The Chancellor and The Chairman

Earlier this month I had an opportunity to do a live radio interview on short notice with Scott Hennen, who was broadcasting his program from Rochester.

Scott’s program is called The Common Sense Club, of which he is the Chairman. His program airs on AM1100 WZFG in Fargo, North Dakota.

Scott sent me the audio link to the interview, in which he explains why he was in Rochester to do his program.

I hope you enjoy it.

6 Reasons Your Organization Should Get a Twitter Account

Nancy asks:

I’m trying to convince my boss we need to start a twitter account and she’s not convinced. My main argument has been that it would increase our exposure on the web through our links on twitter. Can you help me make a better case?

I saw your slide presentation on slide share on Making the Case for Social Media but it didn’t get to exactly what I need (or I missed it).

And on the slight chance that we do get to start twitter, what can I do to build a following?

Here are my top six reasons why organizations should have a branded Twitter account:

Brand Protection. If you claim your organization’s name on Twitter, others can’t. One headache you don’t want is having someone impersonating your organization on Twitter. Claiming your Twitter handle is a good step, even from a purely defensive perspective.

Scalability. You can have a Twitter account without putting a lot of human resources into it. It’s reasonable at first to use a service that converts the RSS feed of your news releases into tweets, without any additional human involvement. You do have RSS feeds, right? If not, see the Social Media 102 course, and also my third reason.

Serving stakeholders. A non-human Twitter account connected to an RSS feed isn’t ideal, but like RSS it does at least provide a way for people interested in your news to get it in a way that’s convenient for them. And as you become more familiar with Twitter, it can lead to a much better use, Listening and Engagement, which I list as my last reason.

Increased News Coverage. Journalists are increasingly involved in Twitter, and looking to it as a quick way to identify sources and story ideas. Here’s a portion of an email one of my colleagues got in late October from @KimPainter, a columnist with USA Today (click to enlarge):

KimonTwittersource

Kim had seen one of our @MayoClinic tweets connected to our #mayoradio program called Mayo Clinic Medical Edge Weekend. We got her in touch with Dr. Richard Hurt, who was the guest on that program, and here is Kim’s column in USA Today in which he was featured.

It’s Free. Nothing I have mentioned above involves any cash. Your Twitter account is free. Twitterfeed to convert your RSS feed to tweets also is free. But even if you have to manually send tweets about your news, and including a link to your news releases, the time investment can be minimal. It doesn’t involve incremental cash outlays. If you’re like most organizations, you probably pay EurekAlert or PR Newswire or BusinessWire to distribute your news releases. If you are paying for those services, why wouldn’t you take advantage of a free tool like Twitter?

Listening and Engagement. The preceding reasons provide more than enough justification for getting a corporate Twitter account, but engaging stakeholders and listening to them is the best use for Twitter. For that reason, whether your boss approves a corporately branded Twitter account or not, I strongly suggest that you get your own personal Twitter account. Just dive in and start making connections. As you are using Twitter personally, you will see applications that are relevant to your work.

If you have questions about how to get started with Twitter, we have a whole Twitter curriculum here on SMUG to take you through the process. To answer your last question about building a following, see Twitter 103: Following and Being Followed, and Twitter 104: Four Steps to Building Your Personal Twitter Network.

The Danger of “Core Competence”

Among the books I’ve been devouring recently is The Innovator’s Solution: Creating and Sustaining Successful Growth by Clayton Christensen. (I highly recommend it!) As I was listening to the unabridged audio version, the following statement — though read in the same measured tones as the rest of the tome — screamed its relevance:

Core competence, as it is used by many managers, is a dangerously inward-looking notion. Competitiveness is far more about doing what customers value than doing what you think you’re good at. And staying competitive as the basis of competition shifts necessarily requires a willingness and ability to learn new things rather than clinging hopefully to the sources of past glory.

The challenge for incumbent companies is to rebuild their ships while at sea, rather than dismantling themselves plank by plank while someone else builds a new, faster boat with what they cast overboard as detritus.

The context of the statement is a discussion of companies that outsource elements of their product or service that they perceive to be less important. For example, in developing its PC in the early 1980s, IBM outsourced both its microprocessor (to Intel) and its operating system (to Microsoft.) This enabled IBM to catch up with Apple, but in the process it handed over the two most significant revenue streams and sources of profit to others. Today Intel and Microsoft are still earning billions of dollars a year from the PC business, while IBM is no longer making PCs.

This is relevant not only for our organizations and employers as a whole but also for us as individuals, and now I’m speaking directly to those involved professionally in communications, public relations, marketing, advertising or related disciplines. 

I wish I had $82.43 for every time I’ve heard someone say, “All you need to do to use social media in your business is hire some young kids, just out of college. They really understand this stuff.” As the father of two relatively recent college graduates, I appreciate the job opportunities such a statement offers. But I offer a word of caution.

You need to understand social media yourself, and not dismiss them as being outside your “core competence.”

OK, that was 17 words. But the point is that as social media grow in importance over time, and as the audiences for mainstream media shrink, if you fail to adapt your “core competence” will become less relevant. That means less marketable.

By understanding social media, you will see how they can be applied to solve your business problems, or perhaps even as a whole new business model. Otherwise, as Christensen indicates, you will find yourself disrupted by low-end innovators.

To think more about the implications of disruptive innovation, get The Innovator’s Solution or anything else Christensen has written. I’m particularly looking forward to reading his books about health care and education.

To learn how to apply the sustaining (and in some cases disruptive) innovation of social media to your work, you’re at the right place already. Become a SMUGgle and we’ll learn and share applications together.

Chapter 11 = 11 Cents Per Share for Sirius XM

They aren’t the only ones filing for bankruptcy lately, but it’s interesting that even a “new media” company like Sirius XM satellite radio is contemplating seeking relief from creditors:

 Sirius XM Radio Inc. has hired advisers to prepare for a possible bankruptcy filing, which could come in days, according to a news report. 

The New York Times said late Tuesday documents and analysis of a potential Chapter 11 filing are nearly complete, say people close to the company. 

Sirius, whose radio personalities include shock jock Howard Stern, has struggled to refinance its debt load at a time when banks are skittish about lending. About $1 billion worth of debt comes due in 2009. 

One of the supposed Sirius advantages was commercial-free music, available anywhere. But with Pandora available on the Web providing the same service (and customized channels that fit individual interests), and also with an iPhone application, that seems like a less distinct advantage for Sirius XM.
I’ve enjoyed the rare occasions when I’ve had a rental car with satellite radio, but can’t see paying a monthly fee for the service.
Apparently I’m not alone.

Social Media Sends Marketing Back to the Future

Below is an interesting video my wife discovered this morning, and it highlights why continuing education through institutions like SMUG is so important. One of the interesting segments says:

The top 10 in-demand jobs in 2010…did not exist in 2004. We are currently preparing students for jobs that don’t yet exist…using technologies that haven’t been invented…in order to solve problems we don’t even know are problems yet.

I don’t agree with everything in this video (for instance, how can they know what the top 10 in-demand jobs will be in 2010?), but in general it’s quite thought-provoking.

[youtube=http://www.youtube.com/watch?v=jpEnFwiqdx8]

Here are a few of the thoughts it provokes in me:

At least half of my job as it currently is structured didn’t exist in 2004. My title is “Manager, Syndication and Social Media.” The syndication part, providing medical news content for traditional media, isn’t new. But being a manager for social media (and the fact that we have a social media team at Mayo Clinic) is definitely a more recent development.

The pace of technological change is amazing, but in many ways it reverses some societal trends. Following widespread adoption of radio and TV (the timeframe of which is mentioned in the video) we entered a mass marketing era. Before that time, we were a society of smaller communities, and word of mouth and localized media were the most important ways of disseminating information. But mass media meant advertisers carpet bombed us with their messages because they could, and there was no way for us to really escape.

While in some ways the era of social media seems to be hurtling us toward a wild new world along with other technological innovations, in another sense it reverses some of those 20th century realities.

It’s never been easier for word-of-mouth messages to be distributed. For instance, I have a few hundred Twitter followers who will get a tweet about this blog post. If some of them decide to retweet it, they may pass it to thousands of their followers. And RSS, Facebook and Friendfeed (to name a few) are other ways the message will get distributed. RSS is the oldest of these technologies, and it first became widely available in 2003.

So with hundreds of millions of people able to make their thoughts potentially available to anyone in the world (for free), and with the social media tools making it easier than ever for friends to stay in touch and reconnect (and for people of common interests to congregate, regardless of geography), the mass media aren’t the only game in town anymore. Which is why we continue to see headlines like this one.

Word of mouth is free. As my friend Andy Sernovitz says, “Advertising is the price of being boring.” Or as Seth Godin puts it (I just downloaded one of his audio books), “Small is the new big.”

And that’s why SMUGgles will be ahead of the game; you’re preparing for and adapting to the changes that are happening, and seeing how these new tools can help you solve the problems you face in your work.

What thoughts does this video provoke in you?

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