The Web2Marketer

Written by Marcus Schroefel on July 11th, 2008

Firms ‘miss’ social site success - BBC News, Silicon Valley

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Maggie Shiels wrote an interesting post today on
Technology reporter, BBC News, Silicon Valley

Business are failing to tap into the potential of social networking sites

Businesses are missing out on the huge potential that social networks present, a leading information technology company has warned.

Researchers for Gartner found that huge opportunities for improving the management of large firms exist.

“Businesses which harness how employees use these sites stand to increase savings, productivity and profits,” said Gartner researcher Jeffrey Mann.

He told the BBC the challenge was how to apply this to the corporate world.

The Gartner survey discovered that social networking sites, instant messaging email, chat and file sharing are attracting significant levels of interest online.

Their work was undertaken across 18 countries and territories between October and December of last year. It found that 38% of more than 4,000 PC and mobile phone users connect to sites like MySpace and Facebook via PCs.

Single people and teenagers and more men than women came top in terms of usage. The survey revealed that in large part they went online for entertainment purposes or to keep up with friends and family.

Throwing sheep

Mr Mann, Gartner’s Vice President of research, said he understood why companies both large and small might be sceptical about believing social networking presents a viable business application.

The number of companies that see the value of social networking is smal

Jeffrey Mann,
Gartner Research

If you look at the first reaction from any business when they examine this, it’s there is no reason to do this. People are “throwing sheep” at one another and they are seeing 2who is hot.

“But you have to look deeper as to why these people are using these networks. It’s to keep up with their friends, to mobilise them, to get involved in everything from politics to cleaning the local park. If you look at those reasons, then there are a lot of business counterparts.”

When it comes to real dollars and cents, Mr Mann maintained there are simple things that businesses can do to reap the benefits.

“It can lead to better productivity if you can mobilise your people quickly through social networking.

“For example our press agency uses Twitter and FriendFeed to do things like find someone to talk to a reporter. With these networks you can find out who is online and get answers quickly. It’s about keeping distributed groups in touch and up to date.”

The old channels might not be as powerful as they’ve been for many years. Companies need to rethink in many ways to succeed now and in the future. Those who recognize and take action now will def. have an advantage over those that refuse….

Nothing really more to add.

Well, there is a quote from controversal philosopher which in some way does match to these new insights …

“To understand the nature of the people one must be a prince, and to understand the nature of the prince, one must be of the people.”
Niccolo Machiavell
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