I’m a podcast fanatic. I listen in the shower, on my cycle to work (sorry mum, I know that’s not safe) and when swimming (using the excellent Speedo Aquabeat). I have tried hundreds of different podcasts to find some that are consistently good. I thought you might like to know my favourites I’d love to hear about yours.

Social Media Podcasts

1. Jaffe Juice and JJTV – author of “Join the Conversation”, Joseph Jaffe is a coherent and straight-forward social media commentator. Some of his podcasts are conversations with other industry leaders which can take occasionally random, but generally interesting paths.
2. For Immediate Release - by Neville Hobson and Shel Holtz. Recorded in the US and UK, this podcast provides a frequent deep dive into weekly events in the PR-focussed social web. I enjoy listening, but always do so at double speed – it’s very long and I feel they can spend more time on issues than necessary.
3. CMO 2.0 Conversations – Francois does an excellent job of securing some superb client-side interviews for these podcasts.  He has a very relaxed style that gets people talking, but sometimes I wish he’d push them harder for more detail or hold them to account on some of their statements

Marketing and Digital Podcasts

1. 3 Minute Ad Age – short and snappy. Often a video from a marketing conference. Wide subject area so it can be hit-and-miss, but great for filling that few minutes of a journey.
2. HubSpot TV – a digital marketing weekly TV show from the lovely people at Hubspot. The show is full of great guests and bristling with sexual tension. I often think I’d like to listen in double time, but being a video, I have not worked out how to do that yet.
3. DishyMix – I’ve been listening to Susan Bratton since meeting her during the Travelling Geeks trip to the UK. She’s an excellent interviewer – never lets her subjects off the hook with wooly statements. Some of the topics veer off into self-help and I do find myself having to fast through the adverts, but in general she gets strong guests and uncovers interesting insights.
4. NMA podcast – now only monthly. A useful overview of what’s been going on in the UK digital marketing scene

Other good podcasts

1. David Maister’s Business Masterclass – everything you ever wanted to know about running a successful services business. I always listen to Maister in the week leading up to my board meetings because he gets me thinking. It’s a bit like having a virtual (and free) non-exec.
2. More or Less, Behind the Stats – Before FreshNetworks I started the research consultancy, FreshMinds. I suspect it’s my background in research that makes this my favourite podcast. Tim Harford, FT journalist and author of The Undercover Economist, brings an indepth analysis of every-day statisitcs and seeks to uncover dodgy analysis.
3. The Bottom Line with Evan Davis is another BBC Radio4 podcast. Some excellent business guests (usually UK CEOs) and gentle probing from Evan make this a good listen. For some reason I find this is always where  start with when going for a run in the park. I particulary enjoyed the recent argument about PR
4. Business Week – Behind the Cover Story – This is the best Business Week podcast. There is also a good innovation one and the Welch Way with Jack Welch. Sadly John Byrne, Executive Editor,  seems to have handed over his host role to others in the editorial team. That’s a shame as he had a wonderful style and eclectic music choice. But it remains a good topical podcast.
5. Economist podcasts – I never find time to listen to all of these. A great shame as The Economist’s journalists deliver sharp insight and a beautiful turn of phrase at every opportunity. Recently I have enjoying their new book of the month episodes.
6. Great Lives – Matthew Paris piecing together some womderful biographies of famous folk with celebrity guests
7. Harvard Business Ideacast – useful overviews of the books that HBR authors are about to publish.
8. TED talks – no list would be complete with out mentioning these amazing set of downloads. some of the world’s most interesting (and random) speakers on topics that range from global finance to microbiology. Ken Robinson is a must-listen.
9. Listen to Lucy – Lucy Kellaway of the FT taking an entertaining swipe at corporate bullshit. If you’re after something more heavy-hitting, Martin Wolf the FTs Chief Economics Commentator, is excellent. But you really have to concentrate. Sadly I’ve had to stop listening whilst cycling as I almost crashed twice trying to decipher his arguments.

That’s my listening list. What’s on yours?

A useful survey from global PR firm Burson-Marsteller this week looks at the ways in which the Global Fortune 100 companies are using social media. The tools they are using and how they are developing a social media strategy. The survey looked at 100 firms in the US, Europe, Asia-Pacific and Latin America and examined how these firms are using social media.

The summary presentation is below, and is Required Reading here at FreshNetworks this week, and the full report can be downloaded here.

The survey highlights the ways in which these firms are using social media and is also insightful in terms of the tools and platforms (Twitter, Facebook, YouTube or a corporate blog) they are using. It is interesting to compare the use of the different tools – Twitter is the most popular and blogging the least. And to compare how behaviour differs by regions – particularly the differences between Asia-Pacific and the US and Europe.

Summary findings

• 79% of firms are using at least one of these social media platforms – this figure is higher in Europe (88%) and lowest in Asia-Pacific (50%) – and 20% of them are using all four
• The most popular platform is Twitter, with 65% of firms using this. Facebook and YouTube are next (54% and 50% respectively) with corporate blogs the least used (just 33% of firms surveyed)
• For companies that use Twitter the average number of accounts they are running is 4.2, with some companies (notably AT&T and Nokia) having a large number of accounts – 15 people in the case of these two firms
• For those companies who are engaging, their activity levels are mixed. 82% of those using Twitter have tweeted within the last week, whilst only 36% of those with blogs have added a new post in the last week

Twitter

• 65% of Fortune Global 100 firms have a Twitter account. In Europe and the US this figure is over 70%; in Asia-Pacific only 40% of firms have an account
• Firms are tweeting and average of 25-30 times per week
• Only 38% of companies are using Twitter actively to respond to other’s comments and questions
• In general companies are being followed by many more people than follow them. Typically they have about 1,500 followers and are following about 700 people

Facebook

• Facebook Fan pages are less popular that Twitter, with 54% of Fortune Global 100 firms having a page. They are significantly more popular in the US where 69% of fims have a Facebook Fan page
• Only 59% of companeis with a Fan page are actively using it with an average of only 3.8 posts per week
• The number of fans is higher than Twitter followers, with an average of 41,000 for firms with a Facebook Fan page

YouTube

• Half of all Fortune Global 100 firms have a YouTube Channel. Again firms in the US are more likely to have a Channel and those in Latin America least likely (59% and 33% respectively)
• 68% of firms with a YouTube channel are using it actively, with an average of 10 new videos each month
• Typically, firms are getting 40,000 views of their videos each month and over half of all Channels have comments

Corporate Blogs

• Whilst only a third of Fortune Global 100 firms have a corporate blog, these figures are much higher in Asia-Pacific (50%) and low in Europe (25%)
• The average number of posts per month is 7 (but again much higher in Asia-Pacific: 14), and almost three-quarters of blogs have comments

The Matthew Effect dates from the 1960s. It is the theory, first expressed by sociologist Robert K. Merton, that those who possess power and economic or social capital can leverage those resources to gain more power or capital. Put simply: the rich get richer and the poor get poorer. Or as it is expressed in the Gospel of St Matthew, from which the effect takes its name:

For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.

So what does this have to do with social media? Well this great presentation and video from Torsten Henning Hensel explores the power of linking online and how the Matthew Effect can help us to understand how things become viral and spread online and in social media. As Hensel explains:

Thanks to the Matthew Effect, the already famous get more famous, the often quoted get more and more quoted…

It is easy to see how this transfers into social media – the more something is spread the more it will be spread even further by word of mouth. Imagine two pieces of content of equal quality, interest or importance. It is the content that has been linked to, retweeted, forwarded or otherwise referred to that is more likely to become viral. For Hensel, “Social media is a linking machine” and the more links you can get to a piece of content the more likely that content is to become viral when compared to a similar piece.

This is an interesting theory and a great attempt to deconstruct and to understand what makes something go viral. The presentation is Required Reading this week at FreshNetworks as it reminds us all of the importance of links.

Social Media Week in London saw a great set of events, thinking and presentations for all things social media. One of my favourite presentations from the week came from an event I wasn’t able to attend: Steve Bridger’s keynote from the Media140 Third Sector and the Real-time Web event.

Steve’s presentation is based on his experience of working with charities and not-for-profits and highlights the importance of the internal change that must take place in any organisation if they are to make the most of using social media:

1. Social media is disruptive to an organisation. It changes the way you do things, whether you intend it to or not. We see this a lot with organisations we work with at FreshNetworks. Marketing communities often produce customer service queries or ideas; research communities often result in word of mouth about the brand. Customers are not siloed in how they think about your brand or organisation and they way you interact with them in social media cannot be siloed either.
2. Social media is about relationships. It is not about technology but about what you do with it and how you interact with people online.

These observations are as true for corporates as they are for not-for-profits. Social media is not a silo because it is about relationships. It is about how you engage and interact with people on an ongoing basis.

Steve’s full presentation is below and is our Required Reading this week. You can also hear Steve talk at the FreshNetworks Breakfast Briefing on Thursday 18th February: Strengthen your membership strategy with social media.

The Economist on social networking - world of connections

What joy. This week,  The Economist, every Capitalist’s favourite magazine, has published a special report on on social networking.

A World of Connections, provides an excellent overview of the current state of social media for those still trying to get to grips with it. You can download a free pdf of the report here. Or check out my summary of key highlights below.

Introduction: A world of connections

1. “Online social networks are changing the way people communicate, work and play”
2. Facebook users post over 55m updates a day. 70% of users live outside the US.
3. Social networks are superb tools for mass communication [NB the report is a bit light on their strategic use as a driver of 1-to-1 customer-to-company communication]
4. “the most avid online networkers are in Australia, followed by those in Britain and Italy”
5. Social Networks have “become important vehicles for news and channels of influence”. Indeed, they “played a starring role in the online campaign strategy that helped sweep Barack Obama”
6. To sceptics all the “talk of twittering, yammering and chattering smacks of another internet bubble in the making“. Social networks still “need to prove to the world that they are here to stay”

“This special report … will argue that social networks are more robust than their critics think … and that social-networking technologies are creating considerable benefits for the businesses that embrace them, whatever their size. Lastly, it will contend that this is just the beginning of an exciting new era of global interconnectedness that will spread ideas and innovations around the world faster than ever before.”

Facebook’s growth: Why social networks have grown so fast—and how Facebook has become so dominant

1. How the network-effect can drive lightning fast growth on a relatively modest marketing budget.
2. An openness to external developers helped create thousands of apps. These apps provide part of the service and additional reasons to spend time on Facebook.
3. Social networks have been beneficiaries of a fall in the cost of data storage and have also been “able to use free, open-source software to build systems that scale quickly and easily”
4. In a feat of technical wizardry, Facebook’s engineers “quintupled the performance of an open-source memory system called memcached, which allows frequently used data to be retrieved faster than if stored in a database.
5. Facebook Connect is one of the firm’s most important innovations as it allows members to take their social graph wherever they go on the web.

Twitter’s transmitters: The magic of 140 characters

1. A key difference between Facebook and Twitter comes from the nature of relationships that underlie them. “On Facebook, users can communicate directly only if one of them has agreed to be a “friend” of the other. On Twitter, people can sign up to follow any public tweets they like”
2. The most prolific 10% of Tweeters account for 90% of all tweets
3. Another big difference between Twitter and Facebook is in the kind of content that gets sent over their networks. Facebook allows people to exchange videos, photos and other material, whereas Twitter is part-blog, part e-mail [I disagree with this. On the surface Twitter looks like a text tool, but many tweets link to videos, photos or other media].

Social Networks making money: Profiting from friendship

1. When it comes to turning users into profits, social networks face two issues. Firstly, users are taking part to spend time with friends, so they do not pay attention to ads. Secondly, brands are nervous about appearing alongside unregulated comments and other content.
2. Click-through rates are low, but the amount spent on adverts is increasing despite the recession.
3. In part this may be because Marketers recognise the value that personal recommendations can have on buying behaviour. And social networks provide an opportunity for viral marketing.
4. During 2009, Facebook turned cash-flow positive on revenues thought to be in the region of $500m.
5. Games, virtual gifts, premium services and search rights are becoming an important part of some social networks’ revenue streams

Social Media for Small Business: A peach of an opportunity

1. They cover the well known Kogi BBQ social media success story and mention that according to Razorfish 44% of people follow brands on Twitter  for deals [NB the methodology used in this research was rightly brought into question by Susan Braton in a recent DishyMix podcast]
2. Social networks can provide a great launchpad for startups thanks to their reach.
3. This article then randomly veers off into social gaming. A subject that deserves it’s own dedicated piece. But you can’t have everything.

Internal social networks: Yammering away at the office

1. Social networks are being used to break down internal barriers in the corporate world.
2. Informal conversations they allow can be a catalyst for creativity and new ideas.
3. “The networks are also a great way to capture knowledge and identify experts on different subjects within an organisation”

Recruitment in a social world: Social Contracts: the smart way to hire workers

1. Social networks, such as Linkedin and Xing help firms cut search costs
2. Business social networks help improve the efficiency of the labour market
3. They have also made recruitment more transparent as recruiters go onto social networks to check up on candidates ahead of making an hire

As an aside, if you’re interested in social media for recruitment here are a few relevant posts from our sister company, FreshMinds Talent:

How to use Web2.0 for recruitment
Social Media and the forefront of the job market
How to imporve your Linkedin profile

Privacy in social media: Privacy 2.0

1. Privacy could be the Achilles heel of social networks. Users could decide to start reducing what they are prepared to share with the world online.
2. Social networks have been developing privacy controls that give users the ability to edit what can and cannot be seen. However these are often hidden away within sites and social networks are making blatant attempts to encourage more sharing of data not less.

The Future of Social Media Towards a socialised state

1. Social connectivity could become ubiquitous
2. Mobile adoption will fuel future growth in social networking
3. Facebook says that mobile users of the site are almost 50% more active than regular users
4. Geo-networking apps may be the next big thing [unsurprisingly, the Economist can't resist a fleeting mention of Foursquare, the social network tipped for big things in 2010]

Conclusion

It’s great to see social media and social networking getting reported in such depth by mainstream media. This Economist report is not exactly cutting edge when it comes to social media insight or analysis. However it does provide a great base level for the 99% of the business world who do not spend their days glued to Tweetdeck.

Even if the above is not new to you, I recommend you read the report purely for a lesson in good business writing. As ever, The Economist delivers on elegant prose that neatly and efficiently flows from point to point.

Was there anything in the report that leapt out at you?