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10 Ways to Prove the Business Value of Social Michelle Caldwell Director of Collaboration Avanade
29

10 Ways to Prove the Business Value of Social

Jul 15, 2015

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Page 1: 10 Ways to Prove the Business Value of Social

10 Ways to Prove the Business Value of Social

Michelle Caldwell

Director of Collaboration

Avanade

Page 2: 10 Ways to Prove the Business Value of Social

DIRECTOR &

REGIONAL

LEAD

Michelle Caldwell

[email protected] @shellecaldwell shellecaldwell.com

Page 3: 10 Ways to Prove the Business Value of Social
Page 4: 10 Ways to Prove the Business Value of Social

“Yammer has increased clarity of purpose and vision at ACT Conferencing. It has eliminated unnecessary filters and given us a way to communicate.”

Mark Kelly — President & COO, ACT Conferencing

Social: A new way to do business

Page 5: 10 Ways to Prove the Business Value of Social

Value of Networks

• Technical networks almost as effective as in person training

• Communities of Practice also valuable

APQC 2014 Study

Page 6: 10 Ways to Prove the Business Value of Social

If your organization is…• Geo-distributed

• Chrono-distributed

• Large in size

• Rife with unbrowseable content

• In need of velocity

• Wishing to preserve context

• Favorable to crowd-sourcing

• Attracting/retaining millennials

You have a business case for Social.

Page 7: 10 Ways to Prove the Business Value of Social

Why Enterprise Social Initiatives Fail

According to Gartner 90% of Enterprise Social initiatives fail because they follow the worst practice approach of “provide and pray”

IT unaware of the level of use of the social networks until usage hits critical mass and may know nothing about the tools being used

Page 8: 10 Ways to Prove the Business Value of Social

Defining Success – IT Depends

• Corporate Culture

• Use Cases Implemented or Targeted

• Tool Maturity and Usage

• Changes over time

Page 9: 10 Ways to Prove the Business Value of Social

Getting Started

Areas to focus on initially

• Speed up information sharing

• Expertise sharing

Page 10: 10 Ways to Prove the Business Value of Social

› Ask questions and find answers faster

› Save time by sharing great projects and preventing duplicate work

› Meet colleagues with similar interests and relevant expertise

› Share news and announcements with the people who need to know

› Discuss major decisions and prepare for change

› Gather opinions and ideas from across the company

What Can I Do With Communities…

Page 11: 10 Ways to Prove the Business Value of Social

› Coordinate work for projects and teams

› Gain visibility and insight on what’s happening, and where

› Introduce new hires and get them up to speed quickly

› Discover valuable information that can help you get more done

› Stay connected on-the-go with Yammer mobile apps

› Build technical expertise & organic knowledge bases

What Can I Do With Communities…

continued

Page 12: 10 Ways to Prove the Business Value of Social

Continuing Success Trajectory Focus on Specific Use Cases:

• Support introduction of new products

• Formalize Innovation

• Improve knowledge transfer

• Enhance customer knowledge

• Enable more flexible product and service pricing

• Improve Customer retention

• Support establishment for customer communities

• Support for continuous improvement

• Flatten management hierarchy

Page 13: 10 Ways to Prove the Business Value of Social

Reaping the Rewards

Areas of potential payback

• Reduce level of hardware investment

• Reduce inventories on hand

• Reduce staff

• Reduce travel costs

• Reduce communication costs

• Less need for specialized staff

• Direct cost savings

Page 14: 10 Ways to Prove the Business Value of Social

Measuring Value – Proving Success

Quantitative Measures:

• Number of Comments

• Number of blog posts

• Number of visits to blog posts

• Number of ratings

• Number of likes

• Number of images uploaded

• Top hashtags used in posts

• Dates and times of day of highest activity

Page 15: 10 Ways to Prove the Business Value of Social

Measuring Value – Proving SuccessQualitative:

• Analyze the comments – what do they tell us?

• Which posts have the most comments and why? Highest ratings, most likes? Most controversy? Who is commenting?

• What type of images are uploaded? How are they tagged? What is the business context?

• What are the top hashtags related to?

Page 16: 10 Ways to Prove the Business Value of Social

Measuring Value – Proving Success ….cont.Qualitative:

• Analyze the comments – what do they tell us?

• Analyze number of images uploaded

• Top hashtags used in posts

• Dates and times of highest activity – analyze this to understand when to most effectively engage your audience for the best results.

Page 17: 10 Ways to Prove the Business Value of Social

Network Maturity and Business ValueAs the network matures the blend of where you focus effort will change:

• Employee Connections• Culture Initiatives• Sharing Industry Articles &

News

• Replace Meetings• Team & Department FAQs• Employee Recognition

• Any business-related function or task done more efficiently

• Co-creating content• Sharing best practices & lessons

learned (communities)

Experimenting Evolving EstablishedAdapted from Yammer

Page 18: 10 Ways to Prove the Business Value of Social

A Starting Point in Measuring MaturityMeasure Experimenting With

New ToolEvolving Use Across

OrgEstablished as a Way of

WorkingEverywhere

Network Engagement(in this category the metrics are additive to each stage)

Number of Active Users* acceleration of sign ups

Active User Growth

Identified Influencers

Total Network Activity Level (posts + comments + likes + follows of all users in last 30 days)

User Coverage Gaps (interactive users by sub-organization)

Topics/Groups/Communications (in this category the metrics are additive to each stage)

Core groups created by motivated few

Active users creating new structures

Virtual Town Halls show leadership participation

External networks are created for regular customers/ partners/suppliers

Communities of practice connect difference parts of org

Structuring around business processes as well as intersections of communities of practice becomes more prevalent

Active Users = >1 interaction in last 30 days Interaction = joining a group, posting, liking,

commenting or following

Page 19: 10 Ways to Prove the Business Value of Social

A Starting Point In Measuring

Maturity…continuedMeasure Experimenting With

New ToolEvolving Use Across

OrgEstablished as a Way of

WorkingEverywhere

Place in Technology Stack

New Tool Tool for conversations

The ‘which tool when’ discussion happens

“Tool” discussion morphs into how to improve flow of communications/work

No email days regularly occur

Social layer –integrating and bringing content to line of business apps

Capture of Success Stories

Have to solicit use cases to demonstrate value

Power users tag wins as part of normal business

Every member recognizes to tag wins small or large

Wins occur regularly at ESN is part of the way business is done

Scoping Starting small, project or team trying it out as better way to get work done

Springs up in multiple teams/projects, sporadic use across business units/functions

Connections across units forming, looking for reuse & duplicative efforts/projects

Way things are done internal service providers model shifts to use as key delivery channel

Page 20: 10 Ways to Prove the Business Value of Social

European Commission

Page 21: 10 Ways to Prove the Business Value of Social

ABBLeader in Power & Automation Technologies

150,000 employees globally

Over 50,000 using Yammer in 80 countries

Largest community is 2300 members in OPEX and Product Management

Page 22: 10 Ways to Prove the Business Value of Social

Aon

70,000+ colleaguesStarted with 19,000 active users

Page 23: 10 Ways to Prove the Business Value of Social

• Integrated approach to knowledge sharing

• Bite size pieces, add individual solutions together

• Great networks take a village

• Group moderation – peer pressure is very effective

• Custom solutions may be around for a long time

• Communications to launch solutions very important

Success Factors

Page 24: 10 Ways to Prove the Business Value of Social

Identifying Use Cases

• Tap into tenets of your organization

• Business value questions

• Objectives align with your business results

• Proactively provide hard and soft metrics

• Identify role of IT – opportunity to change relationship

Page 25: 10 Ways to Prove the Business Value of Social

Find Scenarios that have a Compelling Business Case

25

Safety &

Sustainability

Shareholder

ValueProduction/

Volume & Cost

Agility

Workforce

Effectiveness

Productivity

Cost efficiency

People

Engagement

Employee

Pipeline

Value Levers

• Reduce time searching for information

• Reduce time re-inventing deliverables

• Increase time spent on higher value-added tasks

• Reduce travel costs

• Reduce time/cost to upgrade skills

• Reduce cost of knowledge drain when employees

leave

• Create employee communities that build

relationships

• Socialise business ideas and foster innovation to

drive business effectiveness

• Enable employee self service

• Become employee of choice with a collaborative

culture

• Reduce time and effort to find key information and

SMEs

• Help employees make better business decisions

• Reduce error rates and misinformation

• Become employee of choice with effective safety

culture

Value RealizationObjectives

Page 26: 10 Ways to Prove the Business Value of Social

Spectrum of Scenarios

Scenario 1

Scenario 2

MakingMeetings

Better

Support New

Systems

Scenario 3

Source: ManyWorlds

Page 27: 10 Ways to Prove the Business Value of Social

Beginning Social CommunitiesIdentify the Other (Informal) Leaders Willing to Go the Distance

Metric: Core group of key people who will support journey.

The Edges Define the Middle

Metric: Number and type of use cases expressed by different parts of the organization.

Engaged Users

Metric: Number of engaged users.

Track Serendipitous Success

Metric: Number and type of #esnwins.

Showcase a New Form of Collaboration to Management

Metric: Types and numbers of engagement activities.

Page 28: 10 Ways to Prove the Business Value of Social

Engage Users in Shared Spaceswww.StreamingItOutLoud.com – Free app for YammerStream Yammer feeds for events, communications & communities

Page 29: 10 Ways to Prove the Business Value of Social

Synxi.com – Expertise & Knowledge Discovery for SharePoint 2010, 2013 & YammerPosts Most Relevant to You

Expertise (based on the post and relevant expertise levels derived from users’ actual actions and interactions)

Contextualized Knowledge Discovery(based on the context of the specific post and your interests)

synxi ®