the social web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... ·...

38
The Social Web why brands must listen, measure and act Presented by: Adam Selig

Upload: others

Post on 09-Jun-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

The Social Web

why brands must

listen, measure and act

Presented by: Adam Selig

Page 2: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Our World at Warp Speed

Here’s what happens in one second…

7 PCs are sold

9 people logon the Web for the first time

25 cell phones are sold

257 search engine queries occur

1,157 videos are viewed on YouTube

2 million emails are sent

Page 3: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

…And We’re Just Starting

1 billion people online

6 billion people to go

There is as much content on YouTube today

as there was on the entire Web in 2000.

Page 4: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Fad or Force?

Top 10 Innovations of past decade….

The Software and Information Industry Association (SIIA)

BlackBerry introduced (1999)10

iTunes (2001)9

Consumer-Generated Content (2005)8

WiFi (802.11 launched 1997)7

Open Standards (HTML 4.0 released 1997)6

Google Ad Words (2000)5

Amazon.com (IPO May 1997)4

eBay (launched September 1997)3

Broadband Usage of US Internet Users Reaches 50% (2004)2

Google (1998)1

Page 5: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Networking

“If you’re NOT

on a social networking site,

you’re NOT on the Internet.”

Page 6: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

What does it mean to be on the social web?

http://blogs.forrester.com/groundswell/2008/10/new-2008-social.html

Page 7: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Customer Intimacy circa 1967

Page 8: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Customer Intimacy circa 2005

Unilever employee Mike Fortner emailed Dan to suggest ways for Dan to find store

locations and sent him a case of the product. Dan blogged about it and became a

brand advocate.

Page 9: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Integrate – Actionable Intelligence

Today● Reputation Management

● Brand Protection

● Threat Assessment

● Public Relations

● Policy Development

● Customer Service

● Business Intelligence

● Product Development

● Marketing Metrics

– Media Planning

– Market Research

– Competitive Intelligence

Tomorrow…● Social Media platforms for corporate Intranets [e.g. Facebook]

● “Mashups” [integrating internal applications with external data]

● Intra-Enterprise collaboration

● Back Office Applications [ERP, CRM, HR]

● Social CRM

● “Semantic Web”

Page 10: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Requirements of Social Media Platforms

Large & Medium Enterprises & Agencies require…

• Automated Data Collection

– Multi-Channel/Lingual

– Rapid Collection

– Automated vs. manual

• Data Processing

– Text Analysis

– Sentiment Analysis

– Influencer Identification

• Increased Analytics

– Leverage Voice of Customer Insight

– Multi-Dimensional Insight Delivery

– Pro-Active Customer Interaction Module

– Scalable Targeting

Page 11: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

The Conversation Prism

Source: Brian Solis, FutureWorks

Page 12: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Source: Marta Z. Kagan

73% of active online

users have read a blog,

45% have started their own

57% have joined

a social network

55% have

uploaded photos

83%

have

watched

video

clips

Social Networking

39% subscribe

to an RSS feed

Page 13: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Word of Mouth Rules

Page 14: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Redefining Influential Sources

Top 100 news sources

Page 15: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social networks

have caused a

fundamental shift

in the way people

interact with each

other. More than

70% of Americans

15 - 34 actively

using online

social networks.

Source: Fox Interactive Media

Social Networks Trump Other Media

Page 16: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Mainstream Media goes Social

Consumer Interaction

Page 17: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Wikipedia - Tim Russert

Wikipedia Scooped NBC News

Page 18: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Media - Women outnumber Men

Page 19: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Disney Mom’s Panel

More than 20,000 questions last year

Page 20: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Consumers Buy More

“One in three Internet users say purchase decisions

swayed by social content“ -- Jupiter Research

Page 21: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Ratings

Page 22: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Brands Micro-blogging

Source: Universal McCann, Power to the People - Social Media Tracker Wave 3

Page 23: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Syndication of CGM Influence

Blog content syndicated to online msm

Page 24: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Media Travels Fast

Engadget knocks $4 billion off Apple market

cap in six minutes on bogus iPhone rumor.

Page 25: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Real Business Value

Consumer opinions are the most valued consumer

tools in a crowded marketplace.

brands need:

insight into what consumers are saying

awareness in social media networks

excitement for products

to engage with audiences

The Internet has

surpassed

television as the

"most essential"

medium by

people 12 – 44.

Edison Media Research

Page 26: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Corporate America Needs Social Media

“Does business act responsibly?”

Percentage of

respondents

who said

“yes”

Source: “Yankelovich, CNN/USA Today, and Gallup

70%

15%

30% 28%

16%

0%

10%

20%

30%

40%

50%

60%

70%

1968 1976 1985 1999 2006

Page 27: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Media Process

Marketers need to find the right entry point to

engage appropriately a social media dialogue.

Trust needs to increase with marketer engagement.

participate4 share5 evaluate6learn3listen2join11

Page 28: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Interactivity Engine

Talk Action Continuum

Conversational

Communication

Controlled

Communication

Conversational

Collaboration

Controlled

Collaboration

Communication Collaboration

Conversational

Controlled

Conversational

Line

Participation Line

Page 29: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

You Can Run but You Can’t Hide

“Whether or not we choose to be part of the dialogue,

the dialogue is going to happen,”… “I believe the

challenge is to make happen with us.”

-- Coca-Cola’s Tim Kopp

“Consumer-generated media … are siphoning

attention from traditional media and creating networks

of influence among consumers.”

-- Forrester’s Brian Haven

Page 30: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

You Have Two Choices

…or procrastinate and then join the

conversation later on anyway…

join the conversation…

Page 31: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Conversation Architect

Don’t market messages.

Create social experiences.

Design conversations

…and relationships.

authentic

organic

genuine

conversational

Source: David Armano, Logic + Emotion

Page 32: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Dialogue is Fueling the “Conversation Economy”

CONVERSATION

RELATIONSHIPS

AFFINITY

COMMUNITY

Conversation Architecture

Page 33: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Brands & Bandwagons

“SELLING AND TELLING is defunct;

gone forever. With the increase of

consumer-generated media … consumers

are showing a greater need for making

connections with other people and

brands.”

Source: James R. Stengel, Global Marketing Officer for P&G

Page 34: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Brands Micro-blogging

Page 35: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Southwest Airlines

Page 36: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Networking

is…

transparent

inclusive

authentic

vibrant

consumer-driven

Page 37: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

Social Networking

is NOT…

controlled

organized

exclusive

product-driven

“on message”

Page 38: The Social Web - nymetro.chapter.informs.orgnymetro.chapter.informs.org/prac_cor_pubs/05-09... · The Social Web why brands must listen, measure and act ... Source: Universal McCann,

and if all else fails…