Is your business organized to capitalize on the social dialogue? In this 2013 Global Trend Study ( http://www.tcs.com/socbizstudy ), we survey how large consumer companies are deriving value from social media.
2. 2
ROI on Social Media:
• 38% said positive
• 18% said negative
• 44% said don’t know
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/101
www.tcs.com/socbizstudy→ Tweet this finding
3. 3
Leaders more likely to have a
large internal social circle
• Multiple functions across the organization
• Working together on social media
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/102
www.tcs.com/socbizstudy→ Tweet this finding
4. 4
Most Successful Industries:
• Media, Retail, High Tech, Telco & Travel
• Those selling products & services that
consumers can be passionate about
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/103
www.tcs.com/socbizstudy→ Tweet this finding
5. 5
Leaders go beyond company
pages on public social networks
• 70% run an Online Consumer
Community (or plan to by 2014) which
is double the number of Followers
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KEY FINDING #
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6. 6
To leverage social media,
corporate cultures need to be
more transparent
• 89% of the Leaders value consumer
opinion vs. 30% of the Followers
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/105
www.tcs.com/socbizstudy→ Tweet this finding
7. 7
Leaders will spend double
this year on Social Media
vs. Followers
• Leaders nearly 4x more likely to have
positive ROI
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/106
www.tcs.com/socbizstudy→ Tweet this finding
8. 8
Only 3 business functions
actively monitor social dialogue
• 69% Marketing
• 58% Sales
• 49% Customer Service
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/107
www.tcs.com/socbizstudy→ Tweet this finding
9. 9
Functions that should be
actively listening, but are not
• 27% of R&D
• 37% of Product Management
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/108
www.tcs.com/socbizstudy→ Tweet this finding
10. 10
Marketing most frequently
controls Social Media. But,
most companies aren’t satisfied
• Only 42% say that their Social Media
structure is effective or highly effective
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/109
www.tcs.com/socbizstudy→ Tweet this finding
11. 11
Companies invest less in
Social Media than in Big Data
and Digital Mobile Consumers*
• 53% will spend < $2.5 million this year
on Social Media *based on previous TCS studies
1
KEY FINDING #
Mastering Digital Feedback
How the Best Consumer Companies use Social Media
TCS Global Trend Study 2013
/100
www.tcs.com/socbizstudy→ Tweet this finding