- Working (in a - for a - with a) company is boring no more ;
- People can interact only with living objects (or virtual maybe) ;
With over billions of internet users, millions of social media subscribers each year this space of Social Media is not new to anyone. The only hurdle being, 'A' can only interact with 'B' where 'A' is a person and 'B' is a virtual self of a person. Using social medias Companies are personified and it helps people to understand better the Company inside out.
- Using Social Networking with Business Partners ;
A company 'X Ltd.' has a vendor 'P Ltd.' and vendor 'Q Ltd.' . Both the vendors supply Raw Materials to 'X Ltd.' .
- Human Resource Management ;
- Societal Reachability ;
- Identify the needs of the business (like Employee Satisfaction, Customer Relations, Effective Communication, Marketing).
- Determine tools of Social media for each requirement.
- Analyse and forecast benefits and problems of each media to be introduced.
- Departmentalize medias as per media instrumrents : (eg. A separate department Handling Information posted on Web pages publically diaplayed like FB page, Twitter, Wikipedia. Another department handling Multi-Media Sharing like Ads put up on Youtube, Podcasts, Webinars, etc.)
- Appointing a Fiduciary Audit Associate in order to monitor such activities and Assessing Return On Investment.