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Open Leadership: The Upside Of Giving Up Control Charlene Li Altimeter Group March 13, 2010 1 For SXSW #open
A culture of sharing
It’s about relationships
These new relationships are changing business New ways to get things done Command & control
6 Why is social hard? Because realrelationships require that you give up control
The need for open leadership			 7 When people get what they need from each other “How open do I need to be?
Open Leadership 8 Having the confidence and humility to give up the need to be in control, while inspiring commitment from people to accomplish goals How to give up control, and be in command
10 elements of openness 9
Determine how open you need to be to meet your goals 10
Four goals define your open strategy, but always start with learn 11
Learn with monitoring tools 12
Dialog with your community 13
14 Curating Engagement Pyramid: Focus on Watching and Sharing Producing Commenting Sharing Watching
DellOutlet drives sales with Twitter 15
Help your members support each other 16
Social + open = competitive advantage 17 +2,200 Best Buy employees answer questions sent to @twelpforce
Innovate with customer feedback 18
Fiat gathers product and market intelligence 19 Contributors submit ideas, and can include pictures and embed videos. Fiat gets valuable ideas for features and design, and marketing and advertising.
What to do first
#1 Align opennesswith strategic goals 21 Examine your 2010 goals Pick one where open and social can have an impact
22 #2 Understanding the upside What’s the value? Photo by Chris Heuer Of karaoke? Of +5 million fans?
+ Value of purchases - Cost of acquisition = Customer lifetime value + Value of new customers from referrals + Value of insights + Value of support The new lifetime value calculation, based on your goals ,[object Object]
 Size of their networks
 Percent of referred people who purchase
 Value of purchases
 Percent that provide support
 Frequency and value of the support+ Value of ideas
Find more fans with large networks Encourage fans to make more referrals Make decisions with metrics 24
#3 Support open leadership 25 Collaborative Independent Optimist Pessimist
Convincing the curmudgeon 26 Who can best work with a Worried Skeptic? Lovisa Williams US State Dept. @State for 4 years Wrote first social media policy
#4 Manage risk with Sandbox Covenants 27

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SXSW - Open Leadership

  • 1. Open Leadership: The Upside Of Giving Up Control Charlene Li Altimeter Group March 13, 2010 1 For SXSW #open
  • 2.
  • 3. A culture of sharing
  • 5. These new relationships are changing business New ways to get things done Command & control
  • 6. 6 Why is social hard? Because realrelationships require that you give up control
  • 7. The need for open leadership 7 When people get what they need from each other “How open do I need to be?
  • 8. Open Leadership 8 Having the confidence and humility to give up the need to be in control, while inspiring commitment from people to accomplish goals How to give up control, and be in command
  • 9. 10 elements of openness 9
  • 10. Determine how open you need to be to meet your goals 10
  • 11. Four goals define your open strategy, but always start with learn 11
  • 13. Dialog with your community 13
  • 14. 14 Curating Engagement Pyramid: Focus on Watching and Sharing Producing Commenting Sharing Watching
  • 15. DellOutlet drives sales with Twitter 15
  • 16. Help your members support each other 16
  • 17. Social + open = competitive advantage 17 +2,200 Best Buy employees answer questions sent to @twelpforce
  • 18. Innovate with customer feedback 18
  • 19. Fiat gathers product and market intelligence 19 Contributors submit ideas, and can include pictures and embed videos. Fiat gets valuable ideas for features and design, and marketing and advertising.
  • 20. What to do first
  • 21. #1 Align opennesswith strategic goals 21 Examine your 2010 goals Pick one where open and social can have an impact
  • 22. 22 #2 Understanding the upside What’s the value? Photo by Chris Heuer Of karaoke? Of +5 million fans?
  • 23.
  • 24. Size of their networks
  • 25. Percent of referred people who purchase
  • 26. Value of purchases
  • 27. Percent that provide support
  • 28. Frequency and value of the support+ Value of ideas
  • 29. Find more fans with large networks Encourage fans to make more referrals Make decisions with metrics 24
  • 30. #3 Support open leadership 25 Collaborative Independent Optimist Pessimist
  • 31. Convincing the curmudgeon 26 Who can best work with a Worried Skeptic? Lovisa Williams US State Dept. @State for 4 years Wrote first social media policy
  • 32. #4 Manage risk with Sandbox Covenants 27
  • 34. Buyer blog hit the right note 29
  • 35. New relationships require open leadership. Find and support your open leaders: letting go will yield more results. Get good a failure – you’ll have many. Summary 30
  • 36. 31 31 Thank you Charlene Li charlene@altimetergroup.com blog.altimetergroup.com Twitter: charleneli For slides, send an email to slides@altimetergroup.com Join me for a book signing at 6:20pm http://bit.ly/buyopenleadership
  • 37. 32 About Us Altimeter Group is a strategy consulting firm that provides companies with a pragmatic approach to disruptive technologies. We have four areas of focus: Leadership and Management, Customer Strategy, Enterprise Strategy, and Innovation and Design. Visit us at http://www.altimetergroup.com or contact info@altimetergroup.com.

Editor's Notes

  1. Having the confidence and humility to give up the need to be in control, while inspiring commitment from people to accomplish goals
  2. While social media alone does not ensure reach, stories about this innovative project in traditional and digital media amplified project news, created awareness, spawned word of mouth and spurred participation. Ad Age reports that ‘in the two weeks starting Aug.3 2009, the site had 67,000 unique visitors who submitted 1,700 ideas, and more than 40,000 comments were posted on twitter’. As we write on October 18, 2009, the MIO site has garnered 6,683 ideas from 9,301 participants and 1,823 comments in seven categories – general, safety, design, propul- sion, ergonomics, materials and infotainment. [1] http://www.fiatmio.cc