Tags

Hello Social Marketing, bye-bye traditional Marketing ! The use of social media in business have grew tremendously over the years with over 93% of marketers use them for business according to statistics by (Fast Company, 2013). Some of the advantages of social marketing are stated HERE

The statistics below shows the impact social media has towards businesses.

the-2012-state-of-inbound-marketing-webinar-26-728

Source: http://www.slideshare.net/HubSpot/the-2012-state-of-inbound-marketing-webinar

While social media is not the silver
bullet that some pundits claim it to
be, it is an extremely important
& relatively low cost touch point
that has a direct impact on sales
& positive word of mouth.

By: JOSH MENDELSOHN
VICE PRESIDENT
CHADWICK MARTIN BAILEY 

This shows how social media can plays a huge role in getting more customers on board through word of mouth and getting new customers beyond what is restricted in the originate country.

As such, it is important for the company to conduct themselves well in the online world for the sake of their reputation. As much as word of mouth can bring in customers, it can also creates negative image of the company. The benefits of a good corporate reputation can be found HERE.

Using social media in a responsible way.

According to  (Institute of Business Ethics, 2011), Companies should devise policies to educate their employees on personal social media habits, including refraining from posting job-related stuffs or words that can damage the company’s reputation. Administrators managing the social account of the company should be advised on the correct behavior on the site. The policy should be aware by everybody in the company and reviewed regularly based on feedback.

Blogging4Jobs gives many examples of employee being fired over ‘inappropriate’ comments on social media.

Employers role is to keep employees happy by taking their feedback seriously and take action. A disgruntled employee can do harm to the company by vending their frustrations online.

(CSID.com) provides a few tips companies can adopt to mitigate the concern on using social media carelessly.

  • Consider requiring that employees make separate personal and professional accounts. (Multiple online identities)
  • Require that social media passwords must be different from work logins. Employees should not reuse work emails and passwords for personal sites.
  • Make sure that the corporate social media accounts are the most popular. In this way customers and other consumers may recognize the organization’s statements as reflective of corporate conscious.
  • Offer social media training that increases their information literacy, and allows them to understand that actions (or speech) have consequences.

Customers often likes to post comments on the company social media sites if they met with bad experience companies have to be careful in their response to avoid further aggravation. The matter can go out of proportion if not handled well. This incident in Singapore involving Starbucks is  interesting as the company is bold in defending its staff amid complaints by the students. The approach by Starbucks did not drew criticism but applause from many people.

Story can be found HERE.

While we are given the freedom of speech in the online world, we must be aware of the dire consequences we could have create due to our ‘carelessness’ in our messages that me misinterpret as ‘inappropriate’. Some companies actually monitor their employees social media movement. which comes into another question, is this ethical for employers to do that?

References

120 Awesome Marketing Stats, Chart and Graphs. (2014). 1st ed. [ebook] p.55. Available at: http://cdn2.hubspot.net/hub/53/blog/docs/ebooks/120-marketing-stats-charts-and-graphs.pdf [Accessed 5 Dec. 2014].

Cooper, B. and Cooper, B. (2013). 10 Surprising Social Media Statistics That Will Make You Rethink Your Social Strategy. [online] Fast Company. Available at: http://www.fastcompany.com/3021749/work-smart/10-surprising-social-media-statistics-that-will-make-you-rethink-your-social-stra [Accessed 5 Dec. 2014].

Csid.com, (2014). Employee Social Media Use Can Affect Small Business Reputation. [online] Available at: http://www.csid.com/2014/06/employee-social-media-use-can-affect-small-business-reputation/ [Accessed 5 Dec. 2014].

Harrison, K. (2014). Corporate Reputation :: Why a good corporate reputation is important to your organization. [online] Cuttingedgepr.com. Available at: http://www.cuttingedgepr.com/articles/corprep_important.asp [Accessed 5 Dec. 2014].

Slideshare.net, (2014). The 2012 State of Inbound Marketing Webinar. [online] Available at: http://www.slideshare.net/HubSpot/the-2012-state-of-inbound-marketing-webinar [Accessed 5 Dec. 2014].

Socialmediaworks.com, (2014). Social Media Marketing – Traditional Marketing | Social Media Works. [online] Available at: http://www.socialmediaworks.com/news-tools-tips/social-media-marketing-tips/ [Accessed 5 Dec. 2014].

The Ethical Challenges of Social Media. (2014). 1st ed. [ebook] Institute of Business Ethics. Available at: http://www.ibe.org.uk/userassets/briefings/ibe_briefing_22_the_ethical_challenges_of_social_media.pdf [Accessed 5 Dec. 2014].