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Social Strategy:
Getting Your Company Ready
Charlene Li
Founder and Partner
1
Jeremiah Owyang
Partner
April 14, 2010 #socialchecklist
© 2010 Altimeter Group
 Technology is only part of the solution. Getting
your company ready and developing a strategy
are the key drivers of success.
 Our final webinar (Part 3) of this series will help
you get your company ready with our Social
Readiness checklist.
 View all webinar slides and recordings, including
today’s, at: blog.altimetergroup.com
 Use the hashtag #socialchecklist for today
A 3-part series
2
© 2010 Altimeter Group
Companies Jump Into Social
Image by Roo Reynolds used with Attribution as directed by Creative Commons http://www.flickr.com/photos/zerega/1366292835
© 2010 Altimeter Group
Yet Most Companies
Fail to Plan Properly
Image by divemasterking2000 used with Attribution as directed by Creative Commons http://www.flickr.com/photos/divemasterking2000/3827673841
© 2010 Altimeter Group
Many companies do not engage with their
customers
Source: http://www.engagementdb.com
5
ENGAGEMENTdb
ranked the world's most
valuable brands based
on how they leverage
social media to interact
with customers.
© 2010 Altimeter Group
Many companies like the idea, but don’t
fully execute
6
© 2010 Altimeter Group
7
Get Ready Internally First
© 2010 Altimeter Group
8
To be successful using social technologies,
companies must first prepare and align
internal roles, processes, policies and
stakeholders with their business
objectives. Social business is a profound
change that impacts all departments in the
organization.
© 2010 Altimeter Group
 Getting Your Company Ready
• Research
• Planning
• Resources
 Social Readiness Checklist and Scorecard
 Questions
Agenda
9
© 2010 Altimeter Group
10
Getting Your Company Ready
11
© 2010 Altimeter Group
Research
© 2010 Altimeter Group
Demographics
e.g. Where are moms
online?
Customer profile
12
Psychographics
e.g. Who are moms
influenced by?
Source: “Digital Mom,” RazorFish and CafeMom, 2009
© 2010 Altimeter Group
1. Where are your customers online?
2. What are your customers’ social behaviors
online?
3. What social information or people do your
customers rely on?
4. What is your customers’ social influence? Who
trusts them?
5. How do your customers use social technologies
in the context of your products.
Socialgraphics
13
© 2010 Altimeter Group
Engagement Pyramid
14
Curating
Producing
Commenting
Sharing
Watching
Map out how your
customers social
behaviors online in order
to determine what
technologies to deploy.
© 2010 Altimeter Group
Community pain points
Source: Communispace
15
Communispace customer
communities allow
marketers to gain insights
from their own customers
© 2010 Altimeter Group
Market analysis
16
Companies should constantly
measure what competitors are
doing in the social space. Here
are some examples in the hotel
industry that can be added to a
chart of industry assets.
© 2010 Altimeter Group
 What is your company currently doing in the
social space? What are employees doing?
Product team, field, and support?
 Identify internal experts by hosting brown bag
lunches where anyone can share what they are
doing in the social space.
 Tip: Don’t relegate social media to Gen Y just
because they use it for personal use.
Current social audit
17
© 2010 Altimeter Group
Processes
© 2010 Altimeter Group
Crisis response plan
19
© 2010 Altimeter Group
Social media triage
20
Can you add
value?
Evaluate the
purpose
Respond in
kind & share
Thank the
person
Unhappy
Customer?
Dedicated
Complainer?
Comedian
Want-to-Be?
Negative
Positive
Yes No
Do you want
to respond?
No
Response
No
Yes
Take reasonable
action to fix issue
and let customer
know action taken
Are the facts
correct?
Gently correct the
facts
No
No
No
Yes
Are the facts
correct?
Does customer
need/deserve more
info?
Yes
Explain what is being
done to correct the
issue.
Yes
Is the
problem
being fixed?
Yes
Let post stand and
monitor.
No
Yes
No
Yes
Yes
Assess the
message
This framework was built using the USAF Blog
Triage. (Added this attribution post webinar)
© 2010 Altimeter Group
Organizational Models
© 2010 Altimeter Group
Social Business Organizational Models
Centralized
© 2010 Altimeter Group
 Organic growth
 Authentic
 Experimental
 Not coordinated
 e.g. Sun
Organic
23
© 2010 Altimeter Group
 One hub sets rules, best
practices, procedures
 Business units undertake
own efforts
 Spreads widely around
the org
 Takes time
 e.g. Red Cross
Coordinated
24
© 2010 Altimeter Group
 Similar to
Coordinated but
across multiple
brands and units
 e.g. HP
Multiple hub and spoke or “Dandelion”
25
© 2010 Altimeter Group
 Each employee is
empowered
 Unlike Organic,
employees are
organized.
 e.g. Dell, Zappos
Holistic or “Honeycomb”
26
© 2010 Altimeter Group
Policies
© 2010 Altimeter Group
Disclosure/ethics policy
28
From Walmart Elevenmom’s
disclosure policy:
“Participation in the Walmart
Elevenmoms program is
voluntary. Participants in the
program are required to clearly
disclose their relationship with
Walmart as well as any
compensation received,
including travel opportunities,
expenses or products. In the
event that products are
received for review,
participants may keep or
dispose of product at their
discretion.
© 2010 Altimeter Group
Social media policy
29
Intel updates it’s Social Media policy
regularly (last in March 2010) and offers
tips and pragmatic rules of engagement
such as “Be transparent,” “Be judicious,”
and “Write what you know.”
© 2010 Altimeter Group
Community policy
30
SeaWorld sets boundaries
on its blog for readers. For
example, Seaworld asks for
favorite park experiences
and tips, and will not post
“foul or offensive language.”
© 2010 Altimeter Group
Internal education
31
Host brown bags, invite external
speakers to talk, and promote
memberships in organizations like
Social Media Club or Social Media
Business Council, as seen here.
Internal training is important to
organizational change.
© 2010 Altimeter Group
Communication and collaboration
32
Sites like Yammer,
Socialtext and Socialcast
offer lightweight ways for
staff to share insights and
best practices internally.
Telligent is a more robust
enterprise-level tool.
33
© 2010 Altimeter Group
Resources
© 2010 Altimeter Group
 Social strategist*:
• Responsible for the overall program,
including ROI.
• There may be multiple
strategists at each spoke.
 Community manager:
• Customer facing role trusted by
customers.
• Companies may have
dozens of community
managers.
Key roles
34
*Look out for our research paper on the role of the Social Strategist later this year.
© 2010 Altimeter Group
 Test to see that they focus on relationships,
not campaigns.
 Ask when they failed at social media – and
what they learned.
• Hire only agencies with “scar tissue.”
 Leverage agencies and have them train you in
all things social.
• Enable fast, concerted entry into the market.
 Be wary of agencies wanting to craft your
strategy – only you can do that.
Agencies
35
© 2010 Altimeter Group
Customer advocates
36
© 2010 Altimeter Group
 Executives:
• Approval to move forward, budget, allocate resources
 Communications:
• What new skills will they need to learn and unlearn?
 Employees:
• How will they be educated, armed, and supported?
 Legal:
• Protect employees and corporation by co-creating
policies and guidelines
Stakeholders
37
© 2010 Altimeter Group
Reporting
38
Web analytics Community analytics
© 2010 Altimeter Group
39
Social Readiness Score Card
Image by randomcuriousity used with Attribution as directed by Creative Commons http://www.flickr.com/photos/randomcuriosity/3445573373/
© 2010 Altimeter Group
Your social readiness score
40
© 2010 Altimeter Group
Your social readiness score
41
Ideally, you
should be at
“4.0” for
launch.
Area of
opportunity.
© 2010 Altimeter Group
Includes findings, scoring, roles, and specific recommendations
from a trusted third party.
42
Full details on our checklist
© 2010 Altimeter Group
Have the confidence to let go and still
inspire results
43
Register for our upcoming
webinar:
“Making the Case for
Open Leadership”
Monday, April 26 at 10 am PST
http://bit.ly/openleaderweb1
© 2010 Altimeter Group
44
Jeremiah Owyang
jeremiah@altimetergroup.com
web-strategist.com/blog
Twitter: jowyang
Thank you
Charlene Li
charlene@altimetergroup.com
charleneli.com
Twitter: charleneli
With assistance from Christine Tran, Researcher
© 2010 Altimeter Group
45
Altimeter Group is a Silicon Valley-based strategy research and
consulting firm that provides companies with a pragmatic
approach to disruptive technologies. We have four areas of
focus: Leadership and Management, Customer Strategy,
Enterprise Strategy, and Innovation and Design.
Visit us at http://www.altimetergroup.com or contact
info@altimetergroup.com.
About Us

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Socialstrategygettingcompanyreadyapr14final 100414202418-phpapp01

  • 1. Social Strategy: Getting Your Company Ready Charlene Li Founder and Partner 1 Jeremiah Owyang Partner April 14, 2010 #socialchecklist
  • 2. © 2010 Altimeter Group  Technology is only part of the solution. Getting your company ready and developing a strategy are the key drivers of success.  Our final webinar (Part 3) of this series will help you get your company ready with our Social Readiness checklist.  View all webinar slides and recordings, including today’s, at: blog.altimetergroup.com  Use the hashtag #socialchecklist for today A 3-part series 2
  • 3. © 2010 Altimeter Group Companies Jump Into Social Image by Roo Reynolds used with Attribution as directed by Creative Commons http://www.flickr.com/photos/zerega/1366292835
  • 4. © 2010 Altimeter Group Yet Most Companies Fail to Plan Properly Image by divemasterking2000 used with Attribution as directed by Creative Commons http://www.flickr.com/photos/divemasterking2000/3827673841
  • 5. © 2010 Altimeter Group Many companies do not engage with their customers Source: http://www.engagementdb.com 5 ENGAGEMENTdb ranked the world's most valuable brands based on how they leverage social media to interact with customers.
  • 6. © 2010 Altimeter Group Many companies like the idea, but don’t fully execute 6
  • 7. © 2010 Altimeter Group 7 Get Ready Internally First
  • 8. © 2010 Altimeter Group 8 To be successful using social technologies, companies must first prepare and align internal roles, processes, policies and stakeholders with their business objectives. Social business is a profound change that impacts all departments in the organization.
  • 9. © 2010 Altimeter Group  Getting Your Company Ready • Research • Planning • Resources  Social Readiness Checklist and Scorecard  Questions Agenda 9
  • 10. © 2010 Altimeter Group 10 Getting Your Company Ready
  • 11. 11 © 2010 Altimeter Group Research
  • 12. © 2010 Altimeter Group Demographics e.g. Where are moms online? Customer profile 12 Psychographics e.g. Who are moms influenced by? Source: “Digital Mom,” RazorFish and CafeMom, 2009
  • 13. © 2010 Altimeter Group 1. Where are your customers online? 2. What are your customers’ social behaviors online? 3. What social information or people do your customers rely on? 4. What is your customers’ social influence? Who trusts them? 5. How do your customers use social technologies in the context of your products. Socialgraphics 13
  • 14. © 2010 Altimeter Group Engagement Pyramid 14 Curating Producing Commenting Sharing Watching Map out how your customers social behaviors online in order to determine what technologies to deploy.
  • 15. © 2010 Altimeter Group Community pain points Source: Communispace 15 Communispace customer communities allow marketers to gain insights from their own customers
  • 16. © 2010 Altimeter Group Market analysis 16 Companies should constantly measure what competitors are doing in the social space. Here are some examples in the hotel industry that can be added to a chart of industry assets.
  • 17. © 2010 Altimeter Group  What is your company currently doing in the social space? What are employees doing? Product team, field, and support?  Identify internal experts by hosting brown bag lunches where anyone can share what they are doing in the social space.  Tip: Don’t relegate social media to Gen Y just because they use it for personal use. Current social audit 17
  • 18. © 2010 Altimeter Group Processes
  • 19. © 2010 Altimeter Group Crisis response plan 19
  • 20. © 2010 Altimeter Group Social media triage 20 Can you add value? Evaluate the purpose Respond in kind & share Thank the person Unhappy Customer? Dedicated Complainer? Comedian Want-to-Be? Negative Positive Yes No Do you want to respond? No Response No Yes Take reasonable action to fix issue and let customer know action taken Are the facts correct? Gently correct the facts No No No Yes Are the facts correct? Does customer need/deserve more info? Yes Explain what is being done to correct the issue. Yes Is the problem being fixed? Yes Let post stand and monitor. No Yes No Yes Yes Assess the message This framework was built using the USAF Blog Triage. (Added this attribution post webinar)
  • 21. © 2010 Altimeter Group Organizational Models
  • 22. © 2010 Altimeter Group Social Business Organizational Models Centralized
  • 23. © 2010 Altimeter Group  Organic growth  Authentic  Experimental  Not coordinated  e.g. Sun Organic 23
  • 24. © 2010 Altimeter Group  One hub sets rules, best practices, procedures  Business units undertake own efforts  Spreads widely around the org  Takes time  e.g. Red Cross Coordinated 24
  • 25. © 2010 Altimeter Group  Similar to Coordinated but across multiple brands and units  e.g. HP Multiple hub and spoke or “Dandelion” 25
  • 26. © 2010 Altimeter Group  Each employee is empowered  Unlike Organic, employees are organized.  e.g. Dell, Zappos Holistic or “Honeycomb” 26
  • 27. © 2010 Altimeter Group Policies
  • 28. © 2010 Altimeter Group Disclosure/ethics policy 28 From Walmart Elevenmom’s disclosure policy: “Participation in the Walmart Elevenmoms program is voluntary. Participants in the program are required to clearly disclose their relationship with Walmart as well as any compensation received, including travel opportunities, expenses or products. In the event that products are received for review, participants may keep or dispose of product at their discretion.
  • 29. © 2010 Altimeter Group Social media policy 29 Intel updates it’s Social Media policy regularly (last in March 2010) and offers tips and pragmatic rules of engagement such as “Be transparent,” “Be judicious,” and “Write what you know.”
  • 30. © 2010 Altimeter Group Community policy 30 SeaWorld sets boundaries on its blog for readers. For example, Seaworld asks for favorite park experiences and tips, and will not post “foul or offensive language.”
  • 31. © 2010 Altimeter Group Internal education 31 Host brown bags, invite external speakers to talk, and promote memberships in organizations like Social Media Club or Social Media Business Council, as seen here. Internal training is important to organizational change.
  • 32. © 2010 Altimeter Group Communication and collaboration 32 Sites like Yammer, Socialtext and Socialcast offer lightweight ways for staff to share insights and best practices internally. Telligent is a more robust enterprise-level tool.
  • 33. 33 © 2010 Altimeter Group Resources
  • 34. © 2010 Altimeter Group  Social strategist*: • Responsible for the overall program, including ROI. • There may be multiple strategists at each spoke.  Community manager: • Customer facing role trusted by customers. • Companies may have dozens of community managers. Key roles 34 *Look out for our research paper on the role of the Social Strategist later this year.
  • 35. © 2010 Altimeter Group  Test to see that they focus on relationships, not campaigns.  Ask when they failed at social media – and what they learned. • Hire only agencies with “scar tissue.”  Leverage agencies and have them train you in all things social. • Enable fast, concerted entry into the market.  Be wary of agencies wanting to craft your strategy – only you can do that. Agencies 35
  • 36. © 2010 Altimeter Group Customer advocates 36
  • 37. © 2010 Altimeter Group  Executives: • Approval to move forward, budget, allocate resources  Communications: • What new skills will they need to learn and unlearn?  Employees: • How will they be educated, armed, and supported?  Legal: • Protect employees and corporation by co-creating policies and guidelines Stakeholders 37
  • 38. © 2010 Altimeter Group Reporting 38 Web analytics Community analytics
  • 39. © 2010 Altimeter Group 39 Social Readiness Score Card Image by randomcuriousity used with Attribution as directed by Creative Commons http://www.flickr.com/photos/randomcuriosity/3445573373/
  • 40. © 2010 Altimeter Group Your social readiness score 40
  • 41. © 2010 Altimeter Group Your social readiness score 41 Ideally, you should be at “4.0” for launch. Area of opportunity.
  • 42. © 2010 Altimeter Group Includes findings, scoring, roles, and specific recommendations from a trusted third party. 42 Full details on our checklist
  • 43. © 2010 Altimeter Group Have the confidence to let go and still inspire results 43 Register for our upcoming webinar: “Making the Case for Open Leadership” Monday, April 26 at 10 am PST http://bit.ly/openleaderweb1
  • 44. © 2010 Altimeter Group 44 Jeremiah Owyang jeremiah@altimetergroup.com web-strategist.com/blog Twitter: jowyang Thank you Charlene Li charlene@altimetergroup.com charleneli.com Twitter: charleneli With assistance from Christine Tran, Researcher
  • 45. © 2010 Altimeter Group 45 Altimeter Group is a Silicon Valley-based strategy research and consulting firm that provides companies with a pragmatic approach to disruptive technologies. We have four areas of focus: Leadership and Management, Customer Strategy, Enterprise Strategy, and Innovation and Design. Visit us at http://www.altimetergroup.com or contact info@altimetergroup.com. About Us

Editor's Notes

  1. [1] Marriott’s Insider Rewards community doesn’t have any call to action and its community has not taken off. http://www.marriottrewardsinsiders.marriott.com/index.jspa[2] Tiffany & Co tweeted the first time on February 25. Has 10 tweets so far. http://twitter.com/tiffanyandco[3] McDonald’s links to its Facebook fan page from its corporate website, but has this funny message “Are you sure you want to leave?” http://mcdonalds.com
  2. [1] http://instoresnow.walmart.com/Community.aspx
  3. [1] Social Media Club Dallas: January '10 Meeting, http://www.flickr.com/photos/gangwayadvertising/4294189889/[2] BlogwellMeetup: June 2009, http://www.flickr.com/photos/kristiewells/3718283985/
  4. [1] http://instoresnow.walmart.com/Community.aspx[2] http://thedomesticdiva.org/blog/2008/08/03/big-announcement-the-domestic-diva-is-one-of-eleven-moms-choosen-to-participate-in-wal-marts-money-saving-community-project/