2008 tribalization of business study
DESCRIPTION
Updated presentation as presented at the Community 2.0 Conference in Las Vegas in May 08. Email me to get access to the latest study results @ francois [at] beelinelabs.comTRANSCRIPT
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2008 TRIBALIZATION OF BUSINESS STUDY2008 TRIBALIZATION OF BUSINESS STUDY
How to Achieve Transformational Change through Communities and Social Networks
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A STUDY PRODUCED BY:A STUDY PRODUCED BY:
Deloitte (www.deloitte.com)
Beeline Labs (www.beelinelabs.com)
Society for New Communications Research (www.sncr.org)Society for New Communications Research (www.sncr.org)
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THE FINDINGS IN THIS PRESENTATION ARE BASED ON SURVEYS OF OVER 140 COMPANY OFFICIALS
WHO ACTIVELY USE COMMUNITIESWHO ACTIVELY USE COMMUNITIES
THE RESULTS ARE PRELIMINARY AND MAY CHANGE AS THE STUDY PROGRESSES
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OVERVIEW:
WHAT’S THIS TRIBAL THING ALL ABOUT?
W ?WHAT ARE THE MOTIVATIONS ALLOWING THIS TO WORK?
WHAT ARE COMPANIES USING THEM FOR?
WHO’S IN CHARGE – WHAT ARE THE ORGANIZATIONAL IMPLICATIONS?
HOW ARE COMPANIES MEASURING SUCCESS?
WHAT MAKES THEM SUCCESSFUL?
WHAT ARE THE INHIBITORS + BEST AND WORST PRACTICES?
CAN YOU BUILD COMMUNITIES WITH ANY DEGREE OF PREDICTABILITY?
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WHAT’S THIS TRIBAL THING ALL ABOUT?
Tribalism is the very first social system that human beings ever lived in and it has lasted much longer than any other kind oflived in, and it has lasted much longer than any other kind of
society to date. (Wikipedia)
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THE MOTIVATIONS ALLOWING THIS TO WORK…
People want to connect with peoplePeople want to connect with people
People want to help and be helped
People operate either in a SOCIAL framework
or a MARKET framework
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TOP USAGE SCENARIOS:
Customer serviceId ti
New Product Development
Idea generationAmplifying Word of MouthCo‐innovation
Market research Developer relations
Reputation management Product testing
CANARY IN THE COALMINE
Employee communications
Public relationsLONG TAIL SALES
General Marketing
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TOP BUSINESS OBJECTIVES:
Reduce market research costs
Bring outside ideas into the organization faster
Reduce market research costs
Generate word of mouthImprove PR effectiveness
Increase customer loyalty
Decrease customer acquisition costReduce customer support cost
Increase brand awareness
Decrease customer acquisition cost
Increase new product success ratios
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WHY ARE COMPANIES SETTING UP COMMUNITIES?
Speed of innovation – extending the edges of the organization
Learning organization
Reducing cost
Building trusted relations
Transformational power and game changing nature of communitiesTransformational power and game‐changing nature of communities
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WHO’S IN CHARGE?
Sales
Employee communications Product development
MARKETINGPublic Relations
IT
R&D
Customer serviceFinance
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ORGANIZATIONAL TRANSFORMATION…
You can start communities without changing the way you work, but successful communities will invariably transform your organizations…
New roles
New career pathsNew career paths
New business processes
‐ NEW ENERGY ‐
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THE CHANGING CMO ROLE…
Is the role of the CMO about to dramatically change?
Chief Community Officer – Representing the Voice of the Customer
oror
Doomed to Irrelevancy?
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Measuring progress and success – web analytics
50%
60%
70%
20%
30%
40%
0%
10%
20%
DISCONNECT:Not in support of any goal…
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Measuring progress and success ‐ business measures
50%
60%
30%
40%
10%
20%
0%
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MEASURING PROGRESS AND SUCCESS – QUALITATIVE
Tonality
Sustainability
Software downloads
engagement
Activity levelsImpact on salesParticipation rate
Sentiment
Impact on costAmount of learning
Anecdotal stories
Growth
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MEASURING PROGRESS AND SUCCESS…
The importance to measure the impact on business processes the same way as those p p p ybusiness processes are being measured today
The importance of metrics on behavior
Beware of rear‐view mirror effects
The importance of stories
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Community features contributing the most to effectiveness
40%
50%
60%
20%
30%
40%
0%
10%
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The biggest obstacles to making communities work
40%
50%
60%
20%
30%
40%
0%
10%
Could lead to prematureshutdown of community
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OOPS – IT WORKS…
Knowledge about customers
Reach of Word of Mouth for free
Advertising Revenue Knowledge about customersg
Id t d b iti
Lots of active usersGreater visibility
That our market really will tell us what they want ‐‐ if we just ask
Ideas generated by communities
How happy customers are with the outreach
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WHAT’S GOING ON HERE?
The more CONTENT you have the more MEMBERS you will get.
h S h h CO illThe more MEMBERS you have the more CONTENT you will get.
The better you match CONTENT and MEMBERS to MEMBER PROFILES the more MEMBERS and CONTENT you will get.y g
The easier it is to do TRANSACTIONS the more MEMBERS you will attract.
THOSE PILLARS CREATE THE DYNAMICS OF INCREASING RETURNS WHICH HELP
COMMUNITIES DELIVER GAME CHANGING RESULTS
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AND OF COURSE…
The Technology Infrastructure of the community is importantThe Technology Infrastructure of the community is important
The Social Infrastructure of the community is MORE important
BUT THEY ARE NOT AFFECTING THE ECONOMICS OF INCREASING RETURNS
THAT DELIVER GAME CHANGING RESULTS
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POTENTIAL COMMUNITY INHIBITORS…
Incentives
Corporate culture
Lack of physical componentLack of physical component
Community moderator profiles
Community social infrastructure
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COMMUNITY BEST AND WORST PRACTICES…
BEST WORST
Clear goals + purpose
Right talent
Start with technology
Marketing “campaign”Right talent
Commitment + time
Marketing campaign
Mixing business/consumer motives
Topic engenders passion
Social + communal
No facilitation
Metrics vs. business measures
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CAN YOU BUILD COMMUNITIES WITH PREDICTABLE SUCCESS?
Is the focus hitting a pain, interest that people need help, want to give help?g p , p p p, g p
Understand the importance of the size of your addressable community
If you do not have critical mass invest in professionally developed contentIf you do not have critical mass – invest in professionally developed content
If your community would not succeed in a discussion group – it will not work
YOU MIGHT GIVE UP SOME OF THE EFFECTS OF THE DYNAMICS OF INCREASING
RETURNS BUT STILL GAIN MORE THAN BY USING INTERRUPT TECHNIQUES
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OTHER INTERESTING FINDINGS…
Integration of the community with existing public communities – Facebook, twitterg y g p ,
The importance of time‐based events – innovation jams, events, etc.
There are differences in community behavior mobs swarms hives tourists fansThere are differences in community behavior – mobs, swarms, hives, tourists, fans
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SOME EARLY PREDICTIONS…
Communities will have a huge impact on organizational changeg p g g
Communities will transform the marketing organization and change the CMO role
A disconnect between metrics and goals and between community goals and businessA disconnect between metrics and goals and between community goals and business goals will lead to many failures
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CONCLUSION…
Communities can be build with predictable successp
Communities are transformational
If done properly the benefits are not level settingIf done properly, the benefits are not level‐setting –they are GAME‐CHANGING
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QUESTIONS?
[email protected]@deloitte.com
Project web siteProject web sitehttp://www.communityeffectiveness.com
Bloghttp://www.emergencemarketing.com