Who owns social media?
Friday, February 29th, 2008 by Hugh KennedyOur friends at Cymfony, now TNS Media Intelligence/Cymfony (proving a theory of mine that all CGM companies will ultimately be acquired) have just released a new survey of 60 marketers at companies in North America, France, and the U.K.. The report concludes that when it comes to social media, marketing agencies are “ill equipped,” to quote AdWeek and “don’t get it,” to quote the survey report.
The report brings back the words of an AT&T executive who is a “friend of the agency,” as the saying goes. In essence, she said that “agencies talk a good game about integrating print and online, but I’ve been hearing it for years and I just don’t see it.” Well, she used more PG-13 language than that, but you hear the same kind of frustration as we’re now hearing about social media.
Although BtoB has traditionally lagged consumer markets in marketing innovation, we find that social media provides a great opportunity to step out and “punch above your weight,” since larger companies tend to arrive at the party later. Of course, there are a few ground rules to be laid down after, to quote Jim Nail from Cymfony, we “put up a good presentation about what social media is.” In no particular order, these are: (more…)

