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Imagine if you owned brand management … Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 2 http://www.youtube.com/watch?v=CvVp7b5gzqU
As of May 4th, 2010 Copyright © Open Text Corporation 2008 - 2010. All rights reserved. 3
Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 4 What are the risks? ,[object Object]
 Loss of control
 Negative publicity
 Network effect
 Organization
Key metrics
Policy
 Productivity loss
Compliance
 Doing nothing,[object Object]
Need for metrics
Policy Do you have an employee social networking policy? Corporatecompliance.org, August 2009
Productivity loss 77% of workers have a Facebook account Of those workers with Facebook accounts, nearly two-thirds access Facebook during working hours Those who access Facebook at work do so for an average of 15 minutes each day 87% of those who access Facebook at work couldn't define a clear business reason for using it 	2009, Nucleus Research Study
Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 9 Governance, Risks & Compliance
Risk: cost of doing nothing Becoming expected “cost-of-entry” for demanding consumers and users of the Web Not part of the dialogue that’s happening with or without being involved Access to competitive/competitor’s conversations Loss of ability to respond to your constituents Ability to influence conversation Loss of opportunity to retain customers with negative experience/loss of opportunity to win new customers
Executive reluctance Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 11 http://www.imdb.com/video/screenplay/vi3195601689/
Social media is not a strategy, it should support a strategy.
An opportunity to transform the organization
Keep in mind; we’ve been here before Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 14 http://www.youtube.com/watch?v=mcskckuosxQ
Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 15

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Web 2.0 2010 - Navigating the Risks and Reaping the Rewards of Social Media

  • 1.
  • 2. Imagine if you owned brand management … Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 2 http://www.youtube.com/watch?v=CvVp7b5gzqU
  • 3. As of May 4th, 2010 Copyright © Open Text Corporation 2008 - 2010. All rights reserved. 3
  • 4.
  • 5. Loss of control
  • 13.
  • 15. Policy Do you have an employee social networking policy? Corporatecompliance.org, August 2009
  • 16. Productivity loss 77% of workers have a Facebook account Of those workers with Facebook accounts, nearly two-thirds access Facebook during working hours Those who access Facebook at work do so for an average of 15 minutes each day 87% of those who access Facebook at work couldn't define a clear business reason for using it 2009, Nucleus Research Study
  • 17. Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 9 Governance, Risks & Compliance
  • 18. Risk: cost of doing nothing Becoming expected “cost-of-entry” for demanding consumers and users of the Web Not part of the dialogue that’s happening with or without being involved Access to competitive/competitor’s conversations Loss of ability to respond to your constituents Ability to influence conversation Loss of opportunity to retain customers with negative experience/loss of opportunity to win new customers
  • 19. Executive reluctance Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 11 http://www.imdb.com/video/screenplay/vi3195601689/
  • 20. Social media is not a strategy, it should support a strategy.
  • 21. An opportunity to transform the organization
  • 22. Keep in mind; we’ve been here before Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 14 http://www.youtube.com/watch?v=mcskckuosxQ
  • 23. Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 15
  • 24. Rupert Murdoch knows “Success in the online world will, I think, beget greater success in the printed medium. … By listening more intently to our readers.” From his address to the American Society of Newspaper Editors (April 13, 2005)
  • 25. Universal Studios: Harry Potter Theme Park From 7 to 350million
  • 27. Idea Details, Rating, Comments, Send to Friend
  • 28. Stelter’s community Copyright © Open Text Corporation 2008 - 2010. All rights reserved. Slide 20
  • 29. 185 registered users Additional sends on days marked with white rockets Stelter’s goal: 100 registered users
  • 30. Social marketing maturity cycle “Most” major Companies are around here – or are trying to be… Communication Expertise Engagement Community Co-Creation Service Support Communication Expertise Engagement Community Service Support Sales Advocacy Communication Expertise Engagement Community Service Support Sales Advocacy Social CRM Self-service Communication Communication Expertise Engagement Community Micro blogging Social Brand Pages Yahoo! Answers Community Participation Corporate Blogging Tools & Information Sponsored Communities Corporate Responsibility Sponsored Conversations Crowd Sourced Innovation Social Q&As Customer Assistance Service as Marketing Social Lead Generation Sales or Employee Advocacy Content Distribution Adaptive Selling Social Commerce Integrated Support Customer-based distribution Community/problem driven sales
  • 31.
  • 32.
  • 33. Initiate small campaigns – a blog, forum, twitter feed, video, etc.
  • 34.
  • 36.
  • 38.
  • 39. Identify needs where your targets are, what they talk about, and where we can add value
  • 40.