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Mitigate Business Risks: Implement a Social Media Council

by on March 13, 2014

Collaboration and cooperation are important components of a business ecosystem. They can help us mitigate risk. We all know this. Interestingly enough though, not enough people consider this when developing and implementing different components of their operational functions and some of the communications associated with the various operational aspects.  For example, not enough organizations are implementing social media councils.  These councils are an important component of your operations; and here are the top 5 reasons to start your social media council immediately.

5.  Eliminate Functional/Communication Silos

Unless your organization is small and centrally located, then you have experienced the fact that different people in different departments could very well be duplicating efforts.  Some examples include communications with customers through such channels as Twitter for customer service. The last thing you want to do is to confuse your customers about what channel is the right one to reach you in the event of an issue. Approaching your social media as a collective can bring good ideas to the table sooner and ensure that everyone approaches it the same way.  A social media council will foster collaboration. Want tips on how to break down silos?  Check out Busting Silos: Workplace Design Offers a Smart Solution, Barbara T. Armstrong. Click to Tweet

 4.  Reduce costs

Silos not only increase confusion, they increase costs.  Creating a social media council can ensure that the right number of resources are identified and trained to monitor and engage on behalf of your company.  This will reduce costs.  Click to Tweet A social media council will also ensure that multiple resources are not carrying out the same function at the same time.

3.  Manage & Protect Reputation

Eisner  Amper’s 4th Annual Board of Directors’ Survey continues to show Reputation Risk at the top of the list, primarily due to the concerns around social media.  Developing and implementing a social media council is your first step in your defence. A social media council should be made up of people from different disciplines, including Human Resources, Legal, Public Relations, Marketing, Sales, etc.  Including Human Resources and Legal is absolutely essential.  Their approach will provide a different perspective that will make your overall effort more focused.  They will also learn about the issues of Sales, Public Relations and Marketing in a new context.  This will further foster collaboration and learning for all. Click to  Tweet

2.  Create an Informed and Educated Workforce

Creating a social media council, when done well, means that you are building a multidisciplinary   team.  This group of people should not only bring information, ideas and issues to the Council, they are also to bring information, ideas and issues back to their respective departments.  A successful, highly functioning Council gives and receives information.  It becomes a powerful communication channel for the entire enterprise – from the frontline workers all the way up to and including the C-suite.  Click to Tweet

1. Identify and Mitigate Risk

It all comes down to this.  If there is just one reason to implement a social media council, it is about identifying and mitigating risk.  When you look at each of the reasons above, it can all be boiled down to this.  I don’t know one organization that isn’t concerned about mitigating risk.

If you would like to learn more about social media councils and mitigating risk, let us know.  Check us out at TaylorMade Solutions.

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