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mandag den 1. oktober 2012

Social Media demands leadership to create real value!


In my recent post “How valuable is Social Media for the corporate business” I described that getting real social the corporate company needed a cultural change. The cultural change which is demanded depends on having an environment of openness, information sharing and trust. This sort of culture is acquired to create value out of the social media investment. To create such a culture you need to have top management in the leading position of being social acting social and communicating social.

How does CEO participate in Social Media?
In IBM latest CEO study, 1709 CEO around the world was asked if they were participating in Social Media. The answer to this question was from my point of view quite embarrassing for the CEO´s - only 16% (274 of the CEO) was participating in Social Media. This number will eventually grow to 57% with in a 5 year period. This question in the IBM CEO study actually pinpoints clearly that Social engagement is not seen as an important value creator for top management at the moment. Further more, if it should take 5 years to have a new leadership in place in the corporate companies to start participating in the social collaboration, I doubt that these corporate companies will be present in their size and shape we know them today. There is no doubt that the success of Social engagement demands active top management participation, this participation will have a significant impact on the culture of the corporate social collaboration.

How can we quickly change the CEO social participating?
It is obvious from the IBM CEO study that the CEO do not recognize Social Media and the collaboration as an important value creator for the company. How can this be changed?
First thing which always counts for companies is the impact on bottom line figures – so if you want the CEO getting social quickly he/she has to be measured on the social collaboration engagement he/she does?
Second thing to do, are getting Social collaboration as a part of the annual report, just like environment responsibility and other societal values. When you are making social collaboration visible towards the shareholders and the board, the CEO will be accounted for this parameter as well.
Third thing you aught to do is to have a direct access from costumers to the CEO – collaboration is needed directly from the top. A good example of social collaboration on top level is the former prime minister of Denmark Anders Fog Rasmussen who used face book to communicate whit his voters.

Will these steps work to get the CEO participating in Social collaboration?
You can not guaranty anything but first secure measurement of Social Collaboration, secondly have social collaboration as a part of the annual report, this will give some kind of pressure on the CEO to start acting on social collaboration.
If non of these will get the CEO in action on Social collaboration he will be one of the ones who will wait for 5 years to interact in being social and use social media to communicate with the company costumers, and properly out of his business.