Business - Written by Denis Hancock on Thursday, August 28, 2008 9:18 - 1 Comment
Social Media use: the Inc. 500 vs. the Fortune 500
An interesting little report came out of the University of Massachusetts Dartmouth Center for Marketing Research recently – a “statistically significant, longitudinal (study) on the usage of social media in corporations.” However, it wasn’t just any corporations – the study focused on the Inc. 500, which is comprised of the 500 fastest growing private companies in the U.S. One particularly interesting headline result – 39% of the Inc. 500 is blogging, which is a 20% increase over the previous year. In contrast, other research indicates only 11.6% of the Fortune 500 currently has “active public blogs by company employees about the company and/or its products“, a bump of 3.6% over the same time period. As the following chart shows, the Inc. 500 is also showing rapid growth in the adoption of social networking, online video, wikis, and podcasting:
It will be intriguing to see if the leadership of the private companies over public continues to persist, and/or whether the Inc. 500 adoption is a leading indicator of what the public companies are going to do. Wikinomics readers might also be interested in following the “In contrast” link above, which is a wiki page that was created by Chris Anderson and Ross Mayfield to enable a cooperative, volunteer effort to review the blogging activity of Fortune 500 companies. My favorite link here is the “spectrum of corporate social media“, which hopes to flush out a taxonomy of ways to engage in social media (with specific examples). I think it still has a long way to go, but here’s how it currently stands:
- Sue and fire Employee Bloggers (e.g. Delta Air Lines Inc)
- RSS Feeds of existing content (e.g. Intel Corporation)
- Internal Wikis and Weblogs (e.g. DrKW)
- Executive Bloggers off-Site (e.g. guest blogging)
- Host Consumer Blogs (e.g. most media companies, Google)
- Don’t Ask, Don’t Tell policy for Employee Blogging (e.g. Apple Computer, Inc)
- Group Blogs on-Site (e.g. Yahoo! Search Blog)
- Executive Bloggers on-Site (e.g. SAP Executive Blogs)
- Public Wikis (e.g. Intuit)
- Encourage Employee Blogs (e.g. Scoble)
- Host and Employee Blogs (e.g. Sun Microsystems Inc, Microsoft Corporation)
- Carpetbombing (e.g. commenting anonymously in blogs)
Note: I don’t think “sue and fire employee bloggers” is a good category to be in
.
1 Comment
Leave a Reply
Browse Content
- The iPhone, growing up digital, and my daughter's education
- Playbor: When work and fun coincide
- Lessons in collaboration from B.B. King’s
- A decade of frustration ahead?
- Games, user experience, and retroactive Continuity--All enabled by platforms
- Survey: How prepared is the enterprise to lead in the age of unbounded data?
- When you ask customers to dance, let them lead
- Real world examples for collaboration ROI
- Will You Use Target's Mobile Coupons?
- Mobile Platform Magic: Five Things Executives Must Know about Mobility
- On Unintended Consequences
- Mobile Platform Magic: Five Things Executives Must Know about Mobility
- Will You Use Target’s Mobile Coupons?
- Lessons in collaboration from B.B. King’s
- Games, user experience, and retroactive Continuity–All enabled by platforms
- Survey: How prepared is the enterprise to lead in the age of unbounded data?
- A decade of frustration ahead?
- The iPhone, growing up digital, and my daughter’s education
- Real world examples for collaboration ROI
- Playbor: When work and fun coincide
- Security, security, security…
- Physicians are totally antiquated in their use of the computer. Its funny - a r...
- Great list of questions, Laura. Check out this post by someone who signed up for...
- Not everybody will have read Malthus. And the the title heading of this post app...
- Given the numbers not connected properly, there's continuous digital divide....
- Quite possibly....
- Due to global financial crisis companies and individuals are affected. Many work...
- Good post Naumi,
I like how you relate the jazz band performance to customer ...
- Hi Marilyn,
Thanks for the quote! I agree that some of the most interesting...
Business - Mar 16, 2010 15:08 - 1 Comment
Mobile Platform Magic: Five Things Executives Must Know about Mobility
More In Business
- Will You Use Target’s Mobile Coupons?
- Games, user experience, and retroactive Continuity–All enabled by platforms
- Survey: How prepared is the enterprise to lead in the age of unbounded data?
- Real world examples for collaboration ROI
- When you ask customers to dance, let them lead
Entertainment - Mar 9, 2010 16:58 - 3 Comments
Lessons in collaboration from B.B. King’s
More In Entertainment
- CL!CK – LEGO’s fun social product development platform
- Peer Pressure 2.0: Farmville
- Online gaming more than just fun
- The NFL – The most protective league, attempting to control the uncontrollable
- The rise of computational photography and the birth of camera 2.0



Denis, I took this survery as a member of the Inc 500 (I think I’m quoted in it somewhere) and I just took another one for the YPO. What I’m seeing is that i’m updating about 6 different blogs per day and I really want my employees (ALL of them) to be actively participating in online forums, communities, blogs, ect. as members of my company and their own personal lives. Good or bad. Mostly what I see now is individual product branding rather than branding an experience. I would like the world to know when my company did something good, and I don’t mind if our (non competitive advantage
) information gets out if it’s bad. And you know what? The employees are the ones that don’t want to do it because while the blog on company time, they would like to be compensated extra for the extra participation. Oddly enough this is going to cause me to install an internet filter unless I can come up with some good incentives and everyone cooperates.