Shel Israel has a great interview with Radian6. They have a web based 'dashboard' solution for monitoring blogs, flickr, twitter etc.
All companies need to be concerned about their online brand reputation - what is being said about them and by whom. As Marcel LeBrun says in the interview companies get lots of praise for actually monitoring and responding to comments. Dell is quoted as an example of a company that is very actively engaging with the online community of customers and influencers and has succesfully reduced negative comments.