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Business Insider, Social Commerce Summit, Matt Quint
1. Recovering from a Social Media #FAIL
Matthew Quint
Director, Center on Global Brand Leadership
Columbia Business School
@mattquint
Social Commerce Summit – February 6, 2013
7. Wait? Isn’t social media cheap?
“When I first arrived at Citi,
we needed to get sign-off “That changed when I
from 20 different people calculated how much we
for every tweet, before we were paying per tweet in
posted it.” legal fees, and shared it
with our leadership.”
Frank Eliason, SVP, Social Media, Citi
8. Paying to give your critics a voice
“How can you look as
horrible as you taste #McDonalds”
#McDonalds Tweets
over 30 minutes
+ - Meh
20 9 10
13. Respond to criticism
79% of posted complaints are ignored by the brand
When the brand responds:
46% regained a positive impression of the brand
22% posted a positive comment about the brand
Oracle, 2011 Customer Experience Impact Report
14. 35% DROP in social media driving
eCommerce on Black Friday
Twitter drove… 0.00%
From IBM’s 2012 Black Friday Report
15. TRAIN your employees and connect
with your agency
Act QUICKLY in response
Assess the COST before you commit
It is often about TONE – think like a devil’s advocate
ADAPT and INTERACT to consumer behavior
16. Contact
Matthew Quint
Director, Center on Global Brand Leadership
Columbia Business School
@mattquint
mq@2120@columbia.edu
Social Commerce Summit – February 6, 2013