CCO

Transmedia, OnDemand and the power of listening to audiences

By Nathaniel Hansen, CEO, The Socializers

If more Marketing Managers at Fortune 500 companies/major media companies truly understood the potential of future media delivery channels like GoogleTV PAIRED WITH “content-informing-intelligence”, there would be a mass re-organization of dinosaur-age ad/marketing agencies whose teams have yet to even train in social monitoring/intelligence tools AND have none of the talent-identification capabilities that a CAA or William Morris has. Those same Marketing Managers would then turn to social business agencies for the following process:

(a) pre-product dev intelligence gathering/listening,
(b) demographic-savvy content/product design RELATED TO what is discovered/analyzed from conversations in the social fabric of the internet,
(c) Relationship Architecting with related Social Strategy to identify ideal Key Influencers (and their content), thus paving the way for seamless and swift introduction of said content into the fabric of communities hungry for it,
(d) on-going listening that creates a virtuous cycle of this process.

The future leaders of transmedia will use the process above as just one of their approaches in expanding possibility for those who interact with media, advertisers, media/content producers AND communications entities. Transmedia and the associated processes that will bring this fabulous new way of interactive relationship to programming IS the future of CONTENT IDENTIFICATION AND PRODUCTION.

Colin Donald of FUTURESCAPE.TV says it best in the following comment on an article entitled Struggling for control: The humble channel-zapper is evolving in ways that will shape television’s futurein a recent edition of The Economist magazine:

“Internet-connected TVs lead to massively increased choice and require next-generation EPGs to help viewers navigate the wealth of content.

One solution backed by many in the industry, like Rovi, is to develop social EPGs that let friends recommend TV shows and videos to each other, via social networks or via systems which use data from social networks.
However, the implications are even more radical than your article suggests.

When Futurescape.TV recently researched this nascent social TV sector, we concluded that Facebook and Twitter are already battling for key roles in the TV industry as Internet-connected televisions transform TV into a social medium.

The two social networks have an actual or potential commercial role across the entire TV value chain.

For instance:
Global pay-TV, estimated at $250bn in 2014, needs social recommendation and discovery services because these encourage viewers to subscribe to more expensive packages and buy more video-on-demand – Facebook and Twitter are both major providers of social data.

Facebook in particular has a highly developed social graph of people’s relationship with entertainment content, from the ubiquitous Like button, integrated into many broadcasters’ Web sites. Both it and Twitter own considerable, detailed data about people’s behaviour, such as discussing TV shows and sharing links to videos.

As your article described, set-top box middleware and EPG providers similarly need social network data for recommendation and discovery – the European EPG market alone will be worth $555m by 2014.

TV manufacturers’ strategy to provide video-on-demand direct to viewers also requires social recommendation, while their connected TV apps enable viewers to interact with Facebook and Twitter on home TV sets. Facebook aims to tap the $180bn worldwide TV ad market, competing with broadcasters for brand advertising – Google TV and similar Web-on-TV systems will put Facebook and Twitter targeted ads on TV screens.

Facebook and Twitter buzz affects TV ratings, while broadcasters that use the social networks for viewer engagement are effectively sharing their audiences with them.

The social networks know in real time how people react to TV programming – this is an essential supplement to Nielsen-type viewing data.

Integrating social networks with EPGs is only one manifestation of a profound and permanent change in the television industry, a change through which Facebook and Twitter are positioning themselves as major industry players.”

The teams working on Oprah’s new cable channel and on eBook sales strategy at Bertelsmann’s Random House are contending with issues related to the new possibilities in transmedia and how to make content delivery platforms lucrative for their shareholders WHILE giving users the most flexibility in interacting with their portfolios of content. Those media publishers who acknowledge the value in being customer-centric vs. product-centric in their offering AND develop platforms that allow maximum interactivity WILL win!

To quote Ali Valdez, a senior Microsoft sales leader, “Their customers will be their marketers. Their customers’ social network friends will be their new customers. Full transparency, good and bad, will drive innovation and competitive pricing. The consumer will win. Those brands that enable consumer victory will share in the bounty.”

TO SUM UP: Combining research from tools like Recorded Future, the world’s first temporal analytics engine (a video intro to Recorded Future here), and Radian6, a leading social media/network monitoring solution, media companies now have the opportunity to LISTEN to audiences that have OPTED OUT of traditional marketing channels and are OPTING INTO new, socially chosen/recommended channels. They then are able to match valuable information from conversations within the social fabric of the internet WITH market trends and probable future events to create product/service/content offerings with previously un-paralleled precision. Existing portfolios of content may be re-purposed into countless monetizable and USER-GENERATED interactive communities.

Understanding the future requires observation and listening and it is a Chief Customer Officer who will teach this to marketing staff, brand managers and community managers.

Recent video from presentation to Conservation group in California on social media

The Importance of a Customer-Centric Business Approach

Video Link: CCO vs. CMO – The value of the Chief Customer Officer

“The Realist Optimist is the most 
powerful and effective of the open 
leader archetypes, somebody who 
can see the benefits of being open 
but also understands the barriers.” 

~ Charlene Li, Open Leadership, 
published May 2010.

Focusing on the customer, listening to what he/she wants remains the number one most important first action for any organization desiring a satisfactory engagement. Social networks have initiated the world to completely personalized channels of content production, distribution and consumption. The engaged user can now create his/her own TV channel on YouTube, Google TV and numerous other video channels. The Conversation Prism is an excellent image of the variety of social networking sites available to an individual in his or her establishment of an online tribe.

When we listen to our customer, then we can select brands, products and services geared toward his/her needs. The customer-centric approach in social media specifically requires listening via social network monitoring tools like Radian6, Trackur, Compete, Webtrends and Cymphony.

A Chief Customer Officer will instruct brand manager, product managers and interactive/asset managers on the best use of energy within a given demographic/vertical after having participated in a listening project. Now more than ever, customers are becoming wiser in their choices about products and services sold online, primarily due to the vast amounts of time users spend online AND due to the phenomenon of user-selected/created channels. The mechanics of this has to do with personal choice and responsibility, along with the blossoming of sub-sub-cultures/niches beyond anything seen in previous societal configurations. Social networks allow us to know ourselves better, which in turn gives us more exact and precise opinions on what we want.

Reflections on The Dachis Group/SOMESSO Social Business Summit

Reflections on The Dachis Group/SOMESSO Social Business Summit by Nathaniel Hansen

(Held on March 18, 2010 at Limkokwing University in the Mayfair District, London, UK)

Published originally on May 17, 2010 in Marketing Week, Greece’s leading marketing publication. www.marketingweek.gr

On March 18, 2010, I was the sole representative of Greece in the External Customer Facing Social Solutions case study group at the SOMESSO Social Business Summit in London. The summit was a invitation-only event for leaders in social business theory, solutions and practice. I was invited due to the pioneering work I have been involved in within Athens, a true blue-ocean environment for social business integration. At the summit, our joint project in the External Group centered around providing a solution for a large bank. After the session, I had many confirmations of what businesses need as they enter the social fabric of the internet.

OVERARCHING THEMES:

• Businesses need simple, efficient solutions, which tie internal, external and eco-system elements together.

• De-mystification of the social business process and education in the possibilities.

• Our businesses must be customer-centric vs. brand or product-centric.

EXTERNAL FACING SOCIAL SOLUTIONS:

MARKETING: Creation of simple, effective and proven strategies for social media marketing success. A blended approach with traditional media is advised. Marketing projects must always begin with a Digital Brand Assessment, where intelligence about where the brand is currently functions as a baseline for achieving gains in social equity and understanding of the CLV (customer lifetime value).

Marketing Departments and advertising organizations MUST understand the importance of getting their customers and audiences involved in the co-creation of their offerings.

PR: Training of existing PR staff in simple monitoring software and remedial techniques for reputation management.

INTERNAL BUSINESS PROCESS SOCIAL SOLUTIONS:

HR: Training of HR Director on what to look for in an adept Community Manager, Online Brand Ambassador, and Chief Customer Officer. Training of existing staff in social networking best practices while at work and out of the office, instituting company-wide rewards for employees who act as brand ambassadors.

In the social oriented business, the CCO plays a central role in communicating to brand managers what the customer wants.

sCRM: Training of COO and Executive staff through one-day seminars on how to use their existing databases for quickly building their social equity (eg.- followers and fans in specific social properties + what serves this community).

In the coming 12-24 months, Greece and the Balkans will see a deepening involvement in social business due to an overwhelming migration of audiences from traditional gathering points. Studying best-practices and successful case studies from mature social markets will be an essential action toward creative solutions geared toward Greek and Balkan audiences.

Thank you for the inspiration, Arielle Ford!

Arielle Ford, asked a great question on her FB page today: If talent, time and money were not an issue, what would you write a book about?

A few ideas came to mind:

THE SOCIAL BRIDGE: How the Internet and Social Networks are templates for the spiritual realm, an early training ground for humanity to make a transition from Separateness to Oneness.

RELATED QUOTE for THE SOCIAL BRIDGE: Social networks are a template for assembling and participating in spiritual networks; the relative limitlessness of the internet is preparing humanity for the unlimited realm of spirit. Learning to navigate on the web is schooling for navigating the realm of spirit. Even as humanity has exited physicality for cyber-reality, so also shall humanity exit cyber-reality for spiritual realms. (I speak in terms of separateness because this is still the pre-dominant language of understanding seemingly different paradigms. Oneness is a foreign term to many). ~ Nathaniel Hansen

IN THE SAME MOMENT: How Orgasm and other Peak Experiences cause every cell within one’s body to sing the same tune in the same moment. How humanity is heading towards such an experience collectively in the context of social networks.

RELATED QUOTE for IN THE SAME MOMENT: Is a single psychic event possible in the context of global social networks? To say more plainly, is the world mind knit together in such a way that humanity could now, in front of “itself” (and consciously), become aware together of one common thought? If so, what thought, what single “psychic event” does humanity need now? And can this be communicated in such a way that all may perceive it? ~ Nathaniel Hansen

YOUR BIG BANG: The mechanics of creating your own planet, solar system, and/or universe using social networks and the new social current.

RELATED BLOG POST for YOUR BIG BANG

BOUZOUKI IN AMERICA: What Greeks have to teach America about tough times. A personal passage from the realm of Phobos/Thanatos to the realm of Eros, the giver of life and love. Teachings from Epicureans, Asclepius and Dionysians.

VIDEO RELATED TO BOUZOUKI IN AMERICA – Great Greek music!
VIDEO RELATED TO BOUZOUKI IN AMERICA – more Great Greek music!

CHIEF CUSTOMER OFFICER, LTD: How CMOs gave way to CCO’s in a market re-orientation toward the customer. How brand managers and marketing managers worked in service to the customer-oriented officer. How customers directed product launches. Metrics, Interviews and Predictions. Featuring in-depth case studies from 25 of the world’s leading CCOs.

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