by Bruce Newman

   This article was originally published in The Productivity Institute (PI) Newsletter

Social media is constantly evolving.  With over 400 million Facebook users alone, it has rapidly become the most common activity on the Internet.  Yet, many companies are either unaware or have decided to ignore the two-sided nature and power of social media.

People are greatly influenced by what they hear from other people.  For example, if I want to buy a new car and several people I know tell me that they have had a terrible experience with the type of car I am considering, they will influence my decision and my thought process even if I decided to go ahead and purchase that particular car.

We can readily extend this scenario into the social media realm.  Now, when I tell the world about the car I am thinking of buying, literally thousands of people can weigh-in on their experience – or purported experience and in all likelihood influence my decision.  And that’s the power of social media – for better or worse. 

People are readily influenced by what they read about in social media.  A recent survey reported that 68% of people can be influenced by what they read online.  Furthermore, if they read something negative about a product or service they are considering, 53% of the readers will look into a competitor’s offering.  A second study found that 67% of Facebook fans and 51% of Twitter followers were influenced by comments made from other users on those respective platforms.  It is therefore important for companies to quickly respond to negative – or positive - comments on social media.  It doesn’t matter if they are realistic or not, a prompt response is important.

Prior to the Internet, when a customer had a problem with a product, he or she would just complain to the company or its assigned representatives – few other people, if any, were made aware of the problem.  That is no longer the case.  If someone has a problem with a product and tweets about it, the whole world can rapidly become aware of it.

Fortunately, social media also provides the means of rapidly responding to people’s comments and complaints.  Many large companies have set up teams that constantly search blogs and social media looking for some reference to their company.  One such company, Starbucks for example, has been known to issue coupons for free drinks for people who have tweeted with a problem or complaint.  This is not to say that social media can be used to rectify a problem, only that it can provide a (hopefully) friendly interface through which companies can rapidly and more inexpensively interact with their customers.

In preparation for a recent talk, I looked up a major computer company’s fan page to see what people were discussing and how that company was handling it.  Given its positive reputation and technical savvy, I was stunned to read the comments on the page almost unanimously panning its products.  In fact, one person even wrote, “Hey, don’t you want to do something about all of these negative comments?  Do you think anyone is going to buy one of your machines after reading this?”   (The company’s surprisingly latent reaction was to merely remove the fan page.)

Customer service can greatly enhance or detract from a company’s reputation.  Fast and helpful customer service will enhance the customer experience.  Considering the extremely high cost of customer acquisition and that existing customers will spend over seven times as much as a new customer, monitoring social media and creating an effective online customer service response – even for a small company, can greatly enhance a company’s reputation and sales.

Bruce Newman is the Vice President at The Productivity Institute, LLC, a leader in locating, evaluating and matching the specific areas of expertise of consultants to the needs of its clients.  An expert on social media, Bruce constantly writes and gives talks on many facets of social media including branding, social media strategies and policy.  He has also developed several social media courses, services and products including: Social Media Policy, Social Media Starter Pack, and Maintenance and Management (available through the PI website or by clicking here). In addition, Bruce is the editor of the Productivity Institute Newsletter, a free content-is-king newsletter and thought leader.  Follow him on LinkedIn, Twitter, Facebook and the Productivity Institute blog.

by Katie Mead

   This article was originally published in The Productivity Institute (PI) Newsletter

Walking into a crowded room full of professional people you don’t know can be stressful; it can even be terrifying.  However, networking is an essential tool for the successful business person, and though phone and email exchanges are invaluable, there’s nothing like the face-to-face meeting to make a real connection. 

So, unless you’re naturally extroverted or come from a solid performance background, you might be interested in a few tips to ensure that great first impression so crucial for forging profitable, sustainable, long-term partnerships to help build your business and make sure it continues to thrive.

1. Dress the part 
It may seem insignificant, but a first impression starts here.  What is your business?  Who is your target market?  What connections are you looking to make?  If you own a funky skateboard shop your ‘business casual’ might be different than that of the partner in a successful accounting firm.  Just remember that people will probably make assumptions about you and your business practices based on the image you project – your clothes are a part of the total package.  If you look sloppy, does it mean your business habits might be sloppy also?

2. Jokes: avoid them 
Although a couple of witty off-the-cuff comments might inject some levity into an otherwise awkward situation, you’ll want to be very careful.  Humour is subjective and if you launch into your stand-up routine, however well-intended, you may risk offending your new acquaintance.  Being known as charming and funny is great, but no one wants to be branded obnoxious.  Keep away from controversial topics, keep your comments on the conservative side and pick up on body language cues – this will reduce the likeliness of a major gaffe.

3. Use the person’s name
Not only will this help with memorization, it will indicate to your listener that you consider them important enough to pay attention to what they’ve said.  This will help personalize the conversation and will show that you are engaged by what the other person is saying.  And the next time you see them, when you’re able to remember their name, this will really impress them.

4. Cultivate excellent listening skills 
This doesn’t have to be complicated: as the other person talks, let them know subtly that you are paying attention.  Compliant head nods and comments like, “I see what you mean” are good ways to do this, and if you require any clarification don’t be afraid to ask questions.  Let the other person be the centre of the conversation.  If you monopolize the conversation, you risk being perceived as a selfish person. 

Instead of talking incessantly about yourself, make sure to ask questions of the other person and really listen to what they have to say.  While being polite, you will learn much more about the other person, better situating yourself to be of service to them in a business capacity.  Be an active listener and never interrupt anyone who’s talking to you.  Not only is this rude, but it will definitely work against a good first impression.

All of this, combined with an open smile, clear speech, and a good, firm handshake will definitely help your chances of making a great first impression.  The last ingredient is experience.  These tips will help, but the best thing you can do for your business is to conquer your reluctance and just get out there. 

Each time you enter the room and each time you approach a total stranger, the exercise will get easier – take advantage of the networking opportunities available to you and hone those skills.  Presumably your business excellence will keep them coming back.  But you’ve got to meet prospective clients in the first place.    
   
Katie Mead is the co-founder of Springboard Consulting, Katie is a passionate about good communication.  From a diverse background in the fine arts, she has developed a proven track record of success working in both the for-profit and non-profit sectors. Her particular areas of expertise include marketing, grant writing, non-profit resource building and management, fundraising, and the design and launch of various keynote projects and events.  Katie can be reached at:  katie@springboardconsulting.ca

by Raj Kadam

   This article was published in The Productivity Institute (PI) Newsletter

Marketers have gotten wiser during the turbulent economy. They know that they need to demonstrate their value the same way that the sales department does, or else their budgets, and possibly their jobs, will be far less secure. The CMO position has been known to have the shortest expected tenure of any in the C-suite. 

The challenge is no longer merely acquiring the data but being able to fully understand it and take the appropriate action because of it.  

Out of the rabbit-hole

We can talk all day about the importance of analytics and measurement, but the real question is whether or not you’re measuring the right things for the right reasons.

The best measurement efforts start with clear goals. You need to have a framework that identifies exactly what you’re trying to measure.  Here are a couple questions you should ask yourself to help focus in on what you should really be measuring:

Why do you have a social media function at your company?

• Customer Service?
• Marketing/PR?
• SEO?
• Product development/support?
• Grassroots marketing?
• Sales?

What social sites/platforms are most relevant to your community/customers?

Who are you trying to reach with your program?  Customers? Influencers? 

Once you are clear on why you’re doing this in the first place, then you can start thinking about what metrics and analytics matter most to you.  You do not want to spend your time looking at metrics that are good indicators of how well an influencer relations program is going when your program is all about customer service. 

Here are some examples of readily available analytics that tie back to specific intents of a social media program.  Some of them apply to many different types of programs, but the point is to start thinking about which ones are most relevant to your specific program. 

• Engagement - If you are using social media to drive sales, and your product requires true engagement, multiple conversations and a strong relationship to get someone to a purchasing decision, then you should be paying attention to data that indicates high engagement. 
• Traffic - If you’re a big brand and creating a lot of chatter across the web, do you know the traffic levels of the sites where you are going out and engaging?  Your efforts should be focused on finding the stuff that is driving the most results for your business. If you’re a major brand, chances are there is more ROI for you when you focus your efforts on higher-traffic sites.
• Sentiment - How do people feel about your product or service?  For some brands, social media is a lot like a real-time focus group.  Sentiment should be incredibly important to you if you have chosen to strategically use social media as a way to inform your product development priorities.  If people are generally positive or negative about a product or new feature, there should be a feedback loop to the development team.
• Viral Analysis - What is going viral for your product or brand and why? Sorry, tag clouds don’t count. You want to see what kinds of trends are emerging for your product or service in real time, and you should have a good sense of WHY they managed to go spread so far, so fast. This should be a measurement priority for businesses that know word-of-mouth and grassroots marketing is a big driver of sales for their products.
• Influencer Tracking – Are you a relatively new company, or an entirely new type of product?  If you’re targeting early adopters and influencers for credibility, then you should know at any given moment who your biggest influencers are, what they’re saying and where they are talking about you.

Many of these metrics will apply to several types of social media programs, but the trick is to have the discipline to determine which analytics are critical to YOUR social media program, and use them accordingly to take action.

The success of any marketing campaign is dependent upon many factors.  In determining its success and how to proceed, the data that is collected and its relevance must be carefully assessed.  Being able to accurately compile and completely understand the data that is collected may be the difference between a successful company and one that ultimately, may fail.

Raj Kadam is the CEO and Co-founder of Viralheat Inc., a social media analytics firm focused on delivering detailed social media analytics to major brands and agencies world-wide. You can find more information about the service at http://www.viralheat.com and via email at info@viralheat.com.

by Donald J. Cecchi

   This article was published in The Productivity Institute (PI) Newsletter . (Part 3 of 3)

Reorganizing Your Company Can Lead To Happier Customers And Employees, And Generate Bigger Profits.  This Step-By-Step Process Will Show You How To Create Change And Avoid Pitfalls

Resistance To Change
Everyone is perfectly willing to change, provided they can continue to do things the same way they have always done them.  Although this may be somewhat overstated, I’m sure that it has a ring of truth for all business owners, managers, and management consultants.

The truth of the matter is that most people simply do not like change and will resist it.  For many it is painful, even traumatic, and is met with hostility. In my experience, resistance to change has taken many forms, both organizational and emotional.

Common examples of and reasons for resistance to change include:
• complacency
• vested interests, self-preservation, and ego
• ”We’re too busy to take the time to change”
• ”There hasn’t been a crisis so why change?”
• denial that there is a need for change
• ”We’ve always done it this way”
• the organizational goals are too narrow or too vague which cause people to resist because they aren’t sure what it is they can or are expected to do
• organizational ineptitude

Once the indicators of resistance are identified, the tactics necessary to overcome them have to be developed and will vary depending on the specific resistance.

Bear in mind that often there are valid reasons why people resist change - reasonable caution and the fear of losing one’s job are among them.  Often some business owners and staff are overwhelmed with all the details that change involves.  In these instances, planning for and implementing change that includes a step-by-step process, with “small wins”, is especially important.  Whatever they may be, all types of resistance must be identified and addressed, including the resistance presented by the business owners themselves.

I have always found that dealing with resistance as soon as possible in a straightforward manner, while understanding the resistor, is the most effective way to proceed.  When necessary, I have also fired those people who were total impediments to change.  These people – even those who are otherwise talented – are the ones who are preventing you from reaching your goals.

All told, if one is to create real change, it is necessary to identify the reasons for, and nature of, resistance and work with it.
 
Urgency
Finally, a sense of urgency must be established if complacency is to be avoided and credibility and momentum maintained.  Organizations will push and pull to return to the old order.

Meaningful change, when properly planned and implemented, is exciting and makes organizations more efficient, productive, and profitable, and makes life better for everyone within the organization.  In one case, a reorganization that was met with significant resistance involved a division of 225 people in eight departments.  By carefully adhering to the procedures set forth above, and involving virtually every department in the company, the end results were:
• increase productivity from a low of 16% to a high of 253%
• reduce staff, usually by way of attrition, by 17%
• reduce operating costs by 15%

Equally important, the changes that occurred were permanent and affected and included all segments of the company from IT and human resources to customer service and senior management.

One last note: A sense of humor goes a very, very long way.  Change is stressful and demanding.  Lighten up and have a good time.

Donald J. Cecchi is President of the Cecchi Consulting Group which specializes in reorganization, business development, and the design and implementation of new projects.  He can be reached at cecchicg@aol.com.

by Lillian D. Bjorseth

   This article was published in The Productivity Institute (PI) Newsletter

Almost all of us have been there. We meet a new person, we run into someone we have met once or we see someone we’ve spoken with numerous times. We want to start a meaningful conversation for myriad reasons; yet, we find ourselves asking those trite questions:

• “Is this your first time here?”
• “Did you have trouble finding the building?”
• “How many people do you think will be coming tonight?”

And, just for good measure, we throw in a few “hmms” and “ahs” to make us appear even less confident.

Getting off on the right foot

Here are hints to help you feel at ease, make others comfortable, ensure you are memorable after the event and gain helpful information as well.

Establish your purpose for attending event.

• To gather information? It can vary from learning more about the sponsoring organization to making an educated decision about joining to learning more about specific businesses or individuals who are likely to attend.
• To get referrals? These can include business or job referrals or for support services necessary to run and grow your business.
• To seek advice or support? This might range from encouragement in a job search or in your venture into entrepreneurship. Or it might be from people in other companies who are employed in the same field or the same industry.

In any case, prepare your “ask for” questions and “listen for” answers so you are prepared to hold stimulating conversations while simultaneously enhancing your knowledge base.

Prepare your Verbal Business Card.

Be ready to share with others in one or two sentences what you do … not how you do it or who you are. Think of it as the front end of your elevator pitch. It’s like the bait on a fishing line hook. It’s what attracts the person and pulls them into a conversation with you. Show the other person what you can do for them … or their friends or associates.  Keep it simple because while people are listening to you, they are also assessing your appearance and behavior, trying to remember your name and planning what they will say.

Always include your first and last name (even your friends have memory lapses!), what you do, benefits to others and active verbs, the most powerful words in the English language. In general, omit your company name (unless it is really well known), your company location, titles, business labels and go easy on adjectives and adverbs. You’ll want to tailor the above information when you are with people from your company or in the same industry. They will understand and even expect jargon.

For example, one of mine is:

“I’m Lillian Bjorseth, and I help you build a new kind of wealth – social capital – by improving your communication and networking skills.”

Remember introduction basics. 

Even though you learned this in elementary school, you might need a refresher:

• A younger person is introduced to an older person
• A man is introduced to a woman
• A less important person is introduced to a VIP.

In other words, say the name of the person who is older, the woman and the VIP first. You deserve to be addressed as you want to be; however, you must let people know your preference so they can start the conversation correctly. If your printed nametag says “Robert,” and you prefer, “Bob,” it’s fine to cross through the name and print “Bob” on it.  Use a felt tip pen so people can easily read it.

Weave newcomers into the conversation. 

• When someone new joins you, immediately introduce him or her to everyone or allow the person an ample opportunity to do. Bring the person up-to-date by quickly reviewing what you were talking about (remember it’s a new conversation for them) and then asking them for an opinion or comment.
• Remember names. The start of any conversation is a good place for you to start remembering someone’s name. Hopefully, the person knows to wear the nametag on the right side (unobstructed by lapels or scarves) so that your eye will easily travel to it as you make the initial handshake. Hopefully, the person also knows to say his/her name along with the handshake. 
• Look at the nametag.
• Listen as the person gives you his/her name.
• Study the person’s business card to help implant the name in your memory.
• Repeat it several times during the first few minutes of the conversation.
• Use it when you introduce the person to others.
• Use the person’s name as you say “good-bye” to everyone you met.

Ask open-ended questions. 

The best way to avoid those one-word answers that make you feel as if your attempts at conversation have been thwarted is to not ask “yes” and “no” questions. Or, if you start off with one, have two or three open-ended questions or statements in your pocket at all times. Those one-word answers are sure to get you perspiring if you are the kind who worries about how to start conversations.

Listen, listen, listen. 

It’s the number one human relations skill and tells people whom you are speaking with how much you care … even more than the words you use. Then respond to what the person said rather than what you wish s/he would have said. Eventually you, too, will get time in the spotlight … if the other person is also a great communicator.

Lillian Bjorseth helps you build a new kind of wealth – social capital – by honing your networking, business development and communication skills. She’s author of the third edition of Breakthrough Networking: Building Relationships That Last. www.duoforce.com, lillianspeaks@duoforce.com, www.lilliancommunicates.com, www.greaterchicagonetworking.com, 630-983-5308.

by Dave Walker

   This cartoon was published in The Productivity Institute (PI) Newsletter

We welcome your thoughts and comments on this cartoon.

Dave Walker
Cartoon Blog: http://www.cartoonchurch.com/blog/
Church Times Blog: http://www.churchtimes.co.uk/blog
Twitter: http://www.twitter.com/davewalker