Posted Tuesday, May 27, 2008 by
Chris Baggott
So don’t tell my family, but a big part of my limited brain capacity was spent this

weekend
thinking about Stephen Baker (pictured) & Heather Green of
Business Week regarding his latest cover story:
Beyond Blogs (sub
context…social media will change your business), a follow up to his
fantastic 2005 article;
Blogging Will Change Your Business.Let me start by saying this 2005 article had a huge influence on me. Additionally, Steve’s cover story of Janury 2006:
Why Math Will Rock Your World is the reason I subscribe to the paper version of Business Week…the only paper subscription I have.
Let me be clear from the start that I'm a fan of Steve's, love his work and he is one of the few Print Journalists I feed to my homepage....I just think this story misses the mark.
This
weekend I also read
“The Last Lecture” by Randy Pausch. I’m sure
most of you have heard by now about this book highlighting a final CMU
lecture by a dying college professor.
Here is the video….Randy has some great lessons here, but one that kept coming back to me was to
“focus on the fundamentals.”
This is what kept nagging me about Stephen &
Heather’s updated Business Blogging article…they really seemed to
ignore the fundamentals.
There are basically two big problems with reporting on Social Media that it seems all journalists fall into...(
wait! I just thought of a third…)
1. Chasing the newest thing. There is a lot changing in social
media. But the big story for business isn’t Twitter or Facebook, it’s
new and more effective ways to use the basics: Email and Corporate
Blogging. Randy talks about his early youth football days. How a
coach made them practice with no balls because, like Vince Lombardi
says, this game is about fundamentals. In Randy’s talk a kid asks
why they have no footballs. Coach answers: “how many people on the
field don’t have the ball?” Answer: “21”. Right says the coach: “We are going to focus on what those 21 people are doing.”
What happens with getting hung up on the
newest widget or Twitter is it distracts from what the vast majority of
people are doing online…..email and Search. There are amazing strides being made in data driven email dialog and blogging is revolutionizing Search Engine Optimization and engagement.
According to the Pew Interent and American Life research, (see graph)
this is where the people are. This is where business needs to be
focused. Yes, keep an eye on new things, but focus energy on
perfecting what is working today. Search and Email are the biggest
parts of the Social Media mix and present the largest opportunities for
business.
2. Celebrity. So many journalist covering Social Media focus on Celebrities and celebrity bloggers. There are 20,000,000 businesses in the
United States…and this doesn’t count non-profits. Hearing stories
about Jimmy Wales, Michael Arrington, Kerry Miller or Jonathan Schwartz
is great if you’re People Magazine, but this is Business Week.
Tell me about real businesses using these tools. The story at Sun
Microsystems isn’t the story of a CEO/Celebrity blogger (Jonathan's Blog), the story is the thousands of normal everyday Sun employees that blog. Who are they? What are the benefits to the organization? (hint…it’s not touchy-feely....the ROI is found in winning searches and converting those visitors to prospects….)
There was a great quote from Richard Edelman in the Dallas Morning News the other day:
“It’s
clear that when it comes to traditional authority figures – whether
they’re chief executives or heads of state – people trust them less,”
says Mr. Edelman. “Employees are the new credible source of
information. We have data that shows an employee blog is five times
more credible than a CEO blog – and I say this as a CEO blogger.”
This is the big story in Social Media as it relates to Business.
Fundamentals are about focusing most of your
effort on the things that are most important…with Social Media as it
relates to business, that is the amazing strides being made with Email
driving engagement through data and Search made through widespread
employee blogging.
3. Journalism.
Journalists can be forgiven for sticking close to home when considering
Blogging and Social Media. A quote like this is typical:
“According
to a recent study by Forrester Research, only a quarter of the U.S.
adult population even bothers to read a blog once a month."
Journalists
think in terms of circulation…. of a fan base that is going to be loyal
to a given author. This doesn’t work in business. More importantly
it’s shouldn’t even remotely be a measure of success for business.
Again, this makes people like Kerry Miller or Arianna Huffington
interesting to Journalists but not really relevant to the other 19.9M
organizations that are not involved in publishing.
Businesses measure success based on metrics
like traffic, engagement, conversion, leads, sales…that sort of
thing. How is social media being successfully executed against those
metrics…..now that’s a story.
By no means do I want to
minimize the power or potential of these new tools. Internal Wiki’s
are perhaps the greatest thing to happen to internal organization
communications and collaboration since the telephone…or at least the
Outlook Calendar. Both BT and Best Buy have great cases to make.
But the reality is that every CEO on the planet wakes up with one
thought first and foremost….sales.
What’s missing from the
conversation about Social Media is how any of this affects the actual
numbers. It’s almost like it would be ‘dirty’ for anyone to talk
about how a business should use social media to drive sales.
Sales
happen when there is a need and a solution that comes together for
mutually agreed value.
(I value that flat screen more than I value my
$1,000 in cash)
What’s been lost from traditional marketing
since the advent of TV has been a fundamental premise we all learned
from Zig Ziglar. People buy from People. Marketers have been
corrupted by “Brand” and “Consumer” for so long that they forgot about
the people on both sides.
The greatest gift of Social Media
is the ability to reintroduce people to the mix. Email, Search &
Employee Blogging all are social media….and all drive better
relationships, higher engagement and more business. That’s what the
entire Social Media phenomenon is telling us. We trust people more
than we trust institutions.