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Companies Continue to Fund Social Media Initiatives (Even Though Many Really Don't Get It)Shaky economy and tight budgets notwithstanding, companies still recognize the potential of social media to help their businesses. Computerworld's Mitch Betts reports on a recent Deloitte LLP survey that shows an overwhelming percentage of respondents intend to "maintain or increase their investments in social media tools and online communities."
This despite the rather primitive efforts to measure the ROI of social media. As Betts reports: Businesses use metrics such as the number of active users and how many people post or comment to gauge the success of their social networking efforts. And what are the top goals of corporate social media initiatives? Deloitte's 2009 Tribalization of Business Survey reports: Increasing word of mouth -- 38% There's a potential problem inherent in those numbers. As Deloitte concludes: In the majority of companies surveyed, marketing continues to be the primary driver of online communities, resulting in a significant gap between community goals and the organizations' capability to fully leverage these communities on an enterprise wide basis. In other words, most people who are members of online communities don't really want to be the targets of marketing campaigns. Yet that's what many companies see as the primary value and purpose of social media. That's a real disconnect. You can read more details of the survey here. Email This Post |
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