What are the benefits of becoming a social business?

In most of the visits I do with companies on social, the big question I get asked is what is the benefit of becoming a social business? 

Here are a few great benefits that I see:

  • Stronger employee engagement.   Stronger employee engagement leads to great client engagement.  In a social business, employees are smarter, more loyal, and engaged because their organization uses social networks, collaboration systems and shared messaging services. 
  • Great talent in and around!  A "social" approach enables employees around the world to tap into each other’s expertise and connections. Companies can attract top talent and give employees the social tools they need to work together. Executives can layer analytics on top of social technologies to make sure their companies have the right skills and expertise to meet market demands.
  • Exceptional client service.  A social business is also one where customer service is exceptional because the company reaches out to customers through social networks, Twitter and blogs in innovative ways and acts on the insights it pulls together about consumers.   That way, customer service teams have the insights and the analytics they need to predict and resolve problems before they happen.
  • Personalized.   Value in a Social Business is created not for 'market segments' or demographics but for individuals.  Companies can dish up more targeted offers to customers and respond more quickly to their problems. R&D can gain new sources of inspirations and insight from customers and employees so that the products customers want are the ones that get to market ... customized to their particular need, even made to order!

What are your thoughts on the value you see in Social?


Video blog from Social Business Coffee Break Series! Social Selling!

Happy Monday!

Today in our Social Business Coffee Break series we will focus in on the value of using social in your sales process.

I'd love your thoughts as well!

[youtube=http://www.youtube.com/watch?v=qQdKGyCit0s&feature=youtu.be]


Welcome to Social Business all you Pragmatics!!! A Video Blog!

Welcome to our Social Business Coffee Break !!! I am welcoming all you pragmatics to the social era!

Trying to get adoption and use of social from these folks are very different for companies than the leaders and visionary!

I'd love your thoughts!

[youtube=http://www.youtube.com/watch?v=WTJ1z_DeDqU&feature=youtu.be]


Very cool Social tool for Women in Businesses - the Women's ToolBox !

I have been fortunate to meet an incredible group of women through my professional and organizational roles, and one person who shares my passion for expanding opportunities would like to encourage more women to connect with each other and access great resources through her organization, The Women's Toolbox. Janet Powers, the Chief Executive Connector, will -- in her own words -- help you FIND Your Voice, SHARPEN Your Skills, SHARE Your Expertise and EXPAND Your Network. Its tagline (“Practical Advice for Busy Business Women”) illustrates its mission is to empower, educate, and entertain women.

I had the opportunity to talk with Janet at a lunch I hosted for female executives during our recent global customer event IBM Connect, and she suggested we work together in our support of women's empowerment. As part of her commitment, I am excited to share that if you become a new member of The Women's Toolbox, for a limited time you will receive a copy of my book, Get Bold: Using Social Media to Create a New Type of Social Business. I hope you will learn more about the resources available from Janet's organization, and that you will share the opportunity to participate with the women in your networks as well.

Join online at

http://womenstoolbox.com/join-today/.


Does Social Require you lose control (of your brand?!)

Is losing control of your brand a good thing or a bad thing?

We are used to operating with the idea that we have to protect the brand.   How do we lose control of our brand so that our customers have a role in shaping our brand as much as we do?

Well, we know that your brand is not what you say it is, but what everyone else decides.  Social enables you to influence your brand and engage where and how others want to talk.   You can identify and engage influencers and unleash your employees as a “digital army” by building  with customers and convert them to brand ambassadors

If you use Social Analytics to identify needs in the marketplace for specific products, features, or process enhancements by listening and this could allow you to tweak your brand value prop.   Leveraging crowdsourcing to engage employees, partners, and even customers in innovation discussions increases the number and sources of new ideas; but also enables the best ideas to become more visible and mature through collaboration.

I LOVE having brands be leveraged by clients is great -- and I don't think that it is anything new.   Companies now orchestrate and can shape the brand not based on what we are selling but on their character, their interactions, their experiences.

Check out our IBM CMO Jon Iwata!

[vimeo http://vimeo.com/62205426]


Social Business Governance: Relationship over Rules

I have been meeting with a lot of clients and see a lot of discussion around governance and structure required.   In a survey done in 1Q 2013, we see 2.7X the focus on developing social business governance. 
 
Because there is no natural organizational owner of “social,” an effective governance structure must balance  responsiveness and inclusiveness. 

Being inclusive means engaging stakeholders early and broadly to build shared understandings and expectations.  Responsiveness provides for clear accountability and speed in decision making.  The  challenge is to build governance structures and processes that accomplish both.

Having a relationship with your employees not just rules makes a huge difference in how successful you are!

Achieving the transformative value of becoming a Social Business involves connecting all parts of the organization (including channels, partners and customers) in new ways.  It often requires quite new ways of managing people, flatter organizations, and significant cultural change.  While becoming social provides individual flexibility, it’s important that the change achieves the unifying value for the company  of the new goals and culture. 

A strong governance program facilitates coordinated change.  The governance is led by two complementary leadership groups who’s members include the major “organizational structures” (e.g., LOBs, Finance, Supply Chain, HR, Channel Management,  …). 

The first, the Executive Sponsor Group, defines the strategic linkage and goals   of becoming a social business.  Members are leaders across the organization.  The second is a Digital Council.  These are executives who are responsible for the organization-wide, execution creation of the Social Business plan.  The representatives are often the social business leaders in their respective LOBs and functional areas, which ensures focus on the vertical and horizontal needs.

governance

The Digital Council focuses on the key areas of a social program:

  • Community Management – Provides a common approach to drive change and adoption at and across the LOB and functional level.  It includes actions like community management, Content Management, community analytics, and best practices.  While the focus is value at the  LOB / functional level, the governance processes has a Center of Excellent that shares best practices to create a common social voice and approach across and outside the organization. 
  • Metrics and Measurement -  Covers all elements of data and measurement.  Starts with analytics / listening to guide the where and how to engage socially.  This includes internal analytics of social networks, expertise, and projects, as well as the external listening and analytics.  This group also is responsible for creating and automating the overall program measurements to track success, progress on the plan, and social return.
  • Reputation and Risk Management – Focuses on 3 main areas:  1. regulatory risk and compliance(if relevant),  social record retention for general discovery, and other legal and financial risks;    2. policies, guidelines and processes for the organization and associates to participate in social media (for example, IBM’s Social Computing Guidelines); and    3. proactively managing the organization’s reputation and having a defined plan to respond to various levels of negative media or emergencies.
  • Standards – This group focuses on process and technical standards for a social business.  While LOBs, major business functions, etc. require the freedom to build their social programs tailored to their needs, the Standards group ensures that the overall company can be nimble in connecting across boundaries in ways not always anticipated.  Standards for brand and ways of connecting with partners, channels, clients, etc. ensure that the company is viewed as coordinated and focused on needs vs. a “collection of parts.”   On the technical side, a common social business framework enables the new ways of working.

 

 

 


Social Business Adoption Best Practice #9: Brand Army!

Happy Monday and grab that coffee!!!

Today's Social Business Coffee Break is about forming that important Brand Army!

Let me know your thoughts!

[youtube=http://www.youtube.com/watch?v=4vN8JO6lmvg&feature=youtu.be]


Social Business Coffee Break! Adoption Best Practice: Reverse Mentoring

Happy Monday!   This is our 8th Best Practice for Social Business Adoption.

It is all about Reverse Mentoring -- a great best practice!

Tell me what you think!

http://tinyurl.com/aptbknh