I came across a set of new videos on Seth Godin’s blog.¹ One of the videos, on using social networking sites for business, was particularly interesting.

With typical clarity Godin cuts straight to the heart of the matter: any networking should be about making genuine actionable connections with people. It’s the quality and depth of the relationships within a network, rather than the size of it, that makes difference in business performance.

But in the same breath B2B social networking shouldn’t be dismissed out of hand since it depends on how a business’s social networking is managed. The central issue is whether or not there’s an online networking strategy in place that can benefit the business in concrete terms. How are you measuring networking success? Do the connections you make online further your overall business objectives? Are there methods in place to leverage the fleeting contact and attention gained by initial contact through an online social network? Is your business’s social networking selective and targeted? Is there some way you can add value to the interactions you and a potential partner have online?

When someone reads your business’s profile or interacts with your content their attention, for a few moments only, is totally focused on your company’s space. It’s up to each business to figure out the best way of maximising the potential of that contact. It’s not a question of whether or not it’s possible to build an online network. Rather, it’s a question of whether or not your business has the framework in place to utilise that network in the best possible way.

1. Retrieved August 5, 2009 http://sethgodin.typepad.com/seths_blog/2009/07/four-videos-about-noise-social-and-decency.html [↩]

Blogging about the need for innovation during the financial crisis reminded me of an inspiring Juan Enrique TED presentation¹ made earlier this year.

In the first 7 minutes Mr Enrique succinctly, and often hilariously, summarises the current financial downturn. Some of the causes and consequences of the recession are discussed and possible short-term solutions to the crisis are outlined. In the latter part of the talk Mr Enrique, a leading tech and economics expert,² presents a fascinating insight into how innovative technologies could solve our global economic problems and radically alter how we work and live.

1. Retrieved July 28, http://www.youtube.com/watch?v=JNcLKbJs3xk [↩]
2. Retrieved July 28, 2009 http://www.biotechonomy.com/juan.htm [↩]

I just found out recently that the US Debt Clock has gone digital¹. Now we can all watch the US economy haemorrhage in real time. And in case you’re wondering, US debt stands at about $11 trillion as of today.

Late last year the real world US Debt Clock was shut down. The reason? In the decade since the Clock was first launched the US has racked up over $10 trillion in debt. Ten. Trillion. That’s a whole lot of zeros. So many in fact that the Clock didn’t have enough digits to cope and had to be switched off.

The Clock was first launched in 1989 by real estate developer Seymour Durst and apart from a short period from 2000 to 2002 had seen the US debt climb from around $3 trillion to a whopping $10 trillion in 2008².

The accuracy of the Clock is debatable, US debt actually exceeded 10 trillion in 2006³.  The real strength of the Debt Clock lay in what it symbolised. A stark reminder of the state of the US’s finances it received particular media attention during times of economic turmoil. For myself, the Debt Clock was one of the most interesting sights to see in New York. Set in the heart of Manhattan it contrasted powerfully with the commercial grandeur of Time’s Square. To this day I’m convinced Mr Durst, the Clock’s creator, would have made a fine political satirist had he not gone into real estate.

Of course where the US goes the UK is bound to follow: when  it  comes to the epic national debt premier league we come in a close second⁴, far ahead of France, our closest competition in debt.

1. Retrieved July 23, 2009 http://www.usdebtclock.org/ [↩]
2. Retrieved July 23, 2009 http://en.wikipedia.org/wiki/Debt_clock [↩]
3. Retrieved July 23, 2009 http://www.huffingtonpost.com/john-tepper-marlin/the-us-10trilliondollar-d_b_67196.html [↩]
4. Retrieved July 23, 2009 https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html?countryName=United%20Kingdom&countryCode=uk&regionCode=eu#uk [↩]