Monday, April 26, 2010
A Social Media Savvy CEO?
Key Takeaways:
• None of the Fortune 100 CEOs have a blog.
• Only two CEOs have Twitter accounts.
• No more than 19% of CEO’s have a personal Facebook page
• Just 13 CEO’s have LinkedIn profiles, only 3 having more than 10 connections.
As discussed in class, social media does provide an excellent platform for executives to connect and engage with their company's customers. And a lot of CEO’s are just doing that. A great example of a CEO who has used social media to his company's benefit is Zappos CEO Tony Hsieh, who has over 1.6 million followers on Twitter. Clearly, Zappos (now acquired by Amazon) is not a Fortune 100 company, but it's of respectable size with roughly $1 billion in annual revenue.
The key question that comes to my mind is this: Is it realistic to expect that Fortune 100 CEOs can engage their customers with social media well? Clearly, the CEO’s face a lot of regulatory constraints, which places limits on what they can communicate. In addition, they risk offending customers, partners or the Board of Directors with the added risk of litigation. Another key factor is time. Can a CEO really follow “conventional” wisdom around being social and be willing to tweet four or five 100-character statements a day? That’s a lot of time for a CEO. Even if he or she manages to do it, do consumers really want to connect and engage with the CEOs of these companies? Warren Buffett has less than 31,000 Twitter followers! One of the most revered investors has a miniscule number of followers in comparison to Ashton Kutcher and Britney Spears. So, it's probably safe to say that consumers are not going to be terribly excited to tweet with Vikram Pandit, the CEO of Citigroup or Brian T. Moynihan, CEO of Bank of America. Most likely, all they care is the safety of their money in their bank account.
So, essentially, there are two sides to the story. Social media tools help the CEO to directly meet real customers and employees, without getting filtered by layers of mid management. In a way, it provides a first-hand knowledge gathering and monitoring framework which was unavailable to previous generation of CEO’s and can help them to be in tune with reality. At the same time, a half-hearted approach by CEOs will be easily picked up by customers and can cause incalculable damage to the brand. Social media is increasingly being used by brands in more sophisticated and enlightened ways and the CEO should exude that.
The other side is setting the balance between listening and disseminating. Initially, the CEO would have their CMO’s ghost write a blog to broadcast information, but didn’t pay much attention to comments from customers. That has changed now. Now, it’s more likely to be a two-way interaction and the pace of feedback makes it increasingly personalized. And every CEO will have a learning curve to get this balance right.
In the future, the Board of Directors will factor in “Social media skills” for evaluating potential CEO’s. So, this will have to be part of their arsenal to communicate with the Twitter and Facebook generation.
To quote Glen Hilton, CEO of ImageX media: A colleague asked “Whats your ROI on twitter”. I asked him what his ROI was with our relationship. He got it.
And in a crisis, having this kind of relationship with customers is invaluable. Just ask Akio Toyoda.
Tuesday, April 20, 2010
Aardvark is Terrible
Things I have learned:
1) Site only has 90k users
2) The "experts" are pretty terrible
My question: Who is the most famous HBS professor?
Answer: This is very vague. There are many famous professors, especially the finance faculty.
3) Confused why I can't simply ask a question on my facebook status or twitter and get a response that way.
Thoughts on the site?
Sunday, April 18, 2010
Search: What's the Big Deal?

Our class with Professor Rutz was a second go-around for me, and this time there were 3 key points that I took away:
- There is a value to both paid and unpaid search placement
- We are not the average internet users--while SOM students know "where to look" for organic search, the average internet user still seems to be fooled by paid search placement at the top of the screen
- It's crucial to test your model against a control group decision strategy to make sure that it's a useful tool, not just a pretty spreadsheet
Google's search functionality is losing ground. What's important now and for the future?
- Social search. Facebook has now overtaken Google in terms of page views, and in many cases is now the #1 referrer to any given website. That means we're now discovering branded content via our social graph more often than we're looking for anonymously linked content. This seems to be especially important for long tail content where consumers may not be seeking out the brand by name.
- Real time search. Twitter now serves 19 billion searches per month, more than both Yahoo and Bing (though still woefully short of Google's 88 billion). Where Google's algorithm focuses on linked content (giving particular weight to content that has been around a long time), Twitter turns this on its head and focuses on current content. This seems to be particularly important for brands who are focusing on thought leadership (policy issues, consultants, VC's, celebrities, journalists, etc)
- Push search. Foursquare "pushes" information to users about brands in their immediate area, rather than waiting for users to seek it out. Foursquare also rewards users for seeking out new information/brands. This puts control back in the hands of marketers, and seems to be very useful for consumer goods and local businesses.
How do you search for information?
Monday, April 5, 2010
Cause-Driven Social Media Management
In Social Media Management we’ve talked a lot about leveraging new media to pitch and push products, an angle of marketing I’ve never before had the opportunity to contemplate - there just aren’t all that many professional forest ecologists selling Snuggies, in my field…
I enrolled in the course because I am interested in working in the ENGO (environmental NGO) sphere, and wanted to learn to use the tools and strategy associated with social media and traditional marketing to disseminate ideas, rather than products, and to enroll supporters in causes and institutional missions, rather than purchasing sodas and Snuggie fan clubs. I’ve relished the opportunity to study the product side, however, because it’s so …different from anything I’ve been exposed to before, and has provided me with a diversity of food for thought to mull over as I think about how conservation practitioners can improve upon selling the product that is environmental conservation.
I’ve been having a lot of fun familiarizing myself with the social innovation/entrepreneurship enthusiast communities online this semester, and have built up a robust list of nonprofit and social entrepreneurship twitter feeds to follow, in addition to an already substantial blogroll. This post, “How Nonprofits can Leverage Geolocation Services,’ is a great example of the approach I’m trying to take in thinking about the role of new media in the ENGO sphere. I was particularly interested in the fact that Kanter is thinking about how FourSquare can be put to work for nonprofits, since it’s a question that I expect any nonprofits I begin working for this summer will be seeking to answer, as well.
Meredith
Saturday, February 27, 2010
Digital Footprint
As background, NineSigma is in the innovation brokerage business. A company (the remains anonymous) solicits RFP (request for propsal) for an idea that requires a significant amount of creativity.
By the way, I probably will not apply for this, even though 1 mil per year could pay for a lot of post-docs!
Tuesday, February 23, 2010
Let's Talk Metrics, or What to do with TMI

One of the problems with social media metrics is there's just too much information available. In class today I mentioned a handful of links:
But where do you stop? Which metrics are the most important? Before you start talking strategy, it's helpful to get a lay of the land. We've talked about this as a "social media footprint," and I tend to like that image. You're looking for the digital footprints of a brand, collect enough of them and you can start to see the (social media) path they've chosen for themselves. Here are some of the metrics that made sense for Vocalo.org:
But once you know what you've got, how do you know where to spend your effort and monetary resources? One way is to create an index. Marc Schiller mentioned this. Basically, you want to give concrete values to both your efforts (things you post), and your impact (things other people post). I've worked on two different indicies, one for Facebook, and one for Twitter. It's a much longer report, so just check out page 5-10 for facebook, and pages 23-25 for Twitter.
This was an example across firms in a single industry, you could also think of looking at a single firm across time.
Good luck!
Saturday, February 20, 2010
WhoseTube? (monetizing social media)
Saturday, February 13, 2010
How Social Media Has Changed Us...
In business school, it's all too easy to think of social media as just impacting the world of marketing but its influence runs much deeper than that.
I also strongly agree with the article's strong position against social media critics and their reasoning.
Friday, February 12, 2010
Monday Night Social Media Event at Black Bear
Simple Indulgence - Sporcle
Sporcle is both the best and worst website that I have found on the internet.
I found it by chance when I was looking up Thomas and Friends.
It let me unleash my pent up geography, pop culture, and random knowledge.
But it didn't stop there. It was like the Energizer bunny. It kept going and going and going...
Now I can stay up until 4am each night trying different puzzles.
Sporcle.com <-- try it if you dare!!!
Thursday, February 11, 2010
Chad Ocho Cinco: A Personal Branding Case Study
Marc Schiller, founder of Electric Artists, talks about the proliferation of personalized brands and the evolution of social media. The democratization of information has changed not only the marketing landscape. He referenced the idea of walking into a job interview telling the hiring manager across the desk from you:
“If you hire me, I’m bringing 20,000 people (read: twitter followers) with me. How will you handle that?”
A great example of this is NFL player, Chad Ocho Cinco. In the NFL, players enter into legal employment contracts that teams are authorized to break at any point. This leaves these players at the mercy of their employer with little recourse. So, to look at the current example as a Human Resources case study is more relevant than it seems.
Chad’s last name, Ocho Cinco, is a Spanish translation of 8-5, his uniform number. Known for countless league violations, he was fined during the 2006 season for altering the name on his jersey to read “OCHO CINCO” instead of “JOHNSON,” his legal name at the time. In the offseason, he legally changed his name to Chad Ocho Cinco in order to circumvent the NFL’s policy. Now you can see it in stat sheets, commentators refer to him as Ocho Cinco and his jersey reads the same.
He has always created a spectacle with his charisma and publicity stunts, which he has transitioned into social media. Currently, Chad has a UStream channel with 7,000 followers, a Motorola-sponsored Facebook fan page with over 15,000 followers, nearly 750,000 fans on Twitter under the handle, @OGOchocinco, and his very own iPhone app.
On Twitter, he has been commonly known to invite all of his followers to meetups across the country for a free dinner or a movie. He has also responded directly to fans that reached out while their friend was on his deathbed or just to get a pep talk. To reinforce the point, Motorola sponsored a 1,200-ticket giveaway to a home Bengals game in order to prevent a regional broadcast blackout of the game. He promoted this heavily on Twitter and was able to ensure the game was televised in the Cincinnati area.
What makes this so relevant to Schiller’s point is to look at Chad Ocho Cinco for what he is: an employee of the Cincinatti Bengals, and ultimately the NFL. The NFL established a strict social media policy for all employees and even fired some due to violations. When the Cincinnati Bengals were the main characters on HBO’s original series “Hard Knocks,” Ocho Cinco was temporarily banned from Twitter, UStream, Facebook and any other social media platforms to communicate with his fans.
Most recently, Ocho Cinco partnered with Motorol organized a full-blown media effort to cover the Super Bowl and enlisted other NFL players to join his OCNN press team. His and his team’s presence at Super Bowl media day received just as much, if not more, media coverage than the athletes actually competing in the game.
Sports figures and celebrities are clear prototypes for building a personal brand since it has become standard procedure for them, and Chad Ocho Cinco has mastered the art. The gift and the curse for the Cincinatti Bengals is that this guy has built his personal brand to the point where it is engaging fans at a higher level and undoubtedly increasing the fan loyalty to the NFL. However, as Ocho Cinco walks into the office of a team’s Director of Player Personnel, he can say, “If you hire me, I’m bringing 1 million people. How are you going to handle that?”
If they can continue to effectively manage the risk, then it is an extremely valuable asset. If they can’t, then it could become a toxic liability. For now, there’s only upside because Chad brings the loyalty of a million or more followers to the Bengals’ fan base. If I were a betting man, I’d wager my money that he retires in Cincinnati on that point alone.
Wednesday, February 10, 2010
When Expertise is required
Monday, February 8, 2010
Great example of a successful viral ad and lessons to be learned from it
- Part of a GBP6.2million campaign that began with screenings on the TV and in cinemas
- This grew into a billboard, print media and event sponsorship presence
- The premiere of the ad was shown during the final of Big Brother UK which was watched by some 14% of the British population (we like classy TV in the UK, clearly)
- Like with the Mountain Dew ads, it was broadcast at a major sporting event - it was the final ad shown during the 2007 rugby world cup (which England lost to South Africa...we do not talk about this...)
- It went viral shortly after airing on the TV - the youtube version received 500,000 hits just one week after launch. At the end of 2007 - 4 months in - it had been viewed approximately 6.7 million times
- Over 70 Facebook groups were then set up in tribute to the gorilla character
- A whole host of online parodies followed, only adding to the ad's perception in the minds of the consumer
- It then aired in Canada, Australia, South Africa and New Zealand where the song was occasionally adapted (eg. 'Total Eclipse of the Heart' in Australia) depending, presumably, on the market's affinity for Phil Collins...
- The campaign won a host of ad awards and market research suggested that 20% of the public viewed the brand more favourably following the launch
Sunday, February 7, 2010
Social Media and Cost Cutting ?
Wednesday, February 3, 2010
Tuesday, February 2, 2010
The Mythology of YouTube

If we want to know why (and how) a video goes viral, the top 5 most watched YouTube videos are a potential place to start.
This past year was the first time YouTube took official note of the top 5, so the older lists are a little challenging to reconstruct:
In 2009, (excluding music videos which turn out to have the absolute highest numbers) that's
1. Susan Boyle - Britain's Got Talent (120+ million views, 7:08)
2. David After Dentist (37+ million views, 1:59)
3. JK Wedding Entrance Dance (33+ million views, 5:10)
4. New Moon Movie Trailer (31+ million views, 1:49)
5. Evian Roller Babies (27+ million views, 1:01)
And in 2008:
1. Charlie Bit My Finger (~110 million views, 0:56)
2. Evolution of Dance (109+ million views, 6:00)
3. Achmed the Dead Terrorist (~80 million views, 9:48)
4. Jizz in My Pants (~20 million views, 2:33)
5. Britain's Got Talent's Connie Talbot (~20 million views, 4:57)
Finally in 2007:
1. Battle in the Kruger (22+ million views, 8:24)
2. South Carolina Miss Teen USA (20+ million views, 0:48)
3. Chris Crocker Defends Britney Spears (14+ million views, 2:43)
4. Esmee Denters sings Justin Timberlake (13+ million views, 2:42)
5. Tay Zonday sings Chocolate Rain (12+ million views, 4:53)
What sticks out?
Sources
User generated (7)
TV clip (7)
Advertising (1)
Clearly advertisers haven't broken the secret code to viral video success.
Content
Music-related (7)
Intended to be Funny (4)
Other (4)
With music videos capturing the absolute highest numbers, American Idol/Britain's Got Talent dominating traditional media, and music being featured in the majority of other top viewed videos, it stands to reason that viewers find music compelling.
Length
0-2 minutes (5)
2-4 minutes (3)
4-6 minutes (3)
6-8 minutes (2)
8-10 minutes (2)
YouTube caps upload length at 10 minutes, and the number of top viewed videos does decline the higher the run time is, but there are videos in every category. Thus, a video doesn't have to be short to be popular.
View Counts
2007 (12-22 million)
2008 (20-110 million)
2009 (27 to 120 million)
As YouTube's popularity has grown, so too have the view counts of the most popular videos, though there were fewer break out hits of 2009. Hard to tell if view counts rise because there are simply more viewers, or if a video actually has to work harder to break the top 5.
Gender
Men (6)
Women (4)
Groups (5)
Not statistically significant differences.
But there's a problem with this kind of analysis. Like we learned in problem framing, you can't just look at the positive cases, you also need to look at the negative cases. In short, YouTube is filled with crap that never gets seen. Much of it is funny, features music, and stays short, yet never gets a view count past 3 digits. So what gives?
The research I've done in Theatres on YouTube arrived at the same conclusion. And Tech Crunch recently found that the average YouTube video will
- Get 500 views
- 25% of those will happen in the first 4 days
- Only the first 30-60 seconds will be watched
- 55% of videos are discovered (the remaining 45% users were actively searching for)
Unfortunately, there's little indication that high view counts translate to higher sales, though this webinar is pretty rad.
Until we can measure it better, it's even harder to predict success. But with Video SEO finally coming of age, maybe we'll finally figure out how to track how videos go viral so we can better hypothesize why.
And with the rise of non profits on YouTube, maybe it'll actually start to matter.
Sunday, January 31, 2010
Leadership in social media campaigns: big vs. small operations
It might not have been important for Obama to be tech-savvy or be familiar with online social networks because he had a plethora of tools, support, funding and people working for him who were effectively able to run the campaign for him. I imagine that this is similarly the case for many larger operations, whether they are campaigns, businesses or specific brands. But what about the smaller operation? For example, my brother owns a travel company based in Austria, France and Switzerland that is now 5 years old. They are really lagging behind in terms of utilising the potential of social networking. Neither my brother nor his business partner are particualrly tech-savvy and they have minimal administrative/support staff, preferring to concentrate headcount funds on on-the-ground operations. None of the current sales/marketing staff are comfortable/able to design a social media strategy for the business.
My question is how should smaller operations that may be constrained in terms of either headcount, expertise or both begin to kick-start and maintain a social media campaign? Is it feasible both in the short or long term? I'd be interested in any thoughts on this particular case or on the issue more geenrally.