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media file 6.14.10 | The “Content Graph” and the future of media brands

The “Content Graph” and the future of media brands

On the Publishing 2.0 blog, Scott Karp introduces the concept of the Content Graph--like the Social Graph, a map of relationships that defines one’s “brand strength” relative to the other parties mapped on the graph. Just as on a Social Graph, one is measured by the number and quality of one’s friendships, on a Content Graph, a media brand is measured by the number and quality of its distribution relationships with other media brands on the graph. With Aol and Yahoo both jockeying for leadership in original content, the Content Graph could become an increasingly important metaphor for media brands looking for an opening in a newly promising digital content market. The big dollars in advertising, which are still locked up in traditional media, will start to flow to digital media brands that can demonstrate the distribution reach currently associated with search and social networks, combined with the strong brand equity that consumers still invest in traditional media.

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media file is a repository of links to articles and research reports for business and non-profit executives, media professionals, marketers, and others interested in the emergence of social innovation as a driving force reshaping the process of creating value in global markets. You can search the media file database from this blog or directly on Delicious.

more media file links for June 14, 2010:

How a digital-first strategy saved The Atlantic

The Folio site reports on 153-year-old The Atlantic magazine’s remarkable turnaround from a money-losing, declining traditional media enterprise to a growing, profitable digital brand. President Justin Smith cited five keys to its reinvention: creating a clear, compelling brand promise, which catalyzed organizational discipline around a set of specific goals; rallying around a digital-first product strategy, which unlocked resources that were otherwise tied up in the traditional business; launching a marketing services operation to drive digital revenues and differentiate the brand from low-margin ad networks; growing live events as a new profit center; and relentlessly focusing on hiring and retaining top talent. As a result of the overhaul, over $2 million in costs were driven out of the operation, while the organization is on track to sustainable profitability.

The ten keys to successful open innovation culture

The Innovation Tools blog summarizes the 10 essential elements of a successful open innovation culture, as described in a new book by Stefan Lindegaard, the leader of the LinkedIn Open Innovation Discussion Group. Among the key qualities cited: having people with the “soft skills” to effectively manage relationships with customers and partners; being willing to strike a balance between internal and external R&D; accepting the fact that open innovation creates intellectual property issues that the organization must work through internally before engaging with outside entities; and understanding that open innovation requires open communications with both staff and partners. The list grew out of a discussion among group members on the LinkedIn site.

The four types of organizational complexity

While corporate executives readily admit that complexity in the business environment makes it difficult to attain their strategic goals, they tend to think of the problem in terms of institutional complexity: the web of forces within the market that drive and disrupt business performance. Their employees, meanwhile, are likely to to think of the problem in terms of individual complexity: the internal norms and processes that make it hard for them to achieve their goals. McKinsey Quarterly examines the four types of organizational complexity: complexity intrinsic to the business or sector; complexity designed into one’s products or business model; complexity imposed by law, regulators, and NGOs; and unnecessary complexity that arises from misalignment between business goals and processes. Once they understand the kind of complexity they face, executives should eliminate any that doesn’t add value; and channel what’s left to staff with the professional skills to effectively manage it.

Closing the gap between vision and action in corporate sustainability

Has sustainability crossed the chasm from PR to strategy within US corporations? According to a recent Deloitte survey of 48 corporate executives, leaders are interested and involved in sustainability, and see a clear alignment with overall business strategy. But there remains a gap between their vision and the way that sustainability is enabled within their organizations. While many have broadly adopted the “triple bottom line” framework--pursuing performance in the economic, social, and environmental spheres--in practice, most are currently investing in environmental initiatives alone. For those companies taking an integrated approach to sustainability, four key success factors correlate to increased business value: aligning sustainability strategy with business strategy; integrating sustainability across the value chain; structuring non-traditional collaborations and extending existing collaborations; and establishing cross-disciplinary governance to drive performance.

What today’s CEOs can learn from history about socially responsible business

Although the concept of “triple bottom line” business is commonly considered an innovation of the 21st century, former AT&T CEO Leo Hindery, Jr. writes on Bloomberg Businessweek that its origins go back to the World War II era, when executives almost universally embraced the responsibility to balance the diverse interests of all stakeholders--shareholders, employees, partners, customers, and the nation as a whole. This model broke down in the 1980s, and in its place emerged the view that driving shareholder value was the only responsibility of the chief executive. As recent history amply demonstrates, it’s time for a corrective to this mistaken notion, but the business culture of the 1980s is now so fully entrenched in the boardroom that only government can provide the needed incentive for widespread behavioral change. A new tax and regulatory regime is needed to break the spell of “profits above all” and reintroduce the core concept of civic responsibility to the executive suite.

media file 6.7.10 | An environmental movement for the mind

An environmental movement for the mind

On the Adbusters site, environmentalist Bill McKibben turns his attention to an ecological danger that threatens to overtake carbon dioxide pollution or toxic oil spills as the number one environmental problem we face. In fact, it is the source of these problems: the poisoning of our culture by hyper commercialism and the extreme self-absorption it breeds. While throughout the centuries our mental environment has been polluted by church, state, and other institutions, this century presents the first moment in which almost the entirety of our personal and collective experience is mediated for us via for-profit media enterprises. The global consumer monoculture that is arising from this new form of mental pollution is threatening to place basic collective values--such as concern for the impact of one’s actions upon others--on the endangered ideas list.

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media file is a repository of links to articles and research reports for business and non-profit executives, media professionals, marketers, and others interested in the emergence of social innovation as a driving force reshaping the process of creating value in global markets. You can search the media file database from this blog or directly on Delicious.

more media file links for June 7, 2010:

How systems thinking can save your company

Corporate executives invariably give lip service to “systems thinking”--the management philosophy, originating in the early 20th century, that views the company as a complex social system and living community. But when push comes to shove, they fall back on even earlier thinking, from the 18th and 19th centuries--the company as a machine, which can be manipulated by optimizing discrete functions without awareness of how a change in one function might ripple through the whole. Such thinking locks in static solutions that can themselves become a source of destabilization, as the company confronts a complex and fast-changing business environment. Systems thinking, authentically applied, can invest a company with the insight to to adapt to unexpected developments, self-correct via trial-and-error learning and experimentation, and gain a detailed, intimate understanding of how the parts of the business fit together as a whole. Management guru Andrea Gabor writes for strategy+business.

The surprise leadership skill that CEOs value most

In a recent survey of 1500 CEOs conducted by the IBM Institute for Business Value, creativity was selected as the single most important leadership attribute required for the successful enterprise of the future--not operational effectiveness, discipline, or any other of the characteristics selected in previous studies. Why the surprising shift in attitude? Global complexity, the CEOs said, has changed everything. The interplay of global forces like climate change with international finance, political, and regulatory systems has added a new layer of complexity to such critical issues as supply chain management and even workforce competitiveness. To see this complexity as an opportunity and not a paralyzing threat, today’s new leaders need the capacity, which creativity supplies, to break with existing organizational attitudes and assumptions and instead embrace business models fueled by an ethic of continuous innovation. IBM’s Frank Kern writes for Bloomberg Businessweek.

Scale the impact, not the overhead

Social enterprises have historically focused their social-impact strategies on replication: extending their successful programs into new service areas in a linear fashion, thereby achieving increases in social impact that are tied directly to increases in available resources. Such approaches impose hard limitations on an organization’s ability to achieve its social impact potential, and in many cases simply prove unsustainable. There’s another way, writes Bridgespan Group managing partner Jeffrey Bradach for the Stanford Social Innovation Review. Social enterprises can look to the for-profit sector for scaling strategies that multiply social impact with minimal increases in resources and overhead. Among these strategies: extend program reach via digital networks; build networks of partner organizations; develop talent; and generate demand for new ideas via marketing.

B2B spending on social media set to explode

While business-to-business firms have been late to the party in social media marketing, that’s getting set to change, according to a new report by eMarketer. The reasons are straightforward: B2B marketing is typically much more information-intensive than consumer product marketing, and so therefore it lends itself perfectly to the long-form tools of social media: blogs, podcasts, webinars, online learning communities, etc. Spending is expected to quintuple in the next five years, according to Forrester Research numbers cited in the eMarketer report.

The new Yahoo starting to look like the new AOL

With its $100 million purchase of content aggregator Associated Content, Yahoo has taken a sharp turn in the direction of AOL, which recently underwent a wrenching transformation that turned it from an ailing Internet service provider into a leading digital content company. Similarly, with the Associated Content acquisition, Yahoo is staging itself to move from being an online portal primarily serving other people’s content to becoming the dominant producer of original content for the web. Already, Yahoo serves almost three times the page views of AOL, and 200 times the page views of The New York Times. Business Insider reports.