August 22, 2012
News & Opinion: The Impact Equation
Despite being a touch nebulous-sounding, the title actually delivers exactly what it says: an equation to help determine the impact you have in the public realms. It's very simple:
Impact = C x (R+E+A+T+E).
The acronym aside, this 'equation' is beautiful because it simplifies the challenge. Achieving a meaningful presence is so often this confusing, nuanced carrot-on-string game. The equation is obviously not actual mathematics—you have to assign what end up being subjective values to each of the six categories: contrast, reach, exposure, articulation, trust, and echo. The equation simply helps to demonstrate the relationship between these six categories and to quantify (relatively) the overall impact that you or your business is achieving.
The book goes through these six key areas of measurement one by one, with each area falling under one of three larger categories: ideas, platforms, and networks. Each of the six areas are explored in different depths. The authors lead with contrast, which falls under ideas. This is the big one. Contrast is exactly what it sounds like (I'm assuming you know what the word means). The value of all other parts of the equation hinge upon the value of your idea's contrast, or how distinctly your idea stands apart from the rest. Does it stand out from its peers? Creating an idea with contrast is the right start to success. Alternately, a generic idea that looks like the rest will be off to a slow start, requiring more from the other areas of measurement.
Despite the asserted global application of the equation (there is a small sub-section subtitled "Why This Book Isn't About Facebook"), the best and most frequent examples provided here are ones that use the common social platforms that have (for the present, at least) become part of every marketer's box of essential tools: Facebook, Twitter, et. al. But to be fair, the book has broader application.
To head off the whole "This is a book about social media" perception that readers might have, the authors lead with this:
The Impact Equation is actually about getting a larger audience to see and act upon your ideas and learning how to build a community around that experience to take it all to an even higher level.
And this an accurate statement. Even though the easiest way to visualize or realize this book might be in terms of today's most popular social channels, Brogan and Smith use simple, clear language to spell out advice that could be applied to any business, regardless of that business' social media presence. Impact is everywhere, and I have a feeling that the best advice on how to create impact is not going to be relegated to one channel or platform.
Michael Jantz oversees “special projects,” a task that corrals any number of imaginable alterations and re-imaginings of the umpteen books 800-CEO-READ so gracefully sells day after day. But never content with the appellations of the common workplace, Michael also now enjoys exploring other avenues of 800-CEO-READ’s enterprise, including reading, writing, design, and lively conversations with those writers whose books the company sells. It is a happy time for Michael, whose love of books and good company has found 800-CEO-READ's office and philosophy to be like nutrient-rich compost to his hungry, burrowing roots.