Executives Flock To LinkedIn

Corporate leaders are shying away from Twitter, Facebook, and other consumer-oriented sites and embracing LinkedIn and specialty business networks, according to the Society for New Communications Research.

Decision-makers are using social media as knowledge and communication networks, primarily visiting these Web sites to access the wealth of available thought-leadership content, according to a report published Thursday by the Society for New Communications Research.

In the second annual New Symbiosis of Professional Networks Study, SNCR polled 114 executives across 10 countries, most of whom were key decision-makers at companies ranging in size from fewer than 100 to more than 50,000 full-time employees.

Interestingly, executives have decreased their use of all social networks other than LinkedIn, the report found. Almost all — or 97% — of those surveyed used LinkedIn in 2010, compared with 92% in 2009, according to the study, released Thursday. By contrast, Twitter use dropped to 33% last year vs. 40% in 2009; Facebook usage fell to 20% compared with 51% the year prior, and Plaxo decreased to just 5% from 14% a year ago, the report found.

“Hundreds of other networks were mentioned, many by only one or two respondents,” wrote SNCR fellows Donald Bulmer, VP of global communications, industry, and influencer relations at SAP, and Vanessa DiMauro, CEO of Leader Networks.

Today, 55% of executives surveyed participate in three to five social networks, slightly up from the 50% who were involved in that number of social media sites in 2009. Eighty-four percent of respondents were either satisfied or very satisfied with online professional networks, the report found.

Apparently there is room for specialty social networks that focus solely on particular issues or vertical markets. Although most executives polled participate in large professional networks such as LinkedIn and 65% are active in open social networks like Yelp and Twitter, 48% of respondents said they were involved in “midsize or specialized membership-specific industry, roles, or interest-specific groups online” and 26% said they “prefer to engage with a smaller peer group in a private and confidential exchange.”

These professional social networks have become a trusted environment for relationship management and decision support, the study said. In fact, 60% said one benefit of participation was increased competitive brand monitoring and performance; 60% said it was to establish or increase their professional network.

Professional collaboration is changing from a small professional exchange into an interaction with content in more public ways,” said DiMauro, in a statement. “The consequence of sharing content online is enhanced influence.”

Networks also give executives access to information they otherwise could not get, said many respondents. Eighty percent of respondents are able to accelerate decision processes and information or strategy development by participating in online communities, according to the study.

“Business professionals are changing how they collaborate as a result of online professional communities and peer networks,” said Bulmer, in a statement.

Not surprisingly, almost all — or 97% — of executives log-on to social networks via a PC or Macintosh. Mirroring the consumer world, a growing number of professionals now visit these sites using mobile devices: In 2010, 59% used a mobile device compared with 44% in the prior year, according to the study. More than half, or 52%, used an iPhone; 37% used a BlackBerry; 15% relied on an Android; and 15% used an iPad, the report said.

To keep up with their colleagues, the world, and their business, executives check-in frequently, with 43% logging on more than three times per day, according to the study. More than one-third log-on once a day, and only 2% said they check-in occasionally, the report found.

Article Courtesy of By Alison Diana InformationWeek

14 Ways A CEO Can Benefit From Social Media: A True Story

Written by Jeff Bullas

It took very little convincing to prove we needed social media for our company and our brand.

However, when it came to personally interacting as CEO of my own company on social media platforms, a wave of hesitation came over me on how to manage this pervasive virtual maze. After research and analysis on the ROI (Return On Investment) social media could offer, we knew it was IMPERATIVE to participate, not only for our company and brand, but for me as well, to remain connected and relevant in the business world.

When I saw Jeff Bullas’s “28 reasons Why The CEO Is Afraid Of Social Media”, it became obvious that I was no longer afraid, not only of new media, but also to share how we benefited from using social media, to not only advance our businesses, but also to improve our understanding of the new era in media.

So here are 14 reasons you as  CEO can benefit from social media:

  1. See change happen on Social Media: you do not participate; you no longer play in your field.
  2. Increase interaction and intimacy with clients
  3. Open dialogue with potential clients
  4. Get a live read of what consumers think of your brand
  5. Accelerate your brands traditional media efforts
  6. Adapt your brand language to connect with new customers
  7. Always know the latest industry and world news
  8. Share your experience as a CEO and professional in the field (I’ve found media has really valued that!)
  9. Address any false statements about your brand – ignorance is not bliss
  10. Drive business and launch campaigns on a limited budget
  11. Brand with an opinion
  12. Boost the impact of direct marketing – paging SEO!
  13. Direct connections with top media and analysts (thanks to social media I’m in constant contact with TIME magazine, Forbes, Brandweek, PRWeek etc)
  14. Spans all generations, races, creeds and countries to reach an audience no other channel can claim

Are there other benefits to a CEO engaging in social media you can add?

Cheers Sophie.

This is a guest post from Sophie Ann Terrisse

Sophie is the Founder & CEO of STC Associates, a global brand management firm.

Send her a tweet @STCceo or a Facebook message or visit the website at STC Associates or visit their blog at STC Associates Blog site

Category: Social Media