I just added CRM for Xbox and Games for Windows to my responsibilities (in addition to Online Community), so I'm in the mode of catching up--it's been a while!
Everyone I talk to about my new role as Director of Customer and Community Relationship Management (that's a mouthful, tell me if you think of something better!) is intrigued by the idea that social networking, blogging, influencer marketing, WOM can actually live side by side with CRM and "traditional" Marcom. I've been describing it as the infusion of targeted content and the machine of CRM. The biggest challenge in WOM is distribution and reach (especially when most corporations are using the toolkit of traditional advertising), and the biggest challenge of good customer messaging is targeted, relevant content.
One of the few newsletters I allow through my mile-wide firewall at work is the Harvard Business Publishing's email update. Josh Bernoff published something I've been talking about with co-workers on our Global Marketing team--Why Web 2.0 Is No Bubble: Corporations Are Willing to Pay for It.
I am talking about companies that serve corporate social application needs. ...in many of these companies, the technology itself is positively mundane. But the startups grow because they deliver value for which they can charge a premium and get customer loyalty. The customers of these companies don't defect when something shiny and new comes along, because they like the service they're getting."
Jeff also outlines a handful of companies that are building tools to help push-start efforts, and prove the ROI. It includes my friend Sam Decker's company, Bazaarvoice, and others that are helping companies get their arms around making sense of this new space.
Every company is--or should be--grappling with making sense of what this all means to their Integrated Marketing efforts. Some will approach it using existing strategies and tools, with limited results. Others will ignore it, to their peril. Hopefully your company is going to stay ahead of the wave. My prediction is that it's only going to be possible if you're paying attention to what's going on, hiring the right people, partnering with the right firms, and investing appropriately.



