Bookmark and Share

yoyo

The hype surrounding Social Media is dying down while the new shiny object everybody talks about is Social Business.

Just google the term and you get a million different definitions, descriptions and explanations. Add a layer of technology and you create massive confusion.

This is an attempt to make it very basic for anybody to understand, without acronyms or convoluted explanations.

1. Since brands were created, there were always two conversations: internal conversations (”I”) and external conversations (”E”). The internal conversation represents any form of communication that occurs within the company and the majority of the stakeholders (suppliers, dealers, vendors, etc.). The external conversation represents any conversation between customers, prospects and people that are tangentially interested in your brand.

2. What separates the external and internal conversation used to be a massive wall (”W”). Emerging and social technologies have poked holes in this wall. Some of the corporate walls have come down almost completely, others are still sturdy, constantly in repair. The state of the wall depends on cultural, technical and organizational factors.

3. In a perfect world, you want “I” and “E” to be as much in sync as possible. Nike is an example: The employees think their brand is cool, delivers awesome products, and so do their customers.

4. When “I” and “E” are not in sync, that’s when a brand is in deep trouble. When “I” says Product A is the best thing in the world, while “E” complains about the same product, you have a problem at hand. It’s hard to sell a bad product with good advertising. The same is true when the internal conversation (traditional US airlines are a good example) is full of negativity, the advertising is filled with unicorns and the plane occupied by extremely unhappy customers.

5. How can you sync up all these conversations? That’s where Social Business comes in.

6. Social Business pokes massive holes in the wall (”W”), with the ultimate goal to eliminate the wall altogether or provide as many openings as possible. When two unsynched conversations happen at the same, they are likely to get more out of sync over time. To adjust and sync both conversations, you have to make it easy for “I” to engage with “E”, and vice versa.

7. Ultimately, Social Business is about subverting and re-aligning hierarchies. We heard so many times that the customers are in control. To have a fruitful conversation, customers and companies have to be in control. Companies want to avoid a Twitterstorm or other social/main media/PR disasters and customers want to be able to have some control over the relationship. These control mechanisms are different for every company and service model.

8. Getting started in Social Business is not about technologies or social platforms. It’s about aligning conversations to help customers to get what they want and businesses to prosper in a social ecosystem.

Was that helpful?

How to build a lasting brand

Bookmark and Share

80962a25ce0e002cdc33cfda1f7d0d2f4138053d_m

“Because the soul has such deep roots in personal and social life and its values run so contrary to modern concerns, caring for the soul may well turn out to be a radical act, a challenge to accepted norms.” – Thomas Moore

Thomas Moore’s word aren’t just true for people, they’re also true for building lasting brands. For a brand to stand the tests of time, it has to have deep roots that help it stay true and valuable over time. Real relationships are built on a foundation of trust. People can change their hair color, their taste, their outfit, yes, even their facial hair – as long as you stay true to who you are and what you stand for, people will continue to trust you. Brands can change their logo, their marketing tactics, their advertising to adjust to the the changing times – as long as they stay true to who they are and what they stand for, people will continue to trust them.

The changing exterior is merely an adjustment to changing tastes, the interior core stays the same.

There are many brands out there that lost their way. They try to adjust to changing customer behavior, changing retail environment, ultimately, a changing world. Just like a cat chasing its own tail, they’ll never get anywhere. Instead, they should go back into the history of their company and discover what they stood for when they first started. I guarantee you, there will be diamonds in the rough they can polish and bring to life in an appropriate way for today’s culture.

As the economy muddles along and technology astonishes us each and every day to find new ways to communicate with people, it will become more and more tempting to chase things that take us away from our roots. We have to do everything we can to not let that happen. It’s important to always look at the core principles – the roots – of your brand to help guide the way.

CEOs should be brand managers

Bookmark and Share

b4e6911bffdc42c12a195282f5bc065c416b5b1d_m

How many times did we hear outcry about tenure of CMOs? It’s somewhere between 12 and 24 months. In short: pathetically short. There are groups on various social networks where CMOs talk with each other and share information. I joined a few of them and was saddened by the content: a lot of echo chamber jargon, opinions and little substance. Anyone existing outside the marketing community wouldn’t understand a word.

There’s a lot of junk and cheap talk, nothing relating brand status to financial consequences. Anybody involved in the marketing and advertising world is responsible to nail down some factual benchmarks that smart business people understand. Many of the reports marketers produce are just fluff and hot air (Unaided brand awareness, anyone? Facebook likes. Do I have to continue? Thanks.) At my first agency job, we commissioned a client satisfaction survey each quarter. It gave us information agency staff couldn’t get internally. We used it as a way of giving the agency goals and every six months executives presented the results. It removed all opinion by giving us measures we needed to address. We tried to manage the agency brand through the eyes of our clients. The outcomes were fabulous when it came to retention, organic growth and new business.

The curse of marketing is jargon combined with unquantified opinion

That’s the real cause so many people in marketing and advertising believe to be visionaries and almost nobody is. When they lead the way, they might lead us to nowhere. Or Second Life. Let’s face it: most of us are challenged in the vision department. However, we all talk like Steve Jobs and Seth Godin. They communicated substance, most of us hot air.

Now, there are some real visionaries in this business. People that know the past, understand the present and learned from both to look at the future. The problem for agencies and clients is to work out who is the person with the jargon and glossary, and who is the one that is thinking and talking intelligently.

Any new client needs to agree on a form of measurement to track performance. Most brands still  don’t want to invest in the most elementary tracking. They rather focus on listening and defensive tactics, rather than understanding the real perception of their business and brand. Some brands spend millions of dollars on media but they don’t bother to spend 0.5% of their marketing budget on tracking important KPIs. “Let’s do that next year.”

CEOs should be brand managers

CEOs should ask for this data on a monthly basis. In terms of brand management at the top of any organization, the CEO cannot rely upon the input internally as it has a vested interest in all things  being pink unicorns. CEOs need some form of external intelligence communicating honestly how his brand is doing in the real world. Good intelligence gives the CEO the time to adjust the business. When he has to fire the CMO to correct strategy, it’s too late. The horse has already left the barn.

You need to get the fundamentals right

Bookmark and Share

tumblr_l3kbybkQDT1qzx2p7o1_500

My daughter is in an interesting phase: She can read but she can’t comprehend fully what she’s reading. A picture book with a few sentences per page is perfect for her developmental stage. No, she wants to read a chapter book without any pictures. She proclaims proudly: “I’m on page 55.” When I ask her about the content, the answer is very sparse.

When she gets her homework, she wants to get it done in a few seconds: “Easy peesy, lemon squeezy.” Once I note a mistake, she freaks out and never wants to touch any homework again.

Typical behavior for brands in the emerging marketing space

Many brands have not yet fully deployed all basic digital marketing tools. Instead of focusing on getting the fundamentals right, they rather develop a comprehensive Social Marketing strategy.

Others have deserted Facebook/Twitter/YouTube presences. Why bother improving these important platforms for their brand? Let’s just start a Google+ page.

The fancy commercial not matching the dirty store layout.

The radio spot not matching the horrendous attitude of your employees.

The list is endless.

We should strive for innovation and amazing ideas.

First, we need to clean-up the store.

Change the attitude of employees.

Get the fundamentals of marketing right.

Get the fundamentals of the business right.

Then, and only then, should you consider the newest platform aka toy.

Enhanced by Zemanta

You need to get the fundamentals right

Bookmark and Share

tumblr_l3kbybkQDT1qzx2p7o1_500

My daughter is in an interesting phase: She can read but she can’t comprehend fully what she’s reading. A picture book with a few sentences per page is perfect for her developmental stage. No, she wants to read a chapter book without any pictures. She proclaims proudly: “I’m on page 55.” When I ask her about the content, the answer is very sparse. When she gets her homework, she wants to get it done in a few seconds: “Easy peesy, lemon squeezy.” Once I note a mistake, she freaks out and never wants to touch any homework again.

Typical behavior for brands in the emerging marketing space

Many brands have not yet fully deployed all basic digital marketing tools. Instead of focusing on getting the fundamentals right, they rather develop a comprehensive Social Marketing strategy.

Others have deserted Facebook/Twitter/YouTube presences. Why bother improving these important platforms for their brand? Let’s just start a Pinterest page.

The fancy commercial not matching the dirty store layout.

The radio spot not matching the horrendous attitude of your employees.

The list is endless.

We should strive for innovation and amazing ideas

First, we need to clean-up the store.

Change the attitude of employees.

Get the fundamentals of marketing right.

Get the fundamentals of the business right.

Then, and only then, should you consider the newest platform aka toy.