User:Paige5678/Corporate social media

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'Editing: Within the definition of social media there are varies types of them. Although there is no systematic way in which social media applications can be categorized.'

Edited to: Within the definition of social media, there are different ways corporations utilize it. Although there is no systematic way in which social media applications can be categorized, there are various methods and approaches to having a strong social media presence.

'Editing: According to an article by the Harvard Business Review, "Fifty-eight percent of companies are currently engaged in social networks like Facebook, micro blogs like Twitter, and sharing multimedia on platforms such as YouTube." The Harvard Business Review cites an additional 21% of companies as being in the process of implementing a formal social media initiative.'

Edited to: According to research conducted in 2021, 91.9 percent of marketing employees working for large corporations (100 or more people) use social media on a daily basis in their jobs. This statistic has changed a lot over the years, and continues to grow. Using social media in one's corporate job isn't just common, it's required and expected in most every corporation in the United States. Budgets for utilizing corporate social media is growing every year by millions of dollars. Jobs like social media managers and coordinators have made it so this is an entire department of a company. It goes hand in hand with the marketing, communications, and PR teams in order to optimize strategies for the corporation to be connected to their audience.

Editing:  Policies -The widespread and growing use of social media by corporations is resulting in the development and implementation of formal written policies.

Edited to: Social media has grown rapidly over the last decade and has become an integral component of business models. Because of the global use of social media, corporations are developing and implementing formal written policies for how their corporation will present itself on social media. In addition to this, corporations are often conscious about how their employees present themselves and their company on social media. Before social media, a company had complete control with what they communicated to the public. Now, virtually any employee can speak on behalf of the company, even without proper permission or following protocol. This can create conflict between corporate policy and those in decision making roles versus employees.

'Editing: Benefits and Risks - Despite the identified risks associated with social media, corporations are recognizing the benefits associated with adopting a corporate social media strategy. Benefits include lower cost and more effective marketing and advertising initiatives.....'

'As a result, corporations are investing at an increasing rate in social business software and services. The belief is that the benefits outweigh the potential risks of bad press, customer complaints, and brand bashing.'

Benefits also include, being able to be more one on one with the consumers and being able to talk directly to them, it makes companies seem more reliable and open to work with consumers.

Edited to: Despite there being risks to consider when utilizing social media, corporations are identifying the benefits associates with adopting a comprehensive corporate social media strategy. Benefits include lower cost and more effective, personal, and engaging marketing and advertising initiatives.......

As a result, corporations are investing at an increasing rate in social media software and external services to strengthen their online presence.

Benefits also include being able to interact one on one with the consumers and talking directly to them through social media platforms. This creates trust in businesses and gives customers more chances to build loyalty and commitment to a brand.