Posts Tagged ‘Social Media’

Delivering choice and control through differentiation: 82% like it!

The thing about passion is that it is catchy…the energy it gives rubs off onto others.  A colleague of mine had a recent ‘service experience’ and wanted to share it with me and I would like to share it with all of you.  I would like to introduce you to Lucinde Klop (@Lucinde_K ) – another passionate customer service consultant from Accenture – and this is her service experience.

Selecting a new health insurance plan has been on my ‘to do list’ for a couple of weeks. I was not looking forward to this task, as I was expecting my only choice was between marginal differences in monthly payments and reimbursements.  However, when I finally got to it, I was highly surprised! Not only could I choose from monthly payment options, but I could also choose between various levels of service defined per insurance package.

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2012: Nieuwe ronde nieuwe kansen

A new year brings new hope, new chances, and new energy - or as the Dutch say – ‘nieuwe ronde nieuwe kansen’!  At the start of 2011 I selected five key service themes for the focus of 2011; these unfortunately did not all play out over the course of the year.  But one must not get disappointed in the lack of progress.  One must smarten the goal and move forward…

For 2012 I have selected three service themes which are going to monopolize the conversations both on the blog and on location with our clients.  In order of personal importance;

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State of Social Media engagement among B2B companies

Recent Accenture research confirms that while the level of social media activity among hundreds of companies confirms the perception that social media applications can enhance consumer marketing, sales and service practices, few are using social media to its fullest potential across marketing, sales, service and innovation.

Low Level of Engagement
Accenture recently surveyed executives at more than 200 companies to get insights in their social media attitudes and actions. The research revealed that 65 percent of survey respondents considered social media an “extremely important” or “very important” channel and only one in six (17 percent) of executives perceived social media as not very important or not important at all.

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The new social world of Brands

Interactive new media offer new opportunities to interact with consumers. Considering the importance of these interactions, communications taking place within this new digital space can have an important effect on the perceived brand personality. Research I am currently conducting as part of my MBA program focuses on defining important elements within interactive, social media that can contribute to the formation of brand personality and investigating those relationships.

Please help in the completion of the research by completing the survey: tinyurl.com/crossmediambathesis.

Transformation of engagement
When Howard Schultz returned to the CEO position at Starbucks in 2008, he stated rebuilding trust with the customers was the main priority for the company. At the basis of his approach: social media. “It has become paramount that brands understand that trust isn’t something you build through traditional marketing,” Schultz said. “You do that through integrating social and digital media. It is a science – as well as an art – to understand how to do this in a way that is authentic and genuine, and not just marketing. Because if it’s just marketing, (consumers) will see right through it.”

In recent years, social media has gone past the hype and became mainstream. In the U.S. for example, social networks and blogs now reach close to 80% of active internet users and represent nearly a quarter of total time spend online. Other countries follow closely, with users joining either local heroes and/or the global giants. But social media not only connects people with each other, but also with places they go, media they watch and items they like and buy. This phenomenon has great implications for business. As everybody and everything is connected and exchanges information real-time, organizations get flattened and leadership becomes more transparent. But arguably the biggest impact is that it has changed the old way of doing business forever.

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Getting Social Media to work for your business

Social media is rapidly coming of age, as the massive acceleration of social media adoption around the world can attest. More people are taking to their computers and mobile devices to connect with friends, post their opinions and engage in conversations. Therefore it’s vital for business leaders to understand this phenomenon and to prepare their organizations to thrive when customers wield more power and influence over businesses than ever before.

As companies consider their approach to social media, they must first understand the benefits of engagement, as well as the risks of not engaging. For most organizations, social media offers significant opportunities to accelerate their ability to launch new brands, incrementally strengthen customer relationships and drive revenues from existing customers, new customers and new local/global markets. If a company chooses not to engage, it will find competitors rapidly filling the gap—and, potentially, could see its brand and reputation damaged by critical comments that ‘‘go viral.’’

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Social networking imperatives for Banking

The days of visiting a local branch to conduct most transactions are long gone. With the growing amount of time consumers spend online, banks regain opportunities to make up for the lost personal interactions.

For banks considering their presence in social media there’s no more waiting and the time has come to get serious. Banks must get their strategies in motion now. Because of the social media activities of leading brands outside of financial services and the ever growing expectations of customers. Recent Forrester research shows that 42 percent of online adults are interested in engaging with their financial providers.

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Unsatisfied consumers: who will take the first step?

The Accenture CRM Team recently completed a global survey of consumers to ask about their views and opinions in the area of customer service.  In the Netherlands there were 1004 participants in the survey and the results were at times quite surprising!  To keep it simple I have selected five key findings that I wish to share with you;

1. Customer service expectations are rising!

Globally, 40% of consumers stated their customer service expectations had risen as compared to one year ago.  This figure dropped to 19% for the Dutch sub-set of consumers.  Why so much less in the Netherlands…?

2. Dutch consumers are the least satisfied with the most important service characteristics!

From eleven pre-specified service characteristics, Dutch consumers gave the following three (in order of priority) the highest score in importance: ‘having employees who are knowledgeable and informed’, ‘having customer service employees who know my history so I do not have to repeat myself’, and 3rd place was ‘the amount of time I have to wait to be served’.  After scoring the characteristics to determine which were the most important consumers then were then asked to rate how satisfied they are with the current delivery of these characteristics from Dutch service providers.  On a scale of 1-5 (5 being highly satisfied) the scores are shockingly low;

  • having employees who are knowledgeable and informed scored 2.74
  • having customer service employees who know my history so I do not have to repeat myself scored 2.42
  • the amount of time I have to wait to be served scored 2.44

So the service characteristics that are the most important to Dutch consumers are also those characteristics that consumers are least satisfied with.  Odd, don’t you think?  Are Dutch consumers not communicating to service providers what is important to them…? Or are service providers just not listening…? Read more…

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Accenture favorite employer in consultancy

Intermediair, the largest magazine for highly educated (young) professionals in the Netherlands, published it’s annual corporate image research titled ‘Intermediair Imago Onderzoek‘ on the 50 most popular/favorite employers to work for. Based on an independent research asking over 3300 professionals to name 3 companies they would like to work for (on top of mind), Accenture this year jumped 10 ranks up to #37 in 2011.

According to Job Mensink (Brandgiving) valuable employer branding cannot be achieved with expensive media campaigns any longer. Conversations facilitated by social media play an increasing role in the image of companies, says Mensink. With the rise of social media, employees are more willing to talk (with eachother and peers) about the company they work for, and that is most important for an corporate image. It’s not about creating an image, but about companies staying close to their core values.

Even more remarkable is that Accenture is listed as most favorite employer in the consultancy sector for the 3rd consecutive year. These results follow earlier recognitions in 2011 (MC50 and MT500), and is a demonstration of the expertise and professionalism of our people.

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#CSS2011: 250+ tweets strong!

On the 26th of May Accenture sponsored, in conjunction with TeleTrain, the first annual Customer Service Seminar.  The theme this year was to investigate and discuss the impact of new social media platforms on organizations and their interactions with the customers.

The day began with an introduction to the demanding and selective customers of today combined with a poll of the room to see how ’social’ the audience members were.  After the short introduction the participants were in agreement to the challenge their organizations face and were ready with their smart phones to start filling up the Twitter fountain.  The day flew by as all 8 speakers provided their view on the challenge of today, and those challenges that are likely to arise.  Key ideas shared by the presenters are; Read more…

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Everyone CEO

Last month Dutch strategist, innovator, social media expert and writer Menno Lanting published his fourth book titled “Iedereen CEO“. In this book one of the main things he discusses, with pragmatic writing and real-life examples, are the changes in traditional corporate organizational structures due to the influence and importance of social media and new technology. The core principe of the book is that in this network era everyone is/can be the CEO.

Months ago Lanting contacted me via Twitter to discuss social media at Accenture and my view on the phenomenon. The vivid discussion led to several published pages in his new book, including an excerpt from page 137: Read more…

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