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Finding	
  Value	
  In	
  Social	
  Media	
  
	
  	
  
October	
  2013	
  
Companies	
  need	
  to	
  expand	
  the	
  concept	
  of	
  “returns”	
  
and	
  their	
  significance	
  to	
  the	
  company.	
  

Companies	
  focusing	
  purely	
  
on	
  the	
  financial	
  aspects	
  of	
  
investment	
  and	
  return	
  

Failure	
  to	
  recognize	
  that	
  
the	
  very	
  nature	
  of	
  the	
  
market	
  has	
  changed.	
  	
  	
  

Social	
  media	
  doesn’t	
  just	
  contribute	
  to	
  brand	
  value;	
  it	
  can	
  also	
  acEvely	
  
express	
  brand	
  value	
  through	
  the	
  newly	
  visible	
  flows	
  of	
  non-­‐monetary	
  
economic	
  value	
  that	
  traverse	
  social	
  networks.	
  

Source:	
  Measuring	
  –	
  and	
  Capturing	
  –	
  the	
  Value	
  of	
  Social	
  media,	
  DeloiCe	
  2012.	
  
Just	
  as	
  money	
  flows	
  through	
  the	
  
economy,	
  so	
  too	
  does	
  informaJon.	
  	
  
Likewise,	
  movements	
  of	
  data,	
  labor,	
  capital,	
  and	
  even	
  customers’	
  
aLenEon	
  represent	
  flows	
  within	
  the	
  business	
  system.	
  

a)  Flows	
  of	
  aCenJon:	
  transforming	
  media	
  metrics	
  (less	
  expensive	
  costs)	
  
b)  Crowd-­‐sourced	
  labor:	
  community	
  support	
  via	
  social	
  channels	
  (cost	
  avoidance)	
  
c)  Data	
  &	
  Stories:	
  customers	
  idenEty,	
  habits	
  and	
  behaviors	
  (revenue	
  gained	
  or	
  lost)	
  

Source:	
  Measuring	
  –	
  and	
  Capturing	
  –	
  the	
  Value	
  of	
  Social	
  media,	
  DeloiCe	
  2012.	
  
Forming	
  R.E.A.L.	
  RelaJonships	
  

Source:	
  Measuring	
  –	
  and	
  Capturing	
  –	
  the	
  Value	
  of	
  Social	
  media,	
  DeloiCe	
  2012.	
  
What	
  makes	
  social	
  technologies	
  powerful?	
  
1.  Being social is a feature not a product.
2.  Social technologies enable social behaviors at an Internet scale.
3.  Social technologies enable new forms of content creation, distribution, and consumption.

4.  Social	
  technologies	
  can	
  capture	
  the	
  structure	
  and	
  content	
  of	
  interacEons.	
  	
  
	
  
5.  Social	
  technologies	
  can	
  be	
  disrupEve	
  to	
  exisEng	
  power	
  structures.	
  	
  
6.  Social	
  plaXorms	
  extend	
  the	
  disintermediaEng	
  power	
  of	
  the	
  Internet.	
  	
  
7.  Social	
  technologies	
  enable	
  unique	
  insights.	
  	
  

Source:	
  The	
  social	
  economy:	
  Unlocking	
  value	
  and	
  producEvity	
  through	
  social	
  technologies,	
  McKinsey	
  &	
  Co	
  2012	
  
Source:	
  The	
  social	
  economy:	
  Unlocking	
  value	
  and	
  producEvity	
  through	
  social	
  technologies,	
  McKinsey	
  &	
  Co	
  2012	
  
Source:	
  The	
  social	
  economy:	
  Unlocking	
  value	
  and	
  producEvity	
  through	
  social	
  technologies,	
  McKinsey	
  &	
  Co	
  2012	
  
Source:	
  The	
  social	
  economy:	
  Unlocking	
  value	
  and	
  producEvity	
  through	
  social	
  technologies,	
  McKinsey	
  &	
  Co	
  2012	
  
Thanks!
Fabián Baldovinos
fabian.baldovinos@havasmedia.com
@baldovinux

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Finding_Value-in-SocialMedia

  • 1. Finding  Value  In  Social  Media       October  2013  
  • 2. Companies  need  to  expand  the  concept  of  “returns”   and  their  significance  to  the  company.   Companies  focusing  purely   on  the  financial  aspects  of   investment  and  return   Failure  to  recognize  that   the  very  nature  of  the   market  has  changed.       Social  media  doesn’t  just  contribute  to  brand  value;  it  can  also  acEvely   express  brand  value  through  the  newly  visible  flows  of  non-­‐monetary   economic  value  that  traverse  social  networks.   Source:  Measuring  –  and  Capturing  –  the  Value  of  Social  media,  DeloiCe  2012.  
  • 3. Just  as  money  flows  through  the   economy,  so  too  does  informaJon.     Likewise,  movements  of  data,  labor,  capital,  and  even  customers’   aLenEon  represent  flows  within  the  business  system.   a)  Flows  of  aCenJon:  transforming  media  metrics  (less  expensive  costs)   b)  Crowd-­‐sourced  labor:  community  support  via  social  channels  (cost  avoidance)   c)  Data  &  Stories:  customers  idenEty,  habits  and  behaviors  (revenue  gained  or  lost)   Source:  Measuring  –  and  Capturing  –  the  Value  of  Social  media,  DeloiCe  2012.  
  • 4. Forming  R.E.A.L.  RelaJonships   Source:  Measuring  –  and  Capturing  –  the  Value  of  Social  media,  DeloiCe  2012.  
  • 5. What  makes  social  technologies  powerful?   1.  Being social is a feature not a product. 2.  Social technologies enable social behaviors at an Internet scale. 3.  Social technologies enable new forms of content creation, distribution, and consumption. 4.  Social  technologies  can  capture  the  structure  and  content  of  interacEons.       5.  Social  technologies  can  be  disrupEve  to  exisEng  power  structures.     6.  Social  plaXorms  extend  the  disintermediaEng  power  of  the  Internet.     7.  Social  technologies  enable  unique  insights.     Source:  The  social  economy:  Unlocking  value  and  producEvity  through  social  technologies,  McKinsey  &  Co  2012  
  • 6. Source:  The  social  economy:  Unlocking  value  and  producEvity  through  social  technologies,  McKinsey  &  Co  2012  
  • 7. Source:  The  social  economy:  Unlocking  value  and  producEvity  through  social  technologies,  McKinsey  &  Co  2012  
  • 8. Source:  The  social  economy:  Unlocking  value  and  producEvity  through  social  technologies,  McKinsey  &  Co  2012