Archive for the 'Analysts' Category
Communications, Social Media and Business
Have had quite a intensely busy week, despite it being short for NZ’s ANZAC Day, and have very little intellectual horsepower left. So instead of writing a post today I am going to point to some interesting links from during the week I have come across.
First, Dell’s New Media Communication strategy as presented at the Society for New Communications Research’s New Comms Forum.
Dell receives thousands of messages a day via post boards, and categorise all as either:
1. Urgently requiring a reply 2. Something to watch 3. Not awaiting a reply.
Stats are cited here that previous to their blog outreach strategy “online conversational stats” were about 49% negative. They are now 21% negative. Dell are quoted here as being not the only one moving from an e-commerce site to a social/e-commerce blend.
Richard Bilhammer of Dell said that by catching issues in the blogosphere they can get a 2-3 lead time before it hits mainstream media. This is really interesting, I wonder how long that will remain the case. I agree that 2-3 weeks cannot be a standard lead time, especially as mainstream media adopt some of these new media tools themselves and use them standalone or in conjunction with other content channels. Read Full post from Maggie Fox on this topic here: http://socialmediagroup.ca/2008/04/23/dells-blogosphere-strategy-sncr-new-comm-forum/
On the topic of the SNCR New Comm Forum here is a video clip of Jim Long addressing journalism and social media. Watch the video here: http://blog.holtz.com/index.php/weblog/a_taste_of_new_communication_forum/
Something else I came across that removed my guilt that I hadn’t written a blog post since Saturday was an article from Social Media Today covering the negative effects of daily blog posts. Effects listed were that your readers will think you don’t invest much time in writing it as it means posts are lower quality. This leads to fewer subscribers, time pressures on you… etc. BUT Don’t underestimate the power of daily posts. Confused? Read the full post here: http://www.socialmediatoday.com/SMC/32032
I liked this post on the Wired How to Wiki on “How to make Money online with a $20 budget”. It covers running a niche content blog, buying and selling domain names, freelance writing and blogging. I am currently working on a piece to submit to the Wired How to Wiki so will write a post when I submit it. Read the full Wired Wiki entry here: http://howto.wired.com/wiki/How_to_Make_Money_Online_with_a_Twenty_Dollar_Budget
This just seemed kinda crazy… “By our guesstimate, Larry and Sergey are spending at least $72,288,000 per year to fill their workers’ pie-holes.” Check it out here:
http://www.alleyinsider.com/2008/4/googles_ginormous_food_budget_7530_per_googler
I have been listening to Wall Street conference calls recently as since completing my valuation course I have a much clearer understanding of what the numbers mean and what the story is that sits behind the numbers.
If you are interested in understanding more about understanding the valuation and financials of individual companies I think a good start is to start reading press (or social media..) releases, listening to conference calls and reading analyst research of companies whose business you not only understand but are interested in and excited by. An example? See below for Q1 Financial result press release and conference call for Google:
Press Release
http://googleinvestors.blogspot.com
Conference Call Audio
http://download-fp5.rbn.com/shareholder/shareholder/download/30361google.mp3
BusinessWeek on how Social Media will change your business and….
Some other Social Media developments applicable to a business setting.
The verdicts: Time to invest in both in web technologies and web people. Read more Here
Jim Balsillie believes that 2009 will be the year of the enterprise adopting social networks.. This is best communicated in the words of Andrew McAfee of Harvard Business School who said… (In this presentation)
“We need to keep in mind that most E2.0 tools are new, and that their acceptance depends on shifts in perspective on the part of business leaders and decision makers, shifts for which the word ‘seismic’ might not be an overstatement. Enterprise 2.0 tools have no inherent respect for organizational boundaries, hierarchies, or job titles. They facilitate self-organization and emergent rather than imposed structure. They require line managers, compliance officers, and other stewards to trust that users will not deliberately or inadvertently use them inappropriately. They require these stewards to become comfortable with collaboration environments that “practice the philosophy of making it easy to correct mistakes, rather than making it difficult to make them” as Jimmy Wales has said. They require, in short, the re-examination and often the reversal of many longstanding assumptions and practices. It is not in the least disrespectful or contemptuous of today’s managers to say that it will take them some time to get used to this.”
A Forrester survey recently showed that larger enterprises are “almost twice as likely to pilot or deploy Web 2.0 technologies in 2008 compared to the small and medium flavors.” Which makes sense, but adoption will be impossible to avoid, and why not when in a marketing sense is free monetary investment wise, although time and attention investment is key.
I found this interesting, a description of an emerging role titled “Community Manager”, the role involves managing a firms social networks.
As a Community Manager, my main task is to make sure people are happy—this includes my client as well as my community members. Each day we’re actively in our communities, reading posts, replying to messages, and noticing trends.
“Among the most important aspect of this role is doing just that—noticing trends or patterns. That’s how we make this work. By listening to what customers have to say and streamlining this information into a series of more digestible community “sound bites” we’re able to bridge the gap between what the customer wants and is talking about, and, what the client wants and is also talking about.” Read more here