Pragmatic Advice on How to Get Started on Your Social Business Initiatives
Social business initiatives have gained acceptance as a key driver in business innovation. Since 2010, organizations have experimented and successfully deployed social business initiatives across a variety of business processes. In Constellation’s recent 2013 survey of 237 social business adopters, more than a majority (57.8 percent) of the market leaders and fast follower respondents had moved from experimentation to scaling social business initiatives to match demand. This trend signifies the successful growth of social business across a number of use cases.
With over 50 use cases identified in the survey, organizations now have defined entry points to begin social business initiatives. Consequently, many businesses can learn from the experience of market leaders and fast followers. Constellation has curated eight mega-use cases for social business that cover key business processes such as:
- Campaign to lead
- Lead to deal
- Incident to resolution
- Kick off to delivery
- Concept to production
- Sourcing to acceptance
- Hire to retire
- Invoice to payment
This report focuses on the lead to deal mega-use case, which includes both traditional business-to-business (B2B) and business-to-consumer (B2C) situations such as territory management, collaborative selling, partner selling, crowdsourced intelligence, matrix commerce, save the deal and steal the deal. These use cases should provide a starting point for mapping out the sales journey.
Constellation Research pioneered the complete set of front office and back office use cases for social business in 2010. This report provides insight into a key mega-area -- lead to deal use cases.