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30 years of business change in one blog post

Jul 15th

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It all started with something like this.

This month marks the 30th anniversary of starting my first job in corporate America. I know. I don’t look that old. Right???  Thanks for humoring me.

So I have been a bit nostalgic about my career (so far) and the changes I’ve seen.  I rarely spend time on this blog looking BACK, but if you’ll oblige me this once, I’d like to make a few observations about the changing nature of work that may surprise you:

Technology

Of course this is the most obvious difference … and I’m not the type of person to re-state the obvious! But to set the stage, there was no:

  • Internet
  • Email
  • Voicemail
  • Mobile devices
  • Personal computers

My first corporate job was to be in the office by 6:30 a.m. every morning to create a global executive summary of economic, industry, competitor, and customer news.  I read paper magazines and newspapers, cut out the important articles with scissors and taped them to paper for photocopying. I typed summaries of the articles on a new-fangled device called a “word processor” which then printed the document so it could be faxed to corporate offices around the world.  The advent of personal computers and the Internet has been so profound that I could not possibly even cover it if I wrote for a month. When email was introduced, my boss fought it tooth and nail. You see, some things never change.

MadMen

I count myself lucky to have witnessed the tail-end of the “MadMen” period of business culture.  When I started my career in 1982, it was a white-skinned, starched-collar, chain-smoking, Ivy League, martini-swilling group of guys running corporate America.  I was taken to many business lunches to drink at the all-men, all-white private business clubs that were in every major American city.  I am proud to say that when the chairman of my company, Charles Parry, took his rotation as the president of the private club in Pittsburgh, he walked through the front door with our company’s treasurer, an African-American, and smashed that rule forever. I was so proud of that! Today, business is for everyone. But it was not that long ago that business was an elitist, blue-blooded sport.

Speed

The reaction time in business has accelerated mightily.  Back in the early 80s you had more time to think and gather your response because you could duck and hide behind the slow communication network.  If people wanted information from you, they basically had to call you on the phone. The OFFICE phone. So there was no ubiquitous availability like we have now. If a reporter needed information for a controversial story, there were endless ways to delay and turn the situation around in your favor. It was an important skill! Because of the relatively slow communications, there was a lot more downtime built into the decision-making processes.

Globalization

The political world was radically different then. Russia (USSR) and Eastern Europe were closed markets. There was little trade with China and certainly no China supply chain strategy other then British-controlled Hong Kong.  Other than Europe, America still had a very U.S.-focused market and supply chain. We still made stuff here.  The lack of real-time communication options was a big hurdle to global trade.

Flexibility

Company life back then was pretty rigid. I wore a suit and tie to work every day until around 1992 when “casual Fridays” started to loosen things up.  It was a 9-5 world. There was no working from Starbucks … I think you could make an argument that mobile devices created Starbucks. As a young employee, my first office had a leather couch and a globe. Yes, I’ll admit … that was cool. But there was a big trade-off. All this rigidity and lack of technology made for a real lack in …

Personal Opportunity

Here are the number of friends I had who started their own company in the 1980s — zero. To start a company then, you generally had to MAKE something. That meant investing in manufacturing assets — which also meant securing a bank loan, physical work space, employees, and a support infrastructure. To start something new, you had to have experience, money, and connections.

Compare this to my recent profile of Xavier Damman, the founder of Storify. He does not have a college degree and never worked for a company. Xavier wrote computer code in his apartment in Belgium, teaching himself how to create a start-up company by searching the Internet. After 18 months he had the foundation of his company in place to the point where he got $3 million in venture capital funding so he could move to San Francisco and build his company. Now that is cool.

Accountability

I think a major shift in work life is represented by the growing emphasis on personal accountability.

When you joined a company, you embarked on a “career path” that relied on building a personal network and gathering enough company-sponsored training programs to propel you to the next level. Companies viewed employees as long-term strategic investments. Honestly, this created a lot of dead weight in the company structure.

Today, corporate cultures are built on flexibility and viewing employees as interchangable parts. Employees are responsible for their own training and career path. If you don’t remain relevant, you will be jettisoned and replaced.

The bottom line

Other than being able to strategically hide from my boss through elaborate games of telephone tag, there is really only one thing I miss from “the old days.” Today we maintain business relationships through email, text messages, maybe even Facebook or an enterprise social media utility like Yammer. I have customers who I have never met.  Back then “team building” was a physical activity like golf, fishing, or dinner at a nice restaurant. Nobody has time for physical events any more and I miss that. It was a lot of fun and it created life-long friendships. You really could have relationship-based selling. I think those days are gone, for the most part.

Well, I have written nearly 1,000 blog posts and this is the first one about “the old days” and it may be the last. Obviously this could have been a VERY long article, but I kept it to a minimum and hope you found it mildly interesting.  What are some other major changes that you’ve observed in how business works today?

business change, business in the 1980s, technological change

Romance 2.0 A {growtoon}.

Jul 13th

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Join the growtoonists each Friday for a humorous take on marketing, social media, and current business events.

Joey Strawn is a social media strategist that loves enjoying a good book and then drawing in it. Check him out on Twitter: @joey_strawn

 

joey strawn, social media cartoon, social media humor

It’s not just ROI. It’s RELEVANCE!

Jul 12th

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The other day I was driving home from a family vacation using an iPhone app called “Navigon.”  This is an excellent GPS and mapping application that gets me where I want to go without the expense and hassle of having schlepping another device.

So I was wondering … why am I not using a mapping application from Rand McNally, the dominant market leader in all things maps for decades?  For most of my life a well-worn copy of a Rand McNally atlas of United States maps was a fixture in my car. Can you even name another company that made U.S. road maps?  Certainly, Rand was the gold standard for getting you to where you wanted to go.

The company has a minor entry in the GPS device market and are usually grouped under the “other” category in the analyst reports. A search for Rand McNally in the iTunes app store delivers one sad little entry that allows you to “vote for the best small towns of 2011 — right from your mobile device!” Wow.

Sad. Sad. Sad.

I can imagine the conversation among the Rand McNally executives five years ago … “Digital?  Are you CRAZY??? Do you know what the ROI is on our paper maps?  Why in the world would we ever cut into that profit margin?  Nobody seems to be able to demonstrate an ROI on digital maps!”

It’s probably the same conversation that echoed through the halls of Kodak … “But we make so much money on film!  What is the ROI for sharing digital photos on the Internet?  It’s folly!”

I wonder what the ROI of bankrupt is?

And yet, if you have ever given a speech, a webinar, or a class on social media marketing, I can almost guarantee you have received this question: “But how do we measure the ROI of this stuff?”

Look, I’m a true-blue ROI guy.  Frankly, money is one of my favorite things. I’m a measurement fanatic and a data geek.  But pull up a chair and let me give you a dose of reality here. If you don’t have a digital strategy, your business is going to die.

And by digital, I don’t mean “a website.” In the last two years, 68 percent of the Fortune 100 companies had a year-over-year decline in their website page views. Why?  Because people are not looking for you on websites any more (unless you work for Amazon, eBay or Etsy of course). For most companies, having a website is simply not enough these days.

Every business exists to create shareholder value. But please don’t overlook the possibility of not even existing in two years because you are milking an Excel spreadsheet for all its worth. There are lots of bright people out there that want your company to die. Be them, or hire them.  Just don’t hold on to old business models until the banks are nailing your door shut.

It’s not just ROI. It can’t be just ROI. It’s relevancy. Don’t be Rand.

OK?

digital marketing, social media measurement, social media roi

The Secret Sauce for Creating Gold Medal Relationships

Jul 11th

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By Stanford Smith, Contributing {grow} Columinst

My wife and I are infected by Olympics fever.

We watch the Olympic trials together every night.  Inspired by track and field hopeful we have intensified our jogging and 5K training schedules.  Our children have been enrolled in gymnastics and registered for mini-triathalons in an attempt to see if there is a future gold medalist in our midst.

We’ve got it bad.

The #1 reason for our obsessive devotion to the Olympics is NBC’s superb ability to tell a story.  These stories pull the audience into the life of the Olympian.  We feel connected to Gabby Douglas’ life, challenges, and triumphs as she lines up for her vault.   Missteps and wobbles (on the rare occasion they happen)  hurts us as if it were our own child or friend.  We pump our fist and smile with pride when she sticks her dismount like we trained alongside her for years.

It occurred to me that businesses pay an enormous amount to earn the same loyalty and devotion from its consumers.  You would think that the billions would translate into cult-like dedication.  In some cases it has, try attacking Apple or criticizing Southwest Airlines and you’ll see what I mean.

But, most businesses have failed, despite their healthy ad budgets to achieve a fraction of the love my family shows to future Olympians we just met last night.

Why?

Here are a few causes:

1. Weak Storytelling:

I believe that consumers want to connect with the people behind the business.  They enjoy hearing about the local grocer who only buys produce from farmers in a 10 mile radius.  They want to know why a laptop was built with aluminum versus plastic. They care about a company’s effort to fight adult illiteracy in their community.

The problem is that businesses have their heads up their arses.  They think that abstract soundbites and clever taglines are stories.  They aren’t.

2. Wrong Hero

Have you ever seen a business Twitter stream choked with self-congratulatory tweets? How about the commercial that waxes eloquent about a company’s commitment and 100 years in business?  While this information has some merit, it’s missing a key component –  the customer.  Customers pay attention to companies because they solve specific problems.
Successful companies craft their stories around the customers and position them as the hero.  Their social media strategies create close bonds with their customers directing them to information that enriches their lives. In these stories, the company is the mentor and ally supporting and guiding the customer.

Pop quiz – who is the hero in the Harley-Davidson story?  The motorcycles or the rider?  Yep, the hog rider.  The motorcycle is a prop that helps the rider live out their dreams of conquering the open road and connecting with other rebels.

3. Monologue versus Dialogue

It’s shocking that some companies still question the merit of openly interacting with their customers.  Even now companies hide behind perfunctory press releases and turn-off their blog comments.  This behavior supposes that customers need to be handled like a live grenade.  Customer dialogue is confined to hermetically sealed focus groups and choreographed performances.

The problem is that customers expect transparency.  In fact, customers distrust businesses that can’t empower their employees.  Look to Comcast for a powerful lesson in employee trust and customer dialogue.  Comcast knows that the “cable company” isn’t on the list of beloved companies.  They seem to have the most to gain from carefully staging every interaction.

To Comcast’s credit, they committed to a different course.  They put their reputation on the line by interacting with customers through their Twitter channel.  At any time you can contact a comcast rep via Twitter.  These reps are empowered to send offer advice and check on repair status. These conversation happen in plain view for customers and competitors to observe.  While Twitter hasn’t completely rehabilitated Comcast’s reputation it is building the company’s position as a customer-centric organization.

Social Media’s Secret Sauce

With all of the breathless speculation about the latest trends and tools, It’s easy to overlook the simplicity of social media.  It really comes down to telling a story that focuses on the customer as hero.  From their invest time in creating relevant, informative, and transparent dialogue between your team and customers.

That’s the secret sauce and it’s critical that you use it now before your competitors do.  Right?

Contributing Columnist Stanford Smith obsesses about how to get passionate people’s blogs noticed and promoted at Pushing Social, except when he’s chasing large mouth bass!

 

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social media strategy, social strategy, stanford smith
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