But one finding sticks out. Marketing owns social media management. That’s right. It’s our job.
In our survey, we asked, “In your company, is marketing the catalyst for social media being used by others in the company (product development, HR, etc.)?” 68% of our respondents said yes.
That means that if we are to keep up with our competitors, we’re going to have to take the lead on developing a strategy not only for marketing with social media, but for getting the rest of the organization involved as well.
Will social become a silo within marketing?
This has big implications for how we organize marketing. The biggest implication is that we cannot afford for social media to become a silo or an add-on to our existing marketing organizations. Marketing as a percentage of revenue for technology services companies is at an all-time low—less than 1%. The Great Recession certainly has played a role in that, but the percentage has been dropping more or less steadily since before the dotcom crash, when it averaged about 3%.
Back then, we could still run lush print ads, design fancy brochures and whitepapers, create monster trade show booths, and wine and dine CIOs at the Super Bowl. And to business people, that all represented value. Salespeople and businesspeople could see the talent and creativity in the ads and brochures, relationships being made at the events, and the business cards in the fishbowl.
Today, we do a lot less of that stuff. That’s not to say that these more traditional tactics don’t work anymore and should be abandoned. But we have to find ways to stretch the dollars we do invest in those tactics farther. And we have to use other tactics that, in and of themselves, build trust and relationships with buyers.
That’s where social media comes in. So much of what I see out there today treats social media as a standalone. But the real successes I’m hearing about in B2B use social media to support and extend more traditional tactics. Such as using online communities and social media to build up interest and discussion about our traditional live events both up to, during, and after those events.
Reorganize in an integrated way
So the question for marketing becomes, how do we integrate social media? That was the number one goal of respondents in our survey for the coming year.
Social media consultant Jeremiah Owyang has a good post about different ways that he sees companies organizing for social media that you should check out. It will jog your thinking. But the question I have after reading his post is how does this fit with our existing models of marketing?
As I told Jeremiah in a comment on his post, I don’t doubt the rigor of his (as always) insightful thinking. But I wonder, are companies really reorganizing around social—and should they?
From our research we see that marketing tends to own social media for the rest of the organization. So we’re really looking at how much the marketing function is going to change as a result of social. Today, we see most marketing organizations divided up between corporate and field marketing (central and local) and basically divided up between marcom and everything else. So the real question is how does social impact the ways that we organize marketing today and how does it integrate with the things we already do?
I don’t think we can afford to create a social media silo inside the larger marketing organization. Do you? How are you fitting social into your organizational models?