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The Five Ws of
Corporate Social Media
         April, 2011
     by Doug Lacombe, MBA
Agenda

•  The Five Ws of social media
  –  Who
  –  What
  –  Where
  –  When
  –  Why
•  And how …
•  Q&A
Social Media Revolution
 http://www.youtube.com/watch?v=lFZ0z5Fm-Ng
Is anybody out there?

WHO?
American public
Trends – Fortune 100




http://www.burson-marsteller.com/Innovation_and_insights/blogs_and_podcasts/BM_Blog/Lists/Posts/Post.aspx?ID=254
Trends – Fortune 100




http://www.burson-marsteller.com/Innovation_and_insights/blogs_and_podcasts/BM_Blog/Lists/Posts/Post.aspx?ID=254
Trends – Investor Relations




http://www.brunswickgroup.com/Libraries/Reports/Digital_Media_2010_FINAL.sflb.ashx
Trends – Business Journalists




http://www.brunswickgroup.com/Libraries/Reports/Social_Media_-_among_busmedia_web_version_zls.sflb.ashx
Types of social media

WHAT?
Content versus engagement

Storage        Conversation
Relationship to mainstream media

WHERE?
Trends
Media Types




Paid	
  media	
     Earned	
  media	
     Owned	
  media	
  
Social Media Adoption Curve
                                                                                                         • collabora&on	
  


                                                                                    • rela&onships	
  


                                                                • par&cipa&on	
  
                                            • broadcast	
  
                                                                                     • take	
  value	
  →	
  add	
  value	
  
                         • observa&on	
  
     • educa&on	
                                 • 1-­‐way	
  →	
  2-­‐way	
  




                                            • social	
  media	
  experience	
  
• November	
  2008	
  
The “big six”

Storage          Conversation
Is the timing right?

WHEN?
Now!

•  Low risk in early pilot projects
•  Secure brand before gold rush over
•  Lurking = market research
•  Make mistakes while audience relatively
   unsophisticated
•  Take part in shaping public opinion
•  Access to labour, capital
•  Must do pre-flight checklist if nothing else
Can’t we sit this out?

WHY?
Common objections

•  “Our audience isn’t on social media”
•  “We don’t sell to consumers”
•  “People will say mean things”
•  “We don’t have time/resources to deal with
   social media”
•  “IT won’t let us”
Econ 101




http://www.ingenesist.com/general-info/factors-of-production-for-an-innovation-economy.html
Land




http://www.theglobeandmail.com/globe-investor/shale-gas-play-a-no-mans-land-in-quebec/article1935124/
Labour




http://recruiting.jobvite.com/resources/social-recruiting-survey.php
Capital




http://www.q4blog.com/2010/07/30/infographic-public-company-use-of-social-media-for-investor-relations/
Where do we start?

HOW?
Safety first before you engage …

PRE-FLIGHT CHECKLIST
Pre-flight B.U.M.P.

•    Brand
•    Understand
•    Monitor
•    Policy
Organize your crew

STAFF
Flight crew




http://www.web-strategist.com/blog/2010/04/15/framework-and-matrix-the-five-ways-companies-organize-for-social-business/
Plan your flight

STRATEGY
Strategy
Hub & Spoke




http://www.n5r.com/blog/bid/52188/Blog-vs-Facebook-Which-Should-Be-Your-Social-Media-Hub
Use your instruments

MEASURE
Takeoff
•  Pre-flight checklist:
   –    Secure your brand
   –    Understand and train your staff
   –    Buy a monitoring service
   –    Develop a policy
•  Develop your POST framework:
   –    People & stakeholders
   –    Objectives, KPIs, & Measurement
   –    Strategy
   –    Technology & Workflow
•  Editorial calendar
•  Measure, assess, refine
Questions?

    Doug Lacombe
doug@communicatto.com

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The Five Ws of Corporate Social Media