Social Media & the Role of the
        Chief Executive

     CPA-SEA Mid-winter Meeting
             Tucson, AZ

          Tom Hood, CPA.CITP
                  CEO
      Maryland Association of CPAs
       Business Learning Institute
Why CEOs should care about Social
            Media
           “In-forming is the individual person's
           analog to open-sourcing, outsourcing,
           insourcing, supply-chaining, and
           offshoring. Informing is the ability to build
           and supply your own personal supply
           chain—a supply chain of information,
           knowledge, and entertainment. In-
           forming is about self-collaboration—
           becoming your own self-directed and self-
           empowered researcher, editor, and
           selector of entertainment.
                                   – Thomas Friedman
I don’t know the future. I didn’t come here to tell
you how this is going to end. I came here to tell you
how it’s going to begin.

I am going to hang up this phone and then I am
going to show these people what you don’t want
them to see. I am going to show them a world
without you. A world without rules and controls,
without borders or boundaries. A world where
anything is possible. Where we go from there is a
choice I leave to you.
        http://www.youtube.com/watch?v=aOg9IcxuV2g
The single most important trend in the world today




      "It starts with the fact that globalization and the
      information technology revolution have gone to a whole
      new level. Thanks to cloud computing, robotics, 3G
      wireless connectivity, Skype, Facebook, Google,
      LinkedIn, Twitter, the iPad, and cheap Internet-enabled
      smartphones, the world has gone from connected to
      hyper-connected.”
                                  - Thomas Friedman NY Times
      author
                                    The World is Flat



    American Institute of CPAs
Social Media Revolution 3.0 by Eric Qualman




        http://www.youtube.com/watch?v=x0EnhXn5boM
Social Media & Web 2.0 – Threat or Opportunity




             Associations:
            Road Kill on the

             Information
            Super Highway



“Tools that provide simple ways of creating groups lead to new groups, [...]
and not just more groups but more kinds of groups. […] New social tools are
altering this equation by lowering the costs of coordinating group action.” –
Clay Shirky – Here Comes Everybody (picture from Digital Now 2009)
Example of new group formed with new tools




            http://thriveal.com/
Why CEOs should blog?
1. Thought Leadership (Jody Padar example)
2. Engagement with more members and shared
   insights (AICPA Leadership Academy)
3. Real Time Focus group
4. Communication and connecting your
   organization (Marriott Story & MACPA CFO Conference)
5. MACPA uses of social media
6. The Power of Blogging
7. Case Studies (Connecting to Thought Leaders, Connecting to Members –
      Books, MACPA Beach Retreat & NE CPE Conference)
8.    Top Ten (Social) Learning Technologies
9.    Risk Management
10.   It is bigger than you think - Social Organizations
11.   Getting Started
12.   If you Need Help & Resources
Success in a Connected World
Thought Leadership
Social Media Engages & Shares Insights




     The twitter stream from AICPA Leadership Academy
                                                        35
Real Time Focus Group




Example of using Twitter to get immediate real time feedback for this preso
The Marriott Story

“Bill’s blog makes me feel
connected to the organization
in a way I had not felt before. I
feel more informed and closer
to the organization than ever
before.” – from a Marriott
Finance Team member during
an MACPA Professional Issues
update at their HQ in
Bethesda, MD ].




      What if you could keep your organization informed and inspired
                            by your thoughts?
MACPA’s Social Media Map
82,027 views


                                      1,251 connections

                                        450 connections
80,568 views
                                     3,570 followers
        450 members

                                           Top Accounting
                                         Blogs – 2009, 2010,
                                                2011
      Top 50 Business Blogs - 2011                             34
Seth Godin and Tom Peters on blogging




      http://www.youtube.com/watch?v=livzJTIWlmY
Social Media connects us to thought leaders
Three authors
ReTweeted this
blog post which
mentioned their
books…




     http://www.cpasuccess.com/2012/01/the-top-ten-business-books-of-2011.html
Case Study – MACPA Beach Retreat
The next three slides
show the way you can
use social media to
engage a broader
audience and create a
resource for
participants.

1. Post preso on
   www.slideshare.net
2. Embed it and other
   resources and links
   in your blog post
3. Tweet it out and use
   the @name of
   people mentioned
4. Let the conversation
   continue!
Follow the links
   How social media can be used for leadership &
                     learning
• Live session at MACPA Beach Retreat
• Video interview w/ Emmanuel Gobillot, author of Leadershift
  http://youtu.be/3nUhFut5CjM
• Post preso on www.slideshare.net http://dld.bz/afX8M
• Blog post about Beach Retreat session on www.cpasuccess.com
  http://dld.bz/afX2K
• Blog sends out tweet http://dld.bz/agc52 mentions example from
  class twitter handles
• Tom Peters responds http://dld.bz/agc5U
• Emmanuel Gobillot responds on Twitter http://dld.bz/agc6v
• And on www.bizlearningblog.com w/ comment http://dld.bz/agc6C
• And involved Joe Boutte http://dld.bz/agc6Q
• And featured by Dr. Steve Hornik (UCF – Accounting)
  http://dld.bz/agc8f
The post was even featured in an accounting
educator’s “daily” distributed to his followers.


                                                   http://dld.bz/agc8f




                                                    Featured
                                                    our blog
                                                      post
Social Media to engage & connect at
          the NE CPE conference
Another example of using
social media to engage a
broader audience. In this case
I used twitter to get feedback
from CPAs about the use of
social media in learning.

It also informed CPAs about
the NE CPE Conference so
they “heard” that we were
working hard to improve the
learning for them.

The followed up with a blog
post about the event and got
more engagement with
comments from the group.
Twitter during the event, slideshare & blog post-event
Should CEOs blog themselves?




The best advice is to blog yourself – find your authentic voice so you are part of the
                                     conversation
Top Ten Learning Technologies
 1. Twitter – micro-updating tool
 2. YouTube – video hosting and sharing tool
 3. GoogleDocs – online collaboration tool
 4. Delicious – social bookmarking tool
 5. Slideshare – presentation hosting and sharing tool
 6. Skype – instant messaging and VoIP call tool
 7. Google Reader – RSS feed reader
 8. Wordpress – blogging tool
 9. Facebook – social networking site
10. Moodle – course management system
           Social Learning is quickly emerging as
           a major use of social media and a
           way to engage deeper with our
           members and participants.                Source: www.C4LPT.co.uk
Risk Management
             Don’t let this happen to you

This is the biggest fear of
social media. You can
mitigate this fear with
training and a good policy.

MACPA’s social media policy
incorporates the Code of
Ethics of the CPA Profession
and our State Board of
Accountancy into the best of
breed policy from IBM. On
the next slide.
http://www.macpa.org/Content/25247.aspx
It’s Bigger Than You Think – Social
             Organizations
From:                To:
Hierarchy            Network
Command & Control    Connect & Collaborate
Experience Curve     Collaboration Curve
Lecturer             Facilitator
Push                 Pull
Where to from here?

             “I don’t think it’s
             crazy to ask if
             your CEO is the
             next Mubarak”
              - Gary Hamel
Are you a social business?
“A Social Business isn’t just a
company that has a Facebook page
and a Twitter account. A Social
Business is one that embraces and
cultivates a spirit of collaboration
and community throughout its
organization—both internally and
externally.”




                                   http://www.ibm.com/blogs/zz/en/
From Push to Pull
Engaged – Transparent - Nimble
Five Ways to Get started…
1. Create your digital
   footprint (Linked-In, Facebook,
    Google +, Twitter)

2. Start listening (use google
    reader and twitter to start listening)

3. Make friends (build your
    network and follow on twitter)

4. Create & Share (join the
    conversation by commenting,
    Retweeting, and start a blog)

5. Recognize &
   Reciprocate (always recognize
    and attribute other’s work)
If you need help
     Let Bill Sheridan, National Thought
     Leader and architect of MACPA’s award-
     winning social media strategy, be your
     trusted guide to help you jump start
     your social media expertise.

     In seven tele-coaching session, Bill will
     guide you through creating a social
     strategy and hands-on coaching to get
     you up and running fast!

     BLI program: Social Media Strategy &
     Quick Start: Developing and
     Implementing a Social Media Strategy
     for CPA Firms & Organizations

              http://cpa.tc/8s
Start Today!




           “On the field of the Self
            stand a knight and a
         dragon. You are the knight
            and Resistance is the
         dragon” – Steven Pressfield
                Do the Work
More Resources
CPA Success posts about social media
http://www.cpasuccess.com/social-media/
Self-directed learning guide – 15 min a day
http://www.cpalearning2.com/
Can Social Media Help You Learn?
http://cpa.tc/sociallearn
Making Social Media Work for You
http://www.journalofaccountancy.com/Multimedia/TomHood.htm
Social Media for Learning
http://cpa.tc/sociallearn
Social Media for CPAs and CEOs – interviews & stories
http://cpa.tc/social
How to Leverage Social Media – Journal of Accountancy
http://cpa.tc/8u
Recommended Reading
 • The Corporate Blogging Book by Debbie
   Weil
 • Crush-It by Gary Vaynerchuk
 • The Whuffie Factor by Tara Hunt
 • Here Comes Everybody by Clay Shirky
 • Social Media Strategies for Professionals
   and Their Firms by Michelle Golden
 • Switch: How to Change When Change is
   Hard – Chip & Dan Heath
 • Escaping Velocity by Geoffrey Moore
Follow me on:
Tom Hood, CPA.CITP
CEO                                    Twitter: http://www.Twitter.com/tomhood
Maryland Association of CPAs
                                       LinkedIn: http://www.linkedin.com/in/tomhood
Business Learning Institute
(443) 632-2301                         Facebook: http://www.facebook.com/thoodcpa
E-mail tom@macpa.org
                                      Plaxo: http://tomhood.myplaxo.com
Web http://www.macpa.org
Blog http://www.cpasuccess.com        Slideshare: http://www.slideshare.net/thoodcpa
Blog http://www.bizlearningblog.com
                                      Youtube: http://www.youtube.com/thoodcpa
                                      Second Life avatar name: Rocky Maddaloni

Social Media for CEOs

  • 1.
    Social Media &the Role of the Chief Executive CPA-SEA Mid-winter Meeting Tucson, AZ Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute
  • 2.
    Why CEOs shouldcare about Social Media “In-forming is the individual person's analog to open-sourcing, outsourcing, insourcing, supply-chaining, and offshoring. Informing is the ability to build and supply your own personal supply chain—a supply chain of information, knowledge, and entertainment. In- forming is about self-collaboration— becoming your own self-directed and self- empowered researcher, editor, and selector of entertainment. – Thomas Friedman
  • 4.
    I don’t knowthe future. I didn’t come here to tell you how this is going to end. I came here to tell you how it’s going to begin. I am going to hang up this phone and then I am going to show these people what you don’t want them to see. I am going to show them a world without you. A world without rules and controls, without borders or boundaries. A world where anything is possible. Where we go from there is a choice I leave to you. http://www.youtube.com/watch?v=aOg9IcxuV2g
  • 5.
    The single mostimportant trend in the world today "It starts with the fact that globalization and the information technology revolution have gone to a whole new level. Thanks to cloud computing, robotics, 3G wireless connectivity, Skype, Facebook, Google, LinkedIn, Twitter, the iPad, and cheap Internet-enabled smartphones, the world has gone from connected to hyper-connected.” - Thomas Friedman NY Times author The World is Flat American Institute of CPAs
  • 7.
    Social Media Revolution3.0 by Eric Qualman http://www.youtube.com/watch?v=x0EnhXn5boM
  • 8.
    Social Media &Web 2.0 – Threat or Opportunity Associations: Road Kill on the Information Super Highway “Tools that provide simple ways of creating groups lead to new groups, [...] and not just more groups but more kinds of groups. […] New social tools are altering this equation by lowering the costs of coordinating group action.” – Clay Shirky – Here Comes Everybody (picture from Digital Now 2009)
  • 9.
    Example of newgroup formed with new tools http://thriveal.com/
  • 10.
    Why CEOs shouldblog? 1. Thought Leadership (Jody Padar example) 2. Engagement with more members and shared insights (AICPA Leadership Academy) 3. Real Time Focus group 4. Communication and connecting your organization (Marriott Story & MACPA CFO Conference) 5. MACPA uses of social media 6. The Power of Blogging 7. Case Studies (Connecting to Thought Leaders, Connecting to Members – Books, MACPA Beach Retreat & NE CPE Conference) 8. Top Ten (Social) Learning Technologies 9. Risk Management 10. It is bigger than you think - Social Organizations 11. Getting Started 12. If you Need Help & Resources
  • 11.
    Success in aConnected World
  • 12.
  • 13.
    Social Media Engages& Shares Insights The twitter stream from AICPA Leadership Academy 35
  • 14.
    Real Time FocusGroup Example of using Twitter to get immediate real time feedback for this preso
  • 15.
    The Marriott Story “Bill’sblog makes me feel connected to the organization in a way I had not felt before. I feel more informed and closer to the organization than ever before.” – from a Marriott Finance Team member during an MACPA Professional Issues update at their HQ in Bethesda, MD ]. What if you could keep your organization informed and inspired by your thoughts?
  • 16.
    MACPA’s Social MediaMap 82,027 views 1,251 connections 450 connections 80,568 views 3,570 followers 450 members Top Accounting Blogs – 2009, 2010, 2011 Top 50 Business Blogs - 2011 34
  • 17.
    Seth Godin andTom Peters on blogging http://www.youtube.com/watch?v=livzJTIWlmY
  • 18.
    Social Media connectsus to thought leaders
  • 19.
    Three authors ReTweeted this blogpost which mentioned their books… http://www.cpasuccess.com/2012/01/the-top-ten-business-books-of-2011.html
  • 20.
    Case Study –MACPA Beach Retreat The next three slides show the way you can use social media to engage a broader audience and create a resource for participants. 1. Post preso on www.slideshare.net 2. Embed it and other resources and links in your blog post 3. Tweet it out and use the @name of people mentioned 4. Let the conversation continue!
  • 21.
    Follow the links How social media can be used for leadership & learning • Live session at MACPA Beach Retreat • Video interview w/ Emmanuel Gobillot, author of Leadershift http://youtu.be/3nUhFut5CjM • Post preso on www.slideshare.net http://dld.bz/afX8M • Blog post about Beach Retreat session on www.cpasuccess.com http://dld.bz/afX2K • Blog sends out tweet http://dld.bz/agc52 mentions example from class twitter handles • Tom Peters responds http://dld.bz/agc5U • Emmanuel Gobillot responds on Twitter http://dld.bz/agc6v • And on www.bizlearningblog.com w/ comment http://dld.bz/agc6C • And involved Joe Boutte http://dld.bz/agc6Q • And featured by Dr. Steve Hornik (UCF – Accounting) http://dld.bz/agc8f
  • 23.
    The post waseven featured in an accounting educator’s “daily” distributed to his followers. http://dld.bz/agc8f Featured our blog post
  • 24.
    Social Media toengage & connect at the NE CPE conference Another example of using social media to engage a broader audience. In this case I used twitter to get feedback from CPAs about the use of social media in learning. It also informed CPAs about the NE CPE Conference so they “heard” that we were working hard to improve the learning for them. The followed up with a blog post about the event and got more engagement with comments from the group.
  • 25.
    Twitter during theevent, slideshare & blog post-event
  • 26.
    Should CEOs blogthemselves? The best advice is to blog yourself – find your authentic voice so you are part of the conversation
  • 27.
    Top Ten LearningTechnologies 1. Twitter – micro-updating tool 2. YouTube – video hosting and sharing tool 3. GoogleDocs – online collaboration tool 4. Delicious – social bookmarking tool 5. Slideshare – presentation hosting and sharing tool 6. Skype – instant messaging and VoIP call tool 7. Google Reader – RSS feed reader 8. Wordpress – blogging tool 9. Facebook – social networking site 10. Moodle – course management system Social Learning is quickly emerging as a major use of social media and a way to engage deeper with our members and participants. Source: www.C4LPT.co.uk
  • 28.
    Risk Management Don’t let this happen to you This is the biggest fear of social media. You can mitigate this fear with training and a good policy. MACPA’s social media policy incorporates the Code of Ethics of the CPA Profession and our State Board of Accountancy into the best of breed policy from IBM. On the next slide.
  • 29.
  • 30.
    It’s Bigger ThanYou Think – Social Organizations From: To: Hierarchy Network Command & Control Connect & Collaborate Experience Curve Collaboration Curve Lecturer Facilitator Push Pull
  • 31.
    Where to fromhere? “I don’t think it’s crazy to ask if your CEO is the next Mubarak” - Gary Hamel
  • 32.
    Are you asocial business? “A Social Business isn’t just a company that has a Facebook page and a Twitter account. A Social Business is one that embraces and cultivates a spirit of collaboration and community throughout its organization—both internally and externally.” http://www.ibm.com/blogs/zz/en/
  • 33.
    From Push toPull Engaged – Transparent - Nimble
  • 34.
    Five Ways toGet started… 1. Create your digital footprint (Linked-In, Facebook, Google +, Twitter) 2. Start listening (use google reader and twitter to start listening) 3. Make friends (build your network and follow on twitter) 4. Create & Share (join the conversation by commenting, Retweeting, and start a blog) 5. Recognize & Reciprocate (always recognize and attribute other’s work)
  • 35.
    If you needhelp Let Bill Sheridan, National Thought Leader and architect of MACPA’s award- winning social media strategy, be your trusted guide to help you jump start your social media expertise. In seven tele-coaching session, Bill will guide you through creating a social strategy and hands-on coaching to get you up and running fast! BLI program: Social Media Strategy & Quick Start: Developing and Implementing a Social Media Strategy for CPA Firms & Organizations http://cpa.tc/8s
  • 36.
    Start Today! “On the field of the Self stand a knight and a dragon. You are the knight and Resistance is the dragon” – Steven Pressfield Do the Work
  • 37.
    More Resources CPA Successposts about social media http://www.cpasuccess.com/social-media/ Self-directed learning guide – 15 min a day http://www.cpalearning2.com/ Can Social Media Help You Learn? http://cpa.tc/sociallearn Making Social Media Work for You http://www.journalofaccountancy.com/Multimedia/TomHood.htm Social Media for Learning http://cpa.tc/sociallearn Social Media for CPAs and CEOs – interviews & stories http://cpa.tc/social How to Leverage Social Media – Journal of Accountancy http://cpa.tc/8u
  • 38.
    Recommended Reading •The Corporate Blogging Book by Debbie Weil • Crush-It by Gary Vaynerchuk • The Whuffie Factor by Tara Hunt • Here Comes Everybody by Clay Shirky • Social Media Strategies for Professionals and Their Firms by Michelle Golden • Switch: How to Change When Change is Hard – Chip & Dan Heath • Escaping Velocity by Geoffrey Moore
  • 39.
    Follow me on: TomHood, CPA.CITP CEO  Twitter: http://www.Twitter.com/tomhood Maryland Association of CPAs  LinkedIn: http://www.linkedin.com/in/tomhood Business Learning Institute (443) 632-2301  Facebook: http://www.facebook.com/thoodcpa E-mail tom@macpa.org Plaxo: http://tomhood.myplaxo.com Web http://www.macpa.org Blog http://www.cpasuccess.com Slideshare: http://www.slideshare.net/thoodcpa Blog http://www.bizlearningblog.com Youtube: http://www.youtube.com/thoodcpa Second Life avatar name: Rocky Maddaloni

Editor's Notes

  • #5 http://www.youtube.com/watch?v=aOg9IcxuV2gArewe in the Matrix? Remember the final scene where Neo answers the phone and flies off into the future?In know you out there. I can feel you know. You’re afraid. You’re afraid of us. You’re afraid of change.I don’t know the future. I didn’t come here to tell you how this is going to end. I came here to tell you how it’s going to begin. I am going to hang up this phone and then I am going to show these people what you don’t want them to see. I am going to show them a world without you. A world without rules and controls, without borders or boundaries. A world where anything is possible. Where we go from there is a choice I leave to you.
  • #6 The most important trend in the world
  • #7 This is the real issue – getting a grip on social media.
  • #9 Red Herringmagazine had a feature article around 2002 in the early stages of the internet titled, Associations: Road-kill on the information superhighway. That article scared me as it foretold the disintermediation of associations.In 2009, Clay Shirky (author of Here Comes Everybody) spoke at the Digital Now Conference in Orlando, FL where he spoke about how there are no barriers to forming “associations” with all of the social media tools. There is a grate example of that with the Thriveal networks of CPAs started by Jason Blumer in SC. http://www.thriveal.com
  • #13 Jody Padar made it to the Accounting Today Top 100 list in a very short time propelled by her ability to get heard via social media. It used to take decades to make that influential list – she did it in 2-3 years.
  • #14 Example of engagement by the AICPA Leadership Academy in a twitterstream. Young Professionals share insights with each other in real time.
  • #15 MACPA Social Media MAP – we elected to throw our “lines’ into every fishing hole. Notice slideshare stats which is one of the most powerful social media tools you can use for finadability and pull.
  • #32 http://www.forbes.com/sites/techonomy/2011/09/07/social-power-and-the-coming-corporate-revolution/
  • #34 Engaged - A Social Business connects people to expertise. It enable individuals – whether customers, partners or employees – to form networks to generate new sources of innovation, foster creativity, and establish greater reach and exposure to new business opportunities. It establishes a foundational level of trust across these business networks and, thus, a willingness to openly share information. It empowers these networks with the collaborative, gaming and analytical tools needed for members to engage each other and creatively solve business challenges. Transparent - A Social business strives to remove unnecessary boundaries between experts inside the company and experts in the marketplace. It embraces the tools and leadership models that support capturing knowledge and insight from many sources, allowing it to quickly sense changes in customer mood, employee sentiment or process efficiencies. It utilizes analytics and social connections inside and outside the company to solve business problems and capture new business opportunities. Nimble - A Social Business leverages these social networks to speed up business, gaining realtime insight to make quicker and better decisions. It gets information to customers and partners in new ways -- faster. Supported by ubiquitous access on mobile devices and new ways of connecting and working together in the Cloud and on open platforms, a Social Business turns time and location from constraints into advantages. Business is free to occur when and where it delivers the greatest value, allowing the organization to adapt quickly to the changing marketplace.
  • #35 Create a digital footprint – Create profiles on Facebook, LinkedIn, Google and Twitter. It is almost as important now to reserve firm and individual names as it was to take ownership of your firm’s unique URL back when the web was in its infancy. Start listening – Use Google Reader or Bloglines to read (and listen) to conversations in the blogosphere. Find and follow people on Twitter whom you find interesting. Consider your firm’s niches, CPA professionals, your clients’ industries as well as media. Some good resources are 1) the Top50 Blogs in Accounting by Biz.edu (http://www.onlinembarankings.net/ blog/2008/08/the-numbers-top-50-accounting-blogs/); 2) Blog search www.blogsearch.google.com; and 3) Twitter search www.search.twitter.com. Make friends – “Power friending” is a term used by social media users when one finds a person of interest and explores his or her connections and networks to find even more thought leaders. This process includes leaving comments on blogs, “retweeting” links and comments and referencing content (and links) when you post to any of your chosen social network platforms (e.g., Twitter, Facebook, LinkedIn). Create and share – Start a blog and share articles, links, and other items of note. It’s important to offer perspective as well as invite conversation (comments and questions). Recognize & reciprocate – One of the most important concepts in social media is to promote yourself (or your firm) by promoting others first. Make sure you are attributing any content or references to the appropriate authors or sources. This is an ethical “must” and powerful way to build an online network. When you make references, it draws others to the source along with you you. Before long you will have a diverse and helpful network if you follow this plan.