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Implications Of Social Media On Business Essay

703 Words3 Pages

The Implications of social media on the business.
Ever since the inception of Facebook almost a decade ago social media has been of the forefront of world communication. Not only has it made it easier for people to get in touch with one another but it has also had its effects on the business environment.
Social media is becoming increasingly vital to how the business communicates with its external environment and vice versa. It has helped perform with many tasks within the business with less emphasis being placed on location which has removed the major boundaries that businesses in the past where limited by in their quest for globalization. With recent surveys we have learnt of the large number of firms using social media not only for marketing purposes but also internally boosting productivity levels
External Implications
More and more businesses are turning to social media as a way to market …show more content…

The working class will place less importance of old practices such as e-mail as more and more social networks become more “business friendly and orientated”. Workers from the same firm may join groups where there are able to communicate and share ideas, suggestions and share skills and expertise that the businesses might have outsourced which could save the business a lot of resources, all this without being in the same location, this may lead to significant increases in levels of productivity. With the easy to use interfaces social media is less time consuming on the employee and business, too much personal use to lead to the inverse though. Social media management systems have made it easier for employees to manage all their accounts while giving them information to industry and work related news, and access to online training programs and webinars designed to bring employees up to speed on industry-specific compliance

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