Monthly Archive: April 2009

HSBC's Business Network

April 30, 2009

Corporate Social Media Case Study: HSBC

HSBC uses a forum called the HSBC Business Network to connect and converse with HSBC customers and non-customers alike.

Straight from the landing page of the Network:

The HSBC Business Network is for businesses (including non-HSBC customers) and will allow you to gain valuable advice and information from inspiring entrepreneurs, business experts and fellow businesses.

  • View Videos and discover advice and best practice on key business issues
  • Check the Calendar for business networking events, seminars and exhibitions
  • Read what other members have to say in their Blogs and in the Forums

Register today and you will also be able to ask questions, share your views and raise the profile of your business.

Both the blogs and forums have an active community of contributors and participants posting discussion topics, and both are accessible to the public.

Learn More.

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4:30 – Andy introduces Coca-Cola’s Adam Brown, Director of Digital Communications.

4:30 – Adam: Three years ago, I would have given a presentation on how our homepage isn’t Coke.com, it’s Google. While that’s still very much true, I would change the quote to say it’s now also Twitter, YouTube, Facebook, and MySpace.

4:31 – Coke currently has 3.4 million fans on Facebook.

4:33 – Coke’s Facebook page was created by a couple of fans. When Facebook approached Coke to hand control of the group to the company, Coke decided to officially take the group, but to hand control back to the original creators.

4:34 – Adam: [Social media] is a huge opportunity, but also huge challenge. How do we wrangle this?

4:36 – Coke uses colleagues around the world to monitor what’s being said in various languages and cultures, but is still looking to improve in this area.

4:38 – Coke has recently created a social media certification program. Anyone who participates on behalf of the company takes this course that stresses disclosure and the nature of the evergreen web.

4:39 – Coke is seeing a lot of activity in video. Adam sees a lot of opportunities here not only for Coke, but also for other organizations.

4:40 – Coke created a special video for Facebook fans of Fanta to introduce their new product.

4:45 – What’s next for Coke: New corporate site; new blog initiatives; more music outreach; more conversations; more “purposeful entertainment.”

4:45 – Adam: This is new for a lot of us. I think we’re all learning a lot, and learning a lot from each other.

4:45 – Q&A

Q: How much do you monitor the conversations about Pepsi and other competitors?

A: I think the cola wars are back, and I love it. I think our formidable competitors are doing some great things, and we have to watch them. The consumer industry is really ripe here because you touch so many people, so many times per day.

Q: How do you demonstrate ROI on what you’re doing?

A: It depends on the tool. Facebook is nuts, we’re adding 25,000 people a day. Right now, there’s no way to quantify that. With that is a huge opportunity, but also a huge risk. If we spam them, or do something inappropriate… and certainly, we hear that “Oh my gosh, we have 3.5 million people we can send this to” a lot. We have to resist the temptation.

***UPDATE: Apologies, but battery issues prevented posting much of the great content from this presentation (incluidng several fantastic questions). But no worries, we’ll post the full videos and slides of all of these presentations soon.

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3:50 – Andy introduces Ed Nicholson — Director of Community Relations at Tyson Foods

3:51 – Ed: I thought I had the best job in the world until I met Ferg Devins [of Molson] – he gets to give away beer.

3:51 – Ed: This [Hunger Relief program] is more than a campaign for us. We’ve been doing this for more than eight years. And the more we give, the more we get back.

3:52 – Tyson found there was a community already out there focused on ending hunger. And because many of them weren’t connected online, Tyson saw an opportunity to help make that happen.

3:54 – Ed: When we got out there, we found some great stories of people working selflessly on this issue. There are people who devote their entire lives to this, so we created hungerrelief.tyson.com to help share these stories.

3:55 – Tyson live-blogged RAGBRAI — a large bike ride across Iowa — for Hunger Relief.

3:56 – Tyson utilizes guest bloggers, including food bank directors and social media for social good influencers.

3:57 – Tyson uses commonly available free tools like Twitter, Flickr, and YouTube

3:57 – Ed Nicholson identifies himself on Tyson’s Hunger Relief Twitter account.

3:58 – Tyson partnered with MediaSauce to donate 35 lbs. of food for anyone who got involved the Hunger Pledge program, resulting in nearly 4,000 participants and four truckloads of food for those in need.

4:01 – Ed: Relationships and reputations transcend and survive technology changes. There’s continuity in the community.

4:04 – Ed: I’m of the opinion that agencies can’t develop communities for us — we have to be part of that process. If your agency people aren’t participating as thought leaders in this space, my question is: Should they be advising you? Bear in mind, [creating community] takes time. We can throw sponsorship dollars, but that doesn’t develop community.

4:05 – Q&A

Q: You talked about having 104,000 employees and trying to reach 2% of them with your cause, how do you see this rolling out across the company?

A: There are a number of programs we’re doing that people are getting involved in, including the RAGBRAI event across Iowa. Some of the engagement is passive. Employees see what the company has done and are proud of it.

Q: Do you educate your employees about social media, do you have rules of engagement?

A: We’re getting to that point. One of the challenges we face is the multitude of brands we have. What we’re trying to sort through now is, how do we manage that? Because in traditional media space, you had departments who handled certain things. One of the things we’re doing is creating a set of policies and guidelines for our people, not only for what is right, but also for what is legal. Personally, I don’t put any content online that is material related to shareholder value.

Q: You gave examples of organizations you worked with across the Iowa, Austin, and Boston — did you purposely approach these programs with a local focus?

A: Yes, we purposely worked with local beneficiaries. Obviously, Austin and Boston are big social media communities, so it wasn’t too hard to decide to go there. But what we’ve found is even though we started with a local focus, it broadened out. People were supportive of what we were doing, even though we weren’t in their community.

Q: How do you manage the personal vs. business role in social media?

A: The Twitter account is something the company owns. I was tweeting a lot about what we were doing at Tyson, and there was a huge interest. I realized we probably needed to stake this territory for our brand. When and if I leave the company, I’m quite confident somebody else will be tweeting from this account. But you see it done successfully both ways.

Q: You’re doing a lot of external stuff; what’s the company doing internally to ensure all these businesses within Tyson are collaborating in the right way?

A: We have a social media working group that would involve anyone who has a stake in the matter — legal, IT, etc. We’re hopeful this will help us move along a path of continuity. We do a lot of internal communication about our work against hunger, but we’re like a lot of companies in that we’re just starting to look at how we use tools internally.

Q: What do you look for in an ideal partnership with an agency or a partner charity?

A: Obviously, food is a good fit for us. I think the willingness to work collaboratively is important. Especially if you’re talking about using social media tools, look at what they’re doing in that space. What we try to do is take the resources that we have and leverage them.

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2:10 – Andy introduces Molly Schonthal — head of social media communications for Nokia’s North American team.

2:10 – Molly: Nokia believes in a world where everybody can be connected. It’s easy to participate, but I think it’s harder to participate without being defensive.

2:11 – Molly references Tara Hunt’s book, The Whuffie Factor.

2:14 – Molly: What is relevant to your audience will change over time.

2:15 – Molly: Social media is hard to place within an organization. It involves sales, marketing, and PR. It requires cross-collaboration throughout the enterprise.

2:17 – Nokia’s BlogHub: Aggregates all internal blog content in one place and gives employees access to what people inside the company are talking about.

2:18 – Nokia’s internal VideoHub: Works much like their BlogHub.

2:19 – Nokia uses its external blog to highlight issues that don’t get a lot of publicity, or to clarify issues that are being highly publicized.

2:21 – Nokia set up a stand at SXSW called “The Doctor is In” — helped to reach a Twitter audience of about 300,000.

2:22 – Nokia found a lot of bloggers and influencers were interested in how they test their phones. Instead of creating a topic, they found one people were already interested in. They invited bloggers and influencers to their test centers, resulting in a lot of publicity and conversation.

2:24 – Nokia’s view on social media: 1. Fosters integration; 2. Enables flexible goals and a strategy that can evolve; 3. Promotes consistent monitoring and dialogue; 4. Increases productivity and knowledge sharing; 5. Increases commitment to Nokia goals; 6. Increases customer satisfaction.

2:25 – Q&A

Q: What types of measurement do you use? Do they ultimately come back down to sales?

A: It’s very hard to measure conversations back to sales. We do some monitoring to watch when and how the conversation comes up. You can look at the conversations about you on tools like Twitter, and measure the influence of the people talking about you there.

Q: If there wasn’t the hard link to clicks-to-sales, how did you convince the company it was OK?

A: I believe I’m lucky to work at company that understands the value of social media. Also, we’re still measuring and monitoring the success we’re having.

Q: What was the hardest thing that you’ve done?

A: One of the hardest things is to listen well, all of the time. A lot of what I’m doing can be overwhelming and all consuming. It’s hard to listen effectively, constantly, and I always have to challenge myself to be good at it. Like Nestor [of Microsoft] said, the expectation is to hear all of the community’s concerns and see that they’re resolved.

Q: The social web is full of a lot of bloggers out there, where people can say what they want to say. When you bring people in to your company, is there any concern for what they say, because as a big company, you can be responsible?

A: While we have very honest conversations, we don’t disclose private things or things that haven’t been released. Of course, the concern is there that the more casual I get with a blogger, it could somehow come back at me. I try to be smart about it — it’s the best that I can offer, and I work with folks in an honest way. A lot of people recognize that there are certain things I can’t say or disclose. I haven’t been hindered by fear yet.

Q: How do you handle comments on all of your property? On YouTube, on Twitter, etc.?

A: Just a few weeks ago, I got a call from someone saying “Did you see what he said?” I asked, “Is it true?” And he said, “Well yeah, but that’s not what we wanted.” The reason we engage is for people to be open and honest, and we can’t pick and choose what we want. We will engage if we identify something inaccurate, and we’ll do our best to clarify it. If someone says something out there that is real, I feel everyone is entitled to express their opinion.

Q: What is the difference between your social media release and a press release?

A: A press release is usually a few paragraphs long, while a social media release usually comes along with a video of a demo or of someone talking about the news. We’ll usually include a bunch of pictures and videos that people can download along with the story, as well as text that is easier to incorporate into a blog as opposed to the language that is generally associated with a traditional press release.

Q: Do you see any value in targeting more blogs but with smaller reach?

A: Absolutely. I don’t think one approach is it. We do have other events with blogs that have smaller reach or are more specialized. I think both can be effective.

Q: Can you talk more about what you’re doing with internal tools?

A: It’s very easy to start blogs and forums inside a company, but to get them used and understood internally is so much harder. The way that we’ve been doing it is with sort of high-touch, social media 101 sessions. We’ve also put outĀ  guidelines and policies — not because we need to control things — but because when people start out with theseĀ  things, they like to know what is recommended to do and what isn’t.

Q: Follow up to the question on comments: What strategy does your team employ on commenting on blogs you see talking about Nokia?

A: When we see something, the first decision is: Is this something we need to respond to? This is based on the blog itself: Is this widely read? The second decision is: Disclosure. Anytime we do comment on something, we identify ourselves as being from Nokia. We also ask that if it’s something highly inflammatory or speculative in nature, does commenting on it sort of validate it in some way? If so, then no, we probably won’t comment.

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