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#yamvalue @yammer
Finding Value In Serendipity WebinarFebruary 28, 201210:00 am PST
#yamvalue @yammer
Daniel Rasmus Industry Analyst & Strategist @danielwrasmus
Brian Cator Sr. Dir. Communications & Store Operations @briancator
Maria Ogneva Head of Community @themaria
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What Is Serendipity?
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The World Has Changed
linear networked
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We Need To Update Our Thinking
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Industrial Economy Serendipity Economy
Traditional measures do not account for the value from serendipitous activity
VS. • Focuses on incremental improvements
• Measures inputs and outputs
• Standard measurements to gauge improvements
• Views serendipitous activity as “intangibles”, too difficult to measure
• Exists alongside Industrial economy
• Economic model that is emergent & unpredictable
• Unfolds in a non-linear way
• Have yet to create a measurement system to account for it
We have to update our paradigm
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Process Separation
Time Delay
Un-forecastable Value
External Validation Dynamic Configuration Undefined network potential
How Is Serendipity Economy Different?
1 2
3 4
5 6
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Differentiator 1: Process Separation
What this means for you
Idea Creation time
! ! !
! !
Value is generated throughout the existence of an idea, not just the moment
it was created
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S M T W Th F s
Differentiator 2: Time Delay
Users sharing merch. photos
Photos leads to strategy convo
Takes several weeks to realize
the value
Network created
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Differentiator 3: Un-forecastable Value
Leads Ideas
Questions
?
?
Network
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Differentiator 4: External Validation
Peer posts a photo of new merchandising display on Yammer
See merchandising photo on Yammer,
apply this concept to your store
Run sales report to assess if new
merchandising strategy boosted
sales
Second process validates the first
Only the third process can validate the
application of the new merchandising
concept
1 2 3
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Differentiator 5: Dynamic Configuration
• Began using Yammer in 2008
• Transformation through serendipity
• Reduce turnover rate of 2% vs. firm-wide
average of 15-20%
Usefulness increases with number of people and ideas
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Differeniator 6: Undefined Potential
Serendipity may enter at any point & change configuration
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Now what?
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Serendipity at 7-11
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Intended benefits Unintended benefits
We had a general thesis, but we couldn’t foresee all the benefits
• Restructuring of the field organization
• Simplification of the infrastructure
• Getting field consultants into the stores
• Sharing best practices • Feeling connected
• Increased store performance
• Increased market performance
• Morale booster • Expansion of the notion of a team
• Faster onboarding • Increased quality of answers
• Faster iteration
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What do diapers and beer have in common?
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Recognize success!
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Encouraging Serendipity
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10 Steps To Planned Serendipity
1 Go big or go home
2 Integrate social profiles with performance
3 Make the system accessible
4 Give people permission to collaborate
5 Track results:
Use a tag #yamwin or #yammersuccess to track value
6 Learn from failure
7 Look beyond productivity and efficiency
8 Executives, lead by doing
9 Celebrate value
10 Be patient
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Please use the questions module on the lower left
Q&A
Daniel Rasmus Industry Analyst & Strategist @danielwrasmus
Brian Cator Sr. Dir. Communications & Store Operations @briancator
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Thank You
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