Bringing Social Media to the C-Suite

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latest thinking

bringing social media to the c-suite There are few large-scale studies about how enterprises and their executives are using social media and to what effect, but the anecdotal consensus seems to be that you should adopt the tools sooner rather than later.

Ready or not, social media are now considered the sine qua non of communication for innovative enterprises. Companies are using blogs, microblogs (microsharing technologies like Twitter) and social-networking and sharing sites like YouTube (video sharing), Facebook and the more business-oriented LinkedIn to engage more deeply with customers, build their brands and generally get their message out and draw ideas in. Executives are beginning to use these tools to expand their networks, foster professional relationships, share ideas and solve problems. Although many early adopters have been newer, more nimble and more Web-based firms, many larger, more established companies — like Intel, H&R Block, Southwest Airlines, Cisco and Whole Foods — have been right behind them. At this point, most of the principals and senior executives who sing the praises of social media as an individual leadership tool also tend to be from companies indigenous to the social media landscape, such as Zappos.com, Digg, Pitch Engine, Buzzillions.com and Lexblog. But many more are beginning to experiment or at least to wonder whether and how they should be more connected — and to whom. From a purely statistical perspective, social media usage continues to grow. According to Web analytics company Compete.com, Twitter’s meteoric rise reached 23.5 million users in October 2009 and has leveled off since, prompting some negative buzz. But Twitter’s traffic was still up nearly 600% for the year. Also in October, Facebook usage

The economic meltdown has produced a new subset of the population — the “funemployed” — defined by Urban Dictionary as “a person who takes advantage of being out of a job to have the time of their life. I spent all day Tuesday at the pool; funemployment rocks!” Source: LA Times, 2009

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q2.2010

Hal Mayforth

UNEMPLOYED? TRY FUNEMPLOYED!

At least that’s the narrative being promulgated in the age of short adoption cycles and shorter attention spans. And, despite its froth, much of it is true — or at least potentially true. But the question of how these technologies can actually be useful is often conveniently begged by companies and executives in a rush not to be left behind. “Too many times, especially when it comes to social media and technology, businesses flock to the hot new trend or the shiny new object with delusions of grandeur,” says Jason Falls, social media strategist and principal of Social Media LLC. “Two years ago, clients would come to me and say, ‘I want a blog.’ Today, they say, ‘I want a Facebook page,’ or ‘I want a Twitter account.’ My answer has always been the same: Why? Seldom can they answer that question.” So far, most business usage of social media has been at the enterprise level, in marketing, sales, customer service, public relations and internal communications.

the korn/ferry institute


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