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Welcome
Robert Fronk
Managing Director of Reputation Strategy
Purple Strategies
@PurpleStrats
Pernille Bruun-Jensen
Chief Marketing Officer
NetBase
@PernilleBruunJ
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
THE HIDDEN VALUE
OF BRAND REPUTATION
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Agenda
How	
  to	
  innovate	
  around	
  business	
  value	
  1	
  
2	
  
3	
  
What	
  leading	
  brands	
  are	
  doing	
  to	
  iden;fy	
  social	
  
decision	
  situa;ons	
  
How	
  to	
  reduce	
  costs	
  and	
  improve	
  no;fica;on	
  
across	
  the	
  team	
  	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Reduce & Mitigate Risk to Brand Reputation
Rapidly	
  Address	
  
Social	
  Decision	
  
Situa;ons	
  
1	
  Decrease	
  Risk	
  to	
  Reputa;on	
  
	
   2	
  Iden;fy	
  &	
  Isolate	
  Detractors	
  
	
  
3	
  No;fy	
  Teams	
  Faster	
  
4	
  Reduce	
  Cost	
  of	
  Response	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Brands Need to Be Customer-Centric
to Drive Value
Source:	
  Adroit	
  Digital,	
  Mar.	
  2014	
  based	
  on	
  answers	
  from	
  2K	
  millennials	
  
Brands	
  willing	
  to	
  change	
  based	
  on	
  consumer	
  opinion	
  
Open	
  dialogue	
  through	
  social	
  channels	
  
Be	
  less	
  about	
  the	
  brand	
  and	
  more	
  about	
  the	
  consumer	
  
52%	
  
44%	
  
38%	
  
How	
  Brands	
  Can	
  Stay	
  Relevant	
  to	
  Millennial	
  Consumers	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Innovating to Create Value 
You	
  can’t	
  go	
  forward	
  by	
  looking	
  backward	
  
	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Focus	
  shiSs	
  from	
  measuring	
  
past	
  performance	
  to	
  being	
  
seen	
  as	
  connected	
  to	
  the	
  
customer’s	
  future	
  
Need	
  to	
  maximize	
  the	
  
“miracle	
  of	
  your	
  brand”	
  	
  
or	
  constantly	
  “create	
  	
  
new	
  miracles”	
  
Using	
  social	
  not	
  to	
  listen	
  
about	
  my	
  brand	
  reputa;on	
  
but	
  to	
  understand	
  how	
  my	
  
corporate	
  purpose	
  fits	
  into	
  
broader	
  social	
  purpose	
  
A New Approach is Needed 
From:	
  Move	
  the	
  Metric	
  
•  Sta;c	
  
•  Score	
  
•  Yesterday	
  
•  Product	
  
To:	
  Build	
  Value	
  
•  Forward-­‐leaning	
  
•  Outcome	
  
•  Connected	
  to	
  Future	
  
•  Purpose	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Recognizing your Options
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Brand Preferences Change Dynamically
Great	
  work	
  by	
  Credit	
  Suisse	
  using	
  NetBase	
  	
  
•  Tracking	
  same	
  store	
  retail	
  growth	
  rates	
  
•  Compared	
  to	
  trend	
  in	
  consumer	
  brand	
  emo;on	
  	
  
•  Growth	
  rates	
  for	
  brand	
  impression	
  –	
  i.e.	
  how	
  many	
  
	
  	
  	
  	
  	
  people	
  are	
  exposed	
  to	
  the	
  conversa;on	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Some Brands are Already Exposed on Value
Nike
Adidas
Vans
UGG
Converse
Crocs
Puma
New	
  BalanceReebok Under	
  Armour
Timberland
Asics
The	
  North	
  Face
lululemon
Skechers
Sperry
Fila
Saucony
Zumiez
prAna
AthletaColumbia
Russell	
  Athletic
Quiksilver
Sweaty	
  Betty
40
45
50
55
60
65
70
75
80
85
90
95
100
-­‐60% -­‐40% -­‐20% 0% 20% 40% 60% 80% 100%
SENTIMENT	
  -­‐SEPT	
  2014	
  Score
ONLINE	
  REACH	
  -­‐ Y/Y	
  Growth
LAGGING
Average
LEADING
NEUTRAL
NEUTRAL
Source:	
  Credit	
  Suisse	
  and	
  NetBase	
  2014-­‐2015	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Lululemon Athletica – Product & Founder
Source:	
  Credit	
  Suisse	
  and	
  NetBase	
  2014-­‐2015	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Lululemon Athletica – Product and Founder
Source:	
  Credit	
  Suisse	
  and	
  NetBase	
  2014-­‐2015	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Lululemon Athletica – Product and Founder
Source:	
  Credit	
  Suisse	
  and	
  NetBase	
  2014-­‐2015	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
The Cost of Decisions
•  	
  	
  	
  	
  	
  300	
  the	
  number	
  of	
  social	
  decision	
  
situa;ons	
  for	
  an	
  average	
  company	
  
	
  
•  $30K	
  -­‐	
  $9M	
  is	
  the	
  cost	
  of	
  wrong	
  or	
  
delayed	
  ac;on	
  
The	
  rate	
  of	
  consump;on	
  for	
  us	
  is	
  so	
  
high	
  that	
  we	
  have	
  thousands	
  of	
  
significant	
  events	
  to	
  respond	
  to	
  each	
  
year…	
  NetBase	
  helps	
  us	
  get	
  out	
  ahead	
  
of	
  the	
  storm.	
  	
  
	
  	
  
-­‐	
  Director,	
  Social	
  Product	
  Strategy	
  
Source:	
  	
  NetBase	
  Social	
  Value	
  Analysis	
  2015	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Using Social to make Better Decisions 
Recognizing	
  the	
  
difference	
  between	
  
coverage	
  and	
  
engagement	
  
Making	
  beder	
  use	
  of	
  
small	
  data	
  –	
  breaking	
  
content	
  down	
  in	
  
order	
  to	
  rebuild	
  it	
  	
  
for	
  ac;va;on	
  
Move	
  from	
  numeric	
  
approach	
  to	
  network	
  
approach	
  	
  
Seeng	
  unique	
  
parameters	
  to	
  
understand	
  what	
  
maders	
  to	
  you	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Our Process
Numeric	
  Approach	
  
TRADITIONAL	
  APPROACH	
  
VS.	
   Network	
  Approach	
  
OUR	
  APPROACH	
  
Follower	
  Count	
  vs.	
  Follower	
  
Quality	
  	
  
ImpracIcal	
  vs.	
  Reachable	
  
Popular	
  vs.	
  Credible	
  
Vocal	
  vs.	
  InfluenIal	
  
53	
  99	
  
?	
   ?	
   ?	
   ?	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
The Network in Action
@JonSmith
@JaneDoe
@ABC @ABCASmith
@JaneSmith
@JohnSmith
@DrJDoe
The	
  network	
  approach	
  allows	
  us	
  to	
  
build	
  a	
  targeted	
  universe	
  specific	
  to	
  the	
  
needs	
  of	
  the	
  client.	
  By	
  u;lizing	
  this	
  
approach	
  we	
  are	
  able	
  to	
  have	
  an	
  in	
  
depth	
  understanding	
  of	
  the	
  types	
  of	
  
influencers	
  that	
  we	
  target	
  and	
  provide	
  
the	
  client	
  with	
  higher	
  engagement	
  
rates	
  and	
  maximum	
  ROI.	
  	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Using Social to Make Better Decisions
What	
  gets	
  reported	
  is	
  not	
  always	
  
the	
  same	
  as	
  what	
  audiences	
  share	
  
and	
  engage	
  with.	
  
@PurpleStrats	
  |	
  #AdweekNetBase	
  
Increased	
  use	
  of	
  war	
  room	
  approach	
  
and	
  tac;cs	
  to	
  drive	
  sales	
  and	
  customer	
  
sa;sfac;on	
  
•  Con;ngent	
  on	
  real-­‐;me	
  data	
  and	
  
ability	
  to	
  direct	
  real-­‐;me	
  ac;on	
  
Preemp;ng	
  badles	
  before	
  they	
  happen	
  
Use	
  of	
  reputa;on	
  risk	
  management	
  
tools	
  to	
  iden;fy	
  reputa;on	
  opportunity	
  
leverage	
  	
  
War Rooms in Peace Time
@PurpleStrats	
  |	
  #AdweekNetBase	
  
NetBase GOP Debate LIVE Pulse
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
CEOs	
  Review	
  KPIs	
  daily	
  
Visualiza;ons	
  help	
  bring	
  to	
  
life	
  focus	
  areas	
  like:	
  	
  
•  Brand	
  performance	
  
•  GEO	
  hotspots	
  
•  The	
  Mash-­‐Up	
  is	
  the	
  way	
  
to	
  go	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
What	
  is	
  the	
  impact	
  of	
  the	
  
conversa;on?	
  
Issue	
   Industry	
  
How	
  big	
  is	
  the	
  conversa;on	
  
in	
  rela;on	
  to	
  others?	
  
Previous	
  
Issue	
  
Parallel	
  
Issue	
  
Parallel	
  
Issue	
  
Previous	
  
Issue	
  
Are	
  aetudes	
  in	
  line	
  with	
  
other	
  issues?	
  	
  
How	
  strongly	
  do	
  people	
  
feel?	
  	
  
1.	
  Volume	
  
Net Sentiment
-10
 -30
 -40
-5
 -10
 5
Who	
  is	
  driving	
  the	
  
conversa;on?	
  
Where	
  is	
  conversa;on	
  
happening?	
  
Reach	
  
Volume	
  
Influence	
  
Type	
   Popular	
  
Understand Issues in Context
2.	
  Sen;ment	
   3.	
  Who	
  is	
  Talking	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Decision Situations
Company	
  
ac;ons	
  
Monitor	
   Track	
   Act	
   Close	
  the	
  Loop	
  
1
2
3
4
Exposure	
  
high	
  
low	
  
Issue	
  Life	
  Cycle	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Staff for Success
•  Goal	
  was	
  to	
  monitor	
  brand	
  conversa;on	
  
and	
  effec;vely	
  respond	
  to	
  crises	
  in	
  all	
  
countries	
  of	
  opera;on	
  
	
  
•  Cost	
  effec;ve	
  support	
  for	
  a	
  global	
  brand	
  
	
  
	
  
Whenever	
  you	
  can	
  manage	
  the	
  
message,	
  it’s	
  a	
  lot	
  easier	
  than	
  leeng	
  
the	
  message	
  manage	
  you.	
  	
  
	
  
-­‐	
  Director,	
  Industry	
  &	
  Compe;;ve	
  
Insights	
  
1	
  Brand	
   2	
  Analysts	
   30	
  Languages	
   50	
  Countries	
  
Source:	
  	
  NetBase	
  Social	
  Value	
  Analysis	
  2014	
   |	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Value of Brand Reputation is not so Hidden 
Before	
  
•  The	
  ‘Old’	
  model	
  
•  Surveys	
  
•  Focus	
  groups	
  
•  ‘Gut	
  feel’	
  
Today	
  
•  Real-­‐;me	
  understanding	
  
•  Predic;ng	
  
•  Dynamic	
  
•  Voice	
  at	
  scale	
  	
  
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
Q&A
|	
  @NetBase	
  |	
  #AdweekNetBase	
  	
  
ENTERPRISE SCALE SOCIAL
MEDIA ANALYTICS
THE WORLD’S FASTEST AND MOST-ACCURATE PLATFORM
USED BY SOCIALLY-POWERED BRANDS EVERYWHERE
Learn more at NetBase.com | call 855-762-6764

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Measuring Brand Reputation: Social Analytics' Best Practices

  • 1. Welcome Robert Fronk Managing Director of Reputation Strategy Purple Strategies @PurpleStrats Pernille Bruun-Jensen Chief Marketing Officer NetBase @PernilleBruunJ |  @NetBase  |  #AdweekNetBase    
  • 2. THE HIDDEN VALUE OF BRAND REPUTATION |  @NetBase  |  #AdweekNetBase    
  • 3. Agenda How  to  innovate  around  business  value  1   2   3   What  leading  brands  are  doing  to  iden;fy  social   decision  situa;ons   How  to  reduce  costs  and  improve  no;fica;on   across  the  team     |  @NetBase  |  #AdweekNetBase    
  • 4. Reduce & Mitigate Risk to Brand Reputation Rapidly  Address   Social  Decision   Situa;ons   1  Decrease  Risk  to  Reputa;on     2  Iden;fy  &  Isolate  Detractors     3  No;fy  Teams  Faster   4  Reduce  Cost  of  Response   |  @NetBase  |  #AdweekNetBase    
  • 5. Brands Need to Be Customer-Centric to Drive Value Source:  Adroit  Digital,  Mar.  2014  based  on  answers  from  2K  millennials   Brands  willing  to  change  based  on  consumer  opinion   Open  dialogue  through  social  channels   Be  less  about  the  brand  and  more  about  the  consumer   52%   44%   38%   How  Brands  Can  Stay  Relevant  to  Millennial  Consumers   |  @NetBase  |  #AdweekNetBase    
  • 6. Innovating to Create Value You  can’t  go  forward  by  looking  backward     @PurpleStrats  |  #AdweekNetBase   Focus  shiSs  from  measuring   past  performance  to  being   seen  as  connected  to  the   customer’s  future   Need  to  maximize  the   “miracle  of  your  brand”     or  constantly  “create     new  miracles”   Using  social  not  to  listen   about  my  brand  reputa;on   but  to  understand  how  my   corporate  purpose  fits  into   broader  social  purpose  
  • 7. A New Approach is Needed From:  Move  the  Metric   •  Sta;c   •  Score   •  Yesterday   •  Product   To:  Build  Value   •  Forward-­‐leaning   •  Outcome   •  Connected  to  Future   •  Purpose   @PurpleStrats  |  #AdweekNetBase  
  • 8. Recognizing your Options @PurpleStrats  |  #AdweekNetBase  
  • 9. Brand Preferences Change Dynamically Great  work  by  Credit  Suisse  using  NetBase     •  Tracking  same  store  retail  growth  rates   •  Compared  to  trend  in  consumer  brand  emo;on     •  Growth  rates  for  brand  impression  –  i.e.  how  many            people  are  exposed  to  the  conversa;on   |  @NetBase  |  #AdweekNetBase    
  • 10. Some Brands are Already Exposed on Value Nike Adidas Vans UGG Converse Crocs Puma New  BalanceReebok Under  Armour Timberland Asics The  North  Face lululemon Skechers Sperry Fila Saucony Zumiez prAna AthletaColumbia Russell  Athletic Quiksilver Sweaty  Betty 40 45 50 55 60 65 70 75 80 85 90 95 100 -­‐60% -­‐40% -­‐20% 0% 20% 40% 60% 80% 100% SENTIMENT  -­‐SEPT  2014  Score ONLINE  REACH  -­‐ Y/Y  Growth LAGGING Average LEADING NEUTRAL NEUTRAL Source:  Credit  Suisse  and  NetBase  2014-­‐2015   |  @NetBase  |  #AdweekNetBase    
  • 11. Lululemon Athletica – Product & Founder Source:  Credit  Suisse  and  NetBase  2014-­‐2015   |  @NetBase  |  #AdweekNetBase    
  • 12. Lululemon Athletica – Product and Founder Source:  Credit  Suisse  and  NetBase  2014-­‐2015   |  @NetBase  |  #AdweekNetBase    
  • 13. Lululemon Athletica – Product and Founder Source:  Credit  Suisse  and  NetBase  2014-­‐2015   |  @NetBase  |  #AdweekNetBase    
  • 14. The Cost of Decisions •           300  the  number  of  social  decision   situa;ons  for  an  average  company     •  $30K  -­‐  $9M  is  the  cost  of  wrong  or   delayed  ac;on   The  rate  of  consump;on  for  us  is  so   high  that  we  have  thousands  of   significant  events  to  respond  to  each   year…  NetBase  helps  us  get  out  ahead   of  the  storm.         -­‐  Director,  Social  Product  Strategy   Source:    NetBase  Social  Value  Analysis  2015   |  @NetBase  |  #AdweekNetBase    
  • 15. Using Social to make Better Decisions Recognizing  the   difference  between   coverage  and   engagement   Making  beder  use  of   small  data  –  breaking   content  down  in   order  to  rebuild  it     for  ac;va;on   Move  from  numeric   approach  to  network   approach     Seeng  unique   parameters  to   understand  what   maders  to  you   @PurpleStrats  |  #AdweekNetBase  
  • 16. Our Process Numeric  Approach   TRADITIONAL  APPROACH   VS.   Network  Approach   OUR  APPROACH   Follower  Count  vs.  Follower   Quality     ImpracIcal  vs.  Reachable   Popular  vs.  Credible   Vocal  vs.  InfluenIal   53  99   ?   ?   ?   ?   @PurpleStrats  |  #AdweekNetBase  
  • 17. The Network in Action @JonSmith @JaneDoe @ABC @ABCASmith @JaneSmith @JohnSmith @DrJDoe The  network  approach  allows  us  to   build  a  targeted  universe  specific  to  the   needs  of  the  client.  By  u;lizing  this   approach  we  are  able  to  have  an  in   depth  understanding  of  the  types  of   influencers  that  we  target  and  provide   the  client  with  higher  engagement   rates  and  maximum  ROI.     @PurpleStrats  |  #AdweekNetBase  
  • 18. Using Social to Make Better Decisions What  gets  reported  is  not  always   the  same  as  what  audiences  share   and  engage  with.   @PurpleStrats  |  #AdweekNetBase  
  • 19. Increased  use  of  war  room  approach   and  tac;cs  to  drive  sales  and  customer   sa;sfac;on   •  Con;ngent  on  real-­‐;me  data  and   ability  to  direct  real-­‐;me  ac;on   Preemp;ng  badles  before  they  happen   Use  of  reputa;on  risk  management   tools  to  iden;fy  reputa;on  opportunity   leverage     War Rooms in Peace Time @PurpleStrats  |  #AdweekNetBase  
  • 20. NetBase GOP Debate LIVE Pulse |  @NetBase  |  #AdweekNetBase    
  • 21. CEOs  Review  KPIs  daily   Visualiza;ons  help  bring  to   life  focus  areas  like:     •  Brand  performance   •  GEO  hotspots   •  The  Mash-­‐Up  is  the  way   to  go   |  @NetBase  |  #AdweekNetBase    
  • 22. What  is  the  impact  of  the   conversa;on?   Issue   Industry   How  big  is  the  conversa;on   in  rela;on  to  others?   Previous   Issue   Parallel   Issue   Parallel   Issue   Previous   Issue   Are  aetudes  in  line  with   other  issues?     How  strongly  do  people   feel?     1.  Volume   Net Sentiment -10 -30 -40 -5 -10 5 Who  is  driving  the   conversa;on?   Where  is  conversa;on   happening?   Reach   Volume   Influence   Type   Popular   Understand Issues in Context 2.  Sen;ment   3.  Who  is  Talking   |  @NetBase  |  #AdweekNetBase    
  • 23. Decision Situations Company   ac;ons   Monitor   Track   Act   Close  the  Loop   1 2 3 4 Exposure   high   low   Issue  Life  Cycle   |  @NetBase  |  #AdweekNetBase    
  • 24. Staff for Success •  Goal  was  to  monitor  brand  conversa;on   and  effec;vely  respond  to  crises  in  all   countries  of  opera;on     •  Cost  effec;ve  support  for  a  global  brand       Whenever  you  can  manage  the   message,  it’s  a  lot  easier  than  leeng   the  message  manage  you.       -­‐  Director,  Industry  &  Compe;;ve   Insights   1  Brand   2  Analysts   30  Languages   50  Countries   Source:    NetBase  Social  Value  Analysis  2014   |  @NetBase  |  #AdweekNetBase    
  • 25. Value of Brand Reputation is not so Hidden Before   •  The  ‘Old’  model   •  Surveys   •  Focus  groups   •  ‘Gut  feel’   Today   •  Real-­‐;me  understanding   •  Predic;ng   •  Dynamic   •  Voice  at  scale     |  @NetBase  |  #AdweekNetBase    
  • 26. Q&A |  @NetBase  |  #AdweekNetBase    
  • 27. ENTERPRISE SCALE SOCIAL MEDIA ANALYTICS THE WORLD’S FASTEST AND MOST-ACCURATE PLATFORM USED BY SOCIALLY-POWERED BRANDS EVERYWHERE Learn more at NetBase.com | call 855-762-6764