Future or Fad: Social Networks for Business Applications

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    Future or Fad: Social Networks for Business Applications - Presentation Transcript

    1. Monica Xxxx, Sastry Xxxx, Ruth Xxxx, Mary Xxxx, Christopher Xxxx. February 24, 2009 Management Information Systems Dr. Xxxx, XXX-XXXXX
      • Internet or mobile-based social spaces
      • where people can connect,
      • communicate,
      • create and share content
      • with others. 1
      • All logos are registered trademarks
    2. Social Networks - Types
      • Profile
        • Centered on information about members
      • All logos are registered trademarks
      • Virtual
        • On-line, virtual interaction
      • Content
        • Centered around specific content
    3. Social Networks – Statistics 2
      • ftom Joshua Levine, Business Gets Social:
      • Corporate Usage of Web 2.0 Explodes,
      • January 08, 2008
    4. Social Networks - Function
      • Common elements include:
        • Member profile
        • Ability to add members to contact list
        • Supported interaction between members
      • Must join the “network”
      • Members share a common interest
    5. Social Networks - Function
      • Business opportunities include :
        • Target marketing
        • Focused customer service
        • Improved employee communication channels and productivity
        • May be used for screening candidates for employment
    6. Facebook - Infrastructure
      • Founded in February 2004
      • A social utility that helps people communicate more efficiently with their friends, family and coworkers
      • Digital mapping of a person’s social connections
      • Utilizes technologies that facilitate the sharing of information
      • No cost to sign up and people can interact with those they know and trust
    7. Facebook - Functionality
      • Core site functions include “Profile,” “Friends,” “Networks” and “Inbox”
      • Includes standard tools such as “Photos,” “Notes,” “Groups,” “Events” and “Posted items”
      • You can create an application, or upload an application created by another Facebook member
    8. Facebook - Design Technology
      • Uses the scripting language PHP to build dynamic pages
      • One of the largest MySQL installations using multi-language RPC framework
      • Easily connects multiple subsystems written in any language, running on any platform
      • It is the largest global user of the open-source caching system memcached
    9. Facebook - Interface Design
      • Offers a development platform enabling companies the chance to deeply integrate with its website ( www.facebook.com ) and access millions of users
      • Top priority is privacy, giving users the tools to control the flow of their information
    10. Social Networks - Sample
      • The Humane Society, the nation’s largest animal protection organization
        • The Human Society uses YouTube, Facebook and MySpace to post updates, blogs and videos
        • As part of its Facebook page
          • Visitors learn about activities through video and blog posts
        • As part of its MySpace page visitors
          • Donate using a widget
          • Sign a petition to end the slaughter of horses
          • Read about the recall of pet food on its blog
    11. Social Networks - Strengths
      • Build a strong community of customers/supporters and employees
      • Market feedback/data collected by Facebook
        • Targeted advertising
      • Can create a business profile and special promotions
      • Test market new products or ideas
    12. Social Networks - Strengths
      • Customer service
        • Provide support forum for customers
        • Post how-to videos for customers/users
      • Can use multiple mediums to promote brand awareness
      • Facebook, MySpace and YouTube are among the top ten most-trafficked sites in the world and in the top five in the US with 90 million active users sited for Facebook 3
    13. Social Networks - Weaknesses
      • Sites are uncensored/open forum
      • Security
      • Competitors malicious activity
      • Dedicated resources of time and money
      • Uncertain future
    14. Recommendation
      • Define clear strategies and objectives
        • Measure and understand results
      • Research and test the waters first
      • Monitor site
      • Gain a real understanding of the medium
      • Use tools such as Google Analytics or StatCounter to track traffic volume
      • Face to face is still more productive for internal business communication
    15. Thank You - Questions
      • Footnotes
      • 1. What are Social Networking Services, retrieved from http://fraser.typepad.com/socialtech/files/social-networking-overview.pdf .
      • 2. Social network statistics retrieved from http://www.changewave.com/freecontent/viewalliance.html?source=/freecontent/2008/01/alliance-010808-Business_Gets_Social.html#top
      • 3. Social network usage retrieved from Facebook fact sheet and http://www.alexa.com/site/ds/top_sites?ts_mode=global&lang=none
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