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Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business world…

Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

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Page 1: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Groundswell…Winning in a world transformed by social

technologies

Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business world…

Page 2: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

What is the Groundswell?And why should I care?

•The groundswell is: A social trend in which people use technologies to get the things they need from each other, rather than from traditional institutions like corporations.•Comes from the mingling of three factors

–People–Technology–Economics

•Offline allows business to create loyal customers that do not change their mind•Online customers change their mind often

–Constantly changing their mind and looking for a better deal or product

•Online Traffic = Money•Don’t try to avoid the groundswell

–Embrace it and you may be able to thrive in it

Page 3: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Digg…

• Digg is basically a website where you can “digg” certain news articles. The most popular stories become featured on the website

• 09 F9 11 02– The encryption for the “uncopyable” high definition DVD

format had been broken• The lesson learned… Don’t try and take something off the

internet, it will only draw more attention to it

Page 4: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Jujitsu and New Technologies

• Groundswell thinking is like the martial art, jujitsu– Harness the power of your opponent for your own

advantage• Important groundswell technologies

– Blogs, user generated content, podcasts• People creating

– Social Networking• People connecting

– Wikis • People collaborating

– Forums, ratings, and reviews• People reacting to each other

– Tags• People organizing content

– RSS and Widgets• Accelerating consumption

Page 5: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

The Social Technographic Profile

• Like demographics or psychographics but based more on technology behaviors– Grouping people on the amount and what type

of groundswell participation• 6 groups…

– Creators– Critics– Collectors– Joiners– Spectators– Inactives

Page 6: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

An example of the profile, and MTV

• Majority of young people in the US are joiners, over 60% have a facebook.

• Over 600 groups on facebook about MTV• Plenty of collectors, critics, and creators among the group

so MTV should use blogs, forums, and videos to attract their audience

Page 7: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

POST

• Post is a systematic series of steps for creating your groundswell activity plan– People

• Find out how your customers would engage in one of the groundswell activities

– Objectives• Define your goals. What are you going to use the

groundswell for– Strategy

• How do you want the relationship with your company to change

– Technology• Which of the groundswell technologies should you

use

Page 8: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Five successful objectives companies pursue

• Listening (research)• Talking (marketing)• Energizing (sales)• Supporting • Embracing (development)

Page 9: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Listening

• Two strategies– Start up your own private community– Start brand monitoring

• Six reasons why you should listen– Find out what your brand stands for– Understand how the buzz is shifting– Save research money; increase research

responsiveness– Find the sources of influence in your market– Manage PR crises– Generate new product and marketing ideas

Page 10: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Talking… not shouting• Traditional marketing shouts (repetition)• Talking with the groundswell

– Post a viral video– Engage in SNS’s and other user created content websites– Join a blog– Create a community

• Ten ways to start talking on a blog– Start by listening– Determine a goal– Estimate the ROI– Develop a plan– Rehearse– Develop an editorial process– Design the blog and its connection to your site– Develop a marketing plan so people can find your blog– Blogging is more than writing– Be honest

Page 11: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Energizing the groundswell

• Word of mouth can spread brand benefits everywhere with no cost to the company

• It succeeds because…– It’s believable– It’s self reinforcing– It’s self spreading

• Word of mouth is the most honest form of marketing

Page 12: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Help the groundswell support itself

• Traditional support can be annoying for both parties, as well as costly

• People are much more willing to trust each other over a company

• Participate in support forums and talk with customers

• Activity creates content, which creates traffic and links, which boosts search engine placement, which drives more traffic, etc…

• Monitor the online communities

Page 13: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Two examples of the groundswell supporting

Page 14: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

Embracing the groundswell

• Making customers an integral part of the way you innovate with both products and process improvements

• Makes things get done faster– Customers don’t take long to tell you what

they want– Your making continuous improvements, so

innovation happens quicker• Embracing takes a balance between

humility and skill– Use the humility to listen, then use your skill to

fix the current problem and make improvements

Page 15: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

The groundswell will change your company

• Will make your company more innovative– Become quicker and more accepting of new

technologies– Be able to adapt quickly

• To succeed with the groundswell your company must…– Start small– Educate your executives– Get the right people to run your strategy– Get your agency and technology partners in sync– Plan for the next step and the long term

Page 16: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

The groundswell within your company

• Use the groundswell to get insight from the whole company– The bigger the company the harder it will be to do so

• Information flows down the management level• Use wikis and SNS’s

– Use the groundswell to allow creativity to flow among the people that know how your business works best, the employees

• Internal groundswell is all about creating relationships• Encourage participation• Management must listen• Internal social applications need more trust

– More at stake for employees• Inactives are a bad thing

– Slow participation and do not allow the idea generation to pick up speed

Page 17: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

The future…• Lessons that will prepare you for the

future of the groundswell– First, the groundswell is about human to

human communication and interaction– Second, be a good listener– Third, be patient– Fourth, be opportunistic– Fifth, be flexible– Sixth, be collaborative– Seventh, be humble

Page 18: Groundswell… Winning in a world transformed by social technologies Charlene Li and Josh Bernoff shed some light on the most powerful force to hit the business

That’s all

Any questions??