Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Brand Management in the Conversation Age
1. Brand Management in the Conversation Age June 25, 2010 Executive MBA Program, UNC Chapel Hill Angela Connor | Social Media Manager, Capstrat
2. Who controls your online brand? You Your marketing department Your employees Your customers Happy Disgruntled Indifferent Your clients Bloggers The general public
4. A New Social Brand Experience Transparency and openness “Let’s talk” Direct consumer interaction Shifted expectations Increased consumer influence Larger audience reached in seconds
5. Consumer Sentiment ourdee: Managed to control my gluttonous urges @ Golden Corral, though I did have 2 plates of 'endless baby back ribs'. Salad w/ fat free dressing? Mike Pavlik ...Anybody want to go to Golden Corral with me on Sunday? Just a warning tho..last time i was there for over an hour. I also bring a small baggie so i can take home a few cupcakes, and i also bring in my own little bottle of skim milk and my own spray butter...which true story by the way back in 07, the manager came outside ... See Moreand said, sir..is this your butter? You left it on the table." Ha, what a manager!!!! Greg DeeWhy are there a million people at the gym this morning? Did Golden Corral have a 2 for one special last night? Eileen HoffmanTaking Mum to see Disney's "Oceans" today and then out for a bite at Golden Corral. Hope the weather holds up Julio LatigoI am looking forward to the buffet at Golden Corral! Meatloaf is calling my name....this is what happens when you unintentionally miss breakfast.
8. Description: A site to arrange piss ups for former Borders people!
9. Domino’s Fallout “The perception of Dominos' brand quality went from positive to negative in approximately 48 hours.” -Online research firm YouGov “65% of respondents who would previously visit or order Domino's Pizza were less likely to do so after viewing the offensive video.” -HCD Research
13. Accountability is Key YOU ARE MORE ACCOUNTABLE TO YOUR BRAND PROMISE NOW THAN EVER BEFORE!!! Customer Reviews Twitter Posts Social Updates News Stories Blogs Videos PodcastsAppsGames Reviews Micro-social Networks Product/Comment Ratings # of Engaged Consumers
16. Brand management in Web 2.0 The best brands are built inside-out Listening can be a powerful differentiator Offline experience impacts online brand Protect your brand in crisis Use engagement to change perceptions
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18. 1. Brands are built inside-out Engage internal stakeholders Establish guidelines and processes Manage internal expectations Training throughout organization
20. 2. Listening as a differentiator Where are your target markets congregating? How and what are they communicating? Who are the influencers? What are their pain points?
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22. Solicit feedback on their products and services (41%)Source: Cone, 2008
24. Discussion Other examples where listening is a brand differentiator Challenges and risks of this approach
25. 3. Offline experience drives online reputation Match the response to the situation Be nimble, be quick Showing up is half the battle What happens on the web stays on the web
27. 4. Protecting your brand in crisis Establish monitoring system Create crisis response Practice makes perfect The best defense is a good offense Take a long-term approach
28. Discussion Are you prepared to protect your reputation? Who in your organization has the responsibility for online reputation management?
35. Discussion Other examples where social media are used to increase the perceived value of a brand. What are your favorite examples of brands who are using social media to drive business.
36. Begin by listening Final Thoughts People are talking whether you like it or not Understand we live in a new day with new rules and expectations We live in very exciting times Training and Practice
These are actual comments and conversations taking place on Social Networks. – Discuss my meeting w/Golden Corral and hjow they were stunned about these mentions.
The cost to the Domino's national brand equity over the long term is still undetermined.