This is the second annual New Symbiosis of Professional Networks research study. In this study we examined the role of social media on decision-making among enterprise users and explored the dynamics of trust as well as the value of engagement and collaboration to support decision making and innovation across company operations for internal and external purposes.
This research explores the following questions:
•Is social media regarded as a trustworthy source of information for professionals?
• What do enterprise decision makers value most when interacting with peers through social media and social networks?
•How do enterprise decision makers use social media to gather information, advice and support peer collaboration; and how do they compare to traditional off-line networking and knowledge share?
•What tools and sources of social media are relied upon by professionals to make decisions?
•Will social media change the business and practice of enterprise-level operations (internal and external)?
•How do business leaders use social media for customer engagement/support; innovation of products and service; employee engagement; strategy development; sales and marketing?
•What has changed since 2009 in terms of social media usage and trust among professional decision-makers
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The New Symbiosis of Professional Networks: 2011 SNCR Study Results
1. THE 2010 NEW SYMBIOSIS OF
PROFESSIONAL NETWORKS
STUDY RESULTS
DON BULMER, SAP
VANESSA DIMAURO, LEADER NETWORKS
PETER AUDITORE, SAP
2. About This Study
Focus of the study:
Users of online professional networks
Examination of current use of online professional networks
Online preferences
Changes and predicted changes in use of online professional networks
Sample composition:
The survey “The New Symbiosis of Professional Networks” was administered online to 114 participants
Participants were notified through blogs and direct email invitation by study sponsors
Close to two in ten (18%) respondents identified themselves as the CEO of their organization, with close to half
identifying themselves as a “Director” (20%) or “Manager” (24%)
Company size ranged from less than 100 to over 50,000 full-time employees
Age was well distributed with the greatest proportion in the 36-45 range
10 countries were represented, with 76% of respondents living in the US
All respondents were either the decision makers or influenced the decision maker
2
3. 4 Key Research Findings
Thought Leadership is the new currency of online professional
collaboration.
• Business professionals are changing how they collaborate as a result of online professional communities
and peer networks.
• Social networks have evolved to become knowledge and communication networks.
• Access to thought leadership content is now the #1 reason why professionals surveyed visit networks
and communities.
• Professionals are collaborating with each other visa vie the thought leadership content they generate,
curate or share. No longer is collaboration an experience between a limited number of people.
The collaboration recipe = 1 to 2 large networks + 1 to 2 niche
communities
• While nearly all professionals surveyed (97%) use LinkedIn, the use of smaller (niche) professional
network are activity being used to find peers and content specifically related to the work that they do (by
role, industry, geography, etc.).
• Professionals are finding the right mix of large open networks and private communities to support their
learning, networking and decision-making activities.
Social Business is starting to happen within professional
communities of practice
• Professional communities are being used more frequently to inform business strategy and supporting
new products and services (much more than in 2009).
• 80% of respondents are able to accelerate decision process and information/strategy development by
participating in communities.
Professionals share and consume quality content within their
professional networks as a way of exerting influence
• Endorsement (via like, read, share, retweet) is at the center of collaboration in social media
communities.
•“The Crescendo Effect” in social media environments has great impact on the buying decision. High
quality content yields transparency and credibility.
• Professional collaboration is changing from a small professional exchange into an interaction with
content in public ways. The consequence of sharing content online = influence
3/7/2011 3
5. The “Big Three” Networks Remain Constant From 2009 To 2010, But
Facebook Is Losing Significant Ground
– Essentially all respondents indicated that they use LinkedIn
– One third of respondents also mentioned Facebook, while just over two in ten mentioned Twitter
– Hundreds of other networks were mentioned, many by only one or two respondents
Top Professional Networks
92%
LinkedIn
97%
40%
Twitter
33%
51%
Facebook
20%
13%
Plaxo
5%
0% 20% 40% 60% 80% 100% 120%
2009 2010
n= 113 Question: What are the top three online professional networks that you use? (Open Response) 5
6. Professionals Have Chosen Their Online Professional Networks
- The age of professional networking experimentation is starting to end, as professionals have stabilized on the
number of networks they participate in over the past two years.
- 3-5 is the range of online professional networks that decision makers participate in. This is up by five percent
over 2009 study (55% of respondents in 2010 they participate in 3-5 networks)
- 68% of professionals surveyed report that they are satisfied with the communities that they have chosen to join.
Question: How many ONLINE professional networks do you Question: Generally, how satisfied are you with your experience using online
participate in (e.g. Industry-specific communities, Linked-In, professional networks?
professional discussion forums, online customer support groups,
etc.)?
n= 114 Note: Those who indicated that they do not participate in any online professional networks were excluded from the study 6
7. Mobile Devices To Access Professional Networks are On The Rise:
59% of Respondents Use them To Access Professional Networks
– Essentially all respondents access social networks on a PC or Mac and about 6 in 10 respondents in
2010 access a professional network using a mobile device
– 2010 showed a significant increase in the use of mobile devices to access online networks (15%)
increase. 59% of respondents access online networks via mobile devices (vs. 44% in 2009).
n= 114 7
8. And Apple Is The Preferred Mobile Device
– Apple is dominate as the mobile device of choice that people use to access online networks (67%)
followed RIM/Blackberry (37%) and Android devices (15%)
Quick Facts about Mobile
• At the time the study was
conducted, the iPad was in the
market only 6 months
• In 2009 there were 180 iPhone apps
for social networking, in 2010 there
were 736 social networking apps for
iPhone/iPad
n= 67
8
9. The Majority Of Professionals Use Online Networks Daily To Inform
Their Work
– 80% of respondents access social networks one or more times a day with change in use increasing for
88% of respondents over the last three years
– More than four in ten visit professional networks many times each day
n= 110 Question: On average, how often do you visit the networks or communities you belong to? 9
Question: How has this changed over the last three years?
10. Many Professionals Use A Combination Of “Big Three” Networks Plus
Smaller, Selective Online Communities
– Almost all respondents participate in large public networks or communities
– Two thirds participate in open social media networks such as Twitter or Yelp
– About half participate in midsize or specialized communities
n= 114 10
11. And They Prefer To Engage Deeply With Peers In A Few Networks
– Most respondents were split evenly between preferring to deeply experience a limited number of
networks and joining many networks but only participating heavily in a few
n= 101
11
12. Professionals Value Online Communities To Connect and Compete
– Networks have evolved to become trusted environments for relationship management and decision
support
– Most respondents find value in establishing or increasing their professional network and in increasing
competitive brand monitoring and positioning
– Significantly more professionals value professional networks for monitoring competitive brands over
their own company brand
Top Three Benefits Of Online Community Participation
n= 114
12
13. Thought Leadership Content Is Central In The Use of
Professional Networks As Business Decision-Making Platforms
- Gaining access to thought leadership is the top reason that respondents visit online networks and
communities (keeping track of peers ranked #1 in purpose for 2009)
- 80% of respondents are able to accelerate decision process and information/strategy development by
participating in communities via access to thought leadership
- People collaborate for need not for speed as reduce travel costs is the least popular reason in 2009 &
2010
13
n= 98
14. Search Engines Are Used More Frequently Than Company Web Sites to
Inform Business Decision-making
– The overwhelming majority of respondents (87%) conduct research via search engines to inform
decision-making
– The value of a company website as a destination for supporting/informing a decision has dropped by
half from 2009 but still ranks #2 (43%)
– Online professional networks and communities are now equal in importance to the corporate website to
support decision-making
Top Three Online Steps Typically Taken To Inform Your Decision-making
Community and website
share relative rankings
14
n= 98
15. Sources Of Influence Are More Concentrated Online:
Professionals Are Consuming More And Creating Less Content
– About eight in ten respondents listen to or read information on their professional networks, and this is
the top activity for two thirds of respondents
15
16. High Levels Of Trust Exists For Information Received via
Professional Networks
– Three quarters of respondents rely either lightly or heavily on professional networks to support business
decisions. This is consistent with 2009.
– Reliance has increased for essentially all respondents over the past three years, and increased
significantly for about four in ten respondents
Reliance On Professional Networks Change in Reliance On Professional Networks
2009
2010
n= 95 Question: How much do you rely on professional networks for information/advice/insight to support business decisions?
Question: How has this changed over the last three years? 16
17. People And Content Found Within Online Communities Are Widely
Used To Identify Business Trends And In Support Of A
Professional Decision
– Eight in ten respondents use online social networks to identify trends and key topics for
further exploration
– Just over a quarter use them to help reach a professional decision
When Faced With A Professional Decision, Survey Respondents Are Likely To…
n= 95 17
18. Online Collaboration Is Considered A Meaningful Professional
Activity
– Respondents clearly see the value in online collaboration
– They most appreciate the ability to reach out and connect with others and to gain fresh insight, ideas,
and actionable information
Statements Percent Agree
I am able to reach and connect with other professionals and experts due to the network 73%
Collaborating with others provides me with fresh insight, ideas, and actionable information 71%
My collaboration with peers is strengthened by online connections and made more efficient 65%
My connections online have shared information with me that inform the work I do in meaningful
ways
60%
Collaborating with others saves me time and money 49%
I find people are more willing to collaborate online and share information than offline 47%
I only collaborate or connect online with people I already know 19%
Online connections are best for sales and marketing but not for collaboration 6%
Connecting to others or collaborating does not interest me 3%
Question: Which statements best capture your experiences collaborating with others in an online environment? (select all that
apply) 18
19. Most Companies Have Internal Collaboration Tools But Only About
Half Are Reported To Be Effective
– About seven in ten respondents indicate that their company has collaboration tools in place, half of
those indicate that they are used effectively
– Fifteen percent of respondents indicate that, while their company does not sponsor social media tools,
they are used informally to collaborate
n= 91 19
20. Company Internets Of The Future Will Strive To Connect People
(Forums) With The Work They Do (Content)
– In a global workforce, context is more important than ever. Consequently, the intranet of the future will
be focused on context of information.
– More than four in ten respondents expect that in one to two years their company will be using social
media for more content sharing and company-wide communications and for forums and discussions
n= 95 Question: In what ways do you see your company’s use of internal social media tools increasing over the next 1-2 years? 20
(select the top three)
21. While Professionals Value Collaboration, Their Companies Seek
To Invest In Social Media Marketing Programs
– More than half of respondents foresee more marketing programs and content distribution in the next
one to two years
– Very few foresee no change in social media usage
n= 95 Question: In what ways do you see your company’s external use of social media changing over the next 1-2 years? (select up to 3) 21
22. Satisfaction with Company’s Internal Technologies for
Collaboration for Business Purposes Is Increasing
– Just over one in ten respondents are extremely satisfied with their company’s internal technologies for
collaboration for business purposes
– Overall satisfaction with their company’s internal technologies for collaboration has increased over the
past year
Internal Collaboration Tool Satisfaction
100%
10% 12%
80%
47% Extremely Satisfied
60% 53% Somewhat Satisfied
Somewhat Dissatisfied
Extremely Dissatisfied
40%
30%
20%
20%
14% 15%
0%
2009 2010
Question: How satisfied are you with your company’s internal technologies for collaboration for business 22
n= 91
purposes?
23. Summary
Professionals are now using their social media peer groups and online
communities as reliable in-puts into their decision-making
2009-10 was about exploring and experimenting with online relationships whereas
2010-11 is about capitalizing on them.
Thought leadership is the professional currency of the future
Professionals and organizations are now being defined by the quality of the content
they exchange, curate and create.
However, few content creation channels have stood the test of time as there is less
content being created as professionals have learned to curate only the best
New rules for collaboration in social media environments emerge
Endorsement is at the center of collaboration in social media communities
The endorsement (via read, share, like, retweet) drives influence that enables better decision
making
And, anytime anywhere access to our professional peer groups is a
growing necessity
Mobile access to online communities and professional networks is the new norm
Therefore, relationships are more fluid and on-demand as professional now have the
online networking skills to reach the experts they need, when they need them.
23
25. Gender and Age
– Slightly more than half of the respondents were male
– A wide range of age groups were represented, with about two thirds of respondents falling
between the ages of 36 to 55
Question: What is your gender? 25
n= 92 Question: What is your current age?
26. Professional Role
– Close to two in ten respondents reported that they are the CEO in their organization
n= 114 Question: Which of the following categories best describes your professional role in your organization? 26
27. Primary Business
– One third of respondents described their organization’s primary type of business as “Business
Services”
– Another quarter reported that their primary type of business was computer products
n= 114 Question: Please indicate your organization’s primary type of business 27
28. Number of Employees
– About half of respondents indicated that they work for an organization with less than 100 full
time employees
– At the other extreme, more than a quarter work for organizations with 10,000 or more
employees
n= 114 Question: Approximately how many full time employees does your organization have worldwide including all divisions and 28
locations?
29. Responsibility
– Close to half of respondents reported that they are the final decision-maker
– More than four in ten reported that they participate in the decision-making process,
while one in ten do research in support of the decision-maker
Note: Those who indicated that they had no decision-making responsibility
were excluded from the study
n= 114 Question: Which of the following best describes your responsibilities in making decisions on products and services in your 29
company or organizational unit?
30. Size of Budget Managed and Influenced
– A third of respondents influence budgets of $1 Million or more, while just over one in ten directly
manage budgets of that size
n= 105 Question: What is the average size of the budget that you 1) Manage and 2) Influence? 30