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Presentation to Alliance of CEOs, San Francisco, February 11, 2011
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1 Open Leadership: How Social Technology Can Transform How You Lead Charlene Li Altimeter Group February 11, 2011 Twitter: @charleneli
3 OUT ofCONTROL? © 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group
It’s about RELATIONSHIPS © 2010 Altimeter Group © 2010 Altimeter Group
How to give up control but still be in command © 2010 Altimeter Group © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
How Best Buy Created a Social Strategy © 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
Rethinking LEADERSHIP © 2010 Altimeter Group © 2010 Altimeter Group
The Salesforce “Chatter-ati” © 2010 Altimeter Group © 2010 Altimeter Group
“You can imagine the Chatterati creating as much value as an SVP in the organization by sharing their institutional knowledge and expertise - and we should look at compensation structures with that in mind.” - Marc Benioff, CEO of Salesforce.com © 2010 Altimeter Group © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
STRATEGY LEADERSHIP PREPAREDNESS © 2010 Altimeter Group
Be PREPARED © 2010 Altimeter Group © 2010 Altimeter Group
Starbucks involved 50 People around the organization From the Start © 2010 Altimeter Group © 2010 Altimeter Group
Discipline is Needed to Succeed Take reasonable action to fix issue and let customer know action taken Positive Negative Yes Yes Does customer need/deserve more info? No Assess the message Do you want to respond? Evaluate the purpose Yes Yes No No Unhappy Customer? Are the facts correct? Gently correct the facts Response No No Yes Yes No Can you add value? Are the facts correct? Dedicated Complainer? No Yes Is the problem being fixed? Explain what is being done to correct the issue. Yes Respond in kind & share Thank the person Comedian Want-to-Be? No Yes Adapted from US Air Force Comment Policy Let post stand and monitor. © 2010 Altimeter Group © 2010 Altimeter Group
Ask the Right Questions as a Leader “We tend to overvalue the things we can measure, and undervalue the things we cannot.” - John Hayes, CMO of American Express © 2010 Altimeter Group © 2010 Altimeter Group
Prepare for Failure No relationships are perfect Google’s mantra: “Fail fast, fail smart” © 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group
Give Up Control AND STILL BE IN COMMAND © 2010 Altimeter Group © 2010 Altimeter Group
© 2010 Altimeter Group © 2010 Altimeter Group