Looming Talent Crunch in Social CRM

Talk to senior or middle level executives in Marketing or IT about Social Media or Enterprise 2.0 and you will see their face light up immediately with excitement from perceived opportunity and with fear from perceived threat – all at once. Most executives will tell you that they want to leverage Social Media and Enterprise 2.0 tools and technology for engaging their customers and employees but don’t know what to do or how to go about it. There is real shortage of “talented” people who understand both – Social Media/Enterprise 2.0 AND existing marketing and IT systems/processes like CRM and ERP.

Don’t get me wrong. I am not saying that there is a shortage of Social Media consultants or self proclaimed “experts”. They are dime a dozen (or should I say tweet a dozen). What I am saying is that we have a shortage of people who really understand the power and potential of Social Media/Enterprise 2.0 tools AND can relate these tools to existing marketing/IT processes.

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If they can do it…

Yesterday, Morgan Stanley Smith Barney announced that it would allow its advisers to use social media platforms, providing all 18,000 advisers access to LinkedIn and Twitter in June and graduating to Facebook soon after that.

It is the first large financial firm to do so, marking a sea-change in the industry’s resistance to adopting potentially confidentiality-threatening tools. Morgan Stanley’s only real social toe-dipping to date was the infamous report on How Teenagers Consume Media they commissioned from a 15-year-old on work experience.

However, Andy Saperstein, head of wealth management says, “Many of our clients have been demanding social media. Many of our advisers have been demanding it.”

Of course, it’s the clients that probably made the most impact. Staff are one thing, but when the guys who pay you big bucks start to demand something, you sit up and listen.

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