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Human capital week

How to develop a social media strategy


                              July 26, 2012
Has your organization worked
 with social media initiatives
    within the last year?




                   Source: socialsemantic.eu
Central coordination and
       targeted planning


      Sporadic initiatives
    and no clear planning


           We are testing


A couple of employees are
    testing without a clear
                  deadline


                     Other




                              Source: socialsemantic.eu
The Result
Time to get serious!
Social Media is a
 Perfect Storm
Core business




Organization      Communication
Core business
Digitization


User Creation
Non-professionals
                           create products


            North West:                          North East:
          Mass-                                The Eye of the
      customization                            Perfect Storm



Physical                                                        Digital
economy                                                        Economy



            South West:                          South East:
           Traditional                   Digital Professional
            economy                            services



                          Only professionals
                           create products
An example:



   The Travel Business
There once was a
 travel agency:
• Purchase of flight tickets,
      hotel bookings etc.

=   • Customization of trip

    • Find the cheapest trip

    • Trip advice
Non-professionals
                          create products




           Customization of                   Trip advice
           trip



Physical                                              Digital
economy                                              Economy




           Purchase of flight
                                              Price comparison
           tickets, hotel
                                              (Find the cheapest
           bookings etc.
                                              trip)

                         Only professionals
                          create products
The perfect storm as a
conveyor belt of innovation
          ideas
Non-professionals
                               create products

  •   Is there a potential for user                •   Is there a potential for user
      creation?                                        creation?
  •   Can you create the                           •   Is there sufficient motivation
      production and supply chain                      to sustain long term user
      flexibility which is required                    creation?
      for mass customization?



Physical                                                              Digital
economy                                                              Economy



                                                   •   Is the business becoming
                                                       digital?
  Traditional business                             •   Are there relevant devices?
          area                                     •   Are people comfortable with
                                                       going digital?
                                                   •   Is the market free or
                                                       monopolized?

                              Only professionals
                               create products
It is all
  about

Timing!
Exercise
Spend 5 minutes discussing where your business canvas is
 situated in the perfect storm. Consider the timing aspect!
Communication
The old world
                                        Recipient
                                        Consumer

                    Media
Organi-               TV     Communi-
          Message
zation              Radio      cation
                    Papers
Non-professionals
            create products




Physical                         Digital
economy                         Economy




           Only professionals
            create products
CANON



            Wikipedia               User
                                  reviews
                        CANON
Facebook
                        Website                   Blogs




                                        Price
           Twitter
                                     comparison
                         Mobile
                          apps
Your business



            Wikipedia                     User
                                        reviews
                          Your
Facebook
                         Website                        Blogs




                                              Price
           Twitter
                                           comparison
                            Mobile
                             apps
The conversation takes
place without the companies
But
   companies
can become part
     of this
  conversation
3   basic rules
Choose the right platform
Speak the language
Be interesting
Are you interesting?
Maybe you can
be interesting
   to some
Maybe you
can be
interesting
some of
the time
Do platforms exist and can we
                             use them?




                         Communication
                            strategy




                                       Are your services interesting or
Can you speak the language?
                                       can you make them interesting
                                       (to some or some of the time)?
High involvement


                   • Co-creation of products


                   • Involvement in products


                   • Creation of new involving product


                   • Creation of involving campaign


                   • Digital mass-communication


Low involvement
Co-creation of products
Involvement in products
5 Types of Involvement
1. Involvement around rating, comments and
   improvement of products.

2. Involvement around service

3. Involvement around usage of products

4. Involvement around product conversations

5. Involvement around the creation of the
   products
Creation of new
involving product
Creation of involving
           campaign
On Twitter, @Alyssa_Milano wrote "Are
you flirting with me, @oldspice guy?"
Digital mass-
communication
Lunch break
Developing a social media
        strategy
Core business


Analysis     Strategy      Concepts




           Communication


Analysis     Strategy      Concepts
Core Business
Core Business -> Analysis
Core Business -> Strategy


  • Question: In which of the four qaudrants is you business
    located?
  • Who are the players in this quardrant?
      • Traditional players: What are their weaknesses?
      • New Players: What can we learn from them? What are their
        weaknesses? Which areas are they not covering?
  • Develop your unique business strategy for the perfect storm:



    How to create a flexible      How to involve users and reach the
    production and suply chain?   critical tipping point where you
                                  become the go-to place?


                                  How to build a viable business in a
                                  digital economy where marginal
                                  costs are almost zero?
Core Business -> Concepts
Concepts – check list:

1. Digitize the company’s products/services
2. Digitize parts of the company’s products
3. Create new digital products
4. Create digital products that support or improve the use of the company’s physical products.
5. Create linkages between the physical and digital products (QR codes, URLs, etc.).
6. Make it easy for users to copy (steal) the company’s products.
7. Make your products/services/content free and make your money elsewhere
8. Make parts of your product free, or create new digital free products.
9. Become an aggregator. Forget the pride of creating your own products/services/content. Become the portal
   of your area
10.Become a specialist. It's easier to create a business around a very specialized product
11.Give users the ability to customize your products/services/content
12.Give users the opportunity to comment on your products/services/content
13.Give users the ability to evaluate your products/services/content
14.Give users the ability to recommend your products/services/content
15.Give users the opportunity to share with their network when they use your products/services/content
16.Give users the ability to improve your products/services/content
17.Give users the ability to create your products/services/content
18.Create a community around your products/services/content
19.Create ambassadors and use them to improve your products/services/content
20.Blur the boundary between customers and employees. Create close links to customers who “work” for the
   company, but who are not paid
21.Deportalize the company’s strategy. Does your company have interesting content? Make sure that this
   content not only lives on the website, but also at the networks where your customers/followers actually
   spend their online lives. (Facebook, Twitter, etc.)
Communication
Communication -> Analysis




          Deportalization:

          •   Do people talk about the
              product/company or your subject area
              in the social media?
          •   Are your competitors already present in
              this universe?
          •   Understand how to become interesting!
          •   Understand the relevant platforms!
          •   Learn to speak the right language!
Communication -> Strategy



                      How much do you expect to be
                      able to involve your
                      customers/followers?

                      Based on this decide on the
                      most relevant communication
                      strategy

                      Often companies will use
                      several of these strategies at
                      the same time.
Communication -> Concepts
Concepts – check list:

1. Use your existing customers/followers to spread your message
2. Deportalize your communication. Make sure that you are present in the social media. But remember: Be interesting,
   choose the right platforms and speak the right language!
3. Create digital high involvement products and services that support the conversation about the company’s existing
   products and services
4. Give the company’s product (or parts of it) away for free. There is no better marketing than free!
5. Create a community around your product and services
6. Give people access to review the company's products. People love to be "reviewers".
7. Give people access to improve your products and services.
8. Give people access to talk about your products and services when they use them. Create linkages between physical
   products/events and the digital world (QR codes, photo / video from mobile devices, etc.).
9. Be transparent in so many parts of the company as possible. Your customers would rather engage with employees in
   a transparent company than with an anonymous marketing department.
10.Tell the world about how you work. Give people the opportunity to comment and make suggestions for improvements
   to the process.
11.Reward customers who involve themselves in the company or your products/services. Not necessarily with money.
12.Share valuable knowledge! Find information, functionality or services that your company has so far kept secret and
   share it with the world.
13.Aggregate valuable knowledge! Become an information hub for the companys products and services.
14.Participate in the current conversation in the social media. Make sure it's real people with real voices participating –
   not marketing people.
15.Create ambassadors, and use them to publicize the company and its services.
16.Create campaigns that people want to get involved in, but remember that the campaign also should support your core
   business
17.Make it easy for people to talk about your products and services. Send them emails or ask them in other ways to talk
   about you in the social media.
18.Mobilize the company's hard-core fans, and get them to be active in the social media.
19.Involve people when they are most happy about your products or services.
20.Start many small initiatives at the same time. Start 10 blogs instead of one. Use 20 Twitter hash tags instead of
   one. And evaluate what works!
21.Find problems, shortcomings or challenges in the company, which customers/followers can help improve.
22.Create a social media task force that is constantly ready to participate in conversations about the company and its
   services when they arise (or start the conversation when the right opportunity presents itself).
Now it is your turn!
Develop a strategy presentation for your business canvas which
covers these six areas. The presentation should adress all six areas.

More inspiration and PPT templates on:
www.denperfektestorm.dk/strategimodellen
(in Danish)



                            Core business


     Analysis                  Strategy                 Concepts




                           Communication


     Analysis                  Strategy                 Concepts
peter@petersvarre.dk
        www.linkedin.com/in/petersvarre
          www.facebook.com/petersvarre
            www.twitter.com/petersvarre
         www.slideshare.net/petersvarre
           www.youtube.com/petersvarre
    www.foursquare.com/user/petersvarre
www.kommunikationsforum.dk/peter-svarre

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Human Capital Week

  • 1. Human capital week How to develop a social media strategy July 26, 2012
  • 2.
  • 3. Has your organization worked with social media initiatives within the last year? Source: socialsemantic.eu
  • 4. Central coordination and targeted planning Sporadic initiatives and no clear planning We are testing A couple of employees are testing without a clear deadline Other Source: socialsemantic.eu
  • 6.
  • 7. Time to get serious!
  • 8. Social Media is a Perfect Storm
  • 12. Non-professionals create products North West: North East: Mass- The Eye of the customization Perfect Storm Physical Digital economy Economy South West: South East: Traditional Digital Professional economy services Only professionals create products
  • 13. An example: The Travel Business
  • 14. There once was a travel agency:
  • 15. • Purchase of flight tickets, hotel bookings etc. = • Customization of trip • Find the cheapest trip • Trip advice
  • 16. Non-professionals create products Customization of Trip advice trip Physical Digital economy Economy Purchase of flight Price comparison tickets, hotel (Find the cheapest bookings etc. trip) Only professionals create products
  • 17. The perfect storm as a conveyor belt of innovation ideas
  • 18. Non-professionals create products • Is there a potential for user • Is there a potential for user creation? creation? • Can you create the • Is there sufficient motivation production and supply chain to sustain long term user flexibility which is required creation? for mass customization? Physical Digital economy Economy • Is the business becoming digital? Traditional business • Are there relevant devices? area • Are people comfortable with going digital? • Is the market free or monopolized? Only professionals create products
  • 19. It is all about Timing!
  • 21. Spend 5 minutes discussing where your business canvas is situated in the perfect storm. Consider the timing aspect!
  • 23. The old world Recipient Consumer Media Organi- TV Communi- Message zation Radio cation Papers
  • 24. Non-professionals create products Physical Digital economy Economy Only professionals create products
  • 25. CANON Wikipedia User reviews CANON Facebook Website Blogs Price Twitter comparison Mobile apps
  • 26. Your business Wikipedia User reviews Your Facebook Website Blogs Price Twitter comparison Mobile apps
  • 27. The conversation takes place without the companies
  • 28. But companies can become part of this conversation
  • 29. 3 basic rules
  • 30. Choose the right platform
  • 31.
  • 32.
  • 34.
  • 37. Maybe you can be interesting to some
  • 38.
  • 40. Do platforms exist and can we use them? Communication strategy Are your services interesting or Can you speak the language? can you make them interesting (to some or some of the time)?
  • 41. High involvement • Co-creation of products • Involvement in products • Creation of new involving product • Creation of involving campaign • Digital mass-communication Low involvement
  • 43.
  • 44.
  • 45.
  • 47.
  • 48.
  • 49.
  • 50. 5 Types of Involvement 1. Involvement around rating, comments and improvement of products. 2. Involvement around service 3. Involvement around usage of products 4. Involvement around product conversations 5. Involvement around the creation of the products
  • 52.
  • 53.
  • 55.
  • 56.
  • 57. On Twitter, @Alyssa_Milano wrote "Are you flirting with me, @oldspice guy?"
  • 58.
  • 60.
  • 62. Developing a social media strategy
  • 63. Core business Analysis Strategy Concepts Communication Analysis Strategy Concepts
  • 65. Core Business -> Analysis
  • 66. Core Business -> Strategy • Question: In which of the four qaudrants is you business located? • Who are the players in this quardrant? • Traditional players: What are their weaknesses? • New Players: What can we learn from them? What are their weaknesses? Which areas are they not covering? • Develop your unique business strategy for the perfect storm: How to create a flexible How to involve users and reach the production and suply chain? critical tipping point where you become the go-to place? How to build a viable business in a digital economy where marginal costs are almost zero?
  • 67. Core Business -> Concepts Concepts – check list: 1. Digitize the company’s products/services 2. Digitize parts of the company’s products 3. Create new digital products 4. Create digital products that support or improve the use of the company’s physical products. 5. Create linkages between the physical and digital products (QR codes, URLs, etc.). 6. Make it easy for users to copy (steal) the company’s products. 7. Make your products/services/content free and make your money elsewhere 8. Make parts of your product free, or create new digital free products. 9. Become an aggregator. Forget the pride of creating your own products/services/content. Become the portal of your area 10.Become a specialist. It's easier to create a business around a very specialized product 11.Give users the ability to customize your products/services/content 12.Give users the opportunity to comment on your products/services/content 13.Give users the ability to evaluate your products/services/content 14.Give users the ability to recommend your products/services/content 15.Give users the opportunity to share with their network when they use your products/services/content 16.Give users the ability to improve your products/services/content 17.Give users the ability to create your products/services/content 18.Create a community around your products/services/content 19.Create ambassadors and use them to improve your products/services/content 20.Blur the boundary between customers and employees. Create close links to customers who “work” for the company, but who are not paid 21.Deportalize the company’s strategy. Does your company have interesting content? Make sure that this content not only lives on the website, but also at the networks where your customers/followers actually spend their online lives. (Facebook, Twitter, etc.)
  • 69. Communication -> Analysis Deportalization: • Do people talk about the product/company or your subject area in the social media? • Are your competitors already present in this universe? • Understand how to become interesting! • Understand the relevant platforms! • Learn to speak the right language!
  • 70. Communication -> Strategy How much do you expect to be able to involve your customers/followers? Based on this decide on the most relevant communication strategy Often companies will use several of these strategies at the same time.
  • 71. Communication -> Concepts Concepts – check list: 1. Use your existing customers/followers to spread your message 2. Deportalize your communication. Make sure that you are present in the social media. But remember: Be interesting, choose the right platforms and speak the right language! 3. Create digital high involvement products and services that support the conversation about the company’s existing products and services 4. Give the company’s product (or parts of it) away for free. There is no better marketing than free! 5. Create a community around your product and services 6. Give people access to review the company's products. People love to be "reviewers". 7. Give people access to improve your products and services. 8. Give people access to talk about your products and services when they use them. Create linkages between physical products/events and the digital world (QR codes, photo / video from mobile devices, etc.). 9. Be transparent in so many parts of the company as possible. Your customers would rather engage with employees in a transparent company than with an anonymous marketing department. 10.Tell the world about how you work. Give people the opportunity to comment and make suggestions for improvements to the process. 11.Reward customers who involve themselves in the company or your products/services. Not necessarily with money. 12.Share valuable knowledge! Find information, functionality or services that your company has so far kept secret and share it with the world. 13.Aggregate valuable knowledge! Become an information hub for the companys products and services. 14.Participate in the current conversation in the social media. Make sure it's real people with real voices participating – not marketing people. 15.Create ambassadors, and use them to publicize the company and its services. 16.Create campaigns that people want to get involved in, but remember that the campaign also should support your core business 17.Make it easy for people to talk about your products and services. Send them emails or ask them in other ways to talk about you in the social media. 18.Mobilize the company's hard-core fans, and get them to be active in the social media. 19.Involve people when they are most happy about your products or services. 20.Start many small initiatives at the same time. Start 10 blogs instead of one. Use 20 Twitter hash tags instead of one. And evaluate what works! 21.Find problems, shortcomings or challenges in the company, which customers/followers can help improve. 22.Create a social media task force that is constantly ready to participate in conversations about the company and its services when they arise (or start the conversation when the right opportunity presents itself).
  • 72. Now it is your turn! Develop a strategy presentation for your business canvas which covers these six areas. The presentation should adress all six areas. More inspiration and PPT templates on: www.denperfektestorm.dk/strategimodellen (in Danish) Core business Analysis Strategy Concepts Communication Analysis Strategy Concepts
  • 73. peter@petersvarre.dk www.linkedin.com/in/petersvarre www.facebook.com/petersvarre www.twitter.com/petersvarre www.slideshare.net/petersvarre www.youtube.com/petersvarre www.foursquare.com/user/petersvarre www.kommunikationsforum.dk/peter-svarre