Athletics as a predictor of business success

China and Lenovo – International Business News – Portfolio.com

This article in Portfolio taught me something about our CEO I didn’t know — he was a wrestler (apparently a very, very successful wrestler), which makes him my second boss in a decade who was a champion mat-man.

“Amelio used to wrestle for Lehigh University, and at 49 he still has the bearing of a guy who might enjoy pile-driving an opponent into the mat. He has a short, neat beard and eyes that lock onto whomever he’s talking to like a sniper’s laser sight. “

The other was Lowell Bryan at McKinsey, who was an NCAA Heavyweight champion in the 1960s. I was captain of my high school wrestling team — and I sucked and I am not a CEO — but with other noted wrestlers like Donald Rumsfeld occupying position of leadership the question to be asked, are there certain sports that lend themselves to certain professions or titles?

I recall an article in the Wall Street Journal years ago about investment banks recruiting college rowers because of their proclivity for suffering and great teamwork. It would be interesting to look at various leadership profiles and determine if there is a correlation between say quarterbacks and presidents, defensemen and attorneys. etc. etc.

Forrester Consumer Forum – Day 2

Josh Bernoff – the Forrester warhorse on digital media, opens the second day with a preview of the book he co-authored with Charlene Li — Groundswell. Winning in a World Transformed by Social Technologies.


Being a wave geek, let’s digress and look at the definition of a ground swell – essentially it’s a subtle heaving of the sea, a “sub-wave” generated by activity such as a storm hundreds of miles away. It’s the foundation of oceanic wave structure. It can be flat calm, with no ripples on the surface, but the sea can subtly heave and pulse due to the momentum effects from the distant event. (I feel like a coprolite this morning, so I am out of Chicago at noon to try to make it to a bed before I slip into what feels like an incipient flu)

End of digression, Bernoff is providing a framework with case examples

  • Listening: cancer treatment facility that listens to patients complaints about scheduling
  • Talking: Let fans spread the message more easily through social networks.Adidas on MySpace as more effect impressions than banners.
  • Energizing: help best customers recruit others. Sales strategy. Guy who gets worked up about his laptop bag he bought on E-Bags where customers are asked to review their product. Zipper breaks. He beefs. Company contacts him, takes suggestions to factory. Guy becomes a fanatic. Brand ambassador programs.
  • Supporting: Talks about “Predator” guy – Dell support forums. “I actually enjoy helping people.” 473K minutes online in Dell forum helping users. Enable customers to help customers with their problems.
  • Embracing:
    involving customers in product development. Salesforce.com cited. Idea-Exchange, people suggesting improvements. Vote capability.

Now Bernoff is pitching ROI of an executive blog. As David Armano said yesterday, you know you’re at a Forrester conference when ROI gets invoked. ROI of Support Forum – I buy into that. Blog shouldn’t need an ROI justification – if it needs one, to quote Christine Hefner, polish up the resume and look for another company. But forum ROI – very key as there are some substantial economic benefits around call-reduction/avoidance.

Q&A: how do I get one of them there communities? Just add water? There are actually vendors who do it. Hmm. I can see why you’d need to hire pros if you’ve never moderated a seething flame fest …..

What does SMM do to traditional marketing functions – like email? Email?

(Jeremiah Owyang – formerly of Podtech, now a Forrester analyst, is collating conference blogs at http://web-straegist.com/blog)

(Word is actually a good tool for conference blogging)

 

Second-Half — Forrester Consumer Forum

My panel was on Brand Monitoring: What Works and What Doesn’t — moderated by Peter Kim, joined by Karl Long from N-Gage at Nokia, and Suzanne Fanning, Senior PR Manager at Fiskars.

Peter threw some obligatory questions about monitoring, hoping one of us would trash at least one vendor, but as granny told me, unless you have something nice to say, say nothing at all …

So we talked about the SMM programs within our companies, and Fanning won, hands down, by talking about her success in activating the “Fiskarteers” — a group of four-mega fan bloggers who have done a lot to spread the Fiskar brand to the craft niche. Good stuff — sort of grassroots community activation we saw in the early days of Reel-Time — but I felt downright dour talking about my world of detecting unhappy customers and trying to make them feel good.

Lesson learned, SMM should embrace the positive and not dwell on the negative. There are good, positive things out there to promote, the community just needs the tools and a good reason to do the promotion.

Drank beer with Karl and David Armano from Critical Mass, who was livecasting the beer drinking through a mash up page, but being too busy to drink a second, I returned to the room to get a project out the door and catch up on mail.

Here through tomorrow. Good conference, but what do I know, I am not a conference goer.

Bearing torches

I’m happy to point out that we commenced voting today on 18 finalists selected from more than 6,000 contestants vying for one of three chances to run with the Olympic Torch next spring in China.

On August 8, at the one-year out mark from the beginning of the 2008 Summer Olympic Games in Beijing, we commenced an ambitious global contest with the help of Google to build awareness of our global sponsorship of the Games.

So, for the last two months we’ve been taking entries in the form of essays, narrowed that down to 18, and today commence voting on videos submitted by the finalists.

I am very pleased with the results. We delivered well over a billion impressions and gained some very strong results. The strongest result of all, in my mind, in our first user generated content play, was the very high quality of the entries.

Please check them out here and vote for your favorite.

Forrester Consumer Forum Keynote

No outlets, so I am already power-paranoid, but keynote on “sacred cows” sets the requisite agenda that everyone is witness to a change in the world order.

First sacred cow to die is the marketing funnel, replaced by the marketing spaghetti diagram.

Dell getting big props for blog and fire issues. They deserve it.

Charlene Li, Vp, principal analyst, kicks off Your Customers are Revolting 😉 – “embrace your customers to turn revolt into reformation”

34% power and WWAN is sucking this battery dry. Spare battery at home. Woke at dark-thirty to make 6 am flight. Center seat. Grumpy and feeling car sick from taxi email in from O’Hare. Why don’t I carry my digital camera? Blackberry camera is evil for file upload. Need to sort out MMS. Blogging in Word – conference blogging is overrated and semi-stupid – will see what happens if Word is used as a log with republish into the same post through the day.

Charlene’s “modem” is running at low bandwidth for me. Insights are doubtlessly big for the noobs in the audience, but I am half-tuned in and fretting over Lenovo stuff, like our messed up webcast yesterday ….

Charlene talking about fans saving cancelled TV show, “Jericho.” Nut campaign to CBS. Twenty tons of peanuts.

Now lots of eye charts on demographics of: creations, critics, joiners, collectors, inactives, etc. – Forrester buckets for demographic/behavioral categorization. Now discussing tactics to turn around customer revolt

Update:

Q&A is upping the bandwidth. Audience is asking smart ones of Charlene: Chevy Tahoe, legal overhang, companies who aren’t interesting to audiences ….

Battery down to 20% — my kingdom for an outlet. I pity the company getting started in Social Media – tech support driven product and services like us and Dell are no-brainers. It must be like pushing string in consumer packaged goods.

Charlene cites Ernst & Young as one of the few brands to understand Facebook. Using it as a campus recruiting tool.

Christine Hefner

Smart presentation. Why can’t my Powerpoint have pictures of attractive, young, under-dressed women? That would be wrong. “Nike is a brand, Reebok is a shoe. ESPN is a brand. Sports illustrated is a magazine …”

“Playboy was a generational prison-break”

End of the second opinion in health care and the rise of the web research and community seeking to find experiences from others in the same health issue. “Armed consumer.” Internet set the stage for different relationship between consumers and authority figures.

Battery drained. More after a recharge.

Shame I couldn’t blog. Hefner had some very smart remarks –

Piracy and IP: “We want to be the home in the neighborhood with the biggest dog. We take piracy and counterfeiting very seriously. On the other hand you don’t want to be a brand no one wants to rip-off.”

Matrixed management in a multimedia organization : She spoke eloquently about changing the management structure at Playboy away from print, television, online, to a more matrixed model that leveraged synergies across the mediums.

Second Life: Arrgh. She showed it, she called it a “lab”, said it was “less about revenue and more about learning….” Okay, translation, virtual tumbleweeds are rolling.

PlayboyU – social network for .edu domains. Operations guy had the line of the morning: “Biggest mistake was assuming we knew the audience. They told us who they are and we learn from it.” Definitely a parable to apply to understanding customer segments and getting away from coverall-demographic segmentation. In otherwords – listen to audience to define It and then meet it with product that meets their needs. All tied into the notion of co-creation wit h the customer set. Don’t just make dinner, ask them what they want first and cook it to order.

Richard Edelman

I missed the post-break presentation due to fire at work, but back and blogging with 50% battery …..

Richard Edelman, chairman and CEO of Edelman PR is on stage.

“Move from being masters of the impression to masters of reality.” — catchy. “Trust in business is very tenuous…” Now on the trust stuff that Edelman is known for – Edelman Trust Barometer. Dispersion of media authority … ranking of trusted sources. CEOs are low in the list. Friends and peers are highest.

Pyramid of infleince – old way. Talk to the elite opinion makers, advertise to the masses. Gone. Done. Now it is the sphere of influence. Peer to peer model is going to dominate.

PR is public relationships. I agree – used that line at WPP two weeks ago. I hope he addresses the issue of internal ownership of social media. Is it service and customer support? Is it marketing? Is it PR?

He’s on Wal-Mart. This is a tough one for Edelman, very controversial among bloggers due to the RV blog and Wal-Mart facts. He doesn’t acknowledge that blow up.

CEO blogs – Pitney Bowes CEO is used as a n example as well as himself.

Discussion of crisis management – Crestor. Crestorfacts.com – “our way of having some degree of offense.”

Megaphone, superficial —-transparence, dialogue, honesty, immediacy, journalist level of accuracy. PR can aspire to conve3rsational collaboration, while advertising is controlled communication. Dell gets props for IdeaStorm. IdeaStorm as PR? I disagree.

Get accustomed to letting go.

Peter Kim now interviewing him and goes right to Wal-Mart issue. “we’ve put in mechanism to insure any social media program we engage in is checked. It is very important to have quality control. I told my people to ski the hill hard.”

“PR has as much room at this table as anybody.”

Kim asks: “Is PR dead?”

“Our job is to try to inform the conversation. This our view. Informed advocacy. We should not pretend to be media.”

Audience questions go right at Wal-Mart blogs. RV Tour and Working Families for Wal-Mart. Edelman says the RV tour was “not hidden” but the notion the two bloggers could have had a higher level of transparency.

Edelman says he blogs one out of five times on personal matters. Statement in the context of CEO bloggers and why they aren’t a bigger deal. Kim, asks how he manages star bloggers within Edelman (Steve Rubel no doubt): “Clients may get irritated but I rather be at the edge than conservative.”

Forrester Consumer Forum

I’m in Chicago today and tomorrow for my first Forrester Consumer Forum in over 15 years, the last being in Boston when I was reporting for Forbes. I’m on a panel moderated by Peter Kim later today on brand monitoring and management through blogs, but will blog through the day on whatever keynotes and panels I attend. Anyone attending, give me a ping.

US man seeks change for $1m note

BBC NEWS | Americas | US man seeks change for $1m note

Rocket scientist:

A man who handed over a counterfeit million-dollar bill to a cashier at a Pittsburgh supermarket and asked for change has been arrested.Police told the BBC the man became abusive when a manager at the Giant Eagle store confiscated the fake note.

He broke an electronic funds-transfer machine at the counter and reached for a scanner gun, said police.

There is no real US bill worth $1m (£490,000). Since 1969, the $100 note has been the highest in circulation.

Leeroy Toyota

In-game advertising has a great deal of appeal and there are an increasing number of opportunities to get a brand message inside of a game — whether it is track or field-side in a sports game, or some more subtle instance in a console shooter. With so much audience attention paid to games, and with the industry delivering revenues and eyeballs to rival mass, non-interactive media.

I have been noodling ways to get a brand into some of the better games — better defined as popular and hip with the right demographic — and in some cases, it just can’t be done.

After watching my sons get engaged with World of Warcraft, I began to play and realized there is absolutely no opportunities for a brand to slime its way into the game — say by paying Blizzard to build a piece of highly desired equipment “The Lenovo Runestone Of Understanding” or spell, “Aspect of the ThinkPad” (increases intelligence by 20 points for 30 minutes), etc..

Anyway, here’s a great case example of a brand that cracked WoW — Toyota — and they did it with an insider subtext that makes it all the cooler, but no less effective for non-players.

Backstory — sometime ago a machinma of a WoW raid made the rounds. For two minutes the raid leader discusses strategy, polls the other raid members, and in short geeks out over the preparations. One character, who has been sitting “AFK” (Away From Keyboard), suddenly springs up and bellows into his microphone, “Let’s do this! Leeroy JENKINS!!” and runs into the dungeon, ignoring all strategy resulting in the annihilation of the entire group.

Today the verb to “Leeroy Jenkins” means to charge in blindly and irresponsibly.


Here’s the clip. Watch it.

Then watch what Toyota has done. Not in the game, but on television. This works on so many levels, but especially well if you a) play the game, b) are hip enough to know about Leeroy and c) works if you don’t do either.

The Wooden Boat Rescue Foundation

The Wooden Boat Rescue Foundation

It’s that time of year when I begin to dream of winter projects above and beyond making a living and keeping the wolf from the door. Today, with my skiff in the garage awaiting some surgery and TLC, I started the annual pining for a wooden boat project — a strip built kayak perhaps, another skiff, a Mackenzie Cuttyhunk bass boat ….

These are thoughts that get me in trouble with my wife. Then I found this website, one devoted to rescuing old hulks. I found my project, it awaits me on Long Island.

“The Wooden Boat Rescue Foundation is dedicated to placement, saving, locating, researching, wishing, learning and dreaming of wooden boats. All boats are free.Wooden Boats beyond a certain point of condition and/or age are becoming rare. After years without proper care, they are sawn up, burned, or buried. It is our hope that this site can centralize connections between current owners placing boats with people searching for boats.”


When I find the time I’ll attempt to post on the history of the Mackenzie bass boat, a Cape Cod design built in the 1960s. These are the boats “designed by a fish,” that fish being the striped bass.