In the beginning, Social Networks were perceived sceptically by most IT executives, as they always are cautious to invest in fashionable technologies, rather than the ones they can prove to make a difference to the bottom line. Several years ago Social Networks phenomena was taken quite controversial by CIOs, as they tried to understand the business benefits as well as the risks of Social Networks. It was common for IT executives to put blocks on staff accessing social network sites, as social networking was considered a distraction or fad that would soon move on.
However, the success of Social Networks in recruitment and retention processes, unique capabilities for Marketing in a buzz generation around new products and Triumph of Social Networks during US Presidential Campaign, where Peresident Obama has gained more than 5 million supporters in social networks has led to realising by IT leaders that social networking is an important factor in attracting and retaining the best talent as well as powerful tool for marketing.
This month, the Corporate IT Forum held a workshop session in which IT chiefs from more than 30 large businesses considered the benefits and risks of social networking. Without exception, all of the businesses were serious about understanding more about the technology. And not just about whether their peers were allowing access to such sites (or not) but rather why and how other businesses were actively adopting social networking tools.
Seems like IT chiefs now start to see the benefits of such networks and realize that large proportions of their younger members of staff consider messaging over Twitter and Facebook to be as natural as dial on the phone. The CIO’s of one company taking part in the Forum described how his company had developed their own version of microblogging site Twitter to communicate corporate information inside the company and to encourage staff to share their ideas.
Another example came from an HR director taking part in the workshop explained how his company had created a Facebook page to attract graduates. The mini-site allowed existing members of staff to talk to candidates and gave HR the chance to check out the online profile of candidates applying for a job. After they were hired, the new starters were able to help and support each other via an internal social networking site.
Those examples show that Social networking is becoming more essential for the business, but along with the benefits come risks CIO’s concerned about. One of them is Misusing of social networking sites – the newspaper headlines often talk about staff making unfortunate comments about customers on Facebook groups and when that happens, the CIO, HR and PR directors all get the call to sort it out. CEO’s realize that there is practically nothing they can do to control a member of staff networking in their own time on their own computer. And any rules and regulations are completely powerless there, while education and guidance are important.
Executives need to understand that Social Networks are here to stay and going to be more essential for the businesses during the recession, and then to understand what are the challenges and opportunities of social networks, and what should be done to ensure that risks are reduced and benefits are realized.


































