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Using online social networks to your advantage

                                  By Rob Duncan




      Copyright Rob Duncan 2011                   1
Your Speaker
Rob Duncan
Director, BCIT Applied Research Liaison Office

Author of:
- Haul Away! Teambuilding Lessons from a Voyage around
Cape Horn (2005)

- Competitive Intelligence: Fast, Cheap & Ethical (2008)

- Improv to Improve your Business (2011)



                            Copyright Rob Duncan 2011      2
Our Agenda
 So what is all this social networking stuff?
 Is it really useful for business or is it waste of time?
 What is collaborative or social innovation?
 Lessons from my doctoral thesis
 What are some key collaborative innovation tools?
 Okay, I’m on there – now what?
 Q&A


                Copyright Rob Duncan 2011                    3
...not just a place to have fun...




Copyright Rob Duncan 2011                               4
Online social networking
 Competitive intelligence
 Collaborative innovation
 Get early warning of trends
 Tap into collective brainpower
 Build your dream team and find partners




              Copyright Rob Duncan 2011     5
Networking is not new!

 Why we network
 Strength of weak ties
 Enabling technologies
 Reed’s 3rd law




               Copyright Rob Duncan 2011   6
Large networks are powerful
networks
Why collaboration matters
 Harvard study (scientific problem)
 Social media is changing business
 Lines are blurring
 The customer is on your design team
 And your competitor’s!




               Copyright Rob Duncan 2011   8
Lessons from my doctoral research
 Looking at the role of online social networks in inter-
  firm collaborative innovation & problem solving
 Extensive study of LinkedIn users
 Some key findings...
            People are connecting more with people in other
             organizations
            Online social networks are allowing greater access to
             innovation partners, faster problem solving & greater
             innovation ability
            Online social networks will have an increasing importance
             in organizations

                  Copyright Rob Duncan 2011                              9
Copyright Rob Duncan 2011   10
Online social networks...
 Some are good for intelligence gathering (Twitter,
  LinkedIn, Facebook)
 Some are more collaborative (LinkedIn, Quora,
  Twitter)

 Let’s have a quick tour...




                Copyright Rob Duncan 2011              11
LinkedIn




           Copyright Rob Duncan 2011   12
LinkedIn
 Intelligence:                             Collaboration:
    Executive profiling                       Weak ties
    Who is connected to                       Small favours
     who?                                      Large networks
    Groups = tribes                           Groups = expert pools
    Q&A                                       Q&A




               Copyright Rob Duncan 2011                                13
Facebook




       Copyright Rob Duncan 2011   14
Facebook
 Intelligence:                                  Collaboration:
   Personal life                                   Life outside the suit
   Friends
   Friends of friends
   Habits
   Interests




                    Copyright Rob Duncan 2011                                15
Twitter




          Copyright Rob Duncan 2011   16
Twitter
 Intelligence:                                Collaboration:
    Tribes                                       Follow the right people
   Interests                                     Live blogging events
   Location                                      Meet-ups
   Activities                                    Emergent situations
   Who follows them
                                                  Promote self, blog etc.
   Who they follow




                  Copyright Rob Duncan 2011                                  17
Quora
Quora
 Intelligence:                             Collaboration:
    Fast answers to                           Locate team members
     questions                                 Find catalysts
    Peer-rated answers                        Potential partners
    Organized by topics
    Follow topics
    Follow particular
     questions



               Copyright Rob Duncan 2011                              19
A deeper dive into LinkedIn




        Copyright Rob Duncan 2011   20
Being a good citizen
 Full profile with photo
 Build your network – add connections
 Ask & answer questions
 Update status frequently
 Join groups and participate in discussions
 Help others: “what’s in it for them?”
 Be a giver not a taker



               Copyright Rob Duncan 2011       21
The Power of Q&A
Ask strategic questions
Answer questions
frequently and generously;
think of yourself last
Put a Weblink in your
answers (draw people to
your Website, books, or
blog)
Earn expertise rewards &
build reputation
TIP: Visit Q&A daily and
answer as many
questions as you can,
insinuating your web
address where possible

                             Copyright Rob Duncan 2011   22
The Power of Groups
Search for & join relevant
Groups
Be strategic: should I join
“Starving Inventors” or “New
Product Tycoons?” Why not
both?
Display your Group badges
on your profile to allow like-
minded people to connect
Contribute to Group
Discussions
TIP: Join the group “Invites
Welcome” to grow your
network



                                 Copyright Rob Duncan 2011   23
The Power of Discussions
Each LinkedIn Group has a
discussion feature

Good way to advertise new
books

Ask strategic questions

Introduce yourself to the
community
TIP: Seed a discussion
with your key business
challenge, e.g. “How do I
connect with inventors who
need protoypes made?”

                             Copyright Rob Duncan 2011   24
The Power of Introductions
Connect 2 people who can
help each other

Ask for introductions from
your connections

Be generous with your
contacts

TIP: Search for your
dream client and see who
in your network is
connected to them – get
introduced


                    Copyright Rob Duncan 2011   25
Getting the Most out of LinkedIn
 Put everything in your profile
 Increase your network size
 Join LinkedIn Groups
 Ask and answer questions strategically
 Give more than you get




                    Copyright Rob Duncan 2011   26
The Power of Small Favours
 Help 50 people with:
   Answers
   Recommendations
   Expert suggestions
   Leads
   Introductions
 When you need help, 50 people will be there for you
 Give generously; the “getting” flows indirectly from
 your investment in others

               Copyright Rob Duncan 2011                 27
Thank You!
Any questions?



       www.robduncan.com



Connect with me on LinkedIn!




                    Copyright Rob Duncan 2011   28

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Rob Duncan - Social Networking As An Innovation Tool Jan 27, 2011

  • 1. Using online social networks to your advantage By Rob Duncan Copyright Rob Duncan 2011 1
  • 2. Your Speaker Rob Duncan Director, BCIT Applied Research Liaison Office Author of: - Haul Away! Teambuilding Lessons from a Voyage around Cape Horn (2005) - Competitive Intelligence: Fast, Cheap & Ethical (2008) - Improv to Improve your Business (2011) Copyright Rob Duncan 2011 2
  • 3. Our Agenda  So what is all this social networking stuff?  Is it really useful for business or is it waste of time?  What is collaborative or social innovation?  Lessons from my doctoral thesis  What are some key collaborative innovation tools?  Okay, I’m on there – now what?  Q&A Copyright Rob Duncan 2011 3
  • 4. ...not just a place to have fun... Copyright Rob Duncan 2011 4
  • 5. Online social networking  Competitive intelligence  Collaborative innovation  Get early warning of trends  Tap into collective brainpower  Build your dream team and find partners Copyright Rob Duncan 2011 5
  • 6. Networking is not new!  Why we network  Strength of weak ties  Enabling technologies  Reed’s 3rd law Copyright Rob Duncan 2011 6
  • 7. Large networks are powerful networks
  • 8. Why collaboration matters  Harvard study (scientific problem)  Social media is changing business  Lines are blurring  The customer is on your design team  And your competitor’s! Copyright Rob Duncan 2011 8
  • 9. Lessons from my doctoral research  Looking at the role of online social networks in inter- firm collaborative innovation & problem solving  Extensive study of LinkedIn users  Some key findings...  People are connecting more with people in other organizations  Online social networks are allowing greater access to innovation partners, faster problem solving & greater innovation ability  Online social networks will have an increasing importance in organizations Copyright Rob Duncan 2011 9
  • 11. Online social networks...  Some are good for intelligence gathering (Twitter, LinkedIn, Facebook)  Some are more collaborative (LinkedIn, Quora, Twitter)  Let’s have a quick tour... Copyright Rob Duncan 2011 11
  • 12. LinkedIn Copyright Rob Duncan 2011 12
  • 13. LinkedIn  Intelligence:  Collaboration:  Executive profiling  Weak ties  Who is connected to  Small favours who?  Large networks  Groups = tribes  Groups = expert pools  Q&A  Q&A Copyright Rob Duncan 2011 13
  • 14. Facebook Copyright Rob Duncan 2011 14
  • 15. Facebook  Intelligence:  Collaboration:  Personal life  Life outside the suit  Friends  Friends of friends  Habits  Interests Copyright Rob Duncan 2011 15
  • 16. Twitter Copyright Rob Duncan 2011 16
  • 17. Twitter  Intelligence:  Collaboration:  Tribes  Follow the right people  Interests  Live blogging events  Location  Meet-ups  Activities  Emergent situations  Who follows them  Promote self, blog etc.  Who they follow Copyright Rob Duncan 2011 17
  • 18. Quora
  • 19. Quora  Intelligence:  Collaboration:  Fast answers to  Locate team members questions  Find catalysts  Peer-rated answers  Potential partners  Organized by topics  Follow topics  Follow particular questions Copyright Rob Duncan 2011 19
  • 20. A deeper dive into LinkedIn Copyright Rob Duncan 2011 20
  • 21. Being a good citizen  Full profile with photo  Build your network – add connections  Ask & answer questions  Update status frequently  Join groups and participate in discussions  Help others: “what’s in it for them?”  Be a giver not a taker Copyright Rob Duncan 2011 21
  • 22. The Power of Q&A Ask strategic questions Answer questions frequently and generously; think of yourself last Put a Weblink in your answers (draw people to your Website, books, or blog) Earn expertise rewards & build reputation TIP: Visit Q&A daily and answer as many questions as you can, insinuating your web address where possible Copyright Rob Duncan 2011 22
  • 23. The Power of Groups Search for & join relevant Groups Be strategic: should I join “Starving Inventors” or “New Product Tycoons?” Why not both? Display your Group badges on your profile to allow like- minded people to connect Contribute to Group Discussions TIP: Join the group “Invites Welcome” to grow your network Copyright Rob Duncan 2011 23
  • 24. The Power of Discussions Each LinkedIn Group has a discussion feature Good way to advertise new books Ask strategic questions Introduce yourself to the community TIP: Seed a discussion with your key business challenge, e.g. “How do I connect with inventors who need protoypes made?” Copyright Rob Duncan 2011 24
  • 25. The Power of Introductions Connect 2 people who can help each other Ask for introductions from your connections Be generous with your contacts TIP: Search for your dream client and see who in your network is connected to them – get introduced Copyright Rob Duncan 2011 25
  • 26. Getting the Most out of LinkedIn  Put everything in your profile  Increase your network size  Join LinkedIn Groups  Ask and answer questions strategically  Give more than you get Copyright Rob Duncan 2011 26
  • 27. The Power of Small Favours  Help 50 people with:  Answers  Recommendations  Expert suggestions  Leads  Introductions  When you need help, 50 people will be there for you  Give generously; the “getting” flows indirectly from your investment in others Copyright Rob Duncan 2011 27
  • 28. Thank You! Any questions? www.robduncan.com Connect with me on LinkedIn! Copyright Rob Duncan 2011 28