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How Ready Are You For Social Business?
The document discusses the readiness for social business in the UK, exploring the current trends, expectations, and challenges organizations face as they engage with social media. Key points include the significant presence of FTSE 100 companies on social platforms, the changing consumer behaviors, and the necessity for companies to adapt strategically to remain relevant. It emphasizes that social business is not just an add-on but requires foundational changes in organizational structures and processes.
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How Ready Are You For Social Business?
- 1. How Ready AreYou For Social Business? Neville Hobson, ABC @jangles October 3, 2012
- 2. http://www.nevillehobson.com http://www.forimmediaterelease.biz/
- 3. Agenda 1. Expectations andRealities 2. Trends in the UK - In Society - In Business 3. The State of Social Business in the UK 4. How Can You Become „Ready‟?
- 4. 1. EXPECTATIONS AND REALITIES
- 5. Meaning http://www.socialbusinessforum.co m/what-is-social-business/ http://www.dachisgroup.com/2012/06/the-definition-of-social-business/
- 6. 2012 Hype Cyclefor Emerging Technologies http://www.gartner.com/it/page.jsp?id=2124315
- 7. It‟s now possibleto look at a smartphone and unlock it via facial recognition, and then talk to it to ask it to find the nearest bank ATM. However, at the same time, we see that the technology is not quite there yet. We might have to remove our glasses for the facial recognition to work, our smartphones don‟t always understand us when we speak, and the location-sensing technology sometimes has trouble finding us. - Gartner Hype Cyclee on Emerging Technologies, July 2012 http://www.gartner.com/it/page.jsp?id=2124315
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- 10. ...the Arthur W.Page Society proposes a point of view on the future of enterprise communications. We offer it not as a finished construct, but a hypothesis – intended to spark further research, exploration and refinement. http://www.awpagesociety.com/insights/building-belief/
- 11. 2. TRENDS INTHE UK (and in many other countries)
- 12. More Web LessTalk http://gigaom.com/mobile/as-mobile-data-zooms-voice-sms-revenues-slow/
- 13. More Out LessIn Demographics & User Behaviour Statistics Compendium UK, September 2012 http://econsultancy.com/uk/reports/uk-internet-statistics-compendium
- 14. Mobile Social Social MediaStatistics Compendium UK, September 2012 http://econsultancy.com/uk/reports/uk-social-media-statistics
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- 16. Demographics & UserBehaviour Statistics Compendium UK, September 2012 http://econsultancy.com/uk/reports/uk-internet-statistics-compendium
- 17. Gone in 5Years Top 5 responses to LinkedIn global survey say: 1. Tape recorders 79% 2. Fax machines 71% 3. The Rolodex 58% 4. Standard working hours 57% 5. Desk phones 35% http://press.linkedin.com/node/1229
- 18. The FT‟s resultsfor the first half of 2012 show that more people than ever are paying for FT content, with digital subscriptions exceeding daily print circulation for the first time. http://aboutus.ft.com/2012/07/27/ft-digital-subscriptions-surpass-print-circulation-globally
- 19. As we buildQuartz, we are focused on the touchscreen and mobile devices that increasingly dominate our lives. Our design began with the iPad foremost in mind, and we modified it from there to suit smartphones and, finally, personal computers. Your experience with Quartz should befit the hardware you visit us with and shift as seamlessly as you do from phone to tablet to laptop and back again. Call us a website or, if you like, a web app: Quartz combines the benefits of the free and open Web with the elegance of an application. http://qz.com/
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- 22. Meet the SmartConnected Consumer She doesn‟t trust “corporate- speak” or “marketing-speak” She fast-forwards her DVR through the interruptions (aka ads) He pulls content that interests him, when he wants it He creates and shares his own content, original and mashups She embraces word of mouth via social networks She is connected wherever and whenever she wishes He brings his behaviours - and expectations - to the workplace Picture: http://www.heartcorewomen.com/women-social-media/
- 23. Meet the SmartConnected Consumer She doesn‟t trust “corporate- Employee speak” or “marketing-speak” She fast-forwards her DVR Customer through the interruptions (aka ads) He pulls content that interests Shareholder him, when he wants it He creates and shares his own Investor content, original and mashups She embraces word of mouth via Partner social networks She is connected wherever and Supplier whenever she wishes He brings his behaviours - and expectations - to the workplace
- 24. 3. THE STATEOF SOCIAL BUSINESS IN THE UK
- 25. Today, 78% of the FTSE 100 are actively engaged on the social web. The Communicator's Guide To FTSE 100 Social Media Use 2012 http://threepipe.co.uk/ http://en.wikipedia.org/wiki/FTSE_100_Index
- 26. FTSE 100 Snapshot • Twitter: 69% • YouTube: 63% • Facebook: 47% • Google+: 39% The Communicator's Guide To FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
- 27. FTSE 100 Snapshot Twitter top uses: 1. Financial news 2. Industry news Facebook top uses: 1. Consumer info 2. Company news The Communicator's Guide To FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
- 28. The Communicator's GuideTo FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
- 29. The Communicator's GuideTo FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
- 30. The Communicator's GuideTo FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
- 31. The Communicator's GuideTo FTSE 100 Social Media Use 2012 http://threepipe.co.uk/
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- 33. Hurdles and Barriers “There's a long list of data related activities and social is just one of them... I guess we are yet to believe there is a strong ROI behind social media integration which is keeping this low down the priority list.” “Too much data is causing problems, and the inability to link that data to other sources (specifically revenue figures and brand tracking).” “Perceived scope and scale of change needed, lack of willingness to do it, lack of champion support within the organisation.” “Lack of expertise and understanding of systems, differences in opinion and lack of clarity of overarching objectives within international businesses.” eConsultancy/Adobe Quarterly Digital Intelligence Briefing: Managing and Measuring Social, September 2012 http://econsultancy.com/uk/reports/quarterly-digital-intelligence-briefing
- 34. 4. HOW CANYOU BECOME „READY‟?
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- 37. Profound changes are underway. Skeptics will finish last. Focusing on adoption is a dead-end strategy. Companies must be strategic. Companies must be decisive. Companies must act now. Social software tools include wikis, blogs, microblogs, discussion forums, social networks, social bookmarks, tagging, crowdsourcing, and prediction markets. http://www.deloitte.com/view/en_US/us/Industries/technology/e9c1b39fb701e210VgnVCM3000001c56f00aRCRD.htm
- 38. #SocialEra ? Companies cannot survive (let alone prosper) without recognizing that Social as a phenomenon can allow us to redefine our organisations to be inherently more fast fluid and flexible by its very design. Not by doing a little bit more, or slimming down a bit here or there, or by doing a few things a little bit faster. No. We will not tweak our way into the future. Nilofer Merchant, author, “11 Rules for Creating Value in the Social Era” http://blogs.hbr.org/cs/2012/09/traditional_strategy_is_dead_w.html
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- 40. • #Social Enterprise • #Social Business DNA image: http://www.dnamnd.med.usyd.edu.au/ • #Social Media
- 41. • #SocialEnterprise Authentic Enterprise • #Social Business DNA image: http://www.dnamnd.med.usyd.edu.au/ • #Social Media
- 42. Ceding Control “It‟s a dilemma for some organisations. Where everything is so informal and instant, what do you do about processes where you must keep records for compliance or regulatory reasons? We are going to have to figure out a newer way of doing things that enables us to match the expectations of everyone, young and old, a way that is not painful.” “The ability for citizens to be able to connect with each other and with governments through online connectivity is a positive force in a democracy. The new ways provide significant benefits for governments, if they accept the fact that empowered, more informed people make a far better part of the process through which information is shared, and knowledge increased.” http://www.siliconrepublic.com/digital-21/item/28627-ceding-control-in-the-age/
- 43. Calculate Risk • Listen •Recognize and understand change - Society - Behaviours - Trends - Your landscape • Make a deal with your colleagues to eliminate FUD • Be where your stakeholders are – on their terms • Know who your advocates and detractors are • Listen http://www.nevillehobson.com/portfolio/calculating-your-risks/
- 44. Always Make Esther Dyson Catalyst of Start-ups New Mistakes
- 45. How Ready AreYou For Social Business? Neville Hobson, ABC @jangles October 3, 2012
Editor's Notes
- #3 Neville Hobsonhttp://www.nevillehobson.com/http://www.forimmediaterelease.biz/
- #6 How would *you* define ‘social business’? What about ‘a social business’? And how about ‘social enterprise’? More on that one later.
- #7 [graphic] Gartner’s 2012 Emerging Technologies Hype Cycle. This is part of the tech landscape communicators absolutely must understand.
- #8 Technologies often need to work together for a tipping point to occur that enables those technologies, and the tools that take advantage of them, to be seen as valuable by consumers.
- #9 4G! Talk about hype!
- #10 [graphic] Altimeter’s Social Business Hierarchy of Needs: 1) Foundation: First, develop a business plan and put governance in place.2) Safety: Then, get organized by anointing a team and process to deal with crisis.3) Formation: Next, connect business units to increase coordination and reduce duplication.4) Enablement: Grow by letting them prosper – give business units the support and flexibility to reach goals5) Enlightenment: Finally, weave real-time market response into business processes and planning.
- #11 This presentation is of this model, too – not as a finished set of ”this is how it is” statements and examples, more of an “unfinished construct” suggesting change that you need to effect in your organization.You can download the Page white paper here: http://www.awpagesociety.com/insights/building-belief/
- #13 On mobile, data use waxes as voice use wanes.
- #14 Share of connected device traffic in the UK.Proportion of unique website visitors by device.
- #15 Top 5 social networking sites by engagement on mobile vs classic web. From comScore via eConsultancy, Sept 2012.
- #16 [graphic] The new multi-screen world and understanding cross-platform consumer behaviour. The infographic summary from a depth report and analysis by Google.
- #17 eConsultancy: By 2016, 12.4% of the UK’s GDP will come from the internet. [Source: Boston Consulting Group.]
- #19 Financial Times.
- #20 Quartz.
- #21 A job ad for Salesforce.com in the US says that a desired attribute in candidates is a Klout score of at least 35. Whatever we may think of the notion of such ranking or scoring systems, this will become more common in recruitment – and elsewhere.
- #22 Social is the new DNA, says Movenbank.
- #27 FTSE 100 use of social media.
- #28 Topics covered by Facebook and Twitter.
- #29 FTSE Facts: mentioning HP Billiton Watch, BG Group, British American Tobacco, Imperial Tobacco, Bunzl, Meggitt, ICAP Energy, National Grid, Morrisons, Prudential, RSA.
- #30 Examples on Twitter: Burberry, Marks & Spencer.
- #31 Examples on Twitter: Shell, Sainsbury’s.
- #32 Example on Facebook: BP America.
- #33 Digital Communication Awards 2012 – listof winners.http://www.digital-awards.eu/
- #36 You cannot simply “layer” social into the enterprise – you must start from a solid foundation.
- #37 [graphic] Social technologies today and their untapped potential: McKinsey.http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economy
- #38 Social software for business performance report: Deloitte.http://www.deloitte.com/view/en_US/us/Industries/technology/e9c1b39fb701e210VgnVCM3000001c56f00aRCRD.htm
- #40 [graphic] Altimeter’s Social Business Hierarchy of Needs: 1) Foundation: First, develop a business plan and put governance in place.2) Safety: Then, get organized by anointing a team and process to deal with crisis.3) Formation: Next, connect business units to increase coordination and reduce duplication.4) Enablement: Grow by letting them prosper – give business units the support and flexibility to reach goals5) Enlightenment: Finally, weave real-time market response into business processes and planning.
- #41 The natural progression:1:Social Media -> 2: Social Business -> 3: Social Enterprise1=1=Social software: the tools2=Integrating social tools with traditionalcomms and marketing3=A state of mind, an ability to make everything *social* that you do that engages with people – inside and outside – a seamless action across the business, from employees who tweet to those who work in the customer service call centre, to the C-suite to the sales teams = a common and consistent set of behaviours and standards.
- #42 But should the natural progression actually be:1:Social Media -> 2: Social Business -> 3: Authentic Enterprise1=Social software: the tools2=Integrating social tools with traditionalcomms and marketingThen making it simpler and more credible to explain 3…3=A state of mind, an ability to make everything *social* that you do that engages with people – inside and outside – a seamless action across the business, from employees who tweet to those who work in the customer service call centre, to the C-suite to the sales teams = a common and consistent set of behaviours and standards, led from the top, that is the start of a solid foundation upon which to build.You cannot just layer it on. It is a state of mind, integral to the heart and soul of your organization.
- #44 How do you start?