Dynamic Process Analysis
A dynamic process is a flexible daily process in a workplace, meaning it can be an activity that’s something different every day depending on the circumstances to help with strategic decisions. The dynamic process we will focus on is marketing, specifically with social media like TikTok.
Social capital refers to the investment
in social relationships with the expectation of return in the marketplace (Kroenke
& Boyle, 2020). To estimate the social capital of Lululemon, we can use a
formula based on three key factors:
1. Number of Relationships: Total connections or
followers within the network. For Lululemon, their TikTok account has 1.1M
followers.
2. Relationship strength: The depth and quality
of the connections. On their TikTok account lululemon has 11.4M likes, which
indicates strong engagement.
3. Entity Resources: These are the resources of the people in the network like influencers, athletes, and brand ambassadors who promote Lululemon. Their platforms and audience reach increase the brand’s visibility and credibility. Several well-known figures are ambassadors for Lululemon, including PGA golfers Max Homa and Min Woo Lee and tennis players Leylah Fernandez and Frances Tiafoe. Lululemon has also partnered with Formula 1 driver Lewis Hamilton.
Formula:
Social
Capital = Number of relationships * Relationship Strength * Entity Resources
ENTERPRISE SOCIAL NETWORK
An Enterprise Social Network is a
software tool designed to use social media features that facilitate cooperative
work within an organization. ESNs are tailored for internal organizational use.
The primary goals of an ESN are to improve communication, collaboration,
knowledge sharing, and problem solving (Kroenke & Boyle, 2020).
Enterprise 2.0 is the use of social
software platforms within an organization to improve collaboration and
communication. According to Kroenke & Boyle (2020), SLATES refers to:
1. Search: Efficiently find
content within the company.
2. Links: Access resources
via links.
3. Authoring: Create
content.
4. Tags: Use flexible
tagging to categorize content.
5. Extensions: Offer
content based on usage patterns
6. Signals: Push relevant
content to users via alerts.
Lululemon uses tools like Zipline, which is a communication app where employees and managers can post updates and ask questions. Additionally, Lululemon has an app called LululemonU, which allows employees to engage in trainings.
Lululemon
does have a social media policy for employees, they cannot publicly speak on
the behalf of the company to avoid sharing confidential information on social
media. The Lululemon social media team has to present themselves accordingly to
represent the company in a positive view. The team can reply to comments on
social media posts but with full honesty, professionalism and respect to avoid any
confusion. The employees can’t use profanity or any type of hate speech towards
anyone with posting. Lastly, Lululemon employees are not able to post any
negative reviews about the brand or opposing athletic apparel brands like Nike.
Lululemon
has their social media team constantly looking out for any type of comments or bad
reviews on social media to manage their content and brand. When a customer posts
a bad review on a Lululemon product online, they do have a crisis management
plan they follow. Their crisis management plan involves taking a break from
posting on all social media platforms, sending out an email to all employees to
make them aware of the feedback, creating a post that addresses the concern
while assuring followers that they’re working to resolve the issue, and they
release a statement on how they plan on fixing the problem. Lululemon is known
for “making light of a bad situation”, when they receive negative reviews and
resolve them, they will make jokes about it in their following posts.
In 2013, Lululemon had a customer review that went viral, the customer complained about her yoga pants being too transparent. After they resolved the matter with the customer, they displayed signs in local Lululemon stores saying, “we want to be transparent with you” and “we sinsheerly apologize”.
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