Hey everyone, welcome to this private weblog for those interested in experimenting with market-tipping and influencing market dynamics.
I have a theory that market transitions are like First Order Phase Transitions in physical chemistry - a complex and chaotic process. When I was at Caltech, I saw this great demonstration of supercooling, where a liquid was rapidly cooled below its freezing point, but remained a liquid. Then, with a flick of a finger, the entire liquid crystallized as a solid.
But can market dynamics act in a similar manner? Well, consider Clark Gable. There was this movie he made with Claudette Colbert, “It Happened One Night.” In this famous scene, Clark Gable removes his shirt to reveal a bare chest… and suddenly, American men abandoned the wearing of undershirts in droves, so much so that undershirt sales declined by 75%. Undergarment manufacturers were "devastated," and the industry didn't recover until the requirements of World War II uniforms got men back into the habit of wearing undershirts.
As a commercial market moves from an early adopter phase into global uptake, can similar effects be produced? Well, we must first start by understanding the fundamental process of market take-off. In my study of the formation of critical mass markets, I’ve noticed that any product or technology that appears to "take off" is actually a series of cascading successful events, each spawning new applications and solutions which re-start the extreme slope of the adoption curve.
For the Internet, the cascading flow of technologies included the development of interconnected networks, the graphical browser, the Web, Java, etc. We simplify things by pointing to milestones, like the Netscape IPO or the exponential uptake of Napster, but the underlying chaos theory of market adoption and positive feedback lock-in is actually a complex system. This is the opposite of a catastrophe - sort of a benestrophe - in which everything miraculously goes right
I’ve found that Inhibitor/Enablers for critical mass market "take off" include factors like:
- the commoditization of the hardware or platform driven by economies of scale and Moore's Law
- emergence of meaningful standards
- achievement of negligible cost of use
- order of magnitude increase in usability and simplicity
- establishment of fair privacy/access policies that intelligently eliminate the possibility of spam
- development of compelling and useful vertical apps
- emergence of truly compelling mass market killer apps
- promotion of system and content-enriching activities
- development of innovative and effective revenue models
- willingness by US operators to embrace risk and change
- inhibitors are viewed as enablers/opportunities
So here’s the $64 question: Is it possible to Tip the Mobile Imaging Market collectively, collaboratively, and consciously?
Let’s consider and brainstorm a few possibilities:
Possibility #1: Social Engineering the Media
First consider the portrayal of cameraphone usage in the media. The first three movies or TV shows that I’ve seen that include cameraphones as a fundamental plot element are:
The Medallion with Jackie Chan
Use of Cameraphone by Kidnapper to Verify Identity of Victim
Law and Order - Special Victims Unit
Use of Cameraphone by Mean High School Girls to Photograph a Girls Shower, leading to a teen suicide
Tru Calling
Use of Cameraphone by Identity Thief to Steal a Credit Card
In other words, not a single positive portrayal of cameraphones in U.S. entertainment media.
What can the industry do about it?
Well, look at Apple requirements for product placement in hit TV shows: not only do the producers have to show the good guys using Mac’s, but they have to show the bad guys using Windows based PC’s.
For the mobile imaging industry, it’s important to send the message that cameraphones and mobile phones are linked to larger product placement budgets and that negative portrayals will bite the hand that feeds them.
Also, the industry could consider launching a Screenwriting Contest to reward positive, innovative portrayal of cameraphone use.
Possibility #2: Directing the Invisible Hand
Another interesting phenomena to consider are Spontaneous Group Happenings. These include:
Burning Man - 28,000 people paying $180 each
Flash Mobs - first mobility based fad
Hands Across America - 5.6 million participants
Spencer Turlock performance events - international recognition
The question then is to consider whether it might be possible to encourage the emergence of fad that aids mobile imaging growth. Something that would kickstart new technologies and content production, but not to over-commercialize.
I believe that something like this is possible with nothing more than a special XML tag, and a spontaneous worldwide art project could jumpstart visual search with perhaps 50 million new images.
Our proposal: One World/One Day, a Global Happening for Mobile Imaging
Document the beauty and passion of all human life for 24 hours
Initial Target - Valentines Day of the year 2005
Focus - What do you love?
One million cameraphones, 10,000 digital photographers and 1,000 student videographers throughout the world documenting the beauty of life
KEY - coordinate access between students and local “celebrities”
Aim to upload 50 million images, encoded with special XML tags
Global premiere at C-Summit 2005
This project could drive global awareness, adoption and uptake of key mobile imaging technologies and solutions. And a portion of the proceeds will be donated to charities benefiting the visually impaired.
However, the key is to do something like this withperfect timing, and at a modicum of cost and effort… and thus providing non-linear returns to those participating in this in-vivo experiment.
So what are your ideas? Feel free to write me, or comment, and let’s get this show on the road!