Tag Archive for: Future

Study: Succession planning – HR Execs don't give best grades for leadership roles…

According to an online study conducted by Right Management, HR and talent management executives give not the best grades for the quality of their own organizations’ leadership pipelines. The poll by Right Management surveyed the 1,262 executives. It found that there are gaps in the leadership areas of most companies in North America. Just 6% of organizations were reported to have future leaders identified for all critical roles.

The Poll Question…
Do you have future leaders identified for critical roles in your organization?
6%: Yes, for all critical roles
17%: Yes, for most but not all critical roles
55%: Yes, for some critical roles
22%: No, not for any critical roles

“We learned that organizations are all over the map when it comes to implementing a coherent leadership development program. (…) A majority of organizations seem to have ‘some’ critical roles covered, but that’s barely reassuring. What’s really striking is that fewer than one in five has no one slated to take over any key positions. And we’re not talking about small companies.” Michael Haid, Senior Vice President, Right Management

Succession planning seems to be growing when executives rated their leadership pipelines, and were asked if there had been any recent change in their organizations’ approach. 57% stated that succession planning had become a higher priority in the past year. 17% replied it was made a lower priority.

“There’s a growing recognition that management succession is no luxury. Board members, executives and business leaders are now openly acknowledging that talent management plans —which include succession management — are absolutely essential for sustained performance in today’s organizations, as talent is now seen as one of the only competitive differentiators left,” (…) “The world is chaotic and unforeseen events can change a company’s situation overnight, so having a depth of leadership talent as well as a genuine plan for all eventualities are more important than ever. In fact, weak bench strength throughout the company can erode employee engagement and reduce overall performance.”

Spot On!
It is reported by Haid that the study shows how the need for succession planning is becoming more evident, but actual succession management strategies and implementation plans are lagging behind. The question stays whether succession planning is not been overseen by “replacement planning” for key roles very often. Scotiabank offers some education with four videos in their Get Growing for Business blog. For me succession planning is all about the challenge of businesses to continously evaluate the USP of their valid business reason to find evidence for their employees. It is the basis to be able to handle the daily business challenges. It is vital for the long term health of your business, brand and product strategy.

What is Social Media? – Famous quotes from the istrategyconference Amsterdam

After the first day of the istrategyconference in Amsterdam, I briefly wanted to share some insights in how Twitter caught some famous quotes about “What is Social Media?”. The people who brought these quotes up in their presentations, or the people that (re-)tweeted those might forgive me if I am not quoting and linking back to every single tweet, or Twitter account where it came form.

Why I am not quoting? Apart from having to listen to Power Point presentations, the challenge for presenters and moderators is to attract the attention of a crowd. And for the audience it is becoming more and more some massive workload to do multitasking, and participating an offline event in a 2.0 manner. A thought I have explored in a German post, and definitely need to translate when I find the time for it.

“Sometimes it makes you mad to listen to speakers and keynotes, write tweets, and respond to mails and Facebook at the same time. Not to mention blogging… How do you handle this?” A question I asked my friends on Facebook today. And I know from studies that multitasking is becoming more difficult the older we get, and that we are only able to do maximum two things at the same time. I don’t know how you see this but participation 2.0 is nearly impossible if you want to be share the way people would love you to do it.

This is just a random collection of different quotes that shows how Social Media was defined at the conference. Maybe you add some more quotes…?!

“Social Media is like sand: you can play with it and have fun but sometimes it gets into your underwear and becomes very annoying.”

“Social Media is like gardening: the real hard work starts after the seeding and planting.”

“Social Media is like … a dance with the right music (content) and partner (fan). It never needs to end!”

“Social Media is like an icecream, it’s delicious, everybody wants it, but it melts if you are too slow.”

“Social Media is like teen sex. Everybody wants to do it. Nobody knows how. When it’s finally done its a surprise it’s not better.”

Spot On!
In the B2B SocialMedia panel, which I had the honor to moderate and talk to Ed Bezooijen (Citrix), Paul Dunay (Networked Insights) and Menno Lijkendijk (Milestone Marketing) I also mentioned a quote that I think is going to be the main challenge for B2B marketers in the future. The relationship of content, distribution and perception which was (and in my eyes still is) the advantage of publishers to other content producers and curators. Publishers have all three of these as main pillars of their business…

“Content = King – Context = Queen – Community = The Empire”

If you see it different, tell me. If you like it, do so. If you want to add something, go ahead…

PS: THX to a great team from istrategyconference in Amsterdam for the good organization and the diner yesterday night.

News Update – Best of the Day

IBM just recently published their study “The State of Marketing 2011”. The study that asked 300 online and direct marketers from different companies, industry sectors and sizes gives some interesting insights.

– Marketers are not only trying to go “measurement, analysis and learning”. The next challenge will be “IT support of marketing needs”.
– Marketers see technology as the key to productivity (let’s bear in mind it is an IBM study).
– Marketers see an integrated marketing solution as the driver of future business. 87% stated interest in a marketing suite that is better integrated.
– Marketers trust in Interactive Marketing. 57% adapt inbound marketing tactics (personalized targeting/messaging) for their Web activities.
– Social Media Marketing stays a challenge. 53% use it currently for their efforts but have to justify their workload with it now.
– Marketers love web data. 92% appreciate the value and importance of Web data. Most of them don’t apply the data to their campaigns though. Just one third thinks they are effective.
– Mobile Marketing is increasing. 43% use it currently for their tactics, 23% planning to start this year.

Craig Hayman, General Manager of Industry Solutions at IBM Software Group, talks in a Forbes interview about IBM’s conclusions from those study findings.

How Social could meet POS? Just look how PepsiCo’s Social Vending System offers full touch screen interactive vending technology, “enabling consumers to better connect with PepsiCo brands right at the point of purchase”. The prototype of the Social Vending System debuted at the National Automatic Merchandising Association’s One Show in Chicago last month. The question is if people really would share their contact details with a machine (humanization of companies?) but the idea is great. Just imagine you could log in with your Twitter account and share with your network how enjoyable it is to have a “Coke” now. I am sure the brands would love you then…

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The next wave of the new Passat commercials also surprises with another nice story (although not as brilliant as the Darth Vader one). If I was a surfer, I would have a closer look at those who are jumping in the sea with their boards with me…

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Is the future of positive social approval changing?

Almost two years ago, I have written about the development on Twitter that positive comments are not rated in a way they should (in my eyes). Those days I asked the question if the RT (Retweet) becomes a killer for the positive blog comment. Many people tapped my shoulder virtually and agreed with my observation.

In some way the RT “button” is similar to Facebook’s LIKE button. It is a given opportunity to automize a process of agreement. And I am asking myself if Facebook’s LIKE button -launched one year ago- has the same “negative influence” on our positive comment on reviews in the future. Although it was meant to give its members an easy way to show approval for products, services, content and thoughts. I am coming back to these thoughts as I stumbled upon an interesting local study.

According to a recent study released by CityGrid Media, conducted by Harris interactive, that did some research on Web properties focused on local merchants, consumers prefer the “Like” button to writing a positive review for a local business. The study polled 1,006 adults in the U.S. over the phone between March 16 and 20.

OK, this is restricted to local only. But do we doubt that there is a difference in the regional and global attitude and behavior of humans? Especially as 52% of respondents said they visited more than two websites before visiting a local business, and Google plus Facebook were the most popular first sites those people accessed.

The study states that 20% of respondents say they show support for local businesses by clicking the “Like” button for that business on Facebook versus 13% who write reviews. The offline way is still the most successful method according to the study. The verbal way of telling a friend was the most popular method (75%). Not surprising as most of the consumers are still more listening than telling.

However this is just a local research, I asking myself if this s a good development, for us, for retailers, for brands and for the Social Web in general. Bearing in mind how much our written reaction on products and services influences our buying behavior, I think, it is not good if only the negative comments get (negative) credits while positive comments and reviews just find the automated, lazy “push a button” credit – no sentiment, no conversational reward, no tapping on the shoulder virtually…

How do you see this development?

News Update – Best of the Day

Is Social Media a sales tool for retailers? A study by Forrester Research and GSI Commerce says Social Media has almost no influence on online purchasing behavior. The survey shows that social media rarely leads directly to purchases online — less than 2% of orders were the result of shoppers coming from a social network. The question is what the ideology of Social Media is for companies… and there are examples like Threadless that can deny such studies. If retailers see it more like listen-to-act approach, pre-selling, sensitising and serving their consumers, then they will be successful in also selling through Social Media.

C-Level is engaging in Social Media! A recent study by Useful Social Media – State of Corporate Social Media 2011 – gives us some compelling charts that describe the trend how the C-Level increasingly gets into Social Media.

Although the European managers are still not completely behind the Social Media vision, the following chart suggests that it won’t be long until European senior C-Levels understand the advantages of Social Media.

How does the future of shopping look like? Mobile will definitely play a massive role for the consumer 2.0, or 3.0?! Where can I get the best bargains? Which company or retailer has the product I want in stock – now and not in 5 days? Sumi Das explores the “ultimate personal shoppers” of tomorrow.

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Study: 70% of Facebook and Twitter Pages from brands don't rank in Google

BrightEdge recently uncovered with a research project that social profiles of most leading brands don’t rank well in Google. Although many companies still invest a lot of their budgets in SEM/SEO activities, most of them forget to increase their social media presence from a search results perspective.

The research reviewed 200 of the world’s top brands for their social media presence. Most of the those brands, nearly 100%, stay on top or near the top ranks for their brand names on the SERP’s. However, a high percentage of 71% did not have their Facebook pages in the top 20 results. For Twitter it showed more or less the same result: 68% of the brands surveyed were not amoungst the top 20 results of the Google SERP’s.

“Brands today are pouring countless resources into social media channels and are creating great content that will help them engage with consumers, optimizing these for SEO purposes is a crucial way to drive exposure. Brands may be missing critical customer connection points if consumers can’t easily discover their social media pages in search.” Jim Yu, CEO, BrightEdge

Interestingly enough, there seems to be no necessary correlation between the number of friends and followers and SERP rankings according to the analysis of various social media pages that the BrightEdge surveyed. For example, the Facebook page of a leading photography brand did not perform in the top 20 search results, although more than 160,000 were fans of their Facebook page. On the other hand, a leading auto manufacturer with only 17,307 fans had a Facebook page that ranked in the top 10 of search results.

The least effective brands at optimizing Social Networking sites are coming from the finance and insurance sector. Only three of the top 43 companies had their Facebook pages rank in the top 20 search results. In comparison, retailers were much more successful: 13 out of the top 23 retailers surveyed were found in the top 20 search results.

Spot On!
Brands could argue it is more important to find your homepage or branded pages for products or services in the top search results. Social Media experts might see this different as some of the main brands invest a lot of their branding activities in the leading Social Media sites at the moment. Especially, under the aspect from last year’s report that some big brands reported to loose their traffic on corporate websites to Facebook, the search impact for brands might become more and more important in the future. Would you agree?

Google Survey: 39% US mobile users take their mobiles to the bathroom

Google published a survey (in partnership with the independant marketing research firm Ipsos OTX) and present insights into how U.S. consumers use their smartphones. A video presents key findings from “The Mobile Movement: Understanding Smartphone Consumers”.

The research, conducted at the end of 2010 among 5,013 US adult smartphone Internet users, was meant to better understand how smartphones are used in consumers’ daily lives and how smartphones have influenced the ways consumers search, shop and respond to mobile advertising.

Some of the key findings of the study don’t show special new insights. However it illustrates that we are not alone anymore in our bathrooms any longer. We are taking our friends, business partners and our social graphs to the bathroom… by using our smartphones like we used to read our newspapers or magazines in the past. Google states that 39% admit to having used their smarthone while going to the bathroom.

Some more findings…
– 93% use smartphones at home
– 81% browse the Internet
– 77% do search for information
– 72% do parallel use of smartphone and other media (over 30% like watching TV)
– 45% use smartphone to manage their daily lives
– 20% would give up their Cable TV for using their smartphone

Obviously, Google wanted to find out how smartphone users access search via their mobiles. And no suprise there as well. Search is the leading website type accessed (77%). It helps consumers access information like News (57%), Dining (51%), Entertainment (49%) , Shopping (47%), Technology (32%), Travel (31%), Finance (26%) and Automotive (17%).

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Spot On!
Interesting from a marketer’s perspective is that the report actually finds that mobile advertising is engaging. The research states that after seeing an ad (on print, online or mobile) 71% of users search on their smartphones. A remarkable 82% of users notice mobile ads, and of those 49% purchase (!), 42% click on it, 35% access the website, 27% contact the business. This shows the new power of mobile marketing for companies and that marketers should have a close look at mobile marketing opportunities in the future.

PS: And if 39% of people use their iPhones in the bathroom, I don’t want to know how many use their iPads to read the latest news or watch a video, and how this increases the average “bathroom staying time”…

News Update – Best of the Day

Leadership was, is and will be the most challenging sauce for successful of the future. Have you ever thought what the perfect ingredients of a great leader are? Sarah Robinson has asked her followers on Twitter and created a nice summary. It inclu four priorities in various answers: integrity, inspiration, intelligence and the right portion of initiative. Maybe you have some more?

How does Twitter make money? And is the predicted revenue of 250 Mio. USD realistic? Are their products Promoted Tweets, Promoted Accounts and Promoted Trends a great product line for the future. Harry Gold discusses on Clickz the products and how Twitter makes money.

How can you get crowd-sourced websites stay agile and creative? Ben Huh, CEO of Cheezburger Network, explains how his company tries to identify future potential for growth on communities and websites. He also how he sees a benefit if the core audience shed in favor of a broader target-group. And he talks about the importance of failure. “Failure is not part of a dead end but as a part of a process. Damaging is “if you don’t learn from a mistake or if you don’t take a risk.” Ben sees this as a much bigger problem than failure.

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Some Easter Fun…

I am wishing you all a great Easter! Today, we just want to share some fun. And as you will have some time to think about life, here is something to think about…

Think about the new ROI metrics in the future. And we better rethink if we don’t spend more time with our real friends over Easter…

Why spend time with your real friends? To tell them the true story of the Easter rabbit

…or to remember how nice love could be (if you are not the husband)…

News Update – Best of the Day

Some day sago, I have written about the changing atmosphere since social media monitoring companies are moving into the CRM sector. Andrew Hunt discusses the issue if “Sales is killing Social Media?” and explains how B2B sales is changing from both sides: Customer are at least “spectators” according to a Forrester study. The question is when companies are changing their sales process to a “listen and engage” model for the old “speak and push” format, where he refers to an interesting insight from OgilvyOne about the future of selling.

A recent Penn State research claims that updates on Twitter, Facebook, LinkedIn and other real-time content sites could be worth more than 30 million USD a day, or nearly 10.9 billion dollars a year, to advertisers. The study was based on separating duplicate searches from unique search terms. Then, the research determined the value of the real-time search terms by using Google Adwords Traffic Estimator.

Start the day with a smile and don’t invest in the wrong portfolio… Nice commercial from Invesco.

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