SlideShare a Scribd company logo
1 of 15
Download to read offline
ESSENTIAL EXECUTIVE’S
T he       GUIDE

                                      to
                     TO SOCIAL MEDIA

Interact                     Engage    Connect                              Lead
 A Kwazi Communications Publication
 www.kwazicommunications.co.za
                                           Find us on
                                           The Essential Executive’s Guide to Social Media   1
Contents

Introduction– Why Executives should take note of Social Media                              3


Why Executive Engagement is essential                                                      6


Key areas of leadership in a ‘social’ organization                                         7


The Role of the Executive                                                                  9


Who is getting it Right-Case Studies                                                       10


Best Practices and Tips                                                                    12


Information                                                                                14
Sources                                                                                    15

                                                                The Essential Executive’s Guide to Social Media   2
This book offers readers a quick overview of how social media has changed the business
landscape, the workplace, consumers and society as a whole. It outlines your role as the
executive, offering best practices and tips on how to lead effectively in the digital age.

           WHY EXECUTIVES SHOULD TAKE NOTE OF SOCIAL MEDIA
1. The uptake of social media has been consistently rising and social media has entered the
workplace, with or without the awareness or consent of enterprise leadership.

2. Social Media has been on the rise, yet executive engagement has lagged behind.

3. Customers are increasingly expecting executive engagement on social platforms.

4. Social Media has the potential to offer crucial insight answers for those wanting to be
relevant and understand new and emerging markets.

5. Social media is growing across cross new demographics, with facebook recording a high intake of
older consumers and the trends in emerging markets showing rural engagement is growing.




                                                                  The Essential Executive’s Guide to Social Media   3
Employees are using Social Media

                                                                        “27% of workers check
Top 10 Uses for Social Media                                             their social networks
                                                                       before their work e-mail.”
1. Maintain contact with family, friends & acquaintances
2. Find information, opinions and expertise
3. Share information, opinions & expertise                   Social Media’s exponential
4. Curate information                                                 growth
5. Find & Network with business contacts                   1.2 billion facebook users
6. Locate new business leads                               + 1000 0% growth on pinterest
7. Research products and services
                                                           125 million on linkedIn
8. Investigate brands for differentiation
                                                           190 million tweets daily
9. Compare market offerings
10. Discover trends                                        (January 2013 figures)




                                                                   The Essential Executive’s Guide to Social Media   4
How Digital Communication & Social Media are Changing Business
                                      Customers expect real time, 24/7 response, customer
    RISE OF THE EMPOWERED             service and assistance
           CONSUMER
                                      The relationship with customers is no longer top-
                                      down; marketers have lost control of this dynamic
The consumer’s voice is now a force
                                      Social Media has changed the consumer decision
       to be reckoned with
                                      journey, with buyers seeking reviews and opinions
                                      from peers and other influencers.
                                        Two-way and multi-channel communication
                                       Multi-platform engagement
                                       (smart phone, tablet, laptop, gaming, TV etc.)
                                       Increasing use of internet and social media to
                                       research and select vendors
                                       Rapid pace of new technology adoption
                                       Globalisation of brands
  CULTURE OF DIGITISATION


                                                          The Essential Executive’s Guide to Social Media   5
Why Executive Engagement is Essential
                                                          “82% of respondents were more likely
 EXTERNALLY                                                   to trust a company whose CEO and
                                                              leadership team engage with Social
B2C and B2B look to social media to differentiate
                                                              Media.”
between brands and the sentiments reflected
on these platforms influence the decision to do
business with you – or your competitors.

 INTERNALLY                                            EXECUTIVE SOCIAL MEDIA ENGAGEMENT
                                                       SUGGESTS
Social Media is the new conversation hub of an          Inclusiveness
enterprise, offering executives the opportunity to      Forward thinking

share information, up to the minute insights on what    Interest in stakeholder interests

is happening at the top levels, and in return on how
to solve problems, sell products and services and
serve customers.                                       ABSENCE FROM SOCIAL MEDIA SUGGESTS
                                                        Lack of transparency
“77% of respondents were more likely or much
                                                        Conservative
more likely to buy from a company whose values
                                                        Out of touch
and mission are defined through CEO and
                                                        Inaccessibility.
  Executive leadership participation on social
                     media.”
                                                               The Essential Executive’s Guide to Social Media   6
Key Areas of Leadership in a ‘Social’ Enterprise
Brand &      How the online community judges your enterprise–this can be positive, negative or neutral.
             The quality, credibility, likability of your brand can be created, or destroyed.
Reputation
Strategic    Utilisation of digital tools, including social media to engage customers, suppliers and
             employees. Selection of channels, identifying new business and operating models.


ROI          How much time and resources will your company invest in digital communication and social
             media the short to long term? How will you ensure that there is a return on this
             investment?

Procedural   Employees should be equipped to protect themselves and the enterprise. Social Media
             Literacy is a must. Social media guidelines/policy to protect the enterprise in the event of
& Legal      legal action. Classifying information to protect IP, outline best practices and establish a
             digital team to manage your efforts.

Security     Social Media is an entry point for cybercrime, scams and phishing scams. Maintaining
             systems and keeping security up to date across networks and on devices is essential.


IT &         Software management tools, social media dashboards, and online security
Systems      protocols are key to maintaining smooth, up to date operations.

                                                                     The Essential Executive’s Guide to Social Media   7
Trends in Digital CEO Engagement
                                    Over 50% of CEO’s expect social
                                    channels to be a primary way of
                                    engaging customers in the next 5                  52 % of CEOs intend to
                                                                                     make significant changes to
                                    years.
                                                                                       their organizations to
                CEOs see                                                                 improve internal
             technology as                                                                 collaboration
               an enabler
           of collaboration &
              relationships



 CEOs expect technology to be                                                            More than 70% of CEOs
 the #1 driver of change in their      Highest-performing                                    are seeking deeper
 organizations over the                enterprises are already                                 understanding of
 next 3 - 5 years                      developing far more open                             Individual customer
                                       cultures and embracing                              needs and improved
                                       the most disruptive forms                                responsiveness.
                                       of new Innovation.




                                                                       The Essential Executive’s Guide to Social Media   8
The Role of the Executive
Leading in the Digital Communication age is filled with unprecedented opportunity to
communicate with customers (potential and existing), staff, suppliers and other stakeholders.

As in other areas of the business, executives set the tone and influence the environment in their
enterprise, either creating an ethos of engagement and collaboration or a conservative, cautious
culture.

As exciting as these opportunities are, they are       WHAT IS EXPECTED FROM
is coupled with risks such as security, privacy,
leaking of information and potential                         EXECUTIVES
reputational damage.
                                                    1. Develop Long Term Digital Strategy
Indications are that Social Media usage will only
gain more momentum and dominance as a               2. Assemble Digital Skills and Capacity
corporate communication tool, and the demand
for executive engagement will get stronger.
                                                    3. Thought leadership
                                                    4. Manage Risk
What leaders do and how they do it will be
closely observed by audiences.                      5. Allocate resources
                                                                   The Essential Executive’s Guide to Social Media   9
Getting it Right             WHO: Sir Richard Branson
                             STATS: 2, 7million+ followers on twitter
                                       1,2 million + followers on linkedIn
                                       500, 000 readers per month on blog
                              (figures as at Jan 2013)

Sir Richard Branson started blogging in 2008, experimenting in various social media platforms and five
years later, he literally has millions of followers. He posts about what is happening in the Virgin group,
but also offers commentary on what he is passionate about– entrepreneurship, innovation, travel and
current affairs.
    What Branson says about Social Media

    The power of online followers is that they amplify messages by sharing or linking information
    Gives companies the ability to speak directly to customers
    Social Media gives a real-time view of how to improve      “Through customers' comments, we
                                                               started learning about issues with our
Branson's’ Advice to Executives                                products and services more quickly than
 Be authentic and organic                                     ever before.
 Start now                                                    In response, we set up systems so that a
 Answer questions in a straightforward manner                 customer who has a question or a
 Respond frequently                                           problem can get a quick answer from
 Have fun                                                     our team.”
                                                                        The Essential Executive’s Guide to Social Media   10
Getting it Right                             WHO: FNB CEO, Michael Jordaan
                                             STATS: 23, 000+ followers on Twitter
                                             WINNER: IABC Leading Employee Communicator
                                             Award

Michael Jordaan has been tweeting about the benefits of social media since July 2009. He tweets
about the bank, wine, sports, humour and issues of the day.

Jordaan on Social Media
   It allows us to build and reinforce ongoing        “What I really like about Twitter is
     relationships with both existing and potential    that it’s short and sometimes there’s
     customers right across the business               time for short bursts of conversation.
   Marketing uses social media to drive               Having started to do it, I can really
     awareness                                         see the benefit.”
   Deliver valuable information and enable
     discovery
   Customer support leverages social channels to enhance education, solicit feedback and
     respond to complaints
   Sales Departments increasingly look to social media to support customer acquisition
     strategies

                                                                  The Essential Executive’s Guide to Social Media   11
Social Media Engagement– What Every Executive Should Know

Before you start that blog, or tweet, there are a few things you probably need to be aware of or
to think about, to ensure that your entry and ongoing engagement in social media is successful.

Your position will warrant more attention. You have the power to make decisions, and therefore
the power to influence. There will be more of a spotlight on you.

You are an extension of the business. Be mindful of the fact that you don't have the privilege of a
‘private persona’. Even when speaking in your personal capacity, be aware that your attitude,
beliefs and outlook will be seen to have bearing on the organization you lead.
Have a litmus test for posting. Before you start, ask yourself what qualifies for public
dissemination. Remember that your posts will constitute a permanent record (even if you erase
them) that some readers will apply literal interpretation, so you need to have some criteria for
what is postable and what is not.
Be genuine and truthful. People expect nothing less, if they feel as if you are putting on a show,
you will alienate your community.
Pay attention to comments. Social Media is not a one-way communication channel. Be prepared
to accept comments, to be challenged and most importantly, to act on feedback.
                                                                 The Essential Executive’s Guide to Social Media   12
Simple Ways Executives Can Participate on Social Media

                  Internal                                           External
   Staff blog                                      Announce new products/services
   Update on strategy, research etc.               Solicit feedback from customers
   Announce policy & process                       Learn more about customer
    change                                           tastes, preferences and attitudes
   Highlight accomplishments                       Crowd-source problems
   Receive complaints & suggestions                Engage potential clients
   Town house meetings via live                    Correct or clarify information in
    chats or Google+ meets                           public fora
   Crowd-source problems
New platforms, tools, and channels for Social Media interaction hit the market all the time.
Executives who share their insights, ideas and opinions to social media can bring new
perspectives and ideas, to the millions of conversations being held everyday around the world.

                                                               The Essential Executive’s Guide to Social Media   13
Info
Copyright
The copyright in this work belongs to Kwazi Communications. Please direct content feedback or permissions questions
to the editor: Puseletso@kwazicommunications.co.za

About Us:



Kwazi Communications is a Media and Communications Consultancy with an enviable track record in delivering
communications services and solutions.

We offer Social Media Literacy and Consulting services, Media Relations training, Multimedia Project Management,
Public Relations, Communications Strategy Formulation/Implementation, and Editorial services.

Find us:
www.kwazicommunications.co.za


Connect:

                                                                            The Essential Executive’s Guide to Social Media   14
Sources
1. Ernst and Young: this time its personal, from consumer to creator
2. Social Media Networks
3. Wikipedia.com
4. Entrepreneur Magazine
5. cnbc.com
6. KPMG – The social banker series
7. Daily Maverick. The cool banker, Michael Jordaan
8. www.fnb.co.za
9. www.twitter.com
10.www.linkedin.com
11.Nielsen Social Media Report 2012




                                                                       The Essential Executive’s Guide to Social Media   15

More Related Content

What's hot

Social Media for Brokers
Social Media for BrokersSocial Media for Brokers
Social Media for BrokersAngela Brown
 
Best Practices Social Media Marketing For Business
Best Practices Social Media Marketing For BusinessBest Practices Social Media Marketing For Business
Best Practices Social Media Marketing For BusinessSurekha Parekh
 
Social media in future
Social media in futureSocial media in future
Social media in futureDaniel Oskooei
 
Get Web Smart: Social Media Overview
Get Web Smart: Social Media OverviewGet Web Smart: Social Media Overview
Get Web Smart: Social Media OverviewSocial Wants
 
Social Media and the Future of Small and Medium Sized Business #SMBs
Social Media and the Future of Small and Medium Sized Business #SMBsSocial Media and the Future of Small and Medium Sized Business #SMBs
Social Media and the Future of Small and Medium Sized Business #SMBsDr. William J. Ward
 
Why Social Business is Do or Die
Why Social Business is Do or Die  Why Social Business is Do or Die
Why Social Business is Do or Die Bernie Borges
 
Social media for b2b - Madhouse Associates seminar
Social media for b2b - Madhouse Associates seminarSocial media for b2b - Madhouse Associates seminar
Social media for b2b - Madhouse Associates seminarSmoking Gun PR
 
C:\fakepath\social media applications for business
C:\fakepath\social media applications for businessC:\fakepath\social media applications for business
C:\fakepath\social media applications for businesssocialmediaone
 
Social Media & Job Searching
Social Media & Job SearchingSocial Media & Job Searching
Social Media & Job SearchingElsa Langer
 
50+ Social Media Tools and Sites: Beyond Facebook and Twitter
50+ Social Media Tools and Sites: Beyond Facebook and Twitter50+ Social Media Tools and Sites: Beyond Facebook and Twitter
50+ Social Media Tools and Sites: Beyond Facebook and TwitterJeremy Caplan
 
Enterprise Winning: Big Companies Getting Value from Enterprise Social
Enterprise Winning: Big Companies Getting Value from Enterprise SocialEnterprise Winning: Big Companies Getting Value from Enterprise Social
Enterprise Winning: Big Companies Getting Value from Enterprise SocialSocialcast
 
Social Media - Finding and Maximizing the Right Channel(s) For Your Business
Social Media - Finding and Maximizing the Right Channel(s) For Your BusinessSocial Media - Finding and Maximizing the Right Channel(s) For Your Business
Social Media - Finding and Maximizing the Right Channel(s) For Your BusinessHeidi Richards Mooney
 
Social media for job seekers
Social media for job seekersSocial media for job seekers
Social media for job seekersTim McMahon, Jr
 
Social recruiting trends 2014
Social recruiting trends 2014Social recruiting trends 2014
Social recruiting trends 2014Prayukth K V
 
Creating Your Organization's Social Media Strategy Map
Creating Your Organization's Social Media Strategy MapCreating Your Organization's Social Media Strategy Map
Creating Your Organization's Social Media Strategy MapBeth Kanter
 
Social Media Becoming Mainstream 081809
Social Media Becoming Mainstream 081809Social Media Becoming Mainstream 081809
Social Media Becoming Mainstream 081809Marvin Dejean
 
The Potential of Social Media for Business Development in Higher Education
The Potential of Social Media for Business Development in Higher EducationThe Potential of Social Media for Business Development in Higher Education
The Potential of Social Media for Business Development in Higher EducationSue Beckingham
 

What's hot (20)

Social Media for Brokers
Social Media for BrokersSocial Media for Brokers
Social Media for Brokers
 
Best Practices Social Media Marketing For Business
Best Practices Social Media Marketing For BusinessBest Practices Social Media Marketing For Business
Best Practices Social Media Marketing For Business
 
Social media in future
Social media in futureSocial media in future
Social media in future
 
Get Web Smart: Social Media Overview
Get Web Smart: Social Media OverviewGet Web Smart: Social Media Overview
Get Web Smart: Social Media Overview
 
Social Media and the Future of Small and Medium Sized Business #SMBs
Social Media and the Future of Small and Medium Sized Business #SMBsSocial Media and the Future of Small and Medium Sized Business #SMBs
Social Media and the Future of Small and Medium Sized Business #SMBs
 
Why Social Business is Do or Die
Why Social Business is Do or Die  Why Social Business is Do or Die
Why Social Business is Do or Die
 
Social Media 101 For Business 2.0 in Singapore
Social Media 101 For Business 2.0 in SingaporeSocial Media 101 For Business 2.0 in Singapore
Social Media 101 For Business 2.0 in Singapore
 
Social media for b2b - Madhouse Associates seminar
Social media for b2b - Madhouse Associates seminarSocial media for b2b - Madhouse Associates seminar
Social media for b2b - Madhouse Associates seminar
 
C:\fakepath\social media applications for business
C:\fakepath\social media applications for businessC:\fakepath\social media applications for business
C:\fakepath\social media applications for business
 
Social Media & Job Searching
Social Media & Job SearchingSocial Media & Job Searching
Social Media & Job Searching
 
Tendenci 101 & Beyond
Tendenci 101 & BeyondTendenci 101 & Beyond
Tendenci 101 & Beyond
 
50+ Social Media Tools and Sites: Beyond Facebook and Twitter
50+ Social Media Tools and Sites: Beyond Facebook and Twitter50+ Social Media Tools and Sites: Beyond Facebook and Twitter
50+ Social Media Tools and Sites: Beyond Facebook and Twitter
 
Enterprise Winning: Big Companies Getting Value from Enterprise Social
Enterprise Winning: Big Companies Getting Value from Enterprise SocialEnterprise Winning: Big Companies Getting Value from Enterprise Social
Enterprise Winning: Big Companies Getting Value from Enterprise Social
 
Social Media - Finding and Maximizing the Right Channel(s) For Your Business
Social Media - Finding and Maximizing the Right Channel(s) For Your BusinessSocial Media - Finding and Maximizing the Right Channel(s) For Your Business
Social Media - Finding and Maximizing the Right Channel(s) For Your Business
 
Social media for job seekers
Social media for job seekersSocial media for job seekers
Social media for job seekers
 
Social recruiting trends 2014
Social recruiting trends 2014Social recruiting trends 2014
Social recruiting trends 2014
 
Creating Your Organization's Social Media Strategy Map
Creating Your Organization's Social Media Strategy MapCreating Your Organization's Social Media Strategy Map
Creating Your Organization's Social Media Strategy Map
 
Social Media And Your Business
Social Media And Your BusinessSocial Media And Your Business
Social Media And Your Business
 
Social Media Becoming Mainstream 081809
Social Media Becoming Mainstream 081809Social Media Becoming Mainstream 081809
Social Media Becoming Mainstream 081809
 
The Potential of Social Media for Business Development in Higher Education
The Potential of Social Media for Business Development in Higher EducationThe Potential of Social Media for Business Development in Higher Education
The Potential of Social Media for Business Development in Higher Education
 

Similar to Essential guide to social media for executives

Reputation management in the era of social media
Reputation management in the era of social mediaReputation management in the era of social media
Reputation management in the era of social mediaMHP Communications
 
Reputation Management In The Era Of Social Media
Reputation Management In The Era Of Social MediaReputation Management In The Era Of Social Media
Reputation Management In The Era Of Social MediaBen Maynard
 
Reputation Management in era of social media
Reputation Management in era of social mediaReputation Management in era of social media
Reputation Management in era of social mediaBen Maynard
 
Time to Trade Up to A Social Business Strategy
Time to Trade Up to A Social Business StrategyTime to Trade Up to A Social Business Strategy
Time to Trade Up to A Social Business StrategyOgilvy Consulting
 
Social media in HR London
Social media in HR LondonSocial media in HR London
Social media in HR LondonPete Wilkinson
 
What Is Social Business ? A SideraWorks Brief
What Is Social Business ? A SideraWorks BriefWhat Is Social Business ? A SideraWorks Brief
What Is Social Business ? A SideraWorks BriefXVA Labs
 
MutualMind White Paper: Social Media ROI
MutualMind White Paper: Social Media ROIMutualMind White Paper: Social Media ROI
MutualMind White Paper: Social Media ROIMutualMind
 
Social Media Presentation Gt Vfinal
Social Media Presentation Gt VfinalSocial Media Presentation Gt Vfinal
Social Media Presentation Gt VfinalDanny Miller
 
Fed exsocialmediastudy findingsreport_final
Fed exsocialmediastudy findingsreport_finalFed exsocialmediastudy findingsreport_final
Fed exsocialmediastudy findingsreport_finalDr. William J. Ward
 
Interacting with Social Media to Strengthen Communication Strategies
Interacting with Social Media to Strengthen Communication StrategiesInteracting with Social Media to Strengthen Communication Strategies
Interacting with Social Media to Strengthen Communication StrategiesVisible Technologies
 
Social Software - Driving Adoption
Social Software - Driving AdoptionSocial Software - Driving Adoption
Social Software - Driving AdoptionBen Willis
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Tom_Webb
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112LouisaWetton
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Chrisharris84
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112clairemccowan
 
Us cons techtrends2012_013112
Us cons techtrends2012_013112Us cons techtrends2012_013112
Us cons techtrends2012_013112Svetlana Belyaeva
 
Deloitte Tech Trend 2012_Elevate IT for Digital Business
Deloitte Tech Trend 2012_Elevate IT for Digital BusinessDeloitte Tech Trend 2012_Elevate IT for Digital Business
Deloitte Tech Trend 2012_Elevate IT for Digital BusinessSuganya Chatkaewmorakot
 

Similar to Essential guide to social media for executives (20)

Reputation management in the era of social media
Reputation management in the era of social mediaReputation management in the era of social media
Reputation management in the era of social media
 
Reputation Management In The Era Of Social Media
Reputation Management In The Era Of Social MediaReputation Management In The Era Of Social Media
Reputation Management In The Era Of Social Media
 
Reputation Management in era of social media
Reputation Management in era of social mediaReputation Management in era of social media
Reputation Management in era of social media
 
Time to Trade Up to A Social Business Strategy
Time to Trade Up to A Social Business StrategyTime to Trade Up to A Social Business Strategy
Time to Trade Up to A Social Business Strategy
 
Social media in HR London
Social media in HR LondonSocial media in HR London
Social media in HR London
 
What Is Social Business ? A SideraWorks Brief
What Is Social Business ? A SideraWorks BriefWhat Is Social Business ? A SideraWorks Brief
What Is Social Business ? A SideraWorks Brief
 
Tendencias midias sociais
Tendencias midias sociaisTendencias midias sociais
Tendencias midias sociais
 
MutualMind White Paper: Social Media ROI
MutualMind White Paper: Social Media ROIMutualMind White Paper: Social Media ROI
MutualMind White Paper: Social Media ROI
 
Social Media In Financial Services London Conference
Social Media In Financial Services London ConferenceSocial Media In Financial Services London Conference
Social Media In Financial Services London Conference
 
Social Media Presentation Gt Vfinal
Social Media Presentation Gt VfinalSocial Media Presentation Gt Vfinal
Social Media Presentation Gt Vfinal
 
Fed exsocialmediastudy findingsreport_final
Fed exsocialmediastudy findingsreport_finalFed exsocialmediastudy findingsreport_final
Fed exsocialmediastudy findingsreport_final
 
Interacting with Social Media to Strengthen Communication Strategies
Interacting with Social Media to Strengthen Communication StrategiesInteracting with Social Media to Strengthen Communication Strategies
Interacting with Social Media to Strengthen Communication Strategies
 
Social Software - Driving Adoption
Social Software - Driving AdoptionSocial Software - Driving Adoption
Social Software - Driving Adoption
 
Deloitte - Top Tech Trends 2012
Deloitte - Top Tech Trends 2012Deloitte - Top Tech Trends 2012
Deloitte - Top Tech Trends 2012
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112
 
Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112Us Cons Techtrends2012 013112
Us Cons Techtrends2012 013112
 
Us cons techtrends2012_013112
Us cons techtrends2012_013112Us cons techtrends2012_013112
Us cons techtrends2012_013112
 
Deloitte Tech Trend 2012_Elevate IT for Digital Business
Deloitte Tech Trend 2012_Elevate IT for Digital BusinessDeloitte Tech Trend 2012_Elevate IT for Digital Business
Deloitte Tech Trend 2012_Elevate IT for Digital Business
 

Essential guide to social media for executives

  • 1. ESSENTIAL EXECUTIVE’S T he GUIDE to TO SOCIAL MEDIA Interact Engage Connect Lead A Kwazi Communications Publication www.kwazicommunications.co.za Find us on The Essential Executive’s Guide to Social Media 1
  • 2. Contents Introduction– Why Executives should take note of Social Media 3 Why Executive Engagement is essential 6 Key areas of leadership in a ‘social’ organization 7 The Role of the Executive 9 Who is getting it Right-Case Studies 10 Best Practices and Tips 12 Information 14 Sources 15 The Essential Executive’s Guide to Social Media 2
  • 3. This book offers readers a quick overview of how social media has changed the business landscape, the workplace, consumers and society as a whole. It outlines your role as the executive, offering best practices and tips on how to lead effectively in the digital age. WHY EXECUTIVES SHOULD TAKE NOTE OF SOCIAL MEDIA 1. The uptake of social media has been consistently rising and social media has entered the workplace, with or without the awareness or consent of enterprise leadership. 2. Social Media has been on the rise, yet executive engagement has lagged behind. 3. Customers are increasingly expecting executive engagement on social platforms. 4. Social Media has the potential to offer crucial insight answers for those wanting to be relevant and understand new and emerging markets. 5. Social media is growing across cross new demographics, with facebook recording a high intake of older consumers and the trends in emerging markets showing rural engagement is growing. The Essential Executive’s Guide to Social Media 3
  • 4. Employees are using Social Media “27% of workers check Top 10 Uses for Social Media their social networks before their work e-mail.” 1. Maintain contact with family, friends & acquaintances 2. Find information, opinions and expertise 3. Share information, opinions & expertise Social Media’s exponential 4. Curate information growth 5. Find & Network with business contacts 1.2 billion facebook users 6. Locate new business leads + 1000 0% growth on pinterest 7. Research products and services 125 million on linkedIn 8. Investigate brands for differentiation 190 million tweets daily 9. Compare market offerings 10. Discover trends (January 2013 figures) The Essential Executive’s Guide to Social Media 4
  • 5. How Digital Communication & Social Media are Changing Business Customers expect real time, 24/7 response, customer RISE OF THE EMPOWERED service and assistance CONSUMER The relationship with customers is no longer top- down; marketers have lost control of this dynamic The consumer’s voice is now a force Social Media has changed the consumer decision to be reckoned with journey, with buyers seeking reviews and opinions from peers and other influencers. Two-way and multi-channel communication Multi-platform engagement (smart phone, tablet, laptop, gaming, TV etc.) Increasing use of internet and social media to research and select vendors Rapid pace of new technology adoption Globalisation of brands CULTURE OF DIGITISATION The Essential Executive’s Guide to Social Media 5
  • 6. Why Executive Engagement is Essential “82% of respondents were more likely EXTERNALLY to trust a company whose CEO and leadership team engage with Social B2C and B2B look to social media to differentiate Media.” between brands and the sentiments reflected on these platforms influence the decision to do business with you – or your competitors. INTERNALLY EXECUTIVE SOCIAL MEDIA ENGAGEMENT SUGGESTS Social Media is the new conversation hub of an  Inclusiveness enterprise, offering executives the opportunity to  Forward thinking share information, up to the minute insights on what  Interest in stakeholder interests is happening at the top levels, and in return on how to solve problems, sell products and services and serve customers. ABSENCE FROM SOCIAL MEDIA SUGGESTS  Lack of transparency “77% of respondents were more likely or much  Conservative more likely to buy from a company whose values  Out of touch and mission are defined through CEO and  Inaccessibility. Executive leadership participation on social media.” The Essential Executive’s Guide to Social Media 6
  • 7. Key Areas of Leadership in a ‘Social’ Enterprise Brand & How the online community judges your enterprise–this can be positive, negative or neutral. The quality, credibility, likability of your brand can be created, or destroyed. Reputation Strategic Utilisation of digital tools, including social media to engage customers, suppliers and employees. Selection of channels, identifying new business and operating models. ROI How much time and resources will your company invest in digital communication and social media the short to long term? How will you ensure that there is a return on this investment? Procedural Employees should be equipped to protect themselves and the enterprise. Social Media Literacy is a must. Social media guidelines/policy to protect the enterprise in the event of & Legal legal action. Classifying information to protect IP, outline best practices and establish a digital team to manage your efforts. Security Social Media is an entry point for cybercrime, scams and phishing scams. Maintaining systems and keeping security up to date across networks and on devices is essential. IT & Software management tools, social media dashboards, and online security Systems protocols are key to maintaining smooth, up to date operations. The Essential Executive’s Guide to Social Media 7
  • 8. Trends in Digital CEO Engagement Over 50% of CEO’s expect social channels to be a primary way of engaging customers in the next 5 52 % of CEOs intend to make significant changes to years. their organizations to CEOs see improve internal technology as collaboration an enabler of collaboration & relationships CEOs expect technology to be More than 70% of CEOs the #1 driver of change in their Highest-performing are seeking deeper organizations over the enterprises are already understanding of next 3 - 5 years developing far more open Individual customer cultures and embracing needs and improved the most disruptive forms responsiveness. of new Innovation. The Essential Executive’s Guide to Social Media 8
  • 9. The Role of the Executive Leading in the Digital Communication age is filled with unprecedented opportunity to communicate with customers (potential and existing), staff, suppliers and other stakeholders. As in other areas of the business, executives set the tone and influence the environment in their enterprise, either creating an ethos of engagement and collaboration or a conservative, cautious culture. As exciting as these opportunities are, they are WHAT IS EXPECTED FROM is coupled with risks such as security, privacy, leaking of information and potential EXECUTIVES reputational damage. 1. Develop Long Term Digital Strategy Indications are that Social Media usage will only gain more momentum and dominance as a 2. Assemble Digital Skills and Capacity corporate communication tool, and the demand for executive engagement will get stronger. 3. Thought leadership 4. Manage Risk What leaders do and how they do it will be closely observed by audiences. 5. Allocate resources The Essential Executive’s Guide to Social Media 9
  • 10. Getting it Right WHO: Sir Richard Branson STATS: 2, 7million+ followers on twitter 1,2 million + followers on linkedIn 500, 000 readers per month on blog (figures as at Jan 2013) Sir Richard Branson started blogging in 2008, experimenting in various social media platforms and five years later, he literally has millions of followers. He posts about what is happening in the Virgin group, but also offers commentary on what he is passionate about– entrepreneurship, innovation, travel and current affairs. What Branson says about Social Media  The power of online followers is that they amplify messages by sharing or linking information  Gives companies the ability to speak directly to customers  Social Media gives a real-time view of how to improve “Through customers' comments, we started learning about issues with our Branson's’ Advice to Executives products and services more quickly than  Be authentic and organic ever before.  Start now In response, we set up systems so that a  Answer questions in a straightforward manner customer who has a question or a  Respond frequently problem can get a quick answer from  Have fun our team.” The Essential Executive’s Guide to Social Media 10
  • 11. Getting it Right WHO: FNB CEO, Michael Jordaan STATS: 23, 000+ followers on Twitter WINNER: IABC Leading Employee Communicator Award Michael Jordaan has been tweeting about the benefits of social media since July 2009. He tweets about the bank, wine, sports, humour and issues of the day. Jordaan on Social Media  It allows us to build and reinforce ongoing “What I really like about Twitter is relationships with both existing and potential that it’s short and sometimes there’s customers right across the business time for short bursts of conversation.  Marketing uses social media to drive Having started to do it, I can really awareness see the benefit.”  Deliver valuable information and enable discovery  Customer support leverages social channels to enhance education, solicit feedback and respond to complaints  Sales Departments increasingly look to social media to support customer acquisition strategies The Essential Executive’s Guide to Social Media 11
  • 12. Social Media Engagement– What Every Executive Should Know Before you start that blog, or tweet, there are a few things you probably need to be aware of or to think about, to ensure that your entry and ongoing engagement in social media is successful. Your position will warrant more attention. You have the power to make decisions, and therefore the power to influence. There will be more of a spotlight on you. You are an extension of the business. Be mindful of the fact that you don't have the privilege of a ‘private persona’. Even when speaking in your personal capacity, be aware that your attitude, beliefs and outlook will be seen to have bearing on the organization you lead. Have a litmus test for posting. Before you start, ask yourself what qualifies for public dissemination. Remember that your posts will constitute a permanent record (even if you erase them) that some readers will apply literal interpretation, so you need to have some criteria for what is postable and what is not. Be genuine and truthful. People expect nothing less, if they feel as if you are putting on a show, you will alienate your community. Pay attention to comments. Social Media is not a one-way communication channel. Be prepared to accept comments, to be challenged and most importantly, to act on feedback. The Essential Executive’s Guide to Social Media 12
  • 13. Simple Ways Executives Can Participate on Social Media Internal External  Staff blog  Announce new products/services  Update on strategy, research etc.  Solicit feedback from customers  Announce policy & process  Learn more about customer change tastes, preferences and attitudes  Highlight accomplishments  Crowd-source problems  Receive complaints & suggestions  Engage potential clients  Town house meetings via live  Correct or clarify information in chats or Google+ meets public fora  Crowd-source problems New platforms, tools, and channels for Social Media interaction hit the market all the time. Executives who share their insights, ideas and opinions to social media can bring new perspectives and ideas, to the millions of conversations being held everyday around the world. The Essential Executive’s Guide to Social Media 13
  • 14. Info Copyright The copyright in this work belongs to Kwazi Communications. Please direct content feedback or permissions questions to the editor: Puseletso@kwazicommunications.co.za About Us: Kwazi Communications is a Media and Communications Consultancy with an enviable track record in delivering communications services and solutions. We offer Social Media Literacy and Consulting services, Media Relations training, Multimedia Project Management, Public Relations, Communications Strategy Formulation/Implementation, and Editorial services. Find us: www.kwazicommunications.co.za Connect: The Essential Executive’s Guide to Social Media 14
  • 15. Sources 1. Ernst and Young: this time its personal, from consumer to creator 2. Social Media Networks 3. Wikipedia.com 4. Entrepreneur Magazine 5. cnbc.com 6. KPMG – The social banker series 7. Daily Maverick. The cool banker, Michael Jordaan 8. www.fnb.co.za 9. www.twitter.com 10.www.linkedin.com 11.Nielsen Social Media Report 2012 The Essential Executive’s Guide to Social Media 15