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12 February 2011
SocialTech Grows Up—Relationship the Foundation of Business Success—Digital Clodhoppers Become Sore Thumbs
2011 will mark a turning point in the adoption of digital social technologies because the experimentation phase is drawing to a close, and stakeholder expectations are increasing. Organizations and people will no longer gain attention by executing badly. At the enterprise level, participation will wane in venues and initiatives that have no business strategy, focus, content strategy and commitment. Paying inexperienced people or agencies to “share” snappy content will expose brands as digital clodhoppers and push customers away. Individuals will also have to improve their game and focus on the most relevant people in their networks. Stop sending default invitations on LinkedIn. Proactively support people whom you respect and trust the most. The theme is determining and executing on strategy, focus and commitment.
In 2011, the bar to attract and hold attention will be higher, which will present organizations with a new threat: when participation falls, some executives will conclude that “social media” was only hype anyway, and they will curtail investments. This reaction will create opportunity for people who understand what works and why. At the same time, stakeholders are more savvy and responsive when you show sincere interest in them, which will result in stronger relationships and business results when your interactions are based on a sound strategy.
Continue reading Web 3.0 and Social Business—2011 Predictions & Recommendations
30 January 2011
Editor’s Choice of the Global Human Capital Journal—The Best Strategy, Tactics, Case Studies and Insights of 2010
Compared to its progenitors 2009 and 2008, 2010 was a relatively calm year because the amplitude of market gyrations was clearly less, and businesses began to find a new floor on which to build stakeholder expectations. Although I watched with high interest the unfolding drama in Europe, I didn’t have the time to conduct the research necessary to do a rigorous interpretation. I did publish a reflection in January, which is not included in this year in review. However, 2010 marked a major turning point in the adoption of social technologies: the recognition that analysis and strategy were necessary to achieve consistent results with social initiatives.
2010 Macro trends
Social has been in adolescence up through 2009-2010 in which “being on Facebook” was an end in itself, agencies produced vapid content and little interaction happened because people won’t interact when brands are talking at them and not listening. People feel it when a brand is interested in using social tools to promote itself (I call this “social media”). They also feel it when a brand is interested in building relationship, which is marked by active listening and responding, along with a relative absence of self-promotion. Brands that build relationship know that they don’t have to promote themselves if they are truly interested in people: people will promote them. However, this approach is future state for most companies.
Continue reading Year In Review—2010/Initial Glimmers of Social Business
7 February 2010
Fresh Insights from Enterprise Social Business Executives and Practitioners
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The adoption of Web 2.0 and social networking accelerated significantly in 2009, and it shows no sign of stopping. Global digital word of mouth is disrupting growing swaths of business models, and CEOs want to understand its opportunities and threats. Although the Web is resplendent with prognostications from social media gurus, the voices of enterprise practitioners are too scarcely heard.
Therefore, the Global Human Capital Journal is pleased to present perspectives from highly experienced executives who share their thoughts on how Web 2.0 is changing their businesses and mindsets. Moreover, they share its limitations and problems. Keep in mind that each contributor wrote independently, and I have made no attempt to unify the view, although I will offer my analysis and conclusions as well as the intriguing backstory below. Here is a sampling of the group’s eclectic insights:
Continue reading 17 Enterprise Visionaries Release 2010 Predictions for Social Networks, Web 2.0
6 January 2010
How Mass Collaboration Is Transforming Company and Culture—Mining Disruption’s Silver Lining
“We are flying into some turbulence, so please return to your seats and keep your seatbelts fastened while we try to find more favorable winds.”
As chronicled in the just-published Decade in Review 2000-2009, the twenty-first century is proving to be volatile and disruptive in every way, and 2010 will continue the trend. Three disruptive forces are converging: the relative value of the Industrial Economy continues to fall as overproduction reigns. Globalization is replete with extras that people at the head table didn’t order. Most imperceptibly yet poignantly, the emerging Knowledge Economy is digitizing communications and changing the economics of knowledge and relationships. Web 2.0 and social networks drive down the cost of communication, which accelerates volatility because when people talk, ideas change and lead to action, and digital conversations happens faster and less expensively. Social networks are rapidly making “the Web” human, thereby attracting an ever-larger portion of all human communications online. In 2009, adoption reached critical mass, ramping strongly among consumers, so many enterprises are following. The Web 1.0 adoption rhythm is very instructive.
Pervasive Web 2.0 also means reexamination or disruption of most areas of life, culture, society, government and business because social networks alter how many and what kind of relationships people have. The impact is similar to Ford’s production line, except it is more powerful: it scales relationships. Large organizations will remain in a profound state of turmoil because they were not built to withstand the volatility these forces are unleashing. Many Fortune 500 companies will be confronted with their survival, and some will not make it. Entire industries will consolidate over the next several years (automotive, airlines, banking, hotels, food, consumer goods…). Web communications mean we consume novelty far more quickly, which curtails product life cycles and leads to ultra-fast commoditization. Companies will require unprecedented innovation to even stay in place. New entrants around the world compete for customers and leverage their lower costs and better innovation processes. And Web 2.0 is still in the early stages of adoption.
This dynamism elevates opportunity and threat for executives and their organizations, so our focus here is to lay out probable milestones for 2010 to assist executives in business strategy and career planning for 2010 and beyond. First, I will lay out predictions, on which I’ll build for my 2010 recommendations. By the way, this follows Year in Review—2009/Social Networking Gains Legs on Heavy Seas and Decade in Review 2000-2009/The Rise of Web 2.0, the New Pervasive Human Space.
31 December 2009
Editor’s Choice of the Global Human Capital Journal—Behind the Curtain—The Best Strategy, Tactics, Case Studies and Insights of 2009
2009 may have been many things, but boring was not among them! To do it justice, I feel like I have to dock the ship, which has been sailing on turbulent seas, frothed with spellbinding sunrises, sharks, dead winds and tempests. Volatility and surprise have certainly been the watchwords among executives I’ve collaborated with this year, and all indications are that we should look for the same in 2010. However, as dramatic as the environment is, it is only the backdrop for the real story: Enterprise social networking has found its legs and is ramping strongly. Although still tentative, social network investments are becoming pervasive due to the exploding adoption among individuals—and the latter’s impact on markets and firms. As I have been writing since 2005, digital social networking represents unprecedented disruption, opportunity and risk, and I saw many of my predictions play out in 2009.
The 2009 Year in Review gives you the chance to come up to speed rapidly or fill in the holes in your understanding. My perspective comes from intense collaboration with exceptional pioneers of enterprise-focused social networking. Many of the articles come from client work and real situations I encountered this year. I have reviewed 2009′s articles, selected the best and wrapped them in a review and analysis to help you realize where we have been, so you can better plan where you want to go in 2010.
So, throw a log on the fire, pour yourself a nice glass, and let’s dive in.
26 December 2009
Inside Human OS—The Roots of Facebook Behavior Revealed by Primate Professor
Digital social networks give their members front row seats in many aspects of human dramas, but few companies or individuals have the understanding of human behavior to appreciate fully what they are seeing. Many executives of commercial and government enterprises perceive “social” behavior as frivolous and discourage employees’ activity in social networks. This exceptional book shows that the Industrial Economy idea of the separation of “work” and “social” is dangerously out of place in the Knowledge Economy, in which collaboration among people produces the lion’s share of business value. To succeed in the Knowledge Economy, leaders need to appreciate the importance of social activity in collaboration and productivity, and how digital social networks can increase productivity. In this review, I will try to do the book justice, but I will also attempt to show how its ideas apply to digital social networks, collaboration and productivity.
To use a technical metaphor, Windows has its DOS, and Mac OS X has its UNIX. In fact, Windows and Mac OS X are just interfaces that come between the core engine (DOS and UNIX) of the computer and the user, so s/he doesn’t have to have technical knowledge to run the machine. However, at critical moments, it can be very advantageous to understand certain aspects of the core operating systems. Since understanding human behavior is critical to success in virtually all human endeavors, it might be useful to understand what I’ll term as “Human OS.” This enthralling book gets way under the covers on “social” network behavior and puts it all into perspective. As such, readers come to appreciate how and why people behave the way they do.
27 November 2009
Ironically Self-contradictory Article Overlooks the Real Purpose of Digital Social Networks
Wednesday, the Wall Street Journal published What Facebook Can’t Give You, which chronicles the growth of the “Wednesday 10,” a professional networking group started in 1957 in Manhattan by William Safire. Established when members were in their 20s, the Wednesday 10 saw many of its members go on to become leading broadcasting executives, investment bankers and real estate moguls, and the point of the headlines is that “old fashioned” offline face to face networking is superior to online social networking.
This is another example of uninformed “criticism” of online social networks because it takes a mutually exclusive attitude toward offline and online social networking, a growing head-in-the-sand response to the disruption that the latter presents. Read on for a short review and discussion of how successful executives in the 21st century will use all modes of social networking to increase competitiveness through authentic relationships.
4 September 2009
Spats on the Road of Transformation—Backlash Right on Schedule
As the Web 2.0 Adoption Curve, 2009-2015 predicts, there will be a significant backlash against social networks during 2009-2010 because the market’s perceived value of social networks is much higher than its skill with the tools, and this will result in inflated expectations and disappointments. Most decision makers are distracted by social networks’ novelty and features, and they overlook the obvious, that social networks offer a quantum leap in productivity for developing and managing relationships.
The MSM (mainstream media) have at best an ambivalent relationship with social networks because the latter weaken their monopoly on influence and mass communications. Consequently, they face a double barrier in understanding social networks’ value proposition: 1) like the rest of the market, they require time to understand how they can best use social networks in meaningful ways and 2) since they perceive social networks as challengers, they are too ready to be dismissive. Executives will be well served to keep this in mind lest they be influenced into rejecting social networks’ promise too hastily.
To illustrate the point, I will comment on Facebook Exodus from the New York Times as an example of self-indulgent journalism that will add to the backlash. Expect a wave of such press in the coming months.
28 April 2009
Evolving State of the Art Calls for Multiple Platform Perspective to Increase Engagement
Specializing in Web 2.0 and social networking since early 2006, I’ve formulated strategy and programs for hundreds of business and government leaders. The main goal of these initiatives has been engaging people in the most appropriate and effective way. Since many of my clients are B2B (business to business, commercial) executives, I have worked extensively with LinkedIn because it has been most relevant for most situations (it still is).
However, I am increasingly seeing cases in which people have accelerated relationships by connecting in multiple platforms, and this is growing in importance in client work. Here I will offer a cursory introduction of this concept and how it can work.
I am also pleased to announce that the Executive’s Guide to Facebook will launch next month. If you are in Chicago, you can attend a special sneak preview on May 4.
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Social Business Resources
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