Corporate Social Networks Are A Waste of Money, Study FindsOpen in New Window
Marshall Kirkpatrick questions whether company-built social networks for customers to socialize are really smart, and judging by the results of a recent study by Ed Moran, a director at consulting mega-firm Deloitte, the answer is no. The study reports "Thirty-five percent of the [corporate] online communities studied have less than 100 members; less than 25% have more than 1,000 members - despite the fact that close to 60% of these businesses have spent over $1 million on their community projects."
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