| || |
This is an excellent short video about how Social Networks are fulfilling some basic needs that we humans not just desire but need as social beings.
And it's very depressing.
It's message is pretty dark and when I watched this first I was mildly depressed because the final message appears to be hopeless.
However what the video fails to address is that social media is in its infancy and it we are beginning to see the advent of the next generation of what social media is doing for the world (peer to peer colaboration). Yes there is a desire and evidence to show a lot of facebook friends are collected rather than focusing on the quality of friendship in the real world. But with the emerging collaborative economy real world friendship and relationship are been made.
I have only rented out my house on Airbnb once and it was an absolute treat (it will happen again once my housemate leaves in May). But the friendship formed from just this one interaction has been amazing.
I believe that the collaborative economy will open up the world to the old ways of trade and looking after each other and bonds and friendship that exist in the real world will blossom.
Thanks Azmir and @cypherone_tw for the video
Amazing video about how social media affects us... And my quick analysis... Its not all bleak. @azmirfakkri @cypherone_tw
When I am asked about what I do, occasionally I get blank unresponsive looks back... Strategy is a term that is used occasionally in conversations without a true understanding to what it really is. There is the short explanation - it's about looking at where you are now, seeing where you want to be and putting the plan, resources and capabilities in place so you can get there. Easy...
However it does get somewhat more complicated especially when looking into different Industries, the role and responsibilities of a strategist and senior management goals (a focus on strategic planning and execution or increasing shareholder value etc).
The Boston Consultancy Group published this paper to provide an Understanding of the Role of the Chief Strategy Officer. It's pretty good and gets into the nitty gritty of the general tasks and responsibilities of the CSO.
What's really interesting about the article is the analysis they conducted to understand why some CSO's are more effective than other's. Their conclusion, effective CSO's have:
1. Clearly Defined Roles
2. They get the basics right around planning, growth and innovation.
3. They build credibility and trust (esp in the first 100 days)
Here is a nice diagram from an interview with 48 CSO's and their main responsibilities.
I especially like the soft part of this framework: building trust. We can be thought the frameworks and processes but its the softer part of strategy that is very interesting and more difficult to master. Behavioral Economics and strategy are now completely intertwined and the idea of building trust although not at all new, has been given a new prioritization.
See Dan Ariely discuss this here:
To gain trust you must demonstrate that you can deliver value and you are not just seen as an overhead.
Good listening skills are necessary - You need to shut up and listen! Then act.
Really insightful presentation from Jeremiah Owyang and his company Crowd Companies about the business model for Collaborative Consumption
Follow me here
Ken Finnegan is a strategist and technology enthusiast from Dublin, Ireland. He has a passion for Collaborative Consumption.