relationship management. However, they don’t exist
without challenges.
4 OPPORTUNITIES
Gotta and O’Kelly (2006) contends that, establishing
communities around products and services is a
potential strategy to build brand loyalty, establishing
exit barriers, and facilitating viral marketing through
self-emergent customer testimonials. Such
communities can also be a source of innovation by
soliciting consumer input, customer suggestions, and
critiques. However, there is a risk that such action
could occur organically (e.g., attention is brought to
some product or services defect or political issue).
Internally, strategists should examine business
process and ongoing community-building activities
to identify any possible application scenarios that
can be used to build a business case. Some general
examples according to Gotta and O’Kelly (2006)
includes:
Sales: Social-networking tools may provide a
better introduction mechanism for accounts with
higher conversation rates than cold Calles can.
Marketing: Tag clouds derived from an external
social software application could provide a
dashboard-like look into ongoing and timed patterns
based on member tags and bookmarks.
Customer service: Tagging of telephone or email
interactions by call center representatives could
provide interesting commentary at a collective level
(e.g. “possible recall,” “product defet,””confusing
instructions”).
Competitive intelligence gathering: social
bookmaking services can target a specific
information space (e.g. competitor activities or ways
people use a particular product).
Information Management: Folksonomy efforts
could result in taxonomies that are more precise (e.g.
integration with search engines) as well as more
responsive to change by picking up on terminology
and providing users with sense of participation and
ownership.
Organizational development: Tracking tags and
bookmarks over time can reveal trends (e.g. using a
Nielsen-like rating system) of what people are
reading and what the find important, thus providing
learning strategies and HR decision makers with
insights into the types of training, seminar, or other
topics that might be
of interest or
skills/competencies to focus on.
5 CHALLENGES
Although Social networks can help companies
spread good news fast, it can also spread bad news
just as quickly. Moreover, if customers want to vent
their anger on your product or service, they can use
your social network account. Managers need to
understand how to handle those situations quickly
and effectively. Also, as social media is not as
widely moderated or censored as mainstream media,
individuals can say anything they want about a
company or brand, positive or negative.
Increasingly, companies are looking to gain access
to these conversations and take part in the dialogue.
However, a potential problem that companies using
social media may face is the privacy and personal
security issues. There exists a niche segment that is
overly concerned about their security matters and do
not prefer to discuss their vocation and similar plans
on social web. Nonetheless, Gotta and O’Kell (2006)
agonize that, networks that thrive when they are
informal and invisible are at risk for changing
behavior or complete collapse if management
suddenly becomes aware of them and attempts to
influence, leverage, or exploit them in some ways.
They further connotes that, there are other
unintended consequences of making social networks
and their interrelationships public. Overall, the
success and failure of technologies specifically
geared toward social networking revolve around
user participation, trust, security, and privacy. So,
users sometimes tend to be hesitant to share some of
their sensitive information with companies. This
means, organizational issues regarding incentives for
participation, managing behavior changes, and
building effectives communities have greater
impact.
Reasons for user collectively interacting vary
greatly. At one extreme such interaction can be very
self-serving. Users might participate in socially
oriented applications only to link on the edges,
absorbing information from the community that is
relevant to their own research, personal needs, or
work-related tasks. The intensity of their
participation might be represented by their
contributions (e.g. providing opinions)
recommendations, insights and other types of
information or by aggressively tagging and sharing
bookmarks), their ability to persuade others to join,
or their level of influence in brokering linkages
between members in the community network
.
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