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Open Leadership: The Upside Of Giving Up Control
Charlene LiAltimeter GroupMarch 13, 2010
1
For SXSW
#open
© 2010 Altimeter Group
These new relationships are changing business
Command & control
New ways to get things done
© 2010 Altimeter Group
6
Why is social hard?
Because realrelationships require that you give up control
© 2010 Altimeter Group
The need for open leadership7
When people get what they need from each other
“How open do I need to be?
© 2010 Altimeter Group
Open Leadership8
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
© 2010 Altimeter Group
10 elements of openness9
• Explaining• Updating• Conversing• Open Mic• Crowdsourcing• Platforms
Information Sharing
• Centralized• Democratic• Self-managing• Distributed
Decision Making
© 2010 Altimeter Group
Determine how open you need to be to meet your goals
10
Platform
Crowdsourcing
Open Mic
Conversing
Updating
Explaining
Today
© 2010 Altimeter Group
Four goals define your open strategy, but always start with learn
11
Learn
Dialog
Support
Innovate
© 2010 Altimeter Group
Engagement Pyramid: Focus on Watching and Sharing
14
Curating
Producing
Commenting
Sharing
Watching
© 2010 Altimeter Group
Social + open = competitive advantage
17
+2,200 Best Buy employees answer questions sent to @twelpforce
© 2010 Altimeter Group
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.
© 2010 Altimeter Group
#1 Align openness with strategic goals
21
Examine your 2010 goals
Pick one where open and social can have an impact
© 2010 Altimeter Group
22
#2 Understanding the upside
What’s the value?
Of +5 million fans?
Of karaoke?
Photo by Chris Heuer
© 2010 Altimeter Group
+ 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
• Percent that refer• 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
© 2010 Altimeter Group
Fans
Large network
Refers
Doesn’t refer
Small network
Refers
Doesn’t refer
Find more fans with
large networks
Encourage fans to make
more referrals
Make decisions with metrics24
© 2010 Altimeter Group
#3 Support open leadership25
Cautious Tester
Realist Optimist
Worried Skeptic
Transparent Evangelist
Pessimist Optimist
Collaborative
Independent
© 2010 Altimeter Group
Convincing the curmudgeon26
Lovisa WilliamsUS State Dept.
@State for 4 yearsWrote first social media policy
Who can best work with a Worried Skeptic?
© 2010 Altimeter Group
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.
Summary30
© 2010 Altimeter Group
31
Thank you
31
Charlene [email protected]
blog.altimetergroup.com
Twitter: charleneli
For slides, send an email to
Join me for a book signing at
6:20pm
http://bit.ly/buyopenleadership
© 2010 Altimeter Group
About Us
32
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