Impact of social media marketing in businesses growth and Performance Assignment 2022
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Impact of social media marketing in businesses growth and performance Abstract Despite the development of the internet in the 21st century, social media has evolved in popularity and significantly altered the way businesses engage with their target consumers and market their products or services. The purpose of this research is to investigate the impacts of social media marketing on business growth and performance. The participants of this study consisted of 64 adolescents under the age of 18 to over the age of 22. Data were collected through an online survey questionnaire which was created using Google Forms. The results of this present study revealed that in this era almost everyone accepts that social media marketing is an effective way for better business performance because of a higher level of social media usage. Moreover, the study has also concluded that social media marketing has a positive and significant effect on business growth and performance, such as enabling impulse purchase, increasing sales, and the cost of advertisement for a company. This research indicates that social media marketing has a positive relationship with the business platforms.
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Introduction i.Background of the Study Within a number of businesses, social media technology has been accepted as part of the marketing strategy and operational culture. For example, job searches show that marketers are increasingly incorporating social media into their strategic plans and are looking for marketing experts to launch and manage these initiatives. Social networking is becoming a mainstream tactic for many marketers, as evidenced by the expansion of technologies like Twitter and Facebook. Information is power (Park, S.2017). This is a well-known adage, yet many people have realised how powerful social media has become. In this way, anyone online gets access to an unrestricted stream of information through social media, which they could have used to expand their base of knowledge. In today's society, it is apparent that social media has a significant influence on our culture, business, and overall vision (Amedie, Jacob 2015). Whenever we refer to social media, people generally consider of Facebook, WhatsApp, Twitter, YouTube, LinkedIn, Pinterest, and Instagram. These platforms are powered by user-generated content and have a huge impact on everything from marketing habits to entrepreneurship, political concerns, and venture capital (Kapoor, K.K., Tamilmani, K., Rana, N.P. et al. 2018). Despite the development of the internet in the 21th century, social media has evolved in popularity and significantly altering way businesses engage with their target consumers and market their products or services (Lina Yan & Carol Musika 2018). When organizations began to understand the change and identified the potential of social media marketing, companies devised innovative ways to represent themselves and engage with customers in the digital market (Rudloff & Frey 2010). Social media marketing increase brand recognition which simultaneously makes any organization easier and more accessible for new customers, and makes more familiar and recognizable for existing customers (DeMers 2014). Moreover, web sites and social media platforms enable companies to
overcome these time and financial limitations, ability to reach out to customers in a cost- effectivemanner(NoryJones,RichardBorgman&EbruUlusoy2015).Inaddition, individual networking through social media promotes shared values, which has a beneficial influence on trust. Today, with the expansion of social media, companies are likely to develop marketing strategies in businesses through trust-building mechanisms and affecting customers' intention to buy online products (Hajli, M. N. 2014). Although social media marketing help companies in business growth and performance rapidly, most of the social media companies lack the resources of their larger, more established competitors, it is difficult for them to thrive and remain sustainable. In order to maintain their position in the marketplace and increase market share, social media companies must have a marketing plan to manage the sales strategy of the organization. Since social media marketing has become such a fresh concept in marketing, it could be difficult for firms,especiallynewandsmallenterprises.Hence,thisstudyaimstodiscoverthe relationship between social media marketing on business growth as well as the performance (Edubirdie, 2022). Social media has evolved into the most prominent and important virtual space, where the platform is utilized not only for social networking but also as a powerful tool for digitallymarketingyour businessand products. Withover 59 percentof the world's population of online, marketers doesn’t lose out on the opportunity to promote on these digitalforums,wheretheymayreachthegreatestnumberofprospectiveconsumers compared to print traditional television media marketing (Gary Henderson, 2020). So typical withcurrentmanyresearchoninfluencesofsocialmediaoncommercialenterprise performance, there's a end result that withinside the new contemporary-day enterprise it’s not possibletorunaahitcommercialenterpriseandcompetewithdifferententerprise proprietors and be on top with out social media marketing. To address the research gap, we aim to examine how social media marketing influences the sales performance in businesses growth. Specifically, we investigate the effect of social mediamarketingstrategiesutilizedbyonlinebusinessesontheirsalesgrowthand performance. It will also measure how often an average people spends in social media and whattypesocialmediatoolsare theyusing to promotetheirproductsandservices. Nowadays, practically everyone in the society has easy access to the internet and social
media platforms. As a result, social media affects people's perceptions across the globe. Before the arrival of social media, businesses sold door to door, but currently almost every business uses social media to increase sales and maximize profits. Due to social media marketing, people currently have many brand alternatives.Hence, social media has a higher influence on business growth and performance than traditional marketing tools, hence this issue is being studied. ii.Significance Thestudyonimpactsofsocialmediaonbusinessgrowthand performance is important as social media channels have quickly become the backbone of business strategies and are key to building meaningful connections with consumers to drive long-term brand loyalty.Early studies haveproventheimportanteffectsofsocialmediaonbusiness performance and how it changes a business revenue and how it have impacts on business marketing. Therefore, our study aims to add more better clarity to this research by collecting data from a different area relatedtotheresearch.tounderstandhowsocialmediawillaffect businesses,sothosewhoarestartingabusinessunderstandthe importanceofsocialmediaonbusinessperformanceatthisera.This knowledgecanhelpalotofbusinessownerstodobettermarketing performance with saving a lot of times and additional costs by the help of social media marketing. Since covid-19 pandemic, a lot of changes happened to all business industries and had fundamentally disrupted entrepreneurial finance. Therefore, most business owners adopted social media usage for performing business virtually. Social media become very popular in business marketing although, there are no sufficient studies related to the topic unfortunately many people have to struggle a lot because of no sufficient resources or lack of knowledge about social media. Many business owners do not have enough ideas for bringing positive impacts of marketing on their business through social media usage. Hence, Our study helps business owners to use better strategies only from the source of social media to have a profitable business performance.
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iii.Purpose Statement This research aims to investigate the impacts of social media marketing on business growth and performance. iv.Research Question For the better understanding this research aim to answer these two main questions 1.What are the level of social media usage in marketing in this era? 2.How does social media marketing affect the business growth and performance? Literature Review Social Media adoption and usage in business Socialmediahasbecomeanecessityforbusinessnowadaysforbetterperformance. Nowadays mostly all businesses use from social media marketing as its very affordable, companies may acquire high-quality brand awareness on social media even if they have a minimal budget. Also, by adoption of social media marketing you may directly contact your target demographic by purchasing advertising on placement sites like Facebook or Instagram. You may even target your adverts to certain categories like gender, age, pay, and area. A study conducted by He et al. (2017), concluded that while more and more small businesses have jumped on the bandwagon of social media in recent years, the authors found that only a limited number of published articles are currently available regarding the decision-making factors for social media adoption by small businesses. By an exploratory investigation of social media adoption by small businesses revealed some novel insights and developed a decision support model composed of factors critical to successful social media adoption by small businesses. The purpose of the study was to understand why and how small non- manufacturingbusinessesadoptsocialmedia,andforwhatbusinesspurposes.The researchers interviewed 27 owners or managers of locally- owned small businesses each in-
depth semi-structured interview lasted up to 45 minutes. The study retrieved five main adoption factors of social media marketing by business owners including the adopter’s social media perception, the adopter’s personal characteristics, social influence from peers and/or media, current business performance, and the business purposes for adoption affect their adoption decisions. Another study conducted by Nawi et al. (2017), stated that while it is perceived that adoption reflects acceptance the individual usage is critical and cannot be guaranteed by mere adoption. So the purpose of this study was to argue that individual usage is critical and cannot be guaranteed by mere adoption. A total of 300 respondents from all of the public universities were recruited in this study. An online questionnaire was given to investigate the Acceptance and usage of social media as a platform among student entrepreneurs. The findings from the study reveal that performance expectancy (PE) has a positive and significant effect on the adoption of social media as a business platform among student entrepreneurs in Malaysia. Also Perceived risk, Perceived trust and perceived enjoyment are proven to have a positive and significant effect on the adoption of social media as a business platform among student entrepreneurs in Malaysia. Therefore, to conclude, the 2 journal articles both provide main factors that why business owners adopt social media as a marketing tools. Additionally, these findings all express the positiveimpactsandfactorsofsocialmediamarketingadoptiontowardbusiness performances. Otherwise, in the first study it found that sometime business owners adopt social media because of social influence from peers and/or media but in second study it found that performance expectancy which mostly an individual believes that using a system will help him or her to attain gains in business performance has a positive and significant effect on the adoption of social media as a business platform. Challenges of social media marketing As much as social media can bring a positive impact on businesses performance it is also has some challenges that mostly people have to understand those challenges and overcome against that. Many business owners have lack of enough technologically knowledge against social media marketing. Thus, the main challenges of social media marketing could be lack of
information, time or even in some place’s government create some restriction for usage of social media. However, a study conducted by Bhandari and Bansal (2018), the journal investigates on the prospects and challenges of social media marketing. The purpose of the study was to reveal real decisional behavioural of management institutes in India for social media marketing usage, and analyses of empirical elements of social media consumption pattern. The study consisted of 384 users of social media students, from both the male and female group, and usedawelladministeredandstructuredquestionnaireaboutSocialmediausageand demographic profile of respondents, descriptive statistics of identified variables, confirmatory Factor Analysis. Overall, on a significant level, it was found that prospects and challenges of socialmediamarketingisindeedassociatedtofirmscope,relations,projectionsand governance. In addition, another study conducted by Rugova and Prenaj (2016), social media is a phenomenonthathastransformedtheinteractionandcommunicationofindividuals throughouttheworld.However,socialmediaisnotonlyacommunicationtoolfor amusement, but it is also an important part of marketing strategies in business life. The journal article deals with the issue of social media and its influence on SMEs. The purpose of this study was to be to improve the understanding of the benefits and challenges of Social Media Marketing usage by SMEs. Another goal of this study is to research how SMEs can use social media to benefit their businesses and also to explore challenges and benefits that SMEs face when they decide to use social media as a marketing tool. For methodology main sources of information, used in compiling this paper, were secondary sources, sources accessible through internet, and the existing literature in the field of marketing in general and social media marketing in particular. Sources used are many scientific articles on social media marketing and general literature on marketing, the results of these articles and the opinions of their authors have been analyzed and compared to fulfil the aims of this paper. The challenges that found at a result was, Social Media Marketing for SMEs also requires knowledge and a lot of work, and of course has its own challenges and risks before achieving success that is worth to mention (Stelzner, 2014). It has been also found that a group of employees, needs to be ready and able to communicate with customers’ and respond to their
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feedbacks and complaints on daily basis. Employees engaged in Social Media activities should be highly skilled and trained in order to respond effectively to every questions. Thus, to conclude both studies that discussed authors at a result find many different challenges of social media marketing. The findings of the study provided sufficient and relevant evidence that as much as social media marketing has a lots of benefits for business performanceitalsohasmanychallengestowardbusinessowners.Butbothauthors emphasized that these restrictions and hazards should not be used as a barrier to Social Media Marketingadoption;whiletheymayappearfrighteninganddifficult,theyareonly safeguards that must be done on time in order to achieve complete and significant success in the Social Media marketing plan. Benefits of social media marketing towards business growth Joel Källbäck (2019) conducted a studyto provide a deeper understanding to why companies continue to use traditional advertising in the digital world. The study used non-probability sampling technique where the study choose individuals to interview that are informative.The study included 3 participants from 3 different companies with different marketing manager positions.Participants were examined by semi-structured in-depth interview that tackled questions involving usage of traditional advertising and along with usage of social media marketing. From the findings,it was discovered thattraditional advertising in digital world can be an effective marketing tool to use for companies in order to establish brand awareness. Moreover, social media marketing helps to make content go viral without having to pay extra for company sales. On top of this,media mix is altering organization that must have a quality advertising method to reach their unique consumers. Therefore, every company must have responsibility to make their advertising more meaningful and with playful messages. In addition, another study conducted byRazak and Latip (2016),was done toinvestigate the factorsthatinfluencesocialmediausageinmarketingactivitiesamongSMEsin Malaysia.The study analysed by overall 20 previous studies which published in the range of 2011 to 2015 in this research. Document analysis of previous studies was the technique used to achieve the significant factors that influence social media usage among SMEs in marketing activities. From this study, it was concluded that the usefulness is one of the factors examined
as an important factor influencing the usage of social media by many SMEs. In this study, usefulness refer to the degree of how SMEs believe that using social media will enhance marketing performance. In addition to that, ease of use also influences social media usage by SMEs for marketing where the ease in this study can be defined as the degree of how SMEs believe that they do not have to put more effort in using social media for marketing activities. Apart from the factors discussed above, enjoyment is another factor that influences social media usage which refers to the enjoyment of using social media by SMEs in marketing activities without compulsion by any party. Hence, to conclude, the findings discovered from the first studythat traditional advertising in digital world alter to achieve quality advertising approach which affectscompany to have responsibility to make their advertising more meaningful to customers.On the other hand, the second study instead discovered that social media marketing is interesting and useful for academicians, entrepreneurs, online marketing practitioners and social media companies that contributes to the existing knowledge in the social media environment among SMEs where social media is good for businesses, whether it is a large, medium or small company. Methodology Participants The study included 64 participants from adolescents under the age of 18 to over the age of 22. The respondents' adolescent age assures that they are witnessing privacy invasion at an age that social media is widely adopted. The participants come from different education levels as well as different level of work experience. Social media usage has been established among young adolescents, hence the group of studentsselected for the survey is one of the ideal target populations for the study.However, no specific selection method was used to obtain the participants, hence the method used was random selection for this survey. Additionally, the study used an online survey sent through social networking platforms to engage participants from that particular age and category. Procedure This research aims to explore the impact of social media marketing and how it impacts business growth and performance through social media engagement. The researcher has conducted a qualitative research approach such as a survey in order to better understand adolescents’ views on the study specifically as well as their understanding of social media marketing. On the other hand, quantitative research is much more practicalrather qualitative
which present facts in statistics and analytical form than extensive paragraphs that provides a variety of responses.This general representation of the participants' views was generated by comparing the average of the questions.Followingly, to achieve these research questions, the researcher created an online survey through Google Forms consisting of 17 items out of a total of 3 sections. The survey uses a Likert scale from “strongly disagree” to “strongly agree” to measure results unambiguously. Moreover, due to the convenience level, the researchers were able to acquire more participants by using an online survey.In addition, the platform offers researchers a summary and individualized statistical report. In terms of the measures performed prior to the establishment of the online survey, the researchers had to investigate multiple reports and past literatures done by other researchers on the selected issue related with the topic and appendix section. The appendix section typically comprises of interview or survey questions that the authors have used to create the research. Following this, the researcher was able to construct a well-founded investigation adapted from several sources. Afterdeterminingon the survey's form, the researcher conferred with their lecturer to verify the survey questions' reliability, validity, and accuracy in regard to the topic's specific variables, including the research questionnaires. The survey was then constructed in Google Forms and disseminated towards the 64 respondents on June 19th. With the online survey open for answers, the researcher had gathered all the answers and data from the 64 respondents by the 22nd of June, andclosed the online survey for further respondents. Instrumentation The respondents were given a short overview of the online survey before it began.The researchers included a statement illustrating the survey and assuring the privacy of the participants' data, as well as a questionnaire at the inception of the research to affirm the participants' agreement to the survey. Hence, the respondentswere assured of the extreme confidentiality that will be provided. Adding on, researchers included the purpose of the survey to have better understanding of social media marketing on business growth and performance which provide sufficient information to the respondents. To further clarify the survey,theresearchersincludedanagreementbox thatspecifiesthatallrespondents consented to engage and express their opinions on this matter, and that they will not be allowed to go to the following section unless they agree to the terms. Questionnaire
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There were three sections to the online survey. Each section of the survey correlated to the study's research topics in the following way: i)Section A was based on the respondents’ demographics.Theresearcherhas included six items in the demographics section which were age, gender, ethnicity, occupation, and study programme and work period. ii)Section B was based on the research question that is the level of social media usage in marketing in this era. There was a total of 5 items included in this section to explore the different views of young adolescents about the impact of social media marketing.The items were adapted from three studies which titled ‘An Analysis of the Impact of Social Media Marketing on Individuals’ A Individuals’ Attitudes and Perceptions at NOVA Community College’ by Nya Gibson, ‘Social Media Marketing: Exploring the user typology in Turkey’ by Yüksek Lisans Tezi and‘TheEffectivenessofSocialMediaMarketinginSmallBusiness Performance’ by Camil Amnaay Joachim. iii)Section C was based on the second research question which is social media marketing affect the business growth and performance. There was 6items in this section to understand impacts of social media marketing affects the business growth and performance. The items were adapted from two studies which titled ‘To Assess the Impact of Social Media Marketing on ConsumerPerception’ by Ali et al. (2016) and ‘An Analysis of the Impact of Social Media Marketing on Individuals’ A Individuals’ Attitudes and Perceptions at NOVA Community College’ by Nya Gibson. Methods of Data Analysis Beforedevelopingfinalconclusionsfromthefindings,theresearchersthoroughly investigated and evaluated each participant's statistical data. Consequently, the researchers were enabled to adopt preventative procedures to exclude the invalid results and answers. Following that, the researchers focused on the various pie charts generated by the Google Forms algorithm while analysing the data.
The survey was designed using a Likert Scale with a range of 1 to 5, with 1 representing stronglydisagree and 5 indicating strongly agree. For this reason, the researcher decided to convert the respondents' data into a bar graph, with each item having a separate bar chart. The study will then investigate at the deviation of the each bar chart to see where the majority of the data is situated. A positive skewness indicates that the majority of respondents disagreed to the statement, whereas a negative skewness indicates that the majority agreed.Therefore, the researcher conducted this to synthesize the information provided by the participants and to make the results more accessible to the readers. Findings and Discussion The aim of this research was to investigatethe impacts of social media marketing youths and how it may affect business growth and performance.A total of 64 participants responded, allowing further analysis for the objective of answering the research questions, which are as follows: 1.What are the level of social media usage in marketing in this era? 2.How does social media marketing affect the business growth and performance? Demographic data of participants This survey consists of three parts, Section A, B, and C. The first part of the survey, SectionA, covers the demographics of participants. The data are presented in Table 1 below. Thedemographicdatatobeobtainedforthepurposeofthestudyconsistedof6 questions.The first question asked participants to state their age range. The results displayed 7 participants from the 18 and below old range (10.9%), the majority 28 participants came from the 19 old age (43.8 %), 13 participants from the 20 old age range (20.3%) and finally 8 participants from 21 old age range (12.5%) and 8 participants from 22 and above old age range (12.5%) respectively.Followingly, the respondents were asked to specify their gender,
whether male or female.The results displayed 40 male participants (62.5%), 23 female participants (35.9%) and 1 nonbinary participant (1.6%). As an outcome of the random selection approach, more males responded compared to females and nonbinary. Moreover, the participants were required to state their ethnicity. The results presented 4 participants were Malay (6.3%), 1 participants was Sudanese (1.6%), 21 participants were Chinese(32.8%)andfinallythemajorityof38participantswereIndians (59.4%).Furthermore, participants were required to state their present occupation.The data reported the majority of 44 participants were students (68.8%), 9 participants were full time employed (14.1%) whereas the other 9 participants were part-time employed (14.1%), 1 participantwasself-employed(1.6%)whileotherparticipantwasunemployed (1.6%).Thus,this data showed that the majority of participants were students in this survey. In addition to that, the participants were required to state which education level they were in.The results displayed 16 participantswere from foundation in Arts (30.2%) and 4 participants were from foundation in Science and Technology (7.5%). Additionally, 3 participants were from A-level study programme (5.7%), 11 participants were from degree program (20.8%) and eventually the large majority of participants, 19 participants came from the diploma program (35.8%).Hence, this data displayed that a vast most of participants were diploma students. Meanwhile, the participants also had to report their working hours if they were working in the organization.The results displayed 27 participants worked less than 1 year(62.8%) and 16 participants worked around 1 to 5 years (37.2%). This shows that due to the random selection process, more participants worked less than a year than those who worked about 1-5 years. Age GenderEthnicityOccupationProgrammeWork period (%)(%)(%)(%)(%)(%) 18 and belowMaleMalayStudent Artsless than 1 year = 10.9%= 62.5% = 6.3%= 68.8%=30.2%=62.8% 19FemaleChinesefull time employedScience & Tech1 to 5 years = 43.8 %=35.9%= 32.8%=14.1%=7.5%=37.2% 20non-binaryIndianpart-time employedA-level = 20.3%= 1.6%= 59.4%=14.1%=5.7% 21Sudaneseself-employedDegree =12.5%= 1.6%= 1.6%=20.8% 22 and aboveunemployedDiploma
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= 12.5%= 1.6%=35.8% Table 1Percentage of demographic data of participants RQ1:The level of social media marketing usage in this era In the second part of the questionnaire, referred to as Part B, there were5items targeted to address the first research question regardingto the level of social media marketing usage. This information was important to the study's analysis of the respondents' daily use of social media.And all the items were related to the study. All five items of section B is designed in the form of Likert scale questions.Whether they answered positively or negatively, the respondents' choice of option would show how they felt about the question. ItemsMean i.Do you often engage in social media platforms?4 ii.Do you follow company brands on social media?3.53 iii.Do you think company brand can keep up to date with sales and promotions by using social media? 4.14 iv.Does social media platform increase brand awareness?4.16 v.Does social media helps to reach target customers?4.42 Average4.05 Table 2Items in Part B of the online questionnaire and the mean score ItisnoticeablefromTable2'sstatisticsthatthemajorityof participants often utilise social media and they believe that social media has a positive impacts on sales and brand awareness of a company brand as theaveragemeanscore for the items round up to a score of4.05. furthermore, from these findings,It is clear that from item II's conclusion the majorityof participantswith the mean score of (3.53)attempt to
follow corporate brands on social media and it show that level of social media usage is much higher and have lots of audience. As These finding alsorevealthatalmosteveryoneinthiserausesfromsocialmedia platformsasitemIwiththemeanscoreof(4)resultedwith46 respondentsagreeing,6respondentsdisagreeingand12respondents who neither agree nor disagree. Furthermore, the highest mean score (4.42) item V shows that most of the participants those who already used from social media marketing are in this believe that social media can help businesses to reach to their targeted customers, as there arenot any participants disagree with this question only 10 participants stayed neutral and 54 participants agreeing with. The mean score for itemIV (4.16)is able to provide those participants accept social media platforms can increase brand awareness that led to attractionofmorecustomersforabusiness.Asonly2participants disagreeing and 50 participants agreeing just 12respondents who neither agree nor disagree.Item III with the mean score of (4.14) reveals that companies can keep up to date with sales and promotion by using social mediamarketing.Itgivesresearcherstheideathatacompany performance can grow better and business can stay well in market by social media marketing usage as49 respondent agreeing with it and only 2 respondent disagree and 13 respondent stayed neutral. Considering what these items have revealedthat social media has a significantimpactonbusiness,asseenbyitsincreasedusageand audience. Because of higher existence of users and audience the chance of interaction and attracting new customers is very high this is consistent with a study conducted byJoel Källbäck (2019), they also find thatin terms of social media marketing, it can make content go viral without having to pay extra.The previous and current study finding’s shows that in this era almost everyone accept that social media marketing is an effective way for better business performance because of higher level of social media usage.
RQ2:How does social media marketing affect the business growth and performance? In the third section of the survey, officially known as Part C,there were 6 items in total that were assigned to deal with the second research question regarding to effects of social media marketing for business growth and performance.This information was crucial and served as the foundation for the study's analysis of whether there is a relationship between social media marketing and business performanceor if they are just independent and unrelated.The six items in Part C were all created as Likert scale questions. The respondents' selection of an option would indicate how they felt about the question, regardless of whether they replied
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affirmatively or negatively. The mean scores of each item can be interpreted through Table 3 below. ItemsMean i.Do you believe that social media marketing activities affect consumer perception of a company? 4.18 ii.People mostly buy,which brand posts are most popular.4.25 iii.Social media innovates the ways of advertising products or services in an efficient manner. 4.16 iv.Does social media brand posts enables impulse purchase?4.17 v.Consumersbelievethatinformationsharedbyother customersonabrand'ssocialmediaplatformsis trustworthy. 4.08 vi.Doyoubelievesocialmediamarketinghashelpedin increasing sales of a brand? 4.5 Average4.22 Table3Items in Part C of the online questionnaire and the mean score Depending on the data in Table 3, it can be determined that the use of social media marketing relates and have positive impacts on business growth and performance as the items' average mean scores roundedup to 4.22.These findings all can confirm and uphold the previous studies with the similar results, a study conducted byTajvidi& Karami (2021),It has been observed that use of social media has tremendous impact on SMEs overall performance and coping with social media for bookings and advertising and marketing has tremendous and big impact on standard overall performance of firms.
Out of the 6 items in this section of the questionnaire, there were all had a positiveand strongstatement.The item VI with the (4.5) mean score which is the highest mean score of questionnairesprovide the evidence that almost all the participants strongly agree that social media marketing usagecanhelpacompanytoincreasetheirsalesas40respondents which form 62.5% of the participants strongly agree with the item also another 16 respondents agree and only 8 participants stayed neutral. Item I that is also related and similar to item VI provide efficient data that social media is effective for business performance as it has mean score of (4.18) which 49 respondents agree and only 3 participants disagree with this item and 9respondents who neither agreed nor disagreed. Overall, both theitemsarecompletelyabletogiveaninsightthatsocialmedia marketing can increase sales in a business. Furthermore,theitemIIwithameanscoreof(4.25)with53 respondents agreeing, 3 respondents disagreeing and only 8 respondents neitheragreednordisagreedthesefindingsimpliesthatpeoplewill mostly buy the products that they have a popular post related to that and it show the effects and impression of social media marketing that have on customers attraction.Item IV resulted in a mean score of (4.17)with50 respondents agreeing,1respondent disagreeing and13respondents who neither agree nor disagree. This can provide the observationthat social media marketing can attract a lot of impulse buyers for the businesses and it can enable impulse purchase will enable by advertising through social media posts. Item III with a mean score of (4.16) that 52 respondents agreeing, 3 respondentsdisagreeingandonly9respondentsneitheragreednor disagreed can interpret that mostly users who already used from social media marketing understand that advertising through social media don’t
bring too many expenses and cash outflow for a company so social media marketing can also be way more effective and alsohelp with a business extra expense. The Item V with mean score of (4.08) that 51 respondents agreeing,5respondentsdisagreeingandonly8respondentsneither agreed nor disagreed so it reveals that using social media can also do a free advertisement for businesses as social media marketing bring World- of-Mouth (WOM) marketing for a company that by posting other users about a company’s product the business can gain benefit. overall,itcanbeconcludedthatsocialmediamarketinghasa positive and significant effect on business growth and performances, as all the items received a mean score of (4.22). It also reveals the benefits of social media marketing for a business such as enabling impulse purchase, increasinginsalesandcostofadvertisementforacompany.These findingshave similarities with the finding ofBalakrishnan et al (2014), that obtainedonlinemarketingcommunications,specificallyE-WOM,Online Communities and Online Advertisement are effective in promoting brand and product through company website and social media platforms. Conclusion Thepresentstudywasdesignedtodeterminetheeffectand impacts of social media marketing on business performances and growth. As social media become a very popular tools in this era, business owners use from social media marketing to get the benefits of modern advertising through social media in an effective way and low expenses. So, this study also relevant the benefits and challenges of social media marketing. The researchers focused on two objectives to complete the study. Firstly, the researchersaimedtounderstandthelevelofsocialmediamarketing usage among business owners andthe second aim of this study was to investigatetheimpactsofsocialmarketinginbusinessgrowthand performance.Inthisstudy,theresearchersusedanonlinesurveyto
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methods to accumulate data from64 participants from adolescents under the age of 18 to over the age of 22from Sunway college and university business programs students.The online survey was also distributed through the platform of Google Forms. This study has identified,thatsocial media marketing has a huge impact onbusinessperformancesandgrowth.Thisstudyhasshownthatthe majority of participants often utilise social media and they believe that social media has a positive impact on sales and brand awareness of a company brand. Also, this study has also shown that most participants attempt to follow corporate brands on social media, and it show that level of social media usage is much higher and have lots of audience.These experiments confirmedthat almost all the participants strongly agree that social media marketing usage can help a company to increase their sales and enable impulse purchase. Lastly,this study has found that generally social media marketing can decrease the total cost of advertisement in a company and increase the profit. While conducting the research, some limitations were inevitable as aresultofcircumstances.Themainweaknessofthisstudywasthe paucity oftargeted sample profile or business owners participants, as we were only limited to an academic circle of people instead of collecting information from businesses we preferred to collect the data from Sunway businessprogram’sstudents.Sincethestudywaslimitedtobusiness students,itwasnotpossibletolookaftersocialmediapagesand performances to analyze the actual impacts of social media marketing by evident.A limitation of this study is that, the survey methods were strictly limitedtoonlinesurveymethodsratherthaninterviewingrespondents directly,allowingthemtodeepentheirresponsesandshowspecific experiences and factors that influenced their responses.
Additionally,Thestudyislimitedbythelackofitemsassome aspects of social media marketing should have been considered in this study, but they were not covered. Overall, there were only eleven items in questionnaire which can not bring enough information for covering every detail of the topic. One of the major problems for researchers wasLack of previous research studies on the topicas for social media marketing topic there is only limited researches, Or even if we could find some previous studiesmostofthemwerefrommanyyearsagowhichsocialmedia marketing was not so common among business owners as social media marketing become a very essential business tools these few last years the age of data is important in this aspect. In addition, the online survey was conducted on a random sample of respondents and was not fully controlled, so researchers could not identify respondentswhodidnotrespondhonestlyordidnotagreewiththe response. Also, if the survey could be conducted as an interview, the investigatorwouldhavebeenabletoexplainthequestiontothe respondents and get the most accurate answer. The researchers anticipate future studies to examine the limitations that arose during this study and to find ways to overcome the problems encountered to obtain more quality research. To begin, the researcher expects that future studies with the same factors of social media marketing and business growth and performance could be conducted by interviewing respondents to obtain more in-depth responses and further study the area of social media use. This will allow future studies to have broader information on social media marking towards business growth, as well as performance. This would also allow researchers to investigate certainaspectssuchasmanners,emotions,andactions,whichwouldprovidea comprehensive understanding of the respondents' actual feelings on the issue. For example, suppose a question regarding the level of social media usage in marketing within the respondent in relation to their social media usage is asked. In that case, facial gestures and tone of voice can be evaluated throughout the interview. The methodology variation could
contribute to a significant difference in the results of impacts of social media marketing on business growth and performance. Furthermore, future studies should employ more comprehensive questions regarding social media marketing and its impacts on business growth and performance by adapting various sources of survey questions provided by previous researchers to achieve more accurate data on these variables. Other than this, it is recommended that future studies aim to enhancethesamplesizeanddiversityofagegroupsofrespondentsthroughoutthe investigation of their variables to provide a sufficient and accurate depiction of all ages in the adolescent phase. This could be done by conducting the research for a longer duration of time, allowing researchers to reach a higher proportion of adolescents effectively. Finally, the researchers encourage future studies to cross-reference previous studies throughout their own research in order to gain a balanced perspective and deeper understanding of various theories about the topic itself in order to reach their own overall conclusion. References Amedie, Jacob, "The Impact of Social Media on Society" (2015). Advanced Writing:PopCultureIntersections.2. http://scholarcommons.scu.edu/engl_176/2 Aaker, D (1991), Managing Brand Equity: Capitalizing on the Value of a Brand Name, FreePress, New York, NY. Aaker, D (1993), ``Are brand equity investments really worthwhile?'', in Aaker D.A. andBiel, A. (Eds), Brand Equity and Advertising; Aaker, D (1996), Building Strong Brands, Free Press, New York, NY, p. 150.
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The Power Of Social Media To Capture Today's Consumer. (Julie Meredith, 2020) https://www.forbes.com/sites/forbescommunicationscouncil/2020/06/25/ the-powerof-social-media-to-capture-todays-consumer/? sh=2314363789e1 Yan, L., & Musika, C. (2018). The social media and SMEs business growth: How can SMEsincorporate social media.