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Gen Y and Connected Consumers – A Study of their Opinion Management in Social Media
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Gen Y and Connected Consumers – A Study of their Opinion Management in Social Media

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A Study of opinion generation and opinion management through opinion leaders in social media

A Study of opinion generation and opinion management through opinion leaders in social media

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Gen Y and Connected Consumers – A Study of their Opinion Management in Social Media Gen Y and Connected Consumers – A Study of their Opinion Management in Social Media Presentation Transcript

  • 2nd International Conference On Business & Information Management  9th and  10th  January 2014 Organized By:National  Institute Of Technology  Durgapur
  • Gen Y and Connected Consumers – A Study of their Opinion Management in Social Media
  • Social media statistics • 59% update their social status in class. • They are 3x as likely to follow a brand over a family member in social networks. • Gen y believes other consumers care more about their opinions than companies do, which is a reason why they share their opinions in social networks. • India has 60% of Facebook users who are under the age 25, with barely 12% over the age of 35. Facebook continues to dominate India’s social media landscape with more than 60 million active users, • India in the third place on the global rankings by number of internet users though and this number is continuing to rise by at least 1.5 million users per month. Source- June 2012 IMAI ( International mobile association of India )& social baker & facebook ad planner reports
  • Reasons for going onlineAccording to TIMES OF INDIA 2012Two reasons for going online in India, 87% say communication, & 67% say social networking.
  • Characteristics of Internet• Instantaneousness, • Interactivity, • Openness, • Fictitiousness and • Abruptness which makes it hugely popular among the young generation as a tool for communication and sharing of opinions. A free market place of ideas where opinions can be exchanged and discussed, and thus giving rise to the concept of connected consumers of information.
  • Literature review- • The concept of public opinion is closely connected to the concept of public sphere ,which resulted in the rise of the "public" as described by Habermas. • The two-step flow had become the “dominant paradigm” of media sociology and one of the earliest theories in opinion generation. • Kotler (1998) defined “opinion leader” as: people who can influence members in the social community because of special techniques, knowledge, personalities, and other uniqueness.
  • The Two Step Flow Theory 1.Information can be transferred not only by medium but also by interpersonal communication network. 2. There is an interface between the medium and the interpersonal communication network, And the interface is the opinion leader; and 3. The influences of opinion leaders and interpersonal communication network on information communication and individuals’ decision are far larger
  • Opinion flow in social media In case of social media opinion leadership acts in many ways. Christakis and Fowler (2010) have identified five rules of “life in the network”: (1) We shape our network, (2) Our network shapes us, (3) Our friends affect us, (4) Our friends' friends' friends affect us, and (5) The network has a life of its own.
  • Objective – Trace the rise of social media as a tool for opinion generation. – How the concept of public opinion and opinion leaders have created connected consumers of gen Y in social media.
  • Research methodology • Conduct a survey of 300 random samples from a population which consisted of Industrial area of Durgapur and a metro city Kolkata, among the Industry Professionals and young students. • To find out the rise of social media websites as tool for opinion generation, the researcher performed chi square analysis.
  • Evolution of social media as a tool for opinion generation The Organization for Economic Cooperation and Development names three basic requirements of user-generated content: 1.The content must be made publicly available, 2. The content creation must involve some creative effort. 3. The content must be created outside of professional routines and practices
  • Types of social media Kaplan and Haenlein identified and described six types of social media. 1. 2. 3. 4. 5. 6. Collaborative projects, Blogs and micro-blogs, Content communities, Social network services, Virtual game worlds, Virtual social worlds:
  • Social media presence and disclosure through networking
  • Opinion formation through networking in social media Honeycomb of the seven building blocks as developed by Kietzmann et al.
  • Survey• Most of the respondents were between age 17- 25 years who used social media. Almost all of the respondents answered unanimously on the usage of facebook, LinkedIn and twitter as the primary tool for communication and also for opinion sharing on various issues. • On their time of usage most of the respondents answered between 2- 3 hrs daily, while the least said less than 30 mins
  • The Results Q1. How often do you consult social media sites for your need? Q2. How often do you believe these social networking sites? Q3. How often do you give your opinions on various issues in social media websites? Q4. How often do you typically feel that these social media websites have helped you in your opinion formation on various issues? Q5. Opinion management has become an important tool in social media- what 9s your view. Q6. How often opinion leaders have helped you in taking decisions in social media? Questions 1. 2. 3. 4. 5. 6. Very often 87 95 100 86 22 45 Often Sometimes Rarely Never 112 104 116 97 24 89 61 58 54 78 111 66 34 32 23 26 87 68 6 11 7 13 56 32.
  • The Opinion on usage of social media platforms • Opinion sharing on issues like recent nomination of Modi as the future prime minister, results of the Delhi rape case, price hike of onion and petrol and its future impact on the economy has been the most discussed topic. Even marketing related issues like opinion about a particular product or service has been discussed before using them. • The respondents were divided on usage of social media platforms as many told that they believed social media sites like facebook and LinkedIn as they relied more on friends and referrals whereas many others pointed out they relied more on blogs and micro blogs as they felt it gave a neutral point of view. When asked who do they think are the opinion leaders in social media sites, they said they feel that although many are from their personal contacts but there decisions in many cases have been influenced by various experts in a particular domain, or reviews online or even chatting with the company or marketing heads through skype.
  • The opinion on opinion leaders • • • • • • Somewhere the opinion leaders, who are mostly faceless, have been successful in influencing their decisions. Many visited company websites too to get an opinion. Many respondents said that they too gave an opinion after the use of the product so that the other users too get an idea. Many respondents have even seen the number of likes on a particular issue and had considered it as an opinion. The respondents praised the concept of Times of India whereby people gain points on commenting on various issues and are given names like wordsmith, influencer, leader etc based on their acceptance of opinions among the readers Positively affecting factors like sentiments about the business, loyalty and propensity to trial new products eaders and so on.
  • Chi-square Analysis of the result. Q1. Q2. Q3. Q4. Q5. Q6. Value of chi square 117.11 105.84 149.18 95.58. 101.44. 32.51. A chi square analysis was done where the expected and the observed value of use of social media .was calculated. The expected value of 300 random samples was found to be 60. And the value of chi square at 5% level of significance with 4 degrees of freedom was found to be 9.488. The researcher has analyzed that if the value of chi square of each responses comes out to be more than 9.488, the results will show a positive indication towards the rise of social media websites as tool for opinion generation.
  • Conclusion Though opinion sharing is highly popular among the young generation through social media and the reliability quotient is also high; but the concept of opinion leaders in social media is yet to gain acceptance.
  • Thank you. Presented By: Mou Mukherjee Das Assistant Professor, Journalism and Mass Communication. Aliah University, Kolkata. mou.mukherjeedas@gmail.com