With all the discussion on what social media is, what it’s future will be like, who will control it, I often feel we fail to see the forest for the trees.

I see it as too diverse of a phenomenon to pin down with one easy definition. Its applications go far beyond the neat capsules that can be used to pick a particular department or function that should “own” it. Social media is creating, empowering, and accompanying a paradigm shift in the way we use all media.

Are we fully there yet? Of course not. These are only the early stages, part of an evolutionary process that often comes step by step. But those steps are happening and happening and soon we’ll look back and be amazed how far we’ve traveled. Then before we know it again, we’ll be stepping again and look back again and we’ll be amazed how much we’ve come from that first time we looked back.

Yes, organizations are going to have to harness social media in ways that they can benefit from, to reach ROI. This means trying to create some sort of structure for it without “siloizing” it. Very difficult indeed.

I’ve tried to lay out what I see social media as. Not from a specific definitional standpoint, but from a several miles up point of view.

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A quick video from the AlwaysOn’s OnMedia Summit last week in NYC. Henry Blodgett (who has made an extraordinary comeback by the way) asks panelists if a potential coming recession will hurt new media. The takeaway: not really. It’s too measurable and that’s what counts when advertising is cut back. And there’s enough eyeballs online (mostly young) that makes it impossible for marketers to ignore.OK. My take is that they’re right for large advertisers with large budgets. But much of the business community still doesn’t get online. And neither do a lot of smaller ad agencies. So I’m thinking the results will be mixed.

With the issue of reputation management in the news, I’ve been thinking a lot about the recent discovery that many of the Mattel toys made in China were painted with lead-based paints. This had followed several other unrelated incidents that had previously caused embarrassment to either Mattel or to China.

A company such as Mattel needs to have a proactive online strategy that could meet the negativity head on, to help suppress those damaging rumors that could hurt the company both immediately and permanently. A company needs to understand what is being said about them in online forums, on blogs, and, if necessary, it needs to help blunt and diminish the negativity headed their way.

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ZenithOptimedia is predicting that the percentage share of online advertising to advertising on a whole will increase from 7.5% in 2007 to 9.5% in 2009. I’m betting it’s going to be higher. And in part for the similar reasons they do.

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This past Thursday featured what looks to be the first of several “Presidential Candidate Dialogues” jointly hosted by MySpace and MTV. The event, held at the University of New Hampshre, featured former U.S. Sen. John Edwards talking to and taking questions from and audience of up to 300 attenedees, primarily made up of Univesity of New Hampshire Students, MTV viewers, and MySpace users. Read more…