CHAPTER 1: Introduction
Social media networks meant as sites
where individuals could socialize meet old and new friends and interact
with each other. Just as the internet was applied into business
organizations from the military, so also the commercial value of social
media networks became apparent and gained the attention of business
managers and became the best friends of marketers in virtually all
organizations with presence on the internet. Relationship building and
interactions are the major reasons for the adoption of social media
networks by individuals, however, organizations leverage the ubiquitous
usage of these sites and views them as platforms on which to interact
directly with existing and new customers for their goods and services.
This is a clear paradigm shift from the traditional methods of
interacting with customers as more than one customer can be reached
easily and cheaply as well with just a click of the button. Personal
interaction with customers instills smooth feeling of loyalty and
questions are answered with ease
1.1 Background of the Study
Stelzner in his 2014 report published by
Social Media Examiners stressed that the top two benefits of social
media marketing are increasing exposure and increasing traffic. The
report further revealed that a significant 92% of all marketers
indicated that their social media efforts have generated more exposure
for their businesses. Increasing traffic was the second major benefit,
with 80% reporting positive results. These days, almost everyone and
every organization have a presence on the social media, particularly the
popular ones such as Facebook, Twitter, Tumblr, LinkedIn, Instagram,
Google+ and Pinterest. As at March 2015, there were 1.415 billion active
users on Facebook, and 288 million monthly active users on Twitter.
With the explosive youth population in Nigeria, you can imagine what
chunk of those statistics we boast as a nation. However, most corporate
presence and iconic presence (prominent individuals) on the social media
are mere presence with no marked focus, strategy, or intent to engage
the teeming online public/market .This conundrum is largely to due to
not knowing what it takes to maintain a vibrant online-cumsocial media
presence. The research therefore seeks to investigate the Techniques for
managing message center in a social media network service.
1.2 Statement of the Problem
These days, almost everyone and every
organization have a presence on the social media, particularly the
popular ones such as Facebook, Twitter, Tumblr, LinkedIn, Instagram,
Google+ and Pinterest. As at March 2015, there were 1.415 billion active
users on Facebook, and 288 million monthly active users on Twitter.
With the explosive youth population in Nigeria, you can imagine what
chunk of those statistics we boast as a nation. However, most corporate
presence and iconic presence (prominent individuals) on the social media
are mere presence with no marked focus, strategy, or intent to engage
the teeming online public/market. This is largely to due to not knowing
what it takes to maintain a vibrant online-cumsocial media presence. The
research problems involve an investigation of the Techniques for
managing message center in a social media network service.
1.3 Objective of the Study
1 To determine the nature of the social media network service
2 To determine the Techniques for managing message center in a social media network service.
1.4 Research Questions
1 What is the nature of social media network?
2 What is the Technique for managing message center in a social media network service?
1.5 Significance of the Study
The research shall provide significant
information of the nature of social network service with a view to also
articulate measures for managing message center of a social media
network.
1.6 Statement of Hypothesis
1 Ho The use of social media network is low
Hi The use of social media network is high
2 Ho The use of the message center in a social media network is not effective
Hi The use of the message center in a social media network is effective
2 Ho The Techniques for managing the message center of social media is not effective
Hi The Techniques for managing the message center of social media is effective
1.7 Scope of the Study
The study focuses on the appraisal of the Techniques for managing message center in a social media network service
1.8 Definition of Terms
SOCIAL MEDIA DEFINED
Social media networks are platforms or
sites that facilitate the building of social relationships among people
of different races and provide opportunities for them to share
interests, activities, backgrounds, or real-life connections, . Social
network services consist of a representation of each user’s social
connections, and a variety of additional services. Social media is the
medium to socialize as well as market and today, the plethora of social
media networks are among the finest opportunities available to
organizational marketers in their bids to connect with existing and
prospective customers.
Organizational brand
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A brand is a sign, symbol, logo, term that a producer or group of
producers put on their product or group of products in order to ensure
differentiation from other competitive products in the market. Branding
is a process that is used by the businesses to utilize marketing
strategies to enhance their product or service image so that it is more
readily recollected by the customer Branding can as act as a
promotional strategy to produce consumer patronage and loyalty and also
influencing their buying patterns
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Consumer purchase intention
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According to Ajzen “intentions are assumed to capture the
motivational factors that influence a behavior, they are indications of
how hard people are willing to try, of how much of an effort they are
planning to exert, in order to perform the behavior”. Purchase intention
can be defined as the decision to act or physiological action that
shows an individual’s behavior according to the product.
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Competitive tools
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Competitive differentiation is a tactic used by organizations to help
set their products or services apart from that of the competitors.
Differentiation can be achieved through packaging, marketing campaigns
and after-market product support. Startup companies often develop
products or services in niche markets in order to competitively
differentiate themselves around a specific consumer need. A positioning
statement can provide a basis for competitive differentiation, defining
specific advantages a particular offering provides.
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Brand campaigning
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Specific activities designed to promote a product, service or
business. A marketing campaign is a coordinated series of steps that can
include promotion of a product through different mediums (television,
radio, print, online) using a variety of different types of
advertisements. The campaign doesn’t have to rely solely on advertising,
and can also include demonstrations, word of mouth and other
interactive techniques.
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Organizational performance
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According to Richard organizational performance encompasses three
specific areas of firm outcomes: (i) financial performance which
includes; profits, return on assets, return on investment, etc., (ii)
product market performance which includes; sales, market share, etc.,
(iii) shareholder return which includes; total shareholder return,
economic value added, etc.
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The balance scorecard
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Firstly it is important to note that the balance scorecard apart from
being a means of measurement for organizations, it also acts a means of
management which monitors the performance of all or part of an
organization, towards strategic or operational goals. It was originated
by a Robert Kaplan and David Norton in the 1990’s, It is a strategic
planning and management system which is used to align business
activities to the vision and strategy of the organization, improve
internal and external communications, and monitor organization
performance against strategic goals and it is used extensively by
nonprofit organizations, government and private organization |