Silicon Valley Watcher - Former FT journalist Tom Foremski reporting from the intersection of technology and media

New Study: Social Media Has Changed The Business Buying Process... But How?

Posted by Guest Writer - September 8, 2010

Guest post by Don Bulmer and Vanessa DiMauro

We are pleased to announce the launch of the 2nd annual New Symbiosis of Professional Networks research study.

Vanessa DiMauro, CEO, Leader Networks and I are leading this research as part of our 2010 Fellowship with The Society for New Communication Research (SNCR).

This annual study, is designed to explore how social media is impacting business by better understanding how business leaders use social media and social networks to support and inform their decisions.

When we understand how social media changes professional decision-making, organizations can be more efficient, timely and supportive in how they interact with customers- ultimately leading to better engagement and decision-making in business.

Participants in this year's study will receive a free copy of the results. A link to the survey and last year's findings can be found on the research website.

About the Research

The New Symbiosis of Professional Networks is an annual research study designed to benchmark the impact of social media on enterprise decision-making.

The social nature of decision-making has increased significantly, connecting generations of professionals to each other--changing the dynamics of customer relationship management, marketing, and communications - forever.

In the first study, we focused on professionals' use of social media--and it all comes back to the strength of the relationship. Human relationships and peer-to-peer decision-making are inherently interrelated.

Professional networks facilitate vast interactions, connections, and networks of people by enabling collaboration anywhere and at any time.

Communities of practice, professional networks, social media, email, and SMS are among the tools that enable multi-channel access for individuals (employees, customers, partners, and suppliers).

In this second study (in the series) we will further examine the role of social media on decision-making among enterprise users and explore the dynamics of trust as well as the value of engagement and collaboration to support decision making and innovation across company operations for internal and external purposes.

The study explores the following questions:

The methodology for this study will be a two-pronged approach. A survey will be issued to gather quantitative data about professionals perceptions and experiences with social media in support of their decision-making. Following the survey, select interviews will be conducted using a semi-structured interview guide among a set of survey respondents who are willing to participate in the second phase of the study. The final study report will blend the survey research findings and the interview results to offer a well-rounded examination of the social media for decision-making process and opportunities.


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