Business research Impact of social media on business

Added on - 25 Nov 2019

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Running head: Social media networking 1Business researchImpact of social media on business
Social media networking2ContentsIntroduction.................................................................................................................................................3Project objective..........................................................................................................................................4Project scope...............................................................................................................................................4Literature review.........................................................................................................................................5Research questions and hypotheses.............................................................................................................9Research questions..................................................................................................................................9Hypotheses..............................................................................................................................................9Research design and methodology............................................................................................................10Limitation of research................................................................................................................................13Time schedule...........................................................................................................................................14Conclusion.................................................................................................................................................16References.................................................................................................................................................17
Social media networking3IntroductionSocial media is considered as the phenomenon of world which is utilized by more thanmilliard people and provide as an interface for interactions with people and business where mostof the people build, exchange and share views and information. Social media is entirelydependent on the internet technology. Social media encourage users to communicate or providefeedback whosoever is connected to them. It is an open system without carrying any hardbarriers. It is the research which is based on impact of social media on business. Project objectiveas well as project scope will describe in this research which will give better understanding forfurther studies. Social media is very beneficial for the companies because it provides theresponse in the form of feedback of the customers, through which company and getsimprovement and make its customer satisfied (Hudson and Thal, 2013). There are numerouslisted company will describe in the context of getting profit by adapting the social media in theprocess of company. The companies’ benefits through social media will describe in this research.
Social media networking4Project objectiveThe objective of this research is to analyze the impact of social networking on thebusiness. it has been observed that technology has advanced and due to this many companieshave adopted the social networks to interact with their customers. There are several companiesthat have adopted social media networking to enhance its business effectively. Telstra andVirginia are one of them that adopted social media networking and earned huge profits andsatisfy their customers by adapting social media networking.Project scopeSocial network is wider channel and it has numerous usage in business to enhance theproductivity if the employees as well as reduce the un-required cost of the company. It is theresearch program that conducted for the purpose to evaluate the advantages and disadvantages ofthe impact of social media on businesses. It will be helpful to analyze and compare the variouscompanies and their profits in the term of adoption of social networking sites.
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