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The Social Media For Business:
                What You Need to Know
                               Motherwell College KTH
                                      25/5/11




                                   twintangibles 2011


Contact us +44(0)7717 714595    www.twintangibles.co.uk   info@twintangibles.co.uk
Agenda


• Some theory
  – Mindsets, Tribes, Long tails & Complexity
• Some practice
  – Lightning case studies and what you
    should do
• Q&A
Which Do You Know?
20110525 Motherwell College KTH
What is Social Media?

“It is a mindset of sharing, collaboration
   and communication that is facilitated
     by technical tools that provide for
        many to many non mediated
                exchange”

  It is increasingly pervasive, it can’t
      be ignored and it is affecting
      society, economy and culture
Tribes
Demographics of SM
The Mindset
•   Democratic
•   Inclusive
•   Mutuality
•   Open
•   Reduced barriers to entry
•   Expectation of return non traditional
•   Challenges convention
•   Self regulating
•   Iterative
•   Deeply rooted
What changes with Social
        Media?
Porters Value Chain
Porters Value Chain Updated




     http://en.wikipedia.org/wiki/File:Porter_Value_Chain.png
Long Tail Distribution




http://jargotrulli.wordpress.com/2011/05/18/leveraging-the-long-tail/
http://dwilkinsnh.wordpress.com/2009/03/15/social-learning-and-the-long-tail/
Complexity and how to respond




     Cynefin Framework From Dave Snowden www.cognitive-edge.com
                                         www.cognitive-
Case Studies
www.xplane.com/obama
25% of all new products
          from
    crowdsourcing

    Innovate faster

 Increase 15% to 50%
  success rate of new
       products
Customer Service run
   by customers

Participate in sales and
       marketing

Only 16 people in team
International reach

 10% Equity for punks

Crowdsourced locations
So What Does This Mean?


• You are not in control
• This is disruptive
• You need to be ready
• You will need to change
• Gardener not engineer
• Your “tribes” are an asset
• Remember its inward facing too!
The Future of Advertising, APA, 17/02/09
The Future of Advertising, APA, 17/02/09
Assume the Behaviour


• Listen
• Be social
• Be generous
• Converse
• Acknowledge
Tools – Choose Wisely


            Immediacy – referrer


            Community building – B2C


            Introductions - networking



            Thought leader - SEO
What do you need to do?

• Why are you doing this?
• Are you ready?
• How can you resource this?
• Who will do this?
• What are your targets?
• How will you monitor this?
Action Plan
           Audit & Evaluate

 Monitor                      Intent



                                Choose
Engage
                                Channels




 Listen                       Targets


              Resource
Social Media Consultancy and Research

• Strategic Advice
• Strategy Development
• Research
• Social Media Management
• Social Media Audit
• Monitoring
• Sectoral Analysis
• Training


Helping you get value from Social Media
•11 Cities including LA, Moscow, Milan, Rio, Glasgow

•More than 30 Events in Glasgow alone

•3.5 Million SM impressions, 200,000 attendees

•Opportunities for global visibility

•@SMWGLASGOW
•http://socialmediaweek.org/glasgow
Social Media Unleashed 2


• 9th June 2011 : 4.30pm – 8pm
• The Lighthouse, Glasgow
• Crowdsourcing & Crowdfunding
• DELL, McClure Naismith
• Free
• Register at
  www.twintangibles.co.uk/events
www.twintangibles.co.uk

                          info@twintangibles.co.uk

                                @twintangibles

                                  Tim Wright
                                07717 714 595

                                  twintangibles 2011


Contact us +44(0)7717 714 595   www.twintangibles.co.uk   info@twintangibles.co.uk

More Related Content

20110525 Motherwell College KTH

  • 1. The Social Media For Business: What You Need to Know Motherwell College KTH 25/5/11 twintangibles 2011 Contact us +44(0)7717 714595 www.twintangibles.co.uk info@twintangibles.co.uk
  • 2. Agenda • Some theory – Mindsets, Tribes, Long tails & Complexity • Some practice – Lightning case studies and what you should do • Q&A
  • 3. Which Do You Know?
  • 5. What is Social Media? “It is a mindset of sharing, collaboration and communication that is facilitated by technical tools that provide for many to many non mediated exchange” It is increasingly pervasive, it can’t be ignored and it is affecting society, economy and culture
  • 8. The Mindset • Democratic • Inclusive • Mutuality • Open • Reduced barriers to entry • Expectation of return non traditional • Challenges convention • Self regulating • Iterative • Deeply rooted
  • 9. What changes with Social Media?
  • 11. Porters Value Chain Updated http://en.wikipedia.org/wiki/File:Porter_Value_Chain.png
  • 14. Complexity and how to respond Cynefin Framework From Dave Snowden www.cognitive-edge.com www.cognitive-
  • 17. 25% of all new products from crowdsourcing Innovate faster Increase 15% to 50% success rate of new products
  • 18. Customer Service run by customers Participate in sales and marketing Only 16 people in team
  • 19. International reach 10% Equity for punks Crowdsourced locations
  • 20. So What Does This Mean? • You are not in control • This is disruptive • You need to be ready • You will need to change • Gardener not engineer • Your “tribes” are an asset • Remember its inward facing too!
  • 21. The Future of Advertising, APA, 17/02/09
  • 22. The Future of Advertising, APA, 17/02/09
  • 23. Assume the Behaviour • Listen • Be social • Be generous • Converse • Acknowledge
  • 24. Tools – Choose Wisely Immediacy – referrer Community building – B2C Introductions - networking Thought leader - SEO
  • 25. What do you need to do? • Why are you doing this? • Are you ready? • How can you resource this? • Who will do this? • What are your targets? • How will you monitor this?
  • 26. Action Plan Audit & Evaluate Monitor Intent Choose Engage Channels Listen Targets Resource
  • 27. Social Media Consultancy and Research • Strategic Advice • Strategy Development • Research • Social Media Management • Social Media Audit • Monitoring • Sectoral Analysis • Training Helping you get value from Social Media
  • 28. •11 Cities including LA, Moscow, Milan, Rio, Glasgow •More than 30 Events in Glasgow alone •3.5 Million SM impressions, 200,000 attendees •Opportunities for global visibility •@SMWGLASGOW •http://socialmediaweek.org/glasgow
  • 29. Social Media Unleashed 2 • 9th June 2011 : 4.30pm – 8pm • The Lighthouse, Glasgow • Crowdsourcing & Crowdfunding • DELL, McClure Naismith • Free • Register at www.twintangibles.co.uk/events
  • 30. www.twintangibles.co.uk info@twintangibles.co.uk @twintangibles Tim Wright 07717 714 595 twintangibles 2011 Contact us +44(0)7717 714 595 www.twintangibles.co.uk info@twintangibles.co.uk