What is Social Media?
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Transcript of What is Social Media?
![Page 1: What is Social Media?](https://reader036.fdocuments.us/reader036/viewer/2022070321/558e70ad1a28ab54638b466c/html5/thumbnails/1.jpg)
www.simplify360.com
Stage 1
ThePreliminaryRound
Team Name: Mavericks
Name of first member: Prabhu Dass F JCollege Name: Symbiosis Institute of Management Studies
Name of second member: Madhurima KanjilalCollege Name:Symbiosis Institute of Management Studies
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Mr. Andy’s day out…(Today’s Social media)
Andy is eating donut
Andy likes Donuts
Andy is at Dunkin Donuts
Andy captures his moment at Dunkin Donuts
Andy records his activities at Dunkin Donuts
Andy’s Donut recipe
Andy wants to know the best Donut recipe
Andy’s Donut making skills
Wow.. My friend is also here at Dunkin Donuts
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Changing Trends and Shocking figures
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Roles of Social Media
Connect with family and friends
To follow trends and to find product reviews & information
Gives marketers a voice and a way to communicate with peers, customers and potential consumers.
Recruitment & Selection.
Platform to conduct business
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Impact on Business
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Impact on Business ( Contd…)
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04/13/2023
B2B Statistic
s
Shattering B2B myths
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SWOT Analysis
S
W
Large market reach or penetration Easy to set up Direct contact with audience Lets you follow and connect with people/groups that
interest you Has developers creating hundreds of applications around
its API “Brand” becomes more HUMAN
Tough to train or convince management team/group members on social media principles
Has low retention rate. Only 40% The time-frame to correct errors that affect your audience
is less. Blocked at many work sites: management sees it drops
productivity; hurts bottom line
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Opportunities & Threats
O
T
Creating/joining online presence on sites where the company currently doesn’t exist
Untapped New target or niche markets Promotions, news, events that can be offered through
social media platforms Penetration into a new geographical market quickly May become the dominant way for businesses to
communicate with their customers
Macro factors such as economy, will this affect your user base
Heavy Competition Too much publicity in a short time. May get burned out Has no solid revenue model Acquisition by a bigger player (Google) may disappoint
early adopters and loyal users
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Thank You