Tag Archives: social media

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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The Dirty Secret Behind Sir Richard Branson’s Attack on the Suit and Tie

Joseph Stalin Refused to Wear a Tie

For Sir Richard Charles Nicholas Branson – the English business magnate known for his Virgin Group of more than 400 companies, his daredevil exploits, his humanitarian deeds, and his estimated net worth of $4.2 billion – nothing is more important than brand image.

Largely because Virgins are always in short supply, Branson serves as the personification of his brand, and works hard to nurture the image of a counter-culture, free-spirited, creative thinker who’s always ready with new solutions to old problems, eager to challenge the status quo. The public’s role is simply to accept the underlying notion that Branson’s companies all embody the same sort of energy and positive thinking that he exhibits, and to ignore the fact that several of his ventures have gone belly-up over the years.

So it’s no great surprise for Branson watchers to see him crank up his PR machine to attack formal business attire – specifically the suit & tie – as the greatest threat to capitalism since Joseph Stalin (who, ironically, was never photographed wearing a business suit.)

Evidence of Branson’s well-managed crusade to disparage the defenseless suit & tie can be seen everywhere. He’s in London snipping off $125 silk ties from people he meets. He’s in Entrepreneur Magazine extolling the virtues of the open collar workplace. He’s on CNN, with his toothy smile, explaining why it’s impossible to be creative while wearing a business suit. Here’s a sampling of the Branson propaganda:

“Suits and ties in an office are just another type of uniform, but in an arena where uniforms no longer serve any useful purpose. At one time they probably showed that the wearer was, at the very least, able to purchase and maintain a fairly expensive piece of fabric. Now, however, in an individualized, interconnected culture, your achievements speak for themselves. The suit and tie is an anachronism.”

If businessmen believed that not wearing a suit & tie would make them more creative, move them up the corporate ladder faster, or get them closer to earning their first billion dollars, they’d all be on the Branson bandwagon. If casual wear was the proven secret to success, they’d all wear pajama bottoms, tank tops and Crocs to work (which happens to be the official uniform of everyone who works from home.)

But suit & tie wearing business professionals all know two important things that Richard Branson is never likely to understand or to acknowledge:

  • Throwing on a suit and tie at 6 o’clock in the morning requires very little time or effort, and involves zero concern that what you’re wearing will be the butt of jokes at lunchtime, and…
  • Rumor has it that Virgin Menswear LLC – a new concept in men’s fashion – is currently under development by Sir Richard.

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Should Companies Manage Their Employees’ LinkedIn Profiles?

Everything Counts in Brand Management

LinkedIn has become an important business channel, not only for individuals to showcase their professional credentials, but also for companies seeking to promote their value proposition and to establish or manage brand awareness.

LinkedIn is no longer simply a social media tool that enables corporate executives to put themselves in play for a better job under the guise of “networking.” LinkedIn also is no longer just a digital marketplace for consultants, freelancers and agencies seeking new clients. For better or worse, LinkedIn has become part of the world’s due diligence process: a public resource that enables employers, customers, regulators, competitors, prospective employees, referral sources, vendors, creditors, shareholders, research analysts and journalists to look beneath the covers, and to establish an opinion (or decision) not only regarding individuals, but also the companies they work for.

Although LinkedIn provides companies with an opportunity to present a basic or enhanced (for a hefty fee) corporate profile, what most businesses either fail to recognize – or are reluctant to address – is that the content, quality and consistency of individual and collective descriptions of the company embodied within their employees’ LinkedIn profiles can have a significant impact on brand perceptions. (These brand implications are less significant on Facebook, which is not generally viewed as a business channel.)

To illustrate the point, simply in terms of brand clarity and consistency, here are 5 different ways (grammatical shortcomings and typos included) that High Street Partners – an 80-person Boston-based consulting firm – describes itself through various LinkedIn profiles of its employees:

“High Street Partners is an international business services firm. We simplify the management and control of international operations, empowering our customers to capitalize on their growth opportunities in foreign markets.”

“High Street Partners (HSP) is the leading professional advisory firm in the international expansion space. We offer a range of cross-border finance and administrative services to organizations with new or existing global operations, including entity set-up, payroll, accounting, tax compliance, advisory and HR services.”

“High Street Partners provides international business services to companies operating overseas. These services include international accounting, tax, global cash management, HR and compliance solutions that mitigates a Company’s risk when operating in foreign markets (www.hsp.com.)”

“Our cross-border solutions enable the HQ finance and HR teams to quickly and efficiently implement expansion plans, establish appropriate entities, get overseas employees paid, and navigate unfamiliar overseas tax codes and compliance regulations.”

“Providing financial, tax and compliance services to companies in their international explansion.” (sic)

There are (at least) two fundamental issues involving LinkedIn:

  • The employees’ right to describe themselves any way they see fit on social media sites, and
  • A company’s right to protect its brand reputation through accurate and consistent descriptions of the enterprise that are posted on social media sites by its employees.

Although the underlying issues related to freedom of expression and corporate intrusion frequently serve as catalysts for heated protests and endless debate, there is really no good reason why both employee and corporate interests cannot both be served, if the process is managed in a reasonable, respectful manner.

At the risk of over-simplifying an issue that can quickly escalate to union grievances, CEO town hall meetings, picket lines and national media coverage, perhaps the company’s Chief Marketing Officer can initiate the change process with an internal memo along these lines:

Dear Valued Employee:

We are encouraged to see that so many of our staff members are using LinkedIn to develop professional networks. Increasingly, social media tools like LinkedIn are playing an important role in personal and corporate life.

While we recognize and support your personal right to participate in social media sites, we would like to ensure that the descriptions used in your LinkedIn profile to describe our company are consistent with the guidelines we’ve established to enhance understanding and appreciation of our corporate brand.

Toward that end, we would greatly appreciate your cooperation in using only the approved description of our company for your LinkedIn profile. This company description is located on Page 3 of our Employee Handbook. In fact, we have recently added some additional suggestions regarding LinkedIn profiles, which you may find helpful.

Thanks for your support on this important issue. If you have any questions or concerns on this topic, please let me know.

Your Friendly CMO

An alternative approach regarding brand presentation in employee LinkedIn profiles is to do nothing. Maybe it’s an issue that’s too insignificant or considered not worth the time. But companies with enduring world-class brands understand that everything matters. That’s one reason why you never see a dirty UPS or FedEx delivery truck.

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Did The New York Times Purposely Fuel the Goldman Controversy?

A Compromised Value Proposition?

If the biggest loser in disgruntled employee Greg Smith’s recent OpEd piece was Goldman Sachs, then the apparent winner in this high-profile media sideshow was The New York Times. Rarely has an opinion piece on any topic, published in any major newspaper or periodical, attracted so much attention and controversy.

The veracity of Mr. Smith’s opinion and the timeliness of his topic notwithstanding, is it ever appropriate for a publication as widely read and long-respected as The New York Times to provide a platform for one disgruntled employee? In publishing Mr. Smith’s description of Goldman’s shortcomings, and his heartfelt reasons for quitting the firm, did The New York Times supply an inherent level of credibility and endorsement of Mr. Smith’s position?

If The New York Times was genuinely interested in presenting its readers with a balanced viewpoint – traditionally a fundamental responsibility of the Fourth Estate – would it not have given Goldman Sachs an equal editorial platform to present the firm’s response to Mr. Smith – ideally in the same issue and on the same page as Mr. Smith’s OpEd piece? Or was the element of surprise part of the publication’s marketing strategy?

In the Greg Smith / Goldman Sachs matter, The New York Times appears to have borrowed a page from the playbook of now defunct Jobvent.com, a website that pioneered a viral platform for anonymous employees to post their titillating rants on real and imagined injustices by their employers.

As the line separating bona fide news reporting from entertainment continues to erode, and as advertising revenues disappear, in its decision to print Mr. Smith’s largely unsubstantiated viewpoint, The New York Times may be complicit in trading in its legendary journalistic standards for a temporary spike in brand recognition and readership.

By delivering self-serving content of this caliber, the Gray Lady likely revealed more about its own integrity than that of Goldman Sachs.

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No-Cost, Cornball Marketing Can Drive B2B Top-of-Mind Awareness

LtoR: Heather Fuller, Andrew Crisp, Percy, Gary Thompson, Mickie Kennedy. Missing: Nimmi, the acrobatic dog.

eReleases competes with dozens of electronic news distribution services, all seeking to charge companies and PR agencies hefty fees to put their press releases in front of journalists, in hopes of capturing the media’s attention and coverage.

After some polite online badgering by eReleases, Highlander Consulting gave that upstart firm a shot last week; tasking them to distribute a press release for one of its clients, CAP Index Inc. – a leading provider of  crime forecasting data and risk analytics.  eReleases’ results were as good as, or better than, any of its larger, better-known competitors.

But what impressed us more than the quality of their service, was the no-cost, cornball guerilla (included in photo) marketing tactic that eReleases applied to thank us for our business.

A whacky whiteboard “eReleases Welcomes…” photo, personalized by name, sent by editorial director Heather Fuller, was embedded with this note:

“We just wanted to take the opportunity to personally welcome you as a valued eReleases customer and let you know we’re not just a website in some guy’s basement. 🙂

If you ever have any questions or concerns, pick up the phone and call us. All of our editors pick up the phone. No pushy salesperson or operator standing between you and us.”

So….what service provider will Highlander think of FIRST the next time we need to distribute a press release online?

Marketing Lesson: Cheap, clever and memorable can beat costly and sophisticated when it comes to driving top-of-mind awareness with targeted B2B audiences.

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BMW’s Storm Cooper: A Mini-Coup Rather than a PR Blunder?

Stormy Weather for BMW?

For a fee, Germany allows people or companies to sponsor the names of weather fronts. So last month, to promote the “wind and weatherproof” capabilities of its Mini Cooper line, BMW’s marketing agency purchased naming rights to a high pressure system that originated in Siberia.

But the Cooper storm turned out to be far more than weather forecasters and BMW expected. As the storm made its way through Eastern Europe, its sustained sub-zero temperatures were attributed to the deaths of more than 250 people.

PR industry pundits and critics have been quick to jump on BMW for its decision to associate its brand with what has turned out to be one of Europe’s most deadly winter storms on record. A headline in the Wall Street Journal announced: “Weather Deal Backfires for BMW’s Mini.”

But did it really?

Although BMW quickly and properly issued a statement saying that it regretted the weather front’s severity, and distancing itself from the deadly consequences of weather, the car company’s $400 investment in Storm Cooper may have been a PR bonanza rather than a black eye.

The Wall Street Journal’s position notwithstanding, few people are likely to blame BMW for the storm’s impact, or to associate the Mini Cooper brand with the casualties. However, if top-of-mind awareness is a beneficial marketing objective for a car company, then the exponentially greater, world-wide storm-related coverage for BMW’s Mini Cooper marque certainly won’t hurt showroom traffic or the company’s balance sheet.

In this case, the old saw, “All publicity is good publicity” may well be true. I’m confident that BMW’s marketing agency considers this a solid win, rather than a blunder.

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Glassdoor.com: Social Media Tool or PR Nightmare?

Learning to Live With Employee Opinion

Since its founding in 2007, Glassdoor.com has become an important research tool for job hunters, corporate recruiters, and anyone looking for unvarnished behind-the-scenes insight into what really goes on behind corporate doors. Although Vault.com – established more than a decade earlier – serves much the same purpose, Glassdoor.com represents a far greater online brand risk…largely because the website provides free access to remarks posted by real, bogus and often disgruntled employees, and because those negative postings are often found on Google page one searches involving the company under fire.  For many of the 250,000 companies it currently covers, Glassdoor.com can be a PR nightmare waiting to happen.

Websites dedicated to employee dissatisfaction were social media pioneers; empowering workers to publicly call their manager a “5-Alarm Nut Job” without retribution, to gripe about low pay or a lousy lunchroom, and to warn others to look elsewhere for a job.  The most notorious of these early sites included RateMyEmployer.com (currently on life support),  F**kedCompany.com (which died in 2007) and JobVent.com, which was acquired by Glassdoor.com in 2009. The demise of this scruffy first generation of workplace gripe sites gave way to an even more powerful and credible second generation of professionally managed, sophisticated sites like Glassdoor.com, backed by private equity investment, and fueled by business models that ensure their long-term existence.

Here’s a survival guide for companies seeking to avoid, minimize or benefit from brand exposure that’s delivered on Glassdoor.com:

Address Root Causes – Companies that focus on employee satisfaction and provide internal channels for rank & file feedback have far fewer negative postings on Glassdoor.com. Effective workforce management, however, does not ensure a positive outcome on the site. For example, Texas-based Beryl Health (formerly Beryl Companies) is well-known for its employee-focused culture, and was a “Best Place to Work in Healthcare” according to Modern Healthcare magazine. Beryl’s former CEO Paul Spiegelman even wrote a popular book about the importance of employee motivation. But Beryl’s current Glassdoor.com rating is 2.5 (unsatisfactory) on a 5-scale, based on a few negative postings (of seven reviews in total) from its employees.

Work The System – To their credit, Glassdoor.com does have a protocol for screening out employee rants that violate their standards of legality and good taste. They also have a viable internal system for moderating comments that are flagged by another party as “Inappropriate.” As a last resort, if a posting is believed to be bogus, particularly harmful or libelous, a company can appeal directly to Glassdoor.com’s corporate General Counsel. There’s no need to be victimized. Companies should monitor employee comments on Glassdoor.com, and respond directly and aggressively when appropriate.

Purchase a Profile – For a fairly reasonable price, Glassdoor.com will provide an “Enhanced Employer Profile,” featuring a comprehensive description of your company. I don’t work for Glassdoor.com in any capacity, or receive compensation for promoting its products, but it’s a no-brainer to take advantage of an opportunity to provide credible, positive content that can offset misinformation, warts and shortcomings that others are sharing online.

Lobby for Support – It’s no secret that many companies “encourage” their happy employees to post positive comments on Glassdoor.com as a means to bolster their overall Company Rating. Unfortunately, some companies assign this role to their PR department, whose staff members pose as anonymous employees, pumping out false praise and motivating detractors to post additional rants. In some cases, it may be beneficial to lobby for employee support on Glassdoor.com by asking them to express their satisfaction with the company. However, this solicitation must be carefully planned and expressed in a genuine manner, or the potential for this effort to backfire, internally and online, is fairly high.

Embrace Criticism – When online detractors echo similar complaints, it usually means there’s some underlying truth to what they’re griping about. It also means that Glassdoor.com visitors will begin to believe them.  Although it’s contrary to corporate instincts, the quickest way for a company to stop online rants is to fix the related problems, or to explain to employees why it won’t or can’t. Allowing Glassdoor.com to serve as a canary in the coal mine can avoid problems that may be more significant than brand reputation.

Glassdoor.com is an online reality that requires pro-active and consistent oversight by fiduciaries of the corporate brand.  Understanding how to peacefully coexist and leverage this influential social media tool enables companies to minimize negative brand impressions, drive recruitment and demonstrate their institutional backbone to current employees.

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PR Lesson from a Twitter Flap

Emma Sullivan

@emmakate988

Just made mean comments at gov brownback and told him he sucked, in person #heblowsalot

When Shawnee Mission High School student Emma Sullivan jokingly tweeted her friend on November 21st, expressing her opinion of Kansas Governor Sam Brownback’s education policy, she had no reason to suspect that her 87-character message would ignite a firestorm of national debate; generate media exposure from nearly every major news source; increase her Twitter followers to nearly 16,000 from 61; or make her the poster child de jour for the First Amendment.

It wasn’t Emma’s tweet that caused the high-profile controversy. The flap was created by a staffer in Governor Brownback’s office who was compelled to contact the leader of Emma’s “Youth in Government” program, who notified Emma’s high school principal, who demanded an apology from Emma, who responded by notifying the media that her God-given American right to tweet was threatened. Stop the presses: we’ve got ourselves a sexy story that’s ready for prime time.

At this point, Governor Brownback and the Shawnee Mission School District had a big decision to make: either hold your ground, or back off a controversy that the media was likely to milk for days, and would position the governor and educators as free speech bullies and social media terrorists.

Contrary to decision-making you might expect from politicians and bureaucrats, both parties immediately backed down. The governor issued an apology, and the school district publicly stated its support of free speech and said Emma was not required to apologize. Smart move.

The PR lesson from this tweet heard round the world is that an apology is often the most effective way to limit damage to one’s reputation or brand. It takes guts to admit an error, but if it’s done correctly, you can build goodwill that offsets the mistake.  For some guidelines on how to apologize correctly, check out Ken Makovsky’s blog post on John Kador’s book, “Effective Apology.”

Emma Sullivan might want to put Kador’s book on her Christmas wish list. She has yet to learn basic diplomacy skills from her Youth in Government program. To date, Emma has refused to apologize for her salty tweet.

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