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Last Modified 12/12/2013 12:27 PM Eastern Standard Time
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The Five Stages
of Social Media
Acceptance
Social Marketing for Professional
Services Forum

Discussion document
Dec. 10, 2013
CONFIDENTIAL AND PROPRIETARY
Any use of this material without specific permission of
McKinsey & Company is strictly prohibited
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

1. Confusion
2. Fear

4. Betrayal
5. Acceptance
McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 1

Printed 12/9/2013 5:26 PM Eastern Standard Time

3. Interest
Stage 1: Confusion

OK, and …

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”

McKinsey & Company | 2
Stage 2: Fear

OK, and …

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”

McKinsey & Company | 3
It’s an uphill battle
Last Modified 12/12/2013 12:27 PM Eastern Standard Time
Printed 12/9/2013 5:26 PM Eastern Standard Time

Reasons not to

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

Reasons to

@McK_MktgSales

McKinsey & Company | 4
Stage 3: Interest

OK, and …

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”

McKinsey & Company | 5
Time for small experiments
Last Modified 12/12/2013 12:27 PM Eastern Standard Time
Printed 12/9/2013 5:26 PM Eastern Standard Time

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 6
The problem is …
Last Modified 12/12/2013 12:27 PM Eastern Standard Time
Printed 12/9/2013 5:26 PM Eastern Standard Time

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 7
Stage 4: Betrayal

OK, and …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 8

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”
Social media + content
Last Modified 12/12/2013 12:27 PM Eastern Standard Time
Printed 12/9/2013 5:26 PM Eastern Standard Time

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 9
Mindset change
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

I tweet
therefore I am

Printed 12/9/2013 5:26 PM Eastern Standard Time

I publish therefore
I tweet

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 10
Content is not king
Last Modified 12/12/2013 12:27 PM Eastern Standard Time
Printed 12/9/2013 5:26 PM Eastern Standard Time

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 11
Content is queen

Perfect hostess

Into relationships

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 12

Printed 12/9/2013 5:26 PM Eastern Standard Time

Good at sharing

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Good listener
EXAMPLE

Social media is part of a campaign
Speak at leading
forums

▪
▪

External conferences
McKinsey-hosted events
across sector

▪
▪
▪
▪

Web site
Slideshare
YouTube
Pinterest

▪
▪

Internal dissemination

▪
▪
▪

▪
▪

Email
Knowledge request
Broad outreach

Media outreach

▪
▪
Social media

Preview with clients
Client workshop

▪

Business press
Select M&S trade and
management journals
Key influencers

Cross tweet article
Reference on blog channels,
e.g., LinkedIn

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 13

Printed 12/9/2013 5:26 PM Eastern Standard Time

Client/ele, influencers
Alumni

Post to McKinsey
properties

▪
▪
▪
▪

Client outreach

Publish,
Disseminate,
Speak

Host webinars

▪
▪

HBR
Economist
Fast Company
Forbes

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Publish externally
Stage 5: Acceptance (begrudging)

OK, and …

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”

McKinsey & Company | 14
Move to professionalism
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Leadership

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

Metrics

@McK_MktgSales

Budget

McKinsey & Company | 15

Printed 12/9/2013 5:26 PM Eastern Standard Time

Risk
Measure what matters
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 16

Printed 12/9/2013 5:26 PM Eastern Standard Time

Not everything that counts can be
counted, and not everything that
can be counted counts.
Albert Einstein
Measure what matters
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Jerry Maguire metrics
“Show me the money”

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 17

Printed 12/9/2013 5:26 PM Eastern Standard Time

Sally Field metrics
“You like me”
Stage 5: Acceptance (enthusiastic)

OK, and …

Let’s see
No thanks
What the?
No way

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 18

Printed 12/9/2013 5:26 PM Eastern Standard Time

OK, but …

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Corporate
“Comfortometer”
Titans of industry are people too

Be human

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 19

Printed 12/9/2013 5:26 PM Eastern Standard Time

Talk like a human

Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Be relevant
Barr Seitz
Last Modified 12/12/2013 12:27 PM Eastern Standard Time

Barr_Seitz@mckinsey.com
@barrseitz

McKinseyonMarketingandSales.com

www.youtube.com/McKinseyCMSOforum

@McK_MktgSales

http://www.slideshare.net/McK_CMSOForum

McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com |

@McK_MktgSales

McKinsey & Company | 20

Printed 12/9/2013 5:26 PM Eastern Standard Time

WWW

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Social media: The 5 stages to acceptance - BDI 12/10/13 Social Media Marketing for Financial Services Leadership Forum

  • 1. WORKING DRAFT Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time The Five Stages of Social Media Acceptance Social Marketing for Professional Services Forum Discussion document Dec. 10, 2013 CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of McKinsey & Company is strictly prohibited
  • 2. Last Modified 12/12/2013 12:27 PM Eastern Standard Time 1. Confusion 2. Fear 4. Betrayal 5. Acceptance McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 1 Printed 12/9/2013 5:26 PM Eastern Standard Time 3. Interest
  • 3. Stage 1: Confusion OK, and … Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer” McKinsey & Company | 2
  • 4. Stage 2: Fear OK, and … Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer” McKinsey & Company | 3
  • 5. It’s an uphill battle Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time Reasons not to McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | Reasons to @McK_MktgSales McKinsey & Company | 4
  • 6. Stage 3: Interest OK, and … Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer” McKinsey & Company | 5
  • 7. Time for small experiments Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 6
  • 8. The problem is … Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 7
  • 9. Stage 4: Betrayal OK, and … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 8 Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer”
  • 10. Social media + content Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 9
  • 11. Mindset change Last Modified 12/12/2013 12:27 PM Eastern Standard Time I tweet therefore I am Printed 12/9/2013 5:26 PM Eastern Standard Time I publish therefore I tweet McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 10
  • 12. Content is not king Last Modified 12/12/2013 12:27 PM Eastern Standard Time Printed 12/9/2013 5:26 PM Eastern Standard Time McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 11
  • 13. Content is queen Perfect hostess Into relationships McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 12 Printed 12/9/2013 5:26 PM Eastern Standard Time Good at sharing Last Modified 12/12/2013 12:27 PM Eastern Standard Time Good listener
  • 14. EXAMPLE Social media is part of a campaign Speak at leading forums ▪ ▪ External conferences McKinsey-hosted events across sector ▪ ▪ ▪ ▪ Web site Slideshare YouTube Pinterest ▪ ▪ Internal dissemination ▪ ▪ ▪ ▪ ▪ Email Knowledge request Broad outreach Media outreach ▪ ▪ Social media Preview with clients Client workshop ▪ Business press Select M&S trade and management journals Key influencers Cross tweet article Reference on blog channels, e.g., LinkedIn McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 13 Printed 12/9/2013 5:26 PM Eastern Standard Time Client/ele, influencers Alumni Post to McKinsey properties ▪ ▪ ▪ ▪ Client outreach Publish, Disseminate, Speak Host webinars ▪ ▪ HBR Economist Fast Company Forbes Last Modified 12/12/2013 12:27 PM Eastern Standard Time Publish externally
  • 15. Stage 5: Acceptance (begrudging) OK, and … Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer” McKinsey & Company | 14
  • 16. Move to professionalism Last Modified 12/12/2013 12:27 PM Eastern Standard Time Leadership McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | Metrics @McK_MktgSales Budget McKinsey & Company | 15 Printed 12/9/2013 5:26 PM Eastern Standard Time Risk
  • 17. Measure what matters Last Modified 12/12/2013 12:27 PM Eastern Standard Time McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 16 Printed 12/9/2013 5:26 PM Eastern Standard Time Not everything that counts can be counted, and not everything that can be counted counts. Albert Einstein
  • 18. Measure what matters Last Modified 12/12/2013 12:27 PM Eastern Standard Time Jerry Maguire metrics “Show me the money” McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 17 Printed 12/9/2013 5:26 PM Eastern Standard Time Sally Field metrics “You like me”
  • 19. Stage 5: Acceptance (enthusiastic) OK, and … Let’s see No thanks What the? No way McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 18 Printed 12/9/2013 5:26 PM Eastern Standard Time OK, but … Last Modified 12/12/2013 12:27 PM Eastern Standard Time Corporate “Comfortometer”
  • 20. Titans of industry are people too Be human McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 19 Printed 12/9/2013 5:26 PM Eastern Standard Time Talk like a human Last Modified 12/12/2013 12:27 PM Eastern Standard Time Be relevant
  • 21. Barr Seitz Last Modified 12/12/2013 12:27 PM Eastern Standard Time Barr_Seitz@mckinsey.com @barrseitz McKinseyonMarketingandSales.com www.youtube.com/McKinseyCMSOforum @McK_MktgSales http://www.slideshare.net/McK_CMSOForum McKinsey on Marketing & Sales: www.McKinseyonMarketingandSales.com | @McK_MktgSales McKinsey & Company | 20 Printed 12/9/2013 5:26 PM Eastern Standard Time WWW