Show me the money! The value in social business at Engage 2014
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Transcript of Show me the money! The value in social business at Engage 2014
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@sbeerendonk
Show Me the Money! The Value in Social Business
Sasja Beerendonk, e-office
@sbeerendonk
18-3-2014 @EngageUG #engageug
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@sbeerendonk
About me
twitter.com/sbeerendonk
http://nl.linkedin.com/in/sbeerendonk
http://thoughtsoncollaboration.com
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Agenda
• ROI, why? and some social business ROI myths
• From social software to a social business
• Measure: usage versus effect
• Value of engagement
• Value of productivity
• Value metrics through use cases
• Quality
18-3-2014 @EngageUG #engageug
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@sbeerendonk
ROI, why?
18-3-2014 @EngageUG #engageug
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@sbeerendonk
What is the ROI of a phone?
• Should we measure the amount of calls?
• How does the phone help an employee do their work?
• Does use of other systems, such as email, decrease?
18-3-2014 @EngageUG #engageugSource: Return On Contribution (ROC): A
Metric for Enterprise Social Software, Muller
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@sbeerendonk
Social business ROI myths
a metric = ROI
social business ROI is not measurable
measuring ‘likes’ and ‘followers’ = ROI
18-3-2014 @EngageUG #engageug
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@sbeerendonk
From social software to a social business
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Social business creates value
18-3-2014 @EngageUG #engageug
find expertise
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@sbeerendonk
Maslow’s hierarchy for enterprise 2.0
18-3-2014 @EngageUG #engageugMaslow’s Hierarchy of Enterprise
2.0 ROI, Hutch Carpenter, 2010
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@sbeerendonk
Measurement principles
• Define success
• Measure to inform and enhance
• Don’t fall for ‘easy measures’
• Better measures
• use cross-referencing and combining of metrics
• Measure regularly
• Increase organizational effectiveness, across borders, reducing duplication of effort
• # communities with active participation from employees from different offices
• # blog posts with comments from employees in other offices
• % projects (activities) with employees from different offices
18-3-2014 @EngageUG #engageugSource: Michael Sampson –
User Adoption Strategies 2nd ed.
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@sbeerendonk
Measure: usage versus effect
18-3-2014 @EngageUG #engageug
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@sbeerendonk18-3-2014 @EngageUG #engageug
Distinguish between the reach of social collaboration, and the resulting use of tools and the effect on individual work effectivity and organisation goals.
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@sbeerendonk
Two ways to focus
18-3-2014 @EngageUG #engageug
Business process Collaboration process
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@sbeerendonk
Value of engagement
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Employee engagement
18-3-2014 @EngageUG #engageug
be show
I share my knowledge and expertise
I react and reply
I am well informed
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@sbeerendonk
1-9-90 rule on participation
18-3-2014 @EngageUG #engageughttp://en.wikipedia.org/wiki/1%25_rule_%28Internet_culture%29
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@sbeerendonk
Engagement tool
• define ‘lurkers’ further:
• Creator
• Contributor
• Joiner
• Spectator
• Inactives
18-3-2014 @EngageUG #engageug
lurk
ers
Download the flyer of the e-office engage-o-meter
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@sbeerendonk
How to make sociale software a success?
On average 15% of employees is Creator and 20% is Contributor
… in order to create value these employees need to become more productive!
18-3-2014 @EngageUG #engageug
engagement pyramid
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@sbeerendonk
Return on Contribution
18-3-2014 @EngageUG #engageugSource: Return On Contribution (ROC): A
Metric for Enterprise Social Software, Muller
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@sbeerendonk
An example of ROC
18-3-2014 @EngageUG #engageug
Source: presentation Chris Sparshott -Evaluating the Success of an IBM Collaboration and Social Networking project
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@sbeerendonk
What does the number 2.59 mean?
18-3-2014 @EngageUG #engageug
Source: presentation Chris Sparshott -Evaluating the Success of an IBM Collaboration and Social Networking project
Bookmark originator
bookmarks a resource
2.59 consumers benefir from the
work of each bookmark originator
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@sbeerendonk
Value of productivity
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Sequential collaboration versus co-creation
Let’s make music!
2318-3-2014 @EngageUG #engageug
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@sbeerendonk
Sequential collaboration versus co-creation
18-3-2014 @EngageUG #engageug
Let’s make music!
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@sbeerendonk18-3-2014 @EngageUG #engageug
Drums
Lead guitarRythm guitar
Bass
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@sbeerendonk
Merge together
18-3-2014 @EngageUG #engageug
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@sbeerendonk
True co-creation
29
18-3-2014 @EngageUG #engageug
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@sbeerendonk
To be succesful, employees need to …
18-3-2014 @EngageUG #engageug
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@sbeerendonk
• Collaboration: Email versus Files
18-3-2014 @EngageUG #engageug
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@sbeerendonk
• Collaboration: Email versus Wiki
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Productivity wins
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Value metrics through use cases
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Organization goals
• Work more effectively across countries and timezones
• Bring together expertise from different offices/countries
• Decrease travel time
• Bring innovations to market faster
• Deliver projects on time
• Solve problems faster
• Secure expertise from employees who leave
• Faster onboarding
• Build communities of practice to share and enhance knowledge in key areas
• Hold on to good staff longer18-3-2014 @EngageUG #engageug
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@sbeerendonk
How then?
• Focus on organisation goals
• ‘Translate’ goals to use cases
• Work from activity-metrics to value-metrics
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Finding expertise
• Quickly locate the right people, or published content containing, the expertise needed to solve a problem
• Connect the best possible resources to effectively respond to customer needs
• Document and share reusable solutions to common issues
• Create highly-engaged and productive employees.
• Benefits
• 30% improvement in speed of accessing experts
• 55% increase in visibility of company’s subject matter experts on its public website
IBM Whitepaper (2013)Patterns in achieving social business success by leading and pioneering organizations
USE CASE
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Gaining external customer insights
• Quickly learn customers’ opinions and preferences related to existing and potential products and services
• Identify and connect with key customer influencers to aid marketing efforts
Benefits
• Nearly 50% reduction in customer/agent service costs
• >50% decrease in time required to develop new services and features
• 20% reduction in man hours needed to create new product release information
USE CASE
IBM Whitepaper (2013)Patterns in achieving social business success by leading and pioneering organizations18-3-2014 @EngageUG #engageug
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@sbeerendonk
Share knowledge
• More efficiently and effectively capture, share and access knowledge
• Increase innovation through wider reach of ideas
• Reduce excessive, unproductive time spent searching and exchanging information
Benefits
• 30% improvement in speed of accessing experts
• Productivity increases of 20-25% attributable to reduced need for status meetings
• Accelerated problem resolution due to more effective use of communication tools
• Improved employee engagement and satisfaction
USE CASE
IBM Whitepaper (2013)Patterns in achieving social business success by leading and pioneering organizations18-3-2014 @EngageUG #engageug
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@sbeerendonk
Recruiting and onboarding employees
• Collaboratively find and connect the right candidate to the right position
• Streamline assessment and hiring processes
• Better connect, engage and retain new hires
• Contextually recommend expertise to increase new hires’ productivity
Benefits
• 30% more candidate searches completed annually
• 25% reduction in time needed to fill open positions
• 2 day reduction in time to on-boarding new employees, 30% faster new hire time-to-value
• At least 20% increase in employee retention
USE CASE
IBM Whitepaper (2013)Patterns in achieving social business success by leading and pioneering organizations18-3-2014 @EngageUG #engageug
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@sbeerendonk
Use case example
18-3-2014 @EngageUG #engageug
support department needs to collaborate more effective across borders and time
Employees are able to locate colleagues with needed skills irrespective of their location
Subject matter coordinators blog regularly to share latest updates in their area
“How to” wikis are regularly updated by team members and are heavily used to find information
Activities are set up to enable small teams to work together across time zones to resolve problems
% profiles with skills updated# searches on profiles# reads of profiles
# blog entries added# blog authors# comments to blog entries# reads of blog entries
# wiki edits made# wiki authors, from different offices# comments to wiki entries# reads of wikis
# new activities started, with people from different offices# activity owners# activity members# reads of activities
Average time to close a customer request is reduced by x%
Customer satisfaction survey shows an improvement of y%
Staff satisfaction survey shows improvement in job satisfaction score of customer support staff
Staff turnover among customer support staff shows a reduction of z%
Average handling cost per customer request is reduced by x $USD
Annual customer support recruitment costs are reduced by x $USD
Metrics of creation,
consumption, membership etc
IBM Software Services for Lotus - White Paper, June 2010 Measuring the value of social software
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@sbeerendonk
Wait … what about quality?
18-3-2014 @EngageUG #engageug
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@sbeerendonk
Quality of collaboration
18-3-2014 @EngageUG #engageug
Does the result
get better?
Do people feel
more engaged?
Does the work
produce more
revenue?
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@sbeerendonk18-3-2014 @EngageUG #engageug
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@sbeerendonk
And now …
• Questions?
• Contact me
• More information ? • experience the business of
social software
• Read whitepaper• ‘Social Business’ (NL)
• Watch more webcasts and
live [email protected]
twitter.com/sbeerendonk
http://nl.linkedin.com/in/sbeerendonk
http://thoughtsoncollaboration.com
18-3-2014 @EngageUG #engageug