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SOCIAL MEDIA AND REGULATED INDUSTRIES How to Have Fun AND Stay Out of Trouble

Having Fun with Social Media in Regulated Industries

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SOCIAL MEDIA AND

REGULATED

INDUSTRIES

How to Have Fun AND Stay Out of Trouble

About Me

Shannon Paul, Social Media Manager,

Blue Cross Blue Shield of Michigan

Twitter: @ShannonPaul

Blog: http://VeryOfficialBlog.com

Experience managing social media for health

care, financial services and professional sports

organizations

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

2

Social Media is Not Well Understood in

Regulated Industries

Challenge #1: Confusion

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

3

70% of All Companies Ban Access

to Social Networking Sites

Love/Hate Relationship with Social Media4

Demand for social media skills is

up 94 percent since 2010

BUT, Demand for Social Skills is

Skyrocketing5

Social Media is Inevitable

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

6

Planning and Approval Processes Deter

Real-Time Communication

Challenge #2: Rules7

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

When plans align and support existing business

initiatives, the effort makes sense and the rewards

are apparent

Is Social Media Worth the Effort?8

Activity vs Impact?

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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How much work goes into a single tweet or

status update?

Does engagement pose additional risks?

Does your activity create more work for

others?

Do approval requests contain enough context?

Helping Others Understand EXACTLY What

You Would Like to do with Social Media

Solution #1: Plan10

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

Real Strategies Align & Accrue

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

11

Your social

media

strategy

should align

with parent

business

strategies

Look Inward

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

12

Know thyself:

Operational alignment or one-off experiment? Hint: Without operational alignment, you have a one-off

experiment

One-off experiments often grow up into programs that align and

accrue to business goals

Who’s your daddy? Get clear on overarching business goals and objectives

Understand the parent strategy you wish to support with social

media activity

Competitive Analysis Where are your competitors?

Build a Scope of Conversation

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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What is the role of your brand in each social

network: Who you will/won’t be

Are you a facilitator or a participator?

Will you be instructive or simply share a “behind

the scenes” experience

Will you be proactive – create content for social

audiences to interact with? Or reactive –

responding only to customer complaints or

mentions?

Using Your Plan to Articulate the Risks

and Rewards of Your Proposed Social

Media Engagement Strategy or

Campaign

Solution #3: Get Permission14

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

How Lawyers Often Think15

Articulate

the risks and

rewards of

your social

media

engagement

strategy

Recipe for Success: Precision

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Explain exactly what you want to do and how you plan to do it

This does not mean telling legal you want to “get the company on Facebook” – this is not a plan

Explain exactly what you need from them

Disclaimer for known risks

Terms and conditions

Research and identify potential risks

Explain the strategic goal for your activity in terms of your parent strategy and how your social media tactics align

Explain the opportunity risk of NOT doing what you propose

CASE STUDYHow Blue Cross Blue Shield of Michigan Uses Social Media

BCBSM’s Approach to Social

Media Ecosystem approach to social content

focused on:

• Strengthening relationships with community stakeholders,

• Building trust and authority on issues of health and wellness for all Michigan residents

• Extending brand and value proposition to social networks (go where the people are)

• Twitter:

• @BCBSM

• @BCBSMnews

• @HealthierMI

• Facebook

• Facebook.com/BCBSM

• Facebook.com/HealthierMIShannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Make Internal Expertise

“Social”

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Our blog, A

Healthier

Michigan

grew from

9,000 page

views in

January

2011 to

more than

58,000 page

views in

January

2012

Looking for Opportunities to Align

Find the FUN!20

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

Event Sponsorships

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Increased broadcast media exposure for company sponsorship of a local festival at no additional cost

Great boost to employee morale

More than 5,000 views on YouTube

Sports and Cause Marketing

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Monday Night Football Breast Cancer Awareness

PSA with Matthew Stafford linked to aHealthierMichigan.org

aHealthierMichigan.org profiled breast cancer survivors who accompanied BCBSM CEO Dan Loepp onto the field for ACS donation

“Curable Towels” passed out to fans at the game, and given to @HealthierMIfollowers as trivia prizes after the game

Press Conferences

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Social media influencers and bloggers (including those from other downtown Detroit businesses) were invited to our ribbon-cutting press event at Detroit’s iconic Renaissance Center

Loyalty Programs

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Holiday

promotion for

Healthy Blue

Xtras –

BCBSM’s

member

discount

program

leveraged

social media

content to

drive interest

and

engagement

Why “fun” matters

Bringing it Home25

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

“Fun” Can Bring Value to Your

Business

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

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Looking for external opportunities to use social media to boost outcomes helps: Establish business processes to support effective

social media engagement with relatively few risks to the organization

Build internal relationships you need to support a sustainable social media presence

Build external online relationships before you need them

Humanize the organization

“Normalize” social media as a business tool

Rationalizes the need for a budget to become a functional area of your business

THANK YOU!

Shannon Paul, Social Media Manager, Blue Cross Blue Shield of

Michigan

27

Q&A

Shannon Paul

Twitter: @ShannonPaul

Blog: http://VeryOfficialBlog.com

Email: [email protected]