The Rise of Social CRM: What it Means for Your Business

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Richard Hughes of Broadvision (which runs Clearvale, the enterprise social networking solution) explains what social CRM is and how it is changing businesses, both inside and out.

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The Rise of Social CRMWhat it Means for Your Business

Richard Hughesrhughes@broadvision.com

@_richardhughes

What is Social CRM?

“Social CRM is a philosophy and a business strategy, supported by a

technology platform, business rules, processes and social characteristics,

designed to engage the customer in a collaborative conversation in order to provide mutually beneficial value in a

trusted and transparent business environment.”

It is the company's programmatic response to the customer's control of

the conversation.”

Paul Greenberg

What’s wrong with this picture?

“In MarketingSherpa’s recent social marketing benchmark survey, 38 percent of marketers

responded that they have not yet begun planning a social CRM initiative”

Exploding 3 Social CRM Myths that Paralyze Business LeadersOctober 2011

Who owns “Social”?

Who owns the phone?

“Customer service is not a department, it's a company

culture”

“Customer service is not a department, it's a company

culture”

“We’re all marketers now”

“Customer service is not a department, it's a company

culture”

“We’re all marketers now”

“We’re all salesmen”

Talking Discussing

Hearing Listening

Public Social

Non-synonyms

Elvis Costello’s Guide To British English

Oliver’s Army is here to stayOliver’s Army are on their way

“I have the belief that the long term strategies do not reside in

these branded accounts, but rather with the employees themselves”

Frank Eliason

The Good

“It's one thing to read about your company, but when a customer can associate it with an actual person, it creates a deeper, more meaningful

connection to the brand”Tony Hsieh

The Good

The Bad

“A lot of times, people don't know what they want until you show it to them”

Steve Jobs

The Ugly

“Qwikster became the symbol of Netflix not listening”

Reed Hastings

Engage the customer

Engage the customer

Social Media

Engage the customer

“Enterprise 2.0” Social Media

Engage the customer

Customer communities

“Enterprise 2.0” Social Media

Mixed Metaphors

Gartner: Top Use Cases for Social CRM

Marketing

• Idea management• New product

market research• New product

launch• Social campaigns• Social Event

Networking• Public relations• Brand/reputation

promotion and defence

Customer service

• Peer-to-peer support

• Service customer feedback

• Service listen and respond

• Service process analysis

Sales

• Social sales prospecting and research

• Social sales collaboration

The company’s response

to the customer’s ownership of the conversation

Social Media MonitoringPeer-to-peer support

Enterprise 2.0 Social sales collaboration

Customer communitiesIdea management

Social CRM is…

all of the above

The company’s response

to the customer’s ownership of the conversation

Social Media MonitoringPeer-to-peer support

Enterprise 2.0 Social sales collaboration

Customer communitiesIdea management

a philosophy and a business strategy

Social CRM

Thank you

www.clearvale.comenterprisinglysocial.com

rhughes@broadvision.com@_richardhughes

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