Social Media your purchase.
With the advent of social media websites, many business administrators struggle to implement a workable and feasible approach of implementing social networking sites into their business models. Managers and consultants must work collaboratively to identify sound means of incorporating computerized technologies that support and foster profitable utilization of social networking sites such as Facebook, Twitter, and YouTube. Yet, despite the widespread and pervasive consumption of social media, many business owners simply fail to understand what social media involves, and, more importantly, how to successfully involve social media resources into their businesses.
This paper will first define and describe social media, explain how social media differs from similar concepts, such as User Generated Content and Web 2.0, explain the importance of social media inclusion in today's business models, and provide a viable approach to implementing the requisite and necessary tools to maximize customer satisfaction with social media outlets at a small airport.
Introduction:
For most of the 20th century, people acquired information, news, education and entertainment, through traditional means of media; newsprint, television, film, and radio. These traditional media outlets are, for the most part, highly dependent on the availability of specialized resources for creation and marketing; not everyone can afford to produce a television show, a radio talk show, or a newspaper without significantly vested resources. Toward the end of the 20th century, these types of industrialized media outlets were becoming usurped by internet-based communications while people began to explore internet-based options for media consumption activities as the pervasiveness of internet-based technologies increased exponentially. Relatively inexpensive and easily accessible modes of communication became mainstream as people of all ages, ethnicities, and socio-economic status realized the unique characteristics of social media resources; the ability to publish and access information instantly, and to communicate over great distances in an asynchronous environment.
A recent addition to the gamut of communication modalities is the so called "Computer-Mediated Communication" whereby "a wide range of technologies that facilitate both human communication and the interactive sharing of information through computer networks, including e-mail, discussion groups, newsgroups, chat, instant messages, and Web pages" (Barnes, 2003, p. 4). These computer generated communications are becoming increasingly more frequent in our technological society.
Hybels & Weaver (2007) note two distinctly important and unique attributes to Computer-Mediated Communication; it is both asynchronous and provides a type of social leveling that allows all individuals an equal position because social status cues are not apparent. Examples of Computer-Mediated Communication include communicating via text messages, through email, or social networking internet sites such as Facebook or MySpace.
Social media is both a recent addition to the influx of interactive online technologies and an instant mainstay in popular culture. Given the ubiquitous distribution of social media in the last decade, it is imperative that business operators understand and appreciate the importance of social media resources. Further, business investors and operators alike must recognize the advertising and promotional opportunities available from implementing and maintaining a social media-friendly business.
What is social media?
While there seems to be little consensus as to what, exactly, "social media" means, Kaplan & Haenlein (2010, pg. 61) define Social Media as "a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange of User Generated Content." According to Lawerence (2010) "94% of executives report that they are using Web 2.0 technologies to boost their internal communications specifically for: managing knowledge (83%), fostering collaboration across the company (78%), enhancing company culture (74%), and training (71%)." While only 87% of business executives utilize Web 2.0 applications and tools for interfacing, 73% say their goal is to improving customer service, 71% do it to acquire new customers in existing markets, 53% to generate customer participation in product development, 53% to let customers interact, and 23% for other customer interactions (Lawerence, 2010)
Social media, then, is primarily a means to maintain social interactions utilizing widely available and highly scalable internet publishing tools. Using web-based technologies to create a venue for interactive discourse and dialogues, social media sites provide end users the ability to create and generate media-based content and utilize the vast resources available in internet-based forums. As a type of "consumer-generated media," then, social media allows individuals to tailor-fit the type of information as well as the delivery of information sought. In this way, technology and social attributes contribute to a value-laden creation by the end user; the customer is the consumer and creator of their own consumption.
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