1. Got Governance?

    Friday, 27 Jan 2012 No Comments Posted by:

    With the new year, you might find yourself cleaning up from 2011. Have you ever cleaned up your processes? Do you find that you have a lot of processes that were necessary at one time and now are abandoned? What happened? Did the need for the process expire?

    Too often the process is still needed, but the energy behind the adoption and adherence of the process has relaxed. Usually the energy of the process shows up in the form of a individual who is very passionate about the process or more importantly the outcome. When this person relaxes, others tend to relax too.

    How many times have you known that you have an expense report to submit, but delay in getting it done. Why? Ignorance? Probably not. No one is harassing you to get the expense report submitted. Bingo (no one is watching)! Some tension is necessary until processes are second nature. Often the tension is governance. Governance is a critical element of managing processes to ensure compliance.

    At Ant’s Eye View, we work with top brands moving across the Social Engagement Journey. In the journey, there is process design and process implementation. After some period of continued activity in stages 2 and 3, process atrophy can settle in if you don’t have the right governance in place. Hoping for process outcomes is not enough. Audit and frequent review of operational metrics ensure that process (and more importantly the outcomes) don’t suffer from Social Process Atrophy (getting lax on social outreach service levels, infrequent content generation). Governance is a necessary audit function. Your governance model might be in need of a tune-up.

  2. What is your Social Media ROI? Who Cares?

    Thursday, 29 Sep 2011 2 Comments Posted by:

    The ongoing crusade of answering “what it the ROI of social media?”, comes around every season. Two years ago I blogged about “Coping with Social Media ROI” especially since ROI was the yellow flag thrown onto the playing field to stall social media efforts.

    The dogma? If you can’t measure the ROI, we can’t spend money on social media. This season, however,  I’m optimistic that the ROI question gets traded for “what should I measure?”

    In 2011, I am finally seeing valuable measurement discussions in place of ROI question. Many books, speeches have been given about measurement. Readers and attendees line up to hear about ROI. The ROI formula is easy, and in case you don’t have the formula handy, here it is:

    ROI

    But we might have been asking the wrong question. What we SHOULD ask is “what do I need to measure to signal success with social media?” And the question should be asked when designing social media strategies, not to prevent social media planning.

    We’ve mentioned the Social Engagement Journey in blog posts before. A critical theme within this transformation journey is insights and analytics, the outcome of impactful measurement.

    journey

    At the crux of this theme is that within different stages of the journey, businesses have different requirements for measurement. At stage 2, you should be asking, “what should I measure?” And within Stage 2, a simple answer is to measure what will get you to the operational stage – metrics that will signal success in your social media operation and align with your objectives. For example, if your objective is brand reputation, then sentiment is an appropriate measure.

    AT&T was at this juncture in 2010. ROI was being asked for, but in reality, the question was “what should we measure?” Together with Ant’s Eye View, measurements were determined and a new framework devised that would support stage 2 and beyond. This measurement framework is a nominee for 2011 Forrester Groundswell Awards.

    stage3 iconAt stage 3, your needs are a more for a coordinated measurement framework to respond to the needs of multiple social strategies and outcomes. A holistic measurement framework is necessary to coordinate and communicate across business units and disciplines. Measurement is the stitching that can bring together siloed social media activities across the enterprise. If your culture that looks for measurement to validate, then you will need to update or align your current measurement framework to be inclusive of social media metrics (that signal business outcomes). If your culture is lacking a measurement discipline, then a social media measurement framework can be built.

    Still struggling with measurement? Start with the following:

    1. Conduct a self-assessment to determine current stage of the social engagement journey.
    2. Include your analytics and finance teams to help validate your social metrics.
    3. Be patient, you start first with operational metrics, refine over 2-3 quarters, then start planning for ways to align with financial metrics.

    Let us know what you think. How do you measure Social Media ROI?

  3. SXSWi 2012 – Tired of @#%ing Social Media Experts?

    Monday, 22 Aug 2011 No Comments Posted by:

    August in Austin, Texas – 105 degrees, football just starting and SXSWi Panel Picker wide open. And with the SXSWi panel picker ready for votes, now is the time for self-promotion. So here it goes…

    Back by popular demand, Sam Decker and I are hosting a New and Improved “Tired of   @#%ing Social Media Experts?” – the game show where the audience laughs, learns, swears, and has the opportunity to win a grand prize.  If you are skeptical of a prize, last year we crowned the Social Media expert and took a picture (pretty nice, right?)sxswi

    At SxSWi2011 we kicked off this idea. The reception was so overwhelming we decided to get the band back together. We thought about how we could improve the panel – the truth is that 2011 was solid gold, no improvement necessary. But still we are open for feedback on ways to improve our panel (go to panel picker http://panelpicker.sxsw.com/ideas/view/8951?return=%2Fideas%2Findex%2F10%2Fname%3ATired+of+%40 and leave a comment).

    If you love SXSW, but are overwhelmed, then join us for some comic relief from the barrage of data and people that you meet at SxSWi.

    So here’s what we’d ask of you:

    1) vote!

    2) get your friends to vote!

    3) please comment with your ideas on how to promote the panel

    Voting ends Friday, September 2. Stay cool.