Is Kodak’s demise a symbol of a lack of ability to evolve?

A could of days ago I was surprised by the news that Kodak had filed for a form of bankruptcy (please note, this may not effect all of the Kodak business around the world) . This is one of those companies that many of us would have grown up with and considered to be a trusted brand. While they had a wide range of products, for me, they were better known for their photography equipment.

Their brand was everywhere, and even where it wasn’t, their customers would carry it with them as they traveled all parts of the globe. I can remember those 24 shot films in their yellow splendor, while people fiddled with them as they manually inserted them into their camera. Did you every take a series of photo’s only to find that the film had not wound on properly?

It is of interest to me that while more photo’s are being taken than anytime in history, a traditional giant falls.  Today, most people have access to a digital camera or a device with a camera feature, such as a mobile phone.  Traditional storage media, such as the silver halide film, has become obsolete to the novice photographer.  Rather than printing photo’s onto photographic paper, they are shared with the click of a button on sites such as Facebook.

This is not an isolated case, we have seen other business struggle to evolve to meet changes in consumer behavior.  One of the first industries to grapple with this, was the music industry.  Here in New Zealand, we have also seen one of our largest book retailers pull through liquidation.

Due to the availability of technology, businesses face new challenges, the market can change as quickly as someone tweets a short message on twitter or a comment is left on a Facebook page.  This is not something that can be ignored, businesses now need to become social.  They need to learn how to leverage both positive and negative customer sentiment while having the ability to bring new products to market in response to rapidly changing consumer demands.

 

 

How big is your social network? Does size really matter?

Over the past few days I have been thinking about how to best quantify the size of a social network.  Often when I am talking to businesses about what it takes to become a social business, they can perceive the value for a company like IBM with over 400,000 employees, but struggle to see the benefits for their business which could be considerably smaller.

Facebook has over 800 million active members, yet I only have about 100 friends.  Of those 100 friends less than half of them would be active.  I have been very selective in choosing my friends and I often remove friends for a variety of reasons.  When I consider the size of Facebook, for me it is really only 100 people that matter.

At IBM the size of active users on Connections must come down to the number of people in my network based on my explanation of the size of Facebook, right?  Well, no, the size of social business software is far greater than those just in my immediate network.  Connections is about the harvesting of Social Capital and expertise identification, not just a social activity stream.

The left hand doesn’t know what the right hand is doing – ever heard that before?

I have worked with a lot of different organisations over the years, I’ve always found it really interesting how easy it is to pick up on the culture of the company within minutes.  It only takes a few comments from one or two staff to gain some significant insight.

One day, I was working on a computer in a room with two other people.  My back was toward them as I worked to solve a problem.  A conversation started to gain some momentum with the lady (let’s call her Sally) and her colleague (we’ll call him Tom).  Tom was talking about how he had asked his boss for some extended leave, and that he was now awaiting for his approval to come through.  Sally, who usually had a thing or two to complain about, then told Tom that she had asked the same boss for a pay rise 5 years ago.  Sally was upset because she had not had an increase.

As their conversation drew to an end, I too had finished what I was doing.  I turned around to leave the office and could not help but notice that Sally was playing a card game (solitaire) on her computer.  I thought to myself “and you wonder why you have not had a pay increase”?

Unfortunately, we all know people like this.  The sad thing is that the problem usually lies with the management of the organisation.  Yes, as a manager there have been times when I have unintentionally bought about similar situations.  The sad thing is that when Sally started that job, she would have been really happy to have had a new job and most likely would have wanted it to have been a success.  But something changed and she became disengaged.  I would hazard a guess and suggest that she felt undervalued.

By nature people are social.  The conversation being had by Sally and Tom was in fact a social conversation, but one which could have had great value to the business.  Have you ever considered what it would take the reengage people like Sally?  It often takes time, but it is often as simple as giving them a voice. A voice which they know will be heard.

In a Social Business, the culture is driven by people having the ability to share their thoughts and views in a non-structured manner.  The key is that there are people to listen.  We have all heard the quote “The left hand doesn’t know what the right hand is doing” .  However, in a Social Business, the left and the right hands are always talking.

To get people to collaborate and to work together, they need to know that there is more value in sharing their ideas rather than keeping them to themselves in an effort to become indispensable. They need to understand that job security comes from being able to contribute to the rest of the team.

What barriers are there within your organisation which prevent people from being able to collaborate effectively?  What is it that prevents the left hand from knowing what the right hand is doing?

Common barriers may include:

  • Multiple offices spread over geographical locations
  • Different lines of business or departments
  • Individual email accounts
  • etc

The result being that information easily ends up in silos and becomes either hard to get to or is easily forgotten about.

For a long time I have worked with organisations where these barriers have suppressed productivity and profitability due to ill-effective collaboration tools.   This is why we have seen people adopt social media (the likes of facebook, wikis and blogs) as their preferred tools of communication.  So much so, some people consider themselves to be addicted to facebook and twitter.  They even seem to share thoughts and ideas that they wouldn’t otherwise share.

In a business context.  It is important to be implementing social business tools.  These tools are typically in-house tools which are only available to the business or those they wish to share with.  I’m not talking about using Facebook, Linkedin or twitter.  I’m talking about using business grade tools for internal use, such as IBM Connections.

Globally, 57% of stand-out companies are now running Social Business tools to collaborate more effectively.  Want to be a “Stand-out” company?

Is the whole concept of “Social” just a fad?

This week I was involved in a couple of conversations where people entertained the idea of Social Computing being a fad.  This would infer that you are most likely to be wasting your time when trying to make use of modern tools within the context of your business.  The reality is, it is not a fad, it is really a happening thing.

Let’s consider for a moment some of the significant things that are happening around the world as a result of social networks like twitter and face book.

  • Governments are being overthrown
  • Governments are being elected – look at the Obama Campaign
  • Old brands are being reinvigorated – look at the Old Spice advertisements on  Twitter and Youtube
  • Companies are making additional sales through twitter – look at the success of Dell

The modern day concept of “Social”, as it relates to technology, is not something that can be ignored.  Directly or indirectly, it now effects every business around the globe.  This effect could be negative if it causes employees to be distracted and unproductive, however if it is harnessed within the context of your business it could be the most powerful way of doing business yet.