I'm sure you're aware of Orkut, Google's new social networking application. It's definitely generating a bunch of buzz on the Net today.
The way that Google released the news about Orkut, and the story that is spreading around it, is very telling of the nature of Google as an organization. If you know about Orkut, you are also aware of the fact that Google allows its engineers to spend 20% of their time on personal projects. In the old days of the new way, we would call that bit of information a "meme"--some idea that gets passed around.
That bit of info is really not relevant to the features or benefits of the Orkut system itself. Rather, it helps to illustrate something about Google: that, at its core, it is a company of smart programmers doing cool things with technology. Social networking is hot, but Google gets into the fray not because of board meetings and strategic consultations. Rather, they are into it because--from the depth of their technology group--someone came up with a cool implementation.
...or, at least, that's the story. And stories are brands, and brands are the basis of relationships between companies and consumers. The fact that the community of consumers are the ones currently perpetuating the story, in the form of the 20% Time Meme speaks volumes about the strength of the brand.
[Gary Stein]