I sometimes wish that Thought Leadership were called something else. First the phrase smacks of business jargon, and second, I don’t like having to explain it to half the people who ask us what we do.
Third, it’s easy to poke fun at. Whether or not a particular piece of content is thought leadership, or a person or a firm is a thought leader, is something that the market decides. Thought Leader is not a title you can anoint yourself with (until you are one, and then you don’t need to). This leads to comments like those in a recent Economist article where they called the phrase, as applied to consulting firms’ own marketing materials, annoying and boastful. (The author was apparently oblivious to the Economist’s own website boasting of its thought leadership prowess).
But there isn’t a better phrase for it. For instance, content marketing encompasses things which aren’t thought-leading and, and custom publishing usually produces content that is exclusively not thought-leading.
Thought leadership content is distinct from other content. Those of us who spend our working lives producing it, studying what is effective, and discussing with executives what they value in it, know what it is. We can debate an exact definition, but a good enough working one (for the commercial world) is “Material that explains or illustrates a complex business problem or opportunity, and how one might address it.” There are several essential quality hurdles that it must satisfy in order to be effective, one of which is that it says something that no-one else has said before. That is, it is insightful.
Anything less is not thought leadership, and if it purports to be so, deserves ridicule. But material which does meet the standard is distinct, valuable, and deserves to have a name.
Which, until someone thinks of anything better, will probably be thought leadership.
Tim, I read the Economist
Tim,
I read the Economist article you mentioned on a recent flight and had a good laugh, as I'm sure the writer of the article did.
Our firm provides knowledge and information management guidance on the consulting side and builts intranets on the software side. One of the goals of internal knowledge management and organizational learning is to help firms to become thought leaders.
I was told at a recent idustry event by a couple "thought leaders" I trust that knowledge management and intranet were dated terms and that I should brand our firm as doing something else.
Like what exactly? And why should I?
When I say we build intranets, people know what I am talking about. When I say we provide knowledge management consulting services, they get it. We we invite thought leaders to speak at our conference, there is no confusion what kind of people we are tallking about.
Shared vocabulary around these terms are powerful tools for understanding and they are here to stay.
Kind of like the term "social media." ;)
Best,
Chris
Post new comment