What’s the Future of Business?

Brian Solis is an author, analyst, and a principal at Altimeter Group, a firm focused on disruptive technology. He’s one of the world’s premier thought leaders in new media. His blog is one of the world’s top resources for business strategy and marketing.

What I most enjoy about Brian is that he has the ability to take complex subjects and break them down so you can understand them. His latest book, What’s the Future of Business? accomplishes that in a very different way than his previous work.9781118456538

Brian, before I jump into the latest book and the future, I want to slow down and talk about the past and the present. Because of the nature of your work, I imagine that you’re surrounded by social media experts most of the time. But there are still companies that are just now jumping in or maybe are still on the sidelines. With that in mind, what are the three biggest reasons a business should be utilizing social media today?

First, let me just say that I appreciate this opportunity to speak with you. While social media is part of what I do, it is true that I do have a unique opportunity to see how businesses are or aren’t using social media to reach connected consumers. We live in a social economy where social is an extension of customer engagement. Social media become the channels and mechanisms to listen, learn, engage, and adapt.

The first reason that social media is important to businesses is that it amplifies the voice of the customers, their expectations and questions, their touch points, and most importantly the experiences they have and share. There’s much to learn by listening and observing. It is a form of digital anthropology where you gain not only insights but empathy. Try to not let it intimidate you . . . if you’re human, you can feel what’s taking place and as social is a very human series of networks, you can understand how to glean and deliver value as a result.

The second reason is that having a notable presence in networks of interest allows a brand to earn relevance where the attention of Generation C (connected) is focused. This isn’t a channel for the same one-sided marketing as executed in other channels. Social media is just that, it’s social. It’s not all about marketing. It’s about engagement in the context of how people hope to interact with the company.

The Four Moments of Truth in WTF The Four Moments of Truth in WTF

Last, but not least, is alignment. See, to build customer relationships requires that we see the customers for who they are and what they need to build relationships with the businesses they support. To do so requires a “social” philosophy where social media becomes an extension of a more engaging corporate mindset. Since social is bigger than marketing, key stakeholders from other functions and lines of business, or in the case of small businesses, other people responsible for the customer experience, need to come together to talk about the customer journey and the desired experience they wish to deliver. Today, businesses are aligned around the traditional funnel, but each department is responsible for its own portion. Whereas in connected consumerism, the journey is much more dynamic and experiential. And, since people have access to publishing these experiences in places of influence, these experiences contribute to a new reality. By rallying stakeholders together to deliver a consistent, meaningful and shareable experience, people come together around something that’s bigger than the team they represent. Alignment is powerful and required for the future of transformation and evolution.

Where are companies still getting social media wrong?

Working for Good

precious individualist

Jeff Klein is the CEO of Working For Good and trustee and executive team member of Conscious Capitalism Inc., an organization cofounded by John Mackey, CEO of Whole Foods.  He’s written two thoughtful books Working for Good: Making a Difference While Making a Living and It’s Just Good Business: The Emergence of Conscious Capitalism & The Practice of Working For Good.

What is Working for Good” ?

Working for Good is the name of my book and business. It is a brand. And it is an approach to work, business and life that orients around service, sustainability, learning, growth and development.WFG200

What are the benefits of creating an environment where you can truly “work for good”?

Purpose is among the highest motivations for human beings. If your work is infused with purpose, then you are inspired and energized to bring all that you have and all that you can to the work.

Love and care similarly bring out the best and most in people. If you care about and for the people you work with and if they care about and for you, your connection to them is deep, and you are motivated to serve and support each other.

When people are aligned and alighted in purpose, supporting and serving each other — and others who they come in contact with (including customers and other stakeholders of the business) — the business is alive. It attracts attention and fosters relationships built on trust and loyalty, which leads to resilience and sustainability.

This is very good for business!

“If your work is infused with purpose, then you are energized to bring all that you have to the work.” -Jeff Klein

How is a business like a garden?

The most essential skill of a gardener is that of attention. “Tending” a garden begins with attention. When you pay attention to the garden, you see what is going on and recognize where care and intervention are required.

Finding the Next Steve Jobs

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Photo courtesy of istockphoto/TABoomer

Nolan Bushnell founded groundbreaking companies such as Atari and Chuck E. Cheese.  In his first book, Finding the Next Steve Jobs: How to Find, Hire, Retain and Nurture Creative Talent, he outlines a plan for helping companies bring more creativity into their organization and make it their competitive advantage.  (Nolan hired Steve Jobs in 1972, two years after founding Atari.)  The book is a must read for all creatives and especially anyone who aspires to manage creatives.

My good friend, best-selling author and speaker Tim Sanders of Net Minds, is his publisher.  Tim graciously agreed to interview Nolan and talk about creativity, leadership, libraries and even publishing.  Here is the conversation between Tim and Nolan:

FTNSJ_Cover_v31_130#1330ED1I know it’s your strong belief that leaders at companies need to foster a creative culture. If you were going to give leaders one piece of advice on how to think differently about a creative culture, what would that piece of advice be?

I would encourage them to say yes to at least one crazy idea a year.

Give me an example of some of the crazy ideas you heard when you were in Atari.

Among the many that were pitched to me, one that stands out was this notion of making pretty pictures when music happened. It seemed ridiculous at the time. The product ultimately turned into Midi.

Midi, of course, is the standard that still exists to this day for connecting music devices to each other and synchronizing them. 

I think we built 20,000 of them, and I think we sold six at full-price. (Laughs). But it did become a force within the industry, for sure.

Let me ask you about leadership because you’ve led several companies. Do you think of leadership in a military way, a coaching way, or an improv comedy way?

7 Facts of Business Success

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Photo by melanie_hughes on flickr.

 

After over forty years of owning businesses, Bill McBean shares the success factors that propelled his ventures to new heights. Whether turning around underperforming auto dealerships or forming new investing and administrative services companies, Bill has seen what works and what doesn’t. He recently wrote The Facts of Business Life, and I had the opportunity to ask him a few questions about his formula for business success.

Why do most businesses not achieve the level of success that they should?

It’s usually a combination of reasons versus one specific reason. These reasons are, in no particular order: 1) an opportunity with little potential for gross profit and net profit; 2) a lack of knowledge of the important elements, or basic fundamentals which create success; 3) a lack of leadership knowledge of how to move a business “from here to there”; 4) a lack of knowledge of how to compete; 5) a lack of overall business knowledge (not to be confused with industry knowledge).9781118094969 cover.indd

This is not a comprehensive list, but in my opinion from what I have seen they make up the vast majority of business failure or lack of success — and it’s rarely just one of these reasons. Instead it is a combination that can kill or seriously hinder the success of a business.

Your book outlines seven “facts” that successful business owners understand and utilize. We don’t have time to go into all of them, but how did you develop and choose these seven?

Fact 1: If you don’t lead, no one will follow. 
Fact 2: If you don’t control it, you don’t own it. 
Fact 3: Protecting your company’s assets should be your first priority.
Fact 4: Planning is about preparing for the future, not predicting it. 
Fact 5: If you don’t market your business, you won’t have one. 
Fact 6: The marketplace is a war zone. Every company has competitors, and if it doesn’t and it’s successful, it soon will. 
Fact 7: You don’t just have to know the business you’re in; you have to know business.

It probably wouldn’t surprise you if I told you these ‘facts’ chose me rather than me choosing them. By this I mean in all my years of business ownership these 7 facts were the ones which cost me the most money — either in not optimizing an opportunity or by not paying enough attention to a particular fact that ended up taking a big bite out of my wallet.

Are You Living or Existing?

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Photo by ’James Wheeler on flickr.

I met Kimanzi Constable somewhere between the blogging and Twitter worlds and heard his story.  He was stuck in a dead-end job, unhappy, and going through life in a way that was existing, but not thriving.  He decided to do something about it and began to change his life.  As he describes it, he decided to “stop settling, stop making excuses.”

As he began to change his life, he self-published two ebooks, which sold over 80,000 copies.  A short time later, a publisher called and he ended up with a book deal.  He quit his job, becoming a speaker and a coach.  His first published book is Are You Living or Existing? 9 Steps to Change Your Life.

9 Steps to Changing Your Life

  1. Identify Your Dreams
  2. Get Fit
  3. Get Rid of the Negative
  4. Fix Your Money
  5. Nail Down Your Plans
  6. Make the First Moves
  7. Tie Up Loose Ends
  8. Make Radical Changes
  9. Pay it Forward

Why did you write this book?

I wrote this book because for twelve years I had settled and made so many excuses to not live the life I truly wanted to lead. After many struggles and victories and tears I realized a lot of truths that I thought could really help people who were and are in the same position I was in. I wanted to show everyone that anyone can live the life of his or her dreams with the proper plan. I’m living proof; this book is my game plan on paper.

What’s the difference between living and existing?

The difference is realization, attitude and action. You start by realizing that time is one resource we’ll never get back, so we can’t afford to waste it doing things that won’t better our life. Then have the right attitude towards everything you do, viewing opportunities as a blessing and not another task on your to do list. Action means not wasting your life away watching the latest prime time shows. It means getting out and creating amazing experiences. At the end of your life you won’t remember all of the stuff you got or shows you watched. You’ll remember incredible experiences and times you impacted the lives of others.

Describe the moment when you had enough and decided to go for your dreams.