Professional Documents
Culture Documents
Avalon Consulting
Avalon Consulting
Consulting
E- Book
0
2010 © Avalon Consulting. All Rights Reserved
About this book
This volume of the book contains some of the best presentations received by
Avalon Consulting for its Finding Sun Tzu Challenge 2010, the finals of which were
held in Mumbai on the 30th of October. The contest was open to all business
schools in India and abroad and entries were received from some of the best B
schools in India and campuses from UAE, USA and Philippines.
The topics this year have been devised keeping in mind the overall theme of the
event: the strategic significance of Social Media in the B2B space. There are two
topics to choose from and participants can send in entries for either of these
topics:
1. Develop the strategy and marketing plan for a social media services company
2. Develop the social media strategy and plan for any B2B business segment
AVALON
Consulting
Disclaimer
This E- book is based on presentations sent by teams for the Finding Sun Tzu
Challenge 2010. The team members who have created the presentations have been
duly credited. All views and opinions expressed belong to the individuals
submitting the presentation and do not represent any opinions or views of Avalon
Consulting
AVALON
Consulting
About us About the contest
AVALON
Consulting
Avalon Consulting, setup in 1989, is an The Finding Sun Tzu Challenge is a business
international management consulting firm that strategy competition organized annually by
advises clients across the world on strategy, Avalon Consulting. This year’s edition of the
business transformation and innovation. It is Finding Sun Tzu Challenge revolves around the
part of the 1200-people Avalon Group which theme of Social Media
operates across the entire knowledge value
chain
To know more about Avalon Consulting and to To know more about the contest and to connect
connect with us: with the Sun Tzu team:
Website: www.consultavalon.com
AVALON
Consulting
AVALON
Consulting
Presentations by:
4
2010 © Avalon Consulting. All Rights Reserved
Presentation 1
Team Name: Spearheads Institute Name: XIMB
Participant Participant
Ashutosh Didwania Nehal Bazari
Pic Pic
Pre MBA Experience – Cognizant India, 21 Months Pre MBA Experience – Nil
(Sep 2007 – June 2009)
Pre MBA Education – Bachelor of Business
Pre MBA Education – B.Tech (Comp.Sc) , School of Management, Christ University, Bangalore
Technology, KIIT University, Bhubaneswar
Interests –
Interests –
Academic – Multinational Strategic Management,
Technology Enablement for Enhanced Value, Academic – Financial Planning & Strategy,
Business Innovation & Transformation Mergers & Acquisitions, Strategic Management
Non Academic – Charity & Social Upliftment, Non Academic – Event Organization &
Adventure Traveling, Non-Fiction, Trance Music Management, Painting, Dance
AVALON
Consulting
Second Round Submission
Team Spearheads
Compiled by:
Ashutosh Didwania (Email: ashutosh.didwania@gmail.com)
Nehal Bazari (Email: nehalfaimy@gmail.com)
92% B2B requirements commence with an online search Ample evidence of the power of
75% B2B decisions are finalized online internet in the B2B space
For the purpose of the analysis, the following hypothetical autocomponents firm has been used right
throughout the case
Based In India
Customers Global Automobile Manufacturers (Ford, Hyundai, Tata Motors, Maruti Suzuki)
Aftermarket dealers and distributors for replacement and spare parts
Assemblers
Other Original Equipment Manufacturers
1. Readiness Executing Readiness Assessment Framework on Autogem
Before venturing into social media, the Chief Listening Officer at Autogem needs to :
Take stock of the resources available
Build a strong foundation for social media to be implemented on
Listen Tweet from Rahul: Bought a Tata Nano today and it was up in smoke within a matter of minutes.
Shocked!!!
Tweet from Vikas: The glass wiper on my Santro keeps on breaking. Its Autogem I guess
Tweet from Mr.Basu (Ops Manager, Hyundai): Any innovative wiper manufacturers here?
Possible If Autogem was deriving 60% of its revenue from supplies to Tata Nano, it would straight away
launch its damage control plan. Provided it could come across the tweet
Response If the Chief Listening Officer at Autogem spotted the tweet from Vikas, he could right away alert
the Marketing team to take action and prevent the word from spreading
The tweet from Mr.Basu if spotted by a team at Autogem, could well get them business
Readiness Listen Engage Align Integrate Measure
“No more hazy windshields. Bosch comes up with a stellar windshield solution”
Competitor
People usually post comments on products they appreciate, including those from competitors
Buzz
Potential “Looking for innovative telematics manufacturers” – Tweet from Automobile Ops Manager at
Ford
Customer Needs Such postings on LinkedIn and Twitter from potential B2B customers are common place
Industry Trends “Time for autocomponents to go digital” – Tweet from Automibile Industry Analyst
Industry Analysts are extremely active on the social media with comments and suggestions
Desires & Needs “Wish cars could someday predict traffic congestions” – A random Facebook posting
Even innocous postings could lead to great ideas, specially in the B2B segment
Where to listen?
LinkedIn Answers is a hotspot for most B2B searches
Dedicated LinkedIn Groups & Communities on the Automobile Industry
How to listen?
Radian6 Rowfeeder.com Addictomatic.com Viralheat
Would the senior management really have problems with extremely cost-effective
business environment scanning performed by motivated employees genuinely
enthusiastic about the task on hand being performed during their spare time?
Readiness Listen Engage Align Integrate Measure
“No clue on how to use the Autogem Telematics panel” Redirect to FAQ section, appropriate tutorial link,
“Wish cars could someday predict traffic congestions” Do public polling on idea to validate desire
Tapped
Content Tapped Content User Tapped Content User Tapped Content User Tapped Content User
Redirect
Engagement
Layer
Redirect
Internal Layer
Autogem Official
Website
Social Media Anthropology reveals that 91% of the Autocomponent prospects are found on
Create Autogem LinkedIn Create Autogem Facebook page Create Autogem Twitter account Create Autogem channel
community Conduct industry discussions Post links to updates Upload Product simulation video
Integrate company profile via Conduct product launch via Actively respond to industry CEO message
slideshare Facebook games bytes Interactive press releases
Get the senior management on Tag popular automotive Post Autogem website link Industry Webinar recordings
board communities to gain visibility Post links to interesting industry Subscribe to industry
Initiate industry discussions Integrate product simulation articles channels
Have product links in place videos via Youtube Answer customer queries Encourage customers to follow
Mention Autogem website link Post updates Come across as industry expect channel
Mention contact details Have product links in place while responding
Participate on LinkedIn Answers Mention Autogem website link Tap industry analysts
and redirect users to LinkedIn Mention contact details
community
Make important announcements
Readiness Listen Engage Align Integrate Measure
Who within the company should be involved? How to drive traffic to the communities?
Dedicated people from Corporate Communications should Mention link to communities in newsletters, websites
put the engagement layer in place Send mailer to all customers with links embedded
Create a pool of people from various functions Participate in industry discussion on other forums and
(enthusiastic about Social Media) to respond to specific mention social media links at the end
issues on the communities Come across as industry experts in industry discussion
Promote the work as a fun activity Include community links in signatures
Put in place a variable incentive system to reward Promote interesting discussions on communities
participants Get Senior Management to participate
Enhanced & Optimized Customer Service Posting of FAQs on Social Media Communities
If links to any of the Autogem communities or website are returned amongst the top results to the above search, its bound to
enhance the Brand Visibility & Awareness
From thereon, a click on the appropriate link would absorb the potential customer in Autogem’s Social Media cycle
Alternate SEO Active participation with company name on Social media forums (LinkedIn Answers)
Inbound links to company website owing to social media channels
Techniques More the clicks, higher the ranking
Readiness Listen Engage Align Integrate Measure
Autogem
Buy - In Needs to percolate from the Senior Management in the initial days
An idea posted on internal blogging system receiving a comment from the Senior
Management would automatically lead to rapid buy-in from the workforce
Readiness Listen Engage Align Integrate Measure
Autogem
Helps influence the influencers, keeps them aware of the proceedings at the company
Industry Analysts Creates forum for intake of expert views leading to better products
“Autocomponent Products fast moving towards digitization” – Analyst Comment
Every B2B product finally ends in a product being used by the consumers
End Users Enables intake of direct feedback from consumers
“The Telematics panel looks just too complicated” – End user comment
Once the consumers are have confidence Autogem, it becomes an important consideration during their next purchase
By influencing the end user, Autogem is indirectly influencing Automobile companies to use its components
Such branding also enhances Autogem’s business in the Aftermarket segment
How Providing information and educating the consumers through social media
Visuals on Autogem’s Youtube channel
Positive comments by brand advocates
Implementation HR Team should consider social media as formal means for recruitment
Variable pay incentives for reduction in cost owing to recruitment on social media
Readiness Listen Engage Align Integrate Measure
In order to optimize use of Social Media at Autogem and enhance its effectiveness, a customized set of
Integrating Factors (specific to Autogem) are recommended
Each of the Social Media processes need to be implemented keeping these integration factors at the base
Adherence to Corporate All social media communication needs to be in sync with the
Corporate Communication guidelines at Autogem
Communication guidelines Strict uniformity needs to be conveyed while communicating
via social media
Prevalance of the final word of In any issues relating to Social Media communication,
Autogem’s brand advocates need to have the final say
identified brand advocates This is to ensure uniformity across all communication goven
the hetrogeneity of Social Media
With multiple employees representing Autogem on the Social Media, having a standard set of
guidlelines are an absolute must
‘Social Media Stick to area of expertise and provide unique, individual perspectives
Be professional in the use of words, avoiding offensive words at all costs
Policy’ Guidelines Do not state figures and facts in situation of uncertainity
for Autogem Use disclaimers in tricky situations
Employees Respect Autogem’s proprietary and confidential information
Take stock of the audience before posting or responding
Do not vent emotions or get personal
While disagreeing with others, keep the tone polite and appropriate
Strictly follow the Corporate Communications guidelines and Autogem’s code of conduct
In case of a mistake, immediately accept the same and inform the Corporate Communications
team
Maintain a regular record of all postings to avoid ambiguity on a future date
Avoid competitor comparision unless the facts are official
Respond to queries within minimal time
Avoid leaving conversations mid-way
Keep all postings simple and authentic
Readiness Listen Engage Align Integrate Measure
Engage Number of new product inquiries generated on Autogem’s social media channels
Number of new ‘feasible’ ideas captured from discussions
Reduction in issue resolution time of a customer
Number of brand advocates engaged on Autogem’s social media channels
Number of customer queries resolved on social media channel
Number of redirections to corporate website
Number of Slideshare corporate profile views
Number of employees who feel enthusiastic about social media volunteering
Integrate Uniformity of posts, number of instances of confidential info leak, number of tussles
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Presentations by:
33
2010 © Avalon Consulting. All Rights Reserved
Presentation 2
Team Name: Spitfire Institute Name: IIM Bangalore
Participant Participant
Ketan Ray Shekhar Gurav
Pic Pic
Interests – Academic
AVALON
Consulting
34
New Age Media
A Social Media Services Company Catering to 12 Fortune 500 Companies
B2B Firm
Thought Efficiency &
Leadership, Productivity
Creativity &
Innovation
Peer
Commitment Insights & Participation
Knowledge Access
Trust Bank
Feedback Choice
Visibility Information
Sustainability Empowerment
Conversation
Mediation & Contribution
B2B Ecosystem
Social Media is not just a tool, but it’s a new and fastest way to add immense value in all B2B activities
from generating leads to cultivating thought leadership
Finding the fit
Looking beyond Marketing & PR tactics…
Corporate Communication Corporate Strategy
Policy •Brand Building
•Social Lead Generation
•Develop social media strategy
•Creating Value Merchants
•Train social centric sales staff
•Decreasing Sales cycle
•Encourage Thought Leaders from across
•Proactive Crisis Management
the organizations to Participate
•Migration to Social CRM
•Generate Relevant & Contemporary
Content •Sponsored Community Marketing
Corporate •Enterprise Collaboration
Communication
Corporate Social Media Tool
Strategy Selection & Setup
Quantification
Participation •Social Campaign Tracking
Coaching & •Real-time Online Analytics
Quantification
Training
•Engage & Personalize Customer 2.0
•Dashboards
•Agenda, Rules, Network Configurations
•Shared Frames of Reference
•Norms, Obligations & Social Identification
Innovation
Content
Innovation •Co-creation & Co-opt
Marketing
•Crowd-sourced R&D
•Service Delivery
Online •Business/Revenue Model
Learning
Engagement Seller Firm Learning
•Social Sales & Collaboration Insights Buyer Firm Learning
•Industry trends & demand patterns •Product Knowledge Development
•Supplier-firm & Buyer-firm Needs, Issues, •Lesser Known Products/Solutions
Pain-Points & Concerns •Industry/Technology Trends
•Competitive Threats & Opportunities •Reduced Post purchase dissonance
Issue #1: Lead Generation Today B2B decision makers are spending 99% of
their time researching & talking to each other
70% of the leads passed to sales
team are low quality, unqualified Now 92% of B2B purchases have some portion of the process initiated
online with ZERO human intervention
Average YIELD from leads just 1-2% (against
$250-400 per sales call) How we solve this issue using Social Media
Traditional marketing with limited sales Use Lead Score Profiling to deliver “sales ready” leads aligning it against
staff can’t generate multiple touch-points offline lead qualification system
with clients
Locate and target leads at the moment of interest
Buyers 2.0 wants attention from people &
not companies Expand your reach exponentially by using platforms accessed by millions
of potential leads in REAL TIME
Static Corporate Websites can’t engage
“sitting duck” clients Enable SME, reduce campaign cost & yet improve ROI
Decision makers expect robust Though channels have revolutionalized from static websites to dynamic
benchmarking & deep domain knowledge social networks, even the best companies fail to extract full value from
content management
Continually spinning out novel & engaging
content is time consuming How we solve this issue using Social Media
Among those who use content marketing, 79% have adopted social media tactics,
but only 31% of those who use social media rate the tactic as effective in their
Buyer 2.0 wants content that addresses his Identify and engage thought leaders from critical business functions
marketing
specific issues, so scope gets huge
Drive adoption and change management within the organization
Difficult to engage on complex
product/service offerings Facilitate collection and real time collaboration among departments to
generate content
Content Management: Challenges
Establish crowd-sourced R&D to pace innovation through symbiotic
relationships
Buyers now determine their own schedule Integrate social media & WoM directly into your sales cycle
for when they want to contact a selling
organization Real time communication between you and the clients takes schedules
completely out of the equation
Recommendations from trusted third party
sources (Word-of-Mouth) now an integral Conduct regular appraisals of your clients and keep track of their needs,
part of buying cycle and see if the actual requirements have changed from stated ones
Buyer 2.0 wants singular pieces of product information so that they can
utilize it for specific reasons. Now provide that information quickly and
easily via SM by detailing upgrades, modifications, and new services
In the digital age, crises don’t just stop • Real time status reporting within and to client
Monitor
between you & client; they go VIRAL
• Develop list of online influencers
Cultivate
Difficult to dislodge bad WoM from the
internet
• Set up online crisis collaboration site with client
Prepare
And yet, better crisis handling can win you
the client • Be faster than negative WoM spreaders
Respond
Intelligence B2B managers not yet trained in converting Metrics into business value
Organic Search (by Engine / Keyword), How many of the audience are raising
Response Referring Site Traffic, Organic vs. Driven their hands to start a relationship with the
traffic %, Top Content Viewed brand
How many campaign respondents are
Engage
Conversation Chains, Maven Identification Identify brand advocates who could open up
Advocacy new campaign tactics
Forrester predicts B2B interactive marketing spending to reach $4.8 billion by 2014 – almost double
that for 2009 ($2.3 billion)
Issue #6: Relationship The target audiences for B2B communications are
Management amorphous, made up of groups of constantly
changing individuals with different interests and
Current CRM geared to automate front motivations
office tasks & improving management
visibility across functions, than foster How we solve this issue using Social Media
personal relations.
Leverage referrals, online customer testimonials & social CRM to build
Prevalence of transactional relationships networks, trust, reputation & equity.
Current engagements not in-line with Monitor top influencers and track sentiments & tone of conversations in
business goals of partners & clients an actionable format.
Translate your business Determine Develop a roadmap Realize Social Media Manage the Social
goals into actionable characteristics and for embedding Social project(s) and Media initiative and
Social Media objectives media use of target Media execute the plan develop a growth
audience strategy
Assess overall Develop segmentation Develop a business Identify and gather Monitor and measure
business goals to / characteristics of case of social media relevant content social media activity
determine social media target audience projects including risks, Develop interaction Keep track of changes
objectives goals, and benefits
Research target and graphic design in needs of
Create awareness and audience’s use of Determine the Enable SEM and current/potential
understanding of Social social/traditional media metrics/KPIs to clients
keyword marketing
Media and it’s measure the social
Identify the influencers Build or configure tools Set up online crisis
opportunities and media campaign
& mavens from these to measure the collaboration with
challenges Develop strategy to client
requisite metrics
Convert these into Social implement feedback
from each metric Suggest changes in Perform Community
Media objectives Management &
during & after the organizational
(Listening, Talking, Coaching of client with
campaign structure to manage
Energizing, Spreading, successful use of social
Develop a case for the social media project
Supporting, Embracing) media initiative
platforms to use during Build awareness and
the campaign train sales staff
Our tools such as ContentM, Hootsuite & SMetrics can efficiently measure most of the metrics and are
easily configurable to suit your specific needs
From Social Media Strategy to Delivery - Case Studies
The Social Media strategy (growth model) encompasses a) Best Practices & b) Implementation Plans
(people, process, technology), and is supported with our Wiki-tool
Focus Vertical I: Consulting Firms
The most important selling point for consulting firms is Thought Leadership
And what enables them to showcase Thought Leadership? Content
Social media reinforces traditional Thought Leadership marketing activities such as speeches, seminars, studies and
books. Online engagement increases attendance at offline conferences and readership
Social Media blogs & topic microsites allow a consulting firm to touch a much bigger audience of potential influencers,
creating a virtual scale. Escalate ROI on good ideas
Social Media gives them the ability to collaborate, stress- test ideas, spur vigorous debates and reach a broad range of
opinion leaders
Consultants have a new opportunity to shape the thinking at multiple touch points (senior, mid-level, influencers) in an
organization and create value even before the sales cycle begins
Leaders in Thought leadership marketing generate more than 30 leads per month v/s
laggards generating just 10 or less -- Top-consultant.com
How Social Media integrates into Thought Leadership activities
1 2 3 4
Not a barrier High barrier
Consulting is a fairly conservative profession & thus still lags behind many other verticals in using
Social Media. However considering the immense synergies between the two, this is a huge market
available for Social Media to make its impact
We create a real time end-to end content pipeline for Consults
Content
Content Creation Measurement Business Intelligence
Dissemination
Put your initial idea on the Unique & repeat visitors, Conversion rate, Find out the overall lead-
Blogs Subscribers, Inbound Links to-opportunity conversion
web & foster discussions
over it rates to measure ROI of
various channels
Test & refine a point of # of direct followers, # of 2nd order followers,
view before Microsites Average # followers attracted/day (Velocity)
Segment your audiences
communicating it broadly into Creators, Critics,
Collectors, Joiners,
Crowdsource content Spectators & Inactives
# of commenters, Conversion rate, Increased
creation in- & out-side Forums traffic from searchable comments
your firm Find out which channel is
suitable for whom
> Monitor online activity
in real time Referrals, # of connections, Followers on fan Monitor their online
Social Networks pages, Comments & Re-tweets behavior to improve the
> Offer time bound content reach
incentives to generate
quality content regularly Identify & target
Videos / # of views, Comments, Page Rank, Subscribers Influencers; increase the
Communicate in real time Podcasts to video channels indirect reach of your
with your commenters & campaign
forum peers
Clicks per keyword, Related keywords, Inbound Track the progress of your
Track online buzz about SEO traffic, Conversion rate campaign and identify long
trending topics term prospects
# of subscribers, # of views, # of Likes, Page rank,
Doc Sharing Traffic to company profile
ContentM enables you not only to create content, but depending on your chosen target
ContentM audience it intelligently selects the right channels for you
It allows you to post links to your content on all relevant sites & social networks, monitor
Single tool to rule them all activity & communicate with anyone in real time
Creates an interactive dashboard of all relevant metrics for a channel
Consulting Case Study: McKinsey
We implemented ContentM in the content pipeline of McKinsey making it faster, ensuring timely
content generation & expanding its reach by more than 10x
Email Newsletter
Newsletter to Twitter
Web Content
Twitter Handle
Facebook Integration
Focus Vertical II: Health-Care Firms
55 percent of surveyed Americans get information about a therapy or condition online, according to 2010
Survey of Health Care Consumers, Deloitte Center for Health Solutions.
60 percent surveyed physicians are interested in using social networks for professional purposes, as per
Manhattan research “Taking the Pulse”.
65 percent of surveyed nurses are interested in using social networks for professional purposes, according to
Nicholson Kovac Inc, New Media Usage Study: Healthcare professionals, Feb 2010
B2B service companies showed largest increase in social media spending last year from 6.5% to 11.0%
Healthcare is a second largest vertical at 11% (first being retail at 13%) using social media for business
information according to B2B Social media benchmarking study conducted by Business.com in 2009
More than 700 of the U.S.’ 5000 hospitals have a social media and social networking presence to
enhance their ability to market services and communicate to stakeholders.
-- Hospital Social Network Data & Charts
How Social Media integrates into Health care industry
Key Issues
Security & Patient Privacy - Health
Professional
Societies Insurance Portability and Accountability
Act (HIPAA) and FDA
Maintaining Health
& Wellness
Non Profit Consumer Trust - Deloitte’s 2010 Survey
Health Plans
Foundations
Marketing Maintaining Health of Health Care Consumers suggests that
& Education & Wellness health insurance plans and
manufacturers are the least-trusted
sources of health information
Social
Media Low usage of social media channels
Federal Public Health except webinars & podcasts.
Regulators Organizations
Disease Public Health
Management Announcement
& Campaigns
Our Offerings
Reputation Management at all customer
Life Sciences touch-points.
Hospitals
Companies Crisis Management – swift damage
Personal Health Records Treatment,
Physician & control against loss of public image
Health Professional Training
Clinical Trial Recruitment Hospital Selection Content Distribution using ContentM™ at
social media touch points
Stakeholders in Healthcare Industry using Social Media
iNSIGHT 6.0
Reputation Management Practice Beyond brand image
Web Content
Facebook Integration
Podcasts
Widgets
YouTube Channel
We Provide Social Media Services Across the board
Acquainting
Purchase
Support
Engaging
Observing
Analyzing
Customer
R&D Operations Marketing PR Sales
Support
We cater to the unique needs of your business at every customer touch point providing a holistic
customer experience to your prospects
No one offers these value-adds other than us
With exposure to Social Media, organizations must also manage brand, reputational and defamation risks and
protect against the loss of intellectual property or inappropriate disclosures. Hence we help them:
Clearly establish roles and responsibilities with respect to social media
Identify risks inherent in the organization’s social media strategy
Determine required risk management practices including the communication of social media policies
Implement a process to proactively monitor and respond to what is being discussed online about your
organization
Who we are? New Age Media helps businesses harness the full potential of social media
intelligence to drive superior business performance across their organizations.
Consumers are increasingly going about their lives in a digital environment. They use blogs, social
networks and other social media to evaluate products, make purchasing decisions, share opinions
and connect with friends. Traffic to social networks is skyrocketing and more and more consumers
rely on word of mouth and peer recommendations when evaluating a product or making a purchase
decision. But companies have yet to capitalize on the insights available as a result of consumer-
generated activity. Instead, they’re actively seeking guidance on how to fully realize the promise of
social media as an integral source of consumer knowledge.
What distinguishes us from the rest? We equip companies with the capabilities to better
understand, value and take advantage of these rich consumer insights. Using proven tools and new
processes to drive organizational transformation in line with strategic objectives, we make it
possible for senior executives to extract new value from these insights to deliver value to their
product-development, marketing, and customer service operations. In essence, with our help they
can better embrace social media insights across the very fabric of their organizations. The result?
Unprecedented, measurable business impact, new opportunities, efficiencies and competitive
advantage.
Presentations by:
58
2010 © Avalon Consulting. All Rights Reserved
Presentation 3
Team Name: Invictus Institute Name: IIFT Delhi
Participant Participant
Indranil Ghosh Shilpi Gupta
Pic Pic
B.E. InfoTech, Jadavpur University Pt. Deen Dayal Institute For the Physically
Handicapped, University Of Delhi
Interests –
Interests –
Mathematics, Finance, Organizational Behavior
Psychology, Medicine, Literature, Marketing,
A penchant for the written word, painted strokes Strategy
& a desire to be an accomplished chef
Reading Books, Gardening, Yoga, Social
networking, Collecting Quotes
AVALON
Consulting
59
Finding Sun Tzu Challenge 2010
Implementation Effectively
Identifying Business Plan & Measuring
the Verticals Concept Resources at Success
Hand
QUALITATIVE INSIGHT
• INDUTRY TRENDS
• WHITEPAPERS
• CURRENT INITAIVES BY LEADING
COMPANIES
• CHANGING CUSTOMER PROFILES
• EVOLUTTION OF ECMOMERCE ACROSS
THESE VERTICALS
•.
BASIS OF SHORTLISTING:
OPPORTUNITY ASSESMENT FINALLY TWO SEGMENTS-
(CURRENT AND POTENTIAL FOR 1 COMPUTER AND IT
GROWTH) 2 BUSINESS SERVICES(
SERVICES+OFFICE SUPPLIES) WAS
CHOSEN
> JUSTIFYING THE VERTICALS’ CHOICE
Identifying the
Verticals
But we Damned
“Lies, beg to Differ…the
Lies & Top 100 Global brands
Statistics”
surely know a thing or two…and that’s what
- Lord see…
Regression also indicates…Let’s Courtney, 1895
Source: Wetpaint,
Altimeter Survey
> COMPLEX DIGITAL LANDSCAPE
Business
Concept
> LET’S SIMPLIFY THE DIGITAL LANDSCAPE : THE SIX AREAS OF OPPORTUNITY
Research & Awareness/ Desire & Staff & Content & Investment Timing to Complex:
Insights Interest Action Employees Assets Deploy Infrastructure /
Technology
Listening
Search
Content
(Creation &
Distribution)
Social
Engagement
Analytics
(Tracking &
Optimization)
Emerging
Media
(Mobile,
Virtual)
> WHAT WE DO Business
Concept
ENTERPRISE
SOCIAL MEDIA
SERVICES
We use an integrated approach to
social media to scale a new form of
“earned media:” word of mouth.
MEASUREMENT PROGRAMMING
THE SOCIAL We deliver strategy, measureable
MEDIA SERVICES programs, and enterprise change
for clients who need a disciplined
approach to applying social media
PLATFORM
to their business.
SELECTION & Hence we bring a basket of services
ADOPTION that in itself is applicable for all the
Verticals depending upon their
needs and can be implemented in a
phased manner.
> HOW WE DO Business
Concept
PLAN+ AMPLIFY +
ENTERPRISE PROGRAM LISTEN PLATFORM MEASURE
ACTIVATE MANAGE
INTELLIGENCE
CONTENT BUILDING SOCIAL CMS
DASHBOARD
> ENTERPRISE SOCIAL MEDIA SERVICES
ORGN MODELLING
Business
Concept
> PROGRAM SOCIAL MEDIA SERVICES
Business
Concept
DIGITAL
INFLUENCE
> DIGITAL INFLUENCE PROGRAM FRAMEWORK PROGRAM
STRATEGY
Business
Concept
SOCIAL ENGAGEMENT
REMARKABLE ADVERTISEMENT
INFLUENCER
RELATIONSHIP EXPERIENCES
MGT
SOCIAL &
SEARCH
INSIGHTS CONTENT SOCIAL & PARTNER
ACTIVATION SYNDICATION
MEASUREMENT
BENCHMARKS
SOCIAL EVERYDAY
GRASSROOTS ENGAGEMENT PERFORMNCE
MEDIA RELATIONS MEASUREMENT
OPTIMIZATION
> PROGRAM SOCIAL MEDIA SERVICES
• Listening Post: Enterprise-level
DIGITAL INFLUENCE LISTENING POST SINGLE ENGAGEMENT
PROGRAM INFLUENCER MAP PROFILING consumer generated media
STRATEGY
listening across global markets
• Conversation Map: Audits of
online conversations in social
SOCIAL IRM CONVERSATION CONVERSATION DIGITAL MEDIA
media that drive planning
MAP MANAGEMENT RELATIONS • Search Intent Modeling: Audits
of search engine behaviour and
lexicon to drive planning and
SOCIAL GRASSROOTS SEARCH INTENT CONTENT CONVERSATION content
MODELLING CREATION AMPLIFIER
• Influencer Maps: A segmented
audit of relevant influencers for
engagement
SOCIAL WEB OPTIMIZATION EVENT AMPLIFIER • Conversation Management:
DEVELOPMENT
Tools and approach to driving
‘everyday engagement’ via social
hubs like Facebook, Twitter,
CONTENT BUILDING SOCIAL CMS
YouTube and more
• Content Factory: Creation,
distribution and search Business
optimization of brand content
Concept
> PROGRAM SOCIAL MEDIA SERVICES
Business
Concept
ENGAGEMENT
PROFILING
> IDENTIFYING ENGAGEMENT PROFILES : WHAT IS YOURS?
Business
Concept
Sticky Apps
• Connect with the TG
• Dedicated consumer
response mechanism
We believe as a trusted partner our Core Value Propositions should endow our clients with
Dynamic Sustainable Competitive Advantage
> TWITTER STRATEGIES FOR BUSINESS Follow > Create > Engage
Direct to
Answer
Crisis Brand, products additional
questions, raise
and relevant resources,
Management issues, provide
issues updated
info
information,
Event
Those interested information, Set up Tweet-
Event Coverage or attending updates, behind ups, talk to
event, media the scenes attendees,
coverage
Top Twitter Strategies
Product Links to online
Current and
promos, Check replies
Promotion & potential
upcoming sales, and DMs
Sales customers
discount codes
Know your
Those interested
Added value: followers, thank
in your cause,
Issue Advocacy industry leaders,
health tips, them for support,
disaster alerts get them
news
involved
> FACEBOOK STRATEGY & CHECKLISTS FOR BUSINESS
Implementation
Plan & Resources
at Hand
Engagement
Host discussions & provide Provide coupons to Advertise through
useful resources track purchases existing media - Discussions, content,
reviews & posts
Action
Provide branded digital - Purchases driven
goods -Web traffic driven
- Application users
> METRICS & ROI: EFFECTIVELY MEASURING SUCCESS ROI Reality Che
84% of social media programs don’t
measure return on investment
Total
For social media to fully work (for Benefits
Investment
everyone), businesses and brands
need to be able to evaluate the impact
their social media use is having, both
positive and negative
Here we have given a tool to measure
ROI on social media so that the
strategy and the tools a firm uses can
also be balanced against the costs
involved and the benefits that can be
derived from it.
This helps a company to optimize its
Social Media spend.
Effectively
Measuring
Success
> METRICS & ROI: TRACK THE METRICS THAT MATTER
Effectively
Measuring
Success
Effectively
Measuring
Success
Effectively
Measuring
Success
Preference Awareness Consideration Preference Action Loyalty
Presentations by:
85
2010 © Avalon Consulting. All Rights Reserved
Presentation 4
Team Name: Lucky Dice Institute Name: IIM Kozhikode
Participant Participant
Daisy Basumatary Sree harihara Vignesh
Pic Pic
Assistant Engineer, Brahmaputra Valley Fertilizer Software Engineer , Cognizant Technology Solutions
Corporation Limited, Assam
Pre MBA Education –
Pre MBA Education-
Bachelor of Engineering (EEE), CEG, Anna University
Bachelor of Engineering (Chemical), Assam
Engineering College Interests –
AVALON
Consulting
Finding Sun Tzu Challenge
Explanation of Strategy
Social Media
the 4Centric
Strategies Implementation
strategies
Publish
Social
Share
Games
Virtual
Discuss
worlds
Social
E-community strategy Reputation Aggregator strategy
Media
Online sites where people A site that provides
aggregate around a rankings of content/sites.
Social common interest area People use this to decide
Live
cast
Networ with topical interest and what content they want
ks often includes professional or need. How high a site
content . Ex: IT Toolbox appears in a search
result influences the
Live Micro site’s reputation
stream bloggin
g
Blog strategy Social network strategy
A digital library; authors Member-based
post dated journal entries communities that enable
that readers can comment users to link to one
another through invites.
Ex: LinkedIn, Facebook,
Orkut
4Centric Strategy - An overview
Social media can be used in tire industry in different ways: supplier centric, buyer centric , middleman centric,
and end consumer centric. While the first three approaches follow predominantly B2B model, the end consumer
centric approach tries to interact with the end user (vehicle purchasers) directly following B2C model
Marketing
Raw Material
OEM suppliers
Distribution Procurement
Raw Material
Replacement
suppliers
Sales
Functions where social media can
Functions where social media can Suppliers help Tire company
Tire company
help Buyers
Benefits of Social
Rubber
Industry
OEM
Carbon
black/Silica
Replacement
Tire cord
Industry
Suppliers Tire company Buyers
Benefits of Social
Thought leadership
Successful supply chain
Strong long term relationship
End consumer centric approach
•The business of tire industry is directly impacted by
Influencers in buying process mapped to type of user
the changing behavior of end users although its
business does not take place with them directly
•Social media can help tire companies to bypass the Casual Gen Next
intermediate entities and interact with the end Relationships
consumers directly
•Studies suggest that the usage of internet for product Established user
enquiry by the automotive buyers are on rise. These Friends
internet users can be segmented as follows
Improved sales
OEM
After sales , Replacement Tyre
market manufacturer
Buyer centric
• Prime factors that drive the success of social media are top management support, consistency of
quality, optimization of social media tools i.e. choosing the right tool for right function
• The basis of implementation plan of social media lies on the content development and
communication strategy development
• Critical to the launch of plan and successful continuation of the same is its ability to engage both
internal employees and external vendors
• The impact of social media on the performance of a company is more of an intangible nature
hence difficult to measure
Encouragement
Social media if initiated by Identify the right could come in the
the top management can people Create incentives form of
expect employee Support from top appreciations from
engagement to a large top management,
extent management recognition etc.
Link activity to
performance output
Best industry
examples
Creation of an E-
Build on existing
community in the
sites: Active participants
form of a discussion
Companies that already should be moved up
forum where •Formation of social
have a website, can the ladder to blog in
customers( end networks
include certain features the company website
customers/ dealers)
that would provide
can log in and type in
certain basic services to
their views
the tire buyers
Features
• Dealer locator • Reviews for tires done • Top bloggers and their • Subscribed members from
by experts from R&D, web links to be featured previous platforms to be
• Tire training centre
end consumers in company homepage invited to social networks
• Online tire care guide
• Send updates on recent • People in social networks
• Online tire care reminder events and request mainly benefit from exploring
• To sustain this Reward
participation lives of friends, families,
• Reminder for promotions for top 5 Positions
colleagues and strangers with
• Incentivize first time
• Emergency tire service similar interest and concerns
joiners
• Send personalized
message to lurkers
Strategy Implementation
Implementation Plan for middleman centric approach
features
• Send invites to raw material suppliers and vehicle • Involve industry experts, analyst, experts from R&D • Send invites to the companies already
manufacturers subscribing to the previous platforms
• Facilitate two way communication
• Host discussion forums related to latest trends and • Provide fun and entertainment
• Involve the top management to ensure credibility
happenings • Upload videos
• Provide web links to research papers, top bloggers
Strategy Implementation
Implementation Plan for Buyer/Supplier centric approach
•Create E-community to
•Optimize the search
facilitate the two way •Create blog/twitter to
engine to get better
communication with exchange ideas
access to companies
industries
features
• Take advantage of the paid service in being ranked by • Send invites to already existing e-communities used • Host a blog where research experts can
the search engine result by vehicle manufacturers/raw material suppliers upload their ideas and exchange them with
the automotive industries/raw material
• The result headline display should contain attractive • Send invite to the companies who are yet to use
suppliers
theme associated with it social media platform
• Top management (GM, CEO etc) should take
• Host discussion forums with participants being able
the lead to ensure credibility
to log in so that security is assured
• Keep them updated about latest events for eg.
Trade expos
Selection of metrics for evaluating impact of social media
initiatives
Criteria used to choose metrics:
1. Awareness
2. Brand preference
3. Creating loyalty
4. Relationship
5. Information exchange
To assess the extent to which advertising audiences are being reached with sufficient frequency
Minimum number of exposures to an individual to achieve an appreciable
Effective frequency
effect in given time
Effective reach Percentage of audience exposed to ad >= effective frequency
Caution: Quantification of average customer's response to advertising
• In the present scenario when social media has made its presence everywhere early adopters
will get the advantages of first mover
• Since the value chain of automotive industry is a volatile chain with rapid changes in trends
and emergence of new markets, integration of social media into traditional business
processes can help tire industry in terms of better visibility, close proximity to customers and
up to date information.
• As of now, social media has been used only as a tool which can leverage the benefits of
traditional functions, but in the long run the possibility of it being used as a fully independent
function cannot be denied.
Appendix 1
Guidelines for private communities
1. Invite the right people, keep it private and small
10. Use the right mix of technologies and methodologies and keep experimenting
APPENDIX 2
Usage: Forecasts:
* 86% of B2B firms are using social media, compared to
82% of B2C. * B2B marketing spending on social networking sites is
* B2B firms aren’t as active in social, with only 32% projected to rise by 43%.
engaging on a daily basis as compared with 52% of B2C * B2B social media marketing spending will grow from
firms. $11M in 2009 to $54M in 2014.
* More than half (53.5%) of marketers surveyed said
they currently use social media as part of their marketing
strategy, up from 45% in 2009.
AVALON
Consulting
Presentations by:
112
2010 © Avalon Consulting. All Rights Reserved
Presentation 5
Team Name: Outliers Institute Name: SJMSOM- IIT Bombay
Participant Participant
Amit Kumar Dhanyal Gopi
Pic Pic
Pre MBA Experience – Senior Software Engineer : Pre MBA Experience – BDM ,Creanovation Labs ,
Netcore Solutions(2 years), Bangalore Bengaluru (3 months)
Software Engineer : TCS (11 months) , Bangalore Software Engineer, Infor Global Solutions,
Hyderabad (31 months)
Intern : VMWare(6 months) , Bangalore
Pre MBA Education – B-Tech ECE ,
Pre MBA Education – BE-Computer Science, MIT, Government Engineering. College ,Thrissur, Kerala
Manipal
Interests –
Interests –
Academic – Marketing Strategy, Sales, Branding
Academic – Consulting, Marketing, - Brand
promotion, Customer acquisition - retention Non Academic – Startups, LifeSkills Training,
B-plans, Latest Web Apps, Google products,
Non Academic – Entrepreneurship, B-plans, Badminton, Tennis, Sudoku, Chess, Music,
Cricket, Badminton, TT, Clubs, Music, Computer Blogging, StartupSaturdays, Barcamps, et al.
Games
AVALON
Consulting
Outliers ….Lead with us, ALWAYS
Team Outliers
SJMSoM
Education Tremendous Very High Highly Highly The barrier Very large Very high Very high
impact in Intensive Comfortable is very low, number of growth level of
disseminatin Knowledge so more players potential personalizati
g information based Industry clients termed on can be
always as achieved
sunrise
sector. Sector
has not
matured
Electronics Not much Not much Knowledge Very High Large Good growth Low level of
impact impact Intensive comfortable number of potential, but personalizatio
players the sector is n
more mature
Constructio Not much Not much Not much Not very High Good Fluctuating Low level of
n and Real impact impact as the knowledge comfortable number of demand and persoanlizatio
Estate industry is intensive and is players growth. n
not very restrictive for Sector is
organized normal mature.
businesses
Health Normal social Normal impact Knowledge Comfortable Entry barrier Not many Good growth Not high level
Care media impact of social media intensive with the use is high for players in potential and of
on industry on business industry but of health care products and the sector is personalizati
process is easily Technology products and services not very on
available low for mature
services
Automo Good Impact on Not much The industry Comfortable Very high Very less Not very Not high level
bile the industry impact on the is knowledge with entry barrier number of good growth of
business intensive but technology in the players potential. personalizati
process restrictive industry Terrible on can be
during era of achieved
recession
2. Clean Energy
Very High Social Media Impact as the industry is very affluent
Very high Impact of Social Media on the business process, because of the richness of the allied industries
Highly knowledge intensive industry but the information is not readily available
Very comfortable with technology.
Entry barrier is high both for products and services.
Many new emerging players in industry, supported extensively by government.
Very high growth potential. The industry is in still in its inception stage and is immature
High level of personalization possible ,especially in services that can be offered by the business houses.
The businesses which will come under the umbrella of B2B social media marketing of Clean Energy sector are:
1. Renewable energy market
– Wind Power
– Hydropower
– Solar energy
– Biomass
– Biofuel
– Geothermal
– Tidal
– Nuclear
– Photo voltaic market
2. Services available
– Carbon trading
– Emission reduction
– New plant setup
– Green building
Online Games Yes Social gaming websites Easy to learn for students
AVALON SUNTZU : OUTLIERS-SJMSOM
Social Media Services-Clean Energy sector
Service Applicability (Y/N) Specifics Reasons
Photo
Twitter Facebook Blogging Videos Pod Casting BookMarking Widgets Wiki
Sharing …….
Accessed from Outlier’s UI provided to client
API Request
Outlier’s
Analytics Tool Outlier’s Server Infrastructure
Social CRM
Supplier 1
Client and the suppliers can Request/
connect to 3 Social media Reply
websites
Supplier 2
Desktop Application
Client
…….
Connected to Outlier’s Server
Supplier n
AVALON SUNTZU : OUTLIERS-SJMSOM
USP : Outlier’s Core System Architecture
• Outliers social website:
– Contains the details of all the social media presence of all the firms registered with us in the two verticals Education & Training
and Clean Energy sectors.
– A single point source to explore the various firms in the above 2 sectors
– Essentially for the upcoming firms in these 2 sectors which don’t have much visibility in the sector
• Client’s corporate website:
– Customized clients’ websites which is social media friendly as per the sector , which is SEO optimized
• Creation of social media presence
– As per the sector various social media profiles will be custom designed
• Server Infrastructure Social CRM
– Collect , collate , measure the data/transactions received from the social media.
– Acts a single point of contact for all the clients.
• Outliers analytics tool
– Provide the various social media analytics based on the above data collected
• Outliers Desktop Client
– Will be using the social media APIs in order make the social media accessible from within the organization
– The GUI acts as a single point to access all the metrics, analysis
– The suppliers and the client can connect themselves and can use the inbuilt social media application for very specific business
needs.
Blogging
Microblogging
Analyze Social Networking Discover
results community
Video sharing
Document sharing
Social bookmarking
Podcasting
Engage Create
community Photosharing content
Virtual worlds
Wikis
Syndicate Market
content content
AVALON SUNTZU : OUTLIERS-SJMSOM
Social media strategy
Define
Objectives
Client
Marketing
Feedback
Strategies
Analysis of
Measure
data
Sales
collected
Click through rate Average shared links CTR What the followers like
Presentations by:
138
2010 © Avalon Consulting. All Rights Reserved
Presentation 6
Team Name: The Juggernauts Institute Name: IIM Kozhikode
Participant Pic
AVALON
Consulting
The Juggernauts
IIM Kozhikode
• Business Segment
• Integration of Social Media and Value Chain
Primary Activities – Marketing, Sales and Service
• Rationale, Goals and Possible Social Media Tool
•s
Support Activities – Technology Development and Procurement
• Communities of practice
Support Activities – Human Resource Management
• Social Media concepts that can be applied
The Outposts
The auto component industry is one of the most dynamic in the B2B space, given the tremendous growth of the Indian auto industry in the past few
years. With the slew of models specifically designed for India, there is a need of high level integration in the supply chain as was the case with Tata
Nano . Social Media as a tool can aid this process and make it more efficient and agile.
External External
Suppliers Customers
Internal
Upstream Downstream
Firm Infrastructure
Activities
Technology Development
Procurement
Marketing and
Inbound Logistics Operations Outbound Logistics Service
Sales
Primary Activities
Note: Processes in red in the value chain that can benefit from Social Media Adoption
Primary Activities – Marketing, Sales and Service (1 of 3)
Revenue Cycle
Social media can play a key role in integrating the otherwise separate parts: Sales Cycle and CRM through a revenue cycle,
which begins before prospects are even identified to after they become customers and continues to the CRM
Primary Activities – Marketing, Sales and Service (2 of 3)
People who create People who act as People who use RSS Just maintain profile on Viewers – Read
content and publish Critics. Post rating, comment,
Feeds, add tags, Social networks blogs, Visit Pages,,
E.g.)Blogs, WebPages, Upload
review etc Boomark etc Watch Videos etc
video
43 % 58 % 48 % 55 % 91 %
Primary Activities – Marketing, Sales and Service (3 of 3)
Communities of Practice
• An all inclusive
platform for co-
ordinated
OEM’s development
• Faster New Product
What are our goal and
Development
objectives ?
• Identification of
prospective suppliers
• Build long-term
relationships with
Rationale
suppliers
Suppliers Assemblers
• Information Sharing
• Content Creation
Content Creation Where can Social
• Collaborative
media be used ?
Product
Development
Support Activities – Technology Development and Procurement (2 of 2)
Top
Management
Rationale
Employees
from the top management, using
Twitter, blogs etc • Social Networking
• Improve knowledge management websites
Horizontal
Company and create communities of • Blogs and
and Vertical
practice Discussion Forums
employee
• Initiate discussions on all company • Podcasting and
engagement
policies to take feedback and Webcasting
improve these policies • Widgets
• Propagate best practices from all
corners to the entire company
PHASE 2 : IMPLEMENTATION
Overall Social Media Adoption Strategy
Phased Implementation Employee Engagement
Don’t put all eggs in one basket 1 Do away with the social media barriers 1
Prioritize the goals and implement in phases Encourage social media usage at work
Overall Strategy
External Engagement Measuring ROI
Encourage social media adoption by partners 1 Align ROI metrics with the goals and objectives 1
Highlight potential benefits across the value chain Define measurable metrics for each goal separately
Convert social media into a religion 2 Measure both quantitative and qualitative impact 2
Help partners attain the potential benefits Consider the brand, customer and market impact
• Dedicated team composed of • Extend team to include sales and • Technical group outside the core
Human business, marketing, technical and customer service representatives team that acts as POC for team
Resources human resource specialists and the rest of the organization
Marketing, Sales and Service Marketing, Sales and Service Technical Development
Supply Chain Management Supply Chain Management
Phase Wise Implementation Plan- The Home Base (1/2)
Develop a database to score the activity of prospects Buy a social media listening tool e.g.) Rowfeeder
Help in real time updation of the status of a prospect Will help in identifying prospects, gauging the current needs and
trends, insights about brand image
How does it work ?
Continuously Break down Identify facts, opinions, Measure Brand
run listening sentences requests and trends awareness level Brand Development
linguistically and brand loyalty
crawler Identify Brand Evangelists
An external web server to host a website, blogs and discussion Blogging and Discussion Forum Software
forums
In house resources to manage and ensure the smooth Rules and Policies to regulate the content on these platforms
functioning of these tools
Valuable Content focusing Articles on industry and Post Content which Create a common platform
for new and existing
on products & services technology by leaders customer is looking for customers, vendors
Promotes thought
Source of information. Source of information. Contribute and Respond to
leadership with a “human”
Builds trust and credibility Builds trust and credibility the discussions
face
Boosts search engine by adding inbound links. Improves Track the keywords used to Promotes thought
leadership, complaint
SEO reach website resolution
Social Networking
Customer
Facebook / LinkedIn / Create a corporate Profile customers to
Add customers gauge needs Relationship
Twitter profile Management
Brand Development
Create brand Constantly update
Buy CPC ads centered status to attract
applications traffic
LinkedIn Twitter
Social Networking tools consist of Facebook, LinkedIn and Twitter. These tools help are required right from the beginning, as they are used for
Brand Development, CRM and Collaborative Development
Phase Wise Implementation Plan – The Outposts (2/3)
Automatic
Identify interesting Share content with Continuously run
distribution to Viral Marketing
articles / content customers listening crawler
customers
Customize
newsletters to
address needs
Customer Acquisition
Phase Wise Implementation Plan – The Outposts (3/3)
Training and Collaboration solution Internal social networks given their due
Reduce costs of travelling, while maintaining richness and Exploit all sources of ideas, encourage collaboration within the
quality; increases knowledge transfer enterprise
How does it work ?
Mantra 1 Mantra 1
Mantra 1
Senior leaders showcase that they Promote collaboration amongst
Frequently communicate with
care for their employees geographically dispersed
employees through social media
employees
Mantra 2
Mantra 2
Listen to employee concerns, and Mantra 2
Engage employees in dialogue and
act on them. Social Listening is an Foster a culture of inter-vertical
personal discussions; allow
important component of this engagement by creating
managers to post feedback on
exercise communities of practice and
these media
hosting social media based events
Mantra 3 among various teams
Mantra 3
Provide opportunities to learn and
Create in-house social networks to
exploit social media for their and Mantra 3
engage employees within the
the company’s benefit Promote knowledge management
firewall
through the use of social media,
Mantra 4 with employees acting as thought
Mantra 4
Nominate employees as digital leaders
Allow employees to host
ambassadors to further their
conferences and podcasts, to
involvement
further knowledge dissemination
Measuring the ROI – The Model
Step 1 : Define Metrics for Measurable Metrics for each social media tool aligned with the goal – Explained
Step 2 : Define Metrics for measuring the non financial results , both qualitative and quantitative - Explained
Step 4 : Map financial metrics such as Sales Revenue, Number of Transactions and Number of new customers to the timeline
Step 5 : Capture how financial metrics are changing with time since social media was implemented
Step 6 : Relates the change in financial metrics with the activities performed in that period and hence filter the activities
Step 1 : Measuring the ROI- Define Measurable Metrics for Each Tool
Align the goals and objectives with the Social Media Tool and the Measurable Metrics
Social
Goal Measurable Metric
Media Tool
• No of visitors and the number of sources they come from
Blogs and
Brand Development, SEO • Time spent on blog and website
Website
• Increase in Page ranking due to key terms
• No of topics discussed by customers and vendors
Discussion • No of complaints registered and resolved
Brand Development, CRM
Forums • No of hours we interacted with customers
• Number of things discovered as customer insight
CRM and Customer No of complaints, Feedbacks, Positive WOM, Negative WOM, Quality of conversations, New Ideas
Engagement Generated through customers, Customer loyalty and satisfaction levels
Risk Management Learnings to prevent future attacks on reputation, Capabilities acquired handle a PR crisis
Market/External Impact
Collaborative No of new ideas discussed, Extent of new content creations, Extent of conversation on common platforms,
Development Levels of engagement with external suppliers/vendors
Innovation New Product launches through acquired knowledge, Impact of thought leadership on industry
Information Sharing Level of information sharing with suppliers, Level of knowledge sharing within the organisation
High Level Impact and Summary
Takeaways
Prepare the environment for social media
adoption ( Internal and External Culture)
Improved
Enhanced Collaborative Measure the ROI aligning it with goals and
Development Marketing
CRM tools. Consider financial and non financial ,
Strategy
quantitative and qualitative aspects
THANK YOU
mumbai
Raj Nair or K.A. Ramakrishnan or Naimish Dave or Jaldeep Sodhi
Casa Avalon
61 Dr SS Rao Road, Parel
Mumbai 400 012 - India
Phone : 91-22- 66191100
Fax : 91-22- 66191122
E-mail : mumbai@consultavalon.com
Website : www.consultavalon.com
chennai
Prem Chand
10, IIIrd Floor , Spur Tank Road
Chetpet, Chennai 600 031 - India
Phone : 91-44-43455345
Fax : 91-44-43455338
E-mail : chennai@consultavalon.com
new delhi
Sridhar V.
E-141, Okhla Industrial Area, Phase III
New Delhi 110 020
Phone : 91-11-40516600
Fax : 91-11-40516650
E-mail : delhi@consultavalon.com
AVALON
Consulting