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May 26, 2010

Building Equity: Social Media Meets Finance

Filed under: Social Media — leasa @ 9:03 am

This is a wonderful 1 hour webinar. Many financial services firms, bogged down by legal and compliance concerns, have been forced to take a cautious approach to social media, and some have chosen to ignore these channels altogether.

This SmartBrief Webinar, Building Equity: Social Media Meets Finance, is designed to help financial professionals safely and smartly integrate social media into their business.

• Identify the most effective ways to integrate social media into your business
• Develop a social media strategy considerate of regulatory constraints
• Comply with guidelines from FINRA and other regulatory bodies
• Select the right social media platforms and tools that will deliver measurable results

http://online.krm.com/iebms/coe/coe_p2_details.aspx?oc=10&cc=00394232&eventid=16912

May 6, 2010

Putting Social Media Policies in Place

Filed under: Social Media — john @ 9:06 am

Illustrating just how quickly social media is evolving and impacting the corporate landscape, more and more leading companies and organizations are creating formalized social media policies to which their employees must adhere.  What is said on the likes of one’s personal Facebook, LinkedIn or Twitter account, for example, can have a direct bearing on a company’s perception and corporate reputation, sometime quite harmfully.  The same holds true for personal blogs. Companies are now responding in kind.

The following article briefly shares what six (6) leading companies and organizations are doing to try to effectively manage the social media activities at their respective firms: http://bit.ly/cYHs0Y.

May 5, 2010

The First Lady’s First Tweet

Filed under: Social Media — leasa @ 9:11 am

Ed Henry, Senior White House Correspondent was sitting next to the First Lady at Saturday night’s White House Correspondents Association Dinner when Mrs. Obama mentioned that she had never tweeted. Henry noted that the president had sent out his first tweet a few months ago from a Red Cross account to promote relief to Haiti and wondered aloud: “Why don’t you send out your first tweet on my iPhone?”

The first lady laughed and said her press staff wouldn’t be happy if she went rogue like that. Besides, she said, White House Press Secretary Robert Gibbs would have to sign off first. Noting that Gibbs was sitting at the other end of the head table, Henry stood and told the first lady he’d ask him. To his surprise, Gibbs instantly told him it was a fun idea, on one condition: Henry had to first send out a tweet saying he had endorsed it, so that colleagues on Mrs. Obama’s staff were not blindsided.

Here is the first Lady’s official first tweet:  “Here at dinner this is officially my first Tweet. I am looking forward to some good laughs from the potus (which means President of the United States) and Jay.”

So let’s take this opportunity to encourage the First Lady to set up her own Twitter account. I bet it will be a smart way for her to push her initiatives, just as former first lady Laura Bush now has a Twitter account to help sell her memoirs and talk up her pet causes, too.

Source: CNN

April 19, 2010

Marketing Green – Not as Easy as You Think . . .

Filed under: Environment — leasa @ 11:56 am

Many of you know I am a mother of three and an environmental steward.  I believe in sustainability and I am trying my hardest to be “green” — to make a cleaner planet for my kids.  But I read the most interesting article today about what consumers think “green” means, versus reality…. and I fell into the trap.

One of the examples in the article is something that never dawned on me before: baby food — glass jars vs. plastic.

Nest Collective in Emeryville, CA, manufactures what is possibly the most environmentally sound baby food in America. Plum Organics products come in a micro-thin container that’s devoid of Bisphenol A (which is suspected of impeding brain development in infants) and features a recyclable cap. Competing baby food brands in glass jars use nine times as much fossil fuel to transport and take up to 14 times the amount of landfill space. By contrast, Plum’s disposable pouch is eco-friendly, competitively priced and convenient to use. So, what’s the problem?  It’s plastic. And in the minds of most consumers, that’s not “green.” Sure, Plum could try to explain statistics about landfill space and weight-transport/carbon-usage ratings, but that’s a lot to cram onto a 4.2-ounce bag. “These things are hard to talk about,” co-founder Neil Grimmer says. “There’s nothing sexy about a landfill.”

In the shopper’s mind, for example, glass is eco-friendly. But it takes a lot more fuel to transport glass than plastic and only about 28 percent of glass gets recycled anyway, according to EPA estimates. Counterintuitive as it seems, in many cases, plastic is a lot more ecologically friendly. But when shoppers spend all of six seconds deciding on a brand to buy, there’s no time to give them a course in low-density polyethylene or BTU outputs. “It’s hard to get people to look at these things,” Grimmer says. “There’s a lot of information out there, and it’s difficult for anyone to decipher what’s real and what’s not.”

And that, say many observers, is among the biggest problems in green marketing. Visit your local supermarket and you’ll see hundreds of products purporting to be eco-friendly. But without a third-party monitor, a twisted dynamic emerges: Much of what consumers assume is green is actually not, and those brands that really are green are often left to make a complex and technical pitch that people don’t understand or just don’t hear. As eco-marketing consultant Jacqueline Ottman puts it, “The consumer is very confused about what’s truly green and what isn’t. Marketers are confused themselves. Some products can be green in one instance and not in another. So it’s all potentially confusing.”

So, the shopper in search of a truly green product these days is in for a heck of a time, and the problem goes well beyond greenwashing, the prevalent practice of slapping labels like “natural” and “earth-friendly” on petrochemicals that’ll strip the paint off a car. Consider some examples of supposedly good products that often aren’t — and supposedly bad ones that don’t deserve the rap. Paper bags are most always seen as “natural” and biodegradable, right? But paper manufacturing flattens millions of acres of forests and uses huge amounts of energy and chemicals.

Or consider compact fluorescent bulbs, which Americans screwed into 330 million light sockets last year alone. CFs are touted as green because they’re supposed to last 10 times longer than incandescent bulbs — but many of them burn out early and, once they’re tossed into the trash, shatter and release mercury into the environment. Oh well.

Or take the warm-and-fuzzy notion of locally grown foods, which, thanks in part to author Michael Pollan, unfailingly conjures images of the cheerful farmer who lives just down the road. As Jeffrey Hollender, co-founder and chairman of Seventh Generation, points out, “Consumers have come to believe that local is always better, but increasing research shows that, in many cases, [it's not better] because of the energy inefficiencies involved in transporting local food. There’s no question that there are a lot of things that consumers believe to be so and are not so.”

Meanwhile, woe to the brand making a verifiable green product that, for one reason or another, falls outside the neat confines of what the average American considers green. Part of what makes that mission so difficult, of course, is the sheer number of green (or allegedly green) brands out there. A count conducted by research house TerraChoice between November of 2009 and January of 2010 revealed that, in big box stores alone, 2,219 products were busy making 4,996 ecological claims. But another factor is the science itself. Green is not an absolute condition; it’s a matter of degree. Most shoppers, however, have neither the time nor the inclination to do the math behind all the green claims out there. They basically just want to buy what they need and go home.

Complicating the picture even further is a basic marketing reality that’s not fashionable to bring up when we’re talking about saving the earth: Most shoppers — whether they admit it or not — look for value and performance before they look for green. The Natural Marketing Institute recently conducted a national poll of American adults, asking them about where green figures into the purchases they make. A whopping 68 percent of consumers told the poll takers that while they “care about the environment,” their purchase decisions were driven mainly by price.

All of which begs a very big question: How is a brand that’s truly green supposed to get that point across to consumers?

Neil Grimmer sits in his office in Emeryville, looking for ways to convince moms that a plastic pouch isn’t so bad, after all. His company’s Web site features a nifty chart showing how the pouch stacks up favorably against a glass jar in terms of fuel consumption and greenhouse gas emissions. Will consumers get the message? Grimmer hopes so, but he knows one thing: “If you want to implement significant change,” he says, “it needs to be easy to understand.”

To read more from this article go to: http://www.brandweek.com/bw/content_display/news-and-features/direct/e3i8ca14b8f869f03f0da670fc86a364d2d

And let us know what you think.  How are you getting your green message across to consumers?

Social Media and Stranded Travelers

Filed under: Social Media — leasa @ 11:51 am

A friend of mine is in Basil on business and has been stranded there because of the no fly rule.  She is staying connected with us through social media and also finding out some really helpful information from other travelers in her same predicament.

If the volcanic ash from Iceland had made its way across Europe five years ago, its effects would have been even more distressing for the thousands of people stranded far from home. Why? Because five years ago most people did not have access to the social-networking services which are helping some stranded travelers make their way home. Five years ago, they would have been individuals texting and calling friends at home, but struggling to find others in the same predicament to pool resources.

But now she and many others have turned to the social networks to talk about their frustrations and then, in many cases, develop inventive ways of getting home.

A Facebook group called Carpool Europe has been set up by the Swedish car-pool movement, and has lots of messages offering or seeking the chance to hitch a ride. The group appears mainly populated by Swedes, but another, called When Volcanoes Erupt, is also acting as a clearing house for travelers trying to get on the move, and there are focused communities like BBC Orkney’s Facebook wall; you can listen to the experience of one Radio Orkney listener trapped in Venice at the iPlayer. Other Facebook members are using the service in a less co-ordinated way to seek help from friends.

It is truly amazing to me how social media is transforming our lives in subtle ways each day.

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