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Beverly Macy

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This Is Not a Bubble -- It's a Wave, and You're Not on It

Posted: 05/28/2012 8:22 pm

In surfing, it's the 'tube' ride or 'cracking the barrel' that creates heroes. There's an aura around those who've mastered this skill and they say that words fail to describe the magnificence of the ocean and the ride.

In fact, tube riding is a super-advanced skill, and most surfers spend their lifetimes surfing without ever getting "tubed" (the term used for being inside the barrel of the wave).

Conditions have to be absolutely perfect for the wave to create the tube and for the surfer to be inside it.

I think about this when I read about the Facebook/social media bubble. Those busy wringing their hands are missing the point entirely. This is not a bubble. This is a wave, and if your company doesn't know that yet, then you're already missing the ride.

Business has changed. Communication has changed. The social-mobile-local-cloud (SoLoMoClo) is producing multi-billion dollar ecosystems that are changing how we communicate, collaborate, compensate, and coordinate resources and information.

Companies are leveraging the social business graph of their employees, suppliers, and other stakeholders to revolutionize how business is done. Security is also burgeoning with disruptive innovation as the value chain goes to the cloud.

This SoLoMoCLo business wave holds as much awesome power and strength of the Banzai Pipeline and is set to change the game forever. This is not an overstatement. And according to Wikipedia, "The extreme challenge posed to even the best athletes when Pipeline is breaking at full size cannot be overstated. Numerous surfers and photographers have been killed at Pipe... "

That's the task facing businesses today -- either you're on the wave or you're not. Think of the rich rewards for companies who can harness these new ecosystems and produce intelligence from sheer volume of real-time engagements swirling around the globe. IBM did, and they've launched a Social Business division. That in itself is telling -- IBM seldom makes 'risky' investments.

Piercing that cloud of global consumer velocity, sentiment, and connections will ultimately enable business visionaries to change education, healthcare, government, supply-chain management, payments systems, entertainment, advertising, and more.

Is your company nurturing theses 'tube riders' -- the next generation of super-skilled business ninjas? Or are you snickering about the 'bubble' and hoping everything goes 'back to normal'?

It's your choice. I hear Big Wave wipeouts are no fun -- even deadly.

Beverly Macy is the CEO of Gravity Summit LLC and the Co-Author of The Power of Real-Time Social Media Marketing. She consults with Fortune 500 executives on social media and social business and teaches Executive Global Marketing and Branding and Social Media Marketing for the UCLA Extension Email her at beverlymacy@gmail.com.

 

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02:42 PM on 06/05/2012
Spot on Beverly! Every time I see "bubble" I make a point to change it to wave. Gets many clients thinking differently. Brilliant, enjoyed the read, thank you!
01:04 AM on 05/29/2012
Can't really see that... we had excellent new business last year and this year. ALMOST NONE of it came from social websites or any "new" form of communication. Most of it came from the oldest source in the world: personal relations. That's right, our customers were all people who knew former customers of ours... and there were a lot of them. We are making money hand over fist through word of mouth.

I didn't think it would be this way a couple years ago... but that's how it has worked out lately. What's more important, we are dealing more and more with Asia, right now, and we have found that customers are much more relaxed in dealing with us if they were referred to our business trough a common acquaintance. That's a level of trust that simply can not be built by "internet" friends. It's something that is built by people who will actually hop on the plane to Asia (or the other way round to the US, or Europe etc.) if they are serious about business.
02:04 PM on 05/29/2012
I don't see how these are mutually exclusive things. You obviously do great things for your customers. That is why they refer you to new potential customers so often. Why in the world would you want to limit the number of new potential customers your trusted valuable clients can reach for you?

The social web allows you to do that.

Maybe you have more customers than you need. If so that's fantastic! It is also very rare.
11:35 AM on 05/31/2012
Good point. Social media doesn't replace personal relations, it enhances it. It helps empower not only your voice, but the voice of your customer. That's not to say that a business will flounder without social media, but your business will not necessarily fail if you don't use computers. Social media is a tool to empower your success. And yes, SwiftJonathan, congratulations on your success, it is rare.
12:32 AM on 05/29/2012
This is an excellent illustration of the status of many businesses today, they are failing to catch the tube. Entrepreneur like a surfer fell, get wet, and next day trying again.