The Social CEO – Study offers insight in Top 50 companies

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A new study “Socializing Your CEO: From (Un)Social to Social” by Weber Shandwick found out the majority of CEOs from the world’s largest companies —64%— are not social. The definition of “not social” means that the world’s top 50 companies are not engaging online with external stakeholders. It shows us that most of them are not doing publicly visible communications activities.

93% of CEOs in the world’s top 50 companies communicated externally in traditional fashion. These CEOs were quoted in the major global news and business publications and 40% follow the tactic to participate in speaking engagements to an external, non-investor, audience.

“Strong evidence exists that CEOs are not silent in these turbulent times. They are extensively quoted in the business press, frequently deliver keynote speeches at conferences and participate in business school forums. But when it comes to digital engagement externally, CEOs are not yet fully socialized, often with good reason.” (…) “As we continue to track the rise of the Social CEO and chief executives become more comfortable with the new media, we expect that this will change and change fast.” Leslie Gaines-Ross, Chief Reputation Strategist, Weber Shandwick

The key research findings of a Social CEO were…

– Social CEOs lead companies with higher reputational status. Most admired company CEOs in the study had greater online visibility profiles than less admired company CEOs (41% vs. 28%).
– Social CEOs are multi-channel users when they engage online. 72% used more than one channel (on average 1.8 channels).
– 60% of Social CEOs were American-based companies, 12% were EMEA-based.

“There are several reasons why CEOs are not more Social. Time is better spent with customers and employees, their reputations are at an all-time low among the general public, the return on investment has not yet been proven, legal counsel tends to caution against it and anything that smacks of ‘celebrity CEO’ is a no-win. (…) In this increasingly digital age, CEOs should embrace the value of connectivity with customers, talent and other important stakeholders online. With 1.96 billion Internet users around the world, CEOs should be where people are watching, reading, chatting and listening,” said Gaines-Ross.

Spot On!
In their study Weber Shandwick recommends “six rules of the road” for CEOs to enhance their social reputation and interactivity.
1. Identify best online practices of your peers and best-in-class social CEO communicators. Then establish and stretch your own comfort zone.
2. Start with the fundamentals (e.g., online videos or photos). Inventory and aggregate existing executive communications for repurposing online.
3. Simulate or test-drive social media participation. Understand what you’re getting into before you go live. Start internally although recognize that internal employee communications spreads externally seamlessly.
4. Decide upfront how much time you can commit to being Social. It can range from once a week to once a month to once a quarter or less often. Be your own best judge of what feels right.
5. Craft a narrative that captures the attention of audiences that matter and humanizes your company’s reputation.
6. Accept the fact that Getting Social needs to be part of your corporate reputation management program. Purposefully manage your social reputation as well as your corporate reputation.

Is customer orientation and focus the strategy for a succesful CEO future, or the social approach gaining reputation? Are there other rules you would recommend? How about the efficiency topic – gaining or losing time and productivity? Either way, let us know…

News Update – Best of the Day

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A recent international survey of 2,200 mothers shows 81% of children under the age of two currently have some form of online presence — ranging from photos uploaded and shared by their parents, to a full-fledged profile on a social networking site, writes Mashable.

What is the futre of social networking? Everyone would like to know that. Social networking technology becomes more advanced and increased online activity makes more robust data sets available. Social networks are changing the way we interact, yes. But what does that mean and offer to people from a strategic point of view. Greg Satell shares his interresting insights.

Sometimes I don’t know whether commercials are creative or not. Make up your own mind about this Japanese blood pressure ad.

The way to the real-time future of marketing mix

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When you hear the term “marketing mix”, what do you think…? Pause! Think… Pause!

Does that sound familiar to you? For some of you it might. To others it blurs as they follow the hypes as new marketing topics that are shouting at them. Or did you listen to their silent tones? Isn’t it better to varify and understand the client before start creating a new marketing-mix.

Watching the latest videos on your Youtube channel, talking to “friends” on Facebook or following the latest conversations on Twitter is one thing. Drawing conclusions out of these conversations on the social web world is another. And taking actions like evaluating adwords versus email versus social network marketing or blogs versus micro-blogs) for your marketing mix afterwards is a third step.

Conclusions might also be that marketers realize that B2B people still read print preferably to online or love real face-to-face conversations. They might find out that these business decision makers think twice before they engage in conversations. Reasons might be social media guidelines or policies. Steps are needed (like social media monitoring) before you start understanding your own marketing mix could pay out (i.e. online and offline focus groups).

Other marketing opportunities have never died although social media still hypes. And there is a reason why the “marketing mix” phrase was created by Neil Borden some years ago. Not only as it is an easy to understand phrase. More as we use it in our daily business as marketers without even noticing anymore. It is in our DNA. It is a necessity. Will it ever be removed? I doubt it…

Isn’t it interesting that we never had something like “The ultimate approach to market your products and services”?

Obviously, there is none. In over 50 years nobody found one. Why that is? Well, the world is driven by human beings and their attitudes to become familiar and aware of new things is a dynamic process. Some people adapt quick, other slower. They prefer to get informed via paper. Some like online (via publisher platforms, social networks or blogs). Some still stay offline (as they are often on planes or trains). Others record TV news programs and watch them on-demand with their iPads. And then others use mobile readers or apps to stay up to date with their favorite brands.

Seeing the social hypes in our business world from an outside perspective, I sometimes get the feeling that marketers have to refocus on where users are in their “adaption of technology evolution”. And not invest all their money in one horse race. Or to use another business anology from a tactical HR point of view: Never let the whole sales team be on the same flight.

Where is the difference in marketing?
Is there one? If all your marketing budget goes on airport billboards and then an oil crisis comes up, the invest equals zero in terms of earn out. Or if you buy just one ad in a service provider catalogue on the web but the world uses Google and cannot find the provider in the first ten results, the budget might be wasted.

Some companies think investing in Twitter or Facebook saves their brands awareness in the future but forget that these sites go down once in a while. And then the data is gone or not accessible. Lucky are those who can be approached from other access points then – be it via a phone call (at most companies I am searching hours for a phone number), at an event promoted with social media maybe, at their corporate website, or the self-hosted community that is not on the popular social networks.

The cocktail of having different access points available, and those interacting with each other, is the marketing mix of the future. Although they might have a single target or focus the are aiming at, the marketing mix should be aligned to one common strategy: Engage the client.

Spot on!
As we are automizing our marketing more and more, we always have to keep an eye open which tools and trends are coming up. As technology evolves quite quickly, human beings tend to forget that they need to adapt their marketing mix accordingly. Having said that it does not mean they have to switch their marketing mix approach immediately. Watch out for the tipping point when your power buyers, your brand vangelists, start using different technology. This is the time when the “adaption of technology evolution” happens…

Just a reminder… – The web is people

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Sometimes you come across videos that people don’t know, need to watch and need to LISTEN to. Although this has quite a past already, Jay Rosen of New York University and PressThink still gives the right approach for business decision makers -no matter if B2B or B2C- to understand what the web is…

“The Web is people. That’s what the web is. (…) The web is people connected by computers.” He describes the origins of the World Wide Web. This excerpt was taken from a Carnegie Council panel on April 3, 2008. In my eyes you don’t even have to see the full video, audio, and report. Just watch these minutes and there is enough to think about…

Infographic by InsideView: Social Media – Facts & Figures

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It is probably one of the best visuals created on facts and figures around the social web. InsideView put many stats together in one picture such as…

– history of social networks (missing Plaxo though which made me aware of the social networks phenomenon 13 years ago, apart from the leading Asian networks like Tencent/QQ)
– social profiles of the Global Fortune 100
– the world’s most popular brands and their social appearance
– social media reach and usage by country
– the leading B2B social media platforms

Quality or quantity – What counts on "viral" campaigns?

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The world is all about business cards. Business cards reflect the contacts that your business is reaching out for. Half a year ago, Samsung found the master of business card throwing and hired him for their new campaign. They filmed his fantastic capabilities with their (new) Samsung Digital Camcorder H205.

In the meanwhile, the video got up to 2,5 Mio views, more than 10.000 ratings, up to 2.500 comments and is number 10 favorite video in Great Britain and Northern Ireland. Other interesting stats can be found here. Watch the video again…

Spot On!
Many marketers ask me if such videos -which were widely spread- are successful in my eyes when I see the numbers. This makes me think if campaigns are still valued as of their quantity reach (popularity, clicks, views), not their quality reach (conversational, social and demographic insights). A conversation that is ongoing and best reflected in this study about social media influencers. In my eyes this campaign is definitely more succesful as it gives many insights in new markets, potential client interest, contacts for opportunities and especially tells us which and how countries are using Youtube.

In your eyes, what would you answer refering to this campaign? Would you say this is successful, or not? Curious what you are thinking…

News Update – Best of the Day

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The new report Social Media and Online PR Report 2010 by Econsultancy and bigmouthmedia shows that 95% of companies have tried Social Media and 40% didn’t really get it. The main findings on tactical use can be taked in this picture…: Facebook. Twitter an Youtube rule.

Marketers and PR people often ask what are the mian pitfalls in B2B blogging. Jeremy Victor has put together a 10-point list which I do fully support…

In the morning I was talking of the revival of the print ad if used with social or mobile elements. AXA insurance just brought it to life the idea with the ned of an iPhone.

Nielsen study: iPad users open for ads

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When the the iPad certainly was introduced by Apple’s CEO Steve Jobs it was said to be “a truly magical and revolutionary product.” This week I have bought an iPad myself and have tried to understand what the tablet is capable as a mobile business device. I cannot really say it failed. And a new study by Nielsen asking 5.000 mobile users shows us how the iPad is delivering businesses from the perspective of a new ad platform.

The Nielsen findings from their new “Connected Devices Playbook” suggest that the iPad owners are more open and responsive to advertising than mobile users of other devices – even those of the iPhone. The study shows that iPad users are more likely to buy products after being introduced to ads. And 60% of the respondents of users across the iPad, iPhone and all other connected devices responded they were “OK with advertising if it means I can access content for free.”

The magic formula for making ads for iPad users effective are interactive features: 45% of iPad owners said they were more likely to click on ads that included multimedia than 26% of iPhone subscribers and 27% of other connected device owners. Isn’t this perfect news for the launch of Apple’s iAd platform?

What makes marketers even more happy is that iPad users indicate that they buy a product via their mobile device because of an ad. 24% of iPad users made an in-store purchase compared to 10% of those who use other devices. It seems that the iPad and other mobile devices might offer a helping hand as a revenue driver to all retailers or shop-owners. Nevertheless, we might ask the question whether this is as of the new product and the hype around it, or if this will last in the future. The final question could be how Apple will change their single app sales strategy to make the use of the iPad more cost-friendly for users.

So, who is the typical iPad user? The Nielsen study says they tend to be younger and more male than users of other devices like users of the Acer Aspire One, the Kindle, the iPhone, iPod touch or the Sony PlayStation Portable. 65% of iPad users were male and under the age of 35.

Spot On!
Sometimes it is funny when you read these studies and remember your own shopping experience. Some weeks ago, when the iPad was not even available I remember a 45 year old posh women rushing into the Apple shop. She did not even realize that the sales guy next to me was explaining the benefits of an iPad to me. She just asked when the iPad will be available, got her answer and rushed out with the same urgency she came in. The sales guy was shaking his head that day, saying some of our clients are weird. When you think about how eager she was to buy the product, I can understand that advertising is still effective… not only on an iPad.

News Update – Best of the Day

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What are good case studies for viral productions? A question, I get asked quite frequently. Please find the link to a selection by AdAge which I would also recommend.

The recruiting business will have changed in 2020. Job Boards have to improve their services and social media could be one solution for it. HR managers should be looking at this list of 10 excellent innovations.

Managers think about how to use LinkedIn effectively. This video gives some advice by Mark Perl and Louis Gray on how to leverage social marketing and networking with LinkedIn.

Social Media study on digital natives released by Volkswagen and MTV

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The new international study “MePublic – A Global Study on Social Media Youth” by Volkswagen and MTV Networks presents some interesting insight into media use and value ethics in the group of 14-to 29-year-olds (digital natives). No surprise that they will respond to one of the findings: Young people want to see networking apps extend to the car… and Volkswagen already works on that app.

“With just under 500,000 fans on Facebook and over ten million visitors on YouTube since the company profile was set up at the end of 2008, Volkswagen already has one of the largest fan communities in the automotive industry. And together with our fans we are breaking new ground in the social web – as confirmed by the recent “App my Ride” competition where we gave prizes to the best developments for applications in car infotainment systems.” Luca de Meo, Group Marketing Head, Volkswagen AG.

The findings show the intensive use of new media and their commitment to brands by digital natives…
– 58% spend time on social networks on a daily basis
– 50% follow product recommendations in social networks
– 43% post their favorite brands on the social web

And the digital natives are well equipped to have best possible access to the new media.
– 94% have a mobile phone
– 92% have a TV set
– 75% an MP3 player

Obviously, there a country-specific differences as the “MePublic” the study lays open. In Japan 40% of the young people primarily use mobile access to their social network which already can be compared with some outlook on the mobile future. 57% of US digital natives use online sources prior to buying a car. In Japan it is only 38% as the young people tend to seek advice direct from the dealer.

The study “MePublic” states six user types based on criteria such as frequency of use, motivation and goal. Amongst those the characters for a “pro-social” world are i.e…
– Mediacs: most active and demanding, technically literate, strongly committed, always looking for something new
– Crewsers: social networks = place to meet up with friends
– Funatics: spectators = like to observe, but are not very active themselves

Spot On!
Generally speaking, the study shows that social networks have been added to digital natives perception of mobility. They want to be available when the are driving. When 60% of the 14-to 29-year-olds are convinced that the significance of mobile social networks will increase over the coming years, it speaks a clear language. If you fear the digital natives are “tweeting and driving”, Volkswagen takes the fear of you: “The driver’s safety remains the top priority.” This nice PR message comes along with the ambitious word about their next iPhone app called “Dieter App”. “The planned application assumes the role of the co-pilot and loyal companion and is in line with the wish for a personalized vehicle expressed by the young people”.

Is this a new approach to humanize a brand perception? Installation of apps that appear like human charaters? What do you think about the study findings?