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The State and Future of Social Media Shel Holtz, ABC
Everyone is social
 
Business is engaging
Let’s stop calling it “social” media After all, all media are social
The state of social media is…
We can’t agree on… ,[object Object],[object Object],[object Object]
We haven’t figured out… ,[object Object],[object Object],[object Object]
82% of brand managers are using social media 54% of companies block employee access 10% of companies have employee policies
Bad news for old methods 95% don’t trust advertising ($426 billion wasted) 92% don’t trust what companies say about themselves 91% don’t trust companies to act in their best interests
However… 33% of social media users believe companies are interested in them 93% of social media users believe organizations should have a presence 85% want organizations to interact with customers using social media 78% believe word of mouth from “similar others”
-- McKinsey & Company
The end of an era
 
However… 58% believe companies aren’t engaged because of lack of leadership support
The right conversations? ,[object Object],[object Object],¾ of Americans unhappy with how companies are engaging them on business issues. ,[object Object],[object Object],[object Object],[object Object]
Relationships vs. weak ties
 
 
Unprepared
 
 
 
Social media everywhere
 
 
 
 
 
 
 
Mobile
 
Employees engaged in Social CRM
The “rationale” for blocking ,[object Object],[object Object],[object Object],[object Object]
The Case for Open Access
Social CRM Customer Service Reps Process-centric Contact management Community management Period engagement Sustained engagement Simple transactions Complex relationships All employees engaged Conversation-centric
 
 
 
Mining employees’ social graphs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Faster, more coordinated activism
 
 
The real-time web & redefining “news”
 
 
 
Transparency
 
 
Advertising drives social
 
 
More engagement
New social technologies ,[object Object],[object Object]
 
Copyright applies to this document – some rights reserved. This work is licensed under a Creative Commons Attribution-non commercial-share alike 3.0 license http://creativecommons.org/licenses/by-nc-sa/3.0 Questions? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Shel Holtz