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Do Fortune 100 Companies
Need a          vention?
Table oF CoNTeNTs

                                IntroductIon  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3

                                overvIew .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4

                                research FIndIngs
                                   Twitter Account Branding  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 5
                                   Twitter Engagement  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6
                                   Twitter Account Purpose  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 7
                                   Conclusion  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 8

                                Methodology .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9
                                  Definition of Terms  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 10




Fortune 100 Companies on Twitter | November 2009                                                                                         2
iNTrodUCTioN
With more than 20 million people on Twitter in the U .s . (50 million
worldwide), there are ample opportunities for audiences to engage
with corporations and brands .

but are companies engaging effectively? Think of Twitter as the über corporate cocktail
party . The influentials, celebs and dealmakers you invite will stay only if the conversation is
entertaining, valuable and interesting . so, what makes good conversation? The key is listening
and engaging .

Weber shandwick conducted research to evaluate how effectively Fortune 100 companies
used Twitter to its full potential as an engagement platform . The results provide key learnings
for companies who want to make sure their party is one that’s buzzing .




                                         Think of Twitter as the über corporate
                                         cocktail party. Your influential guests
                                         will stay only if the conversation is
                                         entertaining, valuable and interesting .




     Fortune 100 Companies on Twitter | November 2009                                              3
overvieW
            a Weber shandwick study concludes that Fortune 100 companies need a Twittervention . executed
            successfully, Twitter can help companies engage with customers, build new relationships and create
            a new pool of advocates talking positively about their brands .

            The Weber shandwick study showed that 73 percent of Fortune 100 companies registered a total
            of 540 Twitter accounts . However, about three-quarters (76 percent) of those accounts did not post
            tweets very often, and more than half (52 percent) were not actively engaged . (This was measured
            by engagement metrics such as numbers of links, hashtags, references and retweets .)

            in addition, 50 percent of the Fortune 100 accounts had fewer than 500 followers, a small number
            in relation to the size and reach of a major corporation . another 15 percent were inactive; of those,
            11 percent were merely placeholder accounts — unused accounts to protect corporate names
            against so-called brand-jacking on Twitter — and 4 percent were abandoned after being used for
            a specific event .

            Weber shandwick prescribes five essential steps as a starting point for Fortune 100 companies to
            create true engagement and market interaction on Twitter:

                        1 .   listen to conversations
                        2 .   Participate in conversations
                        3 .   update frequently with valuable information
                        4 .   reply to people who talk about issues that are important to your company
                        5 .   retweet relevant conversations




                                                                       The majority of Fortune 100


                    540 41                                             company accounts did not skillfully
                                                                       navigate Twitter to create a new
                                                                       pool of advocates talking positively

     73
                       Fortune 100
                     Twitter accounts                                  about their brands
                                              accounts appeared
                                              to be brand-jacked
Fortune 100 companies
      on Twitter




                                    50        %                                 15%
                                of accounts had fewer
                                  than 500 followers
                                                          76%
                                                           posted fewer
                                                                               were placeholder
                                                                              or inactive accounts


                                                         than 500 tweets




                 Fortune 100 Companies on Twitter | November 2009                                                    4
researCH FiNdiNgs

PERSONALITY, ACTIVATION, OWNERSHIP
Fifty-three percent of the Fortune 100 Twitter accounts analyzed by Weber shandwick did not
display personality, tone or voice on their account pages . Nearly one third (32 percent) presented
personalities on their account pages, with well-designed backgrounds in addition to names and/or
photos of those who posted tweets .

Four percent of Twitter accounts were no longer being used — either because an account had been
set up specifically for an event that had since ended or the account was simply abandoned . eleven
percent were placeholder accounts that were apparently used as a defense against so-called brand-
jacking . brand-jacking has grown to be a serious problem for companies today . it occurs when a
Twitter account with a company name is created by an unauthorized third party .

This indicates that many Fortune 100 companies on Twitter recognized the importance of
safeguarding their brands on Twitter, even if they weren’t yet convinced about its value to their
particular business . Notably, 41 accounts appearing to represent Fortune 100 companies were
brand-jacked; they were not included in the total 540 accounts held by Fortune 100 companies .




Twitter Fortune 100:                   4%
Account Branding
september 2009

                              11%                             15 percent of accounts were
  braNd oNlY                                                  inactive or placeholders to
  PersoNaliTY                                                 prevent brand-jacking .
                                               53%
  PlaCeHolders
  iNaCTive                   32%




    Fortune 100 Companies on Twitter | November 2009                                                  5
Best practices were not followed
   by most of the Fortune 100 accounts
   examined by Weber shandwick .




                 TWITTER ENgAgEmENT
                 Companies that excel at engagement on Twitter both listen to and participate in conversations .
                 They provide frequent updates with valuable information . They have a large number of followers,
                 they reply to people who talk about issues that are important to them, and they retweet those
                 conversations too . They reply or refer to other accounts with @username, and in turn, they are
                 referred to by other accounts .

                 These best practices were not followed by most of the Fortune 100 accounts examined by
                 Weber shandwick . Half of those accounts had fewer than 500 followers, while more than half
                 did not meet engagement metrics that were analyzed in Twitalyzer (e .g . numbers of links,
                 hashtags, references and retweets) . as well, three-quarters (76 percent) of those accounts
                 posted fewer than 500 tweets . This indicates either a lack of engagement by many companies
                 with their followers, or newly established accounts that haven’t yet started using the platform to
                 build relationships .




Twitter Fortune 100:                                         Twitter Fortune 100:
Number of Followers                                          Number of Tweets                        3%
                                                                                                          1%
                                    4%
september 2009                                               september 2009


                                                                                             8%
  0-500                                                         0-500
                       16%
  501-1000                                                      501-1000              12%
  1,001-2,000                                                   1,001-2,000
  2,001-10,000     12%                   50%                    2,001-10,000
                                                                                                       76%
  10,000+                                                       10,000+
                          18%




                 Fortune 100 Companies on Twitter | November 2009                                                     6
Twitter Fortune 100:
                                                   Account Purpose
Twenty-four percent of the Twitter                 september 2009
accounts were primarily used for
brand awareness; however many
                                                                               NeWsFeed
of them appeared to be on Twitter
                                                 14%                           sales
simply to have an online presence .
                                                              26%              CUsTomer serviCe
                                                                               THoUgHT leadersHiP
                                           24%                                 braNd aWareNess

                                                               16%             oTHer

                                                11%      9%



 TWITTER ACCOuNT PuRPOSE
 Twitter can be used by businesses for many purposes; its value differs for each company .
 if best practices are followed, businesses can discuss their news, products and services with
 a wider audience, increase brand awareness, gain new customers, boost sales and/or provide
 customer service .

 among the Fortune 100 companies examined by Weber shandwick, 26 percent of their Twitter
 accounts were primarily used as a one-way flow of information (either by rss news feeds or
 manual tweets) that offered no engagement with followers . Tweets did not provide opinions
 or encourage discussions . This contradicts the value of Twitter as a two-way dialogue to build
 relationships with customers and advocates .

 a sizeable 24 percent of the Twitter accounts were primarily used for brand awareness . many
 appeared to be on Twitter simply to have an online presence . They did not use the platform to
 reach out to the community and demonstrate that their brand is a trusted source of valuable
 information, a business that not only talks but also listens to customers .

 surprisingly, only 16 percent of the Fortune 100 accounts were used mainly as sales vehicles
 for company products and services . other companies did not appear to understand that sales
 growth can be achieved by posting special Twitter offers, coupons, limited bargains and sales
 prices, or by searching for customers who mention a company product and reaching out to them
 to build a relationship .

 Customer service was the focus of only 9 percent of the accounts; it is highly likely that these
 companies are worried about corporate reputation — posts that might be damaging to a brand .
 in addition, success requires a commitment to respond quickly to customer queries, suggestions
 or complaints . according to Twitter’s own best practices, “your reply should come within a day, if
 not within hours .”




     Fortune 100 Companies on Twitter | November 2009                                                  7
Thought leadership appeared to be the least prominent Twitter strategy by Fortune 100
             companies, with only 8 percent focused on it . Corporate reputation and authority can be
             extended onto Twitter, but are most effective only after thought leadership is demonstrated
             in newspapers, trade publications or recognized by analysts and bloggers .

             Finally, another 14 percent of accounts were used for other reasons such as recruitment or
             employee-specific information, or their accounts were locked and not visible . These companies
             were unable to build relationships with interested communities .

             CONCLuSION
             For the majority of Fortune 100 companies, Twitter remains a missed opportunity . many of their
             Twitter accounts, examined by Weber shandwick, did not appear to listen to or engage with
             their readers, instead offering a one-way broadcast of press releases, company blog posts and
             event information .

             This falls short of the opportunity that Twitter offers as a valuable communications channel and
             strategic social network . For those companies, Weber shandwick prescribes a Twittervention to
             help them:

             	 •    create a companywide engagement strategy; a set of guidelines with best practices
             	 •    demonstrate a consistent and comprehensive brand presence
               •	   Build a dialogue that paves the way to new relationships with customers and advocates
               •    generate loyalty among new and existing communities

             To maximize the benefits of Twitter, companies should offer opinions and encourage discussions,
             reach out to their communities of customers and advocates, build relationships with new
             customers and look for untapped supporters .

             The number of active Twitter users in the United states already exceeds 20 million and can
             be expected to continue to grow . This is a massive human database to tap; companies that
             understand the value of Twitter can benefit from its potential as a viable engagement platform .




a majority of Fortune 100 companies are not
using Twitter for its intended benefit: to create
meaningful connections and relationships with
customers, potential advocates, media and other
business contacts .




              Fortune 100 Companies on Twitter | November 2009                                                  8
For companies with more than one
                                                      brand, only the Twitter accounts
                                                      of the flagship brand were
                                                      evaluated . only official Twitter
                                                      accounts were reviewed .




meTHodologY
Weber shandwick conducted an in-depth study into the activities of Fortune 100 companies
on Twitter between august 28 and september 4, 2009 . The analysis identified which companies
used Twitter according to best practices and how well they engaged with Twitter users .

For companies with more than one brand, only the Twitter accounts of the flagship brand were
evaluated . in addition, only official Twitter accounts were reviewed; accounts were determined to
be official if they contained:

	 •    a company email address, phone number and links to the company’s corporate websites
	 •    Consistent company messaging in the account’s bio and tweets
  •    Photos of company employees who were managing the account

The following metrics were analyzed:

	 •	   Number of company Twitter accounts
  •	   A
       	 ccount	Branding:	The account either identified personalities who posted on behalf of a
       company or it was an anonymous, faceless brand account .
	 •	   account Purpose: The account was used as a news feed, for sales and promotions,
       customer service, thought leadership, brand awareness or its usage was unclear .
  •	   E
       	 ngagement: in the last seven days of our research, the numbers of Urls cited, hashtags,
       references by other companies, unique referrers, references to other companies, retweets,
       unique retweeters and retweeting others . (Twitalyzer was used to determine these metrics .)




Fortune 100 Companies on Twitter | November 2009                                                      9
DEfiniTions of TErms

     Following: People follow you to receive
     your updates

     Tweet: an individual post

     Retweet: a message that is reposted
     (usually with “rT” in front of it)

     References: People refer to your account
     or your account refers to others

     @username: The beginning part of a post
     that is directed specifically at a user

     Hashtag: The symbol # with a keyword
     that describes a topic of conversation

     Active: an account was considered active
     if a tweet had been posted in a specific
     seven-day period, according to Twitalyzer                         This study is part of Weber shandwick’s
                                                                       social Pulse offering for online monitoring and
                                                                       measurement . social Pulse shapes strategy,
                                                                       execution and program refinements for
                                                                       Weber shandwick clients around the world .




Chris Perry                  margot sinclair savell                James Warren                  matthew gain
310 854 8250                 425 452 5433                          +44 20 7067 0503              +61 416 181 073
cperry@webershandwick .com   msinclairsavell@webershandwick .com   jwarren@webershandwick .com   mgain@webershandwick .com
twitter .com/cperry248       twitter .com/margotsavell             twitter .com/jamesdotwarren   twitter .com/matthewgain



www .webershandwick .com
                Fortune 100 Companies on Twitter | November 2009                                                        10

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Do Fortune 100 Companies Need a Twittervention

  • 1. Do Fortune 100 Companies Need a vention?
  • 2. Table oF CoNTeNTs IntroductIon . . . . . . . . . . . . . . . . . . . . . . . . . 3 overvIew . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 research FIndIngs Twitter Account Branding . . . . . . . . . . . . . . . . . 5 Twitter Engagement . . . . . . . . . . . . . . . . . . . . . 6 Twitter Account Purpose . . . . . . . . . . . . . . . . . . 7 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Methodology . . . . . . . . . . . . . . . . . . . . . . . . . 9 Definition of Terms . . . . . . . . . . . . . . . . . . . . . 10 Fortune 100 Companies on Twitter | November 2009 2
  • 3. iNTrodUCTioN With more than 20 million people on Twitter in the U .s . (50 million worldwide), there are ample opportunities for audiences to engage with corporations and brands . but are companies engaging effectively? Think of Twitter as the über corporate cocktail party . The influentials, celebs and dealmakers you invite will stay only if the conversation is entertaining, valuable and interesting . so, what makes good conversation? The key is listening and engaging . Weber shandwick conducted research to evaluate how effectively Fortune 100 companies used Twitter to its full potential as an engagement platform . The results provide key learnings for companies who want to make sure their party is one that’s buzzing . Think of Twitter as the über corporate cocktail party. Your influential guests will stay only if the conversation is entertaining, valuable and interesting . Fortune 100 Companies on Twitter | November 2009 3
  • 4. overvieW a Weber shandwick study concludes that Fortune 100 companies need a Twittervention . executed successfully, Twitter can help companies engage with customers, build new relationships and create a new pool of advocates talking positively about their brands . The Weber shandwick study showed that 73 percent of Fortune 100 companies registered a total of 540 Twitter accounts . However, about three-quarters (76 percent) of those accounts did not post tweets very often, and more than half (52 percent) were not actively engaged . (This was measured by engagement metrics such as numbers of links, hashtags, references and retweets .) in addition, 50 percent of the Fortune 100 accounts had fewer than 500 followers, a small number in relation to the size and reach of a major corporation . another 15 percent were inactive; of those, 11 percent were merely placeholder accounts — unused accounts to protect corporate names against so-called brand-jacking on Twitter — and 4 percent were abandoned after being used for a specific event . Weber shandwick prescribes five essential steps as a starting point for Fortune 100 companies to create true engagement and market interaction on Twitter: 1 . listen to conversations 2 . Participate in conversations 3 . update frequently with valuable information 4 . reply to people who talk about issues that are important to your company 5 . retweet relevant conversations The majority of Fortune 100 540 41 company accounts did not skillfully navigate Twitter to create a new pool of advocates talking positively 73 Fortune 100 Twitter accounts about their brands accounts appeared to be brand-jacked Fortune 100 companies on Twitter 50 % 15% of accounts had fewer than 500 followers 76% posted fewer were placeholder or inactive accounts than 500 tweets Fortune 100 Companies on Twitter | November 2009 4
  • 5. researCH FiNdiNgs PERSONALITY, ACTIVATION, OWNERSHIP Fifty-three percent of the Fortune 100 Twitter accounts analyzed by Weber shandwick did not display personality, tone or voice on their account pages . Nearly one third (32 percent) presented personalities on their account pages, with well-designed backgrounds in addition to names and/or photos of those who posted tweets . Four percent of Twitter accounts were no longer being used — either because an account had been set up specifically for an event that had since ended or the account was simply abandoned . eleven percent were placeholder accounts that were apparently used as a defense against so-called brand- jacking . brand-jacking has grown to be a serious problem for companies today . it occurs when a Twitter account with a company name is created by an unauthorized third party . This indicates that many Fortune 100 companies on Twitter recognized the importance of safeguarding their brands on Twitter, even if they weren’t yet convinced about its value to their particular business . Notably, 41 accounts appearing to represent Fortune 100 companies were brand-jacked; they were not included in the total 540 accounts held by Fortune 100 companies . Twitter Fortune 100: 4% Account Branding september 2009 11% 15 percent of accounts were braNd oNlY inactive or placeholders to PersoNaliTY prevent brand-jacking . 53% PlaCeHolders iNaCTive 32% Fortune 100 Companies on Twitter | November 2009 5
  • 6. Best practices were not followed by most of the Fortune 100 accounts examined by Weber shandwick . TWITTER ENgAgEmENT Companies that excel at engagement on Twitter both listen to and participate in conversations . They provide frequent updates with valuable information . They have a large number of followers, they reply to people who talk about issues that are important to them, and they retweet those conversations too . They reply or refer to other accounts with @username, and in turn, they are referred to by other accounts . These best practices were not followed by most of the Fortune 100 accounts examined by Weber shandwick . Half of those accounts had fewer than 500 followers, while more than half did not meet engagement metrics that were analyzed in Twitalyzer (e .g . numbers of links, hashtags, references and retweets) . as well, three-quarters (76 percent) of those accounts posted fewer than 500 tweets . This indicates either a lack of engagement by many companies with their followers, or newly established accounts that haven’t yet started using the platform to build relationships . Twitter Fortune 100: Twitter Fortune 100: Number of Followers Number of Tweets 3% 1% 4% september 2009 september 2009 8% 0-500 0-500 16% 501-1000 501-1000 12% 1,001-2,000 1,001-2,000 2,001-10,000 12% 50% 2,001-10,000 76% 10,000+ 10,000+ 18% Fortune 100 Companies on Twitter | November 2009 6
  • 7. Twitter Fortune 100: Account Purpose Twenty-four percent of the Twitter september 2009 accounts were primarily used for brand awareness; however many NeWsFeed of them appeared to be on Twitter 14% sales simply to have an online presence . 26% CUsTomer serviCe THoUgHT leadersHiP 24% braNd aWareNess 16% oTHer 11% 9% TWITTER ACCOuNT PuRPOSE Twitter can be used by businesses for many purposes; its value differs for each company . if best practices are followed, businesses can discuss their news, products and services with a wider audience, increase brand awareness, gain new customers, boost sales and/or provide customer service . among the Fortune 100 companies examined by Weber shandwick, 26 percent of their Twitter accounts were primarily used as a one-way flow of information (either by rss news feeds or manual tweets) that offered no engagement with followers . Tweets did not provide opinions or encourage discussions . This contradicts the value of Twitter as a two-way dialogue to build relationships with customers and advocates . a sizeable 24 percent of the Twitter accounts were primarily used for brand awareness . many appeared to be on Twitter simply to have an online presence . They did not use the platform to reach out to the community and demonstrate that their brand is a trusted source of valuable information, a business that not only talks but also listens to customers . surprisingly, only 16 percent of the Fortune 100 accounts were used mainly as sales vehicles for company products and services . other companies did not appear to understand that sales growth can be achieved by posting special Twitter offers, coupons, limited bargains and sales prices, or by searching for customers who mention a company product and reaching out to them to build a relationship . Customer service was the focus of only 9 percent of the accounts; it is highly likely that these companies are worried about corporate reputation — posts that might be damaging to a brand . in addition, success requires a commitment to respond quickly to customer queries, suggestions or complaints . according to Twitter’s own best practices, “your reply should come within a day, if not within hours .” Fortune 100 Companies on Twitter | November 2009 7
  • 8. Thought leadership appeared to be the least prominent Twitter strategy by Fortune 100 companies, with only 8 percent focused on it . Corporate reputation and authority can be extended onto Twitter, but are most effective only after thought leadership is demonstrated in newspapers, trade publications or recognized by analysts and bloggers . Finally, another 14 percent of accounts were used for other reasons such as recruitment or employee-specific information, or their accounts were locked and not visible . These companies were unable to build relationships with interested communities . CONCLuSION For the majority of Fortune 100 companies, Twitter remains a missed opportunity . many of their Twitter accounts, examined by Weber shandwick, did not appear to listen to or engage with their readers, instead offering a one-way broadcast of press releases, company blog posts and event information . This falls short of the opportunity that Twitter offers as a valuable communications channel and strategic social network . For those companies, Weber shandwick prescribes a Twittervention to help them: • create a companywide engagement strategy; a set of guidelines with best practices • demonstrate a consistent and comprehensive brand presence • Build a dialogue that paves the way to new relationships with customers and advocates • generate loyalty among new and existing communities To maximize the benefits of Twitter, companies should offer opinions and encourage discussions, reach out to their communities of customers and advocates, build relationships with new customers and look for untapped supporters . The number of active Twitter users in the United states already exceeds 20 million and can be expected to continue to grow . This is a massive human database to tap; companies that understand the value of Twitter can benefit from its potential as a viable engagement platform . a majority of Fortune 100 companies are not using Twitter for its intended benefit: to create meaningful connections and relationships with customers, potential advocates, media and other business contacts . Fortune 100 Companies on Twitter | November 2009 8
  • 9. For companies with more than one brand, only the Twitter accounts of the flagship brand were evaluated . only official Twitter accounts were reviewed . meTHodologY Weber shandwick conducted an in-depth study into the activities of Fortune 100 companies on Twitter between august 28 and september 4, 2009 . The analysis identified which companies used Twitter according to best practices and how well they engaged with Twitter users . For companies with more than one brand, only the Twitter accounts of the flagship brand were evaluated . in addition, only official Twitter accounts were reviewed; accounts were determined to be official if they contained: • a company email address, phone number and links to the company’s corporate websites • Consistent company messaging in the account’s bio and tweets • Photos of company employees who were managing the account The following metrics were analyzed: • Number of company Twitter accounts • A ccount Branding: The account either identified personalities who posted on behalf of a company or it was an anonymous, faceless brand account . • account Purpose: The account was used as a news feed, for sales and promotions, customer service, thought leadership, brand awareness or its usage was unclear . • E ngagement: in the last seven days of our research, the numbers of Urls cited, hashtags, references by other companies, unique referrers, references to other companies, retweets, unique retweeters and retweeting others . (Twitalyzer was used to determine these metrics .) Fortune 100 Companies on Twitter | November 2009 9
  • 10. DEfiniTions of TErms Following: People follow you to receive your updates Tweet: an individual post Retweet: a message that is reposted (usually with “rT” in front of it) References: People refer to your account or your account refers to others @username: The beginning part of a post that is directed specifically at a user Hashtag: The symbol # with a keyword that describes a topic of conversation Active: an account was considered active if a tweet had been posted in a specific seven-day period, according to Twitalyzer This study is part of Weber shandwick’s social Pulse offering for online monitoring and measurement . social Pulse shapes strategy, execution and program refinements for Weber shandwick clients around the world . Chris Perry margot sinclair savell James Warren matthew gain 310 854 8250 425 452 5433 +44 20 7067 0503 +61 416 181 073 cperry@webershandwick .com msinclairsavell@webershandwick .com jwarren@webershandwick .com mgain@webershandwick .com twitter .com/cperry248 twitter .com/margotsavell twitter .com/jamesdotwarren twitter .com/matthewgain www .webershandwick .com Fortune 100 Companies on Twitter | November 2009 10