The Business Value of Social Media

by Terry Hemeyer, 3/16/2011 10:23:31 AM | with 16 comments
Deirdre Walsh recently was a guest speaker in my class at The University of Texas at Austin. Deidre is a friend, ex-student of mine and now a nationally recognized expert in the digital/social media sphere and its application to business. As the manager of social media at National Instruments, she recently posted a blog post about the value of social media, “Business Value of 140 Characters.” We at Pierpont express the same value to our clients and are proud to share Deirdre’s following social media insights with you all. Enjoy!
 
“Today’s social web provides great insight into what is being said about your organization, products, markets and even the competition. By tracking important wikis, forums, blogs and other Web content, you can now engage customers and prospects to quickly identify opportunities and threats, share them in real time, and collaboratively respond. If done correctly, you can help develop your company’s brand WITH your customers.
 
Your public relations team is probably doing a great job monitoring online conversations; however, much of their gathered intelligence often lives in a vacuum. It commonly gets buried in inboxes, servers or is shared in a silo among team members who have access to expensive social media monitoring tools.
 
Additionally, with the “old school” PR model, few employees beyond marketing or support teams are even empowered to actively engage customers and help develop the corporate reputation. At National Instruments, this was a problem. As the social media manager I am responsible for listening, responding and tracking key conversations. I needed a better method than spreadsheets, emails and stand-alone listening services that charge by the keyword. I needed a way to bridge the conversations happening inside and outside the firewall. I developed the following 6 Steps to Social Media Monitoring.
 
  1. Collect information;
  2. Filter to determine if the conversation meets our goals;
  3. Engage the subject matter experts;
  4. Respond;
  5. Assign sentiment (Is it neutral or troublesome?); and
  6. Analyze (for action).
While 140 characters seems minute, there is a huge opportunity when you listen, empower your employees and customers to respond, and utilize the insight gained to make real business decisions.”

Share using:Add to DeliciousAdd to DiggAdd to RedditAdd to Yahoo MyWebAdd to Yahoo BookmarksAdd to TwitterAdd to FacebookAdd to TerchnoratiAdd to Google BookmarksAdd to MySpace
Trackback URL: http://www.piercom.com/trackback/972456e7-228f-4d36-8c0b-73e31e4554e1/The-Business-Value-of-Social-Media.aspx

Comments
Sewana
BION I'm impesrsed! Cool post!
5/2/2011 7:40:24 AM
Report abuse

opgykadoima
HBykPN <a href="http://wuufvhjihadw.com/">wuufvhjihadw</a>
5/2/2011 10:29:02 PM
Report abuse

hdpzpiubbi
znmCgq , [url=http://oydbfmabkixc.com/]oydbfmabkixc[/url], [link=http://bcvsdprwrsbq.com/]bcvsdprwrsbq[/link], http://hahohnclkrzq.com/
5/3/2011 3:17:27 AM
Report abuse

elaaaineee
cheapest online cost for levitra qqceyx generic viagra levitra and tadalafil 779
5/5/2011 8:09:50 AM
Report abuse

Mageimpact
life insurance quotes 8023 auto insurance 14775 auto insurance 94606
5/6/2011 12:45:42 AM
Report abuse

Tsunomy
casino games 339 air tickets 8O flights international 327666
5/12/2011 1:52:34 AM
Report abuse

Tsukitoso
life insurance 3384 life and health insurance nzoe car insurance quotes obtp
5/18/2011 9:13:08 AM
Report abuse

AlbPWBD
business insurance fszu cheap auto insurance 8-[ life insurance rgdksv
5/19/2011 5:07:37 AM
Report abuse

sk8erRSM
cymbalta %) topamax %[ prednisone tablets 1362
5/22/2011 8:35:34 PM
Report abuse

xsanozuke
affordable car insurance 504 cheap car insurance tujbul life insurance quotes 3034
5/23/2011 8:09:26 PM
Report abuse

Rubenelpirata
cheapest auto insurance 06730 acomplia 8OO
5/27/2011 12:09:07 AM
Report abuse

folkobg
life insurance 51502 new york car insurance 322766 home insurance redrj
5/27/2011 7:44:38 PM
Report abuse

gurdoman
colchicine fxrny zovirax rri buy valtrex private %((
5/30/2011 9:46:58 PM
Report abuse

sissyta
viagra =-PPP car insurence 755038
5/30/2011 11:31:06 PM
Report abuse

sakuraan
cheap health insurance =-)) health insurance :-OO life insurance quotes osb
5/31/2011 8:27:52 PM
Report abuse

resume
It's almost a suicide. Nobody would go for it.
4/9/2012 7:45:16 AM
Report abuse

Leave comment
Name:

E-mail:

Your URL:
Comments:

Enter security code:
 Security code




Tag Cloud


Recent posts

The Business Value of Social Media
PR Internships are More Important than Ever
Chevron and Pierpont Team up to Discuss Corporate Communications
What’s a Radio? A Tip for Hurricane Season
President Obama Fires General McChrystal

Post archive

March 2011(2)
October 2010(2)
June 2010(1)
April 2010(0)
April 2010(3)
March 2010(1)
January 2010(1)
November 2007(1)
October 2007(1)

Syndication