sales teams and value of social software (ibm)
DESCRIPTION
Describes the impact of using social processes or tasks within larger business processes to create a map of where social software provides business value. Executives like this because you are describing value in terms of processes that they know and understand, and simply replacing some (not all) steps with alternative or possibly better ways of doing things.This was also shared at the IBM Beyond Web 2.0 conference 2009.TRANSCRIPT
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Sales Teams and the Business Value of Social Software | December 2008 © Copyright IBM Corporation 2008, 2009. All rights reserved.
Sales Teams and the Business Value of Social Software
Gina Poole, Rawn Shah, Pam Nesbitt, Kate Ehrlich, Michael Muller, David Singer, Hardik Dave, David Millen,Michael Pazzaglini, Aaron Kim
December 2008
Contact: [email protected]
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2 Sales Teams and the Business Value of Social Software | December 2008
Agenda
I. Introduction
II. Background
III. Analysis
IV. Conclusions
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3 Sales Teams and the Business Value of Social Software | December 2008
I. Introduction
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4 Sales Teams and the Business Value of Social Software | December 2008
Study Description
● This is an express study to discover if it is possible to identify a correlation between social software usage and improved sales team effectiveness, given the metrics data sources available in IBM.
● This work aims to lay the groundwork for a more extensive study on the effectiveness of social software in improving collaboration, team productivity and operational efficiency in established Sales teams.
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5 Sales Teams and the Business Value of Social Software | December 2008
II. Background
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6 Sales Teams and the Business Value of Social Software | December 2008
The Need to Demonstrate the Business Value of Social Software
2007 Global Technology Outlook: Digital Communities Implication: IBM should use digital communities technologies to enhance teamwork and collaboration within IBM and to reinvent how we support our business partner and customer ecosystem.
Jeff Schick, VP Social Software, SWG Lotus We need to present IBM as a case study of a socially networked enterprise, and describe the benefits, value and ROI of social software adoption.
12/07 Corporate Technology Team Study, IBM as a Socially Networked Enterprise, Gina Poole
Recommended Action: Define a more strategic, systematic, and targeted approach to capture organizational business value by role, by task, and by business objective.
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
7 Sales Teams and the Business Value of Social Software | December 2008
Why are Sales teams an appropriate population to study?
● Teams are where value is generated in IBM.
● Existing research shows high performance for sales teams correlates to a high degree of collaboration.
● Sales productivity is highly relevant to IBM’s success.
● SWG has a strong emphasis on improving the effectiveness of sales teams.
● A salesperson’s time is limited; 2007 study on sellers shows saving time for sellers leads to increased performance.
● Teams can benefit from both team- and individual-oriented social software, affecting a wider range of our software tooling.
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8 Sales Teams and the Business Value of Social Software | December 2008
2006 Study on Effective Collaboration within S&D Sales Teams
TeamPerfor-mance
TotalCAGR’01-’05
Total2004 Rev Growth
Total2005 RevGrowth
Low -2.7% -29% -34%
High 17.2% 6% 9%
… and has significantly better teamwork and performance
...with 15th attribute of denser Social Networks for collaboration
1 2
3
4
5
6
7
8
1010
11
12
13
2
3
4
5
7
8
9
Low Performance
High Performance
“Tu
rns-
to”
Net
wo
rk
High Performing Teams exhibit 14 key attributes of effective teamwork
• Intense focus on team results• High focus on client interests• Team members accessible and responsive to one
another• Diverse perspectives valued• Comfort with team members making decisions that affect
other members• Mutual accountability for executing against commitments
made • Shared strategy and purpose among team members• Team members’ roles and responsibilities well
understood• Open and honest discussion of problems• Appropriate team member assumes leadership tasks for
which one is best suited• Team communicates well on client activities/issues and
how to respond• Team members seek ideas/expertise from people
external to the team• Team members work together to ensure the client is
successful• Team members collaborated on a client service plan
From 2007 GlobalTechnology Outlook
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
9 Sales Teams and the Business Value of Social Software | December 2008
Driving Social Software use across IBM
...in 40 Countries
540+ Ambassadors... “Volunteer Army” of Social Software Ambassadors
IBMers helping other IBMers
Clinics – help individuals get started 1:1
“Lunch & Learn” sessions – education on to how to use social software
“Jumpstart” engagements - internal "consulting" to help enable team
Identify use cases, best practices, and tools – by role, by task
Make it easy to get started
Generate “buzz” & Share successes
Tap Early Adopters as grassroots evangelists
Drive change tops down, bottoms up, sideways…
encourage experimentation
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10 Sales Teams and the Business Value of Social Software | December 2008
The Collaboration ecosystemIntranet Internet / world
Public
spaces
Firewall
Clients
Partners
Experts
Employees
• Find and qualify
• Know, contribute network
• Discover information
• Develop trust, credibility
Social search
Clients and Partners
• Find and qualify
• Know, contribute, network
• Discover information
• Develop trust, credibility
Profiles
Public Conversations
Communities and Teams
Meetings
Business Processes
Experts
Experts
Social software adds value to
client engagements
Social media marketing generates leads and influences customers
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11 Sales Teams and the Business Value of Social Software | December 2008
III. Analysis
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
12 Sales Teams and the Business Value of Social Software | December 2008
Fundamentals of Social Media MarketingListen to what the audience is saying about IBM products and services
Know and prioritize the key influencers and engage them as appropriate
Reach new prospects by distributing key assets into the social media sphere
Empower IBM customer advocates through communities and social media properties
Understand and communicate the impact of social media investments
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
13 Sales Teams and the Business Value of Social Software | December 2008 13
Social Media Marketing Processes Aid Sales
Sales prospecting and customer-facing interactions
• Monitor online market conversations to develop valuable market feedback • Leverage information to identify new products, competitive weaknesses, sales opportunities
Key Marketing Constituents (Product Managers, Market Mgrs)
Working on sites beyond ibm.com IBMers & Clients sharing,communicating and collaborating around topics clients are interested inEmpowering advocacy by clients on our behalf
External communities
•WebSphere® Smart SOATM social network and outreach helped drive over 27K visits to SOA World Tour site
•Distribution was compounded through syndication of the Smart SOA Widget
Maximize coverage
MonitorMonitor EngagingIBM
Engagingthe Market
Influence the influencers
IBM product manager provides briefings to industry influencers on announcements.
Interest in coverage drives awareness of IBM products/services to targeted IT audience
IBM analyzed 1.5 billion posts across dozens of languages within social networking sites, blogs, message boards, and online news. …discovered over 400,000 mentions for an IBM client…
The client integrated these insights into their marketing strategy and engaged their own customers to advise the client how they use their product.
Corporate Reputation and Brand Analysis
Communities
on ibm.com®Building Social Media Communities
with Customers on ibm.com
External-facing communities
Maximize Distribution
Maximize Distribution
Identify & Engage Influencers
Identify & Engage Influencers
Empower Advocates
Empower Advocates
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
14 Sales Teams and the Business Value of Social Software | December 2008
Social Software in Marketing and Sales processes
Client Sales Engagement Processes
MonitorMonitorMaximize
Distribution
Maximize Distribution
Identify & Engage Influencers
Identify & Engage Influencers
Empower Advocates
Empower Advocates
Engaging the Market
Engaging IBMSocial Media
MarketingProcesses
Identify & cultivate sales prospects
Web
Mar
keti
ng
So
cial
So
ftw
are
En
able
men
t
Feeds
Pro
du
ct /
Ser
vice
Off
erin
gs
Dev
elo
pm
ent
Feeds
Reviewing Customer
Needs / Conducting
Research
Reviewing Customer
Needs / Conducting
Research
IdentifyingProspective
Opportunities
IdentifyingProspective
Opportunities
Preplanning call /
Create call strategy
Preplanning call /
Create call strategy
Create SalesActivity Plans
Create SalesActivity Plans
Initial Customer
Calls
Initial Customer
Calls
Discuss/Identify
CustomerNeeds
Discuss/Identify
CustomerNeeds
Identifying Key
Decision-Makers
Identifying Key
Decision-Makers
QualifyingOpportunities
QualifyingOpportunities
Pre-salesActivities
Designing Solutions &Proposals
Designing Solutions &Proposals
IdentifyingInternal
Resources
IdentifyingInternal
Resources
CoordinatingInternal
Resources
CoordinatingInternal
Resources
Getting PriceApprovals
Getting PriceApprovals
Design&
Development
PreparingPresentation
Materials
PreparingPresentation
Materials
Presenting Solutions and
Demos
Presenting Solutions and
Demos
Negotiation &Objection Handling
Negotiation &Objection Handling
Close Sale/Take Order
Close Sale/Take Order
Account Set-up
Account Set-up
AddressingCustomer
Service IssuesInternally
AddressingCustomer
Service IssuesInternally
Monitoring Services /Solution
Monitoring Services /Solution
Delivering Services /Solution
Delivering Services /Solution
ResolvingCustomer
ServiceIssues
ResolvingCustomer
ServiceIssues
Networking /Discussing Follow-up
SalesOpportunities
Networking /Discussing Follow-up
SalesOpportunities
Solutions Review/ Quality
Assurance
Solutions Review/ Quality
Assurance
Gather CustomerFeedback
Gather CustomerFeedback
Post-saleActivities
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Team Learning& Review- Sharing
Best Practices
Team Learning& Review- Sharing
Best Practices
Reviewing Customer
Needs / Conducting
Research
Reviewing Customer
Needs / Conducting
Research
IdentifyingProspective
Opportunities
IdentifyingProspective
Opportunities
Preplanning call /
Create call strategy
Preplanning call /
Create call strategy
Create SalesActivity Plans
Create SalesActivity Plans
Initial Customer
Calls
Initial Customer
Calls
Discuss/Identify
CustomerNeeds
Discuss/Identify
CustomerNeeds
Identifying Key
Decision-Makers
Identifying Key
Decision-Makers
QualifyingOpportunities
QualifyingOpportunities
Pre-salesActivities
Designing Solutions &Proposals
Designing Solutions &Proposals
IdentifyingInternal
Resources
IdentifyingInternal
Resources
CoordinatingInternal
Resources
CoordinatingInternal
Resources
Getting PriceApprovals
Getting PriceApprovals
Design&
Development
PreparingPresentation
Materials
PreparingPresentation
Materials
Presenting Solutions and
Demos
Presenting Solutions and
Demos
Negotiation &Objection Handling
Negotiation &Objection Handling
Close Sale/Take Order
Close Sale/Take Order
Account Set-up
Account Set-up
AddressingCustomer
Service IssuesInternally
AddressingCustomer
Service IssuesInternally
Monitoring Services /Solution
Monitoring Services /Solution
Delivering Services /Solution
Delivering Services /Solution
ResolvingCustomer
ServiceIssues
ResolvingCustomer
ServiceIssues
Networking /Discussing Follow-up
SalesOpportunities
Networking /Discussing Follow-up
SalesOpportunities
Solutions Review/ Quality
Assurance
Solutions Review/ Quality
Assurance
Gather CustomerFeedback
Gather CustomerFeedback
Post-saleActivities
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Team Learning& Review- Sharing
Best Practices
Team Learning& Review- Sharing
Best Practices
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
Sales Teams and the Business Value of Social Software | December 2008
Overall Sales processReviewing Customer
Needs / Conducting
Research
Reviewing Customer
Needs / Conducting
Research
IdentifyingProspective
Opportunities
IdentifyingProspective
Opportunities
Preplanning call /
Create call strategy
Preplanning call /
Create call strategy
Create SalesActivity PlansCreate Sales
Activity Plans
Initial Customer
Calls
Initial Customer
Calls
Discuss/Identify
CustomerNeeds
Discuss/Identify
CustomerNeeds
Identifying Key
Decision-Makers
Identifying Key
Decision-Makers
QualifyingOpportunities
QualifyingOpportunities
Pre-salesActivities
Designing Solutions &Proposals
Designing Solutions &Proposals
IdentifyingInternal
Resources
IdentifyingInternal
Resources
CoordinatingInternal
Resources
CoordinatingInternal
Resources
Getting PriceApprovals
Getting PriceApprovals
Design&
Development
PreparingPresentation
Materials
PreparingPresentation
Materials
Presenting Solutions and
Demos
Presenting Solutions and
Demos
Negotiation &Objection Handling
Negotiation &Objection Handling
Close Sale/Take OrderClose Sale/Take Order
Account Set-up
Account Set-up
AddressingCustomer
Service IssuesInternally
AddressingCustomer
Service IssuesInternally
Monitoring Services /Solution
Monitoring Services /Solution
Delivering Services /Solution
Delivering Services /Solution
ResolvingCustomer
ServiceIssues
ResolvingCustomer
ServiceIssues
Networking /Discussing Follow-up
SalesOpportunities
Networking /Discussing Follow-up
SalesOpportunities
Solutions Review/ Quality
Assurance
Solutions Review/ Quality
Assurance
Gather CustomerFeedback
Gather CustomerFeedback
Post-saleActivities
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Engaging the Client
Engaging IBM
Team Learning& Review- Sharing
Best Practices
Team Learning& Review- Sharing
Best Practices
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
16 Sales Teams and the Business Value of Social Software | December 2008
Social software adds value to client engagements
Engaging IBM
Engaging the client
Lotus® Connections
®Activities“I adapted IBM Lotus Connections Activities and Notes® 8.0 as a new way to track to-dos, contacts, and communications for sales prospecting and client touches• Increased number of hours spent with client prospects • Increased number of client touches by several times”
Jeannette BrowningClient Rep
S&D, ibm.com
Sales prospecting and customer-facing interactions
Coordinating the Client Engagement Team
• Sharing, communicating and collaborating around the client agenda• Focused on the team’s view of the client• Provides the “institutional memory of the client”, mostly as unstructured content
ClientSPACES™
Client Team EnablementBrainstorming, Live Demos and Testing
Scenarios with customers
LotusLive
virtualworlds
Lotus Greenhouse
Reviewing Customer
Needs / Conducting
Research
Reviewing Customer
Needs / Conducting
Research
IdentifyingProspective
Opportunities
IdentifyingProspective
Opportunities
Preplanning call /
Create call strategy
Preplanning call /
Create call strategy
Create SalesActivity PlansCreate Sales
Activity Plans
Initial Customer
Calls
Initial Customer
Calls
Discuss/Identify
CustomerNeeds
Discuss/Identify
CustomerNeeds
Identifying Key
Decision-Makers
Identifying Key
Decision-Makers
QualifyingOpportunities
QualifyingOpportunities
™
™
™
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
17 Sales Teams and the Business Value of Social Software | December 2008
Social software adds value to client engagements
“When clients … approached about IBM’s Virtual World leadership, it was urgent that he find an expert ...Randy turned to Atlas for Lotus Connections… found 100 experts in Virtual Worlds, …filtered down … to find Sandra Kearney, Global Director for Virtual Business.One introduction later, and Sandra was on a plane to … meet with two major clients.”
Atlas for Lotus Connections™
Randy Frink, Americas Sales
BUE IBM S&D,
Software Sales
Engaging IBM
Engaging the client
Designing Solutions &Proposals
Designing Solutions &Proposals
IdentifyingInternal
Resources
IdentifyingInternal
Resources
CoordinatingInternal
Resources
CoordinatingInternal
Resources
Getting PriceApprovals
Getting PriceApprovals
PreparingPresentation
Materials
PreparingPresentation
Materials
Presenting Solutions and
Demos
Presenting Solutions and
Demos
Negotiation &Objection Handling
Negotiation &Objection Handling
Close Sale/Take OrderClose Sale/Take Order
“We've been using Lotus Sametime Unyte for our virtual enablement events …. What started as a pilot has greatly improved our ability to execute successful events. We never went back to our previous solution. …. Attendee satisfaction levels have gone up since there is no need to install special software or plug-ins and there is not a long lag to join a meeting or refresh a screen. It has allowed us to do more things, more effectively in our virtual events and allowed us to get the most out of our enablement budgets.”
Jason DumontWW Sales Enablement,
IBM SWG
Sametime Unyte
LotusLive Lotus Connections
Activities
Lotus SametimeUnyte®
Lotus Quickr™
Wikis
LotusLive
VirtualWorlds
LotusGreenhouse
Lotus Connections Activities
Lotus Connections Blog
Lotus Sametime
LotusSametimeUnyte
Lotus Connections Profile
Lotus Connections™
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18 Sales Teams and the Business Value of Social Software | December 2008
Engaging IBM
Engaging the client
Social software adds value to client engagements
Account Set-up
Account Set-up
AddressingCustomer
Service IssuesInternally
AddressingCustomer
Service IssuesInternally
Monitoring Services /Solution
Monitoring Services /Solution
Delivering Services /Solution
Delivering Services /Solution
ResolvingCustomer
ServiceIssues
ResolvingCustomer
ServiceIssues
Networking /Discussing Follow-up
SalesOpportunities
Networking /Discussing Follow-up
SalesOpportunities
Solutions Review/ Quality
Assurance
Solutions Review/ Quality
Assurance
Gather CustomerFeedback
Gather CustomerFeedback
“When I needed to jointly edit a client reference video script with marketing, I started by creating an [wordprocessor] document and emailing it to my marketing contact, but that was slow and cumbersome.I moved everything to a wiki and immediately saw a decrease in script development time.”
Scott Kelly,AMS, Sales Enablement
IBM GBS
Wikis
Lotus Connections Activities
Lotus Connections Blogs
CattailLotusLive Lotus
Quickr
Communities
on ibm.com
Building Communitieswith CustomersSales Rep to Client collaboration environmentSales reps collaborating with customers in private communities on ibm.com
Jolene IsdaleProject Manager
IBM S&D, ibm.com
virtualworlds
“Since the army of contributors behind Cattail has been so helpful and saved me weeks' worth of selling time [in other engagements], I've joined them by sharing files I've come across and found interesting. It's quick, easy, and gratifying to know other IBMers from Netherlands to Korea have downloaded my files -- and just maybe, found them useful.”
Martin Chai,Lotus Sales
IBM S&D, Software
Sales
CattailTM
Team Learning& Review- Sharing
Best Practices
Team Learning& Review- Sharing
Best Practices
ClientSPACES
LotusSametime
Lotus Atlasfor Connections
Lotus SametimeUnyte
Lotus Connections
Blogs
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
19 Sales Teams and the Business Value of Social Software | December 2008
Seller pain points and targets to improve value
FindExpertise
FindExpertise
DevelopRelationships
DevelopRelationships
DiscoverExisting
Knowledge
DiscoverExisting
Knowledge
ShareInformation
ShareInformation
Common Seller Pain PointsCommon Seller Pain Points
DEVELOP PRE-SALES
DEVELOP
POST-SALES
DEVELOP
Impacts steps in Impacts steps in Impacts steps in Impacts steps in
POST-SALES
DEVELOP
POST-SALES
Sellers complaints andUsability findings
- Lotus User Experience team
2007 WW IBM S&D SalesValue Survey Update
IBM SWG Social SoftwareEnablement team
IBM CIO WorkplaceEffectiveness Survey
Q1, Q2 2008
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20 Sales Teams and the Business Value of Social Software | December 2008
Value to Sellers and Business Impact
Team members seek ideas/expertise
from people external to the team
Team members seek ideas/expertise
from people external to the team
Diverse perspectives valued
Diverse perspectives valued
Denser social networks
Denser social networks
Team members work together to
ensure the client is successful
Team members work together to
ensure the client is successful
Team communicates well
on client activities/issues and
how to respond
Team communicates well
on client activities/issues and
how to respond
FindExpertise
FindExpertise
DevelopRelationships
DevelopRelationships
DiscoverExisting
Knowledge
DiscoverExisting
Knowledge
ShareInformation
ShareInformation
Know where to look for expertise and
aid
Know where to look for expertise and
aid
Establish long termnetworks of
expertise
Establish long termnetworks of
expertise
Discover and reuse existing knowledge,
or expertise
Discover and reuse existing knowledge,
or expertise
Become a network resource and get
invited to collaborate on more
deals
Become a network resource and get
invited to collaborate on more
deals
Improve productivity;
More time to focus on client success
Improve productivity;
More time to focus on client success
Build relationships to experts and
resources; Demonstrate and
proliferate IBM values
Build relationships to experts and
resources; Demonstrate and
proliferate IBM values
Increase efficiency through knowledge
reuse
Increase efficiency through knowledge
reuse
Reinforce value of Team IBM
Reinforce value of Team IBM
Value toSeller
BusinessImpact
High-Performing Team Attributes
Seller Activities
/ Pain Points
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
21 Sales Teams and the Business Value of Social Software | December 2008
Methodology
Sales Performancedatabase
Low-Performing
High-Performing
Social SWUsers
NonUsers
$ $
Hypothesis: Use of social software should improve the performance of software sellers, leading to enhanced team performance.
Prediction: We would expect
• Sellers with high social software usage will appear on high-performing teams (upper right quadrant); and
• Sellers with little or no social software usage will appear on low-performing teams (lower left quadrant).
Social SW UsersNon Users
Low-perfoming SW sales teams
High-perfoming SW sales teams
$
Data from Wikis
InternalCommunities
Social Tagging / Lotus Connections
Dogear data
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
22 Sales Teams and the Business Value of Social Software | December 2008
Study Results Our results show that members of high performing teams use social software more than their low performing counterparts.
The results of our analysis were close to proving statistical significance.
• With additional data, we may be able to show conclusive evidence.
• We need larger samples, more complete sales teams, and to track more applications.
Cross-Service
Statistically significant difference
limits
23 Peo-ple
18 Peo-ple
Need More Teams with Data
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
High Performing Low Performing
Software Sales Team Performance
% T
eam
s w
ith
Mem
ber
s P
arti
cip
atin
g in
C
om
mu
nit
ies
Need More Data on Team Members
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
High Performing Low PerformingSoftware Sales Team Performance
% C
om
mu
nit
y M
emb
ersh
ip p
er P
erso
n
13 Teams
10 Teams
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23 Sales Teams and the Business Value of Social Software | December 2008
IV. Conclusions
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
24 Sales Teams and the Business Value of Social Software | December 2008
Conclusions
1 Social software is changing how sellers work.
2 Not all sellers understand how social software directly benefits them.
3Current social software metrics collection systems focused on activity alone are inadequate.
4Social software yields performance benefits in the client engagement process, but there is more to learn.
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
25 Sales Teams and the Business Value of Social Software | December 2008
“We've been using Lotus Sametime Unyte for our virtual enablement events …. What started as a pilot has greatly improved our ability to execute successful events. We never went back to our previous solution. …. Attendee satisfaction levels have gone up since there is no need to install special software or plug-ins and there is not a long lag to join a meeting or refresh a screen. It has allowed us to do more things, more effectively in our virtual events and allowed us to get the most out of our enablement budgets.”
Jason DumontWW Sales Enablement,
IBM SWG
Sametime Unyte
1. Social software is changing how sellers work.
Conclusions
Conclusion: We must spread the message on how sellers are discovering value in social software to encourage greater adoption.
Some sellers are adding social software to their repertoire of tools and methods to support their jobs.
Sellers who adopt social software are discovering the value for themselves, in their own terms.
Sellers who adopt social software can explain how social software improves their effectiveness.
When clients … approached about IBM’s SecondLife Virtual World leadership, it was urgent that he find an expert ...Randy turned to Atlas… found 100 experts in Virtual Worlds, …filtered down … to find Sandra Kearney, Global Director for Virtual Business.One introduction later, and Sandra was on a plane … to meet with two major clients.
Atlas
Randy Frink,Americas Sales BUE
IBM S&D, Software Sales
ActivitiesAdapted Lotus Connection
Activities and Notes 8.0 as a new way to track to-dos, contacts, and communications for sales prospecting and client touches• Increased number of hours spent with client prospects • Increased number of client touches by several times
Jeannette BrowningClient Rep
S&D, ibm.com
Corporate Technology
© Copyright IBM Corporation 2008, 2009. All rights reserved.
26 Sales Teams and the Business Value of Social Software | December 2008
2. Not all sellers understand how social software directly benefits them.
Conclusions
Conclusion: We must study how individual sellers demonstrate improvements in their productivity.
The adoption rate shows only a subset of sellers are utilizing social software.
Sellers need to be convinced that social software translates to improved productivity.
It is confusing to know which tool to use for which task.
IdentifyingInternal
Resources
IdentifyingInternal
Resources
CoordinatingInternal
Resources
CoordinatingInternal
Resources
Lotus Connections Activities
Lotus Connections Blog
Lotus Sametime
LotusSametimeUnyte
Lotus Connections Profile
Corporate Technology
© Copyright IBM Corporation 2008, 2009. All rights reserved.
27 Sales Teams and the Business Value of Social Software | December 2008
3. Current social software metrics collection systems focused on activity alone are inadequate.
Conclusions
Conclusion: We must develop relevant new metrics and find ways to automate and standardize metrics collection.
Challenges in attribution• High degree of difficulty in attributing social software usage to
individuals, teams, job roles, or geographies.• The data is further limited after addressing privacy constraints
that vary by countries and geographies.
Non-uniform metrics across distributed social software tools• Variations in types of metrics available in different social tools
create gaps and disparities.• Accessing data for periods longer than a month often requires
significant manual processing.
Usage / Activity metrics do not show outcomes nor relationships• Usage metrics do not show the nature of relationships between
members, which is a key attribute of high-performing teams. • Usage metrics do not directly show the outcome or benefit to
users, nor the user’s productivity from that activity.• Usage metrics alone does not show why a user prefers a
social software tool for a particular task.• Social software metrics should be a factor in business
diagnostics.
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28 Sales Teams and the Business Value of Social Software | December 2008
4. Social software yields performance benefits in the client engagement
process, but there is more to learn.
Conclusions
Conclusion: We must conduct a more comprehensive analysis to establish quantitative value.
Qualitative value of social software applies to many points in the client engagement process• Lead adopter individual sellers find value.• High performing sales teams use it more. • These tools encourage seeking expertise outside their team
(high-performing team attribute).• Social software reduces the barriers between teams.
Possible to show quantitative value (ROI), but requires deeper study• We are still in an early adoption stage among sellers.• A strength of social software is its use across many job roles,
which makes it difficult to isolate a specific population.• Social software value is likely an intangible asset.• Value in social software grows as tools evolve and adoption
increases.
"None of these intangible assets has value that can be measured separately or independently. The value of these intangible assets derives from their ability to help the organization implement its strategy… Intangible assets such as knowledge and technology seldom have a direct impact on financial outcomes such as increased revenues, lowered costs, and higher profits. Improvements in intangible assets affect financial outcomes through chains of cause-and-effect relationships.“
- Robert S Kaplan (Harvard Business School), David P Norton (Balanced Scorecard Collaborative), “Strategy Maps: Converting Intangible Assets into Tangible Outcomes”, Harvard Business School Press, (Boston, 2004)
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© 2008 IBM Corporation16 Sales Teams and the Business Value of Social Software | Gina Poole | December 2008
Social software adds value to client engagements
Engaging IBM
Engaging the client
Lotus®Connections
Activities
“I adapted Lotus Connections Activities and Notes 8.0 as a new way to track to-dos, contacts, and communications for sales prospecting and client touches• Increased number of hours spent with client prospects • Increased number of client touches by several times”
Jeannette BrowningClient Rep
S&D, ibm.com
Sales prospecting and customer-facing interactions
Coordinating the Client Engagement Team
• Sharing, communicating and collaborating around the client agenda• Focused on the team’s view of the client• Provides the “institutional memory of the client”, mostly as unstructured content
ClientSPACES™
Client Team EnablementBrainstorming, Live Demos and Testing
Scenarios with customers
LotusLive
virtualworlds
Lotus Greenhouse
Reviewing Customer Needs /
Conducting Research
Reviewing Customer Needs /
Conducting Research
IdentifyingProspective
Opportunities
IdentifyingProspective
Opportunities
Preplanning call /
Create call strategy
Preplanning call /
Create call strategy
Create SalesActivity Plans
Create SalesActivity Plans
Initial Customer
Calls
Initial Customer
Calls
Discuss/Identify
CustomerNeeds
Discuss/Identify
CustomerNeeds
Identifying Key
Decision-Makers
Identifying Key
Decision-Makers
QualifyingOpportunities
QualifyingOpportunities
™
™
™
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29 Sales Teams and the Business Value of Social Software | December 2008
Reference Materials
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© Copyright IBM Corporation 2008, 2009. All rights reserved.
30 Sales Teams and the Business Value of Social Software | December 2008
Does the team have the skills necessary to collaborate effectively?
(e.g. technical, communication, people, business, etc)
Skills
Do we have methods or tools to collaborate?Mechanism
Do I want to be approached?How do I approach this person?Access
Why will I cooperate with this person?
Am I motivated to work with this person?Motivation
How can I develop my reputation as a trusted partner?
Will this person help me?Benevolence (Trust)
How can I advertise my expertise?Is this person competent?Competence (Trust)
How can I become more known?How do I know who is out there?Awareness
ContributorsI am someone
SeekersI need someone
Critical Success Factors
Re
latio
nsh
ipF
act
ors
Cu
ltura
lF
act
ors
Co
llab
ora
tion
infr
ast
ruct
ure
More than just a “way to collaborate”
Can we assess the business value of these mechanisms?Measurement
Background
Critical Success Factors for Social Networking
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31 Sales Teams and the Business Value of Social Software | December 2008
Applying the key tenets of social media marketingTENET Application Marketing Goal Tactics Metrics
Monitor Listen to the market conversation to better understand your current position in the marketplace.
Gather market intelligence
Understand current market position
● Cobra (IBM)● Google News Alerts● Technorati
● Volume of conversation● Expansion of conversation● Usage of key tags and keywords
Identify and Engage
Identify and engage key influencers who are influencing the market conversation around your brand, product, or service.
Improve the market conversation around your product or service
● Keyword Search● Referral Traffic● Social networks● Blogrolls and blog search engines● Blogs
● External search referrals● Inbound links from social media referrals● Prioritized list of influencers and impact
Maximize Distribution
Maximize distribution and impact of key digital marketing assets
Drive awareness and evaluation of your product/service
● Embedding keywords● Effective tagging● Content push to key aggregators / syndicators● Viral (widgets, etc.)
● Online buzz● Total distributions of asset● Downloads● Registrations● Natural search rankings
Empower Advocacy
Build and foster brand loyalists and empower them to advocate on behalf of your brand.
Enable and empower your advocates to market on your behalf
● Wikis● Communities● Ideation solutions● Social networks● Support forums
● Number of participating members (unique visits, etc.)● Volume of posts/questions● Decrease in support calls● Decrease email inquiries
Discussion
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Sales Teams and the Business Value of Social Software | December 2008
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