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	<title>SMI &#187; Social Business and Enterprise</title>
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	<description>Social Media Intelligence, News &#38; Analysis</description>
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		<title>How to win the War for Talent? Social media in the workplace helps</title>
		<link>http://socialmediainfluence.com/2012/02/08/how-to-win-the-war-for-talent-social-media-in-the-workplace-helps/</link>
		<comments>http://socialmediainfluence.com/2012/02/08/how-to-win-the-war-for-talent-social-media-in-the-workplace-helps/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 09:53:26 +0000</pubDate>
		<dc:creator>Social Media Influence</dc:creator>
				<category><![CDATA[industry research]]></category>
		<category><![CDATA[Infographic]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[HR]]></category>
		<category><![CDATA[human resources]]></category>
		<category><![CDATA[internal communications]]></category>
		<category><![CDATA[social enterprise]]></category>
		<category><![CDATA[War for talent]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=8398</guid>
		<description><![CDATA[Attracting bright young recruits has been the focus of HR professionals at the world's largest companies for well over a decade now. It's been the subject of flashy magazine articles that look at Google's free lunches and Apple's compensation plans and the cool factor of working for Facebook (the impending mega IPO there helps). There's also hope for smaller firms looking to stay competitive in the talent wars: using social media for internal communications.]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2012%2F02%2F08%2Fhow-to-win-the-war-for-talent-social-media-in-the-workplace-helps%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2012%2F02%2F08%2Fhow-to-win-the-war-for-talent-social-media-in-the-workplace-helps%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/07/Foursquare.jpg"><img class="alignleft size-thumbnail wp-image-7121" title="Businesses are turning to social networks to sell their wares" src="http://socialmediainfluence.com/wp-content/uploads/2011/07/Foursquare-150x150.jpg" alt="" width="150" height="150" /></a>Attracting bright young recruits has been the <a href="http://www.fastcompany.com/magazine/16/mckinsey.html" target="_blank">focus</a> of HR professionals at the world&#8217;s largest companies for well over a decade now. It&#8217;s been the subject of flashy magazine articles that look at <a href="http://www.vanityfair.com/business/new-establishment/2011/casual-everydays-201110" target="_blank">Google&#8217;s free lunches</a> and Apple&#8217;s compensation plans and the cool factor of working for Facebook (the impending mega IPO there helps). There&#8217;s also hope for smaller firms looking to stay competitive in the talent wars: using social media for internal communications.<span id="more-8398"></span></p>
<p>According to a <a href="http://www.slideshare.net/apcoworldwide/infographic-use-of-internal-social-media-within-organizations" target="_blank">new study</a> by APCO Worldwide and Gagen MacDonald, employees really, really LIKE employers who have implemented social tools to upgrade their internal comms. So much so that 58% said they would prefer to work for a company that uses ISM (internal social media) and 86% said they would gladly refer others to work for this company as well.</p>
<p>The study mentions that wikis, blogs and Facebook-like platforms are quickly challenging the intranet as the preferred communications platform, continuing a trend that began a few years ago on the enterprise side. One of the most interesting findings of the report is what aspect of ISM is most valued. Quality content &#8211; accurate, pertinent and timely information &#8211; still rules the day. The second most valued aspect is the feedback/dialogue/collaboration component.</p>
<p>Here&#8217;s the rest of the study, presented in infographic form:</p>
<div style="width:477px" id="__ss_11281625"> <strong style="display:block;margin:12px 0 4px"><a href="http://www.slideshare.net/apcoworldwide/infographic-use-of-internal-social-media-within-organizations" title="INFOGRAPHIC: Use of internal social media within organizations " target="_blank">INFOGRAPHIC: Use of internal social media within organizations </a></strong> <iframe src="http://www.slideshare.net/slideshow/embed_code/11281625" width="477" height="510" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
<div style="padding:5px 0 12px"> View more <a href="http://www.slideshare.net/" target="_blank">documents</a> from <a href="http://www.slideshare.net/apcoworldwide" target="_blank">APCO Worldwide</a> </div>
</p></div>
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		<title>The amazingly gratifying angry customer service Tweet</title>
		<link>http://socialmediainfluence.com/2011/10/26/the-amazingly-gratifying-angry-customer-service-tweet/</link>
		<comments>http://socialmediainfluence.com/2011/10/26/the-amazingly-gratifying-angry-customer-service-tweet/#comments</comments>
		<pubDate>Wed, 26 Oct 2011 08:45:48 +0000</pubDate>
		<dc:creator>Bernhard Warner</dc:creator>
				<category><![CDATA[Customer Engagement]]></category>
		<category><![CDATA[industry research]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[customer service]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Maritz Research]]></category>
		<category><![CDATA[social crm]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=7838</guid>
		<description><![CDATA[I've only twice ever turned to Twitter to clear up a vexing customer service glitch. The results were deeply gratifying: I got a helpful response in a fairly timely manner resolving my ongoing feuds problems with Groupon Italia and Bank of America. Turns out I'm not alone in thinking this is the future of attentive customer service, as new research shows. ]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F10%2F26%2Fthe-amazingly-gratifying-angry-customer-service-tweet%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F10%2F26%2Fthe-amazingly-gratifying-angry-customer-service-tweet%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2010/06/twitter-customer-service.png"><img class="alignleft size-thumbnail wp-image-3078" title="twitter-customer-service" src="http://socialmediainfluence.com/wp-content/uploads/2010/06/twitter-customer-service-150x150.png" alt="" width="150" height="150" /></a>I&#8217;ve only twice ever turned to Twitter to clear up a vexing customer service glitch. The results were deeply gratifying: I got a helpful response in a fairly timely manner resolving my ongoing <del>feuds</del> problems with Groupon Italia and Bank of America. Turns out I&#8217;m not alone in thinking this is the future of attentive customer service, as new research shows. <span id="more-7838"></span></p>
<p>According to a Maritz Research survey, <strong>a whopping 83%</strong> of consumers were extremely grateful that the company they sent a grumbling Tweet to responded in some way. Maritz goes on to say:</p>
<blockquote><p>And just under 75 percent of those people who received a response were  very or somewhat satisfied with the response they received. A little  more than 15 percent said they were either very or somewhat dissatisfied  with the company’s response.</p></blockquote>
<p>When three out of four consumers checks the <em>satisfied</em> box you must be doing something right. What&#8217;s disappointing though is the overall response rate. <strong>Just 1/3</strong> of those who complained actually got a DM in response from the brand. They really missed a big opportunity. &#8220;For the two-thirds of respondents who didn’t receive an answer to their  complaint, a similar number, 86 percent, also would have liked or loved  to hear from the company,&#8221; Maritz explains.</p>
<p>eMarketer used this data to <a href="http://www.emarketer.com/Article.aspx?R=1008659" target="_blank">ask the question</a>: when should companies respond to angry Tweets? It turns out that different demographics have different expectations from their Twitter customer service experiences. For example, older consumers (age 45 and above) fully expect to get a response from the company when using Twitter to complain. What about the 18-35 age bracket? Less so, but still their expectations of a response are relatively high too.</p>
<p>It&#8217;s pretty clear that the 1/3 response rate, low now, will only grow as consumer-facing companies invest more in Twitter-bound customer service. eMarketer notes:</p>
<blockquote><p>Many  brands are responding to tweets and mentions in order to maintain their  reputations and sustain important customer relationships. According to a  <a href="http://www.forrester.com/" target="blank">Forrester Consulting</a> social media report commission by <a href="http://www.dell.com/" target="blank">Dell</a>,  58% of US marketers believe that listening and engaging with consumers  through digital media will help with customer perceptions of their  brand. Also, 56% said their social media efforts would aid in building  long-term customer relationships.</p></blockquote>
<p>Here&#8217;s the full breakdown of what brands expect to get out of this investment:</p>
<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/10/Twitter-customer-service.jpg"><img class="aligncenter size-full wp-image-7840" title="Twitter customer service" src="http://socialmediainfluence.com/wp-content/uploads/2011/10/Twitter-customer-service.jpg" alt="" width="393" height="412" /></a></p>
<p>It may seem like a massive investment, but building an attentive &#8220;social&#8221; customer service team should pay big dividends where it really counts: in customer satisfaction and loyalty. In theory it should also cut down on in-bound calls. In this way, the investment pays off double.</p>
<p>&nbsp;</p>
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			<wfw:commentRss>http://socialmediainfluence.com/2011/10/26/the-amazingly-gratifying-angry-customer-service-tweet/feed/</wfw:commentRss>
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		<title>Social Creative: We&amp;Co adds a new dimension to a tip and ‘cheers’</title>
		<link>http://socialmediainfluence.com/2011/09/19/social-creative-weco-adds-a-new-dimension-to-a-tip-and-%e2%80%98cheers%e2%80%99/</link>
		<comments>http://socialmediainfluence.com/2011/09/19/social-creative-weco-adds-a-new-dimension-to-a-tip-and-%e2%80%98cheers%e2%80%99/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 10:07:56 +0000</pubDate>
		<dc:creator>Rachel England</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Media News]]></category>
		<category><![CDATA[Technology and Innovation]]></category>
		<category><![CDATA[customer service]]></category>
		<category><![CDATA[Foursquare]]></category>
		<category><![CDATA[iPhone app]]></category>
		<category><![CDATA[service staff]]></category>
		<category><![CDATA[thanks]]></category>
		<category><![CDATA[We&Co]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=7608</guid>
		<description><![CDATA[For some, their local barista is a lifeline into a busy day, and when a big tip and a beaming 'thank you' just isn't enough, there's new iPhone app We&#038;Co.]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F09%2F19%2Fsocial-creative-weco-adds-a-new-dimension-to-a-tip-and-%25e2%2580%2598cheers%25e2%2580%2599%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F09%2F19%2Fsocial-creative-weco-adds-a-new-dimension-to-a-tip-and-%25e2%2580%2598cheers%25e2%2580%2599%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/09/WeCo-want-people-to-recognise-great-service.png"><img class="alignleft size-medium wp-image-7609" title="We&amp;Co want people to recognize great service" src="http://socialmediainfluence.com/wp-content/uploads/2011/09/WeCo-want-people-to-recognise-great-service-237x300.png" alt="" width="237" height="300" /></a>For some, their local barista is a lifeline into a busy day. Without the perfectly-poured coffee, stuff just doesn&#8217;t get done, days are spent in a fog of sleepiness and Monday mornings feel like black holes of stress and woe. For facilitating your amazing transformation from gibbering idiot to fully-functioning achiever, the person behind the counter at your regular coffee haunt deserves a medal.<span id="more-7608"></span></p>
<p>In absence of a government-sanctioned barista recognition system, though, and where a hefty tip and big beaming ‘thank you’ just isn’t enough, there’s <a href="http://weand.co/home.php" target="_blank">We&amp;Co</a>, a new iPhone <a href="http://itunes.apple.com/us/app/we-co/id448178784?ls=1&amp;mt=8" target="_blank">app</a> soft-launched last month that allows customers to provide thanks to service staff, individually by name.</p>
<p>Built on the Foursquare API, profiles are portable from job to job or among current jobs, so service staff can build up their personal ‘brands’. If they’re customer service heroes then they, their employers and everyone frequenting their place of employment will know it – no doubt very welcome news to service staff, who can often feel taken for granted or irrelevant.</p>
<p>With the strap line ‘Thank different’, We&amp;Co aims to enhance the relationship between customers and service employees, and allow people to build a ‘little black book’ of great servers, as well as discovering their friends’ favorites. It adds a long-term benefit to the simple act of purchasing goods, too, as this post notes on We&amp;Co’s <a href="https://www.facebook.com/#!/weandco?sk=wall" target="_blank">Facebook</a> page:</p>
<blockquote><p>The coolest thing has started to organically happen using We&amp;Co. When I ask service professionals for their names they&#8217;ll innately ask me for mine. Now, when I walk into my &#8216;regular spots&#8217; they actually welcome me by MY name! It&#8217;s like we&#8217;re old pals! I now want to tip them more, learn more about them, and continue to want to come back.</p></blockquote>
<p>Like Foursquare, there are a number of achievements to be unlocked and perks gained, too. Employees can become the ‘boss’ of their business if they receive the most thanks over a 30-day period, and users can receive personalized perks from their favorite employees.</p>
<p>But it’s not just about coffee and sandwiches. We&amp;Co has opened its platform up to <a href="http://thank911heroes.com/" target="_blank">Thank911Heroes</a>, so that users may individually thank the people that displayed truly selfless, heroic behaviour during the September 11 attacks – an innovative way for people to display their gratitude for actions during this horrendous period, and one which also depicts the expansion potential of the We&amp;Co model.</p>
<p>In its first month, 6,000 users signed up to We&amp;Co and by all <a href="http://adage.com/article/digital/social-media-app-helps-service-employees/229820/" target="_blank">accounts</a> the model has some substantial marketing backing. A web-version is on the cards, as is an Android model, and the brand plans to hit 100,000 downloads in the next couple of months.</p>
<p>The potential for We&amp;Co to integrate social media and real life relationships is huge, and if it takes off your morning coffee experience will leave you full of warm fuzzy feelings, as well as that much-need caffeine boost.</p>
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		<title>Social commerce spotlight: Farmigo connects people with fresh produce</title>
		<link>http://socialmediainfluence.com/2011/09/16/social-commerce-spotlight-farmigo-connects-people-with-fresh-produce/</link>
		<comments>http://socialmediainfluence.com/2011/09/16/social-commerce-spotlight-farmigo-connects-people-with-fresh-produce/#comments</comments>
		<pubDate>Fri, 16 Sep 2011 06:51:51 +0000</pubDate>
		<dc:creator>Rachel England</dc:creator>
				<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Commerce]]></category>
		<category><![CDATA[Farm]]></category>
		<category><![CDATA[Farmigo]]></category>
		<category><![CDATA[Fresh vegetables]]></category>
		<category><![CDATA[Produce]]></category>
		<category><![CDATA[social commerce]]></category>
		<category><![CDATA[social network]]></category>
		<category><![CDATA[Startup Battlefield]]></category>
		<category><![CDATA[Tech Crunch]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=7597</guid>
		<description><![CDATA[With continual talk of billions of dollars floating around the social commerce sphere, it’s easy to imagine the dollar signs flashing in the eyes of investors and entrepreneurs alike. However, a pleasing break from the money-focused merry-go-round was launched this week in the form of Farmigo]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F09%2F16%2Fsocial-commerce-spotlight-farmigo-connects-people-with-fresh-produce%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F09%2F16%2Fsocial-commerce-spotlight-farmigo-connects-people-with-fresh-produce%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/09/Farmigo-aims-to-connect-people-with-real-food.jpg"><img class="alignleft size-full wp-image-7598" title="Farmigo aims to connect people with real food" src="http://socialmediainfluence.com/wp-content/uploads/2011/09/Farmigo-aims-to-connect-people-with-real-food.jpg" alt="" width="251" height="211" /></a>With continual talk of billions of dollars floating around the social commerce sphere, it’s easy to imagine the dollar signs flashing in the eyes of investors and entrepreneurs alike. A consumerist society gets the goods it craves, and the fat cats make their money. That’s capitalism and it’s working nicely.</p>
<p>However, a pleasing break from the money-focused merry-go-round was launched this week in the form of <a href="http://www.farmigo.com/" target="_blank">Farmigo</a>, a social network that connects customers with fresh, local produce. In doing so, regional farms broaden their customer base and people have easy access to the tasty, organic food we’re all told so often we should be eating.</p>
<p><iframe width="560" height="315" src="http://www.youtube.com/embed/cy7ig2OsdIY" frameborder="0" allowfullscreen></iframe></p>
<p>As <a href="http://www.smartplanet.com/blog/intelligent-energy/farmigo-a-social-network-for-fresh-cheap-food/8742?tag=nl.e660" target="_blank">SmartPlanet</a> notes, Farmigo is essentially a cross between community-supported agriculture (CSA) and a Groupon deal. There are already around 1,500 farms in action in the US, but to create another, enough people need to ‘buy in’ to a particular farm. The farm will then take orders and schedule deliveries of its produce to a set pick-up point – a community hall or school, for example.</p>
<p>Farmigo itself takes two percent of every sale – a reasonable figure given that the produce is being sold cheaply, at wholesale prices (which is the network’s major appeal to consumers) – and it’s a model that works well enough to have caught the attention of judges at <a href="http://disrupt.techcrunch.com/SF2011/startup-battlefield/" target="_blank">Tech Crunch Disrupt</a>, where it reached the final in the ‘Startup Battlefield’, although was kept off the top spot by avatar-based chatroom, <a href="http://www.pcmag.com/article2/0,2817,2393009,00.asp" target="_blank">Shaker</a>.</p>
<p>Nonetheless, this is good exposure for Farmigo, which currently boasts only a meagre following on <a href="https://www.facebook.com/#!/Farmigo?sk=app_186864368067805" target="_blank">Facebook</a> and <a href="http://twitter.com/#!/farmigo" target="_blank">Twitter</a>. Given the CSA aspect of the company, it relies heavily on word-of-mouth and as such could utilize social platforms to great effect. Certainly, a Facebook application would complement the idea well – users could log in to let others know that they’re joining the real food revolution, or buying in for a new local merchant (after all, their social circle is likely to be geographically relevant to this). Better yet, if Farmigo could develop a sophisticated app that would allow users to place orders via Facebook (and in the long run perhaps even a transactional Facebook storefront), then the F-commerce landscape would diversify away from the onslaught of capitalist consumables and start having a wholly more meaningful impact on our lives away from the web.</p>
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		<title>Social Commerce Spotlight: Borders ignores the elephant in the room</title>
		<link>http://socialmediainfluence.com/2011/07/22/social-commerce-spotlight-borders-ignores-the-elephant-in-the-room/</link>
		<comments>http://socialmediainfluence.com/2011/07/22/social-commerce-spotlight-borders-ignores-the-elephant-in-the-room/#comments</comments>
		<pubDate>Fri, 22 Jul 2011 09:27:59 +0000</pubDate>
		<dc:creator>Rachel England</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Commerce]]></category>
		<category><![CDATA[Social Commerce Spotlight]]></category>
		<category><![CDATA[social media marketing]]></category>
		<category><![CDATA[announcement]]></category>
		<category><![CDATA[Borders]]></category>
		<category><![CDATA[liquidation]]></category>
		<category><![CDATA[online presence]]></category>
		<category><![CDATA[social engagement]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=7206</guid>
		<description><![CDATA[As no bidders came forward to buy the company, bookselling chain Borders is singing its swan song this week, and is heading for liquidation. Its remaining 399 US stores will begin winding down today, but what's happening on its social media channels?]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F07%2F22%2Fsocial-commerce-spotlight-borders-ignores-the-elephant-in-the-room%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F07%2F22%2Fsocial-commerce-spotlight-borders-ignores-the-elephant-in-the-room%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/07/Borders.jpg"><img class="alignleft size-medium wp-image-7207" style="margin: 10px;" title="Borders ignores its social media channels" src="http://socialmediainfluence.com/wp-content/uploads/2011/07/Borders-300x180.jpg" alt="" width="300" height="180" /></a>As no bidders came forward to buy the company, bookselling chain Borders is singing its <a href="http://www.thebookseller.com/user?destination=news/borders-us-close.html">swan song</a> this week, and is heading for liquidation. Its remaining 399 US stores will begin winding down today.</p>
<p>Over ten thousand employees will be made redundant and bookworms with a Kobo account purchased through Borders have been left <a href="http://www.pcmag.com/article2/0,2817,2388778,00.asp">confused</a> by what Kobo lawyers are calling a ‘hurried and confusing’ sale process of Borders’ stake in the e-book maker. In short, it’s a big deal.</p>
<p><span id="more-7206"></span>But over in Borders’ social media sphere, it looks like business as usual. Their <a href="https://www.facebook.com/Borders?sk=wall">Facebook</a> page reveals nothing of the company’s impending closure (but hasn’t been updated since the announcement), and ol’ <a href="http://twitter.com/#!/Borders">Borders Matt</a> has been merrily tweeting away about Comic Con and Harry Potter. As the social media ‘voice’ of the brand, it seems odd that he’s not mentioned <em>anything </em>about a development which has rocked the US bookselling industry, save for official party line replies to followers who have quizzed him about it.</p>
<p>“Thanks for being a great customer! Stores &amp; Borders.com are operating as usual &amp; we&#8217;ll have updates here,” he tweets repeatedly, before directing interested parties to a wholly <a href="http://bordersreorganization.com/">lacklustre page</a> of legal blurb which makes little or no sense to the average Joe.</p>
<p>And that’s the official Borders social media response to its impending liquidation. Utterly uninspiring.</p>
<p>This is not the first time we’ve seen businesses ignoring the elephant on the social media landscape; back in April we identified <a href="http://socialmediainfluence.com/2011/04/29/facebook-funerals-why-burying-bad-news-is-a-bad-idea/">four notable examples </a>of brands going down without so much as a cursory wave to its online audience, including the Flip video camera where Cisco, like Borders, took its sweet time to acknowledge the demise of its product to its social media channels.</p>
<p>And indeed, what’s the point, many would ask? If the situation is a write-off, why invest dwindling resources into a medium that only really existed to help pump more profit into the company? Well, according to a report by <a href="http://viewswire.eiu.com/report_dl.asp?mode=fi&amp;fi=358250220.pdf&amp;rf=0">The Economist Intelligence Unit</a>, retailers just don’t care that much.</p>
<p>Here are some notable stats:</p>
<ul>
<li>Only      12% of retailers have added full-time staff to manage social media</li>
<li>Only      6% measure ROI on social media investment</li>
<li>Only      12% believe social media marketing is more effective than traditional      marketing</li>
<li>84%      rate their social media efforts as poor or average</li>
<li>23%      monitor social sites but don’t actively participate</li>
<li>24%      don’t use social media to communicate with customers</li>
</ul>
<p>And a further point of note, in an independent study recently carried out by our friends at <a href="http://socialcommercetoday.com/">SocialCommerceToday</a>, 68% of retailers believe that if Facebook disappeared tomorrow, it would have no effect on their business.</p>
<p>Of course, you’d think that top dogs like Borders would be aware of the importance of engaging with their audience through social media (that’s an audience of 1.1 million combined fans and followers right there), and indeed they’ve taken the time to mingle, make nice and schmooze. But now the party’s over and they’ve slunk off without a word, and that’s just downright rude.</p>
<p>&nbsp;</p>
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		<title>Guest analysis: Moving from Social Media Monitoring to Social Business Intelligence</title>
		<link>http://socialmediainfluence.com/2011/06/16/guest-analysis-moving-from-social-media-monitoring-to-social-business-intelligence/</link>
		<comments>http://socialmediainfluence.com/2011/06/16/guest-analysis-moving-from-social-media-monitoring-to-social-business-intelligence/#comments</comments>
		<pubDate>Thu, 16 Jun 2011 12:47:36 +0000</pubDate>
		<dc:creator>Lee Bryant</dc:creator>
				<category><![CDATA[Guest Analysis]]></category>
		<category><![CDATA[Industry Case Studies & Presentations]]></category>
		<category><![CDATA[Measurement and Monitoring]]></category>
		<category><![CDATA[SMI11]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Media Influence Conference]]></category>
		<category><![CDATA[headshift]]></category>
		<category><![CDATA[Lee Bryant]]></category>
		<category><![CDATA[social media monitoring]]></category>

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		<description><![CDATA[Social media monitoring will evolve towards real-time data-driven business improvement based on socialising customer insight within the firm as a whole, not just within marketing and outbound communications.]]></description>
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			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F06%2F16%2Fguest-analysis-moving-from-social-media-monitoring-to-social-business-intelligence%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fsocialmediainfluence.com%2F2011%2F06%2F16%2Fguest-analysis-moving-from-social-media-monitoring-to-social-business-intelligence%2F&amp;style=normal&amp;service=ow.ly&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2009/02/headshift.jpg"><img class="alignleft size-full wp-image-474" title="headshift" src="http://socialmediainfluence.com/wp-content/uploads/2009/02/headshift.jpg" alt="" width="196" height="41" /></a>I have been thinking more and more about the various strands to  Social Business Intelligence, which is a major area of focus for us here  at Dachis Group in 2011. At our London summit earlier this year, I  spoke about the way open data inside and outside organisations can  uncover new sources of value and help drive performance improvement.  Yesterday, at the lovely <a href="../conference2011">Social Media Influence Conference</a>,  I spoke about how the field of Social Media Monitoring will become more  real-time, operational and valuable as it moves towards Social Business  Intelligence. <span id="more-7021"></span></p>
<p>In summary, I think social media monitoring will evolve towards  real-time data-driven business improvement based on socialising customer  insight within the firm as a whole, not just within marketing and  outbound communications.</p>
<p>Here are the slides, and a longer summary follows below for those of you who were not there:</p>
<p><strong><a title="From Social Media Monitoring to Social Business Intelligence" href="http://www.slideshare.net/leebryant/from-social-media-monitoring-to-social-business-intelligence">From Social Media Monitoring to Social Business Intelligence</a></strong></p>
<h3>Listening grows up; becomes more business-focused</h3>
<p>We have all been to events where people (sometimes me!) reference the <a href="http://www.cluetrain.com/">Cluetrain manifesto</a> and say that markets are conversations, and therefore we need to get  better at listening before we engage. But in reality, the fact that  ‘listening’ is still seen as a new and novel activity just goes to show  how alien this has been to the culture of large companies and brands for  so long.</p>
<p>But, looking at <a href="http://www.altimetergroup.com/how-corporations-should-prioritize-social-business-budgets">Altimeter’s survey of social strategists</a>,  it seems that listening, customer dialogue and word of mouth are now  high on most organisation’s spending priorities for 2011. This is a good  sign. Listening tools and techniques have evolved rapidly in the past  year or so, and the <a href="http://www.salesforce.com/company/news-press/press-releases/2011/03/110330.jsp">purchase of the market-leading Radian 6</a> by Salesforce suggests that listening platforms are now regarded as a key piece of the wider social business infrastructure.</p>
<p>However, current practice is still largely dominated by the ideas of  brand monitoring and buzz – in other words, it is still more about the  company or brand than the individual and their needs or interests. Brand  monitoring is a slightly narcissistic way of engaging – ‘<em>they love me … they love me not’</em> – and often tend to look at aggregate measures of sentiment (which is,  by the way, extremely unreliable) and reach, rather than specific  issues. But there are plenty of other ways to use listening platforms to  get a better idea of customer needs, opportunities, etc. We are working  on some quite specific listening campaigns to help refine clients’  service offerings, and this requires far more linguistic gymnastics than  asking “does my brand look big in this?”</p>
<p>Brand perception is obviously important, but I think utility matters  more to customers most of the time. This is why I love the way companies  like <a href="http://twitter.com/#%21/southwestair">Southwest Airlines</a> and others use Twitter in a very down-to-earth way, responding honestly and openly to complaints, questions and issues.</p>
<p>A fun little story that I think exemplifies the way utility trumps  “official” brand communications, and also illustrates the need to listen  and engage rather than jump feet first into social media, is the tale  of woe surrounding Tom Armitage’s Tower Bridge twitterbot.</p>
<p>I am sure our <a href="http://www.google.co.uk/search?q=tower+bridge&amp;hl=en&amp;client=safari&amp;rls=en&amp;prmd=ivnsum&amp;source=lnms&amp;tbm=isch&amp;ei=M7D4TZDnEYW5hAfV6pijDA&amp;sa=X&amp;oi=mode_link&amp;ct=mode&amp;cd=2&amp;ved=0CCgQ_AUoAQ&amp;biw=2554&amp;bih=1304">favourite bridge</a> needs no introduction. We love it and watch it every day (as some of you will know, often from the window of our <a href="http://www.toptable.com/venue/?id=1183#">favourite local eaterie</a>). It’s only downside is that when the bridge <a href="http://www.solarnavigator.net/geography/london_tower_bridge.htm">raises</a>,  we sometimes get stuck in traffic for 10 minutes or so on the way to  meetings in the city. Luckily, whilst he worked here, the lovely <a href="http://infovore.org/archives/2008/02/28/making-bridges-talk/">Tom Armitage</a> created a twitterbot for the bridge that would diligently tweet bridge  openings and closings, and even tell you the name of the boat sailing  through, all based on public data. Beyond its practical utility, the  twitterbot gave the bridge a personality in the social web, and <a href="http://www.telegraph.co.uk/technology/twitter/6174606/Londons-bridges-in-war-of-words-on-Twitter.html">inspired other inanimate objects</a> to do the same (incidentally, the SF writer Bruce Sterling coined the term <a href="http://www.viridiandesign.org/notes/401-450/00422_the_spime.html">spimes</a> in 2004 for this very purpose).</p>
<p>At some point, the marketing people at the corporation of London, who run the <a href="http://www.towerbridge.org.uk/TBE/EN/">Tower Bridge Exhibition</a>,  decided they had the right to the “official” twitter handle  @towerbridge and applied to Twitter to have it handed over to them.  After trying and failing to contact Tom, Twitter sadly complied with  this request and what began as a public utility (that also did a great  job of promoting the bridge) turned into a <a href="http://twitter.com/#%21/TowerBridge/status/70808514100080641">dull, series of weak marketing messages</a> for the exhibition. Perhaps the Corporation of London thought it had ‘followed a process’ and so everything was ok.</p>
<p>To cut a long story short, a minor twitter storm ensued with over  1,250 tweets mentioning @towerbridge in just a few days (approx. 50% of  the 3 year total), almost all of which were very critical of the  Corporation of London’s disregard for both Tom, the Twittersphere and  the users of the bridge. I would hate to be the one trawling through the  sentiment analysis for their newly minted Twitter account. Finally,  realising their mistake, and to their credit, the people involved  contacted Tom and the bridge now tweets at the rather unmemorable <a href="http://twitter.com/#%21/twrbrdg_itself">@twrbrdg_itself</a>, presumably to “protect” the brand equity of the exhibition.</p>
<p>Listening and analytics cannot, of course, undo stupidity like this,  but there are many other situations in which earlier action in response  to product or service problems or user issues could be possible thanks  to real-time data.</p>
<h3>Some pointers for data-driven business</h3>
<p>There are several areas in which I think listening and analytics will  grow up to become more business relevant, and if they do, then I think  they can play a major role in helping businesses evolve in a more  customer-centric way:</p>
<ul>
<li>Instead of studying a microcosm of online social activity, we should  try to immerse ourselves in the ecosystem and be closer to the context  of what is being said and shared.</li>
</ul>
<ul>
<li>In addition to listening to opinion, it also makes sense to gather and connect behavioural data so that future <a href="http://www.zdnet.com/blog/hinchcliffe/using-social-software-to-reinvent-the-customer-relationship/699">social marketing efforts</a> can build up a rounded picture of customers and their needs.</li>
</ul>
<ul>
<li>Don’t just listen to external conversations – also point analytics  at internal conversations and see if there are common themes or  correlations between them (e.g. someone in product teams suggesting  feature X might be buggy should ideally be picked up before customers  begin complaining).</li>
</ul>
<ul>
<li>Share streams of listening data internally as widely as possible to  bring everybody closer to customers, and involve the whole company (not  just marcomms) in making sense of the data and what actions it suggests.</li>
</ul>
<ul>
<li>Think carefully about who should ideally action customer insight,  and bring them into the listening loop. For example, efforts by  Gatorade, Dell and others around social media command centres have shown  great promise in immersing C-suite execs in the flow of customer  insight, and that helps them understand what social media teams are  trying to do and why.</li>
</ul>
<ul>
<li>Move beyond reports and dashboards and find new ways to share  real-time data ‘in the flow’ of peoples’ work. Reports have never been a  particularly effective way of changing behaviour, but in this case  their limited distribution and the time lag effect both limit their  usefulness.</li>
</ul>
<h3>The “who owns social” question</h3>
<p>In order to action some of the points above, the perennial question  of how to organise for social cannot be ignored. Who “owns” social (if  anybody)? How do different business functions come together to make it  work? These are not easy questions to answer after decades of increasing  specialisation and silo-building, but without at least an interim  answer to this question (even if it is as simple as a co-ordination  committee), there may be problems ahead.</p>
<p>Ideally, we would recommend the kind of podular structure that my colleague Dave Gray has <a href="http://www.dachisgroup.com/2011/05/give-pods-a-chance/">written about recently</a>.  It is interesting to note how Amazon – a very data-driven business –  uses small teams or pods to drive tiny features on each Amazon web page,  and how they use he vast amount of behavioural data generated by the  site to tweak, improve or remove these features in an approach dubbed  ‘Data Darwinism.’</p>
<h3>Actions speak louder than algorithms</h3>
<p>Why do we listen? We listen to learn and inform action. But how do we  act? This is the key question that can help us close the loop between  insight and results. All the data in the world will not help if we do  nothing with it. Right now, one of the problems we see with listening  campaigns is that the insights go no further than the marketing  department, but they are not able to pull the right levers within the  company to act on them. This was one of the take-aways from Jaimie  Punishill’s entertaining talk at the 2010 Social Business Summit in  Austin, and from what I understand, it came up in his <a href="http://sxsw.keepstream.com/social-graph/slaying-the-four-horsemen-of-the-social-media-apocalypse">2011 SXSW panel</a> on the challenges of doing customer engagement using social media as well.</p>
<p>So how can we both improve the way we make sense of customer insight  whilst also encouraging people to take ownership of the issues  identified?</p>
<p>We are working on the application of social analytics to this problem  for clients that want to take the next step beyond passive listening.  The basic idea is this: start by surfacing a stream of potentially  actionable events or insights within a social environment inside a  client’s organisation, and give people the opportunity to easily flag  items as actionable / non-actionable or to claim them as actions.  Claiming actions in the open, we believe, encourages a culture of  ownership but also helps others learn what sort of actions and  resolutions work best. The logical next step is to reward those who are  best at filtering, sharing, escalating or claiming actions, perhaps  through simple game mechanics or visible rewards.</p>
<p>We believe that open data can encourage greater self-management from  staff by giving them the real-time feedback on how their efforts are  playing out in terms of results. This can play a vital role in creating  the conditions for evolutionary improvement in companies interested in  harnessing customer insight to drive performance.</p>
<p><em>Lee Bryant was a keynote speaker at Social Media Influence 2011. He Tweets at <a href="http://twitter.com/leebryant" target="_blank">@leebryant</a>. </em></p>
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		<title>The double pyramid of a successful social business</title>
		<link>http://socialmediainfluence.com/2011/05/26/the-double-pyramid-of-a-successful-social-business/</link>
		<comments>http://socialmediainfluence.com/2011/05/26/the-double-pyramid-of-a-successful-social-business/#comments</comments>
		<pubDate>Thu, 26 May 2011 10:38:52 +0000</pubDate>
		<dc:creator>Social Media Influence</dc:creator>
				<category><![CDATA[Guest Analysis]]></category>
		<category><![CDATA[SMI11]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Media News]]></category>
		<category><![CDATA[Dachis Group]]></category>
		<category><![CDATA[double pyramid]]></category>
		<category><![CDATA[enterprise 2.0]]></category>
		<category><![CDATA[headshift]]></category>
		<category><![CDATA[social business]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=6831</guid>
		<description><![CDATA[Any good social business is built on two carefully balanced pyramids, which mirror two different approaches that are required to coexist in a business that wants to thrive in a world where its customers are highly connected.

The first pyramid is the business as it's usually intended. It is built top-down, where decisions and strategies are decided at the top level and propagated downward toward a single carefully crafted communication channel, which might even span or multiple media, but still fundamentally "broadcast" in nature.]]></description>
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<p>By Davide Casali</p>
<p>Any good social business is built on two carefully balanced pyramids, which mirror two different approaches that are required to coexist in a business that wants to thrive in a world where its customers are highly connected.</p>
<p>The first pyramid is the business as it&#8217;s usually intended. It is built top-down, where decisions and strategies are decided at the top level and propagated downward toward a single carefully crafted communication channel, which might even span or multiple media, but still fundamentally &#8220;broadcast&#8221; in nature.</p>
<p><span id="more-6831"></span></p>
<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/05/dachispyramid.jpg"><img class="alignleft size-full wp-image-6832" title="dachis double pyramid" src="http://socialmediainfluence.com/wp-content/uploads/2011/05/dachispyramid.jpg" alt="" width="217" height="237" /></a>This kind of approach usually takes its driving force from both the company values and its market strategy, building on them and trying to find the correct way to communicate to an audience.</p>
<p>The second pyramid is the business as perceived and lived by its customers, by the people using its services, and it is by nature bottom-up. It is also bigger, of course, and made up by a complex network of discussions, relationships and interactions with the brand itself. This second pyramid is going to exist regardless of any action in this direction from the business itself, because it&#8217;s a natural evolution of the interactions between people.</p>
<p>This very simple metaphor means two very important things:</p>
<p>1. The ownership of the social element in a business is a coordination between the top pyramid and the bottom pyramid &#8211; one cannot exist without the other. Trying to take complete ownership of that often translates into an alienated audience, while at the same time complete carelessness can lead to blunt surprises when the complex social interactions emerge in a more united response.</p>
<p>2. The balancing of the top pyramid, the business itself, is simpler if you allow it to &#8220;merge&#8221; it with the bottom pyramid by engaging the workforce. This means for the business to engage more with its users, allowing the internal people to interact with the external people, as human beings and not behind the company-controlled wall. This process creates an ecosystem with permeable boundaries that translates directly to more permeability, stability and feedback to improve the business itself.</p>
<blockquote><p>There are just a few delegate places left for the Social Media Influence 2011 conference. <a href="../conference2011/index.html">Register here</a>.</p></blockquote>
<p>There are various strategies to surface this double pyramid and allow the two pyramids to begin to merge. While the strategy itself may vary a lot between businesses, there are two core elements:</p>
<p>1. The person the business wants to talk and interact with needs to be understood in terms of values and motivations. Failure to understand them leads to a negative ROI, while a correct understanding ampli?es the good signals and creates value for both the person and the business.</p>
<p>2. The ecosystem is a complex adaptive system. Complex systems can&#8217;t be built, but can be evolved through good social experience design that is able to pick the correct signals and amplify them in the direction that is better for both the person and the company.</p>
<p>An excellent example of this is the <a href="http://lab.vodafone.it">Vodafone Lab community</a> (Italian language only), created in July 2008, as an open space to test and get feedback from users and developers on new and innovative solutions coming out of Vodafone&#8217;s tech team.</p>
<p>Developers are a core component in these kinds of community, and they are usually driven by a slightly different set of values. They are often highly curious individuals, trying to find optimal solutions for a problem, and they aspire to be recognised for their skills. Money and prizes here are not major motivators, but challenges and responses are very valuable.</p>
<p>Vodafone started creating a very small service, engaging a few people and then constantly evolved its wiki, forum and blog services in order to adapt to the needs that the users were expressing, supporting them with a constant and transparent feedback. Over the years, more and more features were added, but never more than the users required, and today the site supports them with technology news and informative videos as well.</p>
<p>At the beginning of 2011, the site reached more than 200,000 registered users, with a really high level satisfaction, which comes across clearly in the forums and answers, with people apparently happy to help solve problems and provide hints, creating value for both themselves and Vodafone.</p>
<p>This is a good example of a community that evolved its double pyramid, understanding people and designing &#8220;nudges&#8221; that helped the community to take shape, and integrated the top-down pyramid with the bottom-up one in a seamless social layer.</p>
<p><em><strong>Davide Casali is a Hybrid User Experience Designer for <a href="http://www.headshift.com/">Headshift</a>, a sponsor of Social Media Influence 2011. <a href="http://socialmediainfluence.com/conference2011/index.html">Register now</a> to hear Headshift director Lee Bryant speak at the conference on June 14.</strong></em></p>
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		<title>What the Venetians could teach us about social business</title>
		<link>http://socialmediainfluence.com/2011/05/12/what-the-venetians-could-teach-us-about-social-business/</link>
		<comments>http://socialmediainfluence.com/2011/05/12/what-the-venetians-could-teach-us-about-social-business/#comments</comments>
		<pubDate>Thu, 12 May 2011 12:48:03 +0000</pubDate>
		<dc:creator>Bernhard Warner</dc:creator>
				<category><![CDATA[Customer Engagement]]></category>
		<category><![CDATA[Events]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Commerce]]></category>
		<category><![CDATA[Social Media News]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Ambassador David Thorne]]></category>
		<category><![CDATA[Barilla]]></category>
		<category><![CDATA[Cisco]]></category>
		<category><![CDATA[DEF11]]></category>
		<category><![CDATA[Diego Piacentini]]></category>
		<category><![CDATA[Digital Economy Forum]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[Intel]]></category>
		<category><![CDATA[Intesa Sanpaolo]]></category>
		<category><![CDATA[social media customer service]]></category>
		<category><![CDATA[social media marketing]]></category>
		<category><![CDATA[social media outreach]]></category>
		<category><![CDATA[U.S. Embassy in Italy]]></category>
		<category><![CDATA[Venezia]]></category>
		<category><![CDATA[Venice]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=6756</guid>
		<description><![CDATA[For a good 500 years, spanning the 12th to 17th centuries, the Republic of Venice was the world power of maritime trade, with an influence that spanned Europe, Africa and the Far East. Its influence today is greatly reduced, but it's still a fitting venue to discuss the future of the digital economy as we've been doing at the Digital Economy Forum.]]></description>
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<p><a href="http://socialmediainfluence.com/wp-content/uploads/2011/05/Venice-grand-canal.jpg"><img class="alignleft size-thumbnail wp-image-6758" title="Venice grand canal" src="http://socialmediainfluence.com/wp-content/uploads/2011/05/Venice-grand-canal-150x150.jpg" alt="" width="150" height="150" /></a>For a good 500 years, spanning the 12th to 17th centuries, the Republic of Venice was the world power of maritime trade, with an influence that spanned Europe, Africa and the Far East. Its influence today is greatly reduced, but it&#8217;s still a fitting venue to discuss the future of the digital economy as we&#8217;ve been doing at the <a href="http://www.digitaleconomyforum.it/" target="_blank">Digital Economy Forum</a>.<span id="more-6756"></span></p>
<p>The likes of Google, Amazon, Cisco, Intel and some big Italian brands, Barilla and the bank Intesa Sanpaolo, have led a series of discussion here on topics ranging from social- and mobile commerce to social media marketing to innovation and entrepreneurialism. Italy, it must be pointed out, is a curious market to lead some of these discussions. The impact of the digital economy here represents about 2% of national GDP, well behind that of France and the UK. Still, there are some interesting things happening in the market here that could have a spillover effect into the wider digital world.</p>
<p><strong>The impact of mobile</strong></p>
<p>Italians are mobile-mad. While broadband penetration rates remain relatively low, the mobile penetration is staggeringly high here. High enough even to <a href="http://conversations.nokia.com/2011/03/29/mobile-ownership-across-the-world-infographic/" target="_blank">impress Nokia</a>. And there are examples of innovative <a href="http://www.wired.com/wired/archive/13.11/posts.html?pg=6" target="_blank">geo-based projects</a> that predate by years what&#8217;s happening today in the wider wired world. No wonder then that Amazon is eyeing big things from mobile here, and throughout much of Europe. Diego Piacentini, SVP of Amazon, has this to say about mobile and tablet commerce:</p>
<ul>
<li>Mobile commerce (and shopping apps in general) is more than just &#8220;shrinking the screen&#8221; of the online store to fit a PDA or iPad.</li>
<li>Mobile has unique features to be exploited not possible with a PC: price comparison via QR codes, photos and even speech recognition.</li>
<li>consumer experience shifts from &#8220;I want that&#8221; to &#8220;I bought that&#8221; anywhere, anytime.</li>
<li>handsets will be the most common browsing device, beating out the PC in the next few years.</li>
<li>Tablet shopping = couch shopping.</li>
</ul>
<p><strong>Social media marketing: even banks get it now</strong></p>
<p>I spoke with Fabrizio Paschina, head of advertising and web for Intesa Sanpaolo. He has a small team of four that in the past year started to respond individually to the many questions they were seeing posted by consumers daily about their products. Here&#8217;s what they&#8217;ve achieved in just two months:</p>
<ul>
<li>Simply by responding to customer queries posted on various public forums they managed to eliminate 90% of the confusing and negative sentiment about the brand and its products. 90%! Clarifying confusion could be the biggest way to clean up your brand image with a demanding public.</li>
<li>Banks are sitting on impenetrable product brochures with detailed information, some helpful, some tiny fine print. A smart customer outreach team can, in response to a query, Tweet or post the relevant bits of information to confused customers and &#8220;really build a connection&#8221; with the public.</li>
<li>My favorite insight of the event: for banks, the low-low interest rates of today mean they&#8217;re not making much money from their high-margin products (loans and mortgages). It&#8217;s imperative then that banks adapt social media outreach &#8220;where we can earn a valuable customer relationship.&#8221;</li>
</ul>
<p><strong>Manage customer data to predict the future</strong></p>
<p>This was a challenge put forth by Stefano Maruzzi, country  manager of Google Italy. Maruzzi used these three words – &#8220;predict the present&#8221; – to sum up the  challenge facing all consumer brands in the digital age. Making sense of  the massive output and outpouring of data consumers produce on a daily  basis, much of which touches brands directly, is the key to business  survival. The key to understanding shifting tastes, fickle public  sentiment has never been more crucial. Luckily for brands, these  conversations have never been so accessible.</p>
<p><strong>If you want to see an Italian version of the digital future, call on the Americans!</strong></p>
<p>It&#8217;s lost on nobody here that this event is organized by the U.S. Embassy in Italy. <a href="http://www.state.gov/r/pa/ei/biog/127148.htm" target="_blank">Ambassador David Thorne</a>, with a background in finance and publishing, has been sitting in on every panel and asks some probing questions. And the counterparts in the Berlusconi government? Not a single Berlusconi <del>dinosaur lackey</del> appointee is in attendance, nor have they even beamed in with a few encouraging words to the attendees. This truly discourages the Italian entrepreneurs in attendance. At one point, American entrepreneur Susan Koger, by way of introduction, mentioned in a panel that she started <a href="http://www.modcloth.com" target="_blank">Modcloth</a> at the age of 17 (now the second-largest growing privately held company in the U.S.) That&#8217;s a precocious success story we are unlikely to see here in the bel paese as long as the current gerentocracy remains in power here.</p>
<p>&nbsp;</p>
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		<title>Social media funding: InsideView looks pretty good from the outside too</title>
		<link>http://socialmediainfluence.com/2011/04/01/social-media-funding-insideview-looks-pretty-good-from-the-outside-too/</link>
		<comments>http://socialmediainfluence.com/2011/04/01/social-media-funding-insideview-looks-pretty-good-from-the-outside-too/#comments</comments>
		<pubDate>Fri, 01 Apr 2011 13:22:05 +0000</pubDate>
		<dc:creator>Social Media Influence</dc:creator>
				<category><![CDATA[Funding]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Media Funding Profile]]></category>
		<category><![CDATA[Cap Gemini]]></category>
		<category><![CDATA[Experian]]></category>
		<category><![CDATA[Foundation Capital]]></category>
		<category><![CDATA[InsideView]]></category>
		<category><![CDATA[Radian6]]></category>
		<category><![CDATA[Salesforce.com]]></category>
		<category><![CDATA[social analytics]]></category>
		<category><![CDATA[social crm]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=6479</guid>
		<description><![CDATA[InsideView hosts a social CRM software platform that aggregates unstructured information on a particular topic or brand from a number of sources including traditional news, financial markets and social media networks. This information can then be used to develop sales leads.]]></description>
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<p><strong><a id="internal-source-marker_0.6643314380377172" href="http://www.insideview.com/"></a><a id="internal-source-marker_0.6643314380377172" href="http://www.insideview.com/"><a href="http://socialmediainfluence.com/wp-content/uploads/2011/04/insideview_logo.jpg"><img class="alignleft size-full wp-image-6481" title="insideview_logo" src="http://socialmediainfluence.com/wp-content/uploads/2011/04/insideview_logo.jpg" alt="" width="170" height="72" /></a>InsideView</a></strong><br />
<strong>Location:</strong> San Francisco<br />
<strong>Founded:</strong> 2005<br />
<strong>Sector: </strong>Social CRM/social business</p>
<p><strong>Description:</strong> InsideView  hosts a social CRM software platform that aggregates unstructured  information on a particular topic or brand from a number of sources  including traditional news, financial markets and social media networks.  This information can then be used to develop sales leads.<span id="more-6479"></span><br />
<strong>Big Wins:</strong> On March 24 InsideView <a href="http://newenterprise.allthingsd.com/20110324/insideview-an-intelligence-dashboard-for-salespeople-raises-12-million/">announced</a> a $12 million series C funding round lead by Foundation Capital. The  company has more than 1,000 corporate customers, including Adobe, BMC,  Cap Gemini and Experian. In 2007, InsideView acquired its closest  competitor at the time, TrueAdvantage. To date, the company has raised  $37.4 million.</p>
<p><strong>Future Challenges:</strong> Social  media analytics is a crowded field, only the best capitalized with a  deep client roster will win. This turf now appears to be in the hands of  Salesforce.com, following its <a href="../2011/03/30/the-radian6-acquisition-and-what-it-means-for-social-media-monitoring/">Radian6 acquisition</a>.</p>
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		<title>Social media funding: Vitrue&#8217;s Facebook connections look good to investors</title>
		<link>http://socialmediainfluence.com/2011/04/01/social-media-funding-vitrues-facebook-connections-look-good-to-investors/</link>
		<comments>http://socialmediainfluence.com/2011/04/01/social-media-funding-vitrues-facebook-connections-look-good-to-investors/#comments</comments>
		<pubDate>Fri, 01 Apr 2011 13:11:49 +0000</pubDate>
		<dc:creator>Social Media Influence</dc:creator>
				<category><![CDATA[Funding]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social Business and Enterprise]]></category>
		<category><![CDATA[Social Media Funding Profile]]></category>
		<category><![CDATA[Advent Venture Partners]]></category>
		<category><![CDATA[Crocs]]></category>
		<category><![CDATA[Dick's Sporting Goods]]></category>
		<category><![CDATA[Harley Davidson]]></category>
		<category><![CDATA[mentos]]></category>
		<category><![CDATA[Scale Venture Partners]]></category>
		<category><![CDATA[social media management]]></category>
		<category><![CDATA[social media monitoring]]></category>
		<category><![CDATA[Vitrue]]></category>

		<guid isPermaLink="false">http://socialmediainfluence.com/?p=6475</guid>
		<description><![CDATA[Virtue has developed a social media management platform that helps clients create and maintain their social media presence while effectively engaging with their followers to monitor the results.]]></description>
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<p><strong><a href="http://socialmediainfluence.com/wp-content/uploads/2011/04/vitrue-logo-jpg.jpg"><img class="alignleft size-thumbnail wp-image-6476" title="vitrue logo jpg" src="http://socialmediainfluence.com/wp-content/uploads/2011/04/vitrue-logo-jpg-150x150.jpg" alt="" width="150" height="150" /></a><a href="http://www.vitrue.com">Vitrue</a></strong><br />
<strong>Location: </strong>Atlanta<br />
<strong>Founded:</strong> 2006<br />
<strong>Sector:</strong> Social media analytics/social business</p>
<p><strong>Description:</strong> Virtue  has developed a social media management platform that helps clients  create and maintain their social media presence while effectively  engaging with their followers to monitor the results.<span id="more-6475"></span></p>
<p><strong>Big Wins:</strong> In February Vitrue <a href="http://techcrunch.com/2011/02/16/vitrue-raises-17-million-for-to-help-brands-manage-social-media/">announced</a> it had closed a $17 million series C round of investment led by Scale  Venture Partners and Advent Venture Partners. From Q2 to Q3 in 2010,  Vitrue doubled its revenue by tripling its number of clients, a list  that includes Harley Davidson, Mentos, Dick’s Sporting Goods and Crocs.  To date it has raised $29.2 million.</p>
<p><strong>Future Challenges:</strong> Vitrue operates in a very competitive sector, the monitoring  and managing of conversation across a variety of social networks and discussion venues for its clients. It has already  been ahead of the game on new social features such as location-based  sharing, but it will need to keep ahead of its clients’ fan base to  ensure an effective product.</p>
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