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The New Know

                         Author Thornton May argues that analytics is needed by all enterprises to be successful. This is
                         most certainly an underlying reality and end objective of a Social CRM program. You’ll want to
                         read Thornton’s book, The New Know (Wiley and SAS Press, 2009).

                Build a Social CRM Programchapter 9: SOCIAL CRM ■

                       Implementing Social CRM is both easier and more difficult than it might seem at first.
                       It’s easier because many of the Social CRM components are found in tools or applica-
                       tions that you are already using or could quickly adopt: platforms like Twitter, for
                       example. At the same time, implementing a Social CRM is more difficult than it needs
                       to be because not all of the applications involved work together as smoothly as they
                       should. Depending on which platforms you (or your IT staff) choose, there will likely
238 be gaps. It will fall to you to fill them.

                                Table 9.2 shows a sampling of the components that are available, from which
                       you can assemble an overall solution. As you review the table, note the applications or
                       solution providers you are working with now. As well, work through the sequential
                       activities—listening, responding, connecting, and collaborating—and mentally check
                       off what you have covered versus what you will need to spend more time considering
                       for inclusion in your overall social business strategy.

                         P Table 9.2 Social CRM Components          Used For                  What this offers
                                                                    Social media analytics
                             Component Examples                                               Quantifying conversational data; facili-
                             Alterian SM2, Buzzmetrics, Cymfony,    Listening, Responding     tation of monitoring and response.
                             Google Alerts, Radian6, SAS Institute                            Source of conversations that can be moni-
                             CoTweet, RightNow, Rapleaf, Twitter    Responding, Connecting    tored and used to drive response program.
                                                                                              Prioritizing influencers and developing
                             BuzzStream, Gist, Rapleaf,             Tapping social profile    relationships.
                             RightNow, SAS Institute                data; connecting cus-     Source of information about the indi-
                             BuzzStream, Gist                       tomers to conversations.  viduals that are influencing others in
                                                                    Connecting with cus-      your marketplace or supply chain.
                             Appirio Cloud Connectors,              tomers and stakeholders   Combines social profile data with
                             Faceconnector, Informatica                                       existing customer data to improve the
                                                                    Collaborating,            relationship building process.
                             IBM’s IdeaJam, Lithium Technologies    Generating new ideas      Spurring innovation by working directly
                             Social CRM platform Salesforce.com                               with customers.
                             Ideas                                  Support, Collaboration
                             Lithium Technologies: Reputation       (internal and external)   Identifying key participants in com-
                             Engine, CRM Connect, Social Web                                  munities; combining social profiles and
                             Connect                                                          conversational data.
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