social business: an evolution in developing sustainability - mars best practices
DESCRIPTION
A fundamental shift in business communications is taking place. Technology is changing rapidly, real-time discussions are having more impact on business and the global economy is moving toward greater efficiency and austerity. In this environment, it is critical to maximize effective communication and build a sustainable approach to customer retention. Lean startups appreciate that social media is inherently inexpensive. But it is also key to recognize that it takes time and much effort―part of the “sweat equity” that many businesses require. Join us as we discuss developing and implementing a social media and customer relationship management (CRM) business strategy. Learn about building a presence, maintaining a reputation and creating a sustainable business for the long term.TRANSCRIPT
Confidential ArCompany Inc. — February 27, 2013
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Social Business: An Evolution in Developing Sustainability
Prepared for: MaRS Discovery District
February 28, 2013
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we are on the verge of major disruption… fundamental global
changes are happening
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an unstable world economy
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an unstable world economy
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mass customization
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the balance of power is shifting
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employees have no loyalty
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companies are making mistakes
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companies are making mistakes
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reputation is increasingly vulnerable - @BurgerKing
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reputation is increasingly vulnerable
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reputation is increasingly vulnerable - @Jeep
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marketing is dead
the customer is in control
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Value is the New Norm
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we are moving from mass marketing
…at an individual level
…to mass engagement
…among millions at one time
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Start-ups are poised to do this Cost: Ø Nominal marketing
investment Ø Insight tools Ø Research
Ø Employee effort Ø Understanding Ø Desire Ø Consistency Ø Analysis Ø Engagement
Benefits: Ø Improved organic search engine
ranking Ø Increased brand visibility Ø Thought leadership development Ø Comprehensive market insights Ø Increased network opportunities:
partners, clients, amplification Ø Support development of products Ø Gain competitive intelligence Ø Retain clients Ø Sustainability
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conversation data is abundant
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Technology can help us listen to everything
that’s being said about ourselves, our company, our brand…….
But finding that one key, that game-changing insight in a sea of chatter and then actually doing something about it is another story.
David Armano
“
”
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control your message
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news travels fast…search and social are connected
Increasingly, product quality and what a brand stands for are determined by Google
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tell your story from the beginning
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develop thought leadership: Indium Corp
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develop thought leadership: Indium Corp
Ø Content – Contact - Cash
Ø 600% increase in
lead generation from 1 quarter to the next
Ø Social Media sales
leads “are the best leads ever received”
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establish community from the get-go
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advocacy starts with employees
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use video to tell your story: khanacademy.org
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be organized and consistent
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schedule posts ahead of time
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know when people are talking about you
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measure your engagement
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determine the health of your tweets
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be interested and interesting in social
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image footprints - @JESS3
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adapt and allow for co-creation @threadless
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target smartly
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find the right people to follow
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target through conversation
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know your audience
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be relevant
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content is king: from curation….
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…to organized stories
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humanize
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personal stories: Lockheed Martin
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turn detractors into promoters: Harry Winsor and Boeing
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social CRM is about building advocacy and business sustainability
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sCRM: Amplified Old School The Social Way
Main Driver Transaction Conversation Marketing planned, one-way,
Inflexible nimble, hyper-responsible, dialogue, insights
Sales black book and transaction-driven
interaction-based, sourced from insights
Customer Support limited hours, script-based
dynamic, “always on”, multiple platforms
Feedback occasional surveys, quarterly customer insights
multiple platforms that feedback into Sales, Marketing, Support in real time
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Thank you
@hessiejones
647-999-2348