22

December

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collaborationWhen we talk about collaboration or knowledge sharing, we often assume that this refers to what is occurring within the enterprise. The fact is that there are two types of collaboration: internal and external.

External collaboration occurs between a brand and its consumers via social media channels or platforms such as blogs, wikis, Twitter, or online communities. These dynamic platforms enable brands to search for ways to increase revenues, reduce costs, gain more efficiency and enhance customer service, and gain input and access to new people.

The connecting and sharing that takes place externally can also be leveraged within the workplace. Internal collaboration enables employees to enhance communication, improve productivity through document and file sharing, desktop sharing, chat, social networking and many other features that mobilize employees, business partners and internal communities to leverage the platform to stimulate action inside the firewall; the goal of course being to meet specific business objectives. Web 2.0 tools are having the same magnitude of impact on workplace communication as e-mail did years ago.

External and internal collaboration should demonstrate business impact across the organization. The goal with both types of collaboration is very similar: get people to collaborate in a way that provides tangible benefits to enterprises, while facilitating achievement of business objectives.

The key to a completely social business is integrating both internal and external collaboration strategies into the business plan. Both types of collaboration enable businesses to be more competitive and do things faster and more efficiently. Collaborating externally builds relationships with consumers, increases revenue, decreases research, product development and marketing costs, and improves customer service. Collaborating internally improves the company at its core. It connects people and advocates a sharing culture, thereby increasing team productivity, leveraging specialty knowledge that exists within the company and reducing decision-cycle times (among other things).

Some of the benefits of a completely social business:

  • Anyone internally can participate, creating an collective intelligence repository that can be used for external activities.
  • Platforms such as Crowdcast can be used for market predictions. The information can be shared to an external community to balance consumer expectations.
  • Discussions around ideas, opinions, and strategies can be created and feedback gathered internally and then used externally for marketing campaigns, sales strategies and other customer facing activities.
  • External community recommendations and ideas can be shared internally and evaluated for appropriate action.
  • Communication between internal and external communities can be facilitated; employees can speak with other employees, customers can speak with other customers, and employees and customers can speak with each other. This breaks down communication barriers and helps both customers and employees take action.
  • Valuable connections or relationships can be established internally that can enable new external relationships to be developed.
  • Top quality talent is attracted to companies that adopt and embrace new business and technology practices.
  • Customers are more likely to support companies that are known to have a caring reputation, and are interested in building long-term relationships with them.

We addressed the benefits of implementing an internal and external collaboration independent of each other and working in tandem. For companies to position themselves for success, essential ingredients to being a completely social business are:

  • Strategy comes first and the tools come second, not the other way around.
  • Focus on the business value, opportunity costs and risks. It’s crucial for companies to understand the business objectives of creating internal and external collaborative communities.
  • Benchmark and set up a solid measurement framework that relates back to business objectives, i.e. increase productivity, increase sales, and/or reduce costs.
  • Cultivate and nurture a collaborative culture within the company.
  • Understand that this is a long-term process that requires a solid adoption plan. Make collaboration fun and reward participation.
  • Develop governance guidelines, and training programs around internal and external collaboration efforts to maintain cooperative rules of engagement.

The advent of internal and external collaboration to build and maximize business value is inevitable.  Learning to see the value in social software platforms and comprehensive strategies will position companies ahead of the competition.  Companies that will take advantage of internal and external collaboration in 2010 and beyond will win.

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13

November

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Thus far we have covered the Strategy and Creativity portions of our social business process.  Now we are going to cover the Results section.  The Results section is what ties in everything that has been done up to this point and shows what has been accomplished.  Results are really what companies are after and without the proper process and approach you won’t be able to provide companies with a solid understanding of what the results are.  This is really where we try to show clients the justification for their social business investments.

Monitor Process and Analyze New Data

This is where we look at how the implementation process has been going thus far and make sure that everything is running properly, smoothly, and according to plan from both a technology and a business standpoint.  We also take a look at new data that is being collected from customers and from internal business units.  Data can include everything from conversations to changes in purchase behavior to feedback from employees on how they feel the social business efforts are progressing.  We compare this data with the information we gathered at the beginning of the social business process so that we can see changes.  We also address any issues or problems that might come up during implementation.

Calculate ROI and Impact

After we collect the new data and compare it to previous data that we have collected, we determine the ROI and impact of everything that has been implemented along the way.  It’s important to note that the social business process itself doesn’t have a timeline attached to it so there can be a considerable gap in time from Creativity section to the Results section.  Typically, we want to measure ROI and impact on a quarterly basis (continuously).  The time-frame for ROI and impact measurement varies depending on the scope of work and the project for the client.  However, you should start to see metrics moving in the right direction.

Insight Delivery

This is a report that we deliver to the client which covers everything from the initial point of engagement up until the report is created.  The report includes everything from a summary of work and future recommendations to forward looking ideas/strategies and successes/challenges that came up during the engagement.  The report is designed to be comprehensive and is customizable based on the clients needs.  After the initial insight delivery report is delivered, it is necessary to continue with comprehensive insight delivery reports on a quarterly basis to follow the ROI and impact calculation process.

Adapt and Revise

As the final step in our social business process, we adapt the work that has been done and work on revisions to obtain better results.  The process is continuous as there are always new learnings that can be applied from one quarter to the next.  There are also new strategies and software solutions that are developed and we want to ensure we integrate these into our client’s business process.

And there you have it, along with Pt. 1 and 2, this is Chess Media Group’s social business process.  What do you think?  We’d love to get your feedback.

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05

November

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A few days ago I talked about the Strategy portion of our process diagram that we have on the homepage.  I highly recommend that you take a look a that process diagram and read the previous post to get an understanding of how we are approaching social business strategies.  Today I’m going to talk about [...]

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02

November

2

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As you may have seen from our homepage, we have created a distinct approach to our social business strategy.  In this post I wanted to go into a bit more detail and explain each one of sections on the process diagram.  This is by no means a final process and it will be continuously revised [...]

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28

October

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For Immediate Release
October 29, 2009, Calgary, AB – Social business consultancy Chess Media Group is pleased to announce an addition to its team.  Sonny Gill is joining Chess as Associate, Social Media Strategist and will contribute to the firm in the areas of strategic consulting, and education and training.
Gill is an experienced online marketer who [...]

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