Skip to main content

we > me

My previous post on popularity discussed the influence that crowds can have on consumer decision making and behavior. This post highlights how a company can use crowd-sourcing to improve its own decision making and behavior.

Few companies have the courage to fully expose themselves to the power (and potential pitfalls) of social media like the folks at Best Buy (disclaimer: a BD'M client).

Best Buy's CMO is a prolific tweeter (@bestbuycmo), using microblogging as an external internal communications channel to reach the 20-something year old Blue Shirts working in the stores who are unlikely to read email from HQ. Barry Judge uses this channel to invite suggestions and feedback beyond the protective bubble that normally surrounds senior executives.

The Best Buy Idea Xchange opens up Best Buy's innovation process to its best customers to suggest ways to improve the retailer's merchandising selection and business practices. I like the honesty and commitment expressed on the site. Here's an excerpt:

We're new at this. Its probably going to be messy for awhile. We'll probably miss stuff. We'll probably screw up. But we'll learn and get better as fast as we can. We'll blog every two weeks with updates at first. Then we'll build in new and better ways to talk to you about your ideas - when we're reviewing them, or implementing them or when we decide we just can't do anything with them. We'll always be honest. We can promise we're all going to do our best. That means listening closely, talking openly about the ideas that you've shared. And trying our hardest to make it happen.

These behaviors are a good example of the formula that drives social media: we > me. Most corporate decisions are based on feedback in a conference room of 10 like minded executives, or off the results of 50 people in focus groups. Social media exposes companies to ideas -- good and bad -- from a much wider cross-section of people and perspectives, helping to break the protective bubble that tends to insulate companies from their customers.

Comments

DogZog22 said…
Pretty simple, "we > me",it's incredible that some organizations will never get this and always listen to the 10 people in a conference room. Kudos BBY!

Popular posts from this blog

What makes a premium brand premium?

I was thinking the other day about the DNA of premium brands . One thing is certain -- it's a relative idea. For example, Hyatt is not a premium brand if you're used to staying at a W or a Ritz Carlton. But if your vacations to date have been holed up in a Holiday Inn, then by all means a stay in a Hyatt is a premium experience. Another thing is certain -- a brand is considered premium only when we believe it is worth the price. And that's where we can dig deeper. Why are we willing to pay more for a product when there are others that provide the same service or function at a lesser price? I have spent a good part of my marketing career developing strategies and ideas for a wide range of  premium brands, including American Express, Sony, Callaway Golf, Hilton, Jaguar, Land Rover – even the Toyota Prius.  Through these experiences I have come to believe that a premium brand is built upon specific tangible and intangible attributes that give it a sense wort

Zen and the art of an EV roadtrip.

I remember the anxiety I had when I cut the cord and switched from Cable TV to streaming.   Could I still watch live sports? Would I get all my favorite programs? Sure enough, with YouTube TV, the answer was a resounding yes to both questions.   Now I’m cutting a new cord — the gas pump — as I take my new Mustang Mach-E on a cross-country trip.   And like the time I cut Cable TV, I'm experiencing the same questions.  Will it have the range for a long drive?  Will I waste hours recharging along the way? Well, today is Day 1 on the Mach-E's first ever long distance drive , as we say farewell to Detroit and head to La Quinta.   For those of you thinking about buying an EV, I’ll be sharing daily posts to help alleviate so-called “range anxiety.”   (Trust me, in pressing the start button this morning, I’m taking a big trust-fall to shed the comfy muscle memory of ICE vehicles.) Today’s cool feature:   The FordPass app which plans the route and most efficient charge points, then send

Super game. Dull ads

As a passionate Giants fan it is safe to say that I had a good time yesterday. But as an advertising professional I felt a bit underwhelmed by the caliber of the advertising . Many were entertaining. But few possessed that intangible Super Bowl-ness...big, pop-cultural, fun. Even fewer seemed to have anything relevant to say about the brand, such as the Planters "uni-brow" spot. I loved the Bridgestone "screaming animals" spot, but it would have been a much better spot for the Saab featured in the spot than the tires the car rode upon. As for Bud, good spots, but I've seen the dog and horse thing before. Tide's talking stain was funny, but did it have Super Bowl-ness? My fav? The Coke "balloon float" spot. It was classic Coke (for Coke Classic). Big. Entertaining. Unexpected twist. Utterly charming. And Charlie Brown finally won something. Coke is about smiles. And that spot was just that. The Audi spot that I wrote about last week