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ENERGISE2-0.COM




Social Media:
Strategy and
Management
 Dr Jim Hamill
 www.energise2-0.com
 www.twitter.com/drjimhamill

 May, 2012
Course Overview

• The Social Media Revolution……
• Key issues involved in developing, implementing and
  proactively managing an effective social media strategy for
  building sustained customer and competitive advantage
• A simplified Balanced Scorecard approach will be used to
  ensure that social media actions and initiatives are fully
  aligned with and supportive of core business goals and
  objectives
• A key focus will be the use of agreed KPIs and targets to
  measure on-going social media performance and business
  impact


                                                         ENERGISE2-0.COM
Learning Outcomes

Subject specific knowledge and skills:
•Opportunities and threats presented by the Social Media Revolution
•Key issues involved in developing an effective Social Media Strategy
•Steps involved in successful strategy implementation and
management
•Key social media success factors
•Balanced Scorecard approach to measuring social media performance
and business impact
•Organisation, people and resource issues critical to social media
success
•Practical case examples of social media in action
•Importance of becoming a ‘social business’

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Learning Outcomes

Cognitive abilities and non-subject specific skills:
•Undertake a social media landscape analysis for your organisation
•Set up a Social Media Listening System
•Develop an agreed Social Media Strategy for your organisation
•Agree the core business objectives, goals and targets to be achieved
•Identify the key social media actions and initiatives to be
implemented and an ‘Action Plan’ for getting there
•Agree the Key Performance Indicators (KPIs), metrics and analytics to
be used in measuring social media performance, business impact and
ROI
•Ensure that all key success factors have been considered
•Gained experience in participating in an online mutual support and e-
learning community
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Teaching and Learning Methods

The four main teaching and learning methods used in the class
will be:

•Lectures and related support material
•Open discussion and debate in class
•Group work in developing an agreed Social Media Strategy for
an organisation of your own choice
•Proactive participation in an online learning community set up
to support the class




                                                         ENERGISE2-0.COM
Questions

  If you have any questions, don’t bother
asking because I don’t really care if you have
any questions, what your opinion is or what
you think. If you ask a question I will ignore
                     you
  How many companies treat their
        customers that way?
  How ‘social’ is your organisation?
                                        ENERGISE2-0.COM
A conversation
not a broadcast
presentation




                  ENERGISE2-0.COM
Assignment


• The assessment for this class will be a group assignment
  involving a class presentation and preparation of a Social
  Media Strategy Document for an organisation of the group’s
  own choice (Word limit: 3,000 words)

• Students failing to pass the assignment with a mark of 50% or
  more will be required to resubmit




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Agenda

• Understanding the Basics - The Social Media Revolution;
  Social Media in Action – Examples; Key Things to Remember
  about Social Media; Social Media Listening System


• ‘Getting There’ – Social Media Planning Pays
   – Social Media Strategy Development
   – Implementation
   – Performance Measurement and Business Impact


• From Social Media to Social Business

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Timetable


• Monday/Tuesday
  – ‘Lecture’ and class discussion

• Thursday
   – Group presentations



                                     ENERGISE2-0.COM
Assignment/Group Work

Groups of 4/5 students

Taking an organisation of
your own choice, evaluate the progress
made in adopting social media.
Your evaluation should cover use of social media
on the organisation’s own web site and the extent of their
involvement in external social media sites.

Make strategic recommendations for improvement


                                                     ENERGISE2-0.COM
Continue the conversation at

   www.energise2-0.com




                               ENERGISE2-0.COM
www.energise2-0.com




                      ENERGISE2-0.COM
Let’s start with a
few questions?




                     ENERGISE2-0.COM
Social Media: The State of Play

Where are we in our use of
social media?

What progress has been
made?

                             Where are we going?




                                         ENERGISE2-0.COM
What road are we on?




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Our View on Progress Made

Interest and enthusiasm has grown rapidly

Channels are being set up

But lack of strategic planning leads to
problems down the line - resourcing,
content, customers, performance
measurement, business impact and ROI


A broadcast mentality prevails…….

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Is there something fundamentally
    wrong with our approach to
           Social Media?




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Something Wrong…..

Are we using social media as just another PR/marketing
  channel for broadcasting messages AT customers telling
  them how good we are?

Is anyone listening
anymore?

Have the rules of business
changed?


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Be Social




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Be ‘Customer Led’

Talking WITH rather than
AT your customers is the
core foundation of a
successful social media
strategy


The basis of a good
conversation is
to listen first

                                 ENERGISE2-0.COM
‘Social Media Planning Pays’




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The Social Media
   Revolution




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Web 2.0/Social Media


      An Overview

  »Applications
  »Features and Characteristics
  »Implications



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Business/Marketing 2.0
Impact – Wikibusiness                                                Web 2.0 Applications

Mindset                                                              Open source
Business Intelligence                                                Online Applications/ Web Services
Customer Insight and Understanding                                   Social/ Prof Network Sites
Customer Interaction                                                 Social Content – Social Bookmarking
Enhanced Customer Experience –                                       Blogs or Weblogs
       Rich Internet Applications                                    Wikis
Reputation Management                                                Podcasts/ Vodcasts
Sales and Marketing                                                  Virtual Realities
Product Development and R&D e.g.                                     Mash Ups
       engage and co-create                                          RSS Feeds
IT/Software/Applications                                             Mobile Web; Internet Telephony
Operations, Internal Processes and
                                     Characteristics                 Twitter
       HRM
                                     Communities and Networks
                                     Openness
                                     Sharing
                                     Peering
                                     Hosted Services – online
                                     applications; the Internet as
                                     the platform
                                     Interactivity
                                     Social Element
                                     Mass Collaboration
                                     Empowerment
                                     Global
Social Media in Plain English




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How important
has it become?



                 ENERGISE2-0.COM
The Social Media Revolution




                              ENERGISE2-0.COM
Potential Business Benefits
     of Social Media




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Business Benefits

• Market Knowledge

• Customer Insight and Understanding

• Customer Interaction

• Enhanced Customer Experience

• Business Intelligence

• Reputation Management
                                       ENERGISE2-0.COM
Business Benefits

• Improved Sales and Marketing

• Identify and network with high value, high growth prospects

• Product Development and R&D e.g. engage and co-create

• Internal cost savings

• Improved Operations and Internal Processes

• Increased ROI
                                                       ENERGISE2-0.COM
Potential Business Benefits

5 main areas:

•   Market/Customer Knowledge & Insight
•   Engagement & Reputation Management
•   Enhanced Customer Experience and Loyalty
•   Sales/Marketing Effectiveness, Efficiency and ROI
•   Operations/ Internal Processes (open source and hosted
    apps)




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Social Media in Action
   Quick Examples
        (General)




                         ENERGISE2-0.COM
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In a Web 2.0 Era, the Brand Becomes the
    Customer Experience of the Brand

     A quick ‘personal experience’

             Dubai Hotel
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From the web site

• This 5-star hotel and residence offers European hospitality with an
  unmistakable French touch. The hotel consists of 318 beautifully
  appointed guest rooms/suites, while the residence offers 112 fully
  furnished and equipped deluxe Studios and 1-3 bedroom
  apartments.

• The ultimate in comfort, we offer 318 luxuriously elegant rooms and
  suites.

• Take a trip. Escape. Go and visit somewhere new and see if we are
  there… Give in to that irresistible wanderlust. Discovering and
  staying in the most exceptional hotels in the world has become the
  modern-day Graal, a game, a quest…

                                                              ENERGISE2-0.COM
The Customer Experience
      of the Brand

      Tripadvisor



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From Tripadvisor

• It's getting old, the rooms are unappealing and it will never be more
  than a business hotel

• Being a Sofitel hotel we expected something quite 'flashy'
  unfortunately we were let down. The rooms, although comfortable
  and clean, were not of the standard we expected and were
  definately not what we expected after looking at the photos on the
  hotel's website.

• Booking my stay via the Sofitel website after a pleasant experience
  at several other Sofitel locations over the past 2 years with my new
  job I was looking forward to a 5 star luxury stay after a stressful
  business trip. My expectations were reasonable, however certainly
  not met by this hotel

                                                              ENERGISE2-0.COM
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United Breaks Guitars




                        ENERGISE2-0.COM
Crowdsourced NPD




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www.skittles.com




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The rules of the game have changed


The 5 key things to remember
     about Social Media


                              ENERGISE2-0.COM
1. It’s a Revolution

A fundamental and revolutionary change
in online behaviour, expectations and
the online customer experience.
The end of the ‘read only’ internet

Content generated by the network for
the network

We are no longer passive consumers of
content/brand messages



                                         ENERGISE2-0.COM
2. It’s Social

A conversation
not a broadcast
platform


Conversations are taking
place relevant to your
brand – are you listening?




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The Connected Consumer




                         ENERGISE2-0.COM
3. Power Shift

Social media empowers
customers, empowers the network




                       We no longer control the brand
                      The brand becomes the customer
                              experience of the brand –
                            experiences that are widely
                                          shared online
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4. Declining Effectiveness

Declining effectiveness of traditional
approaches to sales and marketing

Does anyone listen any more?

We are no longer passive sheep
waiting to be ‘driven’ to your web site

If you treat us like sheep, we will tell you
to ‘flock off’.



                                               ENERGISE2-0.COM
Do You Listen?




Source: The Future of Advertising, APA, 17/02/09 as published on Slideshare (
www.slideshare.com)                                                             ENERGISE2-0.COM
Do You Listen?




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5. The End of Business as Usual




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The End of Business as Usual




‘Winners’ will be those organisations who fully utilise
   the interactive power of Web 2.0 technology for
     engaging with and energising customer and
                 network relationships




                                                 ENERGISE2-0.COM
New Performance Measures

• Business success depends on the quality of your customer
  base; the strength of the relationship you have with quality
  customers; and your ability to leverage that relationship

• In a social media era, business success depends on the
   – Quality of your network
   – Relationship strength
   – Ability to leverage


                The 6Is Approach
                                                         ENERGISE2-0.COM
Performance Measurement
 Involvement – network/community numbers/quality, time spent,
  frequency, geography
 Interaction – actions they take – read, post, comment, reviews,
  recommendations
 Intimacy – affection or aversion to the brand ; community sentiments,
  opinions expressed etc
 Influence – advocacy, viral forwards, referrals and recommendations,
  social bookmarking

 Insight – customer insight
 Impact – business impact


    Social Media Monitoring Tools –Audit, Assess,
                       Impact
                                                              ENERGISE2-0.COM
The ‘6Is’ Approach




                     ENERGISE2-0.COM
Bob Dylan

          Come gather 'round people
                 Wherever you roam
                   And don’t criticise
          What you can't understand
       Your sons and your daughters
          Are beyond your command
                      Your old road is
                         Rapidly agin‘
     Then you better start swimmin’
            Or you'll sink like a stone
    For the times they are a-changin’
                               ENERGISE2-0.COM
A note on
Inbound Marketing




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Inbound Marketing

         Spread your content as widely
               as possible to get found

                   Pull people to your
                     web site, blog etc

               Flood your ‘funnel’ with
                               suspects

                  Analyse and Convert
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Inbound Marketing




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Inbound Marketing




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What’s wrong with this approach?




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Drowning in an Sea of Noise




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Our Response




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The Customer Manifesto

We are not sales suspects,
prospects or leads. We do not
want to be converted

We are no longer an ‘audience’
We are people. In fact,
‘We Are The People’

We are your customers and
we are King! Social media
empowers us. We control the
Information Age.
Welcome to our world, not yours!    ENERGISE2-0.COM
The Customer Manifesto

Don’t treat us like passive sheep
waiting to be driven to your web site or blog

Use social media to deliver exceptional
Customer Experiences

That way, we will become brand
advocates and ‘spread the word’ for you

Our network will listen more to us than you


                                                ENERGISE2-0.COM
We are the Children of the Revolution




                                    ENERGISE2-0.COM
‘Getting There’

Social Media Strategy
  Development and
  Implementation

                        ENERGISE2-0.COM
Practical Advice
and Next Steps to
Avoid the Road to
Nowhere



‘Social Media Planning Pays’


                               ENERGISE2-0.COM
‘Social Media Planning Pays’

Key Steps in Developing, Implementing and
 Managing a Successful Social Media Strategy




                                       ENERGISE2-0.COM
Social Media
Development Cycle




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SM Development Cycle




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Each Step is being covered in detail on our blog at
              www.energise2-0.com




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Five Key Areas


• External Analysis: Evaluate Your Social Media Landscape
• Internal Analysis: Evaluate Your ‘Readiness to Engage’
• Develop Your Social Media Strategy and Action Plans for
  ‘Getting There’
• Evaluate Your Social Media Performance and ROI
• Organization, People and Resource Issues




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Social Media Strategy
  and Action Plans




                        ENERGISE2-0.COM
Use a Simplified Balanced Scorecard

• Will ensure that the social media actions and initiatives you
  take are fully aligned with and supportive of your overall
  business goals and objectives; that KPIs are agreed for
  monitoring and evaluating social media performance,
  business impact and ROI; and all key success factors are
  considered, especially the organization, people and resource
  aspects critical to successful strategy implementation

• A Scorecard approach can also be very useful for internal and
  external communications – a simple framework to present
  social media goals, objectives, key actions and initiatives to
  colleagues, partners and other stakeholders
                                                         ENERGISE2-0.COM
Social Media Balanced Scorecard

• Not ‘paralysis by analysis’. By providing an agreed framework
  to follow, the Balanced Scorecard considerably speeds up
  strategy development and implementation

• The steps involved can be captured in a Social Media Strategy
  Map

• Five key questions to address……




                                                        ENERGISE2-0.COM
Social Media Balanced Scorecard


• What is the overall social media vision for your organization?

• What are the key objectives and targets to be achieved?

• Who are your customers?

• Key Actions and Initiatives

• Organisation, Resource and People Issues


                                                          ENERGISE2-0.COM
Social Media Strategy Map
              Brief statement of your overall 2.0/Social Media Vision and Mission

Strategic Objectives
                                        Strategic Objectives
      KPIs / Targets                                                            KPIs / Targets
                           KPIs / Targets                      KPIs / Targets

Customer Perspective

        Customer                Customer                    Customer             Customer
         Group 1                 Group 2                     Group 3              Group 4


Internal Management Perspective
  2.0/Social Media           2.0/Social Media              2.0/Social Media     2.0/Social Media
  Initiative 1               Initiative 2                  Initiative 3         Initiative 4
  - Objectives               - Objectives                  - Objectives         - Objectives
  - KPIs                     - KPIs                        - KPIs               - KPIs
  - Targets                  - Targets                     - Targets            - Targets
  - Actions                  - Actions                     - Actions            - Actions

Organisation Perspective
     Organisation                               Resource                          People




                                                                                   ENERGISE2-0.COM
Key Questions to Address

• What is the overall social media vision for your organisation?
• What are the key objectives and targets to be achieved from
  social media? Are these fully aligned with and supportive of
  your overall business goals and objectives?
• Who are your customers? Where do you find them ‘hanging
  out’ on social media? How can you best engage with them?
• What are the main Social Media Actions and Initiatives you
  need to take – short, medium and longer term?
• What generic social media strategy should you follow
  (number of channels used/ depth of engagement in each
  channel)?


                                                         ENERGISE2-0.COM
Key Questions to Address

• For each priority Social Media Channel, what are your core
  objectives for that channel; what KPIs will be used for
  measuring on-going channel performance; what are your
  targets for each KPI; what key tasks are needed to achieve
  these targets?
• Do we have the right organisational ‘culture’ and ‘mindset’ for
  Social Media? ‘Be social before doing social! Is the right
  organisational and decision-making structure in place?
• Has agreement been reached on resource allocation?
• Who will be responsible for your social media activities? What
  balance has been agreed between internal and external roles
  and responsibilities?

                                                         ENERGISE2-0.COM
Key Questions to Address


• Who is the Social Media Champion?
• Do you have agreed Social Media Policies and Guidelines in
  place covering ‘Proper Use’, ‘Content Management’,
  ‘Customer Response Times/Quality’ and ‘Legal’ aspects?
• Performance evaluation and business impact




                                                       ENERGISE2-0.COM
Potential Business Benefits
     of Social Media




                              ENERGISE2-0.COM
Business Benefits

• Market Knowledge

• Customer Insight and Understanding

• Customer Interaction

• Enhanced Customer Experience

• Business Intelligence

• Reputation Management
                                       ENERGISE2-0.COM
Business Benefits

• Improved Sales and Marketing

• Identify and network with high value, high growth prospects

• Product Development and R&D e.g. engage and co-create

• Internal cost savings

• Improved Operations and Internal Processes

• Increased ROI
                                                       ENERGISE2-0.COM
Potential Business Benefits

5 main areas:

•   Market/Customer Knowledge & Insight
•   Engagement & Reputation Management
•   Enhanced Customer Experience and Loyalty
•   Sales/Marketing Effectiveness, Efficiency and ROI
•   Operations/ Internal Processes (open source and hosted apps)




                                                        ENERGISE2-0.COM
‘Be Customer Led’




                    ENERGISE2-0.COM
Be Customer Led


• Who are our customers, community, tribe?

• Where do they hang out in social media?

• How can we best use Social Media to deliver an
  exceptional customer experience at all stages of the
  customer life cycle?



                                                 ENERGISE2-0.COM
www.mashable.com




                   E
                   ENERGISE2-0.COM
Who Are Your Customers?


• Your Social Media Strategy should be aimed at building a
  ‘quality’ customer base i.e. a strong online network of high
  value, high growth potential customers providing your
  company with a strong foundation for achieving sustained
  growth and profitability

• First step:
   – Undertake a detailed Customer Mapping and
      Segmentation Analysis to identify your ‘Most Valuable’ and
      ‘Most Growable’ customers (actual and potential)


                                                          ENERGISE2-0.COM
Strategically position your customers
on a Customer Value Matrix based on

     Customer Attractiveness
      Probability of Success


                                 ENERGISE2-0.COM
Customer Value Matrix




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Strategic Implications




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Quality Customer Growth Programme




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Business Benefits of this Approach

• Concentration of effort and resource on `quality’ customers – your
  ‘Most Valuable’ and ‘Most Growable’ customers

• Improved value delivery to existing high value customers. Build
  learning relationships with them allowing you to better service their
  emerging needs and wants through highly customised and
  personalised products and services

• Maximise customer retention, loyalty and advocacy; ‘Up’ and
  ‘Cross’ selling opportunities

• Maximise customer profitability and lifetime value


                                                              ENERGISE2-0.COM
Business Benefits of this Approach

• Acquiring new `quality’ customers becomes easier because you
  have got it right for existing customers

• Cost savings and improved marketing/sales efficiency through
  targeting limited resources on `quality’ customers (actual and
  potential)

• Building sustained customer and competitive advantage through
  customer differentiation and brand advocacy

• Erection of loyalty barriers preventing your competitors from
  stealing your `best’ customers


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The Customer Experience


   Use Social Media to enhance the
customer experience at all stages of the
         Customer Life Cycle




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Customer Lifecycle




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Implementation and
    Performance Measurement

– Channel Action Plans
– Performance Measurement
– Organisation, Resource, People


                                   ENERGISE2-0.COM
Channel Action Plans

• Once your Social Media Strategy has been agreed, brief
  Action Plans should be developed for each priority SM
  channel

• Cascade the Balanced Scorecard approach to each priority
  channel e.g. Twitter, Blog, Facebook, Linkedin etc

• But not ‘Paralysis by Analysis’

• The Action Plan for each channel should include a clear
  statement of…..

                                                        ENERGISE2-0.COM
Channel Action Plans

•   Vision
•   Channel Objectives
•   KPIs and Targets
•   Customers
•   Key Channel Actions and Initiatives for ‘getting there
•   Organisation, resource and people issues
•   Tools and applications
•   Performance measurement
•   Do’s and Don’t’s


                                                        ENERGISE2-0.COM
Guidelines for Effective
Social Media Management


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1. Channel Vision and Objectives

• Agree the overall vision for each channel

• Agree the main objectives to be achieved? Ensure that
  these are closely aligned with and supportive of your
  core business objectives? (Link back to your SM Strategy
  Document from last week)

• Agree the KPIs and targets to be used in measuring on-
  going channel performance



                                                   ENERGISE2-0.COM
KPIs and Targets

The 6Is Approach:
   • Involvement – numbers/quality
   • Interaction – level of two-way dialogue
   • Intimacy – positive/negative sentiments
   • Influence – word-of-mouth effect

   • Insight – actionable market/customer insight
   • Impact – business impact



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The ‘6Is’ Approach




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2. Customers

• Who?: Agree the main customers groups for this channel
  – link back to your ‘Customer Mapping Exercise’

• Agree objectives for each customer group e.g. build
  brand awareness; engagement; loyalty; relationships;
  advocacy

• How will this impact on your Channel Content Strategy?
  How can you add value? Be ‘customer led’

• Include ‘Key Influencers’
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3. Channel Basics


•   Channel/Page Set Up
•   Profile Information
•   Design
•   Basic Layout
•   Terminology
•   Features/Functions
•   Integration



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4. Key Success Factors

The ‘4Cs’ approach:

   –   Content
   –   Customers
   –   Conversations
   –   Conversion




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Content

• Quality is critical – add value

• Adopt an ‘outside-in’ rather than ‘inside-out’ approach

• Sales messages OK but subtle and in moderation

• Beware of gaffes

• Not just publishing content but also customer service


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Content

• Develop an agreed Content Plan
   – Frequency
   – Tone/Theme/Voice
   – Topics
   – Content Type e.g. text, infographic, video, podcast etc
   – Own/Others Content
   – Sources of Inspiration
   – Channel Integration/Fit



                                                     ENERGISE2-0.COM
Why People Unfollow




                      ENERGISE2-0.COM
Why People Unfollow




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Customers

• Build the Community
   – Be strategic – size matters, but ‘who’ is just as
     important
   – Use existing communications channels
   – Use the community building tools of each channel
   – Start by following, engaging then be followed
   – Role of ‘Key Influencers’ is critical
   – Avoid ‘get follower fast’ schemes




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Conversation

• Social media is ‘marketing as a conversation’ with your
  network. It is not about one way broadcasting

• Actively encourage interaction e.g. blog posts end with
  request for comments/feedback; on Twitter use Reply,
  RTs often; on Facebook/Linkedin – participate in
  groups/forums

• This has time and resource implications



                                                    ENERGISE2-0.COM
Conversion



  Agree and measure the main
‘call to actions’ you are aiming for




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5. Organisation, People, Resources

• Build the right organisational ‘culture’ and ‘mindset’ for
  channel success

• Become a social organisation

• Ensure your channels are managed and resourced
  properly

• Agree what policies and guidelines are needed


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6. Tools and Applications

• A range of Social Media Management Tools are available.
  Some are moving into Social CRM (SCRM) territory…
   – Hootsuite
   – Tweetdeck (now owned by Twitter)
   – Seesmic
   – Sprout Social
   – Spredfast




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7. Monitor and Measure


• To ensure that your SM strategy delivers a return on
  investment, it is important to monitor and evaluate on-
  going performance benchmarked against agreed
  objectives, KPIs and targets

• Performance evaluation should be undertaken at three
  main levels…




                                                    ENERGISE2-0.COM
Performance Measurement

Should be undertaken at three main levels:

•Individual social media channels

•Overall ‘buzz’

•Business Impact


Using the 6Is approach


                                             ENERGISE2-0.COM
Individual Channels


• Individual Channel Performance
   – the effectiveness/success of each channel benchmarked
     against agreed targets for the ‘6Is’ i.e. Involvement,
     Interaction, Intimacy and Influence
   – most channels provide easy to access statistics for
     measuring each ‘I’ to a very high degree of accuracy




                                                      ENERGISE2-0.COM
Social Media ‘Buzz’


• Wider Social Media Performance
  – monthly or quarterly reporting of the overall ‘buzz’ created
    by your SM activities using appropriate Social Media
    Monitoring tools
  – this will show the impact of your SM activities on others
    and other channels
  – it measures the volume of mentions, trends over time,
    which channels are driving your buzz, who is taking your
    message further, through which channels, and what
    affection or affinity they are showing, and so on

                                                        ENERGISE2-0.COM
Business Impact


• Underlying Business Performance
   – the performance of each social media channel and the
     overall ‘buzz’ created are ‘lead’ rather than ‘lag’ measures
   – in a social media era, they are the main ‘drivers’ of future
     business performance
   – the final level of performance monitoring, therefore, is
     linking your social media activity to overall business goals
     and objectives e.g. enquiries, sales or customer loyalty. Is
     social media achieving your ultimate business objectives
     i.e. ‘lag’ measures?

                                                          ENERGISE2-0.COM
Performance Measurement Tools

A range of tools are available at each level:

•Individual Channels – e.g. Facebook Insights; Klout; Kred

•Overall ‘Buzz’ e.g. Topsy Analytics; Viralheat, other paid
SMM tools

•Business Impact e.g. Google (Social) Analytics; SCRM



                                                       ENERGISE2-0.COM
Organization, Resource and People Issues


• Organization, resource and people issues sit at the bottom of
  your SM Balanced Scorecard NOT because they are the least
  important issues to address. In fact, the exact opposite is true.
  The success of your social media strategy is very much
  dependent upon appropriate decisions being made in the
  areas listed below:




                                                           ENERGISE2-0.COM
Organization, Resource and People Issues


• Do we have the right organisational ‘culture’ and ‘mindset’ for
  Social Media? ‘Be social before doing social!’ Is the right
  organisational and decision-making structure in place?
• Has agreement been reached on resource allocation?
• Who will be responsible for your social media activities?
• Do you have agreed Social Media Policies and Guidelines in
  place covering ‘Proper Use’, ‘Content Management’,
  ‘Customer Response Times/Quality’ and ‘Legal’ aspects?




                                                         ENERGISE2-0.COM
Social Media Management
      Do’s and Dont’s




                          ENERGISE2-0.COM
Do’s and Don’t’s

• Don’t Be a Showoff
   – Your posts should add value to the ‘customer’ – it’s not
     about ‘me,me,me’

• Don’t Use Poor Grammar or Spelling
   – Don’t try to be too cool

• Don’t Get Too Personal (business users)
   – Keep the conversations warm but professional; it’s what
     business users expect and anything else comes off as
     creepy

                                                         ENERGISE2-0.COM
Do’s and Don’t’s

• Don’t Automate
   – It’s OK to schedule posts for specific times but don’t
     automate everything. Social media is about
     personal/brand engagement not blatant promotion e.g.
     don’t automatically DM new twitter followers with a sales
     message - it’s seen as spam.

• Don’t Leave Air in the Conversation
   – Respond as quickly as possible – within hours not days.

• Don’t Overpost
   – Don’t flood your followers’ timelines
                                                        ENERGISE2-0.COM
Do’s and Don’t’s

• Do Shout Out to Users Who Mention You
   – Thank those making favourable comments; be very careful
     how you respond to any negative comments
• Do Monitor Keywords and Sector Trends
   – And respond when appropriate
• Do Make an Informative Profile
   – It’s the first point of contact so critical. Tell what you will
     be posting about
• Do Hang Out Where Your Customers Hang Out
   – Don’t always expect them to come to you


                                                            ENERGISE2-0.COM
In Summary……..‘Social Media
      Planning Pays’



                        ENERGISE2-0.COM
Thank You
    Questions

www.energise2-0.com

                      ENERGISE2-0.COM
Social Media
Monitoring/Listening



                       ENERGISE2-0.COM
ENERGISE2-0.COM




Get Ready to Listen 
Why Listen?

Social Media is a
conversation
not a broadcast
platform


Conversations are taking
place relevant to your
brand – are you listening?


                              ENERGISE2-0.COM
Monitoring the Conversations


• Use Social Media Monitoring Tools to identify where your
  customers ‘hang-out’ online and to monitor the conversations
  relevant to your brand – also for measuring the ‘buzz’ about
  your brand

• No or low cost tools such as Google Alerts, Yahoo Pipes, Social
  Mention, Topsy, IceRocket, Blogscope, Blogpulse and
  ViralHeat

• More expensive and sophisticated tools such as Radian6,
  Alterian SM2, Sysomos Heartbeat and Infegy SocialRadar
                                                         ENERGISE2-0.COM
Social Media Monitoring




                          ENERGISE2-0.COM
Social Media Listening
                                    RT                         s pro New
    “ha                                :c                  lie        duc                                         as
   ex d a                                 h             rep                                                   it w
     pe te                            thi eck         @                   ts                          t
       rie rrib                          s v ou        co                                          gh
          nc                                ide t         mp                   d
                                                                             an tions            ou ”
             e… le                   staff     o             eti         Br n                  th t…
                                                                                             “I ea
                                                                 tor
               ”                                                    s       me                 gr
                                                        Collect
      Irre                                     Search and Relevance Filters                                          as   ting
     cha levan                                                                                                ro adc
         nn     t
                                                 Platforms and Channels
                                                                                                       P R : B pos t s
            els
                                                       Process
          ing the
“I’m walk                                                                                                   “X-Factor is
     dog… ”                                 Events assigned to the Social Graph                               Great..”
                                               Categorisation and Tagging
                 t                                                                                  M
              an                                                                                 c o or e
           lev nt s
       Irre me                                         Analyse                                      m no
                                                                                                      m is
           m                                                                                            en e
        co
                                              Mention Volume and Importance                   o ise       ts
        RT                                                                              #n
           :n                                   Demographics and Timing
              o                                                                         @
          ign ise to                             Sentiment and Emotion                      clo
                                                                                                  gg
             or e    be                                                                                er
                  d

                                               Actionable Insights
              Source: Energise2-0
                                                                                                            ENERGISE2-0.COM
5 Key Steps to Effective
   Social Media Listening

But first the Business Benefits

                              ENERGISE2-0.COM
Business Benefits
Listening provides business benefits:
     – Market Knowledge and Intelligence. Where your customers, partners,
       competitors and staff are hanging out online.
     – Customer Insight and Understanding. What your customers and their
       influencers are saying about you or your competitors.
     – Identify and network with high value, high growth prospects.
       Identifying key posts and follow-up actions.
     – Interaction with Key Influencers. Identify influential sources for
       incorporation into a wider strategic response.
     – Reputation Management. Timely identification of potential reputation
       issues.
     – Improved Sales and Marketing. New prospects, customer and market
       opportunities.
     – Improved Performance Monitoring. Support a 6Is approach.

                                                                  ENERGISE2-0.COM
1. What

• What conversations do we need to monitor?
  – Our own brand
  – Product, industry, sector
  – Competitors
  – Customer segments
  – Geography/Location
      •   Local
      •   Regional
      •   National
      •   International



                                              ENERGISE2-0.COM
2. Where

• Where are the relevant conversations taking place?




• What tools are available to help?




                                                       ENERGISE2-0.COM
Tools are available to help

• No or low cost tools such as…
   – Google Alerts, Yahoo Pipes, Social Mention, Topsy,
     IceRocket, Blogscope, Blogpulse and ViralHeat

• More expensive and sophisticated tools such as…
  – Salesforce Radian6, Alterian SM2, Sysomos Heartbeat and
    Meltwater Buzz




                                                          ENERGISE2-0.COM
Tools are available to help




                              ENERGISE2-0.COM
Tools are available to help




                              ENERGISE2-0.COM
3. Set Up your Listening System

• Set up a customised Social Media Listening System to deliver:
   – the right information
   – to the right people
   – at the right time
   – in the right format

• But remember…
   – Think strategically




                                                        ENERGISE2-0.COM
4. Ask - So What?

•   Information is not knowledge
•   What are the results telling us?
•   Analyse and develop ‘Actionable Insights’
•   Is this…
     – Something I should share with others?
     – A reputation issue?
     – A sales opportunity?
     – A new network contact or potential influencer?
     – An indication of where we should develop?
     – A bell-weather on how we are doing?
     – An indication of what our customers are feeling?
                                                          ENERGISE2-0.COM
5. Consider your Response

• And finally…
• Think seriously about how you will respond?
• Are you fully equipped? Skills, Knowledge, Strategy, Plan




                                                         ENERGISE2-0.COM

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SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012

  • 1. ENERGISE2-0.COM Social Media: Strategy and Management Dr Jim Hamill www.energise2-0.com www.twitter.com/drjimhamill May, 2012
  • 2. Course Overview • The Social Media Revolution…… • Key issues involved in developing, implementing and proactively managing an effective social media strategy for building sustained customer and competitive advantage • A simplified Balanced Scorecard approach will be used to ensure that social media actions and initiatives are fully aligned with and supportive of core business goals and objectives • A key focus will be the use of agreed KPIs and targets to measure on-going social media performance and business impact ENERGISE2-0.COM
  • 3. Learning Outcomes Subject specific knowledge and skills: •Opportunities and threats presented by the Social Media Revolution •Key issues involved in developing an effective Social Media Strategy •Steps involved in successful strategy implementation and management •Key social media success factors •Balanced Scorecard approach to measuring social media performance and business impact •Organisation, people and resource issues critical to social media success •Practical case examples of social media in action •Importance of becoming a ‘social business’ ENERGISE2-0.COM
  • 4. Learning Outcomes Cognitive abilities and non-subject specific skills: •Undertake a social media landscape analysis for your organisation •Set up a Social Media Listening System •Develop an agreed Social Media Strategy for your organisation •Agree the core business objectives, goals and targets to be achieved •Identify the key social media actions and initiatives to be implemented and an ‘Action Plan’ for getting there •Agree the Key Performance Indicators (KPIs), metrics and analytics to be used in measuring social media performance, business impact and ROI •Ensure that all key success factors have been considered •Gained experience in participating in an online mutual support and e- learning community ENERGISE2-0.COM
  • 5. Teaching and Learning Methods The four main teaching and learning methods used in the class will be: •Lectures and related support material •Open discussion and debate in class •Group work in developing an agreed Social Media Strategy for an organisation of your own choice •Proactive participation in an online learning community set up to support the class ENERGISE2-0.COM
  • 6. Questions If you have any questions, don’t bother asking because I don’t really care if you have any questions, what your opinion is or what you think. If you ask a question I will ignore you How many companies treat their customers that way? How ‘social’ is your organisation? ENERGISE2-0.COM
  • 7. A conversation not a broadcast presentation ENERGISE2-0.COM
  • 8. Assignment • The assessment for this class will be a group assignment involving a class presentation and preparation of a Social Media Strategy Document for an organisation of the group’s own choice (Word limit: 3,000 words) • Students failing to pass the assignment with a mark of 50% or more will be required to resubmit ENERGISE2-0.COM
  • 9. Agenda • Understanding the Basics - The Social Media Revolution; Social Media in Action – Examples; Key Things to Remember about Social Media; Social Media Listening System • ‘Getting There’ – Social Media Planning Pays – Social Media Strategy Development – Implementation – Performance Measurement and Business Impact • From Social Media to Social Business ENERGISE2-0.COM
  • 10. Timetable • Monday/Tuesday – ‘Lecture’ and class discussion • Thursday – Group presentations ENERGISE2-0.COM
  • 11. Assignment/Group Work Groups of 4/5 students Taking an organisation of your own choice, evaluate the progress made in adopting social media. Your evaluation should cover use of social media on the organisation’s own web site and the extent of their involvement in external social media sites. Make strategic recommendations for improvement ENERGISE2-0.COM
  • 12. Continue the conversation at www.energise2-0.com ENERGISE2-0.COM
  • 13. www.energise2-0.com ENERGISE2-0.COM
  • 14. Let’s start with a few questions? ENERGISE2-0.COM
  • 15. Social Media: The State of Play Where are we in our use of social media? What progress has been made? Where are we going? ENERGISE2-0.COM
  • 16. What road are we on? ENERGISE2-0.COM
  • 17. Our View on Progress Made Interest and enthusiasm has grown rapidly Channels are being set up But lack of strategic planning leads to problems down the line - resourcing, content, customers, performance measurement, business impact and ROI A broadcast mentality prevails……. ENERGISE2-0.COM
  • 18. Is there something fundamentally wrong with our approach to Social Media? ENERGISE2-0.COM
  • 19. Something Wrong….. Are we using social media as just another PR/marketing channel for broadcasting messages AT customers telling them how good we are? Is anyone listening anymore? Have the rules of business changed? ENERGISE2-0.COM
  • 20. Be Social ENERGISE2-0.COM
  • 21. Be ‘Customer Led’ Talking WITH rather than AT your customers is the core foundation of a successful social media strategy The basis of a good conversation is to listen first ENERGISE2-0.COM
  • 22. ‘Social Media Planning Pays’ ENERGISE2-0.COM
  • 23. The Social Media Revolution ENERGISE2-0.COM
  • 26. Web 2.0/Social Media An Overview »Applications »Features and Characteristics »Implications ENERGISE2-0.COM
  • 27. Business/Marketing 2.0 Impact – Wikibusiness Web 2.0 Applications Mindset Open source Business Intelligence Online Applications/ Web Services Customer Insight and Understanding Social/ Prof Network Sites Customer Interaction Social Content – Social Bookmarking Enhanced Customer Experience – Blogs or Weblogs Rich Internet Applications Wikis Reputation Management Podcasts/ Vodcasts Sales and Marketing Virtual Realities Product Development and R&D e.g. Mash Ups engage and co-create RSS Feeds IT/Software/Applications Mobile Web; Internet Telephony Operations, Internal Processes and Characteristics Twitter HRM Communities and Networks Openness Sharing Peering Hosted Services – online applications; the Internet as the platform Interactivity Social Element Mass Collaboration Empowerment Global
  • 28. Social Media in Plain English ENERGISE2-0.COM
  • 29. How important has it become? ENERGISE2-0.COM
  • 30. The Social Media Revolution ENERGISE2-0.COM
  • 31. Potential Business Benefits of Social Media ENERGISE2-0.COM
  • 32. Business Benefits • Market Knowledge • Customer Insight and Understanding • Customer Interaction • Enhanced Customer Experience • Business Intelligence • Reputation Management ENERGISE2-0.COM
  • 33. Business Benefits • Improved Sales and Marketing • Identify and network with high value, high growth prospects • Product Development and R&D e.g. engage and co-create • Internal cost savings • Improved Operations and Internal Processes • Increased ROI ENERGISE2-0.COM
  • 34. Potential Business Benefits 5 main areas: • Market/Customer Knowledge & Insight • Engagement & Reputation Management • Enhanced Customer Experience and Loyalty • Sales/Marketing Effectiveness, Efficiency and ROI • Operations/ Internal Processes (open source and hosted apps) ENERGISE2-0.COM
  • 35. Social Media in Action Quick Examples (General) ENERGISE2-0.COM
  • 36. ENERGISE2-0.COM In a Web 2.0 Era, the Brand Becomes the Customer Experience of the Brand A quick ‘personal experience’ Dubai Hotel
  • 42. From the web site • This 5-star hotel and residence offers European hospitality with an unmistakable French touch. The hotel consists of 318 beautifully appointed guest rooms/suites, while the residence offers 112 fully furnished and equipped deluxe Studios and 1-3 bedroom apartments. • The ultimate in comfort, we offer 318 luxuriously elegant rooms and suites. • Take a trip. Escape. Go and visit somewhere new and see if we are there… Give in to that irresistible wanderlust. Discovering and staying in the most exceptional hotels in the world has become the modern-day Graal, a game, a quest… ENERGISE2-0.COM
  • 43. The Customer Experience of the Brand Tripadvisor ENERGISE2-0.COM
  • 44. From Tripadvisor • It's getting old, the rooms are unappealing and it will never be more than a business hotel • Being a Sofitel hotel we expected something quite 'flashy' unfortunately we were let down. The rooms, although comfortable and clean, were not of the standard we expected and were definately not what we expected after looking at the photos on the hotel's website. • Booking my stay via the Sofitel website after a pleasant experience at several other Sofitel locations over the past 2 years with my new job I was looking forward to a 5 star luxury stay after a stressful business trip. My expectations were reasonable, however certainly not met by this hotel ENERGISE2-0.COM
  • 47. United Breaks Guitars ENERGISE2-0.COM
  • 48. Crowdsourced NPD ENERGISE2-0.COM
  • 49. www.skittles.com ENERGISE2-0.COM
  • 50. The rules of the game have changed The 5 key things to remember about Social Media ENERGISE2-0.COM
  • 51. 1. It’s a Revolution A fundamental and revolutionary change in online behaviour, expectations and the online customer experience. The end of the ‘read only’ internet Content generated by the network for the network We are no longer passive consumers of content/brand messages ENERGISE2-0.COM
  • 52. 2. It’s Social A conversation not a broadcast platform Conversations are taking place relevant to your brand – are you listening? ENERGISE2-0.COM
  • 53. The Connected Consumer ENERGISE2-0.COM
  • 54. 3. Power Shift Social media empowers customers, empowers the network We no longer control the brand The brand becomes the customer experience of the brand – experiences that are widely shared online ENERGISE2-0.COM
  • 56. 4. Declining Effectiveness Declining effectiveness of traditional approaches to sales and marketing Does anyone listen any more? We are no longer passive sheep waiting to be ‘driven’ to your web site If you treat us like sheep, we will tell you to ‘flock off’. ENERGISE2-0.COM
  • 57. Do You Listen? Source: The Future of Advertising, APA, 17/02/09 as published on Slideshare ( www.slideshare.com) ENERGISE2-0.COM
  • 58. Do You Listen? ENERGISE2-0.COM
  • 59. 5. The End of Business as Usual ENERGISE2-0.COM
  • 60. The End of Business as Usual ‘Winners’ will be those organisations who fully utilise the interactive power of Web 2.0 technology for engaging with and energising customer and network relationships ENERGISE2-0.COM
  • 61. New Performance Measures • Business success depends on the quality of your customer base; the strength of the relationship you have with quality customers; and your ability to leverage that relationship • In a social media era, business success depends on the – Quality of your network – Relationship strength – Ability to leverage The 6Is Approach ENERGISE2-0.COM
  • 62. Performance Measurement  Involvement – network/community numbers/quality, time spent, frequency, geography  Interaction – actions they take – read, post, comment, reviews, recommendations  Intimacy – affection or aversion to the brand ; community sentiments, opinions expressed etc  Influence – advocacy, viral forwards, referrals and recommendations, social bookmarking  Insight – customer insight  Impact – business impact Social Media Monitoring Tools –Audit, Assess, Impact ENERGISE2-0.COM
  • 63. The ‘6Is’ Approach ENERGISE2-0.COM
  • 64. Bob Dylan Come gather 'round people Wherever you roam And don’t criticise What you can't understand Your sons and your daughters Are beyond your command Your old road is Rapidly agin‘ Then you better start swimmin’ Or you'll sink like a stone For the times they are a-changin’ ENERGISE2-0.COM
  • 65. A note on Inbound Marketing ENERGISE2-0.COM
  • 66. Inbound Marketing Spread your content as widely as possible to get found Pull people to your web site, blog etc Flood your ‘funnel’ with suspects Analyse and Convert ENERGISE2-0.COM
  • 67. Inbound Marketing ENERGISE2-0.COM
  • 68. Inbound Marketing ENERGISE2-0.COM
  • 69. What’s wrong with this approach? ENERGISE2-0.COM
  • 70. Drowning in an Sea of Noise ENERGISE2-0.COM
  • 71. Our Response ENERGISE2-0.COM
  • 72. The Customer Manifesto We are not sales suspects, prospects or leads. We do not want to be converted We are no longer an ‘audience’ We are people. In fact, ‘We Are The People’ We are your customers and we are King! Social media empowers us. We control the Information Age. Welcome to our world, not yours! ENERGISE2-0.COM
  • 73. The Customer Manifesto Don’t treat us like passive sheep waiting to be driven to your web site or blog Use social media to deliver exceptional Customer Experiences That way, we will become brand advocates and ‘spread the word’ for you Our network will listen more to us than you ENERGISE2-0.COM
  • 74. We are the Children of the Revolution ENERGISE2-0.COM
  • 75. ‘Getting There’ Social Media Strategy Development and Implementation ENERGISE2-0.COM
  • 76. Practical Advice and Next Steps to Avoid the Road to Nowhere ‘Social Media Planning Pays’ ENERGISE2-0.COM
  • 77. ‘Social Media Planning Pays’ Key Steps in Developing, Implementing and Managing a Successful Social Media Strategy ENERGISE2-0.COM
  • 79. SM Development Cycle ENERGISE2-0.COM
  • 80. Each Step is being covered in detail on our blog at www.energise2-0.com ENERGISE2-0.COM
  • 81. Five Key Areas • External Analysis: Evaluate Your Social Media Landscape • Internal Analysis: Evaluate Your ‘Readiness to Engage’ • Develop Your Social Media Strategy and Action Plans for ‘Getting There’ • Evaluate Your Social Media Performance and ROI • Organization, People and Resource Issues ENERGISE2-0.COM
  • 82. Social Media Strategy and Action Plans ENERGISE2-0.COM
  • 83. Use a Simplified Balanced Scorecard • Will ensure that the social media actions and initiatives you take are fully aligned with and supportive of your overall business goals and objectives; that KPIs are agreed for monitoring and evaluating social media performance, business impact and ROI; and all key success factors are considered, especially the organization, people and resource aspects critical to successful strategy implementation • A Scorecard approach can also be very useful for internal and external communications – a simple framework to present social media goals, objectives, key actions and initiatives to colleagues, partners and other stakeholders ENERGISE2-0.COM
  • 84. Social Media Balanced Scorecard • Not ‘paralysis by analysis’. By providing an agreed framework to follow, the Balanced Scorecard considerably speeds up strategy development and implementation • The steps involved can be captured in a Social Media Strategy Map • Five key questions to address…… ENERGISE2-0.COM
  • 85. Social Media Balanced Scorecard • What is the overall social media vision for your organization? • What are the key objectives and targets to be achieved? • Who are your customers? • Key Actions and Initiatives • Organisation, Resource and People Issues ENERGISE2-0.COM
  • 86. Social Media Strategy Map Brief statement of your overall 2.0/Social Media Vision and Mission Strategic Objectives Strategic Objectives KPIs / Targets KPIs / Targets KPIs / Targets KPIs / Targets Customer Perspective Customer Customer Customer Customer Group 1 Group 2 Group 3 Group 4 Internal Management Perspective 2.0/Social Media 2.0/Social Media 2.0/Social Media 2.0/Social Media Initiative 1 Initiative 2 Initiative 3 Initiative 4 - Objectives - Objectives - Objectives - Objectives - KPIs - KPIs - KPIs - KPIs - Targets - Targets - Targets - Targets - Actions - Actions - Actions - Actions Organisation Perspective Organisation Resource People ENERGISE2-0.COM
  • 87. Key Questions to Address • What is the overall social media vision for your organisation? • What are the key objectives and targets to be achieved from social media? Are these fully aligned with and supportive of your overall business goals and objectives? • Who are your customers? Where do you find them ‘hanging out’ on social media? How can you best engage with them? • What are the main Social Media Actions and Initiatives you need to take – short, medium and longer term? • What generic social media strategy should you follow (number of channels used/ depth of engagement in each channel)? ENERGISE2-0.COM
  • 88. Key Questions to Address • For each priority Social Media Channel, what are your core objectives for that channel; what KPIs will be used for measuring on-going channel performance; what are your targets for each KPI; what key tasks are needed to achieve these targets? • Do we have the right organisational ‘culture’ and ‘mindset’ for Social Media? ‘Be social before doing social! Is the right organisational and decision-making structure in place? • Has agreement been reached on resource allocation? • Who will be responsible for your social media activities? What balance has been agreed between internal and external roles and responsibilities? ENERGISE2-0.COM
  • 89. Key Questions to Address • Who is the Social Media Champion? • Do you have agreed Social Media Policies and Guidelines in place covering ‘Proper Use’, ‘Content Management’, ‘Customer Response Times/Quality’ and ‘Legal’ aspects? • Performance evaluation and business impact ENERGISE2-0.COM
  • 90. Potential Business Benefits of Social Media ENERGISE2-0.COM
  • 91. Business Benefits • Market Knowledge • Customer Insight and Understanding • Customer Interaction • Enhanced Customer Experience • Business Intelligence • Reputation Management ENERGISE2-0.COM
  • 92. Business Benefits • Improved Sales and Marketing • Identify and network with high value, high growth prospects • Product Development and R&D e.g. engage and co-create • Internal cost savings • Improved Operations and Internal Processes • Increased ROI ENERGISE2-0.COM
  • 93. Potential Business Benefits 5 main areas: • Market/Customer Knowledge & Insight • Engagement & Reputation Management • Enhanced Customer Experience and Loyalty • Sales/Marketing Effectiveness, Efficiency and ROI • Operations/ Internal Processes (open source and hosted apps) ENERGISE2-0.COM
  • 94. ‘Be Customer Led’ ENERGISE2-0.COM
  • 95. Be Customer Led • Who are our customers, community, tribe? • Where do they hang out in social media? • How can we best use Social Media to deliver an exceptional customer experience at all stages of the customer life cycle? ENERGISE2-0.COM
  • 96. www.mashable.com E ENERGISE2-0.COM
  • 97. Who Are Your Customers? • Your Social Media Strategy should be aimed at building a ‘quality’ customer base i.e. a strong online network of high value, high growth potential customers providing your company with a strong foundation for achieving sustained growth and profitability • First step: – Undertake a detailed Customer Mapping and Segmentation Analysis to identify your ‘Most Valuable’ and ‘Most Growable’ customers (actual and potential) ENERGISE2-0.COM
  • 98. Strategically position your customers on a Customer Value Matrix based on Customer Attractiveness Probability of Success ENERGISE2-0.COM
  • 99. Customer Value Matrix ENERGISE2-0.COM
  • 100. Strategic Implications ENERGISE2-0.COM
  • 101. Quality Customer Growth Programme ENERGISE2-0.COM
  • 102. Business Benefits of this Approach • Concentration of effort and resource on `quality’ customers – your ‘Most Valuable’ and ‘Most Growable’ customers • Improved value delivery to existing high value customers. Build learning relationships with them allowing you to better service their emerging needs and wants through highly customised and personalised products and services • Maximise customer retention, loyalty and advocacy; ‘Up’ and ‘Cross’ selling opportunities • Maximise customer profitability and lifetime value ENERGISE2-0.COM
  • 103. Business Benefits of this Approach • Acquiring new `quality’ customers becomes easier because you have got it right for existing customers • Cost savings and improved marketing/sales efficiency through targeting limited resources on `quality’ customers (actual and potential) • Building sustained customer and competitive advantage through customer differentiation and brand advocacy • Erection of loyalty barriers preventing your competitors from stealing your `best’ customers ENERGISE2-0.COM
  • 104. The Customer Experience Use Social Media to enhance the customer experience at all stages of the Customer Life Cycle ENERGISE2-0.COM
  • 105. Customer Lifecycle ENERGISE2-0.COM
  • 106. Implementation and Performance Measurement – Channel Action Plans – Performance Measurement – Organisation, Resource, People ENERGISE2-0.COM
  • 107. Channel Action Plans • Once your Social Media Strategy has been agreed, brief Action Plans should be developed for each priority SM channel • Cascade the Balanced Scorecard approach to each priority channel e.g. Twitter, Blog, Facebook, Linkedin etc • But not ‘Paralysis by Analysis’ • The Action Plan for each channel should include a clear statement of….. ENERGISE2-0.COM
  • 108. Channel Action Plans • Vision • Channel Objectives • KPIs and Targets • Customers • Key Channel Actions and Initiatives for ‘getting there • Organisation, resource and people issues • Tools and applications • Performance measurement • Do’s and Don’t’s ENERGISE2-0.COM
  • 109. Guidelines for Effective Social Media Management ENERGISE2-0.COM
  • 110. 1. Channel Vision and Objectives • Agree the overall vision for each channel • Agree the main objectives to be achieved? Ensure that these are closely aligned with and supportive of your core business objectives? (Link back to your SM Strategy Document from last week) • Agree the KPIs and targets to be used in measuring on- going channel performance ENERGISE2-0.COM
  • 111. KPIs and Targets The 6Is Approach: • Involvement – numbers/quality • Interaction – level of two-way dialogue • Intimacy – positive/negative sentiments • Influence – word-of-mouth effect • Insight – actionable market/customer insight • Impact – business impact ENERGISE2-0.COM
  • 112. The ‘6Is’ Approach 112 ENERGISE2-0.COM
  • 113. 2. Customers • Who?: Agree the main customers groups for this channel – link back to your ‘Customer Mapping Exercise’ • Agree objectives for each customer group e.g. build brand awareness; engagement; loyalty; relationships; advocacy • How will this impact on your Channel Content Strategy? How can you add value? Be ‘customer led’ • Include ‘Key Influencers’ ENERGISE2-0.COM
  • 114. 3. Channel Basics • Channel/Page Set Up • Profile Information • Design • Basic Layout • Terminology • Features/Functions • Integration ENERGISE2-0.COM
  • 115. 4. Key Success Factors The ‘4Cs’ approach: – Content – Customers – Conversations – Conversion ENERGISE2-0.COM
  • 116. Content • Quality is critical – add value • Adopt an ‘outside-in’ rather than ‘inside-out’ approach • Sales messages OK but subtle and in moderation • Beware of gaffes • Not just publishing content but also customer service ENERGISE2-0.COM
  • 117. Content • Develop an agreed Content Plan – Frequency – Tone/Theme/Voice – Topics – Content Type e.g. text, infographic, video, podcast etc – Own/Others Content – Sources of Inspiration – Channel Integration/Fit ENERGISE2-0.COM
  • 118. Why People Unfollow ENERGISE2-0.COM
  • 119. Why People Unfollow ENERGISE2-0.COM
  • 120. Customers • Build the Community – Be strategic – size matters, but ‘who’ is just as important – Use existing communications channels – Use the community building tools of each channel – Start by following, engaging then be followed – Role of ‘Key Influencers’ is critical – Avoid ‘get follower fast’ schemes ENERGISE2-0.COM
  • 121. Conversation • Social media is ‘marketing as a conversation’ with your network. It is not about one way broadcasting • Actively encourage interaction e.g. blog posts end with request for comments/feedback; on Twitter use Reply, RTs often; on Facebook/Linkedin – participate in groups/forums • This has time and resource implications ENERGISE2-0.COM
  • 122. Conversion Agree and measure the main ‘call to actions’ you are aiming for ENERGISE2-0.COM
  • 123. 5. Organisation, People, Resources • Build the right organisational ‘culture’ and ‘mindset’ for channel success • Become a social organisation • Ensure your channels are managed and resourced properly • Agree what policies and guidelines are needed ENERGISE2-0.COM
  • 124. 6. Tools and Applications • A range of Social Media Management Tools are available. Some are moving into Social CRM (SCRM) territory… – Hootsuite – Tweetdeck (now owned by Twitter) – Seesmic – Sprout Social – Spredfast ENERGISE2-0.COM
  • 125. 7. Monitor and Measure • To ensure that your SM strategy delivers a return on investment, it is important to monitor and evaluate on- going performance benchmarked against agreed objectives, KPIs and targets • Performance evaluation should be undertaken at three main levels… ENERGISE2-0.COM
  • 126. Performance Measurement Should be undertaken at three main levels: •Individual social media channels •Overall ‘buzz’ •Business Impact Using the 6Is approach ENERGISE2-0.COM
  • 127. Individual Channels • Individual Channel Performance – the effectiveness/success of each channel benchmarked against agreed targets for the ‘6Is’ i.e. Involvement, Interaction, Intimacy and Influence – most channels provide easy to access statistics for measuring each ‘I’ to a very high degree of accuracy ENERGISE2-0.COM
  • 128. Social Media ‘Buzz’ • Wider Social Media Performance – monthly or quarterly reporting of the overall ‘buzz’ created by your SM activities using appropriate Social Media Monitoring tools – this will show the impact of your SM activities on others and other channels – it measures the volume of mentions, trends over time, which channels are driving your buzz, who is taking your message further, through which channels, and what affection or affinity they are showing, and so on ENERGISE2-0.COM
  • 129. Business Impact • Underlying Business Performance – the performance of each social media channel and the overall ‘buzz’ created are ‘lead’ rather than ‘lag’ measures – in a social media era, they are the main ‘drivers’ of future business performance – the final level of performance monitoring, therefore, is linking your social media activity to overall business goals and objectives e.g. enquiries, sales or customer loyalty. Is social media achieving your ultimate business objectives i.e. ‘lag’ measures? ENERGISE2-0.COM
  • 130. Performance Measurement Tools A range of tools are available at each level: •Individual Channels – e.g. Facebook Insights; Klout; Kred •Overall ‘Buzz’ e.g. Topsy Analytics; Viralheat, other paid SMM tools •Business Impact e.g. Google (Social) Analytics; SCRM ENERGISE2-0.COM
  • 131. Organization, Resource and People Issues • Organization, resource and people issues sit at the bottom of your SM Balanced Scorecard NOT because they are the least important issues to address. In fact, the exact opposite is true. The success of your social media strategy is very much dependent upon appropriate decisions being made in the areas listed below: ENERGISE2-0.COM
  • 132. Organization, Resource and People Issues • Do we have the right organisational ‘culture’ and ‘mindset’ for Social Media? ‘Be social before doing social!’ Is the right organisational and decision-making structure in place? • Has agreement been reached on resource allocation? • Who will be responsible for your social media activities? • Do you have agreed Social Media Policies and Guidelines in place covering ‘Proper Use’, ‘Content Management’, ‘Customer Response Times/Quality’ and ‘Legal’ aspects? ENERGISE2-0.COM
  • 133. Social Media Management Do’s and Dont’s ENERGISE2-0.COM
  • 134. Do’s and Don’t’s • Don’t Be a Showoff – Your posts should add value to the ‘customer’ – it’s not about ‘me,me,me’ • Don’t Use Poor Grammar or Spelling – Don’t try to be too cool • Don’t Get Too Personal (business users) – Keep the conversations warm but professional; it’s what business users expect and anything else comes off as creepy ENERGISE2-0.COM
  • 135. Do’s and Don’t’s • Don’t Automate – It’s OK to schedule posts for specific times but don’t automate everything. Social media is about personal/brand engagement not blatant promotion e.g. don’t automatically DM new twitter followers with a sales message - it’s seen as spam. • Don’t Leave Air in the Conversation – Respond as quickly as possible – within hours not days. • Don’t Overpost – Don’t flood your followers’ timelines ENERGISE2-0.COM
  • 136. Do’s and Don’t’s • Do Shout Out to Users Who Mention You – Thank those making favourable comments; be very careful how you respond to any negative comments • Do Monitor Keywords and Sector Trends – And respond when appropriate • Do Make an Informative Profile – It’s the first point of contact so critical. Tell what you will be posting about • Do Hang Out Where Your Customers Hang Out – Don’t always expect them to come to you ENERGISE2-0.COM
  • 137. In Summary……..‘Social Media Planning Pays’ ENERGISE2-0.COM
  • 138. Thank You Questions www.energise2-0.com ENERGISE2-0.COM
  • 141. Why Listen? Social Media is a conversation not a broadcast platform Conversations are taking place relevant to your brand – are you listening? ENERGISE2-0.COM
  • 142. Monitoring the Conversations • Use Social Media Monitoring Tools to identify where your customers ‘hang-out’ online and to monitor the conversations relevant to your brand – also for measuring the ‘buzz’ about your brand • No or low cost tools such as Google Alerts, Yahoo Pipes, Social Mention, Topsy, IceRocket, Blogscope, Blogpulse and ViralHeat • More expensive and sophisticated tools such as Radian6, Alterian SM2, Sysomos Heartbeat and Infegy SocialRadar ENERGISE2-0.COM
  • 143. Social Media Monitoring ENERGISE2-0.COM
  • 144. Social Media Listening RT s pro New “ha :c lie duc as ex d a h rep it w pe te thi eck @ ts t rie rrib s v ou co gh nc ide t mp d an tions ou ” e… le staff o eti Br n th t… “I ea tor ” s me gr Collect Irre Search and Relevance Filters as ting cha levan ro adc nn t Platforms and Channels P R : B pos t s els Process ing the “I’m walk “X-Factor is dog… ” Events assigned to the Social Graph Great..” Categorisation and Tagging t M an c o or e lev nt s Irre me Analyse m no m is m en e co Mention Volume and Importance o ise ts RT #n :n Demographics and Timing o @ ign ise to Sentiment and Emotion clo gg or e be er d Actionable Insights Source: Energise2-0 ENERGISE2-0.COM
  • 145. 5 Key Steps to Effective Social Media Listening But first the Business Benefits ENERGISE2-0.COM
  • 146. Business Benefits Listening provides business benefits: – Market Knowledge and Intelligence. Where your customers, partners, competitors and staff are hanging out online. – Customer Insight and Understanding. What your customers and their influencers are saying about you or your competitors. – Identify and network with high value, high growth prospects. Identifying key posts and follow-up actions. – Interaction with Key Influencers. Identify influential sources for incorporation into a wider strategic response. – Reputation Management. Timely identification of potential reputation issues. – Improved Sales and Marketing. New prospects, customer and market opportunities. – Improved Performance Monitoring. Support a 6Is approach. ENERGISE2-0.COM
  • 147. 1. What • What conversations do we need to monitor? – Our own brand – Product, industry, sector – Competitors – Customer segments – Geography/Location • Local • Regional • National • International ENERGISE2-0.COM
  • 148. 2. Where • Where are the relevant conversations taking place? • What tools are available to help? ENERGISE2-0.COM
  • 149. Tools are available to help • No or low cost tools such as… – Google Alerts, Yahoo Pipes, Social Mention, Topsy, IceRocket, Blogscope, Blogpulse and ViralHeat • More expensive and sophisticated tools such as… – Salesforce Radian6, Alterian SM2, Sysomos Heartbeat and Meltwater Buzz ENERGISE2-0.COM
  • 150. Tools are available to help ENERGISE2-0.COM
  • 151. Tools are available to help ENERGISE2-0.COM
  • 152. 3. Set Up your Listening System • Set up a customised Social Media Listening System to deliver: – the right information – to the right people – at the right time – in the right format • But remember… – Think strategically ENERGISE2-0.COM
  • 153. 4. Ask - So What? • Information is not knowledge • What are the results telling us? • Analyse and develop ‘Actionable Insights’ • Is this… – Something I should share with others? – A reputation issue? – A sales opportunity? – A new network contact or potential influencer? – An indication of where we should develop? – A bell-weather on how we are doing? – An indication of what our customers are feeling? ENERGISE2-0.COM
  • 154. 5. Consider your Response • And finally… • Think seriously about how you will respond? • Are you fully equipped? Skills, Knowledge, Strategy, Plan ENERGISE2-0.COM

Notas do Editor

  1. Market Knowledge: Competitors, Suppliers, Buyers, Influencers; Google insight, Google Alerts will provide a view on most companies within an industry. Also, there are a range of blogs and networks where amateurs and professionals will share their knowledge of a market. Customer Insight and Understanding: Listening to customers and prospects through the range of channels they inhabit; comments on YouTube, Networks where they ‘hang out’ Customer Interaction: the tools exist to not only listen and observe but also to discuss and converse Business Intelligence: media monitoring, alerts and related analysis tools provide a great source of structured Business Intelligence. You need not pay £600/month for the privilege, SocialMention and Google Alerts can keep you informed where you need to be. Reputation Management: one of the key aspects of web 2.0 is that it is Real Time. You can see and respond to comments as they arise and often, where the response is efficient and effective, create a positive effect. Consider, the Ethiopian Growers that challenged the coffee used by Starbucks in a video posted on YouTube. This video was viewed by 10,000 people. The CEO posted a response within 24 hours on YouTube, the response was viewed by several million.
  2. We believe there is a strong correlation between positive word of mouth, online buzz and sales and marketing. Needless to say there are now numerous means of getting your message out there, growing followers (through sites like Twitter, and energising your customer base). Web 2.0 is immediate and direct. The example I like to use is of a safety harness company based in Edinburgh who considered using a traditional approach to International Sales and Marketing – find an agent, find prospects, etc. An alternative approach we suggested, used LinkedIn to find the Health And Safety Director of the largest Construction Project in the world. Now it is not a leap to suggest filming the harness on YouTube and sending an email with a link saying you are in Saudi Arabia and would he like to meet up. Numerous examples of customer insight and feedback leading to product improvement. Many car companies use Second Life to test their designs. A site called eBags sends out the latest designs to their top raters on the site. Internal cost savings. No 10 Downing Street example… Improved Operations and internal processes. There are applications for literally anything – wikis that compete with licenced intranets, email freeware that is better than Outlook, hosted network sites for £20/month that would cost £thousands to replicate. Increased Return on Investment. The holy grail or the achiles heal of Web 2.0. How do you make money from this thing…there is a growing level of evidence to suggest that it works.
  3. ICT Strategy Development and the Balanced Scorecard
  4. Market Knowledge: Competitors, Suppliers, Buyers, Influencers; Google insight, Google Alerts will provide a view on most companies within an industry. Also, there are a range of blogs and networks where amateurs and professionals will share their knowledge of a market. Customer Insight and Understanding: Listening to customers and prospects through the range of channels they inhabit; comments on YouTube, Networks where they ‘hang out’ Customer Interaction: the tools exist to not only listen and observe but also to discuss and converse Business Intelligence: media monitoring, alerts and related analysis tools provide a great source of structured Business Intelligence. You need not pay £600/month for the privilege, SocialMention and Google Alerts can keep you informed where you need to be. Reputation Management: one of the key aspects of web 2.0 is that it is Real Time. You can see and respond to comments as they arise and often, where the response is efficient and effective, create a positive effect. Consider, the Ethiopian Growers that challenged the coffee used by Starbucks in a video posted on YouTube. This video was viewed by 10,000 people. The CEO posted a response within 24 hours on YouTube, the response was viewed by several million.
  5. We believe there is a strong correlation between positive word of mouth, online buzz and sales and marketing. Needless to say there are now numerous means of getting your message out there, growing followers (through sites like Twitter, and energising your customer base). Web 2.0 is immediate and direct. The example I like to use is of a safety harness company based in Edinburgh who considered using a traditional approach to International Sales and Marketing – find an agent, find prospects, etc. An alternative approach we suggested, used LinkedIn to find the Health And Safety Director of the largest Construction Project in the world. Now it is not a leap to suggest filming the harness on YouTube and sending an email with a link saying you are in Saudi Arabia and would he like to meet up. Numerous examples of customer insight and feedback leading to product improvement. Many car companies use Second Life to test their designs. A site called eBags sends out the latest designs to their top raters on the site. Internal cost savings. No 10 Downing Street example… Improved Operations and internal processes. There are applications for literally anything – wikis that compete with licenced intranets, email freeware that is better than Outlook, hosted network sites for £20/month that would cost £thousands to replicate. Increased Return on Investment. The holy grail or the achiles heal of Web 2.0. How do you make money from this thing…there is a growing level of evidence to suggest that it works.