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VC Mediums Descripti<strong>on</strong><br />

Table 2: Mediums for VC communicati<strong>on</strong><br />

Communicati<strong>on</strong> Type<br />

Chat Room Online c<strong>on</strong>versati<strong>on</strong> in close <str<strong>on</strong>g>to</str<strong>on</strong>g> real-time.<br />

Usually no record of communicati<strong>on</strong> kept.<br />

Synchr<strong>on</strong>ous<br />

Message/Bulletin Allow <strong>the</strong> user <str<strong>on</strong>g>to</str<strong>on</strong>g> post c<strong>on</strong>tent which o<strong>the</strong>r Asynchr<strong>on</strong>ous<br />

Boards<br />

users may reply <str<strong>on</strong>g>to</str<strong>on</strong>g>, usually communicati<strong>on</strong><br />

is kept for a l<strong>on</strong>g period of time and <strong>the</strong><br />

community can browse this.<br />

News Groups Usually in <strong>the</strong> form of a Message or Bulletin<br />

board which requires specialist software <str<strong>on</strong>g>to</str<strong>on</strong>g><br />

c<strong>on</strong>nect <strong>the</strong> user <str<strong>on</strong>g>to</str<strong>on</strong>g> <strong>the</strong> news server <str<strong>on</strong>g>to</str<strong>on</strong>g><br />

view/c<strong>on</strong>tribute <str<strong>on</strong>g>to</str<strong>on</strong>g> users posts. Often <strong>the</strong><br />

News Group is formed around a specific<br />

<str<strong>on</strong>g>to</str<strong>on</strong>g>pic.<br />

Asynchr<strong>on</strong>ous<br />

E-mail Group Often referred <str<strong>on</strong>g>to</str<strong>on</strong>g> as Listserv groups, this is a<br />

community centered <strong>on</strong> e-mail<br />

communicati<strong>on</strong> using <strong>on</strong>e e-mail address<br />

which users use <str<strong>on</strong>g>to</str<strong>on</strong>g> post. These tend <str<strong>on</strong>g>to</str<strong>on</strong>g> have<br />

higher levels of moderati<strong>on</strong> and more<br />

focused specialized communicati<strong>on</strong>.<br />

Asynchr<strong>on</strong>ous<br />

Instant Messaging Examples of this are MSN or AOL Synchr<strong>on</strong>ous<br />

(IM)<br />

Messenger, <strong>the</strong>se enable you <str<strong>on</strong>g>to</str<strong>on</strong>g> build lists of<br />

your <strong>on</strong>line friends and communicate<br />

directly with <strong>the</strong>m. The emphasis here is<br />

often more <strong>on</strong> meeting people you already<br />

know than meeting new people as in a chat<br />

room.<br />

Wikis Pi<strong>on</strong>eered by <strong>the</strong> <strong>on</strong>line encyclopaedia<br />

“Wikipedia”. Community is usually built<br />

around a shared interest area in which all<br />

users have <strong>the</strong> same right <str<strong>on</strong>g>to</str<strong>on</strong>g> alter community<br />

generated c<strong>on</strong>tent.<br />

Asynchr<strong>on</strong>ous<br />

It is suggested in <strong>the</strong> literature that VCs are attractive <str<strong>on</strong>g>to</str<strong>on</strong>g> businesses as <strong>the</strong>y provide a<br />

mechanism <str<strong>on</strong>g>to</str<strong>on</strong>g>:<br />

- Facilitate a str<strong>on</strong>ger relati<strong>on</strong>ship between <strong>the</strong> firm and its cus<str<strong>on</strong>g>to</str<strong>on</strong>g>mers (Brown et al<br />

2002; Hagel and Armstr<strong>on</strong>g 1997)<br />

- Generate rapid-resp<strong>on</strong>se and instantaneous feedback c<strong>on</strong>cerning different innovati<strong>on</strong><br />

projects throughout <strong>the</strong> entire innovati<strong>on</strong> process (Ernst and Gulati 2003).<br />

Adam Fletcher – Do <str<strong>on</strong>g>c<strong>on</strong>sumers</str<strong>on</strong>g> <str<strong>on</strong>g>want</str<strong>on</strong>g> <str<strong>on</strong>g>to</str<strong>on</strong>g> <str<strong>on</strong>g>design</str<strong>on</strong>g> <str<strong>on</strong>g>unique</str<strong>on</strong>g> product <strong>on</strong> <strong>the</strong> <strong>internet</strong>.<br />

2006<br />

28

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