Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Monday, May 19, 2014

The first 90 days of the Chief Digital Officer

The first ninety days in any job are important. But in such a new and exciting industry as online & digital, the first 3 months in the role of Chief Digital Officer are key.
Here are my thoughts on what should be the main areas to focus of the CDO during this period:
  1. Understand the overall business strategy
    Any digital strategy created must be completely aligned to what the business is planning (Commercial aims,  new products, marketing, etc.)
  2. Learn the culture
    Every organisation has a "way of doing things" and seeing itself. This doesn't have to perpetuate, but it is good to know what sort of people your peers and team around you do and think. Most important is the appetite for change... which can either be a critical success factor or a big nail in the coffin of a lot of the most forward-thinking digital plans.
  3. Set a benchmark
    Recognize which of your competitors (if any) are doing innovative things, or just doing the same stuff but better! 
  4. Identify your stakeholders and make friends
    From marketing and customer insight through to IT and Operations... if you are going to be an agent for inevitable change, you will need to build allies first.
  5. Research your customers
    It's no good setting yourself up to digitize everything if that's not the correct way forward. And it's no good rolling out smartphone apps if all your potential business is using tablets. You don't have to know everything about every one of them, but being able to classify and segment them into target audiences will help you create the most relevant products and experience for them.
  6. Build your vision
    Create an idea of what success looks like. What is the end game of all this change and how does it help the user and company? (Tip: Then give this vision to your strongest critic and ask them for feedback - this will iron out a lot of the wrinkles)
  7. Create the roadmap
    Draw up and digital roadmap of short and longer-term projects & tactical changes that move the organisation forward towards your vision. 
  8. Justify investment
    Where necessary develop businesses cases that explore the investment required to realise the roadmap.
  9. Deliver something quickly
    Nobody is realistically going to wait for you to see out your initial 3 months without some business improvement. This shouldn't be too difficult for any CDO new to the role, as there are always quick wins to be had
  10. Have fun
Have I missed anything?

Wednesday, March 24, 2010

Geotagging and location-based services, the businesses benefit

There's a great old TV announcement that says "Its 10pm and do you know where your children are?" [Wikipedia link] that was used as a Public Service Announcement in the USA from the 1950's. But these days, in the age of Foursquare and Gowalla applications, the question to companies should be "Its business hours and do you know where your customers are?"

A year on from their launch, the two location-based services are gaining significant numbers of users (me included) as people live their lives both in the physical world and the real-time web. This form of augmented reality means that people carry on their daily activities but 'check in' online to physical locations to tell their friends where the are and unlock badges or pins, or even virtual gifts in the case of Gowalla. Both also allow their users to provide hints and tips about that location (e.g. "the coffee here is really good" or "don't order a seat near the kitchen in the Summer", etc.). Foursquare (who I predict to win out in the end as the more popular service)also allows regular visitors to the same location to become 'The Mayor' of the establishment. With the majorship passing between the frequent users this creates a social-based competitive element to the application.


So that's how its used, what's the opportunity for business?


Well a major benefit of tapping into this application is the ability to get instant information on customer habits (e.g. which regulars are visiting and how often), as well as being able to get valuable feedback from the comments made.

This is also not just a thing popular with USA techies*, location-based services have now come to the UK where department store Debenhams and Dominos Pizza have recently joined up with Foursquare. Debenhams large store on London's Oxford Street now offers free coffee to anyone checking in there on a Friday and the ‘mayor' gets coffee all the time. Whilst Dominos now offers free weekly pizza to every 'major'.

*even though at the recent South-by-Southwest [SXSW] event in Austin USA, Foursquare worked with some companies to provide specialist badges & promotions for them.





In fact, Foursquare are now actively encouraging businesses to sign-up to provide a Foursquare "mayor specials" on their dedicated business page:
http://foursquare.com/businesses/

So although its early days, with usage still restricted to the early adopters, its likely that these services will grow in usage over the next year. Subseqent integration with Facebook, Twitter and other services (e.g. plancast.com where you say where you're going to be in the future) will only add to their quick adoption.

Tuesday, December 1, 2009

Blogging bad habits

I've just recently read a decent concise book about blogging for business called “Blogging to Drive Business” by Eric Butow and Rebecca Bollwitt, due out on 28th February next year.

Disclosure:
I got sent the chapters by the publishers who were after a quote for the notes on the cover. So hopefully my comments are there when the book arrives on bookshelves (if there are any physical bookstores left in 2010)

Anyhow, this book explains the "who, what and how" of this art-form.
Note: I've called it this, rather than a science, as the: subjects, measurement and quality are completely subjective.

It has therefore got me around to thinking about blogging best practice and I think it's time to mention, not the good things I find about blogging... But the mistakes that are made so often.
  1. Writing badly
    Yes, i know I'm guilty of it sometimes (I use an iPhone blogging app sometimes, so I don't get the chance to correct my spelling before I post), but this has to be a major reason why I stop reading blogs. Not everyone is a great writer... so if you're not, take time to read your entire posting again before you submit it. If you can wait a bit beforehand, even better.
  2. Blogging in anger
    Submitting a post just to vent your spleen is the equivalent of drunk-dialling. However unlike a midnight call to an ex-lover... your post can be up on the web for a very long time and you can quickly regret doing it. Always remember that everyone on the web can read your post, not just you. In particular, if you mention a person or company in a particularly nasty way.... consider NOT doing this and then consider it again! (I'll not even venture into the legal nightmare of defamation and libel for more vitriolic posts)
  3. Not replying to comments
    So someone has taken the time to read your blog and even write something in response. Now assuming they are not a spammer or a mad person.. what reason or right have you got to ignore them? Blogging is a platform for a dialogue, not a monologue. Even a "thanks for the posting" response goes a long way to building a relationship with your audience, so whether you are a company or personal blogger... you have a brand to consider
  4. Intermittent blogging
    Yes I know that writing a daily blog can be a huge investment in time, so if you can't maintain a daily blog... don't do it! (consider writing a weekly blog instead). Its understandable that we take holidays or time off, but if you know this is likely, why not write a post or two in advance and schedule them to go live when you're absent - most blogging packages allow this functionality these day.
    Note: I've yet to see a headline of a dead blogger continuing to post thanks to this feature, but I bet it has happened!
  5. Writing posts that are too short or too long
    If you wanted something fluffy that goes "meow" then you wouldn't buy a dog and try to train it to do it, would you? (you'll be disappointed or on TV/YouTube very quickly). So don't blog if you are only going to post a few words (use Twitter) or a huge amount (write a book/ebook). Statistics from back in 2006 from ProBlogger showed that the average time visitors spend reading a blog post is 96 seconds. Now, potentially these times have decreased as people have got used to Twitter's 'microblogging' format, but the general consensus still to keep your postings between 200 - 500 words.
    Note: If you have a much longer piece, consider breaking this up into two or more articles

So... does anyone have any more?

Friday, June 12, 2009

Ignore social media at your peril

Brand Republic today have a nice little article on how some companies are still shying away from Social Media.
http://www.brandrepublic.com/News/912481/Companies-ignore-social-media-digital-consumer-peril/

Whilst it seems quite strange (to those of us that use & work around the online social space) that some organisations would still chose not to venture into this area... we still have to remember that we are (including our clients) still all relatively early adopters in understanding and using social media for business purposes.

Sunday, March 8, 2009

What other revenue models do newspapers have?


1. Micropayments?
(I think we've covered that one)
http://press20.blogspot.com/2009/02/micropayments-will-save-newspaper.html

2. Hyperlocal news?
(Possibly)
http://press20.blogspot.com/2008/08/hyperlocal-news-could-work.html

3. Gate the ISP's to pay?
What? Yes, that's right... some have suggested charging the ISP's for their news
http://techdirt.com/articles/20090224/0103083878.shtml
On what hope? That they'll have exclusive content?

Sunday, March 1, 2009

The value of business cards


I'm a believer in fast & effective communication in all its forms, hence why I consult on digital communication technologies. However, one thing I always carry with me (well, several of really)and hand out wherever possible... is my business card.

Yes, there's the virtual business card that people used to attach to their emails some while back, but that has relatively ceased now. So why is it that the busiess card works so well still?

Tuesday, November 11, 2008

A failed experiment

I've been following a rather heated debate started by Scott Karp over at Publishing 2.0 on the failed business models of traditional (old) publishing. He's had some intersting debate, mainly thanks to his main challenge that newspapers aren't entitled to make a profit just because they think its a valued venture.

Or to quote him directly:
Nobody has the right to a business model.
Amen to this! The World is filled with people who had a great but failed idea. Why should the newspaper industry survive just because:
  • "that's always the way we've done things"
  • "that's what I trained for"
  • "we helped bring down a government in the 1970's"
  • etc.
Now I've already covered this subject in a post back in April "What does press2.0 really mean?" but to put it more succinctly.

We may eventually find that the profitable running of a newspaper was a failed experiment!

Tuesday, May 13, 2008

New business blogging presentation

After discussing the production a corporate blog with a current client, I've redeveloped a presentation I had previously put together and posted it up to Slideshare for my new client and everyone else to see.



This presentation covers the basics of setting up and maintaining a company blog, including the benefits to be had and potential issues faced.

As always, I'd welcome comments on ways to improve my work.