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Tuesday, 26 August 2014

What’s in a Blog?

Professional What?

When I think of Professional Services organisations, the ‘Big Four’ spring to mind automatically – KPMG, PwC, EY and Deloitte.  These are multinational corporate firms whose roots are based in accountancy and auditing.


So how do Professional Services firms rate with their digital footprint compared to the other industry sectors in Australia? The chart below from the ABS shows that they have a 25% social media presence.

(ABS, 2014)

These results are surprising and I would have expected this to be higher in this day and age of Web 2.0.  But looking across the chart as a whole, I believe that Australian firms have low maturity levels and are lagging behind their American counterparts when it comes to engaging online.

The ABS give reasons as to why there is not such a high presence which range from ‘lack of customer demand’, ‘maintenance costs’, ’lack of technical expertise’ and ‘no need for a web presence’.  McKinsey Global Institute 2012 report discuss the low adoption in the Professional Services sector and the reasons that they give are “cultural issues, resistance by management and lack of enthusiasm by staff, as they can see no personal gain”.

Blogging Aussie Style

I have decided to select an Australian Professional Services company to analyse their corporate use of blogs. The company selected is SMS Management & Technology who describe themselves are providing services for Strategy, Design, Deliver, Enable and Operate and solutions for Business Innovation, Customer, Digital Agility, Digital Transformation, Efficiency, Managed Services, Mobility and Solutions by Industry.  They describe a wide range of success stories across various industry sectors.

So how efficaciously is SMS with their social media presence? Doing a quick scan, it shows that they are active with Facebook, Twitter, Flickr, LinkedIn, YouTube and Vimeo and of course their Blog.

Blogs are part of the social media technologies, one of the forerunners of the technology but they have never lost its appeal even to a 140 character tweet. SMS have described their SMS Blog content as “Leadership on a number of issues, the latest company news, information on emerging technologies, our solutions and services as well as general light-hearted discussion and career highlights from SMSers, current events and more.”

Why have a Corporate Blog?

So why do organisations use Blogs? Blogs are a platform which gives companies the opportunity to market and advertise themselves through another medium.  It provides another communication channel for the direct sharing, dissemination of information which is accessible worldwide.  It helps to personalising and promoting their company, it gives them a ‘space’ to do opinion pieces and to get immediate feedback.  It can help with brand awareness and building virtual rapport with customers and provided another avenue for customer service. It is a way to communication and collaboration with their internal employees and their external customers.  It has become part of companies’ communication and management strategies.

Some of the disadvantages of Blogs are the investment of time and resources by the company to create, maintained and monitored the blog traffic.  Reputation management also needs to be allowed for.  I do not think that companies are mining the rich data that is available from blogs.  It is not enough just to count ‘clicks’ and ‘likes’ on Blogs, sentiment analysis is needed which can be used to identify and extract subjective information. 

How are SMS using Blogs to bring value to their organisation?  McKinsey Global Institute 2012 report breaks down the 10 value levers across the organisational functions:

10 Value Levers sourced from McKinsey Global Institute 2012

From the levers, the ones I see SMS utilising their Blogs for are :
  • Marketing and sales
    • use social technologies for marketing communication/interaction
    • generate and foster sales leads
  • Business Support
    • Improve collaboration and communication
  • Enterprise wide levers
    • Use social technology to improve intra- or inter-organisations collaboration and communication
 They are not using their Blog for social commerce but it could foster and generate sales leads by existing and being accessible.  There are not much reply comments on any of their blogs so it appears if they are not generating social traffic so they cannot be deriving any customer insights from these.

I do not have a view of how they use blogs internally to the organisations but the replies to the blogs are mainly from internal employees.

Blog Evaluation

Can a Blog be evaluated? Is there a monetary or social value associated with it? How can this be measured? Some of the criteria that can be used are:

Ø  Content

Some of SMS’s Blog categories sparked my interest such as Digital Agility and The Social Enterprise with some of the blog content being -
·         Successful Bloggers Secrets 
The Blogs content is relevant for not just these two area of interest I selected but for the other categories that are also available.

Ø  Credible

Is the information provided credible? Are the blogs trustworthy, authoritative and accurate? Are they biased? Corporate blog are not unbiased as this is their sole purpose to promote the company, its brand, products and services. I’m sure that the blogs are reviewed internally before being release to the public to ensure corporate correctness. They appear to have dedicated bloggers who are identified by name and links to their biographies which enforces their credibility.

Ø  Valuable

How valuable is the content? Who is the audience and is it relevant to them.  For their customers who are pursuing a digital strategy or embarking on social media technologies, the blogs are highly relevant.

Ø  Findable

Can the content be found easily? Does it give the user a good experience?  The Blog page has got good information architecture design which is simply structured with the Blogs categorised for findability which heightens the user experience.  The Blogs are searchable and content is retrievable.

Ø  Currency

Are the blogs up to date and managed?  There are regular Blogs and these are updated which gives the user confidence in the Blogs.  More frequent Blogs might gain them more social traffic.

Ø  Connectedness

Are the blogs creating social network traffic? Are people connecting with the author and therefore the company brand? The Blogs are not creating external traffic and there is only a minimum amount from internal employees, so they are not achieving good connectedness and need to improve on this.

Walking the Talk

Here is a company whose business is to provide services to other companies to create their digital and social enterprise strategies.  Do they practice what they preach?  From my quick analysis on SMS I believe that they are walking the talk.



References:

McKinsey (2013). The social economy: Unlocking value and productivity through social technologies

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