Senior marketing execs see their companies moving to social media in 2010

MENG has just released the results of its third annual Marketing Trends study (which you can view here), and the results showed that senior-level marketers and execs are getting very serious about social media.

First, some background on MENG and the respondents to this study. All MENG members must have attained a level of VP or higher prior to joining, and must have a salary of at least $160K. So these findings are coming from people that are in a position to shape the marketing initiatives in their companies.

BTW complete disclosure, I was recently selected to MENG's Social Media Council of Advisors, along with friends and smarties Drew McClellan, Beth Harte, Amber Naslund, Paul Dunay and Joe Pulizzi.

Now, for the key social media findings, which come from roughly 1,800 MENG members.

I think this study also shows that marketers are becoming a bit tired of the buzz around social media. Mark left a comment in the previous post about how we 'pundits' told companies that they had to start using social media. He's right, and they did, and now they realize they aren't sure how to evaluate their efforts. So I think that's where a lot of the frustration is coming from, but as they become more adept at social media and how the tools function, that frustration should decrease.

If you want to see the results (PowerPoint) for yourself, you can view them here.


posted by Mack Collier @ 8:19 AM,

7 Comments:

At 11:15 AM, Anonymous Lisa Petrilli said...

Mack,

Thank you for sharing the study with your readers, and for doing so in such a thorough way. I especially appreciate the last bullet point, where you found interesting the criteria used by MENG members to determine who to hire for their social media initiatives.

I added that question into the study after having voraciously read blog posts like David Armano’s on “snake oil” and Olivier Blanchard’s on social media certification and witnessing the concern being expressed in the social media community that companies/executives were being sold a bill of goods. I wondered whether that was actually happening to MENG members.

Fortunately, the study showed that MENG executives use the same criteria for choosing social media advisors as they would for choosing business advisors – proof that you are smart, experienced, that you know what you’re doing, and evidence that you understand and will be able to solve their particular problem. I hope your readers find that to be encouraging news.

@LisaPetrilli
MENG Program Director

 
At 11:44 AM, Anonymous Suzanne Vara said...

Mack

Thanks for sharing this study as it is interesting to see how companies are taking steps to engage in social media. That is great news for the entire SM community.

Companies taking their efforts internally is a large percentage. That is good and bad as there are so many people jumping on the bandwagon after taking a few online classes and are saying that they can do social media. The pool of candidates is growing and if a company is not 100% sure as to what they are looking to achieve and have a set plan, their efforts can go awry.

I think that when a new style of marketing/advertising hits the marketplace we will see people flock to it as they see dollars. Lisa brings up a great point with Armano and Blanchard as there is so much uncertainty about who can do SM and who are scrubs. As technology changes and new people jump on board into the space, we will be able to weed out the bad and work with companies to get them to understand and effectively make SM work for them.

Great study, thanks again for sharing.

 
At 2:39 AM, Anonymous Jamie Allsop said...

This is a good study and it is interesting to see what steps and efforts companies are taking to engage social media. Thanks for sharing.

 
At 2:17 PM, Blogger Mack Collier said...

Lisa thanks for commenting, and that's a great example of staying up to date on the latest trends and topics, and adjusting the survey accordingly.

Another reason why I am so proud to be associated with such a group of smart people as you have at MENG ;)

 
At 12:53 PM, Blogger patmcgraw said...

Mack,

First, interesting stuff - thanks for sharing.

Second, I am having a little trouble swallowing the "frustration" from people with VP titles and comp plans that start at $160K and go up - especially when the frustration is their own decision to follow the recommendations of social media 'pundits'.

They are adults. They are supposed to lead, have authority and responsibility - so grow up and admit you screwed up.

And I am amazed whenever someone achieves a VP title and a comp plan at that level that doesn't know how to establish measurable goals and create tactics that include processes for capturing data necessary to determine performance.

When I was a kid and I used the same argument, my Mom would ask me "If everyone were to jump off the 112th Street bridge, would you?"

I suspect that any VP that "got talked into social media and didn't establish measurable goals or processes to determine performance" would have been one of the first off the 112th Street bridge.

 
At 4:03 PM, Blogger Melissa S. Barker said...

Good news for those graduating this year and look for work in social media marketing. Thank you for sharing.

 
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