In this article, the author
describes how social media can transform a business. Now “transform” seems like
a very big word to be using, but with the points he lays out, and with the
right usage, I think social media can truly transform some businesses. He
outlines that there are “5 key pillars” to the foundation of future business
infrastructure.
1 . Vision and leadership
2 . Engaged customers
3 . Empowered employees
4 . Collaborative innovation
5. Internal agility in
processes, systems, and decision making
These are very crucial to any
business and can surely be accomplished through the networking and marketing of
social media. He goes on to explain how social media is “homogeneous” to today’s
corporations. It is a way for businesses to facilitate a more “person to
person” connection with its clients. In fact, there are many business models
who promote an almost cult following of their business. For example Siracha hot sauce, it tastes like any
other hot sauce you could get at the store but through social media, they have
been able to generate a very loyal fan base.
The next article the author
outlines a few key points as to why the use of social media in your
organization is vital to its success. He points out that the work force and
consumer age is changing. The baby boomers have been the most prominent work
force/consumers for the past 50 years. Now that the baby boomer generation is
approaching retirement age, the next largest generation is generation Y, also
known as millennials. He explains “There are over two billion globally, over 40% of them in
the United States are of non-Caucasian descent and they are extremely
accustomed to the use of technology. This generation has never known a
world without electronic communication, instant messaging and the
Internet. They are referred to as “digital natives” and they expect
everything within a matter of seconds and understand that news from an hour ago
is ancient. They are always connected through their smart phones,
laptops, and Pad devices.” He goes on to explain that “over 22% of millennials”
are on social media every day connection with friends, family, organizations,
and businesses alike.
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