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Social Networking Sites: Guidelines For Creating New Business Opportunities Through Facebook, Twitter And LinkedIn

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  • Alina Daniela Mihalcea

    ()
    (College of Management, National University of Political Studies and Public Administration)

  • Rodica Maria Savulescu

    ()
    (College of Communication and Public Relations, National University of Political Studies and Public Administration)

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    Abstract

    The world is swiftly evolving. We now face the challenge of adapting the business sector to the increasingly dynamic transformation brought about by Web 2.0 technologies and social networks in particular. The extensive use of social networking sites (SNSs) such as Facebook, Twitter and LinkedIn has spawned questions regarding the possibility of using such new platforms in order to generate more business revenue. While it is demonstrated that social networking can be profitable for companies and their brands in terms of exposure, brand awareness and actual sales, it can also prove detrimental if not managed correctly. At the same time, SNSs can affect every aspects of the business environment, like product development, marketing communication or the process of recruiting. This article explores the characteristics of social media and their impact on business and proposes several guidelines for companies that decide to employ SNSs in their activity.

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    Bibliographic Info

    Article provided by College of Management, National University of Political Studies and Public Administration in its journal Management Dynamics in the Knowledge Economy.

    Volume (Year): 1 (2013)
    Issue (Month): 1 (May)
    Pages: 39-53

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    Handle: RePEc:nup:jrmdke:v:1:y:2013:i:1:p:39-53

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    Keywords: social media; SNSs; Facebook; Twitter; LinkedIn; business opportunities; communication; recruiting;

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    1. Anant Saxena & Uday Khanna, 2013. "Advertising on Social Network Sites: A Structural Equation Modelling Approach," Management Development Institute, , vol. 17(1), pages 17-25, March.
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