Where Are Corporates In Taking The Lead?
Wednesday, October 8th, 2008As I’ve been reading the blog posts (and more importantly, comments) about Social Media Breakfast, I’ve come away with two thoughts:
1) We Aren’t Perfect - And That’s A Good Thing
I appreciate feedback from Su Min, Coleman, Brian and everyone else who contributed to let us know the panel wasn’t as balanced as it could have been, that we should’ve added a blogger on it, that we needed more audience interaction, to be conscious of the level of involvement of corporate entities.
It’s great because it prevents us from resting on our laurels. Not that we would, but arguable each SMB has been an improvement on the last, and it would be easy to say “We improved!”, but it’s comments and feedback like this that reminds us that improved we may have, but there’s always room for more.
We always learn from the events, and with your help, improve. From SMB2 we learned we needed structure, from SMB3 we learned structure doesn’t come naturally, so we need to “artificially” introduce it via a panel, now we learn a panel is not the be all and end all, but the execution needs to be worked on. I remember one of the “P”s from Dorothy’s live blogging: perpetual beta. That’s exactly what SMB is and it’s your feedback that helps us improve that beta product.
As we’ve said time and time again, it’s everyone’s not ours.
2) Where Are The Agencies/Companies Taking The Lead?
This is a very cynical view, and you can feel free to disagree with me, but where are these agencies and companies? I may be putting my future career on the line by calling them out, but I think it needs to be said.
Ben Koe has a list of case studies of social media marketing examples in Singapore, and I see some action going on, but nowhere in the proportion to the talk I hear about social media and Web2.0.
I’ve said this before in an audio podcast for For Immediate Release, as reported by Michael Netzley: It’s as if everyone is sitting back and waiting for someone else to jump in first, show results, and then everyone is going to be like a lemming and follow.
There are more than enough corporates attending SMB to plead ignorance anymore. By some attendees accounts, there are too many corporates attending, that it’s affecting the social. There have been suggestions of breaking SMB up to a “corporate” track and “social” track.
You know what? Not going to happen. The agencies and companies out there have hundreds of thousands of dollars, maybe millions in budget, hardware, software, resources, connections, tools, networks, people and skills, to get a similar “corporate” version of this going around. If you don’t want to because you’re afraid that by sharing you’re losing your competitive edge or actually benefiting your competitor, then that’s the landscape we will have to deal with.
And no one benefits with that kind of landscape.
i also commented on Pat Law’s blog that the idea of sharing our “fishbowl” ie attendee list with marketers who would be interested, is not something we would do. The traditional way to get such a houselist is to go sponsor something like a huge IDC event or pay for money at an Ad:Tech booth and get it from there. Maybe some companies are looking at SMB with a lightbulb going off thinking “Hey these are the alpha consumers, the innovators and early adopters, maybe we can cheaply leverage that somehow”.
So that’s my frustration. If attending SMB is your company’s cheap way of doing some “research” into the shiny new object that is social media without actually getting your feet wet, I’m afraid to say you’re not going to get very good results. Sometimes we get someone approaching us with a “partnership” deal, it usually stinks of “let me leverage your network so I can shove my brand in people’s faces”. Sorry, no.
In short, I look at the current social media scene here and it’s driven by organisations like E27, TDM and us. Us being six people, half of which are still in school. Look at the podcamps worldwide and the SMBs worldwide, they’re organised by people who work in agencies, blog, podcast and live the social media life.
Is that the best Singapore and all the “top agencies” can offer? I really want to hear from you, bloggers, entrepreneurs, agency, corporate people alike. Is this a fair critique of what’s going on? Or are there things I’m not seeing? Love to hear it.
Tags: ad:tech, blankanvas, coleman, communicate asia, eok, fir, for immediate release, harmlessbananas, IDC, michael netzley, pat law, perpetual beta, social media breakfast singapore, social media marketing examples in singapore, ssumin, where are the agencies
Yesterday I was at the ad:tech conference Future Generation track (for students) and the second session of the day was with OMD, and it was very… scammy.