Archive for April, 2010

Can entrepreneurs become leaders? Are leaders born or made?

Thursday, April 22nd, 2010

Sue Peters, Director of the LEAD programme at Lancaster University Management School is well placed to offer her expert insight  into leadership in business. Read her thoughts on this core business topic below

Can entrepreneurs become leaders? Are leaders born or made?

These are very important questions and ones that have huge debates surrounding them. Good leadership is essential for the survival and profitability of businesses. This is even more critical for the survival of smaller firms. From my experience of developing leadership in small businesses I firmly believe that leaders can be made and that some entrepreneurs can be leaders.

How can entrepreneurs develop their leadership capabilities? I believe it is about creating the right environment to learn leadership. In academic circles it is well known that entrepreneurs and owner managers have little opportunities to learn leadership. Working for themselves they often feel isolated and lonely and often the only people they can talk to are family or friends.

Research and empirical evidence has shown that leadership can be learnt and leadership capabilities in the smaller firm (at all levels) can be heightened. Programmes such as LEAD provide the environment for owner managers of small to medium sized businesses to heighten their leadership capabilities by learning from others.

A trusted peer network of others in the same boat provides the perfect opportunity to learn and develop. However, Leadership is also about identity. The leader has to want to be a leader which is why some entrepreneurs make disastrous leaders. One defining feature of a leader is that he or she has followers. Definitions surrounding entrepreneurs are typically that they are risk takers, they create new opportunities and often creative destruction. Sometimes the entrepreneur should not be the leader but if they are willing to lead and see themselves as a leader there are opportunities to develop the leader within.

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Advertising Revenues Are Set To Grow in 2010

Tuesday, April 13th, 2010

Magna has revised its media advertising revenues forecast for 2010 from a ‘1% decline’ to ‘3% growth’. However, this year will be as good as it gets until 2015, it cautions.UK ad revenues are forecast to grow in 2010

This comes on the back of increased consumer confidence and “better than expected” results in Q4 of 2009. TV advertising is also reversing the trend after “significantly outperforming” market expectations resulting in increased forecasts from a 4.3% decline to 3.5% growth ,a major turnaround in anyone’s book and music to the ears of the ad man who believes all great campaigns must start on tv!

It will come as no surprise to anyone that media revenue has fallen drastically over the last couple of years and it’s still predicted that this year’s media economy will only reach £11bn, still down on the £11.3bn achieved way back in 2004.

We’ve seen a huge scramble from agencies large and small to get onto the digital bandwagon in an attempt to stop falling income streams and in the city’s largest media agencies you will now find the digital teams dwarfing the number of broadcast and press staffers. This is reflected by the highest forecast growth rates for search and display of 12% and 5.7% respectively.

Whilst these green shoots will be welcomed by advertising agencies and media owners it probably means good short term gains for Manchester PR agency’s as companies continue to see increased value in PR and protecting their reputation. (see earlier blog post here…).

There’s still a long way to go but at least the economy seems to be grinding in the right direction.

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How much is a social media connection worth?

Tuesday, April 13th, 2010

There’s a lot of talk about how to evaluate social media but less so about how much an individual connection is worth or even how much you’d be willing to pay for one. How often have you picked up a gem of a business tip, a sales lead or bypassed a gatekeeper to start a conversation with a key influencer thanks to a social media connection? The chances are quite a few times if you are a member of the Twitterati or a Linkedin advocate and these acts can be worth a fortune in both monetary and time senses so we’ve decided to run a little experiment to see how much people will pay for a good connection.
Now I’ve grabbed your attention I’ll come clean. I need your help. I’ve only gone and said yes to a client when maybe the answer should have been thanks but no. You’d think I’d have learned better by now. In the past I’ve said yes to taking part in ticket barrier checks at train stations for First Group, dressing up as Funky Monkey for the Co-Op and being savaged by kids, abseiling down Blackpool’s Sandcastle dressed as Batman (pre-Father’s for Justice I may just add) for Crimestoppers. To top that I’ve been photographed in my boxer shorts for a Jockey ‘Men Not Models’ campaign and taken part in a two day urban adventure Rat Race all in the name of client work. But that was then and this is now and I’m well into my 30′s, a tired father of a 20 month old and carrying (ahem) an extra pound or two. Yet I still said yes to taking part in the Taskers Charitable Foundation annual bike ride.

On May 14 I’ll be one of 50 invite only business people riding around Formby trying to spot red squirrels and playing my part in raising a minimum £25,000 charity donation  – I’ll save you the hassle of doing the maths, we each have to raise at least £500. So rather than simply raiding my son’s bank account and emailing all my contacts begging I thought I’d do something different.
If I could persuade all the people I’m connected to  on social media to give as little as a pound each I’d easily nail the target and much more. But then I remembered the Facebook school ‘friends’ who I’ve not actually seen or spoken to since ’93 and all the ‘ladies’ with the big boobies who randomly follow me on Twitter and I realised it wouldn’t be quite that simple.

So instead I thought we’d ask people to make a donation relating to whether or not they rate my connection and if I’ve ever been of use to them. So now I’m in their hands and I just hope I’ve paid enough forward to get a little back this time.

If you’ve read this far, just take one more moment to think what my connection is worth to you and subsequently charities across the UK and I’ll let you know how the experiment goes.
Avoid being pruned off my friend lists by please digging deep for my chosen charity, the children’s hospice Zoe’s Place and donating online here.

Thanks for helping to make a difference.

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Northern Digitals Meeting

Thursday, April 8th, 2010

Most people are aware that Manchester is a bustling hub of creativity, and always ready to embrace the future, and tonight sees the monthly meeting of a group who embody this concept completely, the Northern Digitals.

Northern Digitals is a monthly meeting of the digital creatives from in and around Manchester, allowing them to get away from their screens and network, with other digital creatives. The concept is that people within the digital creative industry spend all their time communicating to each other through every other medium except good old fashioned face to face conversation. The meeting takes place in The Northern on Oldham Street in Manchester, and the informal nature of the events allow for networking, which the organisers say, ‘will hopefully lead to some great work and partnerships.

If you’d like to register go to the site and follow the link on the right hand side to join Northern Digitals.

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What is hyperlocal and why should we care?

Wednesday, April 7th, 2010

Last night’s Social Media Cafe had an over riding theme – hyperlocal. Put simply this means news of interest to the local community and is usually provided by free independently owned and run websites.  They have sprung up to fill the void left by the reduction in local news reporting over the last few years following widespread cut backs in journalists across print and broadcast media.

In attendance amongst the usual collection of PR’s and social media aficionados was Josh Halliday who runs the Sunderland local news site SR2. This covers a patch with 30k potential readers, so has a sizeable audience to connect with. (NB correction of notes from last night and earlier error claiming 30k readers)

Sitting in the hot seat were Nigel Barlow – ably supported from the wings by business partner Louise Bolotin- and Richard Jones. Nigel and Louise have launched Inside the M60 to cover what they see as a void of decent on the street reporting at a local level since the MEN shut its weekly offices and encamped its entire team into Deansgate. Nigel see’s the role of hyperlocal as 1. to report local stories and 2. to scrutinise them.

Meanwhile Richard runs Saddleworth News, his own hyperlocal news site. Candidly Richard discussed his decision to set up the site to keep his brain in-gear whilst looking after his young child (I can relate to that!), their family economics meaning his wife has returned to work.

So two fresh news outlets with a passion for local information sounds good so far and surely they must be based on similar models. Wrong.

Richard is happy to cover his minimal costs and has picked up some very localised advertising revenue to do just that. However, Nigel and Louise aim to build a sustainable business model that they hope will carry on long after them. Nigel spotted that there are similarities in the type of advertisers spending on hyperlocal sites across the country and sees potential in future networked ad deals to supplement local advertisers as well as revenue from other sources, potentially central Government. After all information is essential for democracy.

Richard is already finding that many stories are coming to him and that through open data on the web he’s able to find many more. Nigel confirmed they will be taking a much more active approach to being news hounds and hitting the streets – something Louise pointed out that the the MEN are now less able to do with their reporters facing potential 30 mile round trips to get to their patch.

Political stories, accountability of our elected leaders and traceability on where our funds go were recurring hot topics that seem set to be well covered on the sites. With my PR head on I asked what sort of content they would like to be approached with beyond Town Hall talk. The response will please fellow PR’s as they are open to anything of interest to their readers from culture to sport, food to fashion.

Probing further I asked whether they would be open to using genuine citizen journalism reporting if Mr or Mrs Jonny on the spot provided video or audio footage for example. Both said yes to this although this caused some discussion in the audience as to the quality of content. On that note, it was also discussed whether existing local Facebook groups already offered the content that hyperlocal will. The responses seemed to agree that while they have a role to play they can’t compete with the quality of the copy trained journalists turn out. Not to mention the legalities of libel claims arising from stories or even reader comments.

With local newspapers shrinking and ITV local news set to be scrapped in its current format by 2013, PR’s better keep abreast of hyperlocal channels if they want to keep their clients connected to local communities.

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Manchester Social Media Cafe, April event

Monday, April 5th, 2010

Don’t forget it’s Manchester’s Social Media Cafe tomorrow night. These are always worth checking out even though some of the topics may not seem particularly relevant immediately,  you can normally glean at least a few nuggets of useful information and the attendees are mostly a very friendly bunch. The recession busting bar prices at the Beeb also seem to ensure larger than average turn outs for  the events hosted here and why not use the money you save at the bar to donate towards the running of the events?

Anyway, here’s Josh’s information on the event:

The April 2010 meeting of the Social Media Cafe will be held at the BBC building in Oxford Road, Manchester.

Important: To clear security, please ensure you sign-up by 10 am on Tuesday 6 April so that your name is on the list!

This event is for anyone and everyone interested in social media in Manchester to meet, share ideas and learn. It is run as an ‘unconference’-style event, to enable the community to share their skills and interests. It relies on your participation to make it a success.

This month’s cafe will have a ‘hyperlocal‘ theme. Read the announcement blog post for more information.

18:00 Doors open
18:30 Introductions
18:40 Sessions
19:20 Break
19:40 Chris Taggart, Countculture, Openly Local and the Open Election Data project
20:20 Break and networking

Want to run a session? Please visit the session listing page.

Please donate!

This time, we’re asking for some small donations to help cover the costs of our guest speakers. You can donate through PayPal, here.

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