Search Captions & Ask AI

The Value of Schmoozing

October 22, 2014 / 10:49

This episode discusses the impact of enterprise social media on work outcomes, featuring research on information diversity and social communication. The guest explains how enterprise social media adoption has increased from 28 percent in 2009 to 53 percent in 2012, highlighting its effects on employee performance and collaboration.

The guest emphasizes that information diversity is correlated with higher billable revenue, while social communication significantly predicts job security during economic downturns, such as the 2009 recession. The findings suggest that social interactions can be more influential than objective performance metrics in determining layoffs.

Additionally, the guest discusses the implications of Marissa Mayer's decision to require employees to work in the office, arguing that face-to-face interactions may enhance social communication and job security. The conversation also touches on the potential downsides of enterprise social media, including a digital divide among workers.

The research aims to provide valuable insights for firms adopting enterprise social media, stressing the importance of understanding its effects on employee dynamics and productivity.

TL;DR

Enterprise social media impacts work outcomes, with social communication influencing job security more than performance metrics.

Episode

10:49
00:00:05
so what i study is to understand how
00:00:07
enterprise social media affect various
00:00:09
type of work outcomes
00:00:11
the way the reason i'm studying
00:00:13
enterprise social media is that there's
00:00:14
actually been uptick in adoption
00:00:16
in recent years i think in 2009 mckinsey
00:00:19
report came out only 28 percent of firms
00:00:21
has used some type of social networking
00:00:24
tools but by 2012
00:00:26
that has gone up to 53 percent so we are
00:00:29
familiar with consumer-facing social
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media such as
00:00:32
twitter facebook there are lots of
00:00:34
studies lots of startups or
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industry activities around this
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consumer-facing social media
00:00:39
but how enterprise social media affects
00:00:41
performance affect firms
00:00:43
affected employees effect collaborations
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hasn't been examined
00:00:47
and that's what i'm trying to do to
00:00:48
understand how enterprise social media
00:00:50
enables network formation enables
00:00:53
information acquisition
00:00:54
and how these intermediate benefits
00:00:56
ultimately affect
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various work outcomes such as your
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billable revenue or
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your probability being laid off next
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cycle
00:01:06
so information diversity and social
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communication are two factors i'm
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looking at in this research
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and i found that both have an impact on
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your work outcomes
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just affect them differently for example
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information diversity
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measures how much information or how or
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how diverse
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your information is and i'm measuring
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this through in machine learning
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techniques
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looking at your email chats and calendar
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events basically all your
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electronic communications and we found
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that information diversity
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is strongly correlated with your
00:01:35
billable revenue
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and the more information you have the
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more likely you're you're you're able to
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build
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it makes sense in a sense like the more
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influence you have you're a better
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worker and you're better
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able to solve your client's problem
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interestingly we found that
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a particular topic called social
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communication
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does not have a direct impact on your
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billable revenue
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but has a tremendous impact on whether
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you get whether you got laid off
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in the 2009 recession when you have
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social commission have the words such as
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coffee lunch dinner football baseball
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these social words
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the more words you have in your
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communication the less likely
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they are to be laid off and in fact
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that's the most significant predictor
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above and beyond your objective
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performance measures in predicting
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whether you're laid off
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i think the social communication one is
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surprising
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because i thought i i deliberately
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picked industry where you can measure
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your value to the firm very clearly like
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in the end you know how much you bring
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how much money you bring to the firm
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should be the ultimate value i would
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thought all the other stuff should have
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maybe have a bit of
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predictive power but in fact that what i
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found is that social communication has
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bigger power than your objective
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performance
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in predicting what they got laid off in
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the 2009 recession
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i think that's that was really
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surprising to me but i'm not saying that
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people should
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necessarily just stop working and show
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their community should communicate all
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the time
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but i'm surprised i'm thinking that
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there's a perhaps there's some kind of
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intention
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intended value that people should
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communicate can provide
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that we don't see perhaps this person is
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a really good team player i just really
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enjoy working with this person
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maybe that makes him maybe he did not
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build directly
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but he enabled his co-workers or his
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colleagues to do better job
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perhaps that's one reason or you can
00:03:27
think of the traditional and old boys
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club
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where you know people who are tend to
00:03:32
schmooze a lot get better but you know i
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don't know which one's which
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but uh you know but that's really
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surprising to me
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i guess importantly well obviously you
00:03:44
want to do a good job
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you know getting lots of information on
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time is very important
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and your social network plays a really
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key role in helping you get the
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information
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and the stuff by social networks also
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helps you to you know
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i guess smooth the relationship around
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you perhaps you shouldn't just you know
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be the dilbert in the office
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always just work and code and do what do
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we need to do
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it actually pays perhaps to you know get
00:04:09
to know your co-workers to understand
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what's going on
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at workforce and those kind of
00:04:14
intangible benefits through social
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communication can be very valuable to
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workers
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and for managers you know again
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maybe you maybe as i think whether
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social communication is a positive
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negative
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in your workforce i think manager has a
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particularly uh
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better ins a particular better insight
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than anyone else maybe
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social communication is really a
00:04:35
lubricant makes the team collaboration
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better then you should you should foster
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that but if social communication really
00:04:43
is about political
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backstabbing or boys club maybe you
00:04:46
should you know try to stem that from
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happening
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i think it's becoming aware that social
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media
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in particular enterprise social media
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can have productivity effect
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is very important and in particular
00:05:02
what was important as firms started
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adopting enterprise social media at that
00:05:07
workplace
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i think before you before anyone is
00:05:10
starting to do that
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i think it's really important to
00:05:12
understand potential implications
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for our workforce what is the mechanisms
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going on what
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enables your workers or employees to do
00:05:20
better job
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and before knowing that's what's
00:05:23
happening you may actually experience
00:05:24
some unexpected consequences of adopting
00:05:26
center by social media
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so although i'm studying consultants but
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i think this type of work can generally
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applicable to all kinds of information
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workers
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including lawyers consultants scientists
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any kind of information related worker
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would be you know
00:05:46
we find this research very valuable but
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i think as enterprise social media is
00:05:50
becoming more prominent
00:05:51
any firms are trying to adopt this type
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of technology will find this very
00:05:55
interesting as well
00:06:00
i think the closest one perhaps marissa
00:06:02
meyer's decision to
00:06:04
ask all the workers to show up instead
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of working remotely
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i think a lot of people there's a lot of
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backlash against that particular
00:06:11
policy especially for working moms i'm
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actually
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i'm working on myself and but i actually
00:06:17
think there's some merits
00:06:18
in that as well but for the workers if
00:06:21
you think social
00:06:22
communication is really going to be such
00:06:24
an important
00:06:25
predictor in your career outcomes or
00:06:27
career trajectories
00:06:28
perhaps it pays to show up and to
00:06:31
lubricate this
00:06:32
social communication around you and to
00:06:34
understand each other to understand your
00:06:36
colleagues who know what's going on
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because a lot of
00:06:38
information or especially intangible
00:06:40
information are passed down
00:06:41
through water cooler conversations and
00:06:44
with that but if you're working at home
00:06:46
all the time without having that access
00:06:48
perhaps you actually you're actually
00:06:50
doing your own
00:06:51
you know you're actually worse off as a
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result if you're kept
00:06:55
doing that so i think marissa has a
00:06:57
point but whether
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we should enforce 100 percent i think it
00:07:01
depends on the setting depends on the
00:07:02
firm
00:07:03
was it was what was needed and uh
00:07:06
perhaps marisa made it the right
00:07:07
decision i don't know it means actually
00:07:09
yahoo
00:07:13
well i guess it depends on the person
00:07:17
again
00:07:17
right this perception again depends on
00:07:19
who you're talking to
00:07:21
perhaps for a consultant this may be may
00:07:23
not be as surprising i don't know
00:07:25
but for someone you know for like me or
00:07:28
anybody who's in the
00:07:29
in the industry at least in america we
00:07:32
think of meritocracy
00:07:33
right we think that meritocracy is
00:07:35
ultimately what gets us
00:07:36
you know promoted we got we were
00:07:38
rewarded for you know
00:07:41
for doing our job well but the fact that
00:07:43
we the fact this is
00:07:44
this research i've shown that social
00:07:46
communication matters it's interesting
00:07:48
takeaway in the sense that not only
00:07:50
should you do your job well
00:07:51
but you also have you also should worry
00:07:53
about some other
00:07:54
intangible communication or other stuff
00:07:57
you have to do at work it makes us more
00:07:59
likely that you will be do
00:08:00
you'll be you know keeping your job
00:08:02
getting promoted or
00:08:03
improve your career outcomes
00:08:09
i think enterprise social media in
00:08:12
general hasn't been studied much
00:08:14
we see a lot of again facebook and
00:08:16
twitter social media that's consumer
00:08:18
facing
00:08:19
and what's unique about this research is
00:08:21
that i have the
00:08:23
real social network of employees
00:08:26
because if you think about your
00:08:27
communication electronic communication
00:08:29
channels including your
00:08:31
calendar events that capture some of the
00:08:32
meetings facebook facebook
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basically encounters these are all real
00:08:37
communication that your real network at
00:08:40
work
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and to capture that precisely to
00:08:44
understand the intermediate outcome
00:08:46
that networks can produce is something
00:08:48
that hasn't been done before
00:08:54
so i'm actually in the process of
00:08:56
finishing another project related to
00:08:57
this
00:08:58
and where we found a emergence of a
00:09:00
network biased technical change
00:09:03
in instance as a social media is being
00:09:05
adopted at work
00:09:06
we actually see a you know digital
00:09:08
divide among workers
00:09:10
so you think that perhaps social media
00:09:12
enable people to find
00:09:14
each other more easily and may therefore
00:09:16
we raise some of the barriers that we
00:09:18
have in
00:09:19
connecting to other people at work and
00:09:21
perhaps the dilbert of the world would
00:09:23
be better off
00:09:24
because now he has to use social media
00:09:26
to find the people he needs to find
00:09:28
but in fact what i found is actually a
00:09:29
little disco disconcerting the sense
00:09:31
that
00:09:32
dilbert are becoming worse off as social
00:09:33
media becomes more available
00:09:36
if you think about it if you were making
00:09:38
connection you need to find a person you
00:09:40
wanted to connect but you also need to
00:09:41
persuade that person to become connected
00:09:44
to you
00:09:45
so as a search cost have become erased
00:09:48
because of social media this conversion
00:09:50
cost of
00:09:51
you know making the person become your
00:09:52
friends is even becoming more prominent
00:09:55
as a result if you have a lot of
00:09:57
political i mean social capital before
00:09:59
you are even better off because you have
00:10:01
the power to make that person
00:10:03
be connected to you whereas if you don't
00:10:05
have that power even you found the
00:10:06
person you defined
00:10:08
they may not choose to connect with you
00:10:10
and then you're actually worse off
00:10:11
so in a sense we actually do see a rich
00:10:13
get richer and poorer get poorer
00:10:15
phenomenon with enterprise social media
00:10:17
and i think that's again some unexpected
00:10:19
consequences
00:10:20
that firms should should try to
00:10:22
understand before they adopt these type
00:10:24
of
00:10:30
technologies
00:10:48
you

Episode Highlights

  • The Impact of Social Communication
    Social communication significantly predicts job security, even more than objective performance measures.
    “Social communication has bigger power than your objective performance.”
    @ 02m 46s
    October 22, 2014
  • Importance of Workplace Relationships
    Building relationships at work can enhance career outcomes and job security.
    “It pays to know your co-workers and understand what's going on.”
    @ 04m 09s
    October 22, 2014
  • Digital Divide in Social Media
    Enterprise social media may exacerbate inequalities, benefiting those with existing social capital.
    “The rich get richer and the poor get poorer with enterprise social media.”
    @ 10m 15s
    October 22, 2014

Episode Quotes

  • Social communication has bigger power than your objective performance.
    The Value of Schmoozing
  • It pays to know your co-workers and understand what's going on.
    The Value of Schmoozing
  • The rich get richer and the poor get poorer with enterprise social media.
    The Value of Schmoozing

Key Moments

  • Social Communication Impact02:46
  • Workplace Relationships04:09
  • Digital Divide10:15

Words per Minute Over Time

Vibes Breakdown

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