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Michigan

A global shift in GDP Market Share

by drm on November 24, 2009

An interesting, quick analysis of global GDP trends by Mark Perry, a University of Michigan professor, shows that on the big stage, the United States has held its share of economic production remarkably steady for the past 40 years.

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Bottom Line: World GDP (real) doubled between 1969 and 1990, and has increased by another 60% since then, so that world output in 2009 is more than three times greater than in 1969. We might mistakenly assume that the significant economic growth over the last 40 years in China, India and Brazil has somehow come “at the expense of economic growth in the U.S.” (based on the “fixed pie fallacy”) but the data suggest otherwise. Because of advances in technology, innovation, and significant improvements in U.S. productivity, America’s share of total world output has remained remarkably constant at a little more than 25%, despite the significant increases in output around the world, especially in Asia.

I’m struck also by the relative leveling out of global resources between the big three economies — Europe, Asia and the U.S. The trends don’t portend well from Latin America and Africa, which have experienced virtually no change in share, despite various economic development initiatives over the past four decades.

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Eric Brown & the new direction of marketing

by drm on November 9, 2009

At different points in my life, as I’ve begun to work through a problem that I find particularly engaging and energizing, I’ve been fortunate to stumble across people who have by-passed confusion and moved straight to the actions that create the new and exciting thing that I’m only beginning to see.

The most recent time this has happened was late last year, as I began to explore how social media tools could be used to create effective and measurable marketing programs.

Screen shot 2009-11-09 at 2.09.41 PMMy starting point was trying to understand how real estate agents were leveraging social media to help drive their market footprint; this inquiry took me to the multi-family space. And exploring the multi-family space, I found the most practical and effective solution I could imagine, implemented by a property owner in Royal Oak, Michigan — Eric Brown.

I went to school on Eric’s approach, from his foundation premise of building value around customer experience to his marketing strategy of driving community and connection using social media tools in order to build search traffic and drive referrals. Finally, I reached out to Eric and flew out to Michigan to visit with him. I wanted to learn more about the process he had gone through to arrive at a solution that I admired as elegant and practical.

We had just launched the first of our DigitalSherpa line of products at NCI, the CommunitySherpa service for the multi-family industry, and Eric and I talked a lot about the further extensions of the social media marketing service that we were developing at our company.

That conversation sparked a series of discussions that made it clear that our organization would be enriched by Eric’s enthusiasm, experience and effectiveness.

I’m excited by the relationship we’ve structured. Eric has joined NCI as our chief Social Media Strategist. You can see the announcement here. Eric writes about his enthusiasm for the new opportunity here.

The Social Media Space is changing and evolving, and the floor has started to shift. More and more folks are further understanding the potential of Self Publishing and Shared Content. We have been yapping about the benefit of blogging and Social Media Marketing, and the effect that the Urbane Life Blog has had on our numbers at Urbane Apartments for some time now. The Direction of Marketing Has Changed

We’ve attracted more than 600 clients to our DigitalSherpa offerings since first launching CommunitySherpa in July. The process has been exciting and challenging and the amount of learning that we are accumulating every day is impossible to measure. To continue to respond, to chart a path that is flexible and adaptive, you need to have smart people with a practical disposition challenging each other and connecting with the customers. Eric is that kind of person. I’m really looking forward to working with him.

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