Tag Archives: top-of-mind awareness

Did Reader’s Digest Flunk Its Own Trust Test?

It Pays to Get a Second Opinion

…and I have a highly rated TV show.

In an effort to goose newsstand sales, the June issue of Reader’s Digest features a cover story entitled, “The 100 Most Trusted People in America Today.” Although the article’s “most trusted” claim is far from trustworthy (in fact, 1,000 people voted on 200 American “opinion shapers and headline makers” that Reader’s Digest had pre-selected), there are some quirky results worth noting.

According to the survey:

  • Americans trust doctors, especially if they’re on TV. For example, Dr. Oz (#16) and Sanjay Gupta (#17) outscored respected medical authors Andrew Weil (#75) and Deepak Chopra (#92).
  • Americans also trust TV judges, such as Judge Judy (#28) and Judge Joe Brown (#39), more than they do real-life Supreme Court judges, including Sam Alito (#60) and Elena Kagan (#62).
  • Some strange relative rankings include: Johnny Depp (#35) who outscored Oprah Winfrey (#59), Billy Graham #67) and Condoleezza Rice (#68);  and Adam Sandler (#64) who edged out Barack Obama (#65), but both were far behind Michelle Obama (#19).
  • The top four people on the list are all actors: Tom Hanks, Sandra Bullock, Denzel Washington and Meryl Streep. At the bottom of the 200 candidates were celebrities with damaged brands, including Lance Armstrong and Kim Kardashian.
  • In addition to its untrustworthy headline, Reader’s Digest fesses up in the article that its editors had removed the three highest scorers from its Top 100 list, which were “your own doctor” (77%), “your own spiritual advisor” (71%) and “your own child’s current teacher” (66%).
  • Given 15 categories, the most trusted professions were 1. Doctors, 2. Teachers, 3. Movie Stars, 4. Philanthropists, and 5. Spiritual Leaders. Not surprisingly, Business Leaders and Financial Experts were ranked 11th  and 12th, respectively, just ahead of Politicians and Political Pundits.
  • Only 6 active business leaders made the Top 100 list, and all near the tail end, led by Warren Buffett (#71), Amazon’s Jeff Bezos (#78), Alex Gorsky of J&J (#86), Ken Powell of General Mills (#93), Steve Balmer of Microsoft (#94) and Steve Forbes of Forbes Media (#97).

Celebrity publicists will likely use these ranking to justify image overhauls for their low-scoring clients. But Reader’s Digest’s “Top 100 Most Trusted People” ranking really only validates America’s low-brow pop culture, and does not fairly reflect the integrity or character of any one of the 200 people on its arbitrary list.

In addition to “integrity and character,” Reader’s Digest asked its poll takers to rank the trust levels of its 200 candidates in terms of “exceptional talent and drive, internal moral compass, message, honesty and leadership.” But it’s an impossible task to rank someone on any of those criteria, unless you have first-hand experience with that individual over a long period of time.

Here are some the criteria this writer uses to measure trustworthiness of people, regardless of their profession or position of authority:

  1. DO THEY WALK THE TALK? I trust people who make good on their promises. And if they can’t deliver, they’re pro-active about explaining why they failed to meet your expectations.
  2. ARE THEY TRANSPARENT? Trustworthy people have no hidden agendas. Yes means yes, and no means no…which translates into no unpleasant surprises.
  3. DO THEY FOLLOW THE GOLDEN RULE? I trust people who treat a waiter in a restaurant, or the person cutting their lawn, with the same level of courtesy and respect they would display with their boss, or a prospective client.
  4. ARE THEY FAIR? Trustworthy people always explain the rules of the game, don’t play favorites, and base recognition and rewards on a meritocracy.

What are some of the criteria you apply to determine if an individual (or an organization) is worthy of your trust?

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Three Myths and Realities of Client Newsletters

Client newsletters are the most widely used, often abused and hotly debated marketing tactic for professional services firms of any size. Here are three highly subjective myths and realities to help your firm determine whether it’s a worthwhile tool, or how to improve your current newsletter.

MYTH #1:        Your B2B Firm Needs a Client Newsletter

Marketers want you to believe that your firm needs a newsletter. But traditional newsletters – containing commentary ranging from tax legislation to new technology, or who’s joined the firm – are not a marketing necessity. In fact, at many firms their client newsletter is a marketing albatross. Each issue involves a frustrating hunt for timely information of genuine interest. Some firms avoid this pain by slapping their logo on boilerplate content purchased from a 3rd party, but those firms can pay a bigger price, in terms of brand damage. It says to target audiences, “We value our relationship, but we don’t really care enough (or know enough) to produce our own newsletter.”

REALITY #1:     Your Firm Needs to Drive Top-of-Mind Awareness

The intrinsic purpose of tactics that communicate with clients, prospects and referral sources is to reinforce the perception that your firm is smart, trustworthy and prepared to help. Beyond keeping and growing existing clients, your primary marketing goal is to drive top-of-mind awareness with target audiences. That way, when a prospect is seeking assistance, there’s a greater likelihood your firm will be selected, or at least will be put on the “short list” of candidates. If that’s the goal, then consistency and quality of the contact are critical; neither of which necessarily require a newsletter format to accomplish.

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MYTH #2:        People Want to Learn About Your Firm’s Success

It’s nice to think that clients and prospects really care about your firm’s growth and accomplishments. The sad truth is that your success is more important to your competitors, and to current and prospective employees than it is to people who generate revenue for the firm. Blowing your own horn can also backfire. When your firm touts that a senior partner has just published a book and was a guest on CNBC, your target audiences may wonder why that partner isn’t focused on client matters, or whether the cost of his book’s publicity tour will result in higher hourly rates.

REALITY #2:     Your Clients, Prospects and Referral Sources Care about Themselves

Understanding that all people are self-interested can make you a better marketer. Rather than creating newsletter content that’s based on what you know, on what you’ve done or on what you can do, focus instead on the ideas, talents and accomplishments of your target audiences, regardless of whether your firm played any role in their success. This is a very tough concept for many B2B firms to understand and embrace: that the most powerful form of thought leadership does not involve pushing out your own ideas. Instead, it involves deciding what ideas merit the attention of your target audiences, as well as what voices are worth listening to. True thought leaders seek to manage the conversation, not to control it.

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MYTH #3:        A Newsletter is a Cost-Effective Marketing Tactic

The old saw, “Cheap is dear” rings true when it comes to newsletters. If it’s created in-house, few firms actually track the hours required to write, edit, approve and publish their newsletter. If it consists of cut & paste content, few firms consider the cost of producing a newsletter that very few people will read or respect. Regardless of content, only a small number of professional service firms proactively work to expand their newsletter’s reach, to maintain an adequate CRM capability, or to properly leverage readership analytics from open and click-thru rates, if their newsletter is delivered online.

REALITY #3:     Your Marketing Requires More than a One-Way Conversation

Newsletters often are one-way conversations. A fundamental marketing objective is to engage clients and prospects in a conversation regarding their specific needs and opportunities. Despite the buzz regarding social media, that channel also falls short in terms of engagement. If your firm’s traditional and social media marketing tactics do not serve as catalysts to drive Face-to-Face discussions and Word-of-Mouth referrals, then their “cost-effectiveness” can never be measured on a meaningful basis.

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An End to B2B Social Media Madness

20070805-humanLemmings

Rapid, lemming-like adoption of social media tools by small and medium-sized B2B firms – fueled by an army of self-proclaimed social media experts – has resulted in wasted dollars, missed opportunities and heightened distrust of the marketing function in the C-suite. As if CMOs needed another cause for termination.

The past decade’s social media debacle is akin to introduction of desktop publishing in the early 1980s, when personal computers arrived in the business world. New software programs enabled companies, for the first time, to design and produce their own graphic materials in-house. Every company needed desktop publishing; corporate bean counters promoted the cost savings; anyone who learned how to use the software claimed to be a graphic designer, and the trend resulted in the most unprofessional and ineffective marketing & sales collateral every produced. Over time, even the bean counters came to understand that misapplied technology can be very costly.

The impact and potential of social media is far more significant than desktop publishing, but this also means that its range of casualties and cost of misapplication are exponentially greater. Simply, there are far too many B2B companies that are either:

-  using inappropriate social media tools,

-  not using appropriate social media tools correctly, or

-  missing opportunities to use appropriate social media tools.

At the risk of generating a firestorm of debate from social marketing gurus armed with clicks, likes, re-tweets and other forms of meaningless ROI validation, and based on the social media casualties we’ve seen or treated first-hand, the following guidelines are suggested for small and medium-sized B2B firms:

  • Focus on Your Website. This is the online mother ship of your brand. Don’t bother with social media tactics unless this tool is all that it can be. If your website has not been refreshed and updated in the last 3 years (which means more than simply sticking press releases in the “News” section), then your company is due for an overhaul.
  • Blog Correctly, or Don’t Have One. A company blog is the most effective way to leverage social media. But if you are unable or unwilling to generate meaningful content on a consistent basis (at least twice a month), or to merchandise your blog content properly (which means taking specific steps to promote the content with target audiences), then do not start a blog. If you already have a blog and you’re not meeting those goals, then shut the blog down. It’s a brand liability.
  • Forget Facebook, Twitter and Google+. These are primarily personal and B2C social media platforms, and there are few good reasons why most B2B firms should be investing any time or resources there. In terms of demographics, it’s telling that Twitter’s top 3 profiles belong to Justin Bieber, Lady GaGa and Katy Perry, but if your B2B firm needs quantitative evidence to support dropping these social media platforms, here is some recent research from Pew Research Center:

PRN_landscape_social_media_users

  • Use YouTube Selectively. YouTube can be a very effective social media channel for B2B firms. But your video products must be sophisticated, professionally produced, and no longer than 3 minutes. Resist the temptation to include sloppy, home-made productions, or hour-long webinar presentations. They reflect poorly on your brand, and few people will watch them. Ensure that you develop ways to drive consistent traffic to your YouTube channel.
  • Build Your LinkedIn Presence. LinkedIn is 3x more effective for demand generation than either Facebook or Twitter. LinkedIn has become an essential part of the business world’s due diligence process, and your company is conspicuous by its absence. Unfortunately, few companies take full advantage of LinkedIn’s social media potential. Their corporate profiles often do not contain adequate information, they do not merchandise blog-related and other relevant content, fail to connect through industry user groups, and their employees’ profiles are inconsistent and sometimes unprofessional. Most B2B companies would be well served to invest 100% of their social marketing effort through LinkedIn.

Very often, the root cause of dysfunction and disappointment related to the application of social media tools by B2B firms has less to do with the shortcomings of the various platforms, and more to do with the lack of a coherent and articulated marketing strategy. Chances are, if a B2B firm is spinning its wheels in the morass of social media, they’re having similar challenges with traditional marketing communication channels as well.

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5 Ways You Can Merchandise the “Masthead Value” of Publicity

Not to be confused with "The Wall Street Transcript"

Not to be confused with “The Wall Street Transcript”

Many companies will invest considerable effort seeking positive publicity in influential media sources, and then fail to benefit from the masthead value of that exposure.

Originally a seafaring term relating to the brass plate attached to a ship’s mainmast that memorialized its owners and builders, a publication’s masthead lists the members of its current editorial and production staff. The industry term “masthead value” can be defined broadly as the level of stature, credibility and influence associated with a specific media source. The Wall Street Journal, for example, has high masthead value; the Wall Street Transcript…not so much.

Masthead value can be relative. A respected trade or professional publication in a particular industry may have greater masthead value – in terms of its influence with a particular audience – than high value publications such as the Wall Street Journal or New York Times. For example, physicians are likely to assign the New England Journal of Medicine greater masthead value than the Journal or Times on topics relating to clinical care of patients.

Masthead value should drive your publicity strategy. A placement from a single highly respected source can be far more valuable, in terms of influence, than a dozen hits with low masthead value. Because gaining inherent 3rd party endorsement is the end goal, in the publicity game quality always trumps quantity.

Here are 5 ways to leverage media placements with strong masthead value:

  • Put high value placements directly in front of your target audiences – Even if your coverage appears on the front page of the Wall Street Journal or makes the cover of Fortune magazine, don’t assume it will be read by clients, prospects, referral sources…or even by your employees. There’s simply too much offline and online noise to ensure that any media exposure on its own will gain the attention you’re seeking. If you’ve developed an internal CRM-driven discipline to communicate directly and regularly with target audiences, then you’re well prepared to apply that distribution capability to increase the chances that decision makers will notice, remember, and respond to your high value exposure. (Lacking that discipline, your time may be best spent building an effective distribution capability, in advance of seeking additional publicity.)
  • Avoid “Hey, look at me!” self-promotion – Pickup in a media source with high masthead value provides some reason for high-fives internally, but it should not serve as a platform for self-promotion. Extreme examples of this error include companies that issue a press release, or generate Twitter and Facebook postings to announce, for example, that their CEO has been profiled in Inc. magazine. This type of over-reaction to high value publicity suggests to target audiences that you were surprised to receive the media endorsement, and therefore may not have really deserved it. The key is to showcase the media exposure in a relevant context (you may need to create this), to make the media placement secondary to the underlying content (such as the reasons why your CEO was profiled in Inc.) and to pull off these tasks with a matter-of-fact level of self-confidence.
  • Rank graphics over content, in terms of impact – Most people are surface readers. Online visitors are more likely to scan images, heads, subheads and captions, than they are to read body copy. (Long blocks of copy on websites that require scrolling are rarely read.) If you’ve earned a placement with high masthead value, you can increase the likelihood of your company being associated with the “endorsing” publication by displaying its logo with the capsule description and link to the placement. To be clear: the critical element is the logo. If your placement is from the New York Times, for example, you should replicate the logo – as it appears on the front page of that publication. Based on how people gather information, simply typing, “from The New York Times,” or a similar attribution, is about 75% less effective than actually depicting the New York Times logo.
  • Prominently showcase high value placements – If you’ve invested and succeeded in generating media placements with high masthead value, why make it difficult for target audiences to find them on your website? Rather than burying influential publicity in an obscure “In the News” section that requires multiple clicks for visitors to locate, you can amortize your investment in publicity (and perhaps improve your website’s bounce rate in the process) if you create a location for these high value items on your home page. This can be accomplished by applying a design format in which the content either remains fixed or is refreshed regularly. For formats that supply current information, extend the shelf-life of each placement by not including its publication date.
  • Cite a relevant endorsement on your home page – One of the most effective  ways to  merchandise high-value media exposure is to select a very brief, relevant phrase from the coverage, for placement in a prominent position on your home page. Here’s a hypothetical example:

“…a recognized authority in Big Data technology.”

                                                       –Wired Magazine

By limiting your publicity efforts to media placements with high masthead value, and by ensuring that those placements are effectively merchandised through direct communication, social media tools and proper website visibility, PR practitioners will spend far less time worry about the ROI of public relations. The fruits of their labors will be self-evident in tangible business metrics, ranging from lead generation to high search engine page rankings.

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What the US Marines Can Teach Your B2B Firm about Marketing and Sales

Every Marine a Rifleman

Every Marine a Rifleman

“Every Marine a Rifleman” is a basic tenet of the US Marine Corps.  At boot camp, every marine receives training in marksmanship, hand-to-hand combat and teamwork. Regardless of how (s)he ends up serving in the Corps – as a mechanic, lawyer, clerk, pilot, dentist or pastry chef – every marine is prepared and expected to apply their combat training whenever it’s required. That rifleman commitment serves as a tactical cornerstone of the Marine Corps’ Semper Fi (“Always Loyal”) motto.

B2B companies – professional service firms in particular – can benefit by creating a culture similar to the Marine Corps; training all employees with basic marketing & sales skills that can help the firm to grow and succeed. “Every Employee a Sales Rep” should be fully ingrained across a company’s work force, from the front desk to the corner office.

Many B2B firms – in legal, accounting, financial services and consulting disciplines – employ at least one rainmaker, typically a founding member, who brings in the lion’s share of new business. But that “outside / inside guy” dynamic puts a company at risk, because rainmakers can depart unexpectedly (by choice or by ambulance), and the firm’s growth rate is always limited by their energy, motivation and availability.  More importantly, this business model fails to leverage a firm’s “inside guys,” whose individual and collective business relationships, skills, experience and credibility should be harnessed to drive consistent revenue growth and to scale the operation.

Regardless of their title, job description or capacity to work the room at a social event, every B2B executive should be given training, tools and ongoing support that empowers them to:

  • Manage Their Personal Brand – Clients hire individuals, rather than a firm, to help them. To showcase their credentials, every account practitioner should maintain a complete and up-to-date biographical profile on the company’s website and on LinkedIn. To expand their visibility, they should also participate in at least one activity unrelated to employment, whether  that’s membership in the local chapter of a professional trade association, their daughter’s soccer team, or a fly fishing club.
  • Articulate the Firm’s Value Proposition – Many employees, even at the senior level, do not have a clear understanding of what makes their firm different from the competition, and are at a loss to provide a compelling      reason why someone should engage them. Like a good marine, every employee should know their firm’s “elevator pitch,” and be prepared to recite it whenever someone asks, “So…who do you work for?”
  • Nurture Their Professional Network – Every practitioner has a network of current and former clients, associates in other disciplines, friends, relatives, neighbors and individuals they’ve met at conferences or social events.  Business contacts are often included in the firm’s CRM system, and may receive quarterly newsletters or other communications issued by the company. But account practitioners should also maintain direct and regular contact with their entire personal network in order to nurture and expand those relationships, because referrals are driven by casting a wide net.
  • Drive Top-of-Mind Awareness – The marketing challenge for most B2B firms is making the short list of candidates called in for an assignment. To increase their odds of getting that call, firms must constantly sow seeds with clients, prospects and referral sources, driving top-of-mind awareness regarding the firm’s capabilities and credentials. Every practitioner should play an active role in that process by generating relevant content – in the form of blog posts, bylined articles, case studies, industry updates, slide presentations, etc. – that can be merchandised by the firm to keep the firm in play.
  • Sell Intrinsically – Because “inside guys” embody the firm’s intellectual capital and deliver its services and solutions, they are best prepared to demonstrate to prospects and clients the firm’s capacity to add value, which is its most powerful sales tactic. Intrinsic (or “consultative”) selling is what converts prospects to clients, and not including account practitioners in the sales presentation process can handicap a firm’s growth potential.
  • Seek Cross-Selling Opportunities – The professional practitioner assigned to an account is the steward of that relationship. As a trusted advisor, the practitioner has an in-depth understanding of each client’s current needs, as well as insight into what additional services might be of value. Based on that 360° perspective, the account practitioner is in the strongest position to recommend new services or an expansion of existing work. But many practitioners fear this solicitation will compromise their professionalism, or put the client relationship at risk. Both of those obstacles to increasing account penetration can be addressed with proper tools and training.
  • Ask for Referrals – This is a tough task for most account practitioners.  However, if they’ve nurtured their network, gained confidence by learning how to cross-sell to existing clients, and have rehearsed the referral request process, then practitioners can make this a painless routine.

“Every Employee a Sales Rep” will not be achieved simply by establishing firm-wide mandates. The program must be driven by internal disciplines – consisting of written guidelines, worksheets and in-house training – that provide employees with proper guidance, support, feedback and motivation. Combined with a senior-level commitment to change the culture, and firm-wide acknowledgement that the transformation will be difficult, your B2B company can greatly enhance its sales and marketing capability. Semper Fi.

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Tennyson Delivers Skyfall’s British Bulldog Moment

To strive, to seek, to find, and not to yield.

In her 7th and final role playing “M” in Skyfall – the latest in a series of 23 James Bond movies produced over the past 50 years – Dame Judi Dench appears before Britain’s Intelligence and Security Committee to defend her record as head of MI6 – the government agency which supplies Her Majesty’s Government with foreign intelligence.

Under pressure to explain breaches in MI6’s internal security, the 007 matriarch waxes poetic, quoting a few lines from one of her late husband’s favorite poems:

“…We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.”

Students of the late Professor Arthur R. Reil, Jr.’s English Lit course at Fairfield University – having memorized all 70 lines of that particular poem (as well as several odes and sonnets) – recognized Dench’s reading immediately as Ulysses, written by Lord Alfred Tennyson in 1833.

Some Cliff Notes for Biology majors: Ulysses is the ancient warrior hero of Homer’s Odyssey. British poet Tennyson envisions Ulysses speaking this narrative after having returned from the Trojan War to Ithaca, the kingdom he rules. Before he leaves Ithaca to embark on his final voyage, Ulysses describes his boredom with domestic life and fear of old age, longing for a return to his lifelong quest for adventure and knowledge.

Lord Tennyson was Poet Laureate of the United Kingdom during much of Queen Victoria’s reign and remains one of Great Britain’s most popular poets. But when Tennyson wrote Ulysses, he was living in cramped quarters with his mother and nine of his ten siblings, with little income and in failing health. The poem was written shortly after, and influenced by the death of his close friend, the poet Arthur Henry Hallam (1811–1833), who was engaged to Tennyson’s sister Emily. The parallels between the plight of Ulysses and Tennyson’s personal circumstances continue to be the focus of countless, thoroughly boring Ph.D. dissertations.

Although it has been the subject of sniping since the film’s release, the Skyfall screenwriters’ rationale to interrupt their action movie with a brief poetry reading was very clear, and in my view, displayed noteworthy cinematic craftsmanship by providing the “British Bulldog Moment” that’s an essential element in every James Bond installment.  (For movie-goers who miss the point of the poem, Skyfall’s screenwriters provide a Union-Jacketed, Royal Doulton ceramic bulldog that “M” bequeaths to 007.)

What’s far less clear – some 40 years after Professor Reil forced me to memorize Ulysses – is how I can still remember and recite verbatim at least the first 10 lines of that epic poem (and up to 15 lines, after downing 3 Guinness stouts)…but I can never remember a new name or phone number for more than 30 seconds unless I write it down.

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The Harvard Cheating Scandal: Do Administrators Need “Public Relations 101″?

Harvard University announced last week that the school is investigating 125 students for possibly cheating on a take-home final exam for “Government 1310: Introduction to Congress.” After reviewing more than 250 take-home exams turned in last Spring, the Harvard College Administrative Board has opened cases involving nearly half the 279 students enrolled in the class. The school has contacted every student whose work is under review, who now face sanctions that include suspension for up to a year.

In considering whether Harvard may have caused significant long-term damage to its own reputation unnecessarily, let’s ignore some fuzzy facts and conjecture:

  • The course, as measured by the professor’s own words and behavior, did not reflect a level of academic rigor one might associate with a prestigious university.
  • Take home exams, by their very nature, are generally considered a joke by most students.
  • Apparent confusion over at least one of the exam’s questions was exacerbated by the unavailability of the professor during the exam period, causing students to seek clarification from fellow classmates.
  • It’s unlikely that such a large proportion of the class would purposely cheat on what appears to be a gut course.

In examining whether Harvard may have caused significant long-term damage to its own reputation by acting in a hasty and imprudent manner, let’s speculate on a few likely catalysts:

  • After discovering similarities in the exams, and in advance of sending out letters to the 125 students suspected of cheating, Harvard failed to consider the high likelihood that this issue would quickly become a news item. If the school had acknowledged that risk, Harvard would (or should) have announced the scandal in advance of sending out letters to students.
  • Harvard likely became aware of the possibility of negative media coverage either after a call from a reporter, or in reaction to a threat from a student (or their lawyer) to make this a public issue.
  • Regardless of when and how Harvard began to think about negative media exposure, the most significant catalyst that caused administrators to blow the whistle on the affair was a post-Penn State fear that Harvard might be accused of hiding or covering up an incident related to institutional integrity.

If this speculation is correct: that Harvard overlooked the potential media impact of its cheating inquiry, and then blew the whistle on itself mainly as a knee-jerk defensive strategy….here are two fundamental PR lessons from this brand debacle:

  1. Assume the press will always learn about a problem, and plan an offensive strategy (well ahead of time) to minimize the damage. Because Harvard has long enjoyed a pristine reputation, it’s likely that their PR professional was not involved in this issue from the outset, or they had little input.
  2. If the press is on your damaging story, or is likely to be very soon, sometimes it’s better to keep your powder dry if you haven’t planned ahead. Harvard would have been better served if the school had completed its inquiry of the 125 “cheaters” in advance of its public announcement. Even with the media pounding on its doors, Harvard would have provided those 125 students and the school’s reputation with greater justice by responding publicly that “the issue is under investigation and a public statement will be issued only after all the facts and opinions are considered.”

Ham-fisted, panic motivated PR – even when it’s disguised as a self-righteous effort to maintain academic integrity – is not behavior you’d expect from one of the nation’s smartest institutions.

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Augusta National Throws Women a Bone. Should Condi and Darla Return the Favor?

Darla and Condi Have No Reason to Celebrate

Augusta National Golf Club, long revered by the golfing world as the Sistine Chapel of their sport, announced with great pride (a “joyous occasion,” according to Augusta Chairman Billy Payne) that it had invited bureaucrat Condoleezza Rice and financier Darla Moore to join the club as its first female members.

For decades, Augusta National has defiantly withstood public criticism and pressure to admit female members on the basis that as a private institution the club is under no obligation to accept anyone – regardless of sex, race, religion or sexual preference – who does not pass muster with the boys who hold the keys to the front door.

Ever since golfing legend and bona fide Southern gentleman Bobby Jones co-founded Augusta National some 80 years ago, the club has served as the stage for the Masters Tournament, considered by many as golf’s most important international competition, perhaps with exception of the Ryder Cup. And it’s Augusta National’s association with the history and tradition of the Masters that provides the club with a level of prestige (and arrogance) that exceeds St. Andrews and Pebble Beach combined.

During his days as Microsoft’s CEO, Bill Gates faced Augusta National’s arrogance first-hand when denied club membership for publicly stating that he wanted to be a member. As punishment, Augusta forced Gates to eat crow for several years before he was allowed to wear a member’s green jacket.

But Augusta National’s bullying isn’t limited to their admission process. A little known fact is that once admitted to the club, a member is not assured of continued membership and may be dropped at any time for any reason with no explanation. In fact, the only way Augusta National members know if they are still members is by the arrival of their annual dues invoice in Spring. No invoice means your invitation has been withdrawn.

Augusta National is not about golf; it’s about power. It features a golf course that’s closed for a good part of the year to protect the pristine fairways and sacred greens that its well-heeled members rarely play on.  Augusta National is not about golf; it’s about prestige. The club bestows membership to America’s corporate royalty the same way the Queen of England awards knighthoods and MBE titles…but with far less intelligence and transparency than the British monarchy.

The sad truth is that women have nothing to cheer over the “joyous occasion” at Augusta. This publicity stunt does not represent a meaningful change in the club’s policy of exclusion, and provides Augusta National with convenient and high profile validation that it will continue to exercise its right, as a private club, to do whatever it wants whenever it wants.

If Condi and Darla are serious about playing golf, there are scores of world-class private clubs that have been accepting women as members for many decades. And if Condi and Darla are serious about advancing the cause of women’s rights, they should decline Augusta National’s invitation. And they should make a lot of noise in the process.

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Do Most CEOs Lack Social Skills?

Do CEOs need charm school, rather than business school?

According to a new study sponsored by Domo and CEO.com, CEOs at Fortune 500 companies are participating in social media channels significantly less than the general public. The study claims that 70% of them have absolutely no presence on social media.

On the major social networks, including Facebook, Twitter and Google+, the participation of Fortune 500 CEOs was minimal, with only 7.6% on Facebook, 4% on Twitter, and less than 1% on Google+. In comparison, more than 50% of the U.S. population uses Facebook and 34% uses Twitter.   No Fortune 500 CEOs are on Pinterest.

LinkedIn is the most popular social media site among Fortune 500 CEOs, with 26% on the network, compared to just 20.15% of the U.S. general public. Of that group, ten Fortune 500 CEOs have more than 500 LinkedIn connections, while 36 CEOs have 1 LinkedIn connection or none.

Six Fortune 500 CEOs (or more likely, their PR departments) contribute to blogs, and only one of the six CEOs, John Mackey of Whole Foods, maintains his own blog.

Given the demographics of Fortune 500 CEOs, none of this news is jaw-dropping. Older, well-established corporate guys (and gals) in the business world’s stratosphere are not wired for social media.

But here are some potential take-aways from the research:

  • The propensity of C-level executives at companies of all sizes – well below the Fortune 1000 level – to invest time on social media outlets is extremely low. Top decision-makers spend most of their day dealing directly with people within their own sphere of influence. And most C-level execs still are not convinced that social media is anything more than a technology hula-hoop that will eventually run out of steam.
  • Marketers attempting to reach and influence C-level decision-makers are still best-served by leveraging the channels that are used and respected by that target audience…including traditional business media sources and professional forums; and by seeking to influence the 2nd and 3rd tier corporate executives who provide insight and guidance for  C-level decision-makers…which may involve selective use of social media tools.
  • Aspiring CEOs may still be more likely to reach the top of the corporate ladder by joining the right country club, rather than by having 500 connections on LinkedIn.

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