When
considering companies that have built a successful social media presence, several
familiar consumer brands come to mind: Red Bull, Airbnb, Nike, Coca-Cola, GoPro….
But
100+ year-old manufacturing giant General
Electric? There’s a company that doesn’t scream “social.” Yet remarkably, GE
has taken social media to new heights by publishing high quality content on multiple
channels. And, the plot thickens. In mid 2016, GE sold its consumer appliance
division (Hudspeth, 2016). So now it concentrates its marketing resources fully
on industrial manufacturing, not the most dazzling subject matter. Or is it?
Household
products like washing machines, refrigerators, ranges, etc. are out of the
picture. Taking center stage are power plants, turbines, aviation engines, locomotives,
healthcare equipment, generators, and other products/systems in the company’s
vast business-to-business portfolio.
Yes,
GE’s product line is a bit atypical for social media.
What social media platforms does
the mega B2B corporation use?
General Electric is currently most active on:
General Electric is currently most active on:
Facebook – 1.7 million followers
LinkedIn – 1.3 million followers
Twitter – 428,000 followers
Instagram – 256,000 followers
YouTube – 97,000 subscribers
Pinterest – 27,000 followers
Periscope – 6,500
followers
An Example. In August, a General
Electric team entered an active Nicaraguan volcano, live on social media. The team
proceeded to install sensors to monitor volcanic activity. GE set up an
early-warning system for the surrounding area. Videos of the descent into the
volcano were stitched together via Instagram Stories and promoted on Snapchat
(Heine, 2016).
What might be behind GE’s
choices of channels and activity?
With 2015 sales topping $117 billion in 2015, an increase of 21% over the prior year, GE dominates industrial manufacturing worldwide (Hudspeth, 2016).
With 2015 sales topping $117 billion in 2015, an increase of 21% over the prior year, GE dominates industrial manufacturing worldwide (Hudspeth, 2016).
(Image: Hoovers)
It
makes sense that a company at the top of its game would want to lead in
marketing, too. GE’s mix of social channels enable it to reach businesses and
consumers with a diverse assortment of copy, images, videos, music, sounds,
animations, etc. A lagging ROI on a few other social media platforms – Google+,
Vine, Tapestry – may have caused GE to leave them behind.
Oh, the humanity. Web analytics authority,
Avinash Kaushik’s, notes that B2B companies should resist seeing business
audiences as monolithic, robotic decision makers. “As a B2B company, you are still
trying to sell to other human beings” (Kaushik, 2010). GE actually does that
pretty well. An enormous wind turbine is more than a spinning abstraction on
the horizon; it is a sustainable, life-giving force in all its curving,
glittering power.
Like
any good conversationalist, GE wants to engage people meaningfully, and also be
a good listener. GE’s Chief Marketing Officer, Beth Comstock, echoes Kaushik’s argument,
saying, “Since when does B2B have to be boring-to-boring? Business people are
people, too.” Ms. Comstock says that the company uses what she calls
“micro-targeting” to share the wonders of science with customers (Neisser,
2015).
Conversing with Content. General Electric may
gravitate towards a traditional “Content is King” model, reliably producing
gorgeous, stimulating content. “Without content, there is not a whole lot to
talk about,” proclaims loyalty-program marketer Michael Greenberg (2009). But,
as Catherine Novak (2010) warns, “Content without conversation is just
broadcasting, or just advertising.” GE’s content contains plenty of wows with
the intention they be shared, but it walks the edge.
This
tweet is impressive. GE’s advanced technology enables an airplane engine to be
built from 11 printed parts, instead of usual 845. The tweet points to newsletter
content.
You talking to me? General Electric’s social
media posts target countless audience segments: governments, businesses,
non-profit buyers; stockholders; current and future employees; research
universities and their students; merger partners; strategic collaborators, etc.
Seeing that GE makes more than half of its revenue by reaching across markets
in 100 countries, being a good corporate citizen is important, too. The
effective use of social media may help humanize GE in communities around the
world and bolster good will (Hudspeth, 2016).
At
a minimum, General Electric must maintain its authoritative presence on the
same social channels as its primary competitor. Siemens, Europe’s largest
industrial manufacturer, is on Facebook, Twitter and YouTube. If anything, Siemens has a long way to go to catch GE
on social media. Since Siemens’s content sticks to familiar conventions, GE
stands out by comparison
Here’s
a humanize-the-brand video Siemens published on YouTube.
And
this is one of my favorite videos on GE’s YouTube account.
Affinities. I may have a special
fondness for the GE video because several of the sounds were recorded at a GE
site in Niskayuna/Schenectady, NY where I live. (Schenectady is the home of
Thomas Edison, founder of General Electric.) Here are the audio files on GE’s SoundCloud account, if you are curious. And another video, Over
2 Million Containers, 2,000 Routes, is a memorable homage to GE’s transport equipment and
logistics systems. This production is so strange, beautiful and assured, it
veers into the realm of art.
If
the target audience for these two GE videos is young adult males, the content
may perform double duty: elevating GE as an innovative maker of cool things,
and also acting as a talent-recruitment tool. Judging from a couple of the
comments on the 2-Million video, it may have resonated as intended.
“…Amazing,
critical thinking and imaginative ideas. GE=awesome.“
“That's
what I want to do when I grow up”
A
statement submitted by marketers with GE’s entry to the annual Shorty Awards
competition contains clues about their social media approach (the bolds are
mine).
“For
GE, social media success isn’t measured in sales, but rather in awareness and affinity. As GE works to gain visibility
as a connected and competitive technology
leader with advanced research
capabilities, the brand turns to both established and emerging social media
channels to deliver its message.”
Here
are a few other key points interpreted from the Shorty Awards statement (Shorty
Awards, 2014).
Goal: Position GE as a “thought
leader[s] in advanced technology” emphasizing humanity and relevance to
consumers.
Rationale: A technology leader must
leverage leading social technologies.
Marketing Strategy: Champion science and celebrate innovations.
Marketing Strategy: Champion science and celebrate innovations.
Tactic: Distribute engaging,
visually striking, sharable narratives on social media.
By
embracing the challenge of presenting inaccessible industrial products in bold,
captivating ways, GE is engineering something different: its own social-media
genre.
References
Greenberg, M. (2009, October
20). Content is king of social marketing. MultichannelMerchant.com.
Retrieved April 12, 2012 from http://multichannelmerchant.com/social-media/1020-content-social-marketing/
Heine, C. (2016, August 3). General Electric is using
Instagram Stories to promote its Snapchat series about volcanoes. Adweek.
Retrieved from http://www.adweek.com/news/technology/general-electric-using-instagram-stories-promote-its-snapchat-series-about-volcanoes-172791
Hudspeth, C. General Electric Company: Financial Summary.
Hoovers. Retrieved from
http://subscriber.hoovers.com.www.libproxy.wvu.edu/H/company360/financialSummary.html?companyId=10634000000000&newsCompanyDuns=001367960
Kaushik, A. (2010). Web analytics 2.0: The art of online
accountability & science of customer centricity. Indianapolis, IN: Wiley.
Neisser, D.
(2015, April 2). CMO of the Week: Beth Comstock, General Electric and Spinning
Curiosity into B2B Marketing Gold. Social Media Today. Retrieved from http://www.socialmediatoday.com/special-columns/2015-04-02/cmo-week-beth-comstock-general-electric-and-spinning-curiosity-b2b
Novak, C. (2010, July 27). Why conversation, not content, is king.
SocialMediaToday.com. Retrieved April 12, 2012 from http://socialmediatoday.com/wordspring/152636/why-conversation-not-content-king
Shorty Awards. (2014). The 6th Annual Shorty Awards: GE
on social. Retrieved from http://shortyawards.com/6th/ge-on-social#/
You give some really great examples.
ReplyDeleteHere is a link from Kissmetrics digital marketing strategies that you might find interesting: https://blog.kissmetrics.com/learn-from-ge-digital-marketing/
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