6. Get ready for the backlash Gartner Hype Cycle Peak of Inflated Expectations Trough of Disillusionment Slope of Enlightenment Plateau of Productivity
32. Economic altruism “ people like to create & wish to share. A surprising amount of useful, creative or expressive activity is generated without any financial incentive at all”
51. Ignorance is no excuse “ We would love to go on Facebook and we have been having a discussion around that, but it is uncharted territory ” (HSBC Executive)
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54. “ People don't want to buy a quarter-inch drill. They want a quarter-inch hole!” Theodore Levitt, Harvard Business School
55. Clients don’t need a Facebook strategy They don’t even need a social media strategy … they need communications strategy … or customer engagement strategy … with social media at its heart
Quick survey around the room to establish personal level of involvement in social media
Pulse of nation = 18,000 consumer panel Aisle Spy = blog & web cams & video Bright Ideas = money saving (5% of savings)
Pulse of nation = 18,000 consumer panel Aisle Spy = blog & web cams & video Bright Ideas = money saving (5% of savings)
Pulse of nation = 18,000 consumer panel Aisle Spy = blog & web cams & video Bright Ideas = money saving (5% of savings)
The brief called for provocation & inspiration In spirit of biting the hand that feeds me … I will start by attacking the title
Authority has been Dispersed Traditional authority figures – business leaders, politicians etc – have plummeted in the trust stakes over the past decade. The Edelman Trust Barometer bears witness to this – in some countries, trust in the CFO is as low as 20%. Meanwhile, trust in corporate advertising (13%) and corporate websites (24%) is also sinking fast – as the authority of (fellow) employees, peers, friends and family (40%) continues its inexorable rise. Engagement with audiences now needs to be through multiple voices and multiple channels – latest Trust data suggest five times/ five people/ five places. Messaging style, content and tone needs to be adapted accordingly. The democratising shifts in the wider world is reflected in the world of media, too. Media ‘authority’ has passed from newspapers to the internet and, to an extent, from the written word to filmed content. In the US in 2008, more people relied on the internet (40%) for news, than on newspapers (30%); 79% of all adults are now on-line – for an average of 33 hours per week. People visit 114 domains and 2,500 web pages per month. Today, 100 million people will watch videos on YouTube. Mobile is equally important. 40% of Americans will SMS someone today, just as Twitter is increasingly mobile. Meanwhile, billions of e-mails will be deleted without even being read. Not only has authority been dispersed, but also it is fragmented and occasionally ignored altogether whatever or wherever the source.
Authority has been Dispersed Traditional authority figures – business leaders, politicians etc – have plummeted in the trust stakes over the past decade. The Edelman Trust Barometer bears witness to this – in some countries, trust in the CFO is as low as 20%. Meanwhile, trust in corporate advertising (13%) and corporate websites (24%) is also sinking fast – as the authority of (fellow) employees, peers, friends and family (40%) continues its inexorable rise. Engagement with audiences now needs to be through multiple voices and multiple channels – latest Trust data suggest five times/ five people/ five places. Messaging style, content and tone needs to be adapted accordingly. The democratising shifts in the wider world is reflected in the world of media, too. Media ‘authority’ has passed from newspapers to the internet and, to an extent, from the written word to filmed content. In the US in 2008, more people relied on the internet (40%) for news, than on newspapers (30%); 79% of all adults are now on-line – for an average of 33 hours per week. People visit 114 domains and 2,500 web pages per month. Today, 100 million people will watch videos on YouTube. Mobile is equally important. 40% of Americans will SMS someone today, just as Twitter is increasingly mobile. Meanwhile, billions of e-mails will be deleted without even being read. Not only has authority been dispersed, but also it is fragmented and occasionally ignored altogether whatever or wherever the source.
Typical of Antony Gormley’s work Negative reaction of National Gallery head, Nicholas Penny