Preview

Effects Social Media Has on Business

Best Essays
Open Document
Open Document
3248 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effects Social Media Has on Business
The Effects Social Media Has On Business
Communicating in the 21st Century
July 30, 2011

A lot of research has been done over the last few years to prophesize social media as a new form of customer-centric relationship building. Building a network or using social media to deepen customer intimacy has become the norm of today. However, what is often overlooked is the impact of social media to change behaviors, and the potential to use social media to impact a professional’s decision-making processes. This article discusses the effects social media has on business, its advantages and disadvantages. Social media can affect business’s marketing, communications, reviews, transactions, day to day operations, and other business aspects.
What is social media? The first part of the term, social, refers to the instinctual needs humans have to connect with other humans. Humans have a need to be around and included in groups of similar like-minded people with whom they can feel at home and comfortable sharing thoughts, ideas, and experiences (Safko, 2010, p. 4). The second part of that term refers to the media used to make those connections with other humans. Whether they are drums, bells, the written word, the telegraph, the telephone, radio, television, e-mail, web sites, photographs, audio, video, mobile phones, or text messaging, media are the technologies used to make connections (Safko, 2010, p. 4). The application of the terminology social media is about how technologies effectively to reach out and connect humans, create relationships, and build trust. In business those relationships are ready to aid in a purchase of a product. Social media is a new set of tools and a new technology that allows business to efficiently connect and build relationships with customers and prospects. Social media is doing what the telephone, direct mail, print advertising, radio, television, and billboards did in the past (Safko, 2010, p. 5).
Social media is the use of



References: Barnes, N., & Barnes, F. (2009). Equipping Your Organization For The Social Networking Game. Information Management, 43(6), 28-33. Retrieved March 26, 2011, from the EBSCOhost database. Benson, V., Filippaios, F., & Morgan, S. (2010). Online Social Networks. International Journal of E-Business Management, 4(1), 20-33. Retrieved March 24, 2011, from the EBSCOhost database. Bulearca, M., & Bulearca, S. (2010). Twitter: A Viable Marketing Tool For SME 's?. Global Business & Management Research, 2(4), 296-309. Retrieved March 24, 2011, from the EBSCOhost database. Chung, C., & Austria, K. (2010). Social Media Gratification and Attitude toward Social Media Marketing Messages. Proceedings of the Northeast Business & Economics Association, 1(1), 581-586. Retrieved March 24, 2011, from the EBSCOhost database. Culnan, M., McHugh, P., & Zubillaga, J. (2010). How Large U.S. Companies Can Use Twitter And Other Social Media To Gain Business Value.. MIS Quarterly Executive, 9(4), 243-259. Retrieved March 24, 2011, from the EBSCOhost database. Daniasa, C., Tomita, V., Stuparu, D., & Stanciu, M. (2010). The Mechanisms of the Influence of Viral Marketing in Social Media. Economics, Management & Financial Markets, 5(3), 278-282. Retrieved March 24, 2011, from the EBSCOhost database. Dong-Hun, L. (2010). Growing Popularity of Social Media and Business Strategy. SERI Quarterly, 3(4), 112-117. Retrieved March 24, 2011, from the EBSCOhost database. Hensel, K., & Deis, M. (2010). Using Social Media to Increase Advertising and Improve Marketing. Entrepreneurial Executive , 15, 87-97. Retrieved March 26, 2011, from the EBSCOhost database. Lacho, K., & Marinello, C. (2010). How Small Business Owners Can Use Social Networking To Promote Their Business. Entrepreneurial Executive , 15(1), 127-133. Retrieved March 26, 2011, from the EBSCOhost database. Phillips, M., McFadden, D., & Sullins, M. (2010). How Effective is Social Networking for Direct Marketers?. Journal of Food Distribution Research, 41(1), 96-100. Retrieved March 26, 2011, from the EBSCOhost database. Rai, R. (2010). Pros and Cons of Social Networking. Money Today, 1, 11-11. Retrieved March 26, 2011, from the EBSCOhost database. Safko, L. (2010). What is social media?. The Social Media Bible (2nd ed., pp. 4-5). Hoboken, New Jersey: John Wiley & Sons, Inc.. Shearman, S. (2011). Proving Social Media 's ROI. Marketing, 1(1), 15-15. Retrieved March 26, 2011, from the EBSCOhost database. Smith, C. (2010). Social Networking for Business. NZ Business, 24(8), 60-61. Retrieved March 26, 2011, from the EBSCOhost database. Tassava, B. (2010). Making Social Media Worth the Time and Effort. firstline, 6(6), 38-40. Retrieved March 26, 2011, from the EBSCOhost database. Wolchak, P. (2009). Social Media Reality Check. Backbone, 1(1), 6-6. Retrieved March 26, 2011, from the EBSCOhost database. Wright, E., Khanfar, N., Harrington, C., & Kizer, L. (2010). The Lasting Effects of Social Media Trends On Advertising. Journal of Business & Economics Research, 8(11), 73-80. Retrieved March 24, 2011, from the EBSCOhost database.

You May Also Find These Documents Helpful

  • Best Essays

    Evans, D. and Bratton, S. (2012) Social Media Marketing : An Hour a Day (2nd Edition); John Wiley and Sons Publishing…

    • 2876 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Week 8 Assignment 4

    • 5709 Words
    • 23 Pages

    Social media marketing has become exceedingly popular among business of all sizes. So many people use social networks every day. Marketing for business can get very expensive. With social networking, businesses can promote their products and build their fan base. A business can use Facebook or Twitter to alert customers on sales and specials. Social networking was originally set up to interact with family, friends, and colleagues. Now businesses use social media marketing to keep current customers as well as get potential customers. Most businesses consider social networks as a marketing opportunity. Social media marketing is quickly gaining popularity. Facebook has more than three hundred million members worldwide. Twitter logs about fifty-million tweets per day. Businesses use this to their advantage.…

    • 5709 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Marketing Midterm

    • 954 Words
    • 4 Pages

    With social media efforts growing, there has actually been no real decline in the use of other marketing tools. The Constant Contact survey found that 91 percent of small businesses use email marketing, 95 percent use website marketing, 77 percent use print advertising, 69 percent use online advertising, and 53 percent use event marketing. These findings indicate that social media marketing is definitely complementary and additive, but not a complete replacement to more traditional marketing methods. Businesses can improve their results with integrating tools such as email marketing with social media marketing to benefit from both worlds.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This paper will evaluate the reasons social media marketing has become exceedingly popular among business of all sizes. This assignment will analyze the advantages and disadvantages of social media marketing for business entrepreneurs. I will research two other businesses has utilized social media marketing. Lastly, this paper will speculate the impact social media will have on business over the next decade, while identifying the skills individuals need to improve in order to take advantages of the changes.…

    • 1235 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Safko, L., & Brake, D. K. (2009). The Social Media Bible: Tactics, Tools, and Strategies for Business Success. Hoboken, N.J.: John Wiley & Sons.…

    • 6283 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    Social Media Technology

    • 3427 Words
    • 14 Pages

    Mangold, W. G., & Faulds, D. J. (2009). Social Media: The New Hybrid Element of the Promotion Mix. Business Horizons, Issue 52 , 357—365.…

    • 3427 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    you have to understand how social media can work, so that you can use its benefits to your…

    • 960 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The fact that many people use social media to discuss their thoughts and views online, has caused business to alter their communications and marketing strategies to better fit the new mean of sending out messages. Social media is presently used in place of the “old-fashioned” marketing tools, such as TV, billboards, radio, etc.…

    • 1240 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Brown, D. (2009). Using Social Networking for Business. Retrieved March 14, 2010, from the World Wide Web: http://technology.inc.com/internet/articles/200611/interneticebreakers.html…

    • 1739 Words
    • 7 Pages
    Better Essays
  • Best Essays

    Fraser, M., & Dutta, S. (2010). The Business Advantages of Social Networking. Retrieved July 18, 2011, from http://www.throwingsheep.com/docs/FM168SocialNetworkingArticle.pdf…

    • 2035 Words
    • 9 Pages
    Best Essays
  • Best Essays

    Social networks tools are used as a means of building links to business websites where an online social networking has been harnessed as an invaluable asset for many corporate businesses. Due to the big majority personal use of social networks today is forcing enterprises to leaders to effectively connect with staffs and customers, and sometimes to keep an eye on the competition. In this paper we conducted on how the corporate companies are recognizing that there is an opportunity to use internal social networks to motivate and retain talented employees, tap the…

    • 2844 Words
    • 12 Pages
    Best Essays
  • Best Essays

    Social Media Rocks!

    • 2329 Words
    • 10 Pages

    Social media marketing has become exceedingly popular among businesses of all sizes. Social media marketing offers many advantages—as well as disadvantages—for both businesses and entrepreneurs. Social media networks have helped Pepsi and other businesses reach new audiences and gain critical customer insight. Because social media will continue to impact businesses in years to come, unique, creative, and targeted skills are essential for continued business growth and profit. Social media has proven to be successful in recent advertising campaigns by Pepsi and Dove and within the music industry.…

    • 2329 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    E Marketing Plan

    • 3424 Words
    • 14 Pages

    Breman, Patricia. 2012. “Customer’s Use of Social Media.” Strategic Business Insights. Accessed March 31, http://www.strategicbusinessinsights.com/about/featured/2012/2012-03-socialmedia.shtml#.Uz-vByjvLQI…

    • 3424 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Social Media

    • 2499 Words
    • 10 Pages

    Facebook, being the number one top traffic social media site, is tracking around one trillion page views per month globally (Double Click Ad Planner by Google 2011), and tracking 615 million page views per month in Singapore (comScore, Inc 2013). With a total of 2.1 million unique visitors, it is reaching out to 65% of Singapore’s internet population and hence, if done correctly, social media platforms can be an empowering tool to enhance a small business network’s knowledge sharing, build social capital, support innovation and aid in problem solving and drive more earnings and income.…

    • 2499 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Thesis Emba

    • 1993 Words
    • 8 Pages

    Social media is a perfect extension of traditional networking; the big difference is that anyone can effectively extend themselves without geographical boundaries or personal introduction. Social media is also an extremely viable marketing solution that doesn’t require a large budget or extensive resources.…

    • 1993 Words
    • 8 Pages
    Satisfactory Essays