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Social Media: Seven Ways to Make it Work at Work

By Dennis McCafferty on 2011-11-09


If your company is like many others, you’re already exploring social media. But are these efforts providing real value? Or is social media perceived as more like a novelty -- interesting enough, occasionally amusing but ultimately disconnected from the delivery of business-focused outcomes? The book, The Social Organization: How to Use Social Media to Tap the Collective Genius of Your Customers and Employees (Harvard Business Review Press/available now), reveals what CIOs and other senior executives must understand about social media to maximize its potential. Authors Anthony Bradley and Mark P. McDonald have studied successes and failures at more than 400 organizations to come up with proven techniques that best capitalize on collective behaviors of users. If effective collaboration is established with these users, the authors contend, corporate leaders can benefit from fresh insights about practices, products and emerging trends, among other key topic points. Bradley and McDonald are lead researchers at Gartner. Here are three social media success stories, plus seven best practices you can put to use today:

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Three Social Media Success Stories


1. Xilinx linked 500 engineers with customers to discuss custom-chip design, increasing productivity by 25%.

Three Social Media Success Stories


2. FICO, the credit-score company, has launched myFICO forums3 to allow users to exchange techniques on improving their ratings.

Three Social Media Success Stories


3. The Schwab Trading Community gets active traders to share information for effective trading. Participants complete 360 trades a year on average, compared to 200 trades annually for non-participants.

Don’t Perceive Social Media as a Tech Thing


Technology supports social media. But the “app” here is actually the collective user. Its behavior is the outcome.

Read the Crowd.


You need to understand how mass groups of people collaborate to successfully steer resulting action.

Set Business Goals for Engagement


Without clearly defined metrics-drivers, social media is perceived internally as a mere folly.

Find Experts Within a Community


You can resolve lingering business issues by tapping into the knowledge of customers who know your products as well as your employees do.

Seek Tipping-Point Engagement


That’s when a critical mass of participation in community achieves viral growth, emerging as self-sustaining.

Seven Best Practices


6. Let Participants Breathe.
Allow the community to come up with answers.
Excessive organizational interference or oversight
will stifle innovation.

Give Real Feedback


Even if a suggestion isn’t taken up, provide sincere replies so that users know input is appreciated.

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