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Recipe for successful social business




      The Social Business Maturity Model
                            An Overview
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
   An overview
•  Goals and Success Criteria
•  Phases and Maturity Levels
•  Key Focus Areas
•  Key Progress Indicators
•  Summary




                                    2	
  
Social Business Maturity Model

You will learn…
    •  What and why Social Business Maturity Model

    •  Defining end goals for social business

    •  Identifying the areas to focus, internally and externally

    •  Activities across phases and maturity levels

    •  Measuring progress through metrics and insights




www.texavi.co.uk	
                                                 3	
  
Social Business Maturity Model

Agenda

Ø  The Social Business Maturity Model
    An overview
•  Goals and Success Criteria
•  Phases and Maturity Levels
•  Key Focus Areas
•  Key Progress Indicators
•  Summary




                                    4	
  
Social Business Maturity Model

SBMM – The recipe for success


                                         Internal &
                                          external
                           Goals            focus
                            and            areas
                          success
                           criteria

                                      Metrics
                                        and
                                      insights




                       Successful Social Business
www.texavi.co.uk	
                                    5	
  
Social Business Maturity Model

Social business maturity
“Building a social business is like a journey. The model supports you
through-out this journey.”

    •  SBMM provides a guiding framework

    •  Flexible to accommodate changes

    •  Inspired by the structure of CMM (Capability Maturity Model) of
        SEI




www.texavi.co.uk	
                                                 6	
  
Social Business Maturity Model




www.texavi.co.uk	
                                7	
  
Social Business Maturity Model

Maturity model, by the numbers


	
  	
  	
  5	
  -­‐	
  	
  Phases, gears and maturity levels

  4    - Key focus areas per business perspective

  3   - types of key progress indicators

  2    - views, internal and external to business

  1    - model to support the social business



www.texavi.co.uk	
                                                   8	
  
Social Business Maturity Model

Benefits from Maturity Model
   •  Define the goals and success criteria

   •  Determine the right measures for internal and external
        components, based on the phase in the maturity model

   •  Use the right mix of the platforms and channels

   •  Check progress using the social business metrics and insights




www.texavi.co.uk	
                                                    9	
  
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
    An overview
Ø  Goals and Success Criteria
•  Phases and Maturity Levels
•  Key Focus Areas
•  Key Progress Indicators
•  Summary



                                   10	
  
Social Business Maturity Model

Why Social Business Goals
SBMM helps you with the right answers:
   •  What are your goals and success criteria?
   •  In which direction do you need to go?
   •  How are you doing in relation to your goals?
   •  How many resources do you need to invest and in what?
   •  Where do you stand with respect to the other players in the
        market?
   •  From where you are now, what more do you need to do to
        reach the goals?


www.texavi.co.uk	
                                                  11	
  
Social Business Maturity Model

End-goals for social businesses


                                              Brand	
  



                       Insights	
                                   People	
  
                                       Social	
  Business	
  	
  
                                            Goals	
  



                                                            Experie
                                Habits	
  
                                                             nces	
  

www.texavi.co.uk	
                                                               12	
  
Social Business Maturity Model

Goals and Success Criteria
	
  
The end-game for social businesses is to have a clear focus on:

       •  Brand, not just products and services

       •  People, not just customers and users

       •  Experiences, not just engagement and influence

       •  Habits, not just one time actions

       •  Insights, not just metrics and analytics




www.texavi.co.uk	
                                                13	
  
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
    An overview
•  Goals and Success Criteria
Ø  Phases and Maturity Levels
•  Key Focus Areas
•  Key Progress Indicators
•  Summary



                                   14	
  
Social Business Maturity Model

Phases and Maturity Levels
	
  
       •  There are five phases in the Maturity Model

       •  Each phase corresponds to a maturity level

       •  Based on the phase and level, the goals, activities, resources
         and focus would vary

       •  The phases and maturity levels guide you in the journey with
         milestones and checkpoints




www.texavi.co.uk	
                                                    15	
  
Social Business Maturity Model

Maturity Model – Phases, Gears and Levels




      Level 1          Level 2       Level 3     Level 4   Level 5
     Informed          Initiate      Intensify   Enabled   Optimising
     Start -up         Set-up        Step-up     Size-up   Tune-up




www.texavi.co.uk	
                                              16	
  
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
    An overview
•  Goals and Success Criteria
•  Phases and Maturity Levels
Ø  Key Focus Areas
•  Key Progress Indicators
•  Summary



                                   17	
  
Social Business Maturity Model

Key Focus Areas

       Internal to organisation                External to organisation




                       Organisati            Messaging        People
         Processes
                       on Focus




        Activity on
                       Delivery
          Social
                       Channels               Business
         Media                                               Content
                                               Focus



www.texavi.co.uk	
                                                     18	
  
Social Business Maturity Model

Key Focus Areas - Internal

    1.  Organisation Focus

        Geographies, markets and business areas

    2.  Processes

        Operations, capacity and target specifications

    3.  Delivery platforms & channels

        Traditional, digital, online, mobile and social

    4.  Activity on social media

        Active engagement and investment of resources

www.texavi.co.uk	
                                        19	
  
Social Business Maturity Model

Key Focus Areas - Internal
  Maturity     Social       Organisation     Processes     Activity on     Delivery
  Level        Business     Focus                          Social          Platforms &
               Maturity                                    Media           Channels
               Phase
  1.           Informed     Products &       Ad hoc        Passive         Single - few
  Start-up                  Services

  2.           Initiate     Business Units   Defined       Interested    Selected -
  Set-up                                                                 many
  3.           Intensify    Organisation     Refined       Investigating Diversified
  Step-up
  4.           Enabled      Industry         Iterative     Participative   Distributed
  Size-up

  5.           Optimising   Brand            Established   Investing       Unified
  Tune-up

 !
www.texavi.co.uk	
                                                                   20	
  
Social Business Maturity Model

Key Focus Areas – External


   1.  People

        Customers, users, suppliers, followers, friends and fans

   2.  Content

        Engaging content and different types of content

   3.  Business Focus

        Interactions, transactions and experiences

   4.  Messaging

        Persuasive messages from business to people
www.texavi.co.uk	
                                                 21	
  
Social Business Maturity Model

Key Focus Areas - External
  Maturity     Social       People      Content    Business       Messaging
  Level        Business                            Focus
               Maturity
               Phase
  1.           Informed     Find &      Consume    Selling        Interruptive
  Start-up                  connect
  2.           Initiate     Follow      Share      Advertising    Interactive
  Set-up
  3.           Intensify    Interact    Curate     Transactions   Permission-
  Step-up                                                         based
  4.           Enabled      Engage      Create     Behaviours &   Targeted
  Size-up                                          interactions

  5.           Optimising   Influence   Innovate   Experiences    Contextual &
  Tune-up                   & Delight              & emotions     Personalised

 !
www.texavi.co.uk	
                                                              22	
  
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
    An overview
•  Goals and Success Criteria
•  Phases and Maturity Levels
•  Key Focus Areas
Ø  Key Progress Indicators
•  Summary



                                   23	
  
Social Business Maturity Model

Key Progress Indicators

“Measure it to manage it!”

The Maturity model has progress indicators to help assess the progress
in the social business.


   •  Measures
   •  Metrics and analytics
   •  Qualitative inputs
   •  Social business insights
   Some of these are dependent on others and are derived from them

www.texavi.co.uk	
                                               24	
  
Social Business Maturity Model

Key Progress Indicators


                          Metrics and
                           analytics


          Measures and                    Qualitative
            numbers                         inputs



                            Social
                           Business
                           Insights

www.texavi.co.uk	
                                      25	
  
Social Business Maturity Model

Social business insights

   •  New habits/behaviours created
   •  Habits/Behaviours changed or eliminated
   •  Avg. number of leads from social activities
   •  Value of transactions from social interactions
   •  Total value per Action




www.texavi.co.uk	
                                     26	
  
Social Business Maturity Model

Insights from analytics and measures

                         Social               Social            Social
                        Business             Analytics         Measures
                        Insights                               No. of followers
                                                                 in network

                                             Network reach
                                                                   No.of new
                                                               followers added
                                                                   per week


                                                                No. of followers
                                                                  influenced
                       Total value per         Influence
                           action                Score
                                                                     No. of
                                                                  influencers


                                                             No.of times content
                                             Engagement          got shared
                                                score

                                                                 No.of Likes,
                                                               favourites,votes

www.texavi.co.uk	
                                                                 27	
  
Social Business Maturity Model

Agenda

•  The Social Business Maturity Model
    An overview
•  Goals and Success Criteria
•  Phases and Maturity Levels
•  Key Focus Areas
•  Key Progress Indicators
Ø  Summary



                                   28	
  
Social Business Maturity Model

Summary

We looked at the following aspects in the social business maturity
model:
   •  An overview of social business maturity model
   •  End goals and success criteria
   •  Phases and maturity levels
   •  Key focus areas – internal and external to business
   •  Key progress indicators – metrics and insights




www.texavi.co.uk	
                                                   29	
  
Thank You!


                   Thank You!                                         CONNECT WITH TEXAVI

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     Texavi Innovative Solutions
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           Consulting | Training | Solutions                          LinkedIn Texavi

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Recipe for successful social business - An Overview on our Social Business Maturity Model

  • 1. Recipe for successful social business The Social Business Maturity Model An Overview
  • 2. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview •  Goals and Success Criteria •  Phases and Maturity Levels •  Key Focus Areas •  Key Progress Indicators •  Summary 2  
  • 3. Social Business Maturity Model You will learn… •  What and why Social Business Maturity Model •  Defining end goals for social business •  Identifying the areas to focus, internally and externally •  Activities across phases and maturity levels •  Measuring progress through metrics and insights www.texavi.co.uk   3  
  • 4. Social Business Maturity Model Agenda Ø  The Social Business Maturity Model An overview •  Goals and Success Criteria •  Phases and Maturity Levels •  Key Focus Areas •  Key Progress Indicators •  Summary 4  
  • 5. Social Business Maturity Model SBMM – The recipe for success Internal & external Goals focus and areas success criteria Metrics and insights Successful Social Business www.texavi.co.uk   5  
  • 6. Social Business Maturity Model Social business maturity “Building a social business is like a journey. The model supports you through-out this journey.” •  SBMM provides a guiding framework •  Flexible to accommodate changes •  Inspired by the structure of CMM (Capability Maturity Model) of SEI www.texavi.co.uk   6  
  • 7. Social Business Maturity Model www.texavi.co.uk   7  
  • 8. Social Business Maturity Model Maturity model, by the numbers      5  -­‐    Phases, gears and maturity levels 4 - Key focus areas per business perspective 3 - types of key progress indicators 2 - views, internal and external to business 1 - model to support the social business www.texavi.co.uk   8  
  • 9. Social Business Maturity Model Benefits from Maturity Model •  Define the goals and success criteria •  Determine the right measures for internal and external components, based on the phase in the maturity model •  Use the right mix of the platforms and channels •  Check progress using the social business metrics and insights www.texavi.co.uk   9  
  • 10. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview Ø  Goals and Success Criteria •  Phases and Maturity Levels •  Key Focus Areas •  Key Progress Indicators •  Summary 10  
  • 11. Social Business Maturity Model Why Social Business Goals SBMM helps you with the right answers: •  What are your goals and success criteria? •  In which direction do you need to go? •  How are you doing in relation to your goals? •  How many resources do you need to invest and in what? •  Where do you stand with respect to the other players in the market? •  From where you are now, what more do you need to do to reach the goals? www.texavi.co.uk   11  
  • 12. Social Business Maturity Model End-goals for social businesses Brand   Insights   People   Social  Business     Goals   Experie Habits   nces   www.texavi.co.uk   12  
  • 13. Social Business Maturity Model Goals and Success Criteria   The end-game for social businesses is to have a clear focus on: •  Brand, not just products and services •  People, not just customers and users •  Experiences, not just engagement and influence •  Habits, not just one time actions •  Insights, not just metrics and analytics www.texavi.co.uk   13  
  • 14. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview •  Goals and Success Criteria Ø  Phases and Maturity Levels •  Key Focus Areas •  Key Progress Indicators •  Summary 14  
  • 15. Social Business Maturity Model Phases and Maturity Levels   •  There are five phases in the Maturity Model •  Each phase corresponds to a maturity level •  Based on the phase and level, the goals, activities, resources and focus would vary •  The phases and maturity levels guide you in the journey with milestones and checkpoints www.texavi.co.uk   15  
  • 16. Social Business Maturity Model Maturity Model – Phases, Gears and Levels Level 1 Level 2 Level 3 Level 4 Level 5 Informed Initiate Intensify Enabled Optimising Start -up Set-up Step-up Size-up Tune-up www.texavi.co.uk   16  
  • 17. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview •  Goals and Success Criteria •  Phases and Maturity Levels Ø  Key Focus Areas •  Key Progress Indicators •  Summary 17  
  • 18. Social Business Maturity Model Key Focus Areas Internal to organisation External to organisation Organisati Messaging People Processes on Focus Activity on Delivery Social Channels Business Media Content Focus www.texavi.co.uk   18  
  • 19. Social Business Maturity Model Key Focus Areas - Internal 1.  Organisation Focus Geographies, markets and business areas 2.  Processes Operations, capacity and target specifications 3.  Delivery platforms & channels Traditional, digital, online, mobile and social 4.  Activity on social media Active engagement and investment of resources www.texavi.co.uk   19  
  • 20. Social Business Maturity Model Key Focus Areas - Internal Maturity Social Organisation Processes Activity on Delivery Level Business Focus Social Platforms & Maturity Media Channels Phase 1. Informed Products & Ad hoc Passive Single - few Start-up Services 2. Initiate Business Units Defined Interested Selected - Set-up many 3. Intensify Organisation Refined Investigating Diversified Step-up 4. Enabled Industry Iterative Participative Distributed Size-up 5. Optimising Brand Established Investing Unified Tune-up ! www.texavi.co.uk   20  
  • 21. Social Business Maturity Model Key Focus Areas – External 1.  People Customers, users, suppliers, followers, friends and fans 2.  Content Engaging content and different types of content 3.  Business Focus Interactions, transactions and experiences 4.  Messaging Persuasive messages from business to people www.texavi.co.uk   21  
  • 22. Social Business Maturity Model Key Focus Areas - External Maturity Social People Content Business Messaging Level Business Focus Maturity Phase 1. Informed Find & Consume Selling Interruptive Start-up connect 2. Initiate Follow Share Advertising Interactive Set-up 3. Intensify Interact Curate Transactions Permission- Step-up based 4. Enabled Engage Create Behaviours & Targeted Size-up interactions 5. Optimising Influence Innovate Experiences Contextual & Tune-up & Delight & emotions Personalised ! www.texavi.co.uk   22  
  • 23. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview •  Goals and Success Criteria •  Phases and Maturity Levels •  Key Focus Areas Ø  Key Progress Indicators •  Summary 23  
  • 24. Social Business Maturity Model Key Progress Indicators “Measure it to manage it!” The Maturity model has progress indicators to help assess the progress in the social business. •  Measures •  Metrics and analytics •  Qualitative inputs •  Social business insights Some of these are dependent on others and are derived from them www.texavi.co.uk   24  
  • 25. Social Business Maturity Model Key Progress Indicators Metrics and analytics Measures and Qualitative numbers inputs Social Business Insights www.texavi.co.uk   25  
  • 26. Social Business Maturity Model Social business insights •  New habits/behaviours created •  Habits/Behaviours changed or eliminated •  Avg. number of leads from social activities •  Value of transactions from social interactions •  Total value per Action www.texavi.co.uk   26  
  • 27. Social Business Maturity Model Insights from analytics and measures Social Social Social Business Analytics Measures Insights No. of followers in network Network reach No.of new followers added per week No. of followers influenced Total value per Influence action Score No. of influencers No.of times content Engagement got shared score No.of Likes, favourites,votes www.texavi.co.uk   27  
  • 28. Social Business Maturity Model Agenda •  The Social Business Maturity Model An overview •  Goals and Success Criteria •  Phases and Maturity Levels •  Key Focus Areas •  Key Progress Indicators Ø  Summary 28  
  • 29. Social Business Maturity Model Summary We looked at the following aspects in the social business maturity model: •  An overview of social business maturity model •  End goals and success criteria •  Phases and maturity levels •  Key focus areas – internal and external to business •  Key progress indicators – metrics and insights www.texavi.co.uk   29  
  • 30. Thank You! Thank You! CONNECT WITH TEXAVI www.texavi.co.uk www.facebook.com/texavi Texavi Innovative Solutions The new age people for new age solutions! Twitter @pardhas Consulting | Training | Solutions LinkedIn Texavi Blog www.texavi.com/blog UK INDIA     Texavi Innovative Solutions (UK) Ltd Texavi Innovative Solutions pvt. Ltd. 36 Glebe Road B-1201, Building No.7 Finchley Kukreja Complex, L.B.S.Marg London N3 2AX Bhandup(west), Mumbai India - 400078 Mobile: +44 (0) 7857 258341 Call: +44 (01375) 768601 Call: +91 (0) 98190 23011 Email: connect@texavi.co.uk Email: connect@texavi.com