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Creating A Coherent Social Media Strategy<br />1<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @cha...
2<br />
It’s time to move past experiments<br />3<br />
It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
5<br />Agenda<br />Strategy<br />Lead<br />Prepare<br />
6<br />Agenda<br />Strategy<br />Lead<br />Prepare<br />
Strategy Process Stages<br />7<br />
Strategy Process Stages<br />8<br />Set context <br /><ul><li>Determine key objectives
Level of strategy (corporate, biz unit, brand)
Identify key metrics
Assess readiness</li></li></ul><li>Align social with key strategic goals<br />9<br />Examine your 2011 goals<br />Pick one...
Objectives differ by level<br />10<br />
Ask the Right Questions about Value  <br />11<br />“We tend to overvalue the things we can measure, and undervalue the thi...
Use appropriate metrics at each level<br />12<br />Business metrics: revenue, CSAT, reputation.<br />Social media analytic...
Highlight where you are strong, where you need to develop.<br />Don’t create strategies that you can’t execute.<br />Demon...
Mindset
Roles
Stakeholders
Monitoring
Reporting
Customer Profile
Market Analysis
Processes
Organizational Model
Education</li></li></ul><li>Benchmarking Social Readiness (Before)<br />14<br />December 2009<br />
Benchmarking Social Readiness (After)<br />15<br />April 2010<br />
Strategy Process Stages - Discovery<br />16<br />Collect and prioritize strategic options<br /><ul><li>Metrics-based value...
Prioritize against objectives</li></li></ul><li>Evaluate each initiative<br />17<br />
Define Your Strategy With Objectives<br />18<br />
How does social media matter to B2B?<br />Chief stakeholders may not be using social media.<br /><ul><li>But lieutenants w...
Expertise
Search results impact</li></li></ul><li>Why care about social technologies?<br /><ul><li>62% read user ratings/reviews for...
62% visit company profiles on social media sites
55% visit company blogs
51% participate in online business communities or forums
49% ask questions on Q&A sites
29% use Twitter to find or request business-related information </li></ul>Source: 2009 Business.com Business Social Media ...
People in B2B use social media for work<br />21<br />Source: 2009 Business.com Business Social Media Benchmarking Study(n=...
22<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
Track brand mentions with basic tools<br />23<br />What would happen if every employee could learn from customers?<br />
Integrate monitoring with workflow<br />24<br />Other providers<br />Alterian<br />BrandsEye<br />Buzzmetrics Cymfony<br /...
Go beyond basic monitoring to analytics<br />25<br />Make course corrections nearly real-time.<br />Use predictive analyti...
Shoppers want to be “known”<br />26<br />I walk into the store<br />Store knows it’s me<br />Give me offers<br />And plans...
Community insight platforms<br />27<br /><ul><li>Communispace and Passenger offer online focus groups solutions.</li></li>...
Go beyond traditional data to understand your customers<br />29<br />Demographic<br />Geographic<br />Psychographic<br />B...
Where are your customers online?<br />What social information or people do your customers rely on?<br />What is your custo...
Engagement Pyramid<br />31<br />
Engagement Pyramid - Watching<br />32<br />Watch videos<br />Read blog posts<br />Listen to podcasts<br />Read tweets<br /...
Engagement Pyramid - Sharing<br />33<br />Share a link<br />Share photos<br />Share videos<br />Write a status update<br /...
Engagement Pyramid - Commenting<br />34<br />Comment on a blog<br />Write a review<br />Rate a product<br />Participate in...
Engagement Pyramid - Producing<br />35<br />Write a blog<br />Create videos or podcasts<br />Tweet for an audience<br />
Engagement Pyramid - Curating<br />36<br />Moderate a wiki or discussion forum<br />Curate a Facebook fan page<br />
Engagement Pyramid Data<br />37<br />Source: Global Wave Index Wave 2, Trendstream.net, January 2010<br />
Conduct research to identify the social behaviors of your target customer<br />Also identify:<br />Where are they online: ...
Listen and learn from your customers. <br />Start with basic monitoring tools, but quickly evolve them.<br />Invest in ana...
40<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
Conversations, not messages<br />Human, not corporate<br />Continuous, not episodic<br />The New Normal<br />41<br />
Blogs establish thought leadership<br />42<br />CEO Richard Edelman has been blogging consistently since September 2004.<b...
Dos Equis surpasses 1 million ‘likes’, uses social media to increase reach<br />43<br />
Mundo-Contact establishes thought-leadership on Facebook and Twitter<br />44<br />
The Central Bank of Brazil shares articles on twitter<br />45<br />
Encourage commenting to get into the Facebook news feed<br />46<br />
B2B can also use Facebook<br />47<br /><ul><li>Develop relationships with job candidates, prospects, and current employees
Insert your content into newsfeed of fans
B2B is really people to people</li></li></ul><li>48<br />Also encourage dialog inside the company<br />
ISS connects distributed work-force with social-powered intranet<br />49<br />“Everyone feels more connected. Socialtext i...
Premier Farnell supports engineers with community, and employees with “OurTube”<br />50<br />
Give out Flip cameras/smartphones<br />Set up an internal “OurTube”<br />Transcribe conversations into emails and posts<br...
Tivo joined an existing community<br />52<br />
53<br />Advocacy – A five-phase approach<br />
Tesco engages influencer blogs<br />54<br />Blog post series highlights & drives traffic to blogs by Influencers. Twitter ...
Visa’s online video campaign increase card payments 19%<br />55<br />
Have an authentic conversation with your customers that they want to have.<br />Engage across and through social communiti...
It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
Charlene Li<br />charlene@altimetergroup.com<br />charleneli.com/blog<br />Twitter: charleneli<br />For slides, send an em...
Support and Innovate With Your Customers<br />59<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @cha...
It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
61<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
Telmex provides customer support on Twitter<br />62<br />
Ritz-Carlton managers monitor Twitter for real-time service<br />63<br />Property manager helped unhappy honeymooners<br />
DellOutlet supports sales with Twitter<br />64<br />
Question & Answer sites provide opportunity for support<br />
Q&A encourages dialog too<br />66<br />
iRobot ties discussion boards into customers support<br />67<br />iRobot escalates unanswered questions into support cente...
Salesforce.com Service Cloud ties social channels back to customer data<br />68<br />
Solarwinds’ community is strategic<br />69<br />
Retailer Best Buy has 2,500 employees providing support via Twitter<br />70<br />
Real-time isn’t fast enough.<br />Integrate “social” support into your support infrastructure.<br />Scaling support to mee...
72<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
Participate in crowdsourcing to understand how it works.<br />Create a culture of sharing and collaboration within the com...
P&G uses reviews to improve products<br />74<br />
GE asked for ideas from around the globe<br />75<br />
Starbucks involves 50 people around the organization in innovation<br />76<br />Over 100 ideas have been implemented<br />
P&G goes outside for innovation<br />77<br />P&G made outside-in innovation a priority<br />
P&G developed technology from diaper research<br />Reached out to competitor Clorox to form a new joint venture<br />Helpe...
Mobile apps like utour are revolutionizing their industry<br />79<br />
ModCloth has customers merchandise new products<br />80<br />
Innovating can come from any customer or employee interaction.<br />Dedicated innovation communities require significant c...
Strategy Process Stages<br />82<br />Strategy statement<br /><ul><li>What you will do
What you won’t do</li></ul>Scenarios development<br /><ul><li>Implementation roadblocks
Company and leadership implications
Risk identification
Build resilience</li></li></ul><li>What’s the Next Big Thing?<br />83<br />
84<br />
85<br />Identify and prioritizing disruptions that matter<br />User Experience<br /><ul><li>Is it easy for people to use?
Does it enable people to connect in new ways?</li></ul>Business Model<br /><ul><li>Does it tap new revenue streams?
Is it done at a lower cost?</li></ul>Ecosystem Value<br /><ul><li>Does it change the flow of value?
Does it shift power from one player to another?</li></li></ul><li>“How personal relationships, individual opinions, powerf...
Likenomics evaluation<br />87<br />User experience impact - moderate<br />People with high social currency will enjoy bene...
88<br />2) Social Search – Beyond Friends to Interests<br />Social sharing rises as a search ranking signal, esp in the en...
Social Search evaluation<br />89<br />User experience impact - Moderate<br />Search becomes more useful, relevant to peopl...
Social monitoring merges with Web analytics<br />HOT: Omniture, Coremetrics/IBM, Webtrends<br />Technology like Hadoop mak...
Big Data evaluation<br />91<br />User experience impact - Low<br />Most users won’t directly experience Big Data.<br />Bus...
92<br />4) Game-ification<br />
TurboTax used “games” to encourage sharing and support<br />93<br />Social design can enter training, collaboration, suppo...
Gamification evaluation<br />94<br />User experience impact – High<br />Experiences get richer, more engaging<br />Busines...
95<br />5) Curation<br />
Curation evaluation<br />96<br />User experience impact – Moderate<br />User authority established from better curation, b...
Summary of disruptions<br />97<br />
It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
Leading The Open Organization<br />99<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @charleneli<br ...
It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
101<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
OUT ofCONTROL?<br />© 2011 Altimeter Group<br />
103<br />© 2011 Altimeter Group<br />
104<br />© 2011 Altimeter Group<br />
105<br />How to give up control<br />but still be in command<br />© 2011 Altimeter Group<br />
Open Leadership<br />106<br />Having the confidence and humility to give up the need to be in control,<br />while inspirin...
10 elements of openness<br />107<br />
Explaining strategic decisions<br />108<br />Open book management<br />Managing leaks<br />
109<br />Updating with every day stuff<br />
Kohl’s has conversations on Facebook<br />110<br />
Open Mic: When people contribute<br />111<br />
Crowdsourcing new Walkers flavour<br />112<br />
Open platforms make it easy to partner and share<br />113<br />Open architecture<br />Open data access<br />
114<br />Centralized<br />Democratic<br />Distributed<br />Consensus<br />Decision making models<br />
170 employees<br />100 modules with “module owners”<br />One person makes the final decision in each module<br />Social te...
16 Councils, 50 Boards make strategic decisions
Joint leadership of each group</li></li></ul><li>Determine how open you need to be with information to meet your goals<br ...
Complete the Openness Audit<br />117<br />
Traits of Open Leaders<br />118<br />Authenticity<br />Transparency<br />
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Social Media Strategy, HSM Mexico

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Presentation by Charlene Li on 24 May 2011 for HSM Mexico in Guadalajara, Jalisco, Mexico

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Social Media Strategy, HSM Mexico

  1. Creating A Coherent Social Media Strategy<br />1<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @charleneli<br />Email: charlene@altimetergroup.com<br />
  2. 2<br />
  3. It’s time to move past experiments<br />3<br />
  4. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  5. 5<br />Agenda<br />Strategy<br />Lead<br />Prepare<br />
  6. 6<br />Agenda<br />Strategy<br />Lead<br />Prepare<br />
  7. Strategy Process Stages<br />7<br />
  8. Strategy Process Stages<br />8<br />Set context <br /><ul><li>Determine key objectives
  9. Level of strategy (corporate, biz unit, brand)
  10. Identify key metrics
  11. Assess readiness</li></li></ul><li>Align social with key strategic goals<br />9<br />Examine your 2011 goals<br />Pick ones where social will have an impact <br />
  12. Objectives differ by level<br />10<br />
  13. Ask the Right Questions about Value <br />11<br />“We tend to overvalue the things we can measure, and undervalue the things we cannot.” <br /> - John Hayes, CMO of American Express<br />© 2011 Altimeter Group<br />
  14. Use appropriate metrics at each level<br />12<br />Business metrics: revenue, CSAT, reputation.<br />Social media analytics: Insights, share of voice, resonance, WOM. <br />Engagement metrics: fans, followers, clicks.<br />
  15. Highlight where you are strong, where you need to develop.<br />Don’t create strategies that you can’t execute.<br />Demonstrate impact of strategic work.<br />Categories for readiness assessment<br />Assess your readiness to be social<br />13<br /><ul><li>Communication
  16. Mindset
  17. Roles
  18. Stakeholders
  19. Monitoring
  20. Reporting
  21. Customer Profile
  22. Market Analysis
  23. Processes
  24. Organizational Model
  25. Education</li></li></ul><li>Benchmarking Social Readiness (Before)<br />14<br />December 2009<br />
  26. Benchmarking Social Readiness (After)<br />15<br />April 2010<br />
  27. Strategy Process Stages - Discovery<br />16<br />Collect and prioritize strategic options<br /><ul><li>Metrics-based value assessment
  28. Prioritize against objectives</li></li></ul><li>Evaluate each initiative<br />17<br />
  29. Define Your Strategy With Objectives<br />18<br />
  30. How does social media matter to B2B?<br />Chief stakeholders may not be using social media.<br /><ul><li>But lieutenants will be.</li></ul>Social media is impacting how B2B decisions are being made.<br /><ul><li>Background research
  31. Expertise
  32. Search results impact</li></li></ul><li>Why care about social technologies?<br /><ul><li>62% read user ratings/reviews for business products/services
  33. 62% visit company profiles on social media sites
  34. 55% visit company blogs
  35. 51% participate in online business communities or forums
  36. 49% ask questions on Q&A sites
  37. 29% use Twitter to find or request business-related information </li></ul>Source: 2009 Business.com Business Social Media Benchmarking Study(n=2,393) <br />20<br />
  38. People in B2B use social media for work<br />21<br />Source: 2009 Business.com Business Social Media Benchmarking Study(n=2,393) <br />
  39. 22<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  40. Track brand mentions with basic tools<br />23<br />What would happen if every employee could learn from customers?<br />
  41. Integrate monitoring with workflow<br />24<br />Other providers<br />Alterian<br />BrandsEye<br />Buzzmetrics Cymfony<br />Sysmos<br />Visible Tech. <br />From Radian 6, to be acquired by Salesforce.com<br />
  42. Go beyond basic monitoring to analytics<br />25<br />Make course corrections nearly real-time.<br />Use predictive analytics to anticipate demand. <br />
  43. Shoppers want to be “known”<br />26<br />I walk into the store<br />Store knows it’s me<br />Give me offers<br />And plans my visit<br />
  44. Community insight platforms<br />27<br /><ul><li>Communispace and Passenger offer online focus groups solutions.</li></li></ul><li>Private communities give better control <br />Get input from specific communities<br />Can target specific hard-to-reach communities<br />But they are hard to create – and maintain<br />Who needs to be included? Excluded?<br />Provide non-monetary incentives/rewards for participating in the community<br />Deserves and requires dedicated community manager<br />Integrate into your company’s support and innovation process<br />Pros and cons of private communities<br />28<br />
  45. Go beyond traditional data to understand your customers<br />29<br />Demographic<br />Geographic<br />Psychographic<br />Behavioral<br />Socialgraphic<br />
  46. Where are your customers online?<br />What social information or people do your customers rely on?<br />What is your customers’ social influence? Who trusts them?<br />What are your customers’ social behaviors online?<br />How do your customers use social technologies in the context of your products.<br />Socialgraphics asks key questions<br />30<br />
  47. Engagement Pyramid<br />31<br />
  48. Engagement Pyramid - Watching<br />32<br />Watch videos<br />Read blog posts<br />Listen to podcasts<br />Read tweets<br />Read discussion forum posts<br />
  49. Engagement Pyramid - Sharing<br />33<br />Share a link<br />Share photos<br />Share videos<br />Write a status update<br />Retweet<br />
  50. Engagement Pyramid - Commenting<br />34<br />Comment on a blog<br />Write a review<br />Rate a product<br />Participate in a discussion forum<br />@Reply on Twitter<br />
  51. Engagement Pyramid - Producing<br />35<br />Write a blog<br />Create videos or podcasts<br />Tweet for an audience<br />
  52. Engagement Pyramid - Curating<br />36<br />Moderate a wiki or discussion forum<br />Curate a Facebook fan page<br />
  53. Engagement Pyramid Data<br />37<br />Source: Global Wave Index Wave 2, Trendstream.net, January 2010<br />
  54. Conduct research to identify the social behaviors of your target customer<br />Also identify:<br />Where are they online: Surveys or brand monitoring<br />Who do they trust: Surveys<br />Who do they influence: Survey or brand monitoring<br />How they use these tools in context of your products: Most often surveys.<br />When you first understand your customers, your marketing efforts will naturally unfold.<br />Putting socialgraphics to work<br />38<br />
  55. Listen and learn from your customers. <br />Start with basic monitoring tools, but quickly evolve them.<br />Invest in analytics that matter. Use metrics that are relevant to your business.<br />Understand the socialgraphics of your customers. <br />Summary - Learn<br />39<br />
  56. 40<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  57. Conversations, not messages<br />Human, not corporate<br />Continuous, not episodic<br />The New Normal<br />41<br />
  58. Blogs establish thought leadership<br />42<br />CEO Richard Edelman has been blogging consistently since September 2004.<br />
  59. Dos Equis surpasses 1 million ‘likes’, uses social media to increase reach<br />43<br />
  60. Mundo-Contact establishes thought-leadership on Facebook and Twitter<br />44<br />
  61. The Central Bank of Brazil shares articles on twitter<br />45<br />
  62. Encourage commenting to get into the Facebook news feed<br />46<br />
  63. B2B can also use Facebook<br />47<br /><ul><li>Develop relationships with job candidates, prospects, and current employees
  64. Insert your content into newsfeed of fans
  65. B2B is really people to people</li></li></ul><li>48<br />Also encourage dialog inside the company<br />
  66. ISS connects distributed work-force with social-powered intranet<br />49<br />“Everyone feels more connected. Socialtext is allowing us to work as a team towards our goals and serve customers more efficiently.”<br />- Erick Vera, Enterprise Social Media Manager<br />
  67. Premier Farnell supports engineers with community, and employees with “OurTube”<br />50<br />
  68. Give out Flip cameras/smartphones<br />Set up an internal “OurTube”<br />Transcribe conversations into emails and posts<br />Ask people for best practices, reactions, advice, opinion in areas of passion. <br />Recognize key contributors.<br />Getting people to share within your company<br />51<br />
  69. Tivo joined an existing community<br />52<br />
  70. 53<br />Advocacy – A five-phase approach<br />
  71. Tesco engages influencer blogs<br />54<br />Blog post series highlights & drives traffic to blogs by Influencers. Twitter feed encouages engagement too.<br />
  72. Visa’s online video campaign increase card payments 19%<br />55<br />
  73. Have an authentic conversation with your customers that they want to have.<br />Engage across and through social communities<br />Engage off of your Web site.<br />Recruit an army of customer advocates.<br />Respond to your prospects and customers in real time.<br />Summary - Dialog<br />56<br />
  74. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  75. Charlene Li<br />charlene@altimetergroup.com<br />charleneli.com/blog<br />Twitter: charleneli<br />For slides, send an email to slides@altimetergroup.com<br />For more information & to buy the book<br />visit open-leadership.com<br />© 2011 Altimeter Group<br />
  76. Support and Innovate With Your Customers<br />59<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @charleneli<br />Email: charlene@altimetergroup.com<br />
  77. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  78. 61<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  79. Telmex provides customer support on Twitter<br />62<br />
  80. Ritz-Carlton managers monitor Twitter for real-time service<br />63<br />Property manager helped unhappy honeymooners<br />
  81. DellOutlet supports sales with Twitter<br />64<br />
  82. Question & Answer sites provide opportunity for support<br />
  83. Q&A encourages dialog too<br />66<br />
  84. iRobot ties discussion boards into customers support<br />67<br />iRobot escalates unanswered questions into support centers<br />
  85. Salesforce.com Service Cloud ties social channels back to customer data<br />68<br />
  86. Solarwinds’ community is strategic<br />69<br />
  87. Retailer Best Buy has 2,500 employees providing support via Twitter<br />70<br />
  88. Real-time isn’t fast enough.<br />Integrate “social” support into your support infrastructure.<br />Scaling support to meet the groundswell will require that you create your own groundswell.<br />Summary - Support<br />71<br />
  89. 72<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  90. Participate in crowdsourcing to understand how it works.<br />Create a culture of sharing and collaboration within the company.<br />Encourage “intrapreneurship”.<br />85% of innovations involve optimizing one parameter.<br />Use social media to collect and prioritize ideas.<br />Reduce “power distance” with open leadership and management.<br />How to encourage innovation<br />73<br />
  91. P&G uses reviews to improve products<br />74<br />
  92. GE asked for ideas from around the globe<br />75<br />
  93. Starbucks involves 50 people around the organization in innovation<br />76<br />Over 100 ideas have been implemented<br />
  94. P&G goes outside for innovation<br />77<br />P&G made outside-in innovation a priority<br />
  95. P&G developed technology from diaper research<br />Reached out to competitor Clorox to form a new joint venture<br />Helped Glad become Clorox’s second largest brand<br />Success story: Glad Press’n Seal<br />78<br />
  96. Mobile apps like utour are revolutionizing their industry<br />79<br />
  97. ModCloth has customers merchandise new products<br />80<br />
  98. Innovating can come from any customer or employee interaction.<br />Dedicated innovation communities require significant commitment and nurturing. <br />Extend your firewall to bring customers into your organization. <br />Summary - Innovating<br />81<br />
  99. Strategy Process Stages<br />82<br />Strategy statement<br /><ul><li>What you will do
  100. What you won’t do</li></ul>Scenarios development<br /><ul><li>Implementation roadblocks
  101. Company and leadership implications
  102. Risk identification
  103. Build resilience</li></li></ul><li>What’s the Next Big Thing?<br />83<br />
  104. 84<br />
  105. 85<br />Identify and prioritizing disruptions that matter<br />User Experience<br /><ul><li>Is it easy for people to use?
  106. Does it enable people to connect in new ways?</li></ul>Business Model<br /><ul><li>Does it tap new revenue streams?
  107. Is it done at a lower cost?</li></ul>Ecosystem Value<br /><ul><li>Does it change the flow of value?
  108. Does it shift power from one player to another?</li></li></ul><li>“How personal relationships, individual opinions, powerful storytelling and social capital are helping brands…become more believable.”<br />1) Likenomics (credit to Rohit Bhargava)<br />86<br />Understand the supply, demand, and thus, value of Likes as social currency<br />See http://bit.ly/rohit-likenomics for Rohit’s take<br />
  109. Likenomics evaluation<br />87<br />User experience impact - moderate<br />People with high social currency will enjoy benefits, richer experiences, receive psychic income.<br />People with low social currency will find ways to get it.<br />Business model impact – moderate<br />New economics create opportunity for people who understand Likenomics to leverage gas.<br />The cost of accessing social currency will increase, and raise barriers to entry.<br />Ecosystem value impact – none<br />
  110. 88<br />2) Social Search – Beyond Friends to Interests<br />Social sharing rises as a search ranking signal, esp in the enterprise<br />Create a social content hub to gain traction<br />Use microformats to highlight granularity (e.g. hProduct & hReview)<br />
  111. Social Search evaluation<br />89<br />User experience impact - Moderate<br />Search becomes more useful, relevant to people.<br />Business model impact – Moderate<br />SEO takes on a different dimension, rewards companies with social currency, personalized experiences.<br />Ecosystem value impact – Moderate<br />New power brokers are social data/profile players who capture activity data and profiles.<br />Google has little of either.<br />
  112. Social monitoring merges with Web analytics<br />HOT: Omniture, Coremetrics/IBM, Webtrends<br />Technology like Hadoop makes it easy for companies to tap “Big Data”<br />E.g. New York Times making its archives public<br />Twitter archived by Library of Congress<br />Facebook Cassandra, Amazon Dynamo, Google BigTable<br />Data visualization tools make it easy to digest<br />Balancing privacy and personalization<br />3) Big Data<br />90<br />
  113. Big Data evaluation<br />91<br />User experience impact - Low<br />Most users won’t directly experience Big Data.<br />Business model impact – High<br />New businesses and initiatives can be started at very low cost.<br />Ecosystem value impact – Moderate<br />Owners of Big Data repositories can assert control, demand payments for access.<br />
  114. 92<br />4) Game-ification<br />
  115. TurboTax used “games” to encourage sharing and support<br />93<br />Social design can enter training, collaboration, support, hiring<br />
  116. Gamification evaluation<br />94<br />User experience impact – High<br />Experiences get richer, more engaging<br />Business model impact – Moderate<br />Work gets done faster, cheaper.<br />New organizational structures and cultures emerge.<br />Ecosystem value impact – Low<br />Service providers will remain focused, boutique firms.<br />
  117. 95<br />5) Curation<br />
  118. Curation evaluation<br />96<br />User experience impact – Moderate<br />User authority established from better curation, better content is organized well.<br />Business model impact – Moderate<br />Easier for businesses to create their content.<br />Ecosystem value impact – Moderate<br />Individuals challenge media and brands as authorities – and publishers that siphon off ad dollars.<br />
  119. Summary of disruptions<br />97<br />
  120. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  121. Leading The Open Organization<br />99<br />Charlene Li<br />Altimeter Group<br />2011 May 24<br />Twitter: @charleneli<br />Email: charlene@altimetergroup.com<br />
  122. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  123. 101<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  124. OUT ofCONTROL?<br />© 2011 Altimeter Group<br />
  125. 103<br />© 2011 Altimeter Group<br />
  126. 104<br />© 2011 Altimeter Group<br />
  127. 105<br />How to give up control<br />but still be in command<br />© 2011 Altimeter Group<br />
  128. Open Leadership<br />106<br />Having the confidence and humility to give up the need to be in control,<br />while inspiring commitment from people to accomplish goals<br />
  129. 10 elements of openness<br />107<br />
  130. Explaining strategic decisions<br />108<br />Open book management<br />Managing leaks<br />
  131. 109<br />Updating with every day stuff<br />
  132. Kohl’s has conversations on Facebook<br />110<br />
  133. Open Mic: When people contribute<br />111<br />
  134. Crowdsourcing new Walkers flavour<br />112<br />
  135. Open platforms make it easy to partner and share<br />113<br />Open architecture<br />Open data access<br />
  136. 114<br />Centralized<br />Democratic<br />Distributed<br />Consensus<br />Decision making models<br />
  137. 170 employees<br />100 modules with “module owners”<br />One person makes the final decision in each module<br />Social technologies make distributed decision making possible<br />115<br />Manage complex tasks<br />Organizing for speed<br /><ul><li>65,000 employees
  138. 16 Councils, 50 Boards make strategic decisions
  139. Joint leadership of each group</li></li></ul><li>Determine how open you need to be with information to meet your goals<br />116<br />Openness audit available at http://bit.ly/opennessaudit<br />
  140. Complete the Openness Audit<br />117<br />
  141. Traits of Open Leaders<br />118<br />Authenticity<br />Transparency<br />
  142. Transparency as an imperative<br />119<br />
  143. How Best Buy became open and social<br />120<br />
  144. Best Buy’s First Social Media Experts<br />121<br />Steve Bendt & Gary Koelling<br />
  145. The Executive Advocate<br />122<br />Barry Judge CMO of Best Buy<br />
  146. Barry’s first post<br />123<br />
  147. The Premier Black Fiasco<br />124<br />6.8 million emails sent instead of 1,000 test<br />
  148. Developing Open Leaders<br />© 2010 Altimeter Group<br />
  149. “You can imagine the Chatterati creating as much value as an SVP in the organization by sharing their institutional knowledge and expertise - and we should look at compensation structures with that in mind.”<br /> - Marc Benioff, CEO of Salesforce.com<br />© 2010 Altimeter Group<br />
  150. 127<br />Agenda<br />Strategy<br />Learn<br />Dialog<br />Support<br />Innovate<br />Lead<br />Prepare<br />
  151. #1 Create a Culture of Sharing<br />128<br />
  152. #2 Discipline is Needed to Succeed<br />129<br />Take reasonable action to fix issue and let customer know action taken<br />Negative<br />Positive<br />Yes<br />Yes<br />No<br />Assess the message<br />Evaluate the purpose<br />Do you want to respond?<br />Does customer need/deserve more info?<br />Unhappy Customer?<br />No Response<br />Yes<br />Are the facts correct?<br />Gently correct the facts<br />Yes<br />No<br />No<br />No<br />Can you add value?<br />DedicatedComplainer?<br />Are the facts correct?<br />Yes<br />Yes<br />No<br />No<br />Yes<br />Respond in kind & share<br />Thank the person<br />Comedian Want-to-Be?<br />Explain what is being done to correct the issue.<br />Is the problem being fixed?<br />Yes<br />No<br />Yes<br />Adapted from US Air Force Comment Policy<br />Let post stand and monitor.<br />© 2011 Altimeter Group<br />
  153. Five ways companies organize around social media<br />130<br />
  154. #3 Ask the Right Questions about Value<br />131<br />“We tend to overvalue the things we can measure, and undervalue the things we cannot.” <br /> - John Hayes, CMO of American Express<br />© 2011 Altimeter Group<br />
  155. The new lifetime value calculation<br /><ul><li> Percent that refer
  156. Size of their networks
  157. Percent of referred people who purchase
  158. Value of purchases</li></ul>+ Value of purchases<br /><ul><li>Cost of acquisition</li></ul>____________________<br />= Customer lifetime value<br />+ Value of new customers from referrals<br />+ Value of insights<br /><ul><li> Percent that provide support
  159. Frequency and value of the support</li></ul>+ Value of support<br />+ Value of ideas<br />Spreadsheets for all calculations available at open-leadership.com<br />
  160. 35% increase in LTV captured<br />133<br />
  161. Find more fans with large networks<br />Encourage fans to make more referrals<br />Make decisions with metrics<br />134<br />
  162. No relationships are perfect<br />Google’s mantra:“Fail fast, fail smart”<br />#4 Prepare for Failure<br />135<br />© 2011 Altimeter Group<br />
  163. 136<br />Create <br />Sandbox <br />Covenants<br />© 2011 Altimeter Group<br />
  164. Structure your risk-taking and failure systems to create resilience<br />137<br />Conduct pre- and post-mortems.<br />E.g. Johnson & Johnson after Motrin Moms. <br />Identify the top 5-10 worst case scenarios.<br />Develop mitigation and contingency plans.<br />E.g. Ford’s “lost” Fiesta.<br />Build in responsiveness.<br />E.g. Best Buy’s Black reward card.<br />Prepare yourself for the personal cost of failure. <br />
  165. Audit the last few failures you and your organization experienced.<br />25% - what happened.<br />25% - what you learned.<br />50% - what you will do next.<br />Keep a failure file.<br />Identify risk-taking training needs.<br />Build failure into your planning and operating processes.<br />Create support networks for the inevitable failures. <br />Action plan to prepare for failure<br />138<br />
  166. It’s about RELATIONSHIPS<br />© 2011 Altimeter Group<br />
  167. 140<br />Give Up Control<br />AND STILL BE IN COMMAND<br />© 2011 Altimeter Group<br />
  168. Charlene Li<br />charlene@altimetergroup.com<br />charleneli.com/blog<br />Twitter: charleneli<br />For slides, send an email to slides@altimetergroup.com<br />For more information & to buy the book<br />visit open-leadership.com<br />© 2011 Altimeter Group<br />

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