Posts Tagged ‘ Leadership ’

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Points of View is our blog dedicated to exploring the critical corporate communications issues of the day through insights and videos of Fortune 500 business and communications execs, industry insiders and our team.

Bill Feldman

The New CEO and the Power of Symbolism


August 2nd, 2011

In counseling a new CEO recently on the importance of the First 100 days, we encountered a familiar challenge.

ceo

The CEO’s organization, while successful, needs change. Old attitudes and outmoded ways of doing things have become encrusted, and the first hundred days represent a unique opportunity to break those molds at a time when change is almost universally expected and the organization is likely to be most receptive to it.

At the same time, skeptics within the organization are likely to doubt the new CEO’s fidelity to the organization’s core principles. They will almost certainly (though incorrectly) view the change as undermining those principles – and, though they surely won’t admit it, threatening to themselves and to their careers. These skeptics are especially likely to be clustered in a part of the organization most closely associated with carrying out the organization’s mission, and physically separated from the corporate headquarters.

This isn’t unusual. Consider, for example, the skepticism with which journalists at the Wall Street Journal greeted Rupert Murdoch’s takeover, or the people at IBM first reacted to the first CEO to come from outside the company. And, to be fair, the skepticism isn’t always unjustified.

In situations like this, one of the most powerful tools in the new CEO’s arsenal is symbolism. All CEO’s have a mandate for change – some more than others, to be sure, but studies show significant change, especially in strategy and in the leadership team is almost universally expected.

But some change is especially symbolic, and either by design or by accident will send a powerful and lasting message. It’s vitally important that the new CEO seize opportunities to send these symbolic messages, and avoid sending the wrong ones inadvertently. And don’t confuse “symbolic” with “superficial.” It is the substance of these key actions that makes them symbolic.

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Jesse Jacks

The Evolution of Social Media Monitoring: A Vertical Approach to Listening


July 19th, 2011

We’ve had a number of posts on our blog speak to the importance of social media monitoring in strategy creation, including a recent addition that highlights the need for improvements to technological platforms to better inform those strategies. Now, it appears as if some of those much-needed improvements are making their way into the world of social media monitoring tools, and via the wine industry no less.

red-wine11

Mashable writes about the rising success of Cruvee, a social media monitoring platform that specializes in identifying, decoding, and understanding online interactions in the wine industry. Currently, about 27% of all wineries in the US are using the service to inform them of their brand’s conversations online, among other cool features the program has incorporated into their service such as monetizing Facebook pages by giving the user the ability to turn their page into a virtual storefront, complete with a “buy now” button.

But the most interesting aspect of Cruvee’s service is that it addresses a number of issues currently facing users of other social media monitoring platforms. Cruvee has built-in solutions that aim to minimize the “clutter” associated with finding where your brand lives in online conversations. Think of it as a platform that allows your brand to focus on the strategy that results from conversation analysis, rather than the time-consuming process of receiving those results. Here are a few of the things the Cruvee model offers that should be incorporated into other platforms:

1. Comprehension of industry “jargon”. By focusing on one industry, the platform has built-in identifiers for language that other platforms often do not pick up. For example, someone tweeting the about the great “cab sauv” they enjoyed is picked up by the platform and shows up in the conversation dashboard results, where in many instances they may not. By searching for language that influencers within industry actually use (including shorthand, as in the above reference), the result is a clearer picture of what is actually being said.

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PulsePoint Group

Weekly Pulse: 3/14/11


March 14th, 2011

A recap of last week’s POV posts:

3/11: SXSW: Back to the Future of Digital: It’s that time of year again when our “live music capital of the world” (Austin, TX) decides to multitask and become the temporary epicenter of all things film, music and digital. Being based downtown, we welcome the SXSW visitors to our neighborhood and can’t wait to get out and mingle with some of the best, brightest and most innovative companies in the industry.

3/8: What it’s Like on the Other Side of the Search: I spent many years on the agency side – at Burson-Marsteller, Ketchum, and GCI Group – pitching business and always wondering what it would be like on the other side of the table. Now I know. My firm doesn’t do a lot of agency search for our clients, but occasionally we’re asked to help out. Coincidentally, we’ve been involved in a few situations just since the beginning of the year. The process is enlightening. Here are some lessons learned that agencies would be well advised to consider.

3/7: Where Strategy and Implementation Meet: Achieving Buy-In: Time Inc. CEO Jack Griffin was recently ousted after less than six months on the job. An agent of change within the organization, his approach to overhauling the ailing media organization clearly didn’t mesh with what his organization was ready for. Griffin’s demise reminds me of the stellar job Louis Gerstner did when faced with a struggling IBM in the early 1990’s. One of the greatest examples of a change agent succeeding, Gerstner was responsible for changing the entire direction of an organization that until he took over was looking to break up its business into smaller units and dissolve others. Today, IBM is a singular technology services powerhouse thanks to Gerstner’s strategic vision and ability to guide the company through a massive change in culture.

Jesse Jacks

Where Strategy and Implementation Meet: Achieving Buy-In


March 7th, 2011

Time Inc. CEO Jack Griffin was recently ousted after less than six months on the job. An agent of change within the organization, his approach to overhauling the ailing media organization clearly didn’t mesh with what his organization was ready for. Griffin’s demise reminds me of the stellar job Louis Gerstner did when faced with a struggling IBM in the early 1990′s. One of the greatest examples of a change agent succeeding, Gerstner was responsible for changing the entire direction of an organization that until he took over was looking to break up its business into smaller units and dissolve others. Today, IBM is a singular technology services powerhouse thanks to Gerstner’s strategic vision and ability to guide the company through a massive change in culture.

While these examples may be among the biggest and most complicated decisions in business and technology, one theme is shared between them and the smaller strategic decisions we deal with in our organizations everyday: the need to achieve buy-in from stakeholders.

Without buy-in from stakeholders, no technology has ever been brought to market successfully, and no business has ever thrived. And so it strikes me as interesting that we tend to focus heavily on the strategy we intend to roll out, while its implementation tends to be an afterthought, with fewer resources thrown behind it. This is where more organizations need to focus. The majority of the most successful businesses already do.

Strategies should be built with consideration as to how they will be sold to the people they will affect most. Managers should ask themselves, “How do we communicate a sense of purpose and urgency?” Time after time we find ourselves sitting on great ideas having given little thought to their mobilization. What typically happens is that the strategy itself has to be diluted in order to implement. This is not a best-case scenario.

The thought is that the brainstorming process that results in strategy needs to also incorporate mobilization tactics. Organizations should include their opinion leaders, at all levels of the company, in the strategy process at an early stage. Then emphasize how the strategy will positively impact the organization, rewarding those who champion implementation through ownership of responsibilities. Often times the key to a successful implementation lies less in the complexity of the strategy itself but more in the process of its creation.

It’s not as easily achieved as it is envisioned, but still we often aim high and deliver below desired targets when executing strategy. I believe we can improve our batting average if we don’t approach strategy and implementation as separate entities. By integrating the two, we will have a much easier time realizing the results our strategies are meant to deliver, rather than settling for a less satisfying version of the original strategy. I believe it is the most powerful way today’s companies can bring about meaningful change.

PulsePoint Group

The Weekly Pulse: 2/23/11


February 24th, 2011

A recap of the previous week’s POV posts:

2/23: PulsePoint Group Corporate Communication Index Seres Part 6: Change (video): Bob Feldman, partner at PulsePoint Group, provides commentary on the firm’s recently released Corporate Communication Index Study. This is the sixth in a series of videos where he provides insight into the findings.

2/9: “Translating” Innovative Ideas for Clients: As a strategic consulting firm, counsel is only as good as it is palatable to our clients. Some might interpret that as requiring that we supply strategic insight that adds value to our clients. While that is at the core of what we do, it isn’t what I am referring to. What I mean is that a great idea can’t penetrate an organization if it isn’t delivered in a way its people can readily understand.

2/4: Instilling Practical Innovation in the Enterprise: Much of the recent discussion surrounding innovation in the enterprise has been geared towards consumer-facing aspects of the business: crowdsourcing new product ideas, engaging the consumer in experiential marketing, or even asking the consumer to develop advertising or mobile applications for the business. While these are all innovative ways to engage the consumer and garner some relatively cheap attention, business leaders often find themselves relying on “tried and true” examples of innovation, rather than harnessing it from within their organization.

Jesse Jacks

Instilling Practical Innovation in the Enterprise


February 4th, 2011

Much of the recent discussion surrounding innovation in the enterprise has been geared towards consumer-facing aspects of the business: crowdsourcing new product ideas, engaging the consumer in experiential marketing, or even asking the consumer to develop advertising or mobile applications for the business.

While these are all innovative ways to engage the consumer and garner some relatively cheap attention, business leaders often find themselves relying on “tried and true” examples of innovation, rather than harnessing it from within their organization. We often work with clients on internal crowdsourcing projects to great success, but as many of our clients and staff here at PulsePoint Group will tell you, the most glaring obstacle is often times the lack of an embedded approach to harnessing innovative thinking and practices within teams or throughout the organization. Sometimes the organization’s biggest hurdle to embracing innovation is simply not knowing how.

Businessweek published an article this week on GE’s five-year-old “Leadership, Innovation, and Growth” (LIG) initiative, employed by the company as a vehicle to jump start innovation and growth from deep within the organization. The initiative focuses on practical ways leaders and employees can instill traits within the company’s culture that foster the type of environment needed for organizations to get the most out of internal innovation projects like crowdsourcing platforms. Co-authored by GE’s VP of Executive Development and Chief Learning officer, Susan Peters, the article shares six practices GE has implemented within their organization as they work towards developing a culture where harnessing innovation is not a part of an exercise or project, but rather a way of running the business.

As innovation plays an increasingly important role across all factions of the enterprise, organizations that are able to create a culture that works, thinks, and executes with an eye towards the human aspects associated with an “innovation ready” culture will surely come out ahead of those who do not.

You can read Peters’ and GE’s execution roadmap here.

PulsePoint Group

Charlie Perkins on the Current Communications Landscape


December 3rd, 2010

Charlie Perkins, public relations director of the Americas for Ernst & Young, on the current communications landscape and how we impact our organizations.

PulsePoint Group

George Jamison on the Landscape and Job Prospects for CCOs


November 15th, 2010

George Jamison, principal at Spencer Stuart, on today’s communications landscape and job prospects for Chief Communications Officers.

PulsePoint Group

Laura Moore on the Elevation of Reputation Risk to the Enterprise Risk Map


October 14th, 2010

Laura Moore, Vice President of Global Communications at Kimberly-Clark, on the growing trend toward elevating reputation risk to board-level consideration as part of the enterprise risk map.

PulsePoint Group

Oscar Suris on Reestablishing Trust in Banks and Wells Fargo’s Future


October 7th, 2010

Oscar Suris, EVP of corporate communications at Wells Fargo, on reestablishing trust in financial institutions and the future of Wells Fargo after its acquisition of Wachovia.

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