Social Media Analytics Analytics–Business Alignment 1.0 Introduction About: Social media should be strategically aligned to support existing business goals. Business goals Factors affecting alignment: • • • • • Leadership and top management support Technical resources (e.g., skilled people) Financial resources Administrative support Social media’s potential to achieve business goals Page | 1 14 Steps in Formulating a Social Media Strategy: Step 1: Get Hold of an Executive Champion A social media executive champion will be someone with charisma and the power to enforce social media strategy in the organization. Step 2: Build a CrossFunctional Team Having a cross-functional team will make sure that all the stakeholders have their say and have the ownership of the social media initiative. Step 3: Assess Your Organizational Culture • • • Step 4: Establish a Social Media Ownership Plan and Policy Is the organization ready to embrace social media? What are the organization’s assumptions and beliefs about social media analytics? Embracing social media in all aspect of the business will require organizational cultural transformation at all levels. A social media ownership plan and policy should outline the relative rights and responsibilities of employers and employees. Ownership: who knows your linked network that you have established while working for a company Rest of the steps: • • • • • • • • • • • Review Your Current Social Media Presence Determine Your Objectives Aligning Social Media Goals with Business Goals Develop Your Content Strategy Platform Strategy Resource Considerations Establish a Social Media Ownership Plan and Policy Select Success Metrics Use Analytics to Track Progress Social Media Strategy Implementation Plan Periodic Review Page | 2