Harnessing the Power of Social Business
Remember when e-business was first coined by IBM in 1997. Yes that's the same company that is trying to make the world a smarter planet. These days IBM has its sights deadlocked on what it describes as social business.
What is it and why is it important for today's brands?
Let's think beyond social media and the digital properties that help brands spark conversation, engage auidences, and build advocacy. Social business is a culture of authenticity, dialogue, and collaboration.
Welcome to the world of social business.
Consumers now wield unprecedented power over how brands are perceived and purchases are made. Crowdsourcing is changing industry landscapes by leveling the intelligence playing field at an extraordinary rate. In addition, employees are demanding social tools in the workplace, and are actively sidestepping established hierarchies and IT processes to use them. As a result, the world finds itself at a transformative point with regard to how business is done.
The following demo video for Cars.com provides an excellent window into the power of social business and why its important for today's brands.
The preceding video does a good job of showing how consumers tap into their networks and harness the value of recommendations to make purchasing decisions. Think of social business as an opportunity to increase value, drive conversation, and build a culture of collaboration.
Here are three characteristics of a social business:
- Engaged—deeply connecting people, including customers, employees, and partners, to be involved in productive, efficient ways.
- Transparent—removing boundaries to information, experts and assets, helping people align every action to drive business results.
- Nimble—speeding up business with information and insight to anticipate and address evolving opportunities.
Welcome to a new arena of social that goes beyond the popular microblogs of the day and into a new plateau for business efficiency and consumer value.
