Third Idea Consulting

It has been a busy couple of weeks for followers of CRM, Social CRM, and all that goes along with it. I haven’t got my head around all of it yet, but I’ll provide a handy link-dump at the end of this post to give you some starting points. It’s good to know that even when there’s more happening than I can reasonably cover, I can always link to my friends.

I’ve just returned from BPT Partners‘ Social CRM Summit (search the hashtag #scrmsummit to see some of what went on) where I had a great time refreshing and expanding my skills. Paul Greenberg—friend, mentor, mensch—was at the helm as usual, and it never ceases to amaze me that he always has something new to say on the topic of social CRM.

I don’t want to say too much about the specifics, since this is professional development and I need to be able to sell the result of what I’ve learned instead of giving it away, but there was a lot of emphasis on usable business strategy. A few years ago, social media strategy for business amounted to, “Get involved now, because this is gonna be huge.” It was good advice in 2006, and it’s still good, but we’ve had a lot of time to refine our techniques since then. With the addition of social media monitoring and analytics, it’s possible to make a really solid business case for SCRM adoption.

Catching up with friends and meeting new ones is always a benefit at events like this. Brent Leary even showed up—the trip from his neck of the woods to ours wasn’t trivial, even if it was in the same state—to say hi and let me talk smack about his alleged free throw skills. There was an escalation, and something tells me we (along with Mike Boysen, Mitch Lieberman, and others) will be putting it on the line to shoot from the line in the near future for bragging rights. I don’t care how bad I do, since basketball is my anti-sport, but as long as I outscore Brent I’ll be happy.

A few days before heading down to Atlanta (actually Kennesaw, which is near Atlanta in the same way that Northampton is near London), RightNow Technologies held a launch event here in New York for RightNow CX. I provided a lot of my thoughts on the company’s new social platform in October, but I want to reiterate that this looks really good. While history may show that CRM got the most traction among sales professionals, today’s customer-driven social CRM has a natural starting point in customer service and support. RightNow, with its contact center pedigree, is definitely one to watch here They’ve got some great customers, including CBS Interactive, Match.com, MySpace, and Aircell (the gogoinflight people), that show off what a natural fit SCRM is when grown in contact center soil.

A few days prior to that, I took a call with Clare Dorrian of Sword Ciboodle to discuss the company’s direction and new offerings. Ciboodle is more of a traditional CRM vendor (which is fine), serving larger enterprises. It also has strength in the contact center—I love the look of Ciboodle One, its new unified agent desktop—and is further building out its work flow and Web self service capabilities to capitalize on that. I just got hold of some of Ciboodle’s customer case studies, so that should give me some fun reading over Memorial Day weekend. (That’s not as sarcastic as it sounds; I have genuine interest in some concrete examples of how the company is helping businesses.)

And now the link dump. Actually, it’s more of a shout-out to two of my friends, but since they write so much and so well, it can serve both purposes.

Denis Pombriant (previously mentioned here) has been extra-prolific with his blogging lately, with a lot of coverage from Sage Insights among other things. Wish I could’ve been there, but this is the next best thing.  See all of his May content here.

Ray Wang, now of Altimeter Group, got to see what was up at SAPPHIRE 2010, the big annual SAP conference that I would also have loved to attend. He’s also been banging out a lot of news coverage, especially where acquisitions are concerned (SAP and Sybase, IBM and Sterling Commerce, Lithium and ScoutLabs, Attensity and Biz360). See his blog here.

It’s important for us to stay current with the best thinking in the CRM industry, which is why I try to read the output of my friends and colleagues as much as possible. After falling behind a bit—there’s a lot out there that my blogroll doesn’t cover, must update—I ran across this excellent piece of opinionizing by Denis Pombriant, founder and principal analyst of Beagle Research Group.

Denis is without a doubt the world’s second smartest beagle. (Sorry man—I have a long-standing loyalty to Snoopy.) Clear thinking and the ability to look at the long-term effects of short-term actions make him a great source, and if I have nothing useful to say, I can always direct people to him. As usual, he’s spot on with his comments, so I’ll only add a few thoughts.

When Denis writes, “Too often in early markets customers buy market leading products regardless of their merits and vendors accommodate this need by bragging about market share,” he shows how eager so many of us are to follow the herd. Basing a business operations decision like CRM on market share is the grownup’s version of “all the cool kids are doing it.” It’s fair to include measurable market share—not necessarily leading, just on the charts—as one criterion of the buying decision, but it’s something that should be graded pass/fail. I might not even include it on my list unless there’s likely to be pushback from shareholders worried about where their money is going; there’s a place for small vendors, and not just for catering to customers with tight budgets.

Speaking of tight budgets, there’s this: “[T]ightness in the credit markets has caused a significant amount of demand destruction and that has changed the terms of selling.” I’ve been saying it for years, but it bears repeating that it’s much more important right now to hold onto existing customers than to find new ones. If you know what you need your CRM for—and you’d better—then you have a good head start on picking your vendor criteria. Allow yourself to be guided by what will provide the customer insight to keep your regulars on the balance sheet.

Kudos again to Denis for rocking the smarts.

It’s Tuesday, thus time for Monday’s bloggery. I pretty much failed to liveblog Oracle Open World’s keynote, but at least it wasn’t through my incompetence; spotty WiFi and simultaneous Twitter overloads and outages conspired to keep me mostly silent, and the rest of the day had me on the move too much to post for you.

So many things happened Monday at oracle open world, though to be honest I think the day needed to accelerate before it got really good. The morning keynote led by Charles Phillips and Safra Catz was fairly sedate, as it felt like there was no binding force between the many segments. To be fair, I missed the Sunday night keynote due to personal burnout, so it’s entirely possible that Larry Ellison–a man I’ve never heard speak in person–really did the setting of tone last night and Monday was the start of the “business” part of the conference. Esteban Kolsky pointed out that there was an undercurrent of unrest in the room (something you never want when there are more than 10,000 people), and his tweets really captured the flow of the morning. He had much beter WiFi connectivity than I did, and seemed less affected by the problems experienced by Twitter, so I recommend checking out @ekolsky to see all the stuff I wanted to liveblog. Props to Esteban.

There were two stand-out segments, though. One was with Anthony Lye, which (and whom) I’ll come back to in a moment. The other dealt with retail, particularly “fast fashion” as implemented by H&M.

I have no use for the store or its brand, but I must say that the way H&M is using Oracle technology to change the way the apparel industry works. Any apparel business can (and should) use CRM and ERP technologies to make their purchases more efficient, but that still uses the antique method of basing inventory decisions solely on the debut of fashion “seasons” that might be nine months ahead of actual time. Fast fashion is a step beyond. Presenter Duncan Angove and an associate whose name I missed explained how H&M uses it to spot current trends and new products and act on them every month, perhaps even sooner. Combined with dashboards linked to regional maps, this means H&M can put what items will be most likely to sell well in each individual store, change out stock efficiently, and entice customers with promotions as needed to keep sales coming. Smart business and satisfied customers.

Now to Anthony Lye, who gets the other allotment of props for Monday. His part of the keynote delivered what the entire session should have done: a real tactical and strategic sense of how enterprise apps (like CRM) fit into a company’s efforts to increase efficiency and profitability, but without ever forgetting that it’s all about the customers and what you can do to make them not just content to do business with you, but happy enough from doing so that they encourage others to do the same. He didn’t stop there, either; he led two sessions later in the day that drilled even deeper into modern customer engagement strategy, and both were spot-on. His first had him and his team demonstrating how the Siebel CRM family is helping Oracle customers find their way in social CRM via cross-channel, experience-driven business practices. Very sharp. Then he put two powerhouses–Paul Greenberg and Denis Pombriant–together to discuss social CRM and cloud computing. A session with either Denis or Paul is always worth the time; both of them plus Anthony is more than most can hope for. The conversation was lively, though Anthony’s questions did seem (understandably) to support Oracle’s mostly-on-premises model. Regardless, Anthony Lye is everything Oracle needs in a CRM exec: he’s sharp, relatable, works well with the rest of his team, knows the industry, never forgets the customer, and is a pleasure to speak with. This man needs a raise.

More to come after today’s happenings, and I’ll try to post my thoughts in a more timely maner. No promises though; I still owe you my impressions of a great social CRM dinner I attended with Tealeaf last week revealing its latest customer experience survey results. Great stuff, and I want to do it justice, but I feel funny about the time delay.