When you boil it down it’s about listening to your customers, being helpful by offering your knowledge and giving them interesting content to share and thereby advocate for you.
The failures Amy wries about are really a lack of preparedness and commitment to the process. But I’d also like to add this: A big question a company needs to ask before implementing a social media strategy is how do their core audience (aka customers) use social media, if at all? This may seem like an obvious question to ask but I think part of the reasons for the failure many organizations experience is a lack of this understanding. If your customers don’t read blogs, there’s no point in setting one up on your site to engage them in dialogue. Ditto for Twitter, Facebook and other social tools out