This article analyzes the entrepreneurship approach of Instagram and how it can be used for business purposes. It discusses the online selling models practiced on Instagram and the barriers to its growth and management. The conclusion highlights the importance of cooperation and technology advancement for Instagram's success.
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Running head:ENTREPRENEURSHIP 1 Entrepreneurship Name Institution Professor Course Date
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ENTREPRENEURSHIP 2 Introduction The Instagram social cooperate company has developed all over world the within a short period of time. It was founded by the Stanford University graduates in the year 2010 called Kelvin System and Mike Krieger. At first, the guys developed an HTML5 type of the project called Burbn which they later redeveloped it so that it can be able to share the photos online (Muñoz and Towner, 2017 p.290). On October 6, 2012, Instagram was made free for download and it was added in the play store through which people could now download and sign up. Later it was added to the android phones which enhanced a very fast download. It was purchased by the facebook late 2012 for $1million dollars. Based on the context of Instagram, it is currently estimated to have about 150 million active users every month. It has an approximate of 75 million users every day. It is approximated that about 25 % of the global internet subscribers use Instagram. Instagram takes the social entrepreneurial approach (Salleh, Hashima and Murphy, 2015 p.4). It was basically established for the social set up. The main concern of the company was to enhance daily life communication. It was designed in such a way that individuals could upload photos and short video and therefore becoming a societal form of the business. In the basis of understanding the behavior of the Instagram,it has categorized on the basis of the business account which offers the opportunity for the company to appear in the newsfeed for the ideal audience. Instagram offers a basic analytical data type for the social profile. Analysis of entrepreneurship approach The entrepreneurship approach of the Instagram determines how it can be used for the business basis. Instagram is used for the purpose of sharing the photos; it can also be used for the purpose of promoting the business. This can be done by uploading the profile photos of the business its products as well as short description of the products in the comment section. This
ENTREPRENEURSHIP 3 offers people chance to have a view of the quality and type of the product the business offering (Lavoie, 2015 p.89). The reason as to why the Instagram is resuming the entrepreneurship approach is due to the fact that it has ventured in the business-oriented program in which different ideal between the entrepreneurs and the customers are shared through the Instagram photos and videos. Online selling models practiced in the Instagram platform enables the company to gains so many customers who use it for the business marketing as well as advertising the products. The online selling models are reflected in the Instagram by expanding the niche target for the business products. This is done by selling differentiated products and services through Instagram applications. The products are displayed online for potential customers through Instagram photos and videos. It can be done through emphasizing on the elements of the non-price elements of the Instagram market mix. Through Instagram, convincing inherent advantages of a particular type of the business can be stressed bovver its competitors. Some of the barriers to the growth and management of the Instagram social company are just similar to those of any other company. The site has limited access to some resources the main use being only uploading the photos and short videos. The company has much to do to make it so effective. With advanced technology, there should be more of the features to be included in the Instagram such as live steam chats, live support, and animation programs for the betterment of the social users of Instagram. Just like any other company, Instagram is facing the competition challenge especially from the Twitter Company. Some features found in the twitter are not in the Instagram and therefore the company is facing some challenges as it tries its best for the satisfaction of its customers through the establishment of unavailable features of the social site.Instagramis receivingmuch ofthe harassment frommost ofits users. The
ENTREPRENEURSHIP 4 cyberbullying is the current challenge facing most of the Instagram users. Unlike the Twitter, Instagram has got no special tools and apps for the identification of cyberbullying and therefore most of the affected users have been complaining about the same (De Veirman, Cauberghe, and Hudders, 2017 p.798). Most of the Instagram users have turned to Twitter following the fact that Instagram is yettodevelopasecureenvironmentforitsuserthroughmonitoringofonlinesocial communication and IP evaluations. It has tried to manage the harassment from the customers by ensuring that their Instagram is interconnected with facebook account for the authentic process. Based on how Instagram has been participating in the business sector, entrepreneurial traits in various companies have benefitedInstagram(Barryand Montano, 2016 p.487). Through Instagram, the business organization has used social media for the marketing purpose of their products. In return, Instagram has benefited through getting so many followers as developing its economic standards. Through advertisements and other social users’ entrepreneurs, Instagram has increased the percentage of world popularity and therefore increased its potential online networking development. Conclusions Through entrepreneurship approach by the Instagram, I have learned that it may take time for the organization to grow from one state to another. In the same thing, I have realized that it is through cooperation with other organization that an organization is able to grow. Following the fact that, Instagram has cooperated with the Facebook Company, it has benefited so much in the basis of internet security and cybercrime. Through facebook security apps, Instagram has been able to deal with customer cares regarding the cybercrime (Kozinets and Wilner, 2010 p.71). Instagram should focus on the advancement of its technology of operation to
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ENTREPRENEURSHIP 5 minimize some of the complaints from its users on the basis of cyber crimes and cyberbullying. It should look for the security mechanisms and IP sensing applications which will enable them to monitor the users of the service in responding to what they are using it for. I have learned that in using not only Instagram social media but also all other social platforms, one should be aware of the online scams and cyber bullying.
ENTREPRENEURSHIP 6 References Barry, A.E., and Montano, J.R., 2016. Alcohol marketing on Twitter and Instagram: Evidence of directly advertising to youth/adolescents.Alcohol and Alcoholism,51(4), pp.487-492. DeVeirman,M.,Cauberghe,V.andHudders,L.,2017.MarketingthroughInstagram influencers:theimpactofnumberoffollowersandproductdivergenceonbrand attitude.International Journal of Advertising,36(5), pp.798-828. Djafarova, E. and Rushworth, C., 2017. Exploring the credibility of online celebrities' Instagram profiles in influencing the purchase decisions of young female users.Computers in Human Behavior,68, pp.1-7. Hanan, H. and Putit, N., 2014. Express marketing of tourism destinations using Instagram in social media networking.Hospitality and tourism: Synergizing creativity and innovation in research, pp.474-474. Kozinets, R.V., and Wilner, S.J., 2010. Networked narratives: Understanding word-of-mouth marketing in online communities.Journal of marketing,74(2), pp.71-89. Lavoie, K.A., 2015. Instagram and Branding: A Case Study of" Dunkin'Donuts".Elon Journal of Undergraduate Research in Communications,6(2). Pp.89. Muñoz, C.L. and Towner, T.L., 2017. The image is the message: Instagram marketing and the 2016 presidential primary season.Journal of Political Marketing,16(3-4), pp.290-318. Salleh, S., Hashima, N.H. and Murphy, J., 2015. Instagram marketing: a content analysis of top Malaysian restaurant brands.E-Review of Tourism Research,6, pp.1-5.