I would definitely say that social networking sites
like Facebook, MySpace, and LinkedIn are using disruptive technology to run
their business. These sites give
customers a new way to do things. These sites actually addict people to their
sites by creating online communities.
Some business challenges concerning social
networking sites are that businesses now need to monitor social networking
sites. Something that is posted negatively about a business or company could be
seen by millions of people in a matter of seconds. Most large companies now have a team of
people that monitor social networking sites 24/7. They are trained in how to solve issues that
come up on sites like these. Another issue is that some people are addicted to
these sites. This could cause
unproductive workers. Blocking or
monitoring social networking sites usage can avoid business challenges like
these.
Some characteristics of a social network are online
communities where users of the same interest, education, jobs, etc can connect
and network. These sites allow users to
share information and connect with people that they meet on the sites along
with people they know. Some security
issues are that people can access other peoples personal information with a few
clicks. Also, social networks are more prone to be hacked due to all the
information that can be shared in the sites.
Some current social networking trends include
updating where you are at a certain location, liking a company on facebook and
getting a coupon or discount, and viral
videos. These are all created by the
consumer. Consumers demand these
advancements and are created and people become attached and cannot live without
them.
Social networking sites can generate revenue by all
the add- on applications costing money to use or add features. Facebook has feature where you can purchase
gifts to send to friends for birthdays etc.
Lastly, companies can add coupons that are printed from their social
networking page that can only be used in the store or online by the social
network user. These target them to go
out to the site and get those coupons.
Social networking change day to day. There is always
a new update or new feature added daily.
New companies are like Google
Chrome are trying to capture the market
by adding features that existing social networks don’t have. This disruptive technology has definitely
taken over the world!