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Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Social Media Marketing
By Svend Hollensen
Virtual Guest Lecture
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Housekeeping rules + Info
• Questions at the end
- Use Q&A to type your question
- Or ‘raise hand’ button to ask your question
via audio
- Upvote a question if you also have the
same question
• Recording will be shared
• Slides will be shared
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Svend
Hollensen
• Ph.D. (Dr.) and Associate Professor of
International Marketing at University of Southern
Denmark (Sønderborg).
• Practical experience in Marketing from his work
at multinational companies.
• Multiple publications to his name including
Internationally recognized Journals and Pearson
Marketing books.
• Research Interests: Relationship Marketing,
Globalization and Internationalization of
companies.
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Global Marketing
Eighth Edition
Part IV
Designing the global marketing
programme
Chapter 17
Communication decisions
(promotion strategies)
Social Media Marketing
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 1.1: The five-stage decision model in global marketing
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
How can Social Media
Marketing (YouTube,
LinkedIn etc.) Create
Customer Value
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 17.6: The role of internet communication
in the customers’ buying process
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
C1
C2 C3
C4
Firm
(Brand)
Traditional one-way advertising
= ”Bowling” approach:
Social Media Marketing
= ”Pinball” approach:
C1
C2 C3
C4
Note: C = Consumer
Firm
(Brand)
Based on the idea from: Hennig-Thurau, T., Malthouse, E. C., Friege, C., Gensler, S., Lobschat,
L., Rangaswamy, A., & Skiera, B. (2010). The impact of new media on customer relationships.
Journal of Service Research, 13(3), 311-330.
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 17.8: The extended interactive market communication model
Note: C = consumer.
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 17.9
The 6C model (company, content, control,
community, consumers, conversations)
Source: Adapted from Parent, M., Plangger, K. and Bal, A. (2011) ‘The new WTP: willingness to participate’, Business Horizons, 54, pp. 219–229.
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Influencer Marketing
Influence Marketing is a form of marketing in which the individuals that have influence over potential customers are
identified, and orients marketing activities around these influencers. It can be used to establish credibility in the market, to
create social conversations around a brand, or to drive online or in-store sales of products.
Influencer content may be framed as:
Using testimonials to influence
potential buyers in their
purchase decision.
Testimonial
Influencer
Using testimonials/brand value
from well known players in the
value-chain of a product
(retailers, manufacturers,
OEM’s, etc.)
Supply-chain
influencers
The use of journalist, academics,
industry analysts, professional
advisers, etc. to speak on behalf
of a brand or product.
Value-added
influencers
The use of persuasion techniques
in a social environment. Often
referred to as “Advocacy”,
influence is less about arguing
for a point of view, and more
about the interaction between
community members.
Social
influencers
Source: Peter Enger, Engergroup, https://www.linkedin.com/in/peter-enger/?originalSubdomain=dk
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 17.11: The social media funnel
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Owned
Media
Paid
Media
Word of Mouth (e-WoM)
Shares, Likes, Mentions, Tweets,
Retweets, Reposts, Reviews
Recommendations
Earned
Media
Utilize owned, earned and paid media
in combination for a comprehensive
strategy
Sharing &
engagement with
paid promotion
SEO (Search-Engine-
Optimization) & brand
content drive earned
media
(sharing) & traffic
Paid Advertising
Pay Per Click (PPC)
Display Ads
Retargeting
Paid Influencers
Paid Content
Promotion in ‘old’
media
Social Media Ads
Gain more exposure to web properties
w/SEO (Search-Engine-Optimization) and
PPC (Pay-Per-Click)
Web Properties
Website, Mobile Site
Content, Blog, Social
Media Channels
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
PAID
OWNED
EARNED
REACH
Paid, Owned, & Earned Reach
ID
(person/brand)
Low Low
High High
Source: Peter Enger, Engergroup, https://www.linkedin.com/in/peter-enger/?originalSubdomain=dk
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Trish Regan – Fox News:
https://www.youtube.com/wat
ch?v=E2Bqx3iXFdM&t=65s
Dan Jørgensen:
https://www.youtube.com/wat
ch?v=Lut2NEZa0Hc
Figure 17.13: Creation of a viral campaign through social media
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Social Media Marketing
Case/Examples
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Revenues per year: EUR 530 million
Number of employees: 1,800
Number of countries: 88
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Abena:
Family-owned manufacturer and wholesaler of health
care solutions and related products headquartered in
Aabenraa in Southern Denmark.
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
The Danish SME diaper company (Abena) wants to sell
diapers in the world’s most competitive (disposable) diaper
market
USA
US Diaper sales: USD 6 Billion
World market: USD 50 Billion
The market is dominated by huge companies:
- P&G (Pampers)
- Kimberly-Clark (Huggies)
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Influencer Marketing in USA:
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
By: Svend Hollensen (svend@sam.sdu.dk, LinkedIn profile: www.linkedin.com/in/hollensen), 22nd January 2020
Effects of LinkedIn marketing campaigns – Parallel posting
The following two LinkedIn posts were done on the 13th January, 2020:
Own Post (posted 13.01.2020):
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Pearson Nordics post – reshared (posted 13.01.2020):
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Further Statistics on number of views (one week after):
Own post – statistics (number of views = 16,867):
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Thank you !
Questions are welcome now or
later on svend@sam.sdu.dk
(SDU University of Southern Denmark, Sønderborg)
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved

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GM 8e - Ch. 17 - Social Media Marketing - Pearson webinar - 20.05.2020.ppt

  • 1. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Social Media Marketing By Svend Hollensen Virtual Guest Lecture
  • 2. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Housekeeping rules + Info • Questions at the end - Use Q&A to type your question - Or ‘raise hand’ button to ask your question via audio - Upvote a question if you also have the same question • Recording will be shared • Slides will be shared
  • 3. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Svend Hollensen • Ph.D. (Dr.) and Associate Professor of International Marketing at University of Southern Denmark (Sønderborg). • Practical experience in Marketing from his work at multinational companies. • Multiple publications to his name including Internationally recognized Journals and Pearson Marketing books. • Research Interests: Relationship Marketing, Globalization and Internationalization of companies.
  • 4. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Global Marketing Eighth Edition Part IV Designing the global marketing programme Chapter 17 Communication decisions (promotion strategies) Social Media Marketing
  • 5. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Figure 1.1: The five-stage decision model in global marketing
  • 6. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved How can Social Media Marketing (YouTube, LinkedIn etc.) Create Customer Value
  • 7. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Figure 17.6: The role of internet communication in the customers’ buying process
  • 8. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved C1 C2 C3 C4 Firm (Brand) Traditional one-way advertising = ”Bowling” approach: Social Media Marketing = ”Pinball” approach: C1 C2 C3 C4 Note: C = Consumer Firm (Brand) Based on the idea from: Hennig-Thurau, T., Malthouse, E. C., Friege, C., Gensler, S., Lobschat, L., Rangaswamy, A., & Skiera, B. (2010). The impact of new media on customer relationships. Journal of Service Research, 13(3), 311-330.
  • 9. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Figure 17.8: The extended interactive market communication model Note: C = consumer.
  • 10. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Figure 17.9 The 6C model (company, content, control, community, consumers, conversations) Source: Adapted from Parent, M., Plangger, K. and Bal, A. (2011) ‘The new WTP: willingness to participate’, Business Horizons, 54, pp. 219–229.
  • 11. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Influencer Marketing Influence Marketing is a form of marketing in which the individuals that have influence over potential customers are identified, and orients marketing activities around these influencers. It can be used to establish credibility in the market, to create social conversations around a brand, or to drive online or in-store sales of products. Influencer content may be framed as: Using testimonials to influence potential buyers in their purchase decision. Testimonial Influencer Using testimonials/brand value from well known players in the value-chain of a product (retailers, manufacturers, OEM’s, etc.) Supply-chain influencers The use of journalist, academics, industry analysts, professional advisers, etc. to speak on behalf of a brand or product. Value-added influencers The use of persuasion techniques in a social environment. Often referred to as “Advocacy”, influence is less about arguing for a point of view, and more about the interaction between community members. Social influencers Source: Peter Enger, Engergroup, https://www.linkedin.com/in/peter-enger/?originalSubdomain=dk
  • 12. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
  • 13. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Figure 17.11: The social media funnel
  • 14. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
  • 15. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Owned Media Paid Media Word of Mouth (e-WoM) Shares, Likes, Mentions, Tweets, Retweets, Reposts, Reviews Recommendations Earned Media Utilize owned, earned and paid media in combination for a comprehensive strategy Sharing & engagement with paid promotion SEO (Search-Engine- Optimization) & brand content drive earned media (sharing) & traffic Paid Advertising Pay Per Click (PPC) Display Ads Retargeting Paid Influencers Paid Content Promotion in ‘old’ media Social Media Ads Gain more exposure to web properties w/SEO (Search-Engine-Optimization) and PPC (Pay-Per-Click) Web Properties Website, Mobile Site Content, Blog, Social Media Channels
  • 16. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved PAID OWNED EARNED REACH Paid, Owned, & Earned Reach ID (person/brand) Low Low High High Source: Peter Enger, Engergroup, https://www.linkedin.com/in/peter-enger/?originalSubdomain=dk
  • 17. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
  • 18. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Trish Regan – Fox News: https://www.youtube.com/wat ch?v=E2Bqx3iXFdM&t=65s Dan Jørgensen: https://www.youtube.com/wat ch?v=Lut2NEZa0Hc Figure 17.13: Creation of a viral campaign through social media
  • 19. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Social Media Marketing Case/Examples
  • 20. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Revenues per year: EUR 530 million Number of employees: 1,800 Number of countries: 88
  • 21. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Abena: Family-owned manufacturer and wholesaler of health care solutions and related products headquartered in Aabenraa in Southern Denmark.
  • 22. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved The Danish SME diaper company (Abena) wants to sell diapers in the world’s most competitive (disposable) diaper market USA US Diaper sales: USD 6 Billion World market: USD 50 Billion The market is dominated by huge companies: - P&G (Pampers) - Kimberly-Clark (Huggies)
  • 23. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
  • 24. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Influencer Marketing in USA:
  • 25. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved By: Svend Hollensen (svend@sam.sdu.dk, LinkedIn profile: www.linkedin.com/in/hollensen), 22nd January 2020 Effects of LinkedIn marketing campaigns – Parallel posting The following two LinkedIn posts were done on the 13th January, 2020: Own Post (posted 13.01.2020):
  • 26. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Pearson Nordics post – reshared (posted 13.01.2020):
  • 27. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
  • 28. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Further Statistics on number of views (one week after): Own post – statistics (number of views = 16,867):
  • 29. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved Thank you ! Questions are welcome now or later on svend@sam.sdu.dk (SDU University of Southern Denmark, Sønderborg)
  • 30. Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved