially funded; it’s socially meaningful.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
The value chain has changed. The customer is no longer just the buyer but also a co-creator. Co-creation, crowdfunding, and customization can lend a deeper value to the pricing.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
When people know the purpose of an organization, they don’t need to check in or get permission to take the next step; they just create value.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
attracting and seducing consumers with a relevant, helpful, and unique point of view works better than shoving more messages into the already loud marketplace.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
Instead of perfection and getting it right the first time, innovation can be continuous, and core rather than episodic.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
These are not easily controlled by one party over the other but are a process of coming together. And the relationship gains strength from trying new things and the resulting failures, for it is in the process of making mistakes—and the ensuing forgiveness—that resilience develops.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
In the Social Era, the term to use is flexibility. Our goal is to learn our way into the future.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
The Social Era honors the value creation starting with the single unit of a connected human.
Nilofer Merchant • 11 Rules for Creating Value in the Social Era
When customers are central to all we do, they are not easily controlled and they are not predictable. But remember, it is making mistakes—and the ensuing forgiveness—that gives relationships their resilience. This connection might take longer to forge than a transactional exchange, but its outcomes will last longer. Any vulnerability we feel along
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In psychological language, the key to adaptability and personal growth is resilience. In biology, the equivalent term is plasticity. In financial language, we use the word liquidity to measure how flexible we are, how able to withstand what happens to us. In organizational design, the term is flexibility. And that is what these levers I’ve just cov
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