Posts Tagged ‘Social media’

Brand Karma: What Matters in 6 Words

Tuesday, June 22nd, 2010

• What kind of a world do you want to live in? What kind of a world do you want to leave your kids?

• Should we lie in the marketing-made bed of unsustainable consumerism, or do something different?

• Can brands really be a force for good?

Tweet your answers to these questions in just six words – using the hashtag #whatmattersin6 – to be part of a global conversation being facilitated at the Cannes Advertising Festival by Craig Davis, Chief Creative Officer of Publicis Mojo.

These questions – and more importantly, creative solutions to them – will provoke robust discussion in the Palais at the Cannes International Advertising Festival on Wednesday June 23, when creative leaders Dave Droga and Craig Davis are joined by Phil Rumbol (marketer and global advertising leader, Cadbury plc).

Their interactive session What Matters Now? will examine whether advertising and marketing can help create a sustainable future. And it will look at some emerging tools that point to how.

One of the tools is www.BrandKarma.com, the world’s first brand-centric social media platform and an idea that Craig Davis, the site’s founder, believes is central to the continued relevance and potency of any brand.

‘Brands are the currency of our industry. They are also the $2 trillion public face of the economy, and they are becoming compelling content in and of themselves. This makes them both more interesting – and powerful – than marketing gives them credit for,’ says Davis.

The premise behind BrandKarma.com is the idea that how brands behave and treat their stakeholders is a source of intense interest to the people formerly known as consumers. People understand not only that their purchasing decisions have consequences, but also that by sharing and mobilising their opinions around brands, they can positively influence the trajectory of business.

In recognising that it’s in all of our interests to help brands be a force for good, What Matters Now? will encourage participants to be part of the dialogue, and part of the solutions.

What matters now to you? Tweet us in just 6 words.

Edition 5: The World Economic Forum

Friday, June 11th, 2010

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In this edition of the Business21C Weekly we talk to Adrian Monck, Managing Director of the World Economic Forum and his former colleague Gay Flashman, CEO of digital communications agency, Formative.

We pushed our friendship with Adrian Monck to the limits by dragging him into the Business21C Weekly studio the day after his hugely successful evening at the Sydney Opera House, An Evening in Davos to continue the conversation. What is the World Economic Forum? Where is Davos? And who is Davos-man? (He is rarely a woman, it seems). Finally, how do we get onto the Davos guest list?

Every year 2,500 world leaders in business, in government, in academia and the arts gather in a mid-sized Swiss ski resort. The code is, leave your entourage at home and check your ego in at the door. However powerful you are, the person behind you in the queue for lunch is probably President of a larger country, a bigger company, or has more Nobel prizes to his (or possibly her) name.

What gets done? What global issues are on the agenda? What is the Davos magic? What else is in the World Economic Forum’s portfolio of activities? And who sorts out the accommodation when there are more presidents in town than the town has presidential suites?

Gay Flashman, experienced broadcast journalist turned social media mover, and former colleague of Adrian’s at Channel 5 in the UK, turns the conversation to the 1.5 million Twitterers that follow the WEF. What can other businesses learn from the WEF social media strategy. And what is stopping them?

Edition 1: TEDxSydney

Thursday, May 13th, 2010

Business21C Weekly is now available through the iTunes Podcast directory.
Alternatively, to subscribe directly via iTunes on your computer, go to the Advanced menu in iTunes and select Subscribe to Podcast. Then paste the following URL: http://www.business21c.com.au/podcasts/feed

In this launch edition of the Business21C Weekly, it’s all TEDxSydney, all the time. Hosts Mike Hanley and Kirsten Lees interview Remo Giuffré, TEDxSydney licensee and host, and two TEDxSydney speakers, Rachel Botsman, author and commentator, and Seb Chan, head of digital at the Powerhouse Museum.

TEDxSydney licensee Remo Giuffré tells us about his experiences at the TED conferences in Longbeach over the years, and talks us through his plans for May 22 when TEDxSydney will hit Carriageworks in Eveleigh.

Twenty of Australia’s top thinkers and doers will grace the stage for their allotted 15 minutes to give the talk of their lives. The day will also feature a festival of ideas, hosted by TEDxSydney speaker Julian Morrow of The Chaser.

We interview Rachel Botsman, author of upcoming book What’s mine is yours: the rise of collaborative consumption, about how more and more people are putting the brakes on their hunger for more stuff, and using technology to develop ways to share their consumption with others – formally sharing books and cars and toys and just about anything, really. Using innovative online tools consumers are developing ever more ways to elongate the life cycle of material stuff and cut down on needless waste.

And Seb Chan, head of digital at the Powerhouse Museum talks to us about the future of the museum, and how the changing perceptions of the role of museums in our lives are combining with digital technologies to provide fabulous ways to make our heritage live again.

Ideas are the currency at the Australian Innovation Festival

Monday, May 10th, 2010

In today’s world of breakneck change, companies need ways to develop ideas into strategies, strategies into prototypes, and prototypes into the next big thing. Quickly.

One way to do this is to combine two of the most powerful forces known to business: the market, and the crowd.

In the marketplace for ideas, those ideas that attract the most love and attention will be the ones that win out. They’ll get funding and intellectual energy that others don’t – no matter how much senior management pushes them.

The question is, how can organisations attract ideas, and then leverage the knowledge and understanding of its people to help the most viable ones become reality. What’s needed is a transparent internal market for ideas that allows everybody to see the ideas on offer, and gives everyone a stake in the process.

The answer? Social media. The way that social media sites operate is perfectly adapted to the generation, feedback and refinement of ideas into reality. Individuals can provide their ideas, feedback and participate in the refinement process, without leadership or facilitation – it happens as a result of the power of the swarm.

Software provider Spigit has developed a social media platform for doing just this. Customers such as Cisco, Pfizer, and Southwest Airlines use Spigit’s innovation management software for corralling the to-and-fro of collaboration across the enterprise, in a transparent process that encourages cross-fertilising of ideas through the organisation.

The software has been customised for the Australian Innovation Festival. The Australian Innovation Festival Ideas site invites all comers to provide ideas, to give their feedback on other participants ideas, and to invest their spigits (a fantasy currency created for the comptition) in those ideas they think are most promising.

Once the Australian Innovation Festival concludes, ideas in each category with the most investment dollars from registrants are awarded access to advisors and investors to continue to develop the idea for possible funding and real world implementation.

Business21C will support those ideas that successfully emerge from the process by providing expert business insight and academic analysis through UTS Business. They will also be supported by other partners including Patent Attorneys Griffith Hack; Innovation think tank the Hargraves Institute.

Ideas can be submitted against four themes: A Better Future for our Children (ideas to help future generations); Sustainable Environments (climate control, green technology etc.); The Connected World (making use of the national broadband network); and The Recovering Economy (making Australia a more robust economy).

Register your idea here now.

Thinque tank with Anders Sorman-Nilsson and Nils Vesk

Wednesday, April 21st, 2010

Change doesn’t care if you like it or not. It happens without your permission. How do organisations and people stay ahead of the curve in a world where the fastest growing economy is a communist one, rugby league players are metrosexuals who moisturise, and Susan Boyle took less than 48 hours to reach more people than radio did in the first 38 years of its evolution?

Professional agitators Anders Sorman-Nilsson and Nils Vesk challenged a roomful of Sydney’s best and brightest brains to upgrade their thinking. Sparks flew.

‘Have you ever stopped to think, and forgotten to start again?’  – Winnie the Pooh.

That was not the problem for the audience at the Sydney Opera House on April 15.

According to Sorman-Nilsson, the world has changed, and it’s a little out of whack. Things ain’t the way they used to be and that is exactly how they ought to be. Kids are excelling in second life, but flunking in first life; Maslow’s hierarchy of needs has been flipped on its head. It used to be that we had to learn one new skill every year, then every month, then every week. How long before things will be changing for each and every one of us hourly?

The world has just been through the worst recession we never had, and things are accelerating post-downturn faster than ever before. Companies are struggling just to keep up. It is up to the leaders of business to ensure that they don’t waste a good crisis.

Over first fifteen minutes of the event, Anders and Nils ran through a series of significant trends, observations and external scans that indicate how quickly and unpredictably the world of business is changing in the twenty-first century. Anders flew through his mind-bending presentation assisted by mindmapping software prezi. Take a look here:

Sydney Opera House Thinque Tank on Prezi

View Prezi - large file - please be patient: its worth it!

‘A mind once stretched by a new idea never returns to its original dimensions.’ So said Oliver Wendell Holmes, US author and physician.

Meanwhile, Nils Vesk asked the audience what was on their minds. The topics for discussion emerged:

  • How to get new ideas to business leaders
  • Risk and risk management
  • How to cope with change
  • Are we happier?
  • How can we control greed? And,
  • What is design thinking?

Through the course of the next 90 minutes, the conversation wended its way through these subjects, assisted on its way by passionate interjections from attendees including CEOs, chief creative officers, writers, managers, designers, academics and thinkers of all stripes.

Nils tracked the course of the conversation by drawing and recording the proceedings. His pictures are here:

Visual thinking

See Nils' drawings

Much of the conversation centred around the age old conundrum of stimulating short term innovation while balancing long term profitability. Craig Davis, chief creative officer of Publicis Mojo went further, saying innovation can no longer be solely about the bottom line, it must be directed towards solving the major problems facing the world. The measurability of innovation is a perennial issue for business leaders.

How to effectively engage with customers and the use of social media was a significant focal point, as were ideas for empowering staff to experiment, take risk, and fail.

Thanks again for the invitation to the B21C event last Thursday night at the Opera House. It was a fantastic event! I really came away with lots of new ideas that I picked up from both Anders + Nils, as well as the other business leaders that were in the audience. The conversations were very thought provoking and I am really looking forward to reading the book we all received. Ive been to quite a few business discussions that have been hosted by a range of companies over the last 12 months and this one was by far the most interesting. Well done !

Killer event last night. I’m churning through the book….Thank you for what was another fascinating evening.

Thanks for a fabulous event – extremely stimulating discussion amongst a great crowd of people. Sydney doesn’t have nearly enough of this kind of thing.

I really enjoyed last night. Its been a long time since I felt so excited at a business event. I’m really looking forward to the next Business21C shindig – what will you come up with next?

Thinque tank photos

See photos from the evening

Storytelling: The X factor of social media marketing

Monday, March 15th, 2010

Storytelling is hard-wired into our humanity, writes social media researcher Suresh Sood. Businesses have to use it to move their customers and other stakeholders emotionally.

Social media – blogs, social networking, wikis, tweets, photostreams, video-sharing podcasts and virtual worlds – means businesses can get close to consumers, listen to their conversations and participate in their stories. Social media offers brands the opportunity to transcend the identity of a product or company and assume their own cultural identity in a way that reflects the mores and subcultures of the community.

But for this to happen, businesses must reframe their brand messaging and learn to participate in rather than manage the conversation with their customers. Successful social media marketing is not a matter of embracing new tools and adopting new technologies. The x-factor is storytelling: spinning a good yarn with all the traditional values of a compelling tale – an emotional hook, a beginning, a middle and an end. And storytelling in the digital marketplace must be authentic, collaborative and participative.

This isn’t such a new world. Storytelling is hard-wired into our humanity. Since the advent of print, the narrative discourse has been dominated by the one-to-many: the storyteller (preacher, teacher, author, film director or television producer) to an audience of listeners. But this changed with the digital revolution, which brought about an absolute deluge of many-to-many communication platforms and which brings us closer, perhaps, to the origins of our oral tradition.

Today’s interactive, interruptible, opt-in modes of telling a tale have, arguably, more in common with the sharing of hunting tales around the campfires of our ancestors – where different players told the story from their own points of view – arguing, perhaps, about the size of the mammoth downed that day and which one of them actually struck the fatal blow.

That is what is happening online now, all the time. According to AC Nielsen’s BlogPulse, there are currently 125 million registered blogs – so 125 million people are sharing stories from their own points of view. That is more than 700 times the number of books published in the US in a year, and doesn’t account for the twitters, the video streams, the podcasts and the constant to-ing and fro-ing of text and email in which most of us constantly indulge to tell our tales or build on the tales of others, on a daily, hourly or minute-by-minute basis.

All this storytelling is not destroying the narrative, but it is without question undermining text-based stories and the conventions they represent. One-to-many was only ever a passing phase, however. Long-form text-based stories may be giving way to the chunked bricolage of small narrative bites that pull together links, photos, videos and comments from different social media, but it is still the power of a good story that engages an audience.

What is storytelling?

A successful story has a beginning, a middle, possibly a twist, and an end. It engages audience members’ emotions and interest and makes them care what happens.

‘For sale: baby shoes, never worn.’ wrote Ernest Hemingway in response to a bar room challenge to write a story in six words or less. He won his bet, so the story goes, and 80 years on, sparked an online phenomenon. Embraced by Smith Magazine, the six-word story has been taken up as a challenge by online storytellers and spread virally, on the ethernet and beyond, to live performances, podcasts, animated illustrations, even to a number of published books. (Business21C indulged in its own six-word story twist over the summer break: see story page 62).

Reality TV is another source of powerful stories. Take the internationally successful show, The X Factor or the various series of Idol. The audience adopts a hero and follows the trials and tribulations of his or her journey. Aristotle recognised the importance of striking a chord with the audience, dubbing it ‘catharsis’ or ‘proper pleasure’, a feeling that takes you by the throat and lets go only when you are cleansed or purged of emotion. Add to that good versus evil, as personified by the judges and their verbal brawls, and you have a compelling tale.

But the success of The X Factor – and similar shows – isn’t just the fact that they tell a good yarn. It is a good yarn that acknowledges the audience as participants. We contribute to the judging and comment on how it plays out. If a judge makes a call or a comment that jars with the audience, the twittersphere responds – and judges apologise, retract or change their behaviour.

What is storytelling in the 21st century?

Any notion of a passive audience may be in its death throes but storytelling lives on. Since we have all become narrators of our own experiences, we are far less likely to sit quietly to the end of someone else’s tale. Online, we can engage, interrupt, challenge, dominate. We can divert, bully, redirect, support, follow. We won’t be spun a line. We demand authenticity. We demand to participate. And we will move on without a second thought if our needs are not met.

In the battle for members between social network sites MySpace and Facebook, according to AC Nielsen’s March 2009 analysis, MySpace is ahead when it comes to attracting advertising revenue, with its environment well-suited to banner campaigns, but Facebook is winning the race to sign up members. AC Neilsen suggests that this may be because Facebook’s pages are less cluttered with advertising (other people’s stories), and thus people prefer to use it as the forum for telling their own life stories.

Successful storytelling in this context will continue to:

  • be authentic;
  • be interruptable / changeable;
  • encourage participation, and understand that it is part of the storytelling
  • context; and
  • have a beginning, a middle and an end.

What does this mean for business?

Markets often know far more about products than the companies that produce them. Consumers understand that they can get assistance and information readily from other consumers by soliciting opinions or visiting significant web destinations. At best, one-way messages fed by marketing departments are going to be challenged; at worst, they’ll simply be ignored. Customers review their own books on Amazon; they are the travel reviewers on TripAdvisor; and they exert considerable power with their tales of purchasers’ experience on eBay, Yelp and Australia’s notgoodenough!

Social media makes it possible to get close to consumers and to listen to their conversations. Businesses must learn now to participate in the stories and to become associated with the stories – and the cultural identities that these stories represent.

It worked for Kimberley-Clark, whose ‘let it out’ campaign for Kleenex tissues took storytelling and made it central to a successful cross-media campaign launched in 2006 in the US and UK markets. Understanding that a thin white disposable tissue would be hard-pressed to win hero status in its own right, Kimberley-Clark chose to make the tissues the prop in a story – the scripting of which they handed over to the consumer.

The campaign began on television. In the UK, a sofa, a good listener and the streets of London co-starred with passersby, who were invited to sit and tell their stories. And they did. And they laughed, cried and reached for Kleenex. ‘Let it out’ then moved to radio. Twice a day, people were invited to call or email with their ‘let it out’ stories and the song that captured the Kleenex moment.

Ultimately the campaign moved online with Youtube videos and a dedicated website: letitout.com, through which people were encouraged to continue telling the stories of their ‘Kleenex moments’: ‘It’s time to let it out. It’s time to laugh until you scream, until you spit. Show your heart and show some tears. Sing at the top of your lungs. Jump for joy. And when tons of stuff stuffs up your nose, blow it loud and blow it proud. It’s time to let it out.’

But social media offers far more than a medium for marketing messages. It is a communications paradigm that links employees, management, customers and competitors in new ways. It will allow a new level of experimentation across the whole range of business activities, prompting different ways of doing business, of designing organisations and of product development. Research can be presented, tested and shaped by the constant feedback that is afforded by social media interactions. Social media channels can also afford customers a richer experience of an organisation as they consider whether or not to do business with it.

A decade ago, The Cluetrain Manifesto challenged business to respond to the emerging web environment. Its authors were among the first to articulate the capacity of the internet to enable markets comprising conversations in uncontrived human voices. In November 2009, MIT’s Media Lab established the Center for Future Storytelling. Its remit is to envisage what ‘storytelling’ will be in the 21st century; to consider creative methods, technologies and learning programs in response to the changing communications landscape. From innovative imaging technologies to morphable movie studies, the Center is well placed to reconsider how, where and in what context we will continue to tell our stories. But the one thing it does not challenge is the fact that we will continue to tell stories – and successful stories will continue to find an audience.

When businesses combine the power of the future of storytelling and an understanding of how their customers behave, they will harness the full power of social media to engage meaningfully with the communities within which they wish to do business.