----------------------------------------------- -----------------------------------------------
Showing posts with label socialmedia. Show all posts
Showing posts with label socialmedia. Show all posts

Friday, June 20, 2008

Forrester Social Computing Summit in Cambridge - Part 1


Two weeks ago, Forrester Research held a one-day session in their Cambridge office entitled “Social Computing: Tapping Into the Power of Connected Customers.” I was lucky enough to spend the day with analysts Peter Kim and Jeremiah Owyang along with several other attendees across a broad range of industries, discussing examples of companies (both B2C and B2B) using the various aspects of social computing to better engage with their customers.

These experiences and interactions were all framed up with Forrester’s P-O-S-T framework, the cornerstone of Charlene Li and Josh Bernoff’s latest book Groundswell.

Below is an overview of P-O-S-T, plus the five different objectives that should be considered for social computing* success. I’ll be exploring these five objectives in more detail in a future post.

*Note: According to Owyang, Forrester refers to these tools and technologies as “social computing” rather than “social media”. Per Owyang, “media” implies specific types of media used as a tool to connect. “Computing” implies a mix of culture, business, and marketing, and the impact these tools have to change our respective corporate cultures and organizational structures.

P-O-S-T

Before embarking on a social computing journey, you need to stop for a moment and consider HOW you’ll get to your destination. The order of the steps you take is critical; while many companies become enamored of a specific tool (like blogs, wikis, podcasts, social networks, etc.), the “T” in tools comes last.

Consider a typical scenario:

An executive at your company (or even yourself, despite your best intentions) reads about a new social media toy, or has a friend send a link to a new web 2.0 website, and she immediately falls in love and demands that you implement something similar. Sound familiar? If not, I can assure you that in most cases you'll blaze bravely down the road to fast-track an implementation (of what, you're not quite sure, because you don't really have the time to stop and ponder).

You implement, turn the key, start the engine, and then....nothing. Two weeks later no one is quite sure how to use this new toy, and four weeks later you're all collectively shrugging your shoulders (or worse, pointing fingers and tossing blame like a hot potato), and the project is doomed. Worse, in classic one-bitten-twice-shy mode, it's 10x more difficult to launch the next social media idea, even though you know this is something that your company has got to move forward with.

To help avoid some of these pitfalls, Forrester prescribes the following approach:

P – People: Where do your customers spendtheir time online? Are they already on Facebook, or Twitter, or mySpace? Is there an existing online community where they’re already connected with other like-minded individuals? If so, perhaps
you can use this to your advantage. If not, perhaps you’re better off looking somewhere else.

Bottom line: Don’t go with Kevin Costner’s Field of Dreams mantra…you may build it, but it doesn’t mean that they’ll show up!

O – Objectives: What are you looking to accomplish? Today you can create a blog in minutes. The technology part is easy. But why are you starting a blog in
the first place? If the driver is to use blogs as a mean to communicate new products and services that your company offers, great. If you’re starting a blog
because your competitors have one, you’re doomed. You need to have a clear answer behind this, because these initiatives are long-term branding initiatives.

Bottom line: Without true clarity around what they are and what they’re for, you won’t have a solid framework in place to guide through the tough times or give you the backing you need when your initiative comes under fire from disgruntled factions within your company that may not be as supportive.

S-Strategy: How do you expect your relationship with customers to change? This is perhaps the most important question you should ask yourself, because
it forces you to ask yourself internally what you’re really hoping to get out
of this exercise. Are you looking to improve your transparency, and to build more trust with your customers? Are you looking to get direct customer
feedback from some or all of your customers to drive your product development
activities? Are you looking to use these tools as ways to identify those vocal brand advocates that to date have remained hidden, but now that you’ve found them, you can energize them as a secondary sales force to support your brand?

Bottom line: You’ve got to be absolutely
clear in your own mind how you can see the dynamic between your company and your customers changed as a result of using these tools and technologies. Otherwise, you’re not truly ready to jump off and run the risk of hitting one or more bumps along the road (some of which could have been avoided with some careful pre-planning.


T-TechnologyWhat tools and technologies can you use to support these goals? It’s no accident that the technology aspect comes last. Again, implementing the technology is the easy part. It’s designing your organization and your approach to these new tools where the real work comes in.

Bottom line: Choose the technology solution AFTER you’ve gotten clarity internally on WHY you’re doing this, what you expect to get out of it, and how you expect your relationship with customers to change.

Forrester’s Five Key Social Computing Objectives:


  • Listening
  • Talking
  • Energizing
  • Supporting
  • Embracing


More to come on these five objectives in a future post. In the meantime, feel free to check out Forrester’s Groundswell site for more info.

What P-O-S-T means for other businesses:
Can social computing initiatives be done without following this approach? Sure, and it happens a lot more than any of us would care to admit. And most often, the technology solution is picked long before any thought is given to objectives or strategy, or even if this will resonate with one’s customer base. (joking referred to as T-O-P-S instead of P-O-S-T).

But if you subscribe to Forrester's theory, you’ll save yourself considerable time, energy, and money by adopting POST, and most importantly this can help you build some early credibility through a few quick wins targeted on some achieving some concrete business goals. Even if you're a small business that's considering launching a blog, start by asking yourself "How do I want to change my relationship with my customers?" If you can answer this, you've already safely navigated through several potentially dangerous pitfalls.

The concept of social computing often leads to murky waters at many companies, and with the first sign of blood the sharks will swarm, devour the victim, and quickly disperse, moving on to business as usual.

Don’t let your social computing efforts become wasted chum. Instead, consider using this philosophy to clarify “why to do it” rather than “how to do it”. Hopefully you’ll avoid a lot of pitfalls along the way, and will build some early successes that can translate to bigger initiatives to help enhance your business.

Good luck!

Thursday, March 13, 2008

AOL Scoops up Bebo for $850 million

This marks the second official M&A I've seen in the social media space this year (Prospero's acquisition by Mzinga being the first):

http://tinyurl.com/33mg92

It's natural to see a rash of acquisitions in the social networking vendor space like Prospero, given the number of vendors in this space. What makes Bebo stand out is that AOL now gets a huge global site and subscriber base (Bebo is #1 in UK, Ireland, and New Zealand and Bebo claims over 40 million global users) that they can leverage as a strong social media foundation to build beyond prior successes with AOL Instant Messaging.

Perhaps most importantly, this move also gives AOL additional advertising possibilities, something they'll need based on yesterday's announcement that Google has closed its deal to buy DoubleClick. This means that Google will now drive the text AND the banner ads you see; it's safe to assume that companies like AOL and Yahoo will have their hands full in this arena. Display advertising is one area where Google has historically lagged behind Yahoo, so it will be interesting to see what this does to their overall performance and to the advertising space in general.

Here's to an ever-changing web landscape!

Wednesday, March 12, 2008

McDonalds' New Internal Blog Initiative

According to Brandweek, McDonalds is now looking to a blogging solution to solve the age-old question:

How do you get feedback quickly from the troops on the ground to the team in the white tower?

http://www.brandweek.com/bw/news/recent_display.jsp?vnu_content_id=1003723126


This move takes the Golden Arches to a new level, encompassing 15,000 locations in the US and Canada, supports English, Spanish, and French languages, and is open to every employee (not just official content about the company, but also more human-interest or personal stories as well). HQ will hopefully position themselves to be responsive enough to the feedback from the front lines, and are presumably using this data to drive better decision making around promotions, products, and other initiatives.

It’s also interesting to note that McDonalds reported record year-over-year sales growth for in-store sales, and that this feature is looked to as a way to continue that strong growth by improving internal communications. Not sure if we’d ever see this information, but it would be great to see a case study a year from now on what this program has been able to do for them (did it help vet new product offerings> Did they figure out new operational efficiencies? Were they able to gain insight on local promotions that were successful and transform them into a broader initiative?).

Given that this is an internal move, McDonalds is sidestepping some of the worries and potential pitfalls that blogging can expose companies to:

What if someone says something bad about our company?

What if we get sued for libel?

What if our competitors uncover trade secrets?

Going internal is a good first step before going live to the public. It helps show you what blogging means, what it requires to create great content (often underestimated), and depending on where the blog is targeted it can be a great way to get some feedback and ideas from across the company that otherwise may never have bubbled to the surface.

In McDonalds’ case, though, their Corporate Social Responsibility division had been blogging since January 2006.

Check out their first post:
http://csr.blogs.mcdonalds.com/default.asp?item=124518

They really struggled initially with the best way to use this medium. When you read the comments, you can see the mix of congratulations and criticisms, but most importantly you can also see that no one from McDonalds ever responded to the initial comments:

Lack of personal voice from the author
No way to contact the author
No response to questions posed to the author
Worse still: ...YOUR COMMENT WILL NOT BE DISPLAYED ON THE BLOG UNLESS IT IS APPROVED BY THE AUTHOR."

Not exactly an auspicious start or in line with social media best practices, but establishing this medium and openly embracing this world is definitely a start. Well known blogger Shel Israel posted a great open letter to McDonalds' blog author Bob Langert, about what steps McDonalds could take to make better use of this medium:

http://redcouch.typepad.com/weblog/2006/02/mcdonalds_blogg.html

From the article and to McDonalds' credit, Langert proactively sought out Shel as his biggest critic and solicted feedback on how to make things better. Another great move, but no public comments were ever posted from McDonalds about this, so it's questionable how much this advice was taken to heart. They seemed to have forgotten the fact that blogs are all about conversations to spark debates and new ideas, not veiled PR moments that are positioned to be something they’re really not.

Their CSR blog is a great tale of how you can take the plunge, but you must ensure you're ready to respond publicly to feedback that will arise AND that you're being completely transparent. I'm not sure what fanfare this was launched with, but the fact that there were only 26 comments on the first blog -- coupled with the policy about posts being approved -- makes you wonder how much openness we're actually seeing. Hopefully this new internal program will yield better results.

Friday, March 7, 2008

Top 5 Things to Say about Toshiba's Social Media Q&A Site

I came across an interesting Toshiba-sponsored social media site this week:

http://laptopexperts.federatedmedia.net/





Toshiba offers an "Ask the Experts" Q&A-type website, enabling visitors to pose questions about laptops and get answers from a team of accomplished bloggers throughout the industry. This offering is not limited to questions about Toshiba models only, but includes questions about competitors like HP and Compaq to provide the best service to the site's customers.

Each week, a third-party "expert blogger" answers questions to ensure responses (this is run by a small network of professional bloggers working behind-the-scenes that are NOT Toshiba employees). Other site visitors can also post their own responses directly.

While Toshiba hasn't said anything about how successful this venture is, there's several points worth noting:

1.) Toshiba has limited their content management requirements. It's similar to a message board in that site visitors can ask questions and get responses. It's unique because Toshiba doesn't have to directly answer any of these questions. Instead, they’ve contracted with a team of bloggers across the industry to post responses. Toshiba can (and hopefully will) respond to key questions to better establish themselves as experts in this space, but this is obviously their way to get started while minimizing required resources.

2.) Third-party blogger responses give customers straight answers and builds trust. This is open to all laptops (not just Toshiba), so the answers posted are clearly around solving customer problems throughout the laptop world, not a veiled sales pitch on why customers should buy Toshiba products. Again, this is clearly a branding initiative for Toshiba, not an additional sales channel.

3.) Customer can ask questions from different destinations. Besides asking questions on the website directly, Toshiba has extended their reach by creating banner ads for their ad distribution network, pointing users with questions on other websites back to Toshiba’s site.

4.) Participating in social media can begin by bringing together the right experts and your customers to solve real-world problems. Provided they're giving honest and timely answers, Toshiba adds value by bringing together two different groups to solve tactical problems, and therefore improving their brand's perception in the marketplace. Toshiba’s perception can be further bolstered as Toshiba begins contributing responses directly (in addition to posts from their blogging community), but they've shown that when starting this initiative, there are ways to easily test the waters before jumping into the deep end.

5.) Most importantly, this follows the #1 social media best practice for beginners: Listen, then contribute. Toshiba presumably saw this as a low-risk opportunity to get into this space and gauge the nature of customer questions BEFORE investing significant internal resources. As a bonus, this also positions Toshiba to respond when there are issues about Toshiba products, ensuring they can respond on their own terms and on their own turf, rather than letting these conversations happen without their ability to respond and turning a support call headache into a great marketing moment.

Enjoy!

Seth