The Socially Enabled Enterprise: A 2013 Research study #ssuenterprise Presented at The Social Shakeup Conference #socialshakeup September 17, 2013 Agenda: Agend a & Panel Study highlights – 20 minutes Speaker roundtable – 20 minutes Q&A session – 20 minutes Panel: Erika Brookes, VP, Product Strategy, Oracle Social, @ebrookes Don Bulmer, VP Communications Strategy, Shell, @dbulmer Chris Boudreaux, Global Lead for Social Media Offerings, Accenture, @cboudreaux Moderator: Vanessa DiMauro, CEO, Leader Networks, @vdimauro 2 Focus of the study: Study Scope The purpose of the Socially Enabled Enterprise Study is to explore the changing role of the IT and Marketing due to the impact of social business and to explore the impact social platform adoption is having on enterprise’s operations and customer-facing initiatives now and in the future. Oracle partnered with Social Media Today and Leader Networks to survey more than 900 marketing and technology executives from organizations around the world. Sample composition: This survey, which was conducted in the spring of 2013,gathered insights from 20+ industries and 52 countries. Respondents were screened to ensure that they held a role in either Marketing or IT, were engaged by an organization employing 100 employees or more, and worked for an organization which currently uses social platforms. 925 respondents met these criteria and were thus retained for analysis: 662 of those reported holding a Marketing position, while 263 were in IT/Technology. 3 Our Definition Of A Socially Enabled Enterprise “A set of collaborative processes that have the potential to yield improved business processes that are customer-driven such as faster time to market with new products and services, more successful research and development outcomes and refined market messages that are explicitly influenced by customer needs.” 4 Key Findings • There is a widespread adoption of social platforms in organizations • Larger organizations (those with 50,000+ employees) are much further along the path to becoming socially enabled enterprises. • Becoming a socially enabled organization is considered part of the strategic agenda • The transition towards a socially enabled enterprise is not expected to be easy • Social business performance measurement is expected to be more operational/process focused in the future A profile of a socially enabled enterprise (SEE) is emerging: • Strong and collaborative leadership • A strategy to leverage socially-derived customer or partners insights to improve business functions • A compendium of business-focused measures • The ability to link the strategy for becoming a socially enabled enterprise with operational plans 5 Research findings 6 The Majority Of Organizations Surveyed Use At Least 3 Social Platforms How many social platforms (e.g. Twitter, social CRM, blog, online community, YouTube) does your company currently use? 45% 27% 12% 1 to 2 9% 3 to 5 6 to 8 9 to 11 3% 6% 12 to 20 More than 20 n=909 7 Social Business Increases Company Visibility, Enables Closer Relationships And Offers Greater Awareness Of Customer Needs Please indicate the degree to which you believe each of these elements has changed due to your organization's social business initiatives? Disagree Strongly Disagree Increased visibility with prospective customers 2% 7% Closer relationships with existing customers 2% Greater awareness of the customer needs 2% Increased customer advocacy 2% Stronger connection between customer requirements & the products /services we deliver 2% Agree Strongly Agree 32% 59% 26% 60% 12% 24% 57% 17% 21% 63% 14% 21% 58% 19% Heightened thought leadership position among 2% customers 17% 62% 19% Increased customer loyalty 2% 17% 63% 18% No change n=varies 32% 48% 4% 16% There is generally consistency among respondents who selected “strongly agree” across responses 8 Awareness, Customer Satisfaction And Share Of Voice Are The Top Social Business Performance Metrics What are the top 3 performance metrics currently associated with social business initiatives in your organization? First Second Third Awareness 33% * Cust. Satisfaction 16% 17% 6% 11% Share of Voice 8% 13% 12% Lead Generation 9% 13% 10% Sales 8% 8% 15% 11% New Ideas for Products / Services 4% 7% 9% Better Adoption of Existing Products / Services 3% 7% 8% Cost Reduction 2%3%4% Call Center Deflection 2%3%3% * Time to Market 1% 1% 3% For the top three metrics, customer satisfaction was the only response where there were significant differences by company size. None 2% 0% 1% n=925 9 Companies with over 10,000 employees are more likely to consider customer satisfaction the number one metric for their social business initiative What are the top 3 performance metrics currently associated with social business initiatives in your...-Customer satisfaction Rank #1 Rank #2 Rank #3 48.80% 42.90% 30.10% 39.40% 27.10% 29.30% 31.30% 30.00% 21.30% less than 1,000 1,000 to 9,999 10,000 or more 10 Respondents Anticipate Significant Growth In The Use Of Insights Gained From Social Platforms What does your organization typically do with the insights gathered from its social platform(s)? Question: What does your organization typically do with the insights gathered from its social platform(s)? Select all that apply Question: How do you anticipate these insights will be used in the near future (within the next 12 months)? Select all that apply Future Now Use them within my department to learn informally 53% 52% Share across departments in hopes they are used 48% Use them departmentally to impact our goals 47% Integrate into customer care initiatives 46% Use them in product development and R&D efforts Do nothing with them Other n=829 32% 5% 9% 2% 3% 56% 62% 60% 45% US respondents were more likely to use insights within their department informally (today and in 12 months) and LESS likely to use them in product development and R&D (now) 11 The Majority Of Organizations Strive To Be A Socially Enabled Enterprise Question: How important do you think social enablement will be to successful companies in the future? Question: How important is it to you that your company be a socially enabled enterprise? Importance of Social Enablement Importance For My Company 63% 67% Very Important Important Neither Unimportant Very Unimportant Very Important Important Neither Unimportant Very Unimportant 32% 30% 3% n=839 1% 4% n=838 12 More Than 50% Of Organizations Report That They Currently Are Or Will Be A Socially Enabled Enterprise Within The Next Year If your company wanted to be a socially enabled enterprise, how long would it take to achieve that goal? Common characteristics • Top industries include Education, Retail (wholesale distribution – not computer) and Financial Services 34% • Primarily large organizations (50,000 employees or more) 31% 24% 9% Already Are < 12 months 1 to 2 years 3 to 5 years 2% 1% > 5 years Never n=835 13 Nearly Half Of The Organizations With 50,000 Employees Or More Report That They Already Are A Social Business If your company wanted to be a socially enabled enterprise, How long would it take to achieve that goal? We already are Less than 12 months 1 to 2 years 3 to 5 years More than 5 years Never 46% 38% 35% 32% 33%31% 31% 28% 26% 39% 38% 27% 25% 23% 19% 26% 19% 15% 10% 8% 1%1% 50,000 or more 3% 10% 1% 10,000-49,999 12% 3%1% 5,000-9,999 8% 7% 1%0% 1,000-4,999 1%1% 500-999 1%0% 100-499 Organization size n=835 14 The Growth In Social Platform Utilization Has Had A Significant Or Transformational Impact On The Way 1/3 of Respondents Interact With Customers How much has the growth of externally facing social platform usage ( e.g Twitter, online community, Youtube) changed the way your organization interacts with customers? Characteristics of organizations experiencing transformational impact 43% 26% 23% • Larger sized companies from Computer products, telecom • All sized Manufacturing 5% 4% No Impact • Smaller sized company from business services and not for profit Little Impact Moderate Impact Significant Impact Transformational Impact n=821 15 Agenda: Agend a & Panel Study highlights – 20 minutes Speaker roundtable – 20 minutes Q&A session – 20 minutes Panel: Erika Brookes, VP, Product Strategy, Oracle Social, @ebrookes Don Bulmer, VP Communications Strategy, Shell, @dbulmer Chris Boudreaux, Global Lead for Social Media Offerings, Accenture, @cboudreaux Moderator: Vanessa DiMauro, CEO, Leader Networks, @vdimauro 16 Pre-register for the research paper & full study report: http://socialmediatoday.com/socially-enabled-enterprisewhitepaper INFO Contact Info • Vanessa DiMauro CEO, Leader Networks +1.617.417.3893 vdimauro@leadernetworks.com • Susie Penner Oracle +1.650.506.1973 susanne.penner@oracle.com 17