do social media sites do more harm than benefit in the business world
Post on 15-Sep-2014
314 views
DESCRIPTION
TRANSCRIPT
![Page 1: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/1.jpg)
Photo Credit: Jason A. Howie (flickr)
![Page 2: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/2.jpg)
Currently, more than one-fifth of all jobs in the U.S. are posted to Social Networking sites…
Photo Credit: photologue_np (flickr)
![Page 3: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/3.jpg)
…With the top three sites being:
LinkedIn 77% Twitter 54% Facebook 25%
Photo Credit: TheSeafarer (fliker)
![Page 4: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/4.jpg)
According to Software & Information Industry Association…
…98 percent of companies are now using social media Photo Credit: vagawi (flickr)
![Page 5: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/5.jpg)
over the last few Years…
…Social Media sites have been linked to many problems that occur in a business.
Photo Credit: pasukaru76 (flickr)
![Page 6: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/6.jpg)
Photo Credit: Robert S. Donovan (flickr)
![Page 7: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/7.jpg)
This amounts to
almost 5% of a
businesses annual
salaries expense
Photo Credit: twodolla (flickr)
![Page 8: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/8.jpg)
In 2012 study conducted by Norton, it was revealed that �cybercrime was estimated at about $110 Billion annually…�
Photo Credit: elhombredenegro (flickr)
![Page 9: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/9.jpg)
… this means
companies have to
watch and be aware 24/7
of threats and hacks
on their social
media sites
Hackers are
attracted to social
networking sites because
they see the potential to
commit fraud…
Photo Credit: steve p2008 (flickr)
![Page 10: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/10.jpg)
There have been many instances where social media has caused companies public relation nightmares
Photo Credit: HarshLight (flickr)
![Page 11: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/11.jpg)
In January 2012, McDonalds launched a Twitter campaign using the hashtag #McDStories. It was hoping that the hashtag would inspire heart-warming stories about Happy Meals The campaign was pulled 2 hours later after the hashtag turned into a bashtag. A few of the tweets included:
-One time I walked into McDonalds and I could smell Type 2 diabetes floating in the air and I threw up. #McDStories -These #McDStories never get old, kinda like a box of McDonald’s 10 piece Chicken McNuggets left in the sun for a week -#McDStories I lost 50lbs in 6 months after I quit working and eating at McDonald’s
Photo Credit: björn hornemann (flickr)
![Page 12: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/12.jpg)
Or even this photo taken at a Burger King in Mayfield Heights,
Ohio in July 2012 which damaged the
companies brand and image
Photo Credit: hZp://www.4chan.org
![Page 13: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/13.jpg)
However, Social Media does have a good side...
Photo Credit: kennyma]c (flickr)
![Page 14: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/14.jpg)
According to a recent survey, you are 51% more likely…
…to purchase a companies product after liking it on Facebook ...
Photo Credit: Tall Chris (flickr)
![Page 15: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/15.jpg)
... and 60% more likely to recommend it to a friend
Photo Credit: NJ.. (flickr)
![Page 16: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/16.jpg)
Social media provides access to audiences your business might not otherwise have access to, only through expensive methods, or perhaps not even at all
Photo Credit: Compujeramey (flickr)
![Page 17: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/17.jpg)
This not only saves money, but allows for free adver]sements and promo]ons on these sites
Photo Credit: leateds (flickr)
![Page 18: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/18.jpg)
Social networks help build relationships as they !have fans, followers and friends who participate !in discussions…!
Photo Credit: GoodNCrazy (flickr)
![Page 19: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/19.jpg)
…they become more attached, leading to stronger and deeper !commitments and relationships with the business. !
Photo Credit: Yandle (flickr)
![Page 20: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/20.jpg)
Social media can
assist
in a businesses e
ffort of
providing to the
community
and its own socia
l good…
Photo Credit: ivanatman (flickr)
![Page 21: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/21.jpg)
…In February 2013, Bell Canada raised over $4.8 million for mental health programs after they promised to donate 5 cents for each text, tweet and facebook share
Photo Credit: Ryan Tir (flickr)
![Page 22: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/22.jpg)
But what does this all mean!
Photo Credit: Eleaf (flickr)
![Page 23: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/23.jpg)
Believe it or not, there are still huge opportunities that businesses with social media platforms are missing out on.
Photo Credit: Ben Husmann (flickr)
![Page 24: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/24.jpg)
With 80% of consumers preferring to connect with brands through social media sites like Facebook and 56% of customer tweets to companies being ignored…
Photo Credit: misnyoT (flickr)
![Page 25: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/25.jpg)
…Small to mid-sized businesses plan to increase
Photo Credit: Gudlyf (flickr)
![Page 26: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/26.jpg)
With social media presence still on the rise, harm or benefit, it is clear
-Greg Grusby
Photo Credit: Counse (flickr)
![Page 27: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/27.jpg)
All images are licensed under the Crea]ve Commons
Non-‐Commercial Share-‐Alike 3.0 agreement, and sourced
from flickr
![Page 28: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/28.jpg)
Sources • "Social Media And Jobs." Computerworld 46.15 (2012): 28. Canadian
Reference Centre. Web. 15 May 2013. • " Consumers Engaged Via Social Media Are More Likely To Buy,
Recommend." The CMB Research Blog. N.p., n.d. Web. 15 May 2013. <hZp://blog.cmbinfo.com/press-‐center-‐content/bid/46920/Consumers-‐Engaged-‐Via-‐Social-‐Media-‐Are-‐More-‐Likely-‐To-‐Buy-‐Recommend>.
• Altman, Randi. "Are you being social: if you aren't, you need to be ... for the health of your business." Post Feb. 2013: 22+. Academic OneFile. Web. 16 May 2013.
• "Businesses Lose An Average Of $65,000 Per Year To Workers Using Social Media Reveals Spam]tan's Social Media Calculator; Almost 5% Of Salaries Bill Is Spent On Personal Social Media Ac]vity." M2 Presswire (n.d.): NA. Gale: InfoTrac OneFile (HITS). Web. 16 May 2013.
• Dugan, Lauren. "Only 44% Of Customer Ques]ons On TwiZer Are Answered Within 24 Hours [STUDY] -‐ AllTwiZer." mediabistro.com: jobs, classes, community and news for media professionals. N.p., n.d. Web. 13 May 2013. <hZp://www.mediabistro.com/alltwiZer/customer-‐service-‐twiZer-‐top-‐retailers_b23362>.
![Page 29: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/29.jpg)
…Sources con]nued… • Hill, Kashmir. "#McDStories: When A Hashtag Becomes A Bashtag -‐
Forbes." InformaDon for the World's Business Leaders -‐ Forbes.com. N.p., n.d. Web. 16 May 2013. <hZp://www.forbes.com/sites/kashmirhill/2012/01/24/mcdstories-‐when-‐a-‐hashtag-‐becomes-‐a-‐bashtag/>.
• Symantec. "2012 Norton Study: Consumer Cybercrime Es]mated at $110 Billion Annually." Endpoint, Cloud, Mobile & Virtual Security SoluDons | Symantec. N.p., n.d. Web. 12 May 2013. <hZp://www.symantec.com/about/news/release/ar]cle.jsp?prid=20120905_02>.
• Kelleher, David. "5 Problems with Social Networking in the Workplace -‐ Informa]on Management Special Reports Ar]cle." InformaDon Management | IT Business News. N.p., n.d. Web. 15 May 2013. <hZp://www.informa]on-‐management.com/specialreports/2009_165/social_networking_media-‐10016208-‐1.html?pg=1>.
• REH, ROBERT. "Social Media Risks And Rewards." Credit Union Magazine 76.12 (2010): 60. MasterFILE Complete. Web. 15 May 2013.
![Page 30: Do social media sites do more harm than benefit in the business world](https://reader034.vdocuments.site/reader034/viewer/2022051512/54166ae97bef0ac1768b7ffa/html5/thumbnails/30.jpg)
…Sources con]nued • Marke]ngCharts. "SMBs to Increase Marke]ng Efforts on Mobile, Social
Media." MarkeDngCharts: charts & data for marketers in online, Excel and PowerPoint formats. N.p., n.d. Web. 13 May 2013. <hZp://www.marke]ngcharts.com/wp/interac]ve/smbs-‐to-‐increase-‐marke]ng-‐efforts-‐on-‐mobile-‐social-‐media-‐23561/>.
• CTVNews. "More than $4.8M raised for mental health during Bell Let's Talk Day | CTV News ." CTV News | Top Stories -‐ Breaking News -‐ Top News Headlines. N.p., n.d. Web. 17 May 2013. <hZp://www.ctvnews.ca/health/more-‐than-‐4-‐8m-‐raised-‐for-‐mental-‐health-‐during-‐bell-‐let-‐s-‐talk-‐day-‐1.1154801>.
• StaZ, Nick. "Businesses Think They 'Get' Social Media. Do You? – ReadWrite." Web Apps, Web Technology Trends, Social Networking and Social Media – ReadWrite. N.p., n.d. Web. 17 May 2013. <hZp://readwrite.com/2013/03/01/businesses-‐finally-‐get-‐social-‐media>.