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WHEN EMPLOYEES CONNECT, COMPANIES THRIVE. The Benefits of Enterprise Social Networking

Enterprise Social Networking Benefits

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The benefits of enterprise social networking are many and varied. Here we outline just some of them.

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Page 1: Enterprise Social Networking Benefits

WHEN EMPLOYEES CONNECT,COMPANIES THRIVE.

The Benefits of Enterprise Social Networking

Page 2: Enterprise Social Networking Benefits

Contents

AlignmentCollaborationProductivityInnovationCustomersExpensesKnowledgeEmployeesCommunicationCultureFlexibilityAgility

030915212733394551576369

The performance and productivity benefits that emerge from deploying an enterprise social network can be substantial. In this document we identify the top twelve business cases and 60 individual use cases.

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Alignment

YAMMER (2013)

Business Case 1

51% of employees reported that they felt more connected to their organisation’s mission and goals.

Create

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Use case 1: 1

help employees to see the big picture

Connectthe dotsinternally

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Use case 1:2

shared vision, strategy and objectives

Developshared

understanding

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Use case 1:3

connect the top to the bottom

Flatten theorganisation’s

hierarchy

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Use case 1:4

improve cross-boundary communication

Eliminateinternal

silos

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Use case 1:5

help leaders to see and understand what’s happening

Improve executiveoversight

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Collaboration

JIVE SOFTWARE (2010)

Business Case 2

Network users reported a 37% increasein project collaboration.

Foster

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Use case 2:1

encourage people to actively contribute

Accesscognitivesurplus

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Use case 2:2

break down geographical barriers

Enablevirtualteams

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Use case 2:3

collaborate on projects in shared spaces

Facilitatecross-functional

teamwork

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Use case 2:4

share data and documents in context

Fosterinternal

collaboration

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Use case 2:5

create more and deliver more

Achieverapid

breakthroughs

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Productivity

MCKINSEY GLOBAL INSTITUTE (2012)

Business Case 3

Research predicts these networks have the potential to reduce the time spent reading and responding to email by 25-30%.

Improve

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Reduceemail

overload

Use case 3:1

conduct online conversations in context

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Fewerinternal

meetings

Use case 3:2

resolve issues on the network

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Findinformation

faster

Use case 3:3

reduce time spent looking for ‘stuff’

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Improve employees’workflow

Use case 3:4

eliminate friction and choke points

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Streamlinework

processes

Use case 3:5

re-engineer work processes by making them social

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Innovation

MCKINSEY & COMPANY (2013)

Business Case 4

Executives reported that, on average, they were able to cut launch schedules by 20%.

Drive

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Crowdsource new ideas

and innovations

Use case 4:1

access your workforces’ collective wisdom

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Accelerate launch

schedules

Use case 4:2

make it happen faster, reduce friction

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Use case 4:3

connect internal and external communities

Increase customer intimacy

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Use case 4:4

make decisions openly and inclusively

Open up the decision-making

process

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Obtain theviews ofexperts

Use case 4:5

gain input from internal specialists

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Customers

JIVE SOFTWARE (2010)

Business Case 5

Network users reported a 33% increase in their customer satisfaction numbers.

Serve

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Buildbrandequity

Use case 5:1

stay abreast of customer sentiment

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Reducenumber of

support calls

Use case 5:2

resolve issues in online communities

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Increase customer

satisfaction

Use case 5:3

resolve customer problems faster

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Increase customer retention

Use case 5:4

stop customers leaving due to poor service

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Increasenumber of brand

advocates

Use case 5:5

turn customers into fans

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Expenses

MCKINSEY & COMPANY (2013)

Business Case 6

Executives reported that, on average, they were able to achieve a 10% reduction in operating costs.

Reduce

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Use case 6:1

eliminate the need for some travel

Reducetravelcosts

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Use case 6:2

drop redundant communication channels

Reduce communication

costs

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Use case 6:3

employee satisfaction = employee retention

Reduce recruitment

costs

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Use case 6:4

get rid of redundant IT platforms

Eliminatelegacy

systems

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Use case 6:5

flexible working leads to fewer permanent desks

Reduceoffice space

costs

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Knowledge

CHATTER SURVEY (2011)

Business Case 7

Network users reported that employees were able to find the information they needed 52% faster.

Disseminate

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Use case 7:1

make it easier to find and share information

Facilitate knowledge

management

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Use case 7:2

let employees become the curators of content

Highlight the most valuable

content

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Use case 7:3

help employees to find the people with the answers

Locatesubject matter

experts

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Use case 7:4

capture departing employees’ tacit knowledge

Preserve corporate memory

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Use case 7:5

share effective work processes

Propagateyour company’s

best practice

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Employees

JIVE SOFTWARE (2010)

Business Case 8

Network users reported a 30% increase in employee satisfaction.

Engage

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Use case 8:1

Attracttop graduate

talentthe top 10% of graduates expect social technologies

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Use case 8:2

get new recruits up to speed quicker

Accelerate employee

on-boarding

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Use case 8:3

deeper relationships, greater sense of belonging

Increase employee

satisfaction

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Use case 8:4

make work literally more engaging

Increase employee

engagement

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Use case 8:5

provide a satisfying day-to-day work experience

Achievebest employer

status

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Communication

JIVE SOFTWARE (2010)

Business Case 9

Network users reported that they were able to achieve a 29% increase in executive communication.

Enhance

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Use case 9:1

give employees a voice and a face

Improveinternal

communication

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Use case 9:2

make the leadership team more accessible

Buildtrust and rapport

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Use case 9:3

more open communication

Enabletwo-way

communication

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Use case 9:4

disseminate content more efficiently

Improve information

flow

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Use case 9:5

help employees to filter communication

Reducecommunication

overload

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Culture

JIVE SOFTWARE (2010)

Business Case 10

Network users reported that they were able to achieve a 39% increase in employee connectedness.

Refresh

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Use case 10:1

make it more open and collaborative

Reshape corporate

culture

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Use case 10:2

develop a more cohesive corporate culture

Foster a one-team

culture

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Use case 10:3

encourage people to become more involved

Build astronger

tribe

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Use case 10:4

less directive and more supportive

Inculcate a new management

style

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Use case 10:5

publically acknowledge people’s contribution

Facilitate employee

recognition

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Flexibility

YAMMER (2013)

Business Case 11

68% of employees stated that the process of communicating with colleagues in different locations was now simpler.

Enable

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Use case 11 : 1

work anytime and anywhere

Enableoffsite

tele-working

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Use case 11 :2

access via laptops, tablets, smartphones

Enablemobiledevices

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Use case 11 :3

help employees who work from home to collaborate

Enableremoteworkers

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Use case 11 :4

upload and download data on the road

Enablefield

workers

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Use case 11 :5

facilitate offsite deal management

Supportsales

people

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Agility

YAMMER (2013)

Business Case 12

80% of employees reported that they felt more informed about what was happening in their organisation.

Increase

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Use case 12:1

increase employee buy-in and commitment

Facilitatechange

management

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Use case 12:2

look beyond the horizon

Sense emerging issues and

opportunities

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Use case 12:3

agree a course of action and respond rapidly

Increaseorganisational

agility

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Use case 12:4

redeploy resources where they’re needed

Quicklyshift

shape

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Use case 12:5

permanent beta, never stand still

Adopt a‘do and learn’

approach

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Research sources

1. Alignment Yammer, Business Value Survey (2013)

2. Collaboration Jive Software, The Business Value of Social Business (2010)

3. Productivity McKinsey Global Institute, The Social Economy: Unlocking Value and Productivity Through Social Technologies (2012)

4. Innovation McKinsey & Company, Evolution of The Networked Enterprise (2013)

5. Customers Jive Software, The Business Value of Social Business (2010)

6. Expenses McKinsey & Company, Evolution of The Networked Enterprise (2013)

7. Knowledge Salesforce Chatter, 50 Ways to Transform Every Department with Chatter (2011)

8. Employees Jive Software, The Business Value of Social Business (2010)

9. Communication Jive Software, The Business Value of Social Business (2010)

10. Culture Jive Software, The Business Value of Social Business (2010)

11. Flexibility Yammer, Business Value Survey (2013)

12. Agility Yammer, Business Value Survey (2013)

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David CrostonSocial Business Strategist