All posts tagged brand

Last week, Forrester’s Principal Analyst, Tracy Stokes asked the question, “How Green Is Your Brand?”

With increased demand from consumers for environmental benefits, but also increased scrutiny from green claims, what are you doing to make your brand greener? Is it important to your consumers?

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“Social media is a reflection of what we love, so people are becoming very good at sharing exactly what they love and the brands and musicians they love,” writes Calum Branan in an article about Lada Gaga replacing Oprah as #1 on Fortune magazine’s Celebrity 100 list. “People relate to her and social networking is all about that personal connection. People look at her background and where she’s come from and they look at what she’s achieved in a relatively short period of time.”

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Many industries have begun to recognize the importance of an effective social strategy to stay competitive, and the pharmaceutical industry is no exception. Beginning on Monday, May 2 the Advanced Research Institute will present its annual Social Media for Pharma conference in Princeton, NJ. Over 20 companies will be speaking at the event about planning for effective development, execution, and evaluation of Web 2.0 strategies.

The conference provides a forum for pharmaceutical professionals to share experiences and successes in the social media realm. In addition to the wide range of speakers, the event provides a number of opportunities such as networking lunches and unique workshop sessions covering topics such as:

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Vicki provides some quick tips in this 2 minute video on using the advanced Google Blog and Twitter search functions for estimating how much social media content you can expect to find on your brand, products, or a general topic of interest.  Watch the video by clicking the yellow link below:

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As I mentioned in my post last week, I had the opportunity to attend the 3rd Annual Gravity Summit at UCLA.  Everyone from Pharma, Food , Retail, and Entertainment participated and shared some very valuable insight about social media then, social media now, and social media next.

Some of the day’s presenter highlights include:

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Many companies are beginning to realize they need to take a more strategic view toward the intelligence they gather from social communities, realizing that this insight not only can transform their approach to customer service, but also support brand health over the long term. As a result, “Social Servicing” – understanding and addressing the needs of customers online and determining how to measure those efforts to make informed decisions as to when and how to invest in additional resources and scale on a global basis – is getting more focus.

Many global brands seeking to support and develop the long-term health of their brand are beginning Social Servicing programs as one of their leading forays into social activation.  For most, customer servicing is one of the first business groups within the enterprise to begin social activation.  Customer servicing programs can leverage social servicing into the business goals already in place.  Most often the most successful programs are created from teams of  existing service professionals  already well versed at handling customer relations and adding the social channels to the more traditional channels already being serviced layering in social as part of their servicing solution.   As businesses establish their online presence through easily recognizable and increasingly active Twitter handles, forum and social channel presences Social Servicing becomes normalized and the opportunity for Social Servicing to expand into new channels and to go beyond one to one customer interaction grows.   Over time, this practice becomes increasingly important to the business and its reputation, organizations likely will need to increase the number of staff devoted purely to this function, especially across multiple markets. Customer service professionals are also going to want to have better ways to analyze the influence of each author to understand the bigger picture of their efforts and establish uniform criteria for issue resolution and escalation. To that end integration and usage of API’s is becoming a key component.

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I’m here to tell you that corporate social media listening – if not handled correctly – can be detrimental to your brand; an unusual claim considering the company that signs my paychecks. But it’s true.

Corporate and brand social media (insert your favorite term here – tracking, monitoring, listening, intelligence) has exploded over the past three years, driven mainly by the popularity of powerful social networks we don’t need to name anymore.  Social listening pretty much got its start in most companies when one business group, or in some cases, one individual decided it was time to move beyond Goggle News Reader and implement a more robust software tracking platform on behalf of the company.

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We all know consumer spending is down,   Jack Neff wrote in Ad Age, “Packaged goods are supposed to be recession- resistant staples people can’t do without.  Yet things have been different in this recession. People have proven they can do without, or at least spend less.” (http://adage.com/article?article_id=146675)

In this economy, it is critical for brands to retain every one of their customers and use them to influence competitors’ customers to switch brands. It is in the social media space with its existing channels that brands can have an impact of achieving customer retention and new customer acquisition goals, as well as integrate Social Intelligence into Marketing and Sales strategies to achieve this broad sweeping goal across the enterprise.  This was the overall theme of the SOCAP (Global Community of Relationship Experts) International Conference this year; how you can integrate your marketing efforts and social media monitoring software tools to gather new customers and build loyalty campaigns and then share best practices across organizations: PR, Customer Service.  And integration is not simply sharing of software; it is literally customer service taking on traditional marketing roles, PR taking on traditional sales efforts, albeit through different channels. And to this point, marketing recognizing the strength in the knowledge base of existing organizations, especially at a time when companies are running lean across the board, and utilizing these groups.

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