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Growing your revenues - and reputation – with social software

Growing your revenues - and reputation – with social software

By:  Joaquim P. Menezes  On: 23 May 2007 For: IT World Canada Creator

The social media world may be unstructured, uncontrolled, and quite scary, but it's actually also very liberating. And if used astutely and appropriately, social networking applications can prove to incredibly profitable in more ways than one.

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As bewildering - and beautiful - as Velcro

Wikis, blogs, podcasts, social tagging, RSS, collaborative video, mashups – the list of goes on and on.

To many the world of social media is bewildering.

A lot of C-suite types shy away from the "huge zoo of unmanaged conversations" that social media software has spawned, says Michael O’Connor Clarke, vice-president at Thornley Fallis Communications, a Toronto-based public relations firm.

For many executives, he says, the very idea of free-flow, user-generated content over corporate networks – employees talking with customers, and suppliers, investors, partners, journalists all interacting with one another – is very unsettling.

Clarke understands these sentiments, but says they ought to be overcome - and quickly. And they ought not to deter companies from unleashing the astounding potential of social media – especially as a tool to build brand and revenues.

"True, the social media environment is unstructured, uncontrolled, and quite scary – but it's also liberating." And if used astutely and appropriately, he says, social networking applications can prove to profitable in more ways than one.

Clarke sought to demonstrate this during a presentation at the recent IT360 event in Toronto. His session was titled: The Lunatics have taken over the asylum - Managing the impact of blogging and social software in the corporate environment.

Clarke compared the amorphous, seemingly chaotic universe of social networking to the image of Velcro viewed under an electron microscope.

"The image – looked at one way is incredibly messy. But it's also very beautiful. Social software is like that. It's messy, but can help build exceptionally strong bonds, within your organization and outside."

Architecture of participation

Many of the largest enterprises in the world have got the message, and are using these tools very effectively, Clarke said.

"IBM and Microsoft have been blogging for some time now. Microsoft has in the order of 2,500 – 3,000 corporate bloggers."

Nor is corporate blogging the prerogative of tech companies. Businesses in every sector are harnessing the power of blogs – and other social media tools – very successfully, Clarke said.

"Edelman and other PR agencies are doing it; so is Boeing, The Chicago Transit Board, Whole Foods, Coca Cola, and Stonyfield Farm that produces yogurts and other Dairy products."


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Joaquim P. Menezes Joaquim P. Menezes is a contributor to the International Data Group (IDG) News Service, which publishes global technology stories from bureaus around the world to more than 300 publications in more than 60 countries.

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