relationship economics

 
October 27th, 2011

Come hear Return on Impact Insights at ASAE Tech Conference

ASAE is hosting its Annual Tech Conference, December 6-8, at the Washington Convention Center in Washington, DC. CEOs, CTOs, CIOs, other technology staff, and marketing and membership professionals will learn how to leverage mobile and digital content for their organizations.

Here are some of the 50+ topics on the agenda: how to create a profitable mobile application, how to handle challenges with an online community, how to develop a user’s experience using a cloud strategy, and how to use Google Analytics.  The three-day technology conference starts with a keynote from AAIM’s CEO John Mancini. He will discuss the social (So), local (Lo) and mobile (Mo) and the implications of “SoLoMo” as well as tactics CIOs should adopt to be “business value producers.”

On Wednesday, December 7, I’ll do a luncheon keynote on the quantifiable business impact of social.  I also hope to challenge the attendees to rethink their strategic use of social tools and context in order to achieve social market leadership. I’m really excited about my forthcoming book published by ASAE’s Association Management Press, Return on IMPACT: Leadership Strategies for the Age of Connected Relationships.

Closing General Session speaker will be David Weinberger, senior researcher at Harvard University’s Berkman Center for the Internet and Society, who will address the future vision of knowledge in a connected world and how government, business, science and education are learning to utilize network knowledge to make smarter decisions.

To register or find out more information, please visit ASAE’s Annual Technology Conference and Expo website.

By the way, ASAE is a membership organization of more than 22,000 association executives and industry partners representing more than 11,000 organizations. Its members manage leading trade associations, individual membership societies and voluntary organizations across the United States and in nearly 50 countries around the world. With support of the ASAE Foundation, a separate nonprofit entity, ASAE is the premier source of learning, knowledge and future-oriented research for the association and nonprofit profession, and provides resources, education, ideas and advocacy to enhance the power and performance of the association and nonprofit community. For more information about ASAE, visit www.asaecenter.org.

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August 24th, 2011

Beyond Influencers to the Influenced

One of the best approaches to spreading a viral change campaign is to court key influencers. But recent research also conforms that the influenced may be as critical as the influencers. A recent study found that trying to track down key influencers – people who have extremely large social networks – can in some ways limit a campaign and its viral potential. Change agents instead need to realize that the majority of their audience, not just the well-connected few, is eager and willing to pass along well-designed and relevant messages.
 
Science News Online reports on related topical research by two social network theorists, Duncan J. Watts of Columbia University and Peter Sheridan Dodds of the University of Vermont in Burlington. These researchers tested the conventional wisdom that experts on a subject matter who love to talk can persuade dozens of others to adopt their opinions. If this were true, an excellent communication strategy would be to find those few critical people, convince them of the value of your change campaign, and leave it to them to persuade others.
 
Though this theory sounds good, it shouldn’t be your only approach. The researchers compared how far an idea would spread depending on whether it started with a random individual or with an influential individual who was connected to a lot of other individuals. They found that highly influential individuals usually spread ideas more widely, but not that much more widely. More important than the influencers, the researchers found, were the influenced. Once an idea spread to a critical mass of easily influenced individuals, it quickly took hold and continued to spread to other easily influenced individuals. Read the rest of this entry »
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August 23rd, 2011

Five More Questions to Start a Conversation about Social Media in Your Organization

Are you wanting to start an enterprise level conversation about implementing Social Alignment in your company but are not sure where to start? Here are five more questions have been devised to help start a dialogue in your organization:

 1.    How do we describe our corporate culture? Do you or your employees have a clear idea of your culture? It will come out, so be prepared. If your management team is more paranoid than North Korea, don’t expect to see a rosy picture put forth to potential customers. Corporate culture is one area that definitely shows up on social media.

 2.    What is the line between personal and professional branding? If an employee posts information concerning their company on their personal page, who owns the content?  Can we influence what someone posts in his or her spare time about himself or herself? The short answer is that if they share with the world that they are an employee of the company, then they are responsible to the company for protecting the brand.

 3.    What do we want the world to know about us as a company? Our employees are ambassadors for our company, for better or worse. For many prospective buyers, their first point of introduction may be through the social interactions of an employee, whether professional or personal. If we don’t have a clear message, what do you think will happen in the market?

 4.    What are our expectations around professionalism for our employees? If you have a dress code, code of conduct, etc., then it would be logical to have a more restrictive code for social media conduct. If you have loose expectations around how employees are expected to engage, then you probably don’t expect to have a corporate image projected from your employees.

 5.    Who owns the relationship / account? If your junior account team person connects to one of your customer’s employees, what happens when that employee leaves your company? Who owns the customer when a sales rep leaves who is directly connected to the customer on LinkedIn? How about when they have built their pipeline over social media? What happens when your customer service people build a following on Twitter with a personally branded account? What if your employee starts an account on behalf of the company?

 Certainly not easy questions – but then again, social media is a disruptive force which we believe will evolve many industries.


Interested in learning more? Be sure to take advantage of the additional resources Relationship Economics has to offer:

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August 22nd, 2011

Five Questions to Start a Conversation about Social Media in Your Organization

Are you wanting to start an enterprise level conversation about implementing Social Alignment in your company but are not sure where to start? The following five questions have been devised to help start a dialogue in your organization:

1.    What level of Corporate Transparency do we want to have? It is a spectrum, and you need to figure out how open you really want to be.

 2.    What is our definition of Intellectual Property? Your corporate IP is a corporate asset; think copyrights, patents, trademarks; but also corporate proprietary information, customer information, etc.  How do you define what is yours, your employees, your partners, your customers, and what do you share with the market?

 3.    What is the customer’s level of expectation around the customer experience? Do they expect to be engaged? Do they expect real-time feedback and response? Do they expect your people to be empowered to participate in social engagement? Knowing how much will also drive the organization’s view of how you should participate.

 4.    What is our employee’s level of expectation around employee engagement? Do they expect a wide-open policy for everyone? Are there industry regulations regarding participation? How is management participating?

 5.    Are there internal vehicles to vent for employees? Are you giving employees an outlet for voicing feedback? How is morale? Most who say, “I hate… websites” are actually ex-employees. Did you just go through a round of lay-offs? You may want to think about how your employee base will react.


Interested in learning more? Be sure to take advantage of the additional resources Relationship Economics has to offer:

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August 19th, 2011

Enhancing Your Online Return on Influence (Part II)

Social media in many ways is reinventing ROI to return on influence, impact and integration. Whether you use social media to strengthen your brand, drive marketing efficiency, or increase sales, here is the second half of 6 best practices to enhance your online return on influence.

 1.    Know Your Social Media “Why”.  Your off-line and on-line presence must be in-line.  You must understand succinctly why you have a social media presence and how to most effectively utilize it as a platform.   To enhance your online return on influence, it is critical that you develop an online purpose – with both a defensive strategy (to protect your brand), as well as an offensive roadmap (to take your message to the market).

 2.    Invest With Unique Insights.  Some say ROI from social media is a myth.  Let me remind you of the three types of relationship builders; on – or off-line; givers who freely give, takers, who use social media as a personal billboard or a solicitation engine, and investors.  Digital relationship investors understand that the fundamental value in any social forum is the exchange of unique insights.  Although we may never completely agree on a particular topic or process, a healthy dose of dissent fuels the participants’ intellectual horsepower.

 3.    Who Are You Listening To?  Candidly, my first two weeks on Twitter were a complete waste of time.  I saw little value in the mundane exchange of useless information.  Then I quickly learned that Twitter ROI – for me – is heavily derived from following respected colleagues, industry thought leaders, and generally appealing personalities; those who shared insights I otherwise wouldn’t have regular access to.  Particularly if you rely on social media to source industry influencers, it is critical to ask yourself, who are you really listening to?  After all, we are the product of the advice we take.

 What other best practices have you found of particular value?


Interested in learning more? Be sure to take advantage of the additional resources Relationship Economics has to offer:

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August 18th, 2011

Enhancing Your Online Return on Influence (Part I)

Social media in many ways is reinventing ROI to return on influence, impact and integration. Whether you use social media to strengthen your brand, drive marketing efficiency, or increase sales, here is the first half of 6 best practices to enhance your online return on influence.

 1.    Build a Relevant Relationship Bank™.  If you have ever heard me speak, or have had a chance to read Relationship Economics, I describe your portfolio of relationships as your Relationship Bank.  How relevant is your relationship bank to your social media strategy?  The three fundamental attributes in your relationship bank are its’ quality, diversity, and the investment efforts you choose to make.  It is seldom about the number of people you are connected to, but rather the number of interested people in your niche that you develop a relationship with.   

 2.    Toot Your Own Horn.  A mentor often reminds me that “if you don’t toot your own horn, there is no music.”  You must publicize your social media presence, consistently.  Create social links on your website.  Add social links to your email signature, or include them on your business card.  Include social networking profile links along with your forum signature.  Don’t forget to add a professional headshot where appropriate.

 3.    Become an Object of Interest.  Most people will make up their mind to connect with you – or not – in seven to ten seconds, based on your picture (face it, we are all shallow), robust profile, and the most recent one to three status updates.  Keep in mind that people online are browsers, not readers.  It is critical that you keep your status updates poignant, pithy, and of particular interest or value to your target audience.  Ideal if you stick to what you know and can intelligently articulate.  Post updates for the benefit of the consumers of that information, not yourself as the producer of it.

 What other best practices have you found of particular value?


Interested in learning more? Be sure to take advantage of the additional resources Relationship Economics has to offer:

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