Posts Tagged ‘Information Week’

Focus Your Social Media Efforts For Better Results

April 26th, 2012

A couple of weeks ago we talked about “Tops-Down Corporate Social Media” and how an organization’s senior executives should be leading the social media charge for their business. Today, we’re going to take a slightly different approach on corporate social media, one built around choosing a strategy. In this age of social media and social networking it seems like new platforms pop up almost on a daily basis. We all know the big names out there, like Facebook, Twitter, LinkedIn, etc. Companies are looking to have more of a social media presence in their marketplace but they must first decide which platform is the best vehicle to drive their business towards targeted consumers. There is no limit to how diverse a company’s social media strategy can be but is diversity really the goal? No it’s not. The real goal is reaching your customers and putting a message in front of as many of them as possible. Organizations need to be wary of stretching themselves too thin across too many platforms. Instead focus your efforts where you’ll get the best results. Debra Donston-Miller has a nice article on InformationWeek.com about choosing the social network that makes the most sense for your business. She brings up several good points, including this quote from Jason Breed, Global Social Media practice lead for Accenture and co-founder of www.Hashtagsocialmedia.com:

“It does not matter if you put up a Facebook page while

your customers are complaining on Twitter.”

In other words, know what platforms your customers are using and, taking it a step further, how they are using them. Once you have solved this equation, then you can dedicate your organization’s resources in the right way instead of taking a “throw it against the wall and see what sticks” approach. Again, a lot of companies have the desire to establish a social media presence but they have no real purpose behind their efforts other than simply wanting to be involved in the phenomenon. Queue Jason Breed again:

“You need to do social on purpose–otherwise, you are

simply moving for the sake of motion.”

I suggest you read Debra’s article on the matter as she talks to a couple of business owners about how they developed their company’s social media strategy. It might make you rethink your strategy or lack thereof altogether. For more discussion on this issue, attend our Innovation Forum, June 7th and 8th in Atlanta, to hear PwC’s Carlos Bermudez speak on “Corporate Use of Social Networking to Promote Collaboration.”

Tops-Down Corporate Social Media

April 6th, 2012

Social media has emerged as a dominant force in people’s lives over the past several years. Individuals are using the platform to connect with others and share information on a daily basis. Whether you’re a Facebook Friend or Twitter Follower, you are part of this revolution. However, as quickly as social media has grown on the personal side, it is still relatively new in the corporate sector. Many organizations have begun focusing attention on the bleeding over of social tools into their enterprises. They are looking to use internal social networking as a way to promote their brands and connect with their customers. Some organizations have even piloted internal social tools in an effort to promote enterprise-wide collaboration. Social media is driving business transparency and engagement, creating both new challenges and opportunities.  As with any other initiative you try to push through the company, it is important to gain support from the executive leadership. In the case of social media, Senior Executives like CEOs, CIOs, etc. shouldn’t be afraid to set the example for their employees. They need to be leading the social media charge and pushing this movement tops-down. A new study even found that social media-active CEOs are more trustworthy. These quotes from Information Week’s article on “Why CIOs Must Be More Social” are pretty telling:

“If CIOs are charged with building a social business, shouldn’t they have a social presence?” Fidelman asked, suggesting that “CIOs who don’t get social might not be CIOs next year.” Yet even in conservative industries like finance, there are CIOs like Royal Bank of Scotland’s Ian Alderton (#4 on the list) who are social standouts, Fidelman said.” -Mark Fidelman, Chief Social Strategist at Harmon.ie

Fidelman recently compiled a list of the Top 25 Most Social CIOs. Here is the Top 10:

1. SAP, Oliver Bussmann

2. Google, Benjamin Fried

3. Pemex, Abraham Galan

4. Royal Bank of Scotland, Ian Alderton

5. Microsoft, Anthony Scott

6. Supervalu, Wayne Shurts

7. Kimberly-Clark, Ramon Baez

8. Jacobs Engineering Group, Cora Carmody

9. Tesco, Mike McNamara

10. Omnicom Group, Kenneth Corriveau

For our members who are interested in corporate social media, we encourage you to check out a couple of upcoming IMF events:

April 26thWeb Forum on “Social Media’s Benefit to the Business” led by Kandy White from Verizon

June 7th & 8thIMF Innovation Forum discussion on “Corporate Use of Social Networking to Promote Collaboration”

Enterprise Social Media Not Measured in Dollars & Cents

November 22nd, 2011

While social media exploded into the consumer space several years ago, it is relatively new to the business world. Enterprises have been reluctant to come around on the notion but their resistance is waning. One of the problems is a difficulty in measuring the impact social media has on the enterprise in its various capacities. It is tough to come up with dollars and cents when your metrics are Facebook “Likes” and Twitter followers. However, thinking about it in those terms can be a rather narrow-minded approach. Instead, think in terms of communications, engagement, and innovation. This article from Information Week asks how you can measure the ROI for these activities. That is an excellent point because if anything, social media gives everyone a voice and promotes collaboration. Now you start to get ideas, problems get solved faster, and innovation moves to the forefront. There are over 800 million people using Facebook in the world today. Those users are in fact your customers, employees, shareholders, and partners. They are already there using the service so it makes little sense to resist the move towards a social enterprise any longer. If the number of people using these social channels continues to grow exponentially like they’re doing right now companies may not have an option.

Dr. Jonathan Reichental, CIO for the City of Palo Alto, California, recently led a Web Forum presentation on “Social Media in the Corporate Environment.” He touched on a lot of these points and highlighted the opportunities that are out there for businesses aiming to shift towards becoming a more social enterprise. To read a full report on this presentation by Dr. Reichental, CLICK HERE.