Business Finance
Social Networking Sites Research Paper

Question Description

I’m studying for my Business class and need an explanation.

Social networking sites are fast becoming corporate resources. Consider how Facebook may be used by an organization. Can you think of different ways in which organizations such as Coca-Cola, KFC, or Bank of America can use social networking? What are network effects?

If you were the chief executive officer of a Fortune 500 company, would you be comfortable using social media sites like Facebook or LinkedIn as part of your CRM strategy? Why or why not?

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Final Answer

Hello buddy, here is the completed assignment. I will be around to help with the edits and future questions. Goodbye and stay safe!

Running Head: SOCIAL NETWORKING SITES

Social Networking Sites
Student`s Name
Institution Affiliations

1

SOCIAL NETWORKING SITES

2
Social Networking Sites

Social network sites are web developed services that enable businesses to create a profile
that enhances interactions with the customers. Thus, organizations can use these sites to
strengthen the ties with individual customers, while also creating a competitive digital
environment. Such an environment ensures the easy capture and spread of information in
addition to providing high quality and satisfactory answers to customer enquiries (Nimmermann,
2020). Moreover, the SMS can be applied to introduce changes in the employer-employee
relationship.
SNS are increasingly being employed at...

ProfHenryM (16617)
University of Virginia

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