Risks and Influence of Global Social Media Firms

Global business environment
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Table of Contents
a) Summarize Risks of the global social media firms such as twitter, Facebook and describe its
influence on the firm also............................................................................................................3
c) Explore Growing economies that are used for the global expansion regarding business buy
using examples.............................................................................................................................4
b) Impacts of the Donald trump's approach to US-China war.....................................................5
REFERENCES................................................................................................................................7
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a) Summarize Risks of the global social media firms such as twitter, Facebook and describe its
influence on the firm also
Social media becoming the most powerful tool as it is used to connect the consumers. It is
highly accessible media such as video sharing, corporate blocks such as Social networking site
Facebook, YouTube ,micro blogging tools such as Twitter, wiki that assist many authors
simultaneously as well as create a source of crowdsourcing and knowledge among various
others. These kinds of media able to leverage the power regarding internet ,mobile technologies,
web 2.0 to facilitate the creation, modification of content that is related op the User generated
content (Adekol, and Sergi, 2016). These kinds of technologies has significantly impacted the
dynamics of the consumer relationship management, corporate communication and marketing.
Social media groups and Business regarding people communication have arisen a new mode for
connecting with costumers and markets efficiently and directly. Social media sites allows
organization to listen as well as learn form dissatisfied and satisfied consumers towards their
experiences, ideas as well as knowledge as they provide opportunists for business to reach as
well as response proactively to the extreme reviews as well as reactions.
Costumers reviews are spread quickly by the social media ,firms needs to be effective
response plans. Here the consumers as well as third parties uses social media to comment
negative things about the firms. If the firm are not paying attention then it is unable to manage
crucial improvement to process and products that can be overlooked. Social media have both
opportunities and treats as it offers a channel such as recruiting of staff members and staff
members recruited through competitors. Within social media there are various risks of
information data as well as information that able to violates apply laws as well as
regulations ,involves infringements of copyrights and trademarks ,employment issues, data
security issues ,also violations regarding mismanagement of electronic communications. There
are various risks that focuses on the retention regulations (Hamilton and Webster, 2018)
One of the misuse of the internet is that there is always risk regarding fraudulent of the
third party by spoiling and hijacking the essential information of the company to take the entry
top the consumer and prospect involves personal information of the persons. It involves the
unauthorized use of the firm's name, logos as well as goods counterfeiting as well as various
misrepresentation. Some firms uses the third parties to report all references t their firm's names
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