70% of Fortune 500 are engaged in Social Media

We just did a quick research to find out why businesses are not engaged in social media like many social media insider suggest. So we tried to research the Fortune 500 and see who is engaged and who not.

To the surprise of many, about 350 of the 500 actually are engaged one way or the other. Those are not necessarily publicly announced and promoted strategic initiatives – but active engagements through presences in LinkedIn, Facebook, Yahoo (Groups), Twitter, YouTube and many other sites.

The engagement ranges from company supported support groups, fan pages, marketing supported Twitter accounts and more. Interesting to note: The engagement is not dominated by marketing. Engagement is across all departments. Some are in support, some in marketing, others initiated by product management and yet others even in the logistics department.

Based on the current research we expect small businesses to follow within the next 5 years. As we compared the social media adoption curve with other technology adoptions such as Internet, Fax, computers, telephone, we estimate by 2025 about 90% of all businesses will use social media to strengthen customer relationships, feedback channels and influence.

It turns out by many social media is considered a strong competitive advantage and as such hardly discussed with anybody outside the organization.

The full report will be available soon.
If you are interested, just send an email to research3 at socialmedia-academy.com
ask for the “Fortune 500 research”



3 Replies to “70% of Fortune 500 are engaged in Social Media”

  1. This is not surprising at all. In fact, I have to wonder what the 150 companies not engaged in social media are doing. Maybe they have secret or hidden social media activities. Or maybe they are just sitting there in a rudderless boat, unaware that a giant wave is moving quickly towards them.

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