Mastering Social Media Workshop 1

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Mastering Social Media for Sustained Business Growth

Dr. Jim Hamill Alan StevensonVincent Hamill

www.energise2-0.com

May, 2011

http://www.energise2-0.com/

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Mastering Social Media

• Welcome and Introductions

• About the Programme

• Workshop 1: ‘The Foundations’

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Welcome and Introductions

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About the Programme

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SM Opportunities and Progress Made

• Used effectively, social media can lead to the following business benefits for SMEs

– Market/customer knowledge & insight through customer feedback and the use of social media monitoring tools

– Low cost brand awareness and reputation management– Increase sales/repeat sales– Build strong online community/ quality customer base of high

value, high growth potential customers– Engage and energise– Enhanced customer experience and loyalty– Sales/marketing effectiveness, efficiency and ROI– Operational / internal process efficiency (open source and hosted

apps)

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• Interest and enthusiasm among SMEs is growing rapidly - channels are being set up

• SMEs fall into three main groups in terms of progress made– Progressive Adopters – Cautious/ Experimental Adopters– Non Adopters

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• While some good progress is being made, there is a need for a more ‘strategic’ approach

• Clear social media vision and strategy, agreed objectives, KPIs, targets, ROI and on-going performance measurement

• More attention needs to be paid to organization, people, resource issues critical to on-going SM success

Social Media Planning Pays

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Programme Overview

Key issues in planning, developing,implementing and managing a

successful social media strategy,including performancemeasurement and ROI

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Programme Overview

• The key strategic, management and organizational challenges involved in planning, implementing and managing an effective social media strategy

• ‘Social Media Planning Pays’……. SM success requires sound planning and the application of professional project management procedures …. but not paralysis by analysis

• A key objective is to ensure that your SM Strategy is fully aligned behind and supportive of your core business/marcoms goals and objectives

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Key Questions To Address

• What social media channels should you engage with and how deep should your level of engagement be?

• How can social media best help you to achieve your overall strategic goals and objectives?

• What resource should you commit to social media?

• What Key Performance Indicators (KPIs) should you use and how can Return on Investment be measured?

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Key Questions To Address

• How open should your organization become?

• What new ‘mindsets’ are required?

• What new skills, knowledge and staff training are required?

• Action plans for successful channel development

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Programme Structure

• Three one day workshops

• Online support www.energise2-0.com

• ‘Social Media Toolkit’ Exercises

• Follow-Up Meeting

• Implementation Support?

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Mastering SM Tab

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Programme ‘Mindset’

• Interaction and two-way dialogue NOT broadcasting

• Crowdsourced learning – NOT ‘sage on the stage’

• Input = Output

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Questions about the Programme?

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Where are you in terms of Social Media?

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Mastering Social Media for Sustained Business Growth

Workshop 1‘The Foundations’

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Workshop 1 Overview

• Overview of social media – what is it?• How important has it become? – social media size and growth• Features and characteristics – the key things to remember

about social media• The new ‘mindset’ and performance measures required• Potential business benefits of social media• Social media in action – case examples• Establish a strong foundation for developing, implementing and

managing a successful Social Media Strategy – Workshops 2 and 3

‘Social Media Planning Pays’

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‘Stop and Reflect’ Exercises

Three exercises to reinforce your knowledge/understanding and to establish a strong foundation for SM strategy development

•Social media landscape evaluation•Internal audit of progress made•Are you ‘ready to engage’?

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What is Social Media?

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What is Social Media?

The three main components:

ApplicationsFeatures and characteristics

Business impact

Web 2.0/Social Media

Web 2.0 Applications

Open sourceOnline Applications/ Web ServicesSocial Network SitesSocial Content – Social BookmarkingBlogs or WeblogsWikisPodcasts/ VodcastsVirtual RealitiesMash UpsRSS FeedsMobile Web; Internet TelephonyTwitterCharacteristics

Communities and NetworksOpennessSharingPeeringHosted Services – online applications; the Internet as the platformInteractivitySocial ElementMass CollaborationEmpowermentGlobal

Business Impact

MindsetBusiness IntelligenceCustomer Insight and UnderstandingCustomer InteractionEnhanced Customer Experience –

Rich Internet ApplicationsReputation ManagementSales and Marketing Product Development and R&D e.g.

engage and co-createIT/Software/ApplicationsOperations, Internal Processes and

HRM

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Social Media in Plain English

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How important has it become?

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The Social Media Revolution

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‘Stop and Reflect’

Exercise 1:

•Impact - What impact is social media having on your industry? How important has it/will it become?

•Customers – How are your customers using social media? What impact is it having/will it have on customer behaviour?

•What are the opportunities and threats for your business?......discussion of business benefits to follow…..

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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

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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

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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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Exercise 1 (continued):

•Applications – What social media applications are most relevant to your business? Map these against agreed business benefits

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Map Applications to Business Benefits

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Key Things to Rememberabout Social Media

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Key Things to Remember

• It’s social– A key feature is online democracy – with content being provided

by the network for the network – represents a fundamental and revolutionary change in online behaviour, expectations and the online customer experience. The end of the ‘read only’ internet

– Conversations are taking place relevant to your business• Power shift

– Social media empowers customers, empowers the network. Recognizing this shift is the cornerstone of future success

– Especially true in information intense industries• Declining effectiveness of traditional approaches

– Does anyone listen to sales/brand messages anymore?

ENERGISE2-0.COMSource: The Future of Advertising, APA, 17/02/09 as published on Slideshare (www.slideshare.com)

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• Pull v push– Consumers/users decide what information they wish to access

• New ‘mindsets’ are required– Marketing as a conversation with your customers/network–

dialogue not broadcasting– But this is something that most of us are not very good at doing.

We prefer ‘telling’ people• SM ‘winners’ and ‘losers’

– ‘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

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• New performance measures– Requires new performance measures

• Quality of your network• Relationship strength• Ability to leverage

• Social media monitoring tools

• The need for new business/marketing models

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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

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The ‘6Is’ Approach

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The need for new business/marketing models

– Traditional approach:• Product development – Differentiate – Market and Promote -

Sell

– New model based on: • Communities, networks, openness, peering, sharing,

collaboration, customer empowerment, ‘think and act’ globally

• Engage and energise• ‘Create the Buzz’

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Exercise 1 (continued) – Homework

•Conversations – what online conversations are taking place relevant to your business, where and what is being said?

•Features and characteristics – summarise the key features and characteristics of social media relevant to your business

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Monitoring the Conversations

• Use Social Media Monitoring Tools to monitor online conversations relevant to 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

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Social Media in Action

Quick Examples

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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…

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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

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Will It Blend? - iPad

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5.7 Million Views

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United Breaks Guitars

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10.2 Million Views

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Crowdsourced NPD

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266,555 on Facebook

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1.6 Million Twitter Followers

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www.skittles.com

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www.chelseafc.com

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The Café Gandolfi Story

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Exercise 2:Undertake an Internal Social Media Audit. Key questions to address include:•What progress have we made?•What social media channels do we already use?•What is the level of engagement with each channel?•What positive business benefits have we derived from our social media activities?•Where are the main areas for future improvement?

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‘Social Media Planning Pays’

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

Covered in more detail in Workshops 2 & 3

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Social Media Development Cycle

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SM Development Cycle

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Ten Key Steps

• EVALUATE YOUR SOCIAL MEDIA LANDSCAPE– Applications, impact, customers, conversations, features and

characteristics • AGREE YOUR GENERIC SOCIAL MEDIA STRATEGY

– Channels and depth of engagement• KEY PERFORMANCE INDICATORS

– Measuring success• INTERNAL SOCIAL MEDIA AUDIT

– Progress benchmarking• READINESS TO ENGAGE

– Are you ready to engage?

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Ten Key Steps

• SOCIAL MEDIA STRATEGY DEVELOPMENT– Vision, strategy, objectives, targets, customers, key initiatives

and actions• CHANNEL ACTION PLANS

– “Getting there”• ORGANISATION, RESOURCE AND PEOPLE ISSUES

– The key pillars of social media success• IMPLEMENTATION

– Professional project management for social media success• MONITOR AND MEASURE

– On-going performance measurement

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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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Already covered the External and Internal Analysis

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Key Steps in Developing Your Social Media Strategy and

Action Plans for ‘Getting There’

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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

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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……

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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 (including participation in ‘external’ social media channels)

• Organisation, Resource and People Issues

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Social Media Strategy Map

Brief statement of your overall 2.0/Social Media Vision and Mission Strategic Objectives Customer Perspective Internal Management Perspective Organisation Perspective

Strategic Objectives KPIs / Targets

KPIs / Targets KPIs / Targets

KPIs / Targets

Customer Group 1

Customer Group 2

Customer Group 3

Customer Group 4

2.0/Social Media Initiative 1 - Objectives - KPIs - Targets - Actions




Organisation People Resource

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Exercise 3:

•Are you ready to engage?

•Social media strengths and weaknesses; the main barriers and obstacles to be overcome

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Readiness to Engage

Strengths Weaknesses

List here the main SM strengths of your organisation e.g. strong brand, quality customer base, customers already active in Social Media etc.

List here the main SM weaknesses of your organisation e.g. limited staff knowledge and understanding, resource issues, organizational mindset, influence/attitude of the IT Dept etc.

Obstacles/Barriers Overcome

Detail the main obstacles and barriers for your organisation.

Indicate how barriers will be overcome, including in-sourcing / out-sourcing options

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Bob Dylan

Come gather 'round peopleWherever you roamAnd don’t criticise

What you can't understandYour sons and your daughters

Are beyond your commandYour old road is

Rapidly agin‘Then you better start swimmin’

Or you'll sink like a stoneFor the times they are a-changin’

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Thank You

Questions

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Workshop 2

Social Media Strategy Development

• Using the ‘Toolkit’, participants will agree the social media vision and strategy for their company; the key objectives and targets to be achieved; KPIs; customer segmentation; the key social media actions and initiatives to take; organisation, people and resource issues.