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Creating A Coherent Social Media Strategy1Charlene LiAltimeter Group2011 May 24Twitter: @charleneliEmail: charlene@altimetergroup.com
2
It’s time to move past experiments3
It’s about RELATIONSHIPS© 2011 Altimeter Group
5AgendaStrategyLeadPrepare
6AgendaStrategyLeadPrepare
Strategy Process Stages7
Strategy Process Stages8Set context Determine key objectives
Level of strategy (corporate, biz unit, brand)
Identify key metrics
Assess readinessAlign social with key strategic goals9Examine your 2011 goalsPick ones where social will have an impact
Objectives differ by level10
Ask the Right Questions about Value  11“We tend to overvalue the things we can measure, and undervalue the things we cannot.”            - John Hayes, CMO of American Express© 2011 Altimeter Group
Use appropriate metrics at each level12Business metrics: revenue, CSAT, reputation.Social media analytics: Insights, share of voice,  resonance, WOM. Engagement metrics: fans, followers, clicks.
Highlight where you are strong, where you need to develop.Don’t create strategies that you can’t execute.Demonstrate impact of strategic work.Categories for readiness assessmentAssess your readiness to be social13Communication
Mindset
Roles
Stakeholders
Monitoring
Reporting
Customer Profile
Market Analysis
Processes
Organizational Model
EducationBenchmarking Social Readiness (Before)14December 2009
Benchmarking Social Readiness (After)15April 2010
Strategy Process Stages - Discovery16Collect and prioritize strategic optionsMetrics-based value assessment
Prioritize against objectivesEvaluate each initiative17
Define Your Strategy With Objectives18
How does social media matter to B2B?Chief stakeholders may not be using social media.But lieutenants will be.Social media is impacting how B2B decisions are being made.Background research
Expertise
Search results impactWhy care about social technologies?62% read user ratings/reviews for business products/services
62% visit company profiles on social media sites
55% visit company blogs
51% participate in online business communities or forums
49% ask questions on Q&A sites
29% use Twitter to find or request business-related information Source: 2009 Business.com Business Social Media Benchmarking Study(n=2,393) 20
People in B2B use social media for work21Source: 2009 Business.com Business Social Media Benchmarking Study(n=2,393)
22AgendaStrategyLearnDialogSupportInnovateLeadPrepare
Track brand mentions with basic tools23What would happen if every employee could learn from customers?
Integrate monitoring with workflow24Other providersAlterianBrandsEyeBuzzmetrics CymfonySysmosVisible Tech. From Radian 6, to be acquired by Salesforce.com
Go beyond basic monitoring to analytics25Make course corrections nearly real-time.Use predictive analytics to anticipate demand.
Shoppers want to be “known”26I walk into the storeStore knows it’s meGive me offersAnd plans my visit
Community insight platforms27Communispace and Passenger offer online focus groups solutions.Private communities give better control Get input from specific communitiesCan target specific hard-to-reach communitiesBut they are hard to create – and maintainWho needs to be included? Excluded?Provide non-monetary incentives/rewards for participating in the communityDeserves and requires dedicated community managerIntegrate into your company’s support and innovation processPros and cons of private communities28
Go beyond traditional data to understand your customers29DemographicGeographicPsychographicBehavioralSocialgraphic
Where are your customers online?What social information or people do your customers rely on?What is your customers’ social influence? Who trusts them?What are your customers’ social behaviors online?How do your customers use social technologies in the context of your products.Socialgraphics asks key questions30
Engagement Pyramid31
Engagement Pyramid - Watching32Watch videosRead blog postsListen to podcastsRead tweetsRead discussion forum posts
Engagement Pyramid - Sharing33Share a linkShare photosShare videosWrite a status updateRetweet
Engagement Pyramid - Commenting34Comment on a blogWrite a reviewRate a productParticipate in a discussion forum@Reply on Twitter
Engagement Pyramid - Producing35Write a blogCreate videos or podcastsTweet for an audience
Engagement Pyramid - Curating36Moderate a wiki or discussion forumCurate a Facebook fan page
Engagement Pyramid Data37Source: Global Wave Index Wave 2, Trendstream.net, January 2010
Conduct research to identify the social behaviors of your target customerAlso identify:Where are they online: Surveys or brand monitoringWho do they trust: SurveysWho do they influence: Survey or brand monitoringHow they use these tools in context of your products: Most often surveys.When you first understand your customers, your marketing efforts will naturally unfold.Putting socialgraphics to work38
Listen and learn from your customers. Start with basic monitoring tools, but quickly evolve them.Invest in analytics that matter. Use metrics that are relevant to your business.Understand the socialgraphics of your customers. Summary - Learn39
40AgendaStrategyLearnDialogSupportInnovateLeadPrepare
Conversations, not messagesHuman, not corporateContinuous, not episodicThe New Normal41
Blogs establish thought leadership42CEO Richard Edelman has been blogging consistently since September 2004.
Dos Equis surpasses 1 million ‘likes’, uses social media to increase reach43
Mundo-Contact establishes thought-leadership on Facebook and Twitter44
The Central Bank of Brazil shares articles on twitter45
Encourage commenting to get into the Facebook news feed46
B2B can also use Facebook47Develop relationships with job candidates, prospects, and current employees
Insert your content into newsfeed of fans
B2B is really people to people48Also encourage dialog inside the company
ISS connects distributed work-force with social-powered intranet49“Everyone feels more connected. Socialtext is allowing us to work as a team towards our goals and serve customers more efficiently.”- Erick Vera, Enterprise Social Media Manager
Premier Farnell supports engineers with community, and employees with “OurTube”50
Give out Flip cameras/smartphonesSet up an internal “OurTube”Transcribe conversations into emails and postsAsk people for best practices, reactions, advice, opinion in areas of passion. Recognize key contributors.Getting people to share within your company51
Tivo joined an existing community52
53Advocacy – A five-phase approach
Tesco engages influencer blogs54Blog post series highlights & drives traffic to blogs by Influencers. Twitter feed encouages engagement too.
Visa’s online video campaign increase card payments 19%55
Have an authentic conversation with your customers that they want to have.Engage across and through social communitiesEngage off of your Web site.Recruit an army of customer advocates.Respond to your prospects and customers in real time.Summary - Dialog56
It’s about RELATIONSHIPS© 2011 Altimeter Group
Charlene Licharlene@altimetergroup.comcharleneli.com/blogTwitter: charleneliFor slides, send an email to slides@altimetergroup.comFor more information & to buy the bookvisit open-leadership.com© 2011 Altimeter Group
Support and Innovate With Your Customers59Charlene LiAltimeter Group2011 May 24Twitter: @charleneliEmail: charlene@altimetergroup.com
It’s about RELATIONSHIPS© 2011 Altimeter Group
61AgendaStrategyLearnDialogSupportInnovateLeadPrepare
Telmex provides customer support on Twitter62
Ritz-Carlton managers monitor Twitter for real-time service63Property manager helped unhappy honeymooners
DellOutlet supports sales with Twitter64
Question & Answer sites provide opportunity for support
Q&A encourages dialog too66
iRobot ties discussion boards into customers support67iRobot escalates unanswered questions into support centers
Salesforce.com Service Cloud ties social channels back to customer data68
Solarwinds’ community is strategic69
Retailer Best Buy has 2,500 employees providing support via Twitter70
Real-time isn’t fast enough.Integrate “social” support into your support infrastructure.Scaling support to meet the groundswell will require that you create your own groundswell.Summary - Support71
72AgendaStrategyLearnDialogSupportInnovateLeadPrepare
Participate in crowdsourcing to understand how it works.Create a culture of sharing and collaboration within the company.Encourage “intrapreneurship”.85% of innovations involve optimizing one parameter.Use social media to collect and prioritize ideas.Reduce “power distance” with open leadership and management.How to encourage innovation73
P&G uses reviews to improve products74
GE asked for ideas from around the globe75
Starbucks involves 50 people around the organization in innovation76Over 100 ideas have been implemented
P&G goes outside for innovation77P&G made outside-in innovation a priority
P&G developed technology from diaper researchReached out to competitor Clorox to form a new joint ventureHelped Glad become Clorox’s second largest brandSuccess story: Glad Press’n Seal78
Mobile apps like utour are revolutionizing their industry79
ModCloth has customers merchandise new products80
Innovating can come from any customer or employee interaction.Dedicated innovation communities require significant commitment and nurturing. Extend your firewall to bring  customers into your organization. Summary - Innovating81
Strategy Process Stages82Strategy statementWhat you will do
What you won’t doScenarios developmentImplementation roadblocks
Company and leadership implications
Risk identification
Build resilienceWhat’s the Next Big Thing?83
84
85Identify and prioritizing disruptions that matterUser ExperienceIs it easy for people to use?
Does it enable people to connect in new ways?Business ModelDoes it tap new revenue streams?
Is it done at a lower cost?Ecosystem ValueDoes it change the flow of value?
Does it shift power from one player to another?“How personal relationships, individual opinions, powerful storytelling and social capital are helping brands…become more believable.”1) Likenomics (credit to Rohit Bhargava)86Understand the supply, demand, and thus, value of Likes as social currencySee http://bit.ly/rohit-likenomics for Rohit’s take
Likenomics evaluation87User experience impact - moderatePeople with high social currency will enjoy benefits, richer experiences, receive psychic income.People with low social currency will find ways to get it.Business model impact – moderateNew economics create opportunity for people who understand Likenomics to leverage gas.The cost of accessing social currency will increase, and raise barriers to entry.Ecosystem value impact – none
882) Social Search – Beyond Friends to InterestsSocial sharing rises as a search ranking signal, esp in the enterpriseCreate a social content hub to gain tractionUse microformats to highlight granularity (e.g. hProduct & hReview)
Social Search evaluation89User experience impact - ModerateSearch becomes more useful, relevant to people.Business model impact – ModerateSEO takes on a different dimension, rewards companies with social currency, personalized experiences.Ecosystem value impact – ModerateNew power brokers are social data/profile players who capture activity data and profiles.Google has little of either.
Social monitoring merges with Web analyticsHOT: Omniture, Coremetrics/IBM, WebtrendsTechnology like Hadoop makes it easy for companies to tap “Big Data”E.g. New York Times making its archives publicTwitter archived by Library of CongressFacebook Cassandra, Amazon Dynamo, Google BigTableData visualization tools make it easy to digestBalancing privacy and personalization3) Big Data90
Big Data evaluation91User experience impact - LowMost users won’t directly experience Big Data.Business model impact – HighNew businesses and initiatives can be started at very low cost.Ecosystem value impact – ModerateOwners of Big Data repositories can assert control, demand payments for access.
924) Game-ification
TurboTax used “games” to encourage sharing and support93Social design can enter training, collaboration, support, hiring
Gamification evaluation94User experience impact – HighExperiences get richer, more engagingBusiness model impact – ModerateWork gets done faster, cheaper.New organizational structures and cultures emerge.Ecosystem value impact – LowService providers will remain focused, boutique firms.
955) Curation
Curation evaluation96User experience impact – ModerateUser authority established from better curation, better content is organized well.Business model impact – ModerateEasier for businesses to create their content.Ecosystem value impact – ModerateIndividuals challenge media and brands as authorities – and publishers that siphon off ad dollars.
Summary of disruptions97
It’s about RELATIONSHIPS© 2011 Altimeter Group
Leading The Open Organization99Charlene LiAltimeter Group2011 May 24Twitter: @charleneliEmail: charlene@altimetergroup.com
It’s about RELATIONSHIPS© 2011 Altimeter Group
101AgendaStrategyLearnDialogSupportInnovateLeadPrepare
OUT ofCONTROL?© 2011 Altimeter Group
103© 2011 Altimeter Group
104© 2011 Altimeter Group
105How to give up controlbut still be in command© 2011 Altimeter Group
Open Leadership106Having the confidence and humility to give up the need to be in control,while inspiring commitment from people to accomplish goals
10 elements of openness107
Explaining strategic decisions108Open book managementManaging leaks
109Updating with every day stuff
Kohl’s has conversations on Facebook110
Open Mic: When people contribute111
Crowdsourcing new Walkers flavour112
Open platforms make it easy to partner and share113Open architectureOpen data access
114CentralizedDemocraticDistributedConsensusDecision making models
170 employees100 modules with “module owners”One person makes the final decision in each moduleSocial technologies make distributed decision making possible115Manage complex tasksOrganizing for speed65,000 employees
16 Councils, 50 Boards make strategic decisions
Joint leadership of each groupDetermine how open you need to be with information to meet your goals116Openness audit available at http://bit.ly/opennessaudit
Complete the Openness Audit117
Traits of Open Leaders118AuthenticityTransparency

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Social Media Strategy, HSM Mexico

Editor's Notes

  • #18: MUST INCLUDE
  • #31: We don’t own all of this data. We want to work with others. Including brand monitoring. You have to be holistic in your customer understanding
  • #44: http://www.facebook.com/DosEquis?sk=wall&filter=2http://www.csnews.com/top-story-dos_equis_clicks_with_1m_facebook_fans-57975.htmlDosEquis’ Facebook page features their highly popular “Most Interesting Man in the World” campaign and their posts often generate thousands of likes and hundreds of comments. It’s a good example of a company expanding a brand into a new market (95% of Facebook likes come from the US) and using social media to increase the reach and engagement of a traditional media campaign. #dialog#facebook#foodbev#media#ad#LATAM#mexico
  • #45: http://www.mundo-contact.com/index.phphttp://twitter.com/#!/mundocontacthttp://www.facebook.com/mundocontact?sk=wall&filter=2(additional links)http://www.youtube.com/mundocontacthttp://www.linkedin.com/groups?home=&gid=1755057&trk=anet_ug_hmhttp://www.slideshare.net/mundocontactMundo-Contact frequently posts news articles and blog post-style notes on Facebook to demonstrate their own knowledge of the industry and fascilliate learning among their clients, but they do not allow comments on Facebook or @reply to users on Twitter. In this respect, it’s great that they’re engaging in the space, but they’re missing a key element that could translate into greater added value for them – a two-way dialog instead of a public announcement system. That said, they’re succeeding extremely well in spreading content across multiple channels: Facebook, Twitter, LinkedIn (corporate group with 379 members), YouTube (channel with 171 uploads and 13 favorites), Slideshare (126 presentations, 3 documents), Flikr (197 galleries). They’re talking, but are they listening?About us (Translated from Viadeo Page)Contact World is a company whose executives have extensive industry presence in the Information Technology and Communications (ICT), the contact center, CRM, Marketing and Social Media, which has consolidated an extensive market knowledge and strengthen its development dynamics. Also, contact with the market has allowed it to form a database of more than 40,000 industry executives records linked to the industry, the product of congresses, seminars, publishing a journal, and the 1st . Portal specializes in Latin America.Contact World offers specific routing to the target market for companies providing the best conditions of efficiency and profitability in the efforts of image, brand presence, promotion and sales.#media#LATAM#mexico#b2b#twitter#facebook#fail
  • #46: http://twitter.com/#!/BancoCentralBRhttp://bcb.gov.br/The Central Bank of Brazil uses their twitter account to share articles and establish themselves as a primary source of information in the financial sector, but they do not @ reply or engage with their followers directly.
  • #47: http://www.facebook.com/interrailnet?sk=wall&filter=2
  • #48: http://www.facebook.com/ernstandyoungcareers?sk=wall&filter=120110330#charlene#facebook#b2b#dialog#hr#recruitment
  • #50: http://www.socialtext.com/customers/casestudy_iss.phpUsing workspaces inside Socialtext, employees were encouraged to share key documentation around processes, policies, and customer issues. As people update critical business content, they share their work over Socialtext Signals, a secure enterprise microblogging application. Signals has the same look and feel as Facebook's News Feed. After people share a message, they can have a threaded conversation with their colleagues around that piece of content. More significantly, everyone sees this open Question & Answer. So if someone in a different ISS Mexico office had the same question about the paint, they wouldn't have to burden the warehouse with extraneous e-mail communication, answering the same thing over and over. Signals also allows for more fine-tuned information sharing. So in addition to sharing with the entire company, ISS Mexico's social intranet has groups such as IT, Facilities, Executives, Sales and Marketing. They can share a Signal and corresponding with one group, or all of them.#community#dialog#support#socialtext#intranet#mexico#LATAM
  • #55: http://wearesocial.net/tesco/http://blog.clothingattesco.com/category/clothing-at-tesco-loves/
  • #56: http://synthesio.com/corporate/wp-content/uploads/2011/02/synthesio-social-media-in-latin-america.pdfFrom January to April of 2010, for the launch of their new credit card in the Mexican market, Visa organized a competition calling on participants to show their creativity. Web users had to create a short video showing or explaining why they prefer to pay by credit card rather than cash. Visa developed a platform that united all UGC videos for people to then vote on their favorite. Each week they highlighted the video that had received the most votes and the grand prize winner won a trip for two to South Africa with tickets to the World Cup (Visa was a partner for the event). The social campaign, carried out in Brazil and Colombia, as well, was deemed a success and allowed Visa to gain clients in each of these markets: • 355 fans for the Facebook page « Yopago con Visa débito»• 64 video entries• 28,724 votes• 5,742 votes for the winning video • +19% increase in card payments in Mexico between April and June 201#video#dialog#advocate#campaign#mexico#LATAM
  • #63: http://twitter.com/#!/TELMEXSolucionaTelmex, a Mexican telecommunication GIANT (they own 90% of the telephone lines in Mexico and monopolize the ISP and IPTV markets as well), provides support for customers on Twitter. If they can’t answer a customer’s questions, they either offer them links/phone numbers to contact them or ask for their number and will call them directly. Based on the Tweets I translated, they seem very friendly and professional here.#twitter#support#mexico#LATAM
  • #66: http://www.linkedin.com/answers?trk=hb_tab_aynhttp://www.facebook.com/?sk=questions&ap=1http://www.quora.com/Which-are-the-best-social-media-blogs-in-Spain?q=spain+social+media
  • #68: http://searchcrm.techtarget.com/news/1350030/Should-marketing-or-customer-service-manage-your-social-networking-efforts
  • #74: http://www.innovationmanagement.se/2010/11/24/innovation-in-south-america/
  • #76: http://www.innovationmanagement.se/2010/11/24/innovation-in-south-america/http://www.globalinnovationindex.org/gii/main/home.cfmAfter almost two months from the moment this ¨Challenge¨ started, let us take a look at some of the results:+ 2,090 ideas+ 83,600 votes+ 39,600 comments+ 35,700 usersven when the Challenge has really been a success South American participation was represented by just 70 ideas (3.33% of the total).Screenshot: http://challenge.ecomagination.com/ct/ct_a_view_idea.bix?c=ideas&idea_id=96D4AF0D-8C26-4CC5-B130-A356FD494621#brazil#latam#innovate#charlene05042011Received 259 comments.
  • #77: Starbucks has a site where people can make suggestions on how they should improve. The key difference is that the suggestions are public, and people can vote for their favorite suggestions. Here’s an example of automatic ordering. Note that there is a status update here “Under Review”.http://mystarbucksidea.force.com/<tags>#foodbev<region><country>#community#innovate<market><research area>#charlene
  • #80: http://area2oh3.com/social-media-tourism-mexico/http://www.utour.travel/utour/home.htmlTourism is Mexico’s third largest contributor to their GDP and tourists are often “highly digitized”. Utour is an application for the iPad and iPod Touch that enriches travelers’ experiences with multimedia, including videos and photos. For example, imagine you are walking around the ruins of Palenque in Mexico. As you view each structure, you can view them as they were originally and even view video of Mayans performing every day rituals in the very same spot you’re standing. Think of it as a virtual walking tour.A mobile app like this is a good example of a technology that is disrupting a long-established industry.#innovate#mobile#app#tourism#mexico#LATAM
  • #137: Define how open well.