MaRS Discover District: Social Business: An evolution in developing sustainability

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A MaRS Best Practices Presentation: 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. - See more at: http://marscommons.marsdd.com/events/social-business-an-evolution-in-developing-sustainability/

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Confidential ArCompany Inc. — February 27, 2013

Slide · 1

Social Business: An Evolution in Developing Sustainability

Prepared for: MaRS Discovery District

February 27, 2013

Confidential ArCompany Inc. — February 27, 2013

Slide · 2

we are on the verge of major disruption… fundamental global

changes are happening

Confidential ArCompany Inc. — February 27, 2013

Slide · 3

an unstable world economy

Confidential ArCompany Inc. — February 27, 2013

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an unstable world economy

Confidential ArCompany Inc. — February 27, 2013

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mass customization

Confidential ArCompany Inc. — February 27, 2013

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the balance of power is shifting

Confidential ArCompany Inc. — February 27, 2013

Slide · 7

employees have no loyalty

Confidential ArCompany Inc. — February 27, 2013

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companies are making mistakes

Confidential ArCompany Inc. — February 27, 2013

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companies are making mistakes

Confidential ArCompany Inc. — February 27, 2013

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reputation is increasingly vulnerable - @BurgerKing

Confidential ArCompany Inc. — February 27, 2013

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reputation is increasingly vulnerable

Confidential ArCompany Inc. — February 27, 2013

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reputation is increasingly vulnerable - @Jeep

Confidential ArCompany Inc. — February 27, 2013

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marketing is dead

the customer is in control

Confidential ArCompany Inc. — February 27, 2013

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Value is the New Norm

Confidential ArCompany Inc. — February 27, 2013

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we are moving from mass marketing

…at an individual level

…to mass engagement

…among millions at one time

Confidential ArCompany Inc. — February 27, 2013

Slide · 16

Start-ups are poised to do thisCost:

Nominal marketing investment Insight toolsResearch

Employee effortUnderstandingDesireConsistencyAnalysisEngagement

Benefits: Improved organic search

engine ranking Increased brand visibility Thought leadership

development Comprehensive market insights Increased network

opportunities: partners, clients, amplification

Support development of products

Gain competitive intelligence Retain clients Sustainability

Confidential ArCompany Inc. — February 27, 2013

Slide · 17

conversation data is abundant

Confidential ArCompany Inc. — February 27, 2013

Slide · 18

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

Confidential ArCompany Inc. — February 27, 2013

Slide · 19

control your message

Confidential ArCompany Inc. — February 27, 2013

Slide · 20

news travels fast…search and social are connected

Increasingly, product quality and what a brand stands for are determined by Google

Confidential ArCompany Inc. — February 27, 2013

Slide · 21

tell your story from the beginning

Confidential ArCompany Inc. — February 27, 2013

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develop thought leadership: Indium Corp

Confidential ArCompany Inc. — February 27, 2013

Slide · 23

develop thought leadership: Indium Corp

Content – Contact - Cash

600% increase in lead generation from 1 quarter to the next

Social Media sales leads “are the best leads ever received”

Confidential ArCompany Inc. — February 27, 2013

Slide · 24

establish community from the get-go

Confidential ArCompany Inc. — February 27, 2013

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advocacy starts with employees

Confidential ArCompany Inc. — February 27, 2013

Slide · 26

use video to tell your story: khanacademy.org

Confidential ArCompany Inc. — February 27, 2013

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be organized and consistent

Confidential ArCompany Inc. — February 27, 2013

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schedule posts ahead of time

Confidential ArCompany Inc. — February 27, 2013

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know when people are talking about you

Confidential ArCompany Inc. — February 27, 2013

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measure your engagement

Confidential ArCompany Inc. — February 27, 2013

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determine the health of your tweets

Confidential ArCompany Inc. — February 27, 2013

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be interested and interesting in social

Confidential ArCompany Inc. — February 27, 2013

Slide · 33

image footprints - @JESS3

Confidential ArCompany Inc. — February 27, 2013

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adapt and allow for co-creation @threadless

Confidential ArCompany Inc. — February 27, 2013

Slide · 35

target smartly

Confidential ArCompany Inc. — February 27, 2013

Slide · 36

find the right people to follow

Confidential ArCompany Inc. — February 27, 2013

Slide · 37

target through conversation

Confidential ArCompany Inc. — February 27, 2013

Slide · 38

know your audience

Confidential ArCompany Inc. — February 27, 2013

Slide · 39

be relevant

Confidential ArCompany Inc. — February 27, 2013

Slide · 40

content is king: from curation….

Confidential ArCompany Inc. — February 27, 2013

Slide · 41

…to organized stories

Confidential ArCompany Inc. — February 27, 2013

Slide · 42

humanize

Confidential ArCompany Inc. — February 27, 2013

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personal stories: Lockheed Martin

Confidential ArCompany Inc. — February 27, 2013

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turn detractors into promoters: Harry Winsor and Boeing

Confidential ArCompany Inc. — February 27, 2013

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Confidential ArCompany Inc. — February 27, 2013

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Confidential ArCompany Inc. — February 27, 2013

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Confidential ArCompany Inc. — February 27, 2013

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social CRM is about building advocacy and business sustainability

Confidential ArCompany Inc. — February 27, 2013

Slide · 49

sCRM: AmplifiedOld 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

Confidential ArCompany Inc. — February 27, 2013

Slide · 50

Thank you

hessie.jones@thearccompany.com

@hessiejones

647-999-2348

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