Thursday, February 25, 2010

How Fortune 100 Companies are Using Social Media


According to a recent study by Burson-Marsteller, 79 percent of the largest Fortune 100 companies are using social media tools.

The study found that 65 percent of the largest 100 international companies have active accounts on Twitter, 54 percent have a Facebook fan page, 50 percent have a YouTube channel, and one-third (33 percent) have corporate blogs. Only 20 percent of the major international companies are engaging with stakeholders via all four platforms.

Although consumer-based social media tools are evidently making credible gains, the fact that the Fortune 100 do not utilize multiple tools may very well be a sign of how these tools have not yet gained significant corporate acceptance. This may highlight an opportunity big companies have in using the social Web to get ahead of competitors.

Here's a copy of the full report and an accompanying power point presentation.


Source: NYTimes, Burson-Marsteller

Wednesday, February 17, 2010

Friday, February 5, 2010

Innovation and Business Value

Lenny Mendonca, a director in McKinsey’s San Francisco office, interviewed Prith Banerjee, director of HP Labs. Mr. Banerjee discusses how he has tried to align long-range innovation projects with the current business plans and vision of the company. He also talks about the value of localizing research talent, the importance of measuring innovation, and the evolving role of corporate research labs.