Who has ever sat back and thought what social media may offer in the near future or what other new platforms may exist in the coming future. Well I have, have you? Now consider this, dating websites are known as a totally different platform for many years now where specific websites are designed and developed just for dating purposes. Whereas the social media platform of Facebook was designed for the purpose of users connecting with one another throughout the world. However, Facebook has now announced that they are integrating a dating feature into its social media platform where users from around the world will be able to view compatible matches who are making use of the dating feature. This is a great stepping stone towards future growth of the company as it is something that is outstanding and Facebook is the first to offer this feature compared to other social media platforms, giving Facebook a competitive advantage.
Once upon a time, store flyers were delivered on a weekly basis, house to house, to aware consumers about what sales were going on in store so that they could take advantage. There also was a time, where families would tune into TV stations at a specific time of the day so they could watch their favourite TV shows and commercial ads of various companies to know what new products are in store. With the world developing into the modern era, now comes a day where a well-known company Calvin Klein is says bye-bye to its print ads, and are focusing solely on digital media marketing. Calvin Klein has just announced that they will be focusing on a digital-first media strategy beginning in February 2019.
Who would have thought that social media would be used for business purposes in reaching a company’s goals and objectives? As social media started to become popular around 2005, people from around the world had a platform where they could share life events with one another. As various platforms came into existence such as Facebook, Instagram, Snapchat, WhatsApp, communication between individuals increased and it became a thing to do with much more ease. During this time, as social media was still developing in today’s modern world, organizations saw an opportunity to connect with its consumers and create brand awareness. Considering Facebook, if you recall, there was a point in time where organizations would share posts in regards to advertising their business just a normal Facebook user. Social media metrics were developed not too long ago by social media platforms as it gave benefits to both the users (companies), and the social media platforms themselves as it enabled both to increase profits and gain more insight in regards to specific posts. Adidas had been taking advantage of Facebook Messenger and Whatsapp to engage with its customers. They used these platforms to measure engagement rates, view-through rates, and how many views are generated.
Communication between an organization, its suppliers and stakeholders are an essential component to any business. Effective and efficient communication is what leads a company to reach its target goals and build a strong business to business relationship. According to TechTarget “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible.” Throughout the process many companies do not release any information to the consumer until the final product has been created. However in the modern age today with various social media platforms available throughout the world, Adidas and FIFA are using social media in supply chain manage to interact with not only its consumers, but all internal and external stakeholders of the company as well and have noticed positive results. Now as complicated as it sounds you may be wondering how did Adidas and FIFA use social media in supply chain management? Well read on to find more information!
In June of 2006, I moved to Fort St. John to be closer to family. The economy here was booming and the oil and gas sector was the cause. My nephew, his wife and their 5 children were here and I was looking forward to spending time with them and helping out. Sadly, my nephew and his family were transferred on July 1, 2006 to Prince George. I found myself alone in a place I hardly knew. Years ago, my Mom had told me that the best way to meet people was through volunteering. The next thing I knew I was volunteering at the Fort St. John Women’s Resource Society (FSJWRS). It was not what I expected. I had this preconceived notion that this organization was full of male bashing women. Boy, I was really wrong. The volunteers came from all walks of life and were in different stages of life. Some had been single, others had young families, some were widows and many had successful long-term relationships with their spouses. These women were extremely supportive of one another and had a wealth of knowledge. The goal is to empower women and girls by providing tools that would improve the quality of their lives. Social media has been used to build the brand, inform and educate however there is so much more that could be done.
Growing up in Toronto, Ontario I thought taxis/cabs were just for people to go from an origin to a certain destination because they did not have a car, or needed a ride from/to the airport because they had to leave their car behind. I grew up in a household watching my grandpa make a living by driving a taxi where people would need rides to the airport, or a ride to the grocery store. Considering the 1990’s there were not a lot of taxi companies that operated in the city, however there were a few main ones that majority of people knew of. Moving forward into the 21st century, the taxi industry revolutionized with Uber bringing in a modern yet exceptional product development and design to the fore front of society which conveyed many benefits to all people of society. The success of their product development and design comes from the use of 3 product development factors which consist of speed, cost, and brand impact.
At the end of a long day, or any special event, everyone deserves a special treat, especially when it comes to desert. Since social media has become a norm of society in today’s world, I have never gone by a day where I haven’t seen one of my friends or colleagues share a post of desert that they are having. Jennifer Grossman, owner of Irresistibly Delicious has established a successful at home business where she bakes various custom deserts and cakes and is known throughout the GTA. Many may think how Jennifer managed to grow her business since it is run and managed from home. Well the answer to that is the success of her business comes through her exceptional customer engagement tactics which she uses through social media platforms.
Magna International Inc. is known as North America’s largest global automotive supplier. Magna’s headquarters are located in Aurora, Ontario. “The Magna’s unique Fair Enterprise culture, based on fairness and concern for people, recognizes that your engagement and commitment is fundamental to our business success.”
In today’s society everyone wants things faster, now and for less. More and more people are looking for ways to say time and money as our pace as a society is not slowing down anytime soon. The future of social media and where we are going is huge and the idea of online grocery shopping is just the beginning. Online shopping has been popular for years, being able to buy clothes, diapers, shoes, household items with the click of a button and have it show up at your door step is extremely popular because of its convenience and time saving appeal. Moving into groceries is a whole new ball game because you’re buying meat, fresh fruit and vegetables and dairy products that can’t be shipped in the mail. This is where ‘Click and Collect’ has come in. ‘Click and Collect’ is an online website that you can visit, view all the groceries in the store and add them to your cart. You then pick a time slot you would like to pick up at and arrive to the store. There are designated parking spots that you call a number when you arrive and for the small cost of $3-$5 someone will do your shopping and delivery to your vehicle. Jennifer Quesnel, Click Collect Manager commented that ‘ Convenience is that we have it all ready for you so you can spend your time doing whats important to you instead of coming in to shop”.
There are various ways in which organizations may utilize social media as a tool to help various areas of their company perform better in today’s business climate. Although many organizations already use social media within certain facets of the workplace, social media may also be applied across the whole organization to create more effective business plans throughout the entire company. For example, rather than simply focusing on using social media for only marketing and customer engagement purposes, a company may decide to work on integrating strategies to aid employee involvement, product development/design, metrics and supply chain management, to increase the effectiveness of the organization as a whole. However, in order to make this strategy possible, businesses require the integration of enterprise social media which provides the platforms necessary for all departments within an organization to communicate and share unique department data with one another. In other words, enterprise social media works to help all departments in their collaboration and planning processes in order that social media may be successfully integrated across the whole organization. In turn, enterprise social media, if implemented carefully and strategically, has various benefits to add to a company’s business performance. One company that is reaping the rewards of enterprise social media includes major food processing company MARS, who has successfully integrated social media across it’s organization. Although the first thought that may come to mind when considering the company from a Canadian perspective is the decadent Mars nougat and caramel chocolate bar, candy confectionary isn’t the only thing MARS produces. In fact, MARS also produces gum, beverages and even pet food! Another important fact to consider about the company is its global scale, as it produces and distributes products across the world.
Social media is prevalent in today’s society, so much so that it is almost more noticeable if a company doesn’t use it opposed to if they do. Looking at companies as a whole and studying how they are integrating social media through their enterprise allows us to better understand not only the company but their communication. Norwell Dairy is the largest dairy supply company in all of North America selling and servicing approx. 1700 dairy customers in Ontario. They have four locations across Ontario with the head office being in Drayton. Norwell employs just over 120 employees and communication and a social media plan is huge for them to ensure everyone is on the same page which can be done through effectively synchronizing the use of social media across the organization. Norwell’s vision as an organization is that “By continually seeking out new and innovative products to meet the ever-changing needs of our industry, Norwell has grown into the country’s largest dairy farm design, equipment and supply company.” Norwell wants to be able to provide dairy farmers with all the daily needs required to successfully milk their cows and run a profitable operation. Being able to service customers milking equipment and provide them with the tools needed to clean and care for their equipment is very important to ensure customer satisfaction and customer loyalty. It has been said that organizations are increasingly recognizing the benefits of enterprise-wide integration in the area of information technology, as they move away from legacy systems to integrated systems (often called Enterprise Resources Planning (ERP) systems. This statement is very true for Norwell, as they have moved from basic IT systems to now have two in house IT personnel and a dynamic ERP system, NAV, as well as active on Facebook and Twitter.
Social media, when used effectively, can have far reaching benefits for organizations. Those benefits can be even further maximized when an organization links and effectively synchronizes the use of social media efforts across the entire business.
If you were to ask someone if they know what Amazon was chances are you wouldn’t just get a ‘yes’ but they have probably purchased something off the site at some point. Amazon is the largest e-commerce company in many parts of the world and they understand the effect of a solid social media strategy. Not having physical stores and selling everything online via social media platforms, apps and their websites they really are experts at what they do. There are over 310 million active Amazon customer accounts worldwide with 90 million being Amazon Prime accounts spending an avgerage of $1300/year. The other 220 million are spending an average of $700/year. These sales have lead Amazon to an annual net ecommerce of goods totaling $52.8 billion in 2017, that is nearly 4x its closest rival Walmart. So how does a company get this big and achieve such great results all online…social media and good marketing!
Every day, new strategies are being developed to increase social media’s role in helping business performance levels. Whether social media is utilized to better employee engagement within a company, or as a tool to market products to consumers, its facets are continually updated to provide seamless integration in business structure to improve its functioning. However, if we look ahead to the future of social media and business performance, it appears that it may not be people at all who monitor and produce the different levels of communication across various social media platforms. Who would be responsible for these specific roles then? The answer lies in one simple acronym: AI. If you don’t already know, AI stands for artificial intelligence. Artificial intelligence may be defined as a type of computer or machine that possesses the capability of mimicking intelligent human behaviour (hence the word artificial). In fact, we have already had such a glimpse into the future from various businesses who have already started to implement AI across their social media channels to better their own customer engagement/service practices. One such company includes ecommerce super giant eBay, who has developed their own “ShopBot,” which uses AI technology in combination with the Facebook messenger app to assist customers in finding the items they are searching for within their price range.
Technology and technological advancements move at a rapid pace. We now have more power in our pockets than ever before, and the possibilities seem endless. The Internet of Things, and Artificial Intelligence (AI) have been a fascinating concept of science fiction for decades, but now it’s a reality. As social media and technology continue to develop, other technologies will advance too, and organizations of all shapes and sizes will be affected – but how?
Social media marketing has become a powerful tool for businesses of all sizes in reaching prospects and new customers. No matter who you are, or what industry you’re in, your customers are already interacting with brands through social media. Great marketing on social media can bring remarkable success to your business by creating devoted brand advocates and driving leads and sales. Bottom line: if you’re not speaking directly to your audience through social platforms like Facebook, Twitter, and Instagram, you’re missing out!
As a brand or business, it’s not enough for you to simply “be online”. Companies of all shapes and sizes need to be on various marketing channels and utilize them effectively. Just like radio and television, Facebook, Instagram, Twitter and LinkedIn are now genuine marketing channels, and they require serious attention to drive real business success. Learning how to use and read metrics that are available to businesses through social media, can have a profound impact on a business’s level of success.
Today’s marketplace is highly competitive. In order to differentiate themselves and stay ahead of the competition, companies must think of innovative ways to streamline their operations, increase efficiencies, and optimize productivity. One such aspect of achieving greater efficiency is through good supply chain management practices. Not super sexy, but super important, supply chains and supply chain management are topics that your business should be constantly evaluating!
Every organization must deal with the management of a supply chain to some extent. Often, the production/distribution of commodities does not operate at the hands of one person or group, but multiple people working together, across different locations and with expertise to produce and deliver a product to the consumer. In turn, with so many people across the supply chain to manage and coordinate with one another, social media has become a powerful tool to successfully organize logistics for any given organization.
DeLaval is the worldwide leader in milking equipment and solutions for dairy farmers, which make sustainable food production possible, ensuring milk quality and animal health. DeLaval was found more than 130 years ago in Sweden. Today DeLaval has 4,500 employees and operates in more than 100 countries. DeLaval sells alot of milking equipment including but not limited too, the VMS; voluntary milking systems robot, rotaries, parlours, milk meters to name a few. In the ever changing dairy industry its important to stay up to date with the last innovations and keep the customers engaged and intrigued with what you have to offer them. When purchasing a new barn or milking system it is a huge investment that is not made over night and customers want to make sure they are getting the best of the best for their cows.
The times, they are a changin’….a notion famously expressed by Bob Dylan some 50 odd years ago, and one that can be applied to organizations’ and their product development practices as a result of social media. In recent years, technological advancements have changed the socio-economic landscapes for organizations, and have created an ever competitive and complex market. Social media is playing a pivotal role, with an unprecedented rate of adoption that surpasses conventional tools such as the radio, telephone, television etc. Companies across all industries are having to use social media in product development in order to stay current on fine-tuned market needs and trends. Social media offers the potential to significantly improve a business’s performance. It is being used by companies to not only communicate to their customers, but also to learn about their customers, in hopes of advancing product development.
Being able to create something customers want to engage with and something that catches their attention when they’re scrolling their news feeds daily is a struggle many companies are dealing with now that social media has taken over. Vacations and travel are no different, every company, resort, cruise ship wants you to pick them for your next holiday and how they approach their marketing and engaging customers could make or break their chance at earning your business. “Royal Caribbean Cruises Ltd. comprises six distinctive companies that share a vision anchored in excellence.” They operate in 47 countries with 50+ ships ranging with staterooms to fit 2500-7000 guests at a time. “We believe we are in the business of making tremendous memories” Michael Giresi, Chief Information Officer, Royal Caribbean Cruises. To make sure you are successful in making memories and meeting all the expectations of an amazing vacation you need to have exceptional customer experience, relationships and engagement not only during the trip but also leading up to it and afterwards. Royal Caribbean has been successful with this through their Crown and Anchor Loyalty Program, personalized emails based on recent searches and the new Royal IQ app that can be used on board. In today’s society everyone wants the newest, greatest and latest in everything they do which is why Royal Caribbean introduced Symphony of the Seas.
In recent years, the ways in which customers behave and interact with organizations has changed significantly. Social media has led to greater competition and weaker brand loyalty, where organizations are finding it increasingly difficult to control their messages. Consumers now have a stronger presence in the market, and organizations are tapping into these changes to increase customer engagement. This is why customer engagement via social media marketing is so important to a company’s bottom line.
In order to properly engage customers on social media platforms, companies/organizations are wise to deviate from conventional in-your face marketing techniques and opt instead to learn to participate in organic communication with their consumers, which in turn fosters loyal relationships among old and new customers alike. General Mills is a prime example of a company that uses social media to their advantage. Not only do they listen to customers and engage them in meaningful ways, but they also have fun doing it. General Mills is what some would refer to as a food processing super giant. The company maintains over 80 leading brands in the USA alone, not to mention various others across the globe.
Taking your kids to school, enjoying paid vacations and quitting your ‘full time’ job to run a business from your phone is something that is only possible in today’s society and because of the power of social media. Everything USANA does “aims to help you love life and live it”. At USANA Health Sciences their mission is to provide families with the highest quality, science-based health products. They are more than just vitamins; they are health and beauty products as well as weight loss management.