Customer Feedback on Social Sites Not Used to Improve Products
Time and Resources Hamper Social Media Efforts
NEW YORK--(BUSINESS WIRE)--Marketers don't make changes to their products based on customer
feedback, even though monitoring customer feedback is among the most
common business uses of social media, according to nearly 70 percent of
marketers who say they have never made a change to their products or
marketing efforts based on consumer feedback on social media sites,
according to a Social Media Survey conducted on behalf of PRWeek and
MS&L by PRWeek and CA Walker. The first-ever PRWeek/MS&L Social Media
Survey polled 271 U.S. chief marketing officers, VP of marketing and
marketing directors about their use and perceptions of social media.
The top three business uses of social media are managing and monitoring
customer feedback (41%) and understanding the consumer and competitive
landscape (41%) topped the list, followed by reaching key influencers
(33%). But while they are monitoring that feedback, they aren?t using it
to make critical changes to their products or marketing efforts.
Lack of time and resources are the biggest barriers to successfully
incorporating social media into their marketing campaigns, while 43%
said lack of knowledge and expertise, and 39% said they are not
convinced of its value or ROI. While many remain skeptical of the
business value of social media, marketers expect it will play a greater
role in driving business results and capturing market share within the
next year or two.
?Customer feedback should be the front lines of product development,"
says Jim Tsokanos, MS&L?s president, North America. He adds, "Marketers
need to act on information culled from social sites and are missing out
on a key opportunity to improve and shape their products and programs
based on what their consumers need and want.?
Seventy-four percent say their companies are not equipped to handle
global social media campaigns. Sixty-six percent say the majority of
their social media activities are locally equipped.
The survey also found that almost 50 percent (49%) of senior marketing
executives say their companies have no specific approach regarding
employee use of social media to share messages on behalf of the
organization or its brands. Additionally, nearly 4 in 10 (39%) of
respondents said that their companies are not using any of the most
common social media tools in their marketing efforts. A similar
proportion, 39%, say none of their current marketing budget is dedicated
to social media programs.
?If brands do not have a social media presence, consumers will create
one for them. These results indicate that many companies are not
engaging in social media in ways that truly drive business results and
sustain relationships with customers,? Tsokanos said. ?Employees are the
best brand ambassadors a company can have. By not having a specific
approach regarding employee use of social media, companies miss out on
leveraging their largest and most knowledgeable fan base.?
The 2009 PRWeek/MS&L Social Media survey was conducted in partnership
with PRWeek by PRWeek and CA Walker. Survey results were
collected between June 25 and June 30, 2009. Results are not weighted.
Based on the sample size, the results are statistically tested at a
confidence level of 5.1%.
About MS&L
MS&L is a leading global communications firm and part of MS&L Worldwide,
a network of communications brands and consultancies with 54 offices in
North America, Latin America, EMEA and Asia, as well as an extensive
affiliate network. The agency specializes in using research, insights
and technology to create and execute powerful communications strategies
that are critical to client success. With a unique combination of
advice, advocacy and action, MS&L delivers measurable business results
for many of the world's largest companies and most successful brands.
MS&L Worldwide (mslworldwide.com)
is a member of the Publicis Groupe (Euronext Paris: FR0000130577), the
world?s fourth largest communications group, and a global leader in
digital and online advertising, media consulting, and healthcare
communications. With some 45,000 professionals in 104 countries, the
Groupe's activities cover advertising through three global advertising
networks: Leo Burnett, Publicis, Saatchi & Saatchi, as well as through
its two multi-hub networks Fallon Worldwide and 49%-owned Bartle Bogle
Hegarty; media agencies with two worldwide networks ZenithOptimedia and
Starcom MediaVest Group; and marketing services, including digital and
interactive communications through Digitas, relationship and direct
marketing, public and media relations, corporate and financial
communications, multicultural communications, and event communications.
The Groupe is also the world leader in healthcare communications. Web
site: www.publicisgroupe.com.