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14 Steps to a
 Connected
   Brand
           by Steve Massi
A spider web?


• The spider web
   – Its silk has a tensile strength comparable to high
     grade steel
   – Is highly ductile, able to stretch up to 1.4x relaxed
     length without breaking
   – Its unique mechanical properties allow it to be
     strong yet flexible, adapt to its environment, and
     retain it’s strength even when threads are broken
A spider web and brand?


• How can today’s brands imitate the spider
  web
   –   Be flexible
   –   Be agile
   –   Share responsibility
   –   Adapt to change and the environment
   –   Enable individual strength
   –   Yet stay connected
Do Connected Brands make
    economic sense?
Does this model work?


    • According to McKinsey*, fully networked
      brands see measurable business benefits:
           – Market share gains
           – Improved operating margins compared to
             competitors
           – Market leadership




*McKinsey: The rise of the networked enterprise, Dec/2010
Does this model work?


    • And benefit multiple stakeholders*:
           – Employee benefits saw a 31% mean improvement
           – Customer benefits saw a 24% mean improvement
           – Partner benefits saw a 27% mean improvement




*McKinsey: The rise of the networked enterprise, Dec/2010
Does this model work?

    •      Increasing social capital facilitates value creation*:
           – The three dimensions of social capital assessed
              • Social interaction
              • Trustworthiness
              • Shared vision
           – “Had significant effects, directly or indirectly, on
             resource exchange and combination.”
           – “Also, the extent of resource exchange and
             combination was associated with product
             innovation.”

*Social Capital and Value Creation: The Role of Intrafirm Networks, Wenpin Tsai; Sumantra Ghoshal, The Academy of Management Journal
What must brands do to become
        connected?
Four broad action steps*


    1. Integrate the use of Web 2.0 tools and
       technologies into employees’ day-to-day work
       activities
    2. Continue to drive adoption and usage
    3. Break down the barriers to organizational
       change
    4. Apply Web 2.0 technologies to interactions
       with customers, business partners and
       employees
*McKinsey: The rise of the networked enterprise, Dec/2010
Specific steps to ensure success

5. Make sure the organization is aligned around
   its Vision, purpose, values and metrics
   – Otherwise, how will you know where you’re
     going, how you’ll get there, and that you’re on
     the right path?
6. Establish guidelines for engagement
   – Particularly relevant for social technologies
Specific steps to ensure success

7. Understand goals and challenges
   – Increase access to and sharing of knowledge
   – Create more tacit interactions
   – Stretch to explore co-creation opportunities
8. Identify tools and deploy training
   – These include sharing, collaboration and social
     networks
Additional steps to ensure success

9. Identify key (or rollout) contributors, leaders
   and engagers
10. Deploy people skills training
   – Collaboration skills, language and behaviors
11. Collaborate to develop content and
    engagement strategies
Additional steps to ensure success

12. Collaborate for content creation, curation
    and aggregation
13. Identify challenges for specific innovation
    engagements
14. Measure against defined benchmarks and
    metrics
Implications for brands


 • The Connected Brand must be guided by
   Vision and agreement on goals
 • A framework can be set with guidelines for
   engagement
 • Optimizing tools and usage requires training
 • People drive connectivity and collaboration
   through your stakeholder relationships, make
   sure they are equipped
Thanks


 Please feel free to share or contact me

 •Steve Massi
 •steve@stevemassi.com
 •linkedin.com/in/stevemassi
 •twitter.com/stevemassi
 •stevemassi.com

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14 Steps to a Connected Brand

  • 1. 14 Steps to a Connected Brand by Steve Massi
  • 2. A spider web? • The spider web – Its silk has a tensile strength comparable to high grade steel – Is highly ductile, able to stretch up to 1.4x relaxed length without breaking – Its unique mechanical properties allow it to be strong yet flexible, adapt to its environment, and retain it’s strength even when threads are broken
  • 3. A spider web and brand? • How can today’s brands imitate the spider web – Be flexible – Be agile – Share responsibility – Adapt to change and the environment – Enable individual strength – Yet stay connected
  • 4. Do Connected Brands make economic sense?
  • 5. Does this model work? • According to McKinsey*, fully networked brands see measurable business benefits: – Market share gains – Improved operating margins compared to competitors – Market leadership *McKinsey: The rise of the networked enterprise, Dec/2010
  • 6. Does this model work? • And benefit multiple stakeholders*: – Employee benefits saw a 31% mean improvement – Customer benefits saw a 24% mean improvement – Partner benefits saw a 27% mean improvement *McKinsey: The rise of the networked enterprise, Dec/2010
  • 7. Does this model work? • Increasing social capital facilitates value creation*: – The three dimensions of social capital assessed • Social interaction • Trustworthiness • Shared vision – “Had significant effects, directly or indirectly, on resource exchange and combination.” – “Also, the extent of resource exchange and combination was associated with product innovation.” *Social Capital and Value Creation: The Role of Intrafirm Networks, Wenpin Tsai; Sumantra Ghoshal, The Academy of Management Journal
  • 8. What must brands do to become connected?
  • 9. Four broad action steps* 1. Integrate the use of Web 2.0 tools and technologies into employees’ day-to-day work activities 2. Continue to drive adoption and usage 3. Break down the barriers to organizational change 4. Apply Web 2.0 technologies to interactions with customers, business partners and employees *McKinsey: The rise of the networked enterprise, Dec/2010
  • 10. Specific steps to ensure success 5. Make sure the organization is aligned around its Vision, purpose, values and metrics – Otherwise, how will you know where you’re going, how you’ll get there, and that you’re on the right path? 6. Establish guidelines for engagement – Particularly relevant for social technologies
  • 11. Specific steps to ensure success 7. Understand goals and challenges – Increase access to and sharing of knowledge – Create more tacit interactions – Stretch to explore co-creation opportunities 8. Identify tools and deploy training – These include sharing, collaboration and social networks
  • 12. Additional steps to ensure success 9. Identify key (or rollout) contributors, leaders and engagers 10. Deploy people skills training – Collaboration skills, language and behaviors 11. Collaborate to develop content and engagement strategies
  • 13. Additional steps to ensure success 12. Collaborate for content creation, curation and aggregation 13. Identify challenges for specific innovation engagements 14. Measure against defined benchmarks and metrics
  • 14. Implications for brands • The Connected Brand must be guided by Vision and agreement on goals • A framework can be set with guidelines for engagement • Optimizing tools and usage requires training • People drive connectivity and collaboration through your stakeholder relationships, make sure they are equipped
  • 15. Thanks Please feel free to share or contact me •Steve Massi •steve@stevemassi.com •linkedin.com/in/stevemassi •twitter.com/stevemassi •stevemassi.com