SlideShare ist ein Scribd-Unternehmen logo
1 von 11
Downloaden Sie, um offline zu lesen
1
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Whitepaper Survey
The Coming Change
in Social Media
Business Applications
Separating the Biz from the Buzz
by Josh Gordon
2
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Introduction
Four factors are driving this trend. First, due to
the rapid rise in the popularity of social media,
the number of potential customers engaged on
social media sites was previously underestimated
by many organizations. Second, in the current
economic downturn, where there are fewer
customers in general, finding them and engaging
them are much higher priorities. Third, there is
now a “Main Street” acceptance of social media
as a powerful persuasive tool. Regardless of
political affiliation, managers everywhere recently
noticed that the largest and most successful
social media campaign in history helped elect
Barack Obama President of the United States.
Finally, there has been a breakdown in traditional
lead-generation programs. With more customer
contact moving online, it is easier than ever for a
client to ignore messages from potential suppli-
ers. Social media can help break the ice.
Why this study?
Social media is getting a lot of media coverage, but
all the attention does not necessarily make it easier
to understand which functions are actually useful
in business. This study was designed to provide
managers with guidance in that area by measuring
which social media tools are being used right now,
and by whom. A look at what other businesses are
doing can offer perspective, as well as a bench-
mark for managers to compare their own organiza-
tions’ progress and opportunities.
In order for a benchmark to be useful, it must be
specific and detailed. To that end, I have divided
this survey into three parts. Part I is an overview
of both current and future intended business use
of social media. Part II focuses on the business
use of Twitter, and Part III examines the business
use of social networks like Facebook and LinkedIn,
with a separate focus on the four general business
functions that social media serves: sales, market-
ing, public relations, and internal communications.
Part I: Overview
Marketing and PR are currently the lead-
ing business uses of social media; sales
and collaborative work lag behind.
Social media is being used in business most often
as a marketing and public relations tool, while
uses in sales support and collaborative work lag
behind. Almost three quarters of respondents said
their organizations use social media for branding,
and two thirds use it for public relations. Only 38%
are using it to support collaborative work, and only
about one in four use it to support sales efforts.
A shift is coming in how organizations use social media
Introduction
Table of Contents
Introduction................ 2
Part I.......................... 3
Part II......................... 5
Part III........................ 7
In Conclusion............. 11
Companies have been using social media primarily as a general communications
tool—mostly for public relations and marketing. That’s about to change, as
businesses discover its value as an essential tool for customer engagement—
providing lead generation, immediate customer contact, and customer interaction.
Methodology:
Social Media Today is an
online social community
focused on issues in the
social media world. This
survey was conducted of its
members and visitors who
are actively involved profes-
sionally in social media.
The results shown here are
based on a sample of 632
survey respondents, col-
lected between March 13,
2009, and April 4, 2009.
RETWEET THIS Whitepaper
Click here to post on Twitter
3
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Part I: Overview
Looking to the future, “lead generation”
is the top business function for which or-
ganizations most want to use social media.
Organizations have shifted priority. With the
economic downturn, “lead generation” has moved
to the top spot as the business function organiza-
tions are “most considering” for the future. The
two currently most frequently used functions,
branding and public relations, follow behind. This
is a highly significant shift, and is reinforced by
other findings in this survey.
When competing for customers,
smaller organizations use social
media more frequently
The smaller the company, the more frequently social
media is used to improve external communications.
As we compare social media usage at smaller com-
panies with 1 to 10 employees to organizations with
over 1,000, there is a steady decrease in the percent-
age of usage. Companies with 10 or fewer employ-
ees are about 30% more likely to use social media
for public relations, branding, and understanding
customers than companies with over 1,000 employ-
ees, and twice as likely to use it for lead generation.
Where larger organizations have more resources
to touch their customers, such as corporate ad-
vertising, social media may not be as big a priority.
However, with less money for outreach programs,
smaller companies can make big inroads by
focusing more on social media.
Larger organizations use social
media more frequently for internal
communications.
Organizations with over 1,000 employees are twice
as likely to use social media for internal communi-
cations as companies with 1 to 10 employees, and
roughly 18% more likely to use social media for
collaborative work. Larger organizations have more
complex and geographically dispersed communica-
tions challenges. In addition, they often have more
sophisticated IT support. They need the communi-
cations services more, and they have the technical
support to take advantage of them.
“The smaller the
company, the
more frequently
social media
is used to
improve external
communications.” Public relations
Branding
Lead generation
Sales support
Understanding
customers
70.6%
76.5%
66.1%
27.1%
63.8%
69.6%
73.0%
58.3%
25.2%
57.4%
59.1%
67.7%
45.2%
29.0%
55.9%
51.9%
59.3%
29.6%
17.3%
49.4%
One to 10
employees
11–100
employees
101–1,000
employees
Over 1,000
employees
On the same list as above, pick the one business
function for which your organization is most consider-
ing using social media.
Lead
generation
25.4%
Branding
17.3%
Public
relations
16.8%
Internal
communication
1.8%
Sales support
6.3%
Collaborative
work
7.9%
Information
sharing
11.2%
Understanding
customers
13.3%
At your organization, which of the following business
functions do you use social media to improve?
Branding
Information sharing
Public relations
Understanding customers
Lead generation
Collaborative work
Internal communication
Sales support
0 20 40 60 80 100
25.8%
32.1%
38.4%
54.9%
56.6%
65.8%
	 70.5%
	 71.8%
0 20 40 60 80 100
4
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Part I: Overview
Social Media Today // .Biz
More organizations encourage the use of
social media than discourage it.
It was not long ago that many organizations
discouraged employees from visiting social media
sites, with many of them blocking access to sites
outright. But today, 41.2% of businesses have
employees whose job function includes spending
time on social media sites, while only 9% report
blocking internal access for employees.
Whereas 41.9% of organizations report that they
have no corporate policy of any kind regarding
social media, 21.8% report having a formal policy
for employees who want to blog.
Finally, about one in four organizations sponsors
a group on a social network for personal announce-
ments and social events.
LinkedIn, Facebook, Twitter, and
blogging lead social media services
and activities for business
Four services dominate the use of social media
networks and tools: LinkedIn (79.3% of respon-
dents now using), Facebook (77.2% now using),
Twitter (75.3% now using). Use of blogs follows
closely behind, with 68% of businesses currently
using them. Only 17.2% of organizations use
MySpace for business.
As organizations look to the future,
the social media form they are “most
considering” using is blogs.
While Twitter and Facebook get the headlines, the
social media form organizations are turning to most
as they look to the future is blogging. Some con-
sider blogging “old” social media, but it has proven
itself an effective communication tool. The ability
to reach a mass audience with a personal point of
view and invite comments is very powerful.Which of the following is true at your organization?
41.2%
9.0%
21.8%
41.9%
25.6%
We require some employees to spend time on social
networks to maintain our company presence.
We block access to social networks for some
employees.
We have a formal policy for employees who blog or
want to blog.
We have no corporate policy regarding social media of
any kind.
We have a group on a social network for personal
announcements and social events.
0 20 40 60 80
Which of the following networks or tools is your
organization currently using?
17.2%
17.6%
27.0%
30.7%
30.7%
38.5%
49.1%
68.0%
75.3%
77.2%
79.3%LinkedIn
Facebook
Twitter
Blogs
YouTube
Online communities of interest
Forums
Groups
Wikis
Ning
MySpace
Ratings/Reviews
Other, please specify
Xing
11.5%
11.5%
7.6%
On the same list as above, which one social media
network or tool is your organization most considering
using social media for in the future?
Blogs
Twitter
Online communities of interest
Facebook
LinkedIn
YouTube
Wikis
Forums
Ratings/Reviews
Groups
Ning
Xing
MySpace
0 10 20
13.8%
14.7%
17.5%
18.1%
13.8%
9.7%
5.4%
4.1%
3.6%
2.6%
2.1%
0.7%
0.5%
“Some consider
blogging ‘old’
social media, but
it has proven itself
an effective com-
munication tool.
The ability to reach
a mass audience
with a personal
point of view and
invite comments is
very powerful.”
Internal
communication
Collaborative
work
23.1%
38.9%
34.8%
33.0%
34.4%
38.7%
50.6%
45.7%
One to 10
employees
11–100
employees
101–1,000
employees
Over 1,000
employees
5
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Part II: Business Applications for Twitter
Part II:
Business Applications
for Twitter
External use of Twitter could
shift sharply toward an emphasis on
customer involvement.
For external communications, the business
use of Twitter shows the same shift as seen
in Part I on the general findings for all social
media forms. That shift is away from general
communications, toward a focus on connecting
with the organization’s customers. Right now,
the most commonly used external Twitter
function is “Sharing breaking news,” followed
by “Extending a personal face to customers.”
But as organizations look to the future, they
are shifting their expectations. Looking ahead,
their top pick is “Keeping in immediate touch
with customers,” followed by “Extending a
personal face to customers,” then followed
by “Sharing breaking news.” The future use
of Twitter could shift toward greater involvement
in customer contact (see following fig.).
Internal use of Twitter focuses on
information sharing.
Fewer organizations are using Twitter for internal
communications. The top two measured options are
about 20% lower than the top two external uses of
Twitter. The internal focus is on sharing information,
knowledge, and resources, as well as networking.
Looking to the future, the internal uses of Twitter
that organizations plan to use are almost identical
to those of the present (see fig. on next page).
Please check all of the external functions offered by
Twitter that your organization now uses.
15.3%
20.0%
48.6%
55.1%
63.7%
	 71.9%Sharing breaking news
Extending a personal face
to customers
Keeping in immediate touch
with customers
Getting feedback from customers
Offering products for sale
Organizing meetings
Keeping top management in touch
with the financial community
0 20 40 60 80
5.8%
On the same list as above, check off the one external
function your organization is most considering using
in the future.
Keeping in
immediate touch
with customers
27.3%
Extending a
personal face
to customers
20.8%
Sharing
breaking news
18.1%
Getting
feedback from
customers
15.5%
Offering
products
for sale
10.0%
Organizing
meetings
6.9%
Keeping top management
in touch with the
financial community
1.4%
Please check all of the internal functions offered by
Twitter that your organization now uses.
9.8%
19.1%
30.2%
32.8%
34.4%
34.4%
46.0%
51.2%
56.8%Sharing information
Professional networking
Sharing knowledge and experience
Leveraging the experience of others
Keeping up on professional developments
Asking for instant expertise
Keeping a team in immediate contact
Coordinating events or meetings
Coordinating emergency responses
0 20 40 60 80
6
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Put this information to work:
I initially signed on to Twitter because I once had
to sell a high-level Silicon Valley executive who
could not be reached any other way. After count-
less failed attempts to contact him through more
traditional channels, his assistant told me, “Josh,
forget the phone, he never answers it. And he
won’t answer e-mail either, because he thinks it’s
ancient technology that wastes time. He thinks of
himself as a member of the digital elite and says
that the only people who count are all on Twit-
ter.” I quickly signed on to Twitter and got right
through to him.
Twitter delivers the ability to communicate mini-
mally but immediately. As a customer contact
tool, where speed counts, it has great potential.
But, that potential is only realized if your custom-
ers are on Twitter. As of now, Twitter’s market
penetration is still uneven.
In many B2B markets, Twitter is not effective as
a customer contact tool. According to a just-
released study from ES Research Group, “The
New Social Media: Do They Enable B2B Selling?,”
only 4% of sales respondents said that Twitter
had ever directly helped them win a B2B sale.
However, there are also many markets where
Twitter is extremely influential.
You can estimate how many of your clients might
be using Twitter from a finding in a recent study
by the Pew Internet & American Life Project. This
study found Twitter users to be highly involved
with other social media. According to Amanda
Lenhart, senior research specialist at Pew, “Both
blogging and social network use increase the
likelihood that an individual also uses Twitter.”
The study found that 23% of social network us-
ers used Twitter or a similar service, while only
4% who do not use social networks have ever
Tweeted. Chances are, if your customer base is
engaged in social media, many will be reachable
by Twitter.
Survey respondents also wrote in “other” uses
of Twitter, including: “mindsharing” with industry
peers; providing thought leadership; educating
others; recruiting talent; providing tech support;
notifying constituents of upcoming events; moni-
toring for issues regarding products or reputation;
keeping in touch with bloggers; extending com-
munities of interest; and customer service.
To read examples of how Twitter is being used to
connect with customers, click on the following
links: Salesforce.com and Bank of America.
Twitter is also a great way to connect with media
outlets. For a long list of media outlets that you
can connect to via Twitter, click here.
On the same list as above, check off the one
internal function your organization is most
considering using in the future.
Sharing information
22.3%
Coordinating events
or meetings
6.9%
Coordinating emergency
responses
4.1%
Professional
networking
17.3%
Sharing knowledge
and experience
13.2%
Keeping up on
professional developments
5.8%
Leveraging the
experience of others
7.6%
Asking for
instant expertise
9.9%
Keeping a team in
immediate contact
12.9%
“As organizations
look to the future,
the same trend
emerges as seen
in the general
social media and
Twitter responses:
a shift toward
more customer
communications
and, in particular,
toward prospecting.”
Part II: Business Applications for Twitter
7
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Part III:
Business Applications
of Social Networks
There are four general functions that social
networks are used for: sales, marketing, public
relations, and internal communications. Each are
measured separately. Here are the findings:
1. Sales use of social networks
Top uses of social networks for sales
are to maintain and build relationships.
The most common use of social media networks,
such as Facebook or LinkedIn, is “Maintaining social
contact with clients” (67.6%). After that, about half
of businesses surveyed use social media to achieve
a “Better understanding of client attitudes” (50.6%).
Sales use of social media networks
could shift sharply toward an emphasis
on customer prospecting.
As organizations look to the future, the same trend
emerges as seen in the general social media and
Twitter responses: a shift toward more customer
communications and, in particular, toward pros-
pecting. The two sales prospecting options rise
dramatically to become the top goals for social
network usage. “Sales prospecting by target-
ing ‘self-identified’ new customers” moves up to
the top choice, from No. 5 currently, and “Sales
prospecting by social networking” moves up as
well, from third place to second. Moving forward,
it seems clear that social networks will be a top
lead generation tool.
Put this information to work:
According to Brian Solis, principal at FutureWorks,
“Human interaction is still human interaction, and
what it takes to be successful with it has not
changed. What has changed is the places where
it happens.” Says Solis: “Social media tools help
you find conversations that can give you insight into
what individuals in your market are saying about your
product. This can give you an opportunity to engage
people on their terms, not as a salesperson, but as a
resource, and then get the sale because of it.”
I use social networks to find out who my clients
really are. We all vary our modes of conversation
when we speak to different types of people: an
intimidating boss, a pesky child, a policeman
giving a speeding ticket, or…a salesperson. Often,
when I “see” two of my clients “talking” to each
other on a social network, their conversation with
each other is very different from my conversations
On the same list as above, pick the one sales function
your organization is most considering using in
the future.
Sales prospecting
by social networking
18.0%
Better understanding
of client attitudes
11.6%
Sales prospecting
by targeting
“self-identified”
new customers
21.0%
Maintaining social
contact with clients
17.8%
Sponsoring closed
groups for select
customers (dealers,
larger buyers, etc.)
8.2%
Information gathering
in preparation for
sales calls
7.7%
Selling products
10.1%
Understanding the client’s
company organization
5.6%
Please check all the ways your organization uses
social networks—including Facebook, LinkedIn, and
MySpace—for sales.
19.3%
36.6%
38.7%
40.8%
47.7%
50.6%
67.6%
Maintaining social
contact with clients
Better understanding
of client attitudes
Sales prospecting
by social networking
Information gathering in
preparation for sales calls
Sales prospecting by targeting
“self-identified” new customers
Understanding the client’s
company organization
Selling products
Sponsoring closed groups for
select customers (dealers,
larger buyers, etc.)
0 20 40 60 80
9.7%
“Marketing is
part of the
shift toward
using social
media as a way
to connect
and acquire
customers.”
Part III: Business Applications of Social Networks
8
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
with either of them, as someone trying to sell them.
But when I see clients “talking” to their peers, I
learn what is truly important to them, and it is
rarely about me or my product. I look for what they
are passionate enough to write about, how they
react to each other, what they are afraid of, and
who their heroes and villains are. Understanding a
person’s values and passions is a first step to un-
derstanding them, and a prerequisite to any sale.
Shel Holtz, principal of Holtz Communication + Tech-
nology, warns about being too “salesy” when you
engage potential clients in a social media environ-
ment: “I see it as a place to build relationships, but
it’s not for direct selling. That’s not what people want
to receive on Facebook. People are there to socialize,
and if you can offer value though conversation,
you can build relationships with those customers.
If you pitch them, they will ignore you, or worse.
Dan McCarthy, chairman and CEO of Network Com-
munications Inc., shares that he becomes better at
reaching out to new clients as they get to know him
though his personal profile and postings on social
media sites. Years ago, McCarthy realized that the
people with whom he had the best business relation-
ships were also those who knew the most about
his personal side. Says McCarthy, “If you connect
the way you live to the way you make a living, you
create an incredible degree of authenticity, which is
what today’s digital generation is looking for in the
people they work with. My professional identity and
my personal identity are very connected.”
Survey respondents also wrote in “other” uses of
social media for sales, including: project oppor-
tunity identification; posting discount codes on
Facebook and Twitter; promoting educational col-
lateral and events; listing salespeople in LinkedIn
profiles; and highlighting case studies.
2. Marketing use of social networks
Top uses for marketing functions
are promoting organic messages and
monitoring customer trends.
About half of the organizations surveyed actively
promote themselves through organic messaging
(56%), monitor trends among their customers
(53.1%), and provide ways for customers to inter-
act with their company (51.5%). About a third use
social networks to research new product ideas
(34.1%), while about one in four advertises on
social networks (26.7%).
Top marketing use of social networks
shifts toward providing ways to interact
with customers.
Looking ahead, we see the same trend repeated
as organizations refocus their social media
toward customer-focused programs. The top
choice moving forward is “We provide ways for
customers to interact with our company,” which
is only the third most-used marketing function
at present. Marketing is part of the shift toward
using social media as a way to connect and
acquire customers.
“Understanding
a person’s values
and passions is
a first step to
understanding
them, and a
prerequisite to
any sale.”
Please check all of the marketing functions offered
by social networks—like Facebook, LinkedIn, and
MySpace—that your organization now uses.
18.8%
19.2%
26.7%
30.1%
34.1%
51.5%
53.1%
56.0%
We actively promote ourselves through
organic messaging
We monitor trends among our customers
We provide ways for customers to
interact with our company
We research new product ideas
We started a user group (or groups)
for customers
We advertise on social networks
We sponsor interactive content online
We use online focus groups
0 20 40 60 80
Part III: Business Applications of Social Networks
9
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Put this information to work:
According to Dan Schawbel, social media special-
ist at EMC Corporation, and author of the book,
Me 2.0: “Social media tools are popular marketing
tools because they are free, people are already
using them, and there’s an opportunity cost for not
getting involved today. Depending on your line of
business, certain social networks will work better
for you than others. It’s all about aligning business
strategy to the use of each tool. Otherwise, you’re
wasting time and not reaching the right audience
with the right message on the right network.”
Brian Solis indicates that there could be more going
on in social networks than you realize. He poses
the question, “If a conversation takes place online
and you’re not there to hear or see it, did it actu-
ally happen?” In fact, there might even be dangers
in not participating. Says Solis, “Conversations are
taking place, with or without you. If you’re not part
of the conversation, then you’re leaving it to oth-
ers to answer questions and provide information,
whether it’s accurate or incorrect. Or, even worse,
you may be leaving it up to your competition to
jump in to become the resource for the community.”
Monitoring and reacting to customer behavior is key.
Ari Herzog, principal of Ari Herzog and Associates,
learned that firsthand when a new pizza restaurant
opened in his town. Herzog tried it, liked it, and
wrote a positive review of it on the social media
review site, Yelp. A few months later, when he re-
visited the restaurant with his mother and sister, he
was surprised when a waiter came by with a free
order of chips and salsa as a thank you for the
review. What kind of impression did that make?
Herzog shared the story with me when I inter-
viewed him, and now you are among thousands
reading about it here. Now that’s good marketing!
Herzog’s enthusiasm is typical of what social
media can do for any brand. Says Dan McCarthy:
“The Holy Grail for a marketer is positive word of
mouth. If you can capture this, it is the highest
means of converting prospects to sales, and at
the least expense. Social media is a way to super-
charge word of mouth.”
Survey respondents also wrote in “other” uses of
social media for marketing, including: showcas-
ing case studies, running a professional group on
LinkedIn, and communicating with media outlets.
Link to an extensive list of social media marketing
examples on Peter Kim’s blog, “Being Peter Kim.”
3. Public relations use of
social networks
Social networks serve a variety of public
relations functions.
The four most common public relations functions
using social media are: maintaining a company pro-
file page (66.6%); using social networks to distrib­ute
press releases and news items (59.3%); monitor­ing
and responding to mentions of the company and its
products (58%); and interacting with bloggers and
members of the traditional press (54.6%).
On the same list as above, pick the one marketing
function your organization is most considering using
in the future.
We actively promote
ourselves through
organic messaging
19.1%
We started a user group
(or groups) for customers
11.4%
We provide ways for
customers to interact
with our company
20.8%
We monitor trends among
our customers
13.0%
We sponsor interactive
content online
10.6%
We use online
focus groups
7.5%
We advertise on
social networks
10.6%
We research new
product ideas
6.9%
Part III: Business Applications of Social Networks
10
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Looking to the future, organizations plan no
changes in how they use social networks to sup-
port their public relations efforts, with future uses
being identical in sequence and proportion to
current use.
Put this information to work:
Public relations professionals would do well to
monitor social networks for activity about their
organization and products. Shel Holtz, calls this
essential: “If you are monitoring, you can be part
of the conversation. Social media is becoming
the communication channel for breaking news.
Remember that the first reports of the US Airways
flight that water-landed in the Hudson River were
first reported on Twitter by someone with a cell
phone on a nearby ferry. If your company gets in
the news, you may find out about it first by moni-
toring social networks.”
The other PR function unique to social media is
the ability to post a company profile page. Some
companies take this free service more seriously
than others. Annie Ta, from Facebook’s corporate
communications team, says: “We encourage
businesses to really engage with consumers on
their profiles. For example, businesses should
update their status, post videos and photos, and
start discussion threads with their consumers.
Public profiles provide a way for businesses to talk
to consumers and understand them. Some of the
most successful public profiles are those that cre-
ate a genuine dialogue with their fans.”
Link to two great examples of company profile
pages: Dell and Visa.
Survey respondents also wrote in “other” uses of
social media for public relations, including: updat-
ing fans and customers on company news; pro-
moting company events; registration for events;
maintaining an alumni group for past employees;
and promoting a fundraising program.
4. Use of social networks for
internal communications
Organizations can save expense by using
existing social networks to create work
groups where documents, schedules, and
communication are shared collaboratively,
from anywhere on earth.
While there are security concerns with posting
potentially sensitive internal communications
on a third party’s network, the irresistible “free”
cost for simple groups is motivation for many.
Currently, the top uses of these services are
“Sharing documents” and “Maintaining commu-
nication with teams.”
Please check all the internal workflow functions
offered by social networks—like Facebook, LinkedIn,
and MySpace—that your organization now uses.
24.8%
27.0%
29.6%
34.5%
42.1%
42.1%
0 20 40 60
Sharing documents
Maintaining communications
with teams
Creating “intranet-like”
internal communications
Coordinating internal
schedules and events
Creating “intranet-like”
communication for work
collaboration
Creating internal
work groups
Please check all the public relations functions
offered by social networks—like Facebook, LinkedIn,
and MySpace—that your organization now uses.
19.6%
54.6%
58.0%
59.2%
66.6%
We maintain a company
profile page
We use social networks to distribute
press releases and news items
We monitor and respond to
mentions of our company or products
We interact with bloggers, as well as
with members of the traditional press
We sponsor group(s) to answer
customer questions
We have a formal blogger
relations program
Other, please specify
0 20 40 60 80
15.4%
8.0%
Part III: Business Applications of Social Networks
“Some of the
most successful
public profiles are
those that create a
genuine dialogue
with their fans.”
11
The Coming Change in Social Media Business Applications:
separating the biz from the buzz
Social Media Today // .Biz
Looking ahead, the use of social networks to help
internal workflow will remain similar to usage today
with one difference: Fewer organizations will use
social networks for file sharing. Among current
uses, “file sharing” is tied with “maintaining com-
munication with teams” for the top use. For the
future, it drops to fourth place, near the bottom.
Put this information to work:
The results speak for themselves here, and since
not much is changing, there is little to add.
Survey respondents also wrote in “other” uses of
social media for internal workflow, including: train-
ing, building bonds with remote teams, and general
social use with no professional communications.
In Conclusion
This study is the first to document the coming
shift in the use of social media—from a helpful
tool for a variety of communication needs, to an
essential tool for customer engagement.
As organizations invest in social media programs,
incorporating this shift into the plans should be
considered a high priority.
Skeptics might say that a more customer-centric
approach is natural in a recession when busi-
ness is scarce. But a recession is not just a time
of slow sales. More significantly, it is also a time
when the pace of change accelerates, and the
competitive landscape of industries is reshaped.
A research study done by Bain & Co. in the after-
math of the 2001 recession discovered that com-
petitive change during the recession occurred at
about twice the normal rate. In addition, compa-
nies that changed competitive positions against
one another during the recession remained in
their new rankings long after it had passed.
In 1929, rival cereal makers Kellogg’s and Post
were in a close race to win the emerging cold
breakfast cereal market. Through the Great De-
pression that followed, Kellogg’s maintained an
aggressive marketing posture, while Post slashed
its ad budgets. When the slow time ended, Kel-
logg’s had a market advantage over its rival that
it maintains to this day—almost 70 years later.
(More on that story here)
It would be a mistake to assume that this shift
toward customer-centric usage of social media
is temporary. In fact, the shift toward customer
engagement, and away from general communica-
tions, shows a more important role for social me-
dia use at organizations. As Peter Drucker, known
as the father of modern management, said, “The
purpose of a business is to create a customer.”
On the same list as above, pick the one internal
workflow function your organization is considering
using in the future.
Maintaining
communication
with teams
20.0%
Creating
“intranet-like”
communication
for work
collaboration
16.3%
Sharing documents
11.6%
Creating internal
work groups
8.4%
Coordinating internal
schedules and events
9.3%
Creating “intranet-like”
internal communications
13.4%
IN CONCLUSION
About the author: Josh Gordon is president of Selling 2.0, where he works to improve the
performance of organizations and sales teams with research-based training and consulting services.
An internationally recognized expert on selling, he has written four books on the subject. For more
information, visit www.Selling2.com.
RETWEET THIS Whitepaper
Click here to post on Twitter

Weitere ähnliche Inhalte

Was ist angesagt?

Social Media and HR: Why and How to Use It Effectively.
Social Media and HR: Why and How to Use It Effectively. Social Media and HR: Why and How to Use It Effectively.
Social Media and HR: Why and How to Use It Effectively. Stuart Friedman | SPHR
 
Keys to Community Readiness and Growth Report
Keys to Community Readiness and Growth ReportKeys to Community Readiness and Growth Report
Keys to Community Readiness and Growth ReportLeader Networks
 
Relationship Economics: How Social Media Improves Relationships and the Botto...
Relationship Economics: How Social Media Improves Relationships and the Botto...Relationship Economics: How Social Media Improves Relationships and the Botto...
Relationship Economics: How Social Media Improves Relationships and the Botto...Brian Solis
 
[Slides] The State of Social Business 2013: The Maturing of Social Media into...
[Slides] The State of Social Business 2013: The Maturing of Social Media into...[Slides] The State of Social Business 2013: The Maturing of Social Media into...
[Slides] The State of Social Business 2013: The Maturing of Social Media into...Altimeter, a Prophet Company
 
Social media insights - What most companies & brands don't know
Social media insights - What most companies & brands don't knowSocial media insights - What most companies & brands don't know
Social media insights - What most companies & brands don't knowGeek4Green
 
Social Media Impact Report: B2B Industry 2016
Social Media Impact Report: B2B Industry 2016Social Media Impact Report: B2B Industry 2016
Social Media Impact Report: B2B Industry 2016Allan V. Braverman
 
The State of Corporate Social Media 2012
The State of Corporate Social Media 2012The State of Corporate Social Media 2012
The State of Corporate Social Media 2012Nick Johnson
 
Social Media and CRM - Short Paper
Social Media and CRM - Short PaperSocial Media and CRM - Short Paper
Social Media and CRM - Short PaperKathan Bhatt
 
Social-Media-Marketing-for-Local-Businesses-Report
Social-Media-Marketing-for-Local-Businesses-ReportSocial-Media-Marketing-for-Local-Businesses-Report
Social-Media-Marketing-for-Local-Businesses-ReportPhillip Myers
 
Social Media for the Equipment Finance Company
Social Media for the Equipment Finance CompanySocial Media for the Equipment Finance Company
Social Media for the Equipment Finance CompanySuzanne Henry
 
Part 3 social media in the workplace final
Part 3 social media in the workplace finalPart 3 social media in the workplace final
Part 3 social media in the workplace finalshrm
 
Enterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCEnterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCKME Internet Marketing
 
Social Media around the World 2012 (by InSites Consulting)
Social Media around the World 2012 (by InSites Consulting)Social Media around the World 2012 (by InSites Consulting)
Social Media around the World 2012 (by InSites Consulting)InSites Consulting
 
2009 Digital Readiness Report
2009 Digital Readiness Report2009 Digital Readiness Report
2009 Digital Readiness ReportDan St. Peter
 
Corporate Relations - Social media presentation
Corporate Relations - Social media presentationCorporate Relations - Social media presentation
Corporate Relations - Social media presentationLeedsMet_CR
 
Social Media for Customer Service Report 2013
Social Media for Customer Service Report 2013Social Media for Customer Service Report 2013
Social Media for Customer Service Report 2013Liam Dowd
 

Was ist angesagt? (18)

Social Media and HR: Why and How to Use It Effectively.
Social Media and HR: Why and How to Use It Effectively. Social Media and HR: Why and How to Use It Effectively.
Social Media and HR: Why and How to Use It Effectively.
 
Keys to Community Readiness and Growth Report
Keys to Community Readiness and Growth ReportKeys to Community Readiness and Growth Report
Keys to Community Readiness and Growth Report
 
Relationship Economics: How Social Media Improves Relationships and the Botto...
Relationship Economics: How Social Media Improves Relationships and the Botto...Relationship Economics: How Social Media Improves Relationships and the Botto...
Relationship Economics: How Social Media Improves Relationships and the Botto...
 
[Slides] The State of Social Business 2013: The Maturing of Social Media into...
[Slides] The State of Social Business 2013: The Maturing of Social Media into...[Slides] The State of Social Business 2013: The Maturing of Social Media into...
[Slides] The State of Social Business 2013: The Maturing of Social Media into...
 
Social media insights - What most companies & brands don't know
Social media insights - What most companies & brands don't knowSocial media insights - What most companies & brands don't know
Social media insights - What most companies & brands don't know
 
Social Media Impact Report: B2B Industry 2016
Social Media Impact Report: B2B Industry 2016Social Media Impact Report: B2B Industry 2016
Social Media Impact Report: B2B Industry 2016
 
The State of Corporate Social Media 2012
The State of Corporate Social Media 2012The State of Corporate Social Media 2012
The State of Corporate Social Media 2012
 
Social Media and CRM - Short Paper
Social Media and CRM - Short PaperSocial Media and CRM - Short Paper
Social Media and CRM - Short Paper
 
Social-Media-Marketing-for-Local-Businesses-Report
Social-Media-Marketing-for-Local-Businesses-ReportSocial-Media-Marketing-for-Local-Businesses-Report
Social-Media-Marketing-for-Local-Businesses-Report
 
Social Media for the Equipment Finance Company
Social Media for the Equipment Finance CompanySocial Media for the Equipment Finance Company
Social Media for the Equipment Finance Company
 
Part 3 social media in the workplace final
Part 3 social media in the workplace finalPart 3 social media in the workplace final
Part 3 social media in the workplace final
 
Social Media Marketing Course Training
Social Media Marketing Course TrainingSocial Media Marketing Course Training
Social Media Marketing Course Training
 
Enterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCEnterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DC
 
Social Media around the World 2012 (by InSites Consulting)
Social Media around the World 2012 (by InSites Consulting)Social Media around the World 2012 (by InSites Consulting)
Social Media around the World 2012 (by InSites Consulting)
 
2009 Digital Readiness Report
2009 Digital Readiness Report2009 Digital Readiness Report
2009 Digital Readiness Report
 
Social networking tools for enterprises 2
Social networking tools for enterprises   2Social networking tools for enterprises   2
Social networking tools for enterprises 2
 
Corporate Relations - Social media presentation
Corporate Relations - Social media presentationCorporate Relations - Social media presentation
Corporate Relations - Social media presentation
 
Social Media for Customer Service Report 2013
Social Media for Customer Service Report 2013Social Media for Customer Service Report 2013
Social Media for Customer Service Report 2013
 

Andere mochten auch

Digital Shopping and Connected Devices in 2012
Digital Shopping and Connected Devices  in 2012 Digital Shopping and Connected Devices  in 2012
Digital Shopping and Connected Devices in 2012 Sumit Roy
 
R E M A X K O M E N Prezo
R E M A X  K O M E N  PrezoR E M A X  K O M E N  Prezo
R E M A X K O M E N PrezoBarrington
 
Kidney booklet launch at Kolkata Fortis Kidney Institute
Kidney booklet launch at Kolkata Fortis Kidney InstituteKidney booklet launch at Kolkata Fortis Kidney Institute
Kidney booklet launch at Kolkata Fortis Kidney InstituteSumit Roy
 
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...GoalBusters Consulting
 
State of mobile advertising in US
State of mobile advertising in USState of mobile advertising in US
State of mobile advertising in USSumit Roy
 
Malware goes mobile
Malware goes mobileMalware goes mobile
Malware goes mobileSumit Roy
 
Barrington's Double Bottom Line Business
Barrington's Double Bottom Line BusinessBarrington's Double Bottom Line Business
Barrington's Double Bottom Line BusinessBarrington
 
national brands across the globe
national brands across the globe national brands across the globe
national brands across the globe Sumit Roy
 
Value Reference Model - Governing
Value Reference Model - GoverningValue Reference Model - Governing
Value Reference Model - GoverningArnaldo Colombo
 

Andere mochten auch (11)

Digital Shopping and Connected Devices in 2012
Digital Shopping and Connected Devices  in 2012 Digital Shopping and Connected Devices  in 2012
Digital Shopping and Connected Devices in 2012
 
R E M A X K O M E N Prezo
R E M A X  K O M E N  PrezoR E M A X  K O M E N  Prezo
R E M A X K O M E N Prezo
 
Kidney booklet launch at Kolkata Fortis Kidney Institute
Kidney booklet launch at Kolkata Fortis Kidney InstituteKidney booklet launch at Kolkata Fortis Kidney Institute
Kidney booklet launch at Kolkata Fortis Kidney Institute
 
Charlotte presentation
Charlotte presentationCharlotte presentation
Charlotte presentation
 
Rational HATS overview 7.5.1
Rational HATS overview 7.5.1Rational HATS overview 7.5.1
Rational HATS overview 7.5.1
 
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...
Finding Dollars in a Desert - Fundraising in Tough Times - GoalBusters Consul...
 
State of mobile advertising in US
State of mobile advertising in USState of mobile advertising in US
State of mobile advertising in US
 
Malware goes mobile
Malware goes mobileMalware goes mobile
Malware goes mobile
 
Barrington's Double Bottom Line Business
Barrington's Double Bottom Line BusinessBarrington's Double Bottom Line Business
Barrington's Double Bottom Line Business
 
national brands across the globe
national brands across the globe national brands across the globe
national brands across the globe
 
Value Reference Model - Governing
Value Reference Model - GoverningValue Reference Model - Governing
Value Reference Model - Governing
 

Ähnlich wie Smt whitepaper biz

The Coming Change in Social Media Business Applications
The Coming Change in Social Media Business ApplicationsThe Coming Change in Social Media Business Applications
The Coming Change in Social Media Business ApplicationsElizabeth Lupfer
 
Social Media Business Applications
Social Media Business ApplicationsSocial Media Business Applications
Social Media Business Applicationsjgordon
 
The Coming Change in Social Media Business Applications
The Coming Change in Social Media Business ApplicationsThe Coming Change in Social Media Business Applications
The Coming Change in Social Media Business Applicationswhite paper
 
The Coming Change in Social Media Applications
The Coming Change in Social Media ApplicationsThe Coming Change in Social Media Applications
The Coming Change in Social Media ApplicationsVlastimil Dejl
 
The Coming Change in Social Media by Social Media Today
The Coming Change in Social Media by Social Media TodayThe Coming Change in Social Media by Social Media Today
The Coming Change in Social Media by Social Media TodayElizabeth Lupfer
 
Flathau unit1 slidshow
Flathau unit1 slidshowFlathau unit1 slidshow
Flathau unit1 slidshowbrentflathau
 
Maybe your customers are just not that into you... Part 1
Maybe your customers are just not that into you... Part 1Maybe your customers are just not that into you... Part 1
Maybe your customers are just not that into you... Part 1dramaiya
 
From social media to social crm teil 2
From social media to social crm teil 2From social media to social crm teil 2
From social media to social crm teil 2Hans-Joerg-Stricker
 
Enterprise Customer Relationship Management
Enterprise Customer Relationship ManagementEnterprise Customer Relationship Management
Enterprise Customer Relationship ManagementConvergeEnterprise
 
The State of Social Media Marketing 2010: Hype or Real Business Impact?
The State of Social Media Marketing 2010: Hype or Real Business Impact?The State of Social Media Marketing 2010: Hype or Real Business Impact?
The State of Social Media Marketing 2010: Hype or Real Business Impact?MarketingProfs
 
State of Social Media Marketing 2010: Hype or Real Business Impact?
State of Social Media Marketing 2010:  Hype or Real Business Impact?State of Social Media Marketing 2010:  Hype or Real Business Impact?
State of Social Media Marketing 2010: Hype or Real Business Impact?MarketingProfs
 
Taking Social Media From Talk To Action
Taking Social Media From Talk To ActionTaking Social Media From Talk To Action
Taking Social Media From Talk To ActionAppLeap Inc.
 
Social Media Marketing Report 2016
Social Media Marketing Report 2016Social Media Marketing Report 2016
Social Media Marketing Report 2016Paul Ramirez
 
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...Clive Maclean
 
Social listening, Microsoft
Social listening, MicrosoftSocial listening, Microsoft
Social listening, MicrosoftStuart Pringle
 
SMAC - The paradigm shift : Creating future of the Enterprise
SMAC - The paradigm shift : Creating future of the EnterpriseSMAC - The paradigm shift : Creating future of the Enterprise
SMAC - The paradigm shift : Creating future of the EnterpriseNikhil Kulkarni
 
Incite social media-facts and figures worth sharing(110525)
Incite social media-facts and figures worth sharing(110525)Incite social media-facts and figures worth sharing(110525)
Incite social media-facts and figures worth sharing(110525)June Kim
 
Social Media Briefing- FINAL
Social Media Briefing- FINALSocial Media Briefing- FINAL
Social Media Briefing- FINALAlexis Green
 
The State of Corporate Social Media Report 2013
The State of Corporate Social Media Report 2013The State of Corporate Social Media Report 2013
The State of Corporate Social Media Report 2013Useful Social Media
 

Ähnlich wie Smt whitepaper biz (20)

The Coming Change in Social Media Business Applications
The Coming Change in Social Media Business ApplicationsThe Coming Change in Social Media Business Applications
The Coming Change in Social Media Business Applications
 
Social Media Business Applications
Social Media Business ApplicationsSocial Media Business Applications
Social Media Business Applications
 
The Coming Change in Social Media Business Applications
The Coming Change in Social Media Business ApplicationsThe Coming Change in Social Media Business Applications
The Coming Change in Social Media Business Applications
 
The Coming Change in Social Media Applications
The Coming Change in Social Media ApplicationsThe Coming Change in Social Media Applications
The Coming Change in Social Media Applications
 
The Coming Change in Social Media by Social Media Today
The Coming Change in Social Media by Social Media TodayThe Coming Change in Social Media by Social Media Today
The Coming Change in Social Media by Social Media Today
 
Flathau unit1 slidshow
Flathau unit1 slidshowFlathau unit1 slidshow
Flathau unit1 slidshow
 
Maybe your customers are just not that into you... Part 1
Maybe your customers are just not that into you... Part 1Maybe your customers are just not that into you... Part 1
Maybe your customers are just not that into you... Part 1
 
From social media to social crm teil 2
From social media to social crm teil 2From social media to social crm teil 2
From social media to social crm teil 2
 
Enterprise Customer Relationship Management
Enterprise Customer Relationship ManagementEnterprise Customer Relationship Management
Enterprise Customer Relationship Management
 
The State of Social Media Marketing 2010: Hype or Real Business Impact?
The State of Social Media Marketing 2010: Hype or Real Business Impact?The State of Social Media Marketing 2010: Hype or Real Business Impact?
The State of Social Media Marketing 2010: Hype or Real Business Impact?
 
State of Social Media Marketing 2010: Hype or Real Business Impact?
State of Social Media Marketing 2010:  Hype or Real Business Impact?State of Social Media Marketing 2010:  Hype or Real Business Impact?
State of Social Media Marketing 2010: Hype or Real Business Impact?
 
Taking Social Media From Talk To Action
Taking Social Media From Talk To ActionTaking Social Media From Talk To Action
Taking Social Media From Talk To Action
 
Bank Whitepaper
Bank WhitepaperBank Whitepaper
Bank Whitepaper
 
Social Media Marketing Report 2016
Social Media Marketing Report 2016Social Media Marketing Report 2016
Social Media Marketing Report 2016
 
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...
Rx For Agencies Suffereing From Digital, Direct, PR, And Social Media Confusi...
 
Social listening, Microsoft
Social listening, MicrosoftSocial listening, Microsoft
Social listening, Microsoft
 
SMAC - The paradigm shift : Creating future of the Enterprise
SMAC - The paradigm shift : Creating future of the EnterpriseSMAC - The paradigm shift : Creating future of the Enterprise
SMAC - The paradigm shift : Creating future of the Enterprise
 
Incite social media-facts and figures worth sharing(110525)
Incite social media-facts and figures worth sharing(110525)Incite social media-facts and figures worth sharing(110525)
Incite social media-facts and figures worth sharing(110525)
 
Social Media Briefing- FINAL
Social Media Briefing- FINALSocial Media Briefing- FINAL
Social Media Briefing- FINAL
 
The State of Corporate Social Media Report 2013
The State of Corporate Social Media Report 2013The State of Corporate Social Media Report 2013
The State of Corporate Social Media Report 2013
 

Mehr von Sumit Roy

Mallcom Private Label Brochure
Mallcom Private Label BrochureMallcom Private Label Brochure
Mallcom Private Label BrochureSumit Roy
 
Catching up with shivakeshavan cii mumbai : Our
Catching up with shivakeshavan cii mumbai : Our Catching up with shivakeshavan cii mumbai : Our
Catching up with shivakeshavan cii mumbai : Our Sumit Roy
 
research report on online food ordering market in India
research report on online food ordering market in Indiaresearch report on online food ordering market in India
research report on online food ordering market in IndiaSumit Roy
 
how iOT is set to herald the Renaissance of 2nd industrial revolution
how iOT is set to herald the Renaissance of 2nd industrial revolution how iOT is set to herald the Renaissance of 2nd industrial revolution
how iOT is set to herald the Renaissance of 2nd industrial revolution Sumit Roy
 
patents received by the top 5 technology companies
patents received by the top 5 technology companies patents received by the top 5 technology companies
patents received by the top 5 technology companies Sumit Roy
 
programmatic Buying in Mobile Advertising
 programmatic Buying in Mobile Advertising  programmatic Buying in Mobile Advertising
programmatic Buying in Mobile Advertising Sumit Roy
 
State of mobile mobile developers:ecosystem and marketing mix
State of mobile mobile developers:ecosystem and marketing mixState of mobile mobile developers:ecosystem and marketing mix
State of mobile mobile developers:ecosystem and marketing mixSumit Roy
 
top 5 indicators on pharma brands and marketing spends
top 5 indicators on pharma brands and marketing spendstop 5 indicators on pharma brands and marketing spends
top 5 indicators on pharma brands and marketing spendsSumit Roy
 
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...Sumit Roy
 
worldwide media upsurge in spends by format :
worldwide media upsurge in  spends by format : worldwide media upsurge in  spends by format :
worldwide media upsurge in spends by format : Sumit Roy
 
global Venture funding and start up data : top 10 charts
global Venture funding and start up data : top 10 chartsglobal Venture funding and start up data : top 10 charts
global Venture funding and start up data : top 10 chartsSumit Roy
 
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)Sumit Roy
 
Mena nations mobile app downloads and cost per installs
Mena nations mobile app downloads and cost per installsMena nations mobile app downloads and cost per installs
Mena nations mobile app downloads and cost per installsSumit Roy
 
State of mobile app downloads and cost per installs in Latin America
State of mobile app downloads and cost per installs in Latin AmericaState of mobile app downloads and cost per installs in Latin America
State of mobile app downloads and cost per installs in Latin AmericaSumit Roy
 
state mobile app downloads in asia pacific
state mobile app downloads  in asia pacificstate mobile app downloads  in asia pacific
state mobile app downloads in asia pacificSumit Roy
 
top 100 start up companies with valuations of 1$ billion and above
top 100 start up companies with valuations of 1$ billion and abovetop 100 start up companies with valuations of 1$ billion and above
top 100 start up companies with valuations of 1$ billion and aboveSumit Roy
 
global biggest start up companies with valuations of 1$ billion and above
global biggest start up companies with valuations of 1$ billion and aboveglobal biggest start up companies with valuations of 1$ billion and above
global biggest start up companies with valuations of 1$ billion and aboveSumit Roy
 
The hottest consumer products this year
The hottest consumer products this yearThe hottest consumer products this year
The hottest consumer products this yearSumit Roy
 
top 10 most powerful brands in Indonesia
top 10 most powerful brands in Indonesiatop 10 most powerful brands in Indonesia
top 10 most powerful brands in IndonesiaSumit Roy
 
The state of global Mobile market in 2015
The state of global Mobile market in 2015The state of global Mobile market in 2015
The state of global Mobile market in 2015Sumit Roy
 

Mehr von Sumit Roy (20)

Mallcom Private Label Brochure
Mallcom Private Label BrochureMallcom Private Label Brochure
Mallcom Private Label Brochure
 
Catching up with shivakeshavan cii mumbai : Our
Catching up with shivakeshavan cii mumbai : Our Catching up with shivakeshavan cii mumbai : Our
Catching up with shivakeshavan cii mumbai : Our
 
research report on online food ordering market in India
research report on online food ordering market in Indiaresearch report on online food ordering market in India
research report on online food ordering market in India
 
how iOT is set to herald the Renaissance of 2nd industrial revolution
how iOT is set to herald the Renaissance of 2nd industrial revolution how iOT is set to herald the Renaissance of 2nd industrial revolution
how iOT is set to herald the Renaissance of 2nd industrial revolution
 
patents received by the top 5 technology companies
patents received by the top 5 technology companies patents received by the top 5 technology companies
patents received by the top 5 technology companies
 
programmatic Buying in Mobile Advertising
 programmatic Buying in Mobile Advertising  programmatic Buying in Mobile Advertising
programmatic Buying in Mobile Advertising
 
State of mobile mobile developers:ecosystem and marketing mix
State of mobile mobile developers:ecosystem and marketing mixState of mobile mobile developers:ecosystem and marketing mix
State of mobile mobile developers:ecosystem and marketing mix
 
top 5 indicators on pharma brands and marketing spends
top 5 indicators on pharma brands and marketing spendstop 5 indicators on pharma brands and marketing spends
top 5 indicators on pharma brands and marketing spends
 
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...
2016 BrandZ™ Top 100 Most Valuable Global Brands increased 3 percent, to $3.4...
 
worldwide media upsurge in spends by format :
worldwide media upsurge in  spends by format : worldwide media upsurge in  spends by format :
worldwide media upsurge in spends by format :
 
global Venture funding and start up data : top 10 charts
global Venture funding and start up data : top 10 chartsglobal Venture funding and start up data : top 10 charts
global Venture funding and start up data : top 10 charts
 
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)
US SOLOMO ( SOCIAL LOCAL MOBILE SPENDS 2016 ONWARDS)
 
Mena nations mobile app downloads and cost per installs
Mena nations mobile app downloads and cost per installsMena nations mobile app downloads and cost per installs
Mena nations mobile app downloads and cost per installs
 
State of mobile app downloads and cost per installs in Latin America
State of mobile app downloads and cost per installs in Latin AmericaState of mobile app downloads and cost per installs in Latin America
State of mobile app downloads and cost per installs in Latin America
 
state mobile app downloads in asia pacific
state mobile app downloads  in asia pacificstate mobile app downloads  in asia pacific
state mobile app downloads in asia pacific
 
top 100 start up companies with valuations of 1$ billion and above
top 100 start up companies with valuations of 1$ billion and abovetop 100 start up companies with valuations of 1$ billion and above
top 100 start up companies with valuations of 1$ billion and above
 
global biggest start up companies with valuations of 1$ billion and above
global biggest start up companies with valuations of 1$ billion and aboveglobal biggest start up companies with valuations of 1$ billion and above
global biggest start up companies with valuations of 1$ billion and above
 
The hottest consumer products this year
The hottest consumer products this yearThe hottest consumer products this year
The hottest consumer products this year
 
top 10 most powerful brands in Indonesia
top 10 most powerful brands in Indonesiatop 10 most powerful brands in Indonesia
top 10 most powerful brands in Indonesia
 
The state of global Mobile market in 2015
The state of global Mobile market in 2015The state of global Mobile market in 2015
The state of global Mobile market in 2015
 

Smt whitepaper biz

  • 1. 1 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Whitepaper Survey The Coming Change in Social Media Business Applications Separating the Biz from the Buzz by Josh Gordon
  • 2. 2 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Introduction Four factors are driving this trend. First, due to the rapid rise in the popularity of social media, the number of potential customers engaged on social media sites was previously underestimated by many organizations. Second, in the current economic downturn, where there are fewer customers in general, finding them and engaging them are much higher priorities. Third, there is now a “Main Street” acceptance of social media as a powerful persuasive tool. Regardless of political affiliation, managers everywhere recently noticed that the largest and most successful social media campaign in history helped elect Barack Obama President of the United States. Finally, there has been a breakdown in traditional lead-generation programs. With more customer contact moving online, it is easier than ever for a client to ignore messages from potential suppli- ers. Social media can help break the ice. Why this study? Social media is getting a lot of media coverage, but all the attention does not necessarily make it easier to understand which functions are actually useful in business. This study was designed to provide managers with guidance in that area by measuring which social media tools are being used right now, and by whom. A look at what other businesses are doing can offer perspective, as well as a bench- mark for managers to compare their own organiza- tions’ progress and opportunities. In order for a benchmark to be useful, it must be specific and detailed. To that end, I have divided this survey into three parts. Part I is an overview of both current and future intended business use of social media. Part II focuses on the business use of Twitter, and Part III examines the business use of social networks like Facebook and LinkedIn, with a separate focus on the four general business functions that social media serves: sales, market- ing, public relations, and internal communications. Part I: Overview Marketing and PR are currently the lead- ing business uses of social media; sales and collaborative work lag behind. Social media is being used in business most often as a marketing and public relations tool, while uses in sales support and collaborative work lag behind. Almost three quarters of respondents said their organizations use social media for branding, and two thirds use it for public relations. Only 38% are using it to support collaborative work, and only about one in four use it to support sales efforts. A shift is coming in how organizations use social media Introduction Table of Contents Introduction................ 2 Part I.......................... 3 Part II......................... 5 Part III........................ 7 In Conclusion............. 11 Companies have been using social media primarily as a general communications tool—mostly for public relations and marketing. That’s about to change, as businesses discover its value as an essential tool for customer engagement— providing lead generation, immediate customer contact, and customer interaction. Methodology: Social Media Today is an online social community focused on issues in the social media world. This survey was conducted of its members and visitors who are actively involved profes- sionally in social media. The results shown here are based on a sample of 632 survey respondents, col- lected between March 13, 2009, and April 4, 2009. RETWEET THIS Whitepaper Click here to post on Twitter
  • 3. 3 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Part I: Overview Looking to the future, “lead generation” is the top business function for which or- ganizations most want to use social media. Organizations have shifted priority. With the economic downturn, “lead generation” has moved to the top spot as the business function organiza- tions are “most considering” for the future. The two currently most frequently used functions, branding and public relations, follow behind. This is a highly significant shift, and is reinforced by other findings in this survey. When competing for customers, smaller organizations use social media more frequently The smaller the company, the more frequently social media is used to improve external communications. As we compare social media usage at smaller com- panies with 1 to 10 employees to organizations with over 1,000, there is a steady decrease in the percent- age of usage. Companies with 10 or fewer employ- ees are about 30% more likely to use social media for public relations, branding, and understanding customers than companies with over 1,000 employ- ees, and twice as likely to use it for lead generation. Where larger organizations have more resources to touch their customers, such as corporate ad- vertising, social media may not be as big a priority. However, with less money for outreach programs, smaller companies can make big inroads by focusing more on social media. Larger organizations use social media more frequently for internal communications. Organizations with over 1,000 employees are twice as likely to use social media for internal communi- cations as companies with 1 to 10 employees, and roughly 18% more likely to use social media for collaborative work. Larger organizations have more complex and geographically dispersed communica- tions challenges. In addition, they often have more sophisticated IT support. They need the communi- cations services more, and they have the technical support to take advantage of them. “The smaller the company, the more frequently social media is used to improve external communications.” Public relations Branding Lead generation Sales support Understanding customers 70.6% 76.5% 66.1% 27.1% 63.8% 69.6% 73.0% 58.3% 25.2% 57.4% 59.1% 67.7% 45.2% 29.0% 55.9% 51.9% 59.3% 29.6% 17.3% 49.4% One to 10 employees 11–100 employees 101–1,000 employees Over 1,000 employees On the same list as above, pick the one business function for which your organization is most consider- ing using social media. Lead generation 25.4% Branding 17.3% Public relations 16.8% Internal communication 1.8% Sales support 6.3% Collaborative work 7.9% Information sharing 11.2% Understanding customers 13.3% At your organization, which of the following business functions do you use social media to improve? Branding Information sharing Public relations Understanding customers Lead generation Collaborative work Internal communication Sales support 0 20 40 60 80 100 25.8% 32.1% 38.4% 54.9% 56.6% 65.8% 70.5% 71.8% 0 20 40 60 80 100
  • 4. 4 The Coming Change in Social Media Business Applications: separating the biz from the buzz Part I: Overview Social Media Today // .Biz More organizations encourage the use of social media than discourage it. It was not long ago that many organizations discouraged employees from visiting social media sites, with many of them blocking access to sites outright. But today, 41.2% of businesses have employees whose job function includes spending time on social media sites, while only 9% report blocking internal access for employees. Whereas 41.9% of organizations report that they have no corporate policy of any kind regarding social media, 21.8% report having a formal policy for employees who want to blog. Finally, about one in four organizations sponsors a group on a social network for personal announce- ments and social events. LinkedIn, Facebook, Twitter, and blogging lead social media services and activities for business Four services dominate the use of social media networks and tools: LinkedIn (79.3% of respon- dents now using), Facebook (77.2% now using), Twitter (75.3% now using). Use of blogs follows closely behind, with 68% of businesses currently using them. Only 17.2% of organizations use MySpace for business. As organizations look to the future, the social media form they are “most considering” using is blogs. While Twitter and Facebook get the headlines, the social media form organizations are turning to most as they look to the future is blogging. Some con- sider blogging “old” social media, but it has proven itself an effective communication tool. The ability to reach a mass audience with a personal point of view and invite comments is very powerful.Which of the following is true at your organization? 41.2% 9.0% 21.8% 41.9% 25.6% We require some employees to spend time on social networks to maintain our company presence. We block access to social networks for some employees. We have a formal policy for employees who blog or want to blog. We have no corporate policy regarding social media of any kind. We have a group on a social network for personal announcements and social events. 0 20 40 60 80 Which of the following networks or tools is your organization currently using? 17.2% 17.6% 27.0% 30.7% 30.7% 38.5% 49.1% 68.0% 75.3% 77.2% 79.3%LinkedIn Facebook Twitter Blogs YouTube Online communities of interest Forums Groups Wikis Ning MySpace Ratings/Reviews Other, please specify Xing 11.5% 11.5% 7.6% On the same list as above, which one social media network or tool is your organization most considering using social media for in the future? Blogs Twitter Online communities of interest Facebook LinkedIn YouTube Wikis Forums Ratings/Reviews Groups Ning Xing MySpace 0 10 20 13.8% 14.7% 17.5% 18.1% 13.8% 9.7% 5.4% 4.1% 3.6% 2.6% 2.1% 0.7% 0.5% “Some consider blogging ‘old’ social media, but it has proven itself an effective com- munication tool. The ability to reach a mass audience with a personal point of view and invite comments is very powerful.” Internal communication Collaborative work 23.1% 38.9% 34.8% 33.0% 34.4% 38.7% 50.6% 45.7% One to 10 employees 11–100 employees 101–1,000 employees Over 1,000 employees
  • 5. 5 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Part II: Business Applications for Twitter Part II: Business Applications for Twitter External use of Twitter could shift sharply toward an emphasis on customer involvement. For external communications, the business use of Twitter shows the same shift as seen in Part I on the general findings for all social media forms. That shift is away from general communications, toward a focus on connecting with the organization’s customers. Right now, the most commonly used external Twitter function is “Sharing breaking news,” followed by “Extending a personal face to customers.” But as organizations look to the future, they are shifting their expectations. Looking ahead, their top pick is “Keeping in immediate touch with customers,” followed by “Extending a personal face to customers,” then followed by “Sharing breaking news.” The future use of Twitter could shift toward greater involvement in customer contact (see following fig.). Internal use of Twitter focuses on information sharing. Fewer organizations are using Twitter for internal communications. The top two measured options are about 20% lower than the top two external uses of Twitter. The internal focus is on sharing information, knowledge, and resources, as well as networking. Looking to the future, the internal uses of Twitter that organizations plan to use are almost identical to those of the present (see fig. on next page). Please check all of the external functions offered by Twitter that your organization now uses. 15.3% 20.0% 48.6% 55.1% 63.7% 71.9%Sharing breaking news Extending a personal face to customers Keeping in immediate touch with customers Getting feedback from customers Offering products for sale Organizing meetings Keeping top management in touch with the financial community 0 20 40 60 80 5.8% On the same list as above, check off the one external function your organization is most considering using in the future. Keeping in immediate touch with customers 27.3% Extending a personal face to customers 20.8% Sharing breaking news 18.1% Getting feedback from customers 15.5% Offering products for sale 10.0% Organizing meetings 6.9% Keeping top management in touch with the financial community 1.4% Please check all of the internal functions offered by Twitter that your organization now uses. 9.8% 19.1% 30.2% 32.8% 34.4% 34.4% 46.0% 51.2% 56.8%Sharing information Professional networking Sharing knowledge and experience Leveraging the experience of others Keeping up on professional developments Asking for instant expertise Keeping a team in immediate contact Coordinating events or meetings Coordinating emergency responses 0 20 40 60 80
  • 6. 6 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Put this information to work: I initially signed on to Twitter because I once had to sell a high-level Silicon Valley executive who could not be reached any other way. After count- less failed attempts to contact him through more traditional channels, his assistant told me, “Josh, forget the phone, he never answers it. And he won’t answer e-mail either, because he thinks it’s ancient technology that wastes time. He thinks of himself as a member of the digital elite and says that the only people who count are all on Twit- ter.” I quickly signed on to Twitter and got right through to him. Twitter delivers the ability to communicate mini- mally but immediately. As a customer contact tool, where speed counts, it has great potential. But, that potential is only realized if your custom- ers are on Twitter. As of now, Twitter’s market penetration is still uneven. In many B2B markets, Twitter is not effective as a customer contact tool. According to a just- released study from ES Research Group, “The New Social Media: Do They Enable B2B Selling?,” only 4% of sales respondents said that Twitter had ever directly helped them win a B2B sale. However, there are also many markets where Twitter is extremely influential. You can estimate how many of your clients might be using Twitter from a finding in a recent study by the Pew Internet & American Life Project. This study found Twitter users to be highly involved with other social media. According to Amanda Lenhart, senior research specialist at Pew, “Both blogging and social network use increase the likelihood that an individual also uses Twitter.” The study found that 23% of social network us- ers used Twitter or a similar service, while only 4% who do not use social networks have ever Tweeted. Chances are, if your customer base is engaged in social media, many will be reachable by Twitter. Survey respondents also wrote in “other” uses of Twitter, including: “mindsharing” with industry peers; providing thought leadership; educating others; recruiting talent; providing tech support; notifying constituents of upcoming events; moni- toring for issues regarding products or reputation; keeping in touch with bloggers; extending com- munities of interest; and customer service. To read examples of how Twitter is being used to connect with customers, click on the following links: Salesforce.com and Bank of America. Twitter is also a great way to connect with media outlets. For a long list of media outlets that you can connect to via Twitter, click here. On the same list as above, check off the one internal function your organization is most considering using in the future. Sharing information 22.3% Coordinating events or meetings 6.9% Coordinating emergency responses 4.1% Professional networking 17.3% Sharing knowledge and experience 13.2% Keeping up on professional developments 5.8% Leveraging the experience of others 7.6% Asking for instant expertise 9.9% Keeping a team in immediate contact 12.9% “As organizations look to the future, the same trend emerges as seen in the general social media and Twitter responses: a shift toward more customer communications and, in particular, toward prospecting.” Part II: Business Applications for Twitter
  • 7. 7 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Part III: Business Applications of Social Networks There are four general functions that social networks are used for: sales, marketing, public relations, and internal communications. Each are measured separately. Here are the findings: 1. Sales use of social networks Top uses of social networks for sales are to maintain and build relationships. The most common use of social media networks, such as Facebook or LinkedIn, is “Maintaining social contact with clients” (67.6%). After that, about half of businesses surveyed use social media to achieve a “Better understanding of client attitudes” (50.6%). Sales use of social media networks could shift sharply toward an emphasis on customer prospecting. As organizations look to the future, the same trend emerges as seen in the general social media and Twitter responses: a shift toward more customer communications and, in particular, toward pros- pecting. The two sales prospecting options rise dramatically to become the top goals for social network usage. “Sales prospecting by target- ing ‘self-identified’ new customers” moves up to the top choice, from No. 5 currently, and “Sales prospecting by social networking” moves up as well, from third place to second. Moving forward, it seems clear that social networks will be a top lead generation tool. Put this information to work: According to Brian Solis, principal at FutureWorks, “Human interaction is still human interaction, and what it takes to be successful with it has not changed. What has changed is the places where it happens.” Says Solis: “Social media tools help you find conversations that can give you insight into what individuals in your market are saying about your product. This can give you an opportunity to engage people on their terms, not as a salesperson, but as a resource, and then get the sale because of it.” I use social networks to find out who my clients really are. We all vary our modes of conversation when we speak to different types of people: an intimidating boss, a pesky child, a policeman giving a speeding ticket, or…a salesperson. Often, when I “see” two of my clients “talking” to each other on a social network, their conversation with each other is very different from my conversations On the same list as above, pick the one sales function your organization is most considering using in the future. Sales prospecting by social networking 18.0% Better understanding of client attitudes 11.6% Sales prospecting by targeting “self-identified” new customers 21.0% Maintaining social contact with clients 17.8% Sponsoring closed groups for select customers (dealers, larger buyers, etc.) 8.2% Information gathering in preparation for sales calls 7.7% Selling products 10.1% Understanding the client’s company organization 5.6% Please check all the ways your organization uses social networks—including Facebook, LinkedIn, and MySpace—for sales. 19.3% 36.6% 38.7% 40.8% 47.7% 50.6% 67.6% Maintaining social contact with clients Better understanding of client attitudes Sales prospecting by social networking Information gathering in preparation for sales calls Sales prospecting by targeting “self-identified” new customers Understanding the client’s company organization Selling products Sponsoring closed groups for select customers (dealers, larger buyers, etc.) 0 20 40 60 80 9.7% “Marketing is part of the shift toward using social media as a way to connect and acquire customers.” Part III: Business Applications of Social Networks
  • 8. 8 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz with either of them, as someone trying to sell them. But when I see clients “talking” to their peers, I learn what is truly important to them, and it is rarely about me or my product. I look for what they are passionate enough to write about, how they react to each other, what they are afraid of, and who their heroes and villains are. Understanding a person’s values and passions is a first step to un- derstanding them, and a prerequisite to any sale. Shel Holtz, principal of Holtz Communication + Tech- nology, warns about being too “salesy” when you engage potential clients in a social media environ- ment: “I see it as a place to build relationships, but it’s not for direct selling. That’s not what people want to receive on Facebook. People are there to socialize, and if you can offer value though conversation, you can build relationships with those customers. If you pitch them, they will ignore you, or worse. Dan McCarthy, chairman and CEO of Network Com- munications Inc., shares that he becomes better at reaching out to new clients as they get to know him though his personal profile and postings on social media sites. Years ago, McCarthy realized that the people with whom he had the best business relation- ships were also those who knew the most about his personal side. Says McCarthy, “If you connect the way you live to the way you make a living, you create an incredible degree of authenticity, which is what today’s digital generation is looking for in the people they work with. My professional identity and my personal identity are very connected.” Survey respondents also wrote in “other” uses of social media for sales, including: project oppor- tunity identification; posting discount codes on Facebook and Twitter; promoting educational col- lateral and events; listing salespeople in LinkedIn profiles; and highlighting case studies. 2. Marketing use of social networks Top uses for marketing functions are promoting organic messages and monitoring customer trends. About half of the organizations surveyed actively promote themselves through organic messaging (56%), monitor trends among their customers (53.1%), and provide ways for customers to inter- act with their company (51.5%). About a third use social networks to research new product ideas (34.1%), while about one in four advertises on social networks (26.7%). Top marketing use of social networks shifts toward providing ways to interact with customers. Looking ahead, we see the same trend repeated as organizations refocus their social media toward customer-focused programs. The top choice moving forward is “We provide ways for customers to interact with our company,” which is only the third most-used marketing function at present. Marketing is part of the shift toward using social media as a way to connect and acquire customers. “Understanding a person’s values and passions is a first step to understanding them, and a prerequisite to any sale.” Please check all of the marketing functions offered by social networks—like Facebook, LinkedIn, and MySpace—that your organization now uses. 18.8% 19.2% 26.7% 30.1% 34.1% 51.5% 53.1% 56.0% We actively promote ourselves through organic messaging We monitor trends among our customers We provide ways for customers to interact with our company We research new product ideas We started a user group (or groups) for customers We advertise on social networks We sponsor interactive content online We use online focus groups 0 20 40 60 80 Part III: Business Applications of Social Networks
  • 9. 9 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Put this information to work: According to Dan Schawbel, social media special- ist at EMC Corporation, and author of the book, Me 2.0: “Social media tools are popular marketing tools because they are free, people are already using them, and there’s an opportunity cost for not getting involved today. Depending on your line of business, certain social networks will work better for you than others. It’s all about aligning business strategy to the use of each tool. Otherwise, you’re wasting time and not reaching the right audience with the right message on the right network.” Brian Solis indicates that there could be more going on in social networks than you realize. He poses the question, “If a conversation takes place online and you’re not there to hear or see it, did it actu- ally happen?” In fact, there might even be dangers in not participating. Says Solis, “Conversations are taking place, with or without you. If you’re not part of the conversation, then you’re leaving it to oth- ers to answer questions and provide information, whether it’s accurate or incorrect. Or, even worse, you may be leaving it up to your competition to jump in to become the resource for the community.” Monitoring and reacting to customer behavior is key. Ari Herzog, principal of Ari Herzog and Associates, learned that firsthand when a new pizza restaurant opened in his town. Herzog tried it, liked it, and wrote a positive review of it on the social media review site, Yelp. A few months later, when he re- visited the restaurant with his mother and sister, he was surprised when a waiter came by with a free order of chips and salsa as a thank you for the review. What kind of impression did that make? Herzog shared the story with me when I inter- viewed him, and now you are among thousands reading about it here. Now that’s good marketing! Herzog’s enthusiasm is typical of what social media can do for any brand. Says Dan McCarthy: “The Holy Grail for a marketer is positive word of mouth. If you can capture this, it is the highest means of converting prospects to sales, and at the least expense. Social media is a way to super- charge word of mouth.” Survey respondents also wrote in “other” uses of social media for marketing, including: showcas- ing case studies, running a professional group on LinkedIn, and communicating with media outlets. Link to an extensive list of social media marketing examples on Peter Kim’s blog, “Being Peter Kim.” 3. Public relations use of social networks Social networks serve a variety of public relations functions. The four most common public relations functions using social media are: maintaining a company pro- file page (66.6%); using social networks to distrib­ute press releases and news items (59.3%); monitor­ing and responding to mentions of the company and its products (58%); and interacting with bloggers and members of the traditional press (54.6%). On the same list as above, pick the one marketing function your organization is most considering using in the future. We actively promote ourselves through organic messaging 19.1% We started a user group (or groups) for customers 11.4% We provide ways for customers to interact with our company 20.8% We monitor trends among our customers 13.0% We sponsor interactive content online 10.6% We use online focus groups 7.5% We advertise on social networks 10.6% We research new product ideas 6.9% Part III: Business Applications of Social Networks
  • 10. 10 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Looking to the future, organizations plan no changes in how they use social networks to sup- port their public relations efforts, with future uses being identical in sequence and proportion to current use. Put this information to work: Public relations professionals would do well to monitor social networks for activity about their organization and products. Shel Holtz, calls this essential: “If you are monitoring, you can be part of the conversation. Social media is becoming the communication channel for breaking news. Remember that the first reports of the US Airways flight that water-landed in the Hudson River were first reported on Twitter by someone with a cell phone on a nearby ferry. If your company gets in the news, you may find out about it first by moni- toring social networks.” The other PR function unique to social media is the ability to post a company profile page. Some companies take this free service more seriously than others. Annie Ta, from Facebook’s corporate communications team, says: “We encourage businesses to really engage with consumers on their profiles. For example, businesses should update their status, post videos and photos, and start discussion threads with their consumers. Public profiles provide a way for businesses to talk to consumers and understand them. Some of the most successful public profiles are those that cre- ate a genuine dialogue with their fans.” Link to two great examples of company profile pages: Dell and Visa. Survey respondents also wrote in “other” uses of social media for public relations, including: updat- ing fans and customers on company news; pro- moting company events; registration for events; maintaining an alumni group for past employees; and promoting a fundraising program. 4. Use of social networks for internal communications Organizations can save expense by using existing social networks to create work groups where documents, schedules, and communication are shared collaboratively, from anywhere on earth. While there are security concerns with posting potentially sensitive internal communications on a third party’s network, the irresistible “free” cost for simple groups is motivation for many. Currently, the top uses of these services are “Sharing documents” and “Maintaining commu- nication with teams.” Please check all the internal workflow functions offered by social networks—like Facebook, LinkedIn, and MySpace—that your organization now uses. 24.8% 27.0% 29.6% 34.5% 42.1% 42.1% 0 20 40 60 Sharing documents Maintaining communications with teams Creating “intranet-like” internal communications Coordinating internal schedules and events Creating “intranet-like” communication for work collaboration Creating internal work groups Please check all the public relations functions offered by social networks—like Facebook, LinkedIn, and MySpace—that your organization now uses. 19.6% 54.6% 58.0% 59.2% 66.6% We maintain a company profile page We use social networks to distribute press releases and news items We monitor and respond to mentions of our company or products We interact with bloggers, as well as with members of the traditional press We sponsor group(s) to answer customer questions We have a formal blogger relations program Other, please specify 0 20 40 60 80 15.4% 8.0% Part III: Business Applications of Social Networks “Some of the most successful public profiles are those that create a genuine dialogue with their fans.”
  • 11. 11 The Coming Change in Social Media Business Applications: separating the biz from the buzz Social Media Today // .Biz Looking ahead, the use of social networks to help internal workflow will remain similar to usage today with one difference: Fewer organizations will use social networks for file sharing. Among current uses, “file sharing” is tied with “maintaining com- munication with teams” for the top use. For the future, it drops to fourth place, near the bottom. Put this information to work: The results speak for themselves here, and since not much is changing, there is little to add. Survey respondents also wrote in “other” uses of social media for internal workflow, including: train- ing, building bonds with remote teams, and general social use with no professional communications. In Conclusion This study is the first to document the coming shift in the use of social media—from a helpful tool for a variety of communication needs, to an essential tool for customer engagement. As organizations invest in social media programs, incorporating this shift into the plans should be considered a high priority. Skeptics might say that a more customer-centric approach is natural in a recession when busi- ness is scarce. But a recession is not just a time of slow sales. More significantly, it is also a time when the pace of change accelerates, and the competitive landscape of industries is reshaped. A research study done by Bain & Co. in the after- math of the 2001 recession discovered that com- petitive change during the recession occurred at about twice the normal rate. In addition, compa- nies that changed competitive positions against one another during the recession remained in their new rankings long after it had passed. In 1929, rival cereal makers Kellogg’s and Post were in a close race to win the emerging cold breakfast cereal market. Through the Great De- pression that followed, Kellogg’s maintained an aggressive marketing posture, while Post slashed its ad budgets. When the slow time ended, Kel- logg’s had a market advantage over its rival that it maintains to this day—almost 70 years later. (More on that story here) It would be a mistake to assume that this shift toward customer-centric usage of social media is temporary. In fact, the shift toward customer engagement, and away from general communica- tions, shows a more important role for social me- dia use at organizations. As Peter Drucker, known as the father of modern management, said, “The purpose of a business is to create a customer.” On the same list as above, pick the one internal workflow function your organization is considering using in the future. Maintaining communication with teams 20.0% Creating “intranet-like” communication for work collaboration 16.3% Sharing documents 11.6% Creating internal work groups 8.4% Coordinating internal schedules and events 9.3% Creating “intranet-like” internal communications 13.4% IN CONCLUSION About the author: Josh Gordon is president of Selling 2.0, where he works to improve the performance of organizations and sales teams with research-based training and consulting services. An internationally recognized expert on selling, he has written four books on the subject. For more information, visit www.Selling2.com. RETWEET THIS Whitepaper Click here to post on Twitter