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June 9, 2010 1:46PM

Realcomm - Social Media for CRE

Staff Member REdirect Consulting
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Staff

Social Media - The Evolution:

  • General business perceptions is that Facebook, Twitter, etc. is a waste of time, but social media/interaction is still valuable - need to find the proper niche
  • we work in a knowledge economy now - quick innovation key - bringing together ideas quickly is a business differentiator
  • email problems - black box to black box discussion; if you don't know who to go to you're stuck, if you get a response, not everyone else gets the solution
  • how people use these technologies is not an IT problem - it's more a marketing/HR issue if the company doesn't want to use facebook, etc
    • for example, IT doesn't govern or generate analytics on telephone, cellphone, etc usage - so why facebook?
  • "blocking facebook is like putting your finger in your ear and singing loudly" (trying to ignore the problem)
  • usage of web is evolving - used to be a lot of little touches - searches, news, etc - now people spending more time on certain sites tuned to social networks

 

Objectives and effectiveness of social media policy:
  • there is a need for corporate "digital sensitivity" training - using social media is not inherently bad; in many cases it's just another communication tool - one that's good at what it does and can be leveraged and useful for business usage -- but how the tool is used isn't the fault of the tool; if someone uses it for inappropriate, non-business related purposes, that's not the technology's fault, it's the user's fault
  • a lot of what users do with social media are already covered in existing HR policies; it's not an entirely new and uncovered area - human and b2b interaction is typically covered by HR;
  • social media guideline - "don't be a jerk", "if you would be embarassed showing your mom, edit it"
  • at Transwestern the marketing department led the social media policy initiative
  • focus on education of staff more so than just constantly policing
  • think about the well intentioned employee that does something against policy - ex linkedin has a recommendation tool - but if your policy is not to provide letters of recommendation without HR approval, or at all, how does that impact usage of linkedin

Value of social media:

  • people are using social media already, whether we like it or not; this is a fundamental shift in how people are working
  • Can use for customer service;
    • people don't want to call-in and wait for support anymore;
    • social media allows people to get info from amongst themselves
    • question is do you want to participate in that and help or sit back and let others define your messaging?
  • potential replacement for some email - examples of what some companies are doing:
    • use social spaces within Sharepoint; example - allow profiles for people, someone else can tag a colleague as an expert and that info is useful to the next person who has a similar problem
    • employ project dashboard in sharepoint; with a blog for each project - instead of emails back-and-forth
    • set up wiki and self service for helpdesk tickets
Their extensive background understanding of MRI and knowledge of the real estate industry allows them to really understand the user’s needs and requests.

Michael Allen – Director, MIS

Allied Properties REIT

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