Implications of Social Media Tools in Developing Good Relationship with Customers
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Added on Β 2023/02/06
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This presentation explores the implications of social media tools in developing good relationship with customers and its impact on small business enterprises. It includes research aims, objectives, data analysis, conclusion, and recommendations.
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Table of cover content ο¬Introduction ο¬Research Aim ο¬Research Objectives ο¬Data analysis ο¬Conclusion and Recommendations ο¬References
Introduction β’Asperthecurrentsituationofbusinessenvironment,the competition has gone very up as lots of companies have entered the market and they are doing their doing their business activities in an effective manner as well.
Research Aims β’Aims-βToidentifytheimplicationsofsocialmediatoolsin developinggoodrelationshipwithcustomersandascertainits impact on Small business enterprise. A case study on Softwire organisationβ
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Research Objectives β’To ascertain the effectiveness of social-media tools in providing satisfying in the current business environment. β’To identify the impact of digital technologies on the activities conducted by small business enterprise. β’To determine the various measures which is being implemented by the company to provide satisfaction to their customers. β’Recommendation of various ways through which Softwire can attain effective position in the market.
Research Objectives ο¬How toascertain the effectiveness of social-media tools in providing satisfying in the current business environment ? ο¬How toidentify the impact of digital technologies on the activities conducted by small business enterprise ? ο¬What are the various measures which is being implemented by the company to provide satisfaction to their customers ? ο¬Provide Recommendation regarding various ways through which Softwire can attain effective position in the market
Data Analysis β’This research part is related with the interpretation of data collected in order to design an effective conclusion and Recommendation.
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Theme 1: Purpose for which company will implement digital technology Q.1) For what purpose will a company implement digital technology at workplace Freque ncy Maximising sales10 Improving performance5 Protecting data5 All of the above10
Theme 2: Benefits to small company after implementing digital technology Q2)Willasmallcompanybe benefitedwithimplementationof digital technology? Frequency Yes25 No5
Theme 3: Drawbacks which a company might face while applying digital technologies Q3) Are there any drawbacks which a company might face while applying digital technologies? Frequency Complexities10 High Cost6 Time consuming6 All of the above2
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Theme 5: Social media tool IS beneficial for the company to achieve their growth and development Q5) Does Social media tool can be proved as a beneficial tool for the company to achieve their growth and development? Frequency Yes22 No8
Theme 6: Effect on customers if the company will make useofsocialmediatoolforachievinggrowthand profitability. Q6) Does the customers will be affected if the company will make use of social media tool for achieving growth and profitability? Frequency Agree20 Disagree10
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Theme 7: Major importance of social media instruments in accelerating development of Softwire Q7) What are the major importance of social media instruments in accelerating development of Softwire ? Frequency ο·Boosting brand awareness6 ο·Maximise Inbound Traffic8 ο·Effective Customer Relationships7 ο·Team Collaboration9
Theme 8: Various kinds of benefits which is being gained by the company after making proper use of digital tools and techniques Q8) What are the various kinds of benefits which is being gained by the company after making proper use of digital tools and techniques? Frequency ο·Time saving10 ο·Quick service6 ο·Reduction in prices8 ο·Satisfaction of customers6
Theme 9: Ways through which social media tool can be utilized by the company and the customers as well Q9) What are the ways through which social media tool can be utilised by the company and the customers as well? Frequency Mobile applications12 Website7 Online Apps6 Cloud computing5
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Theme 10: Social media tool influences the customers towards the goods and services produced by the company Q10) Is social media tool useful in influencing the customers towards the goods and services produced by the company? Frequency Yes24 No6
CONCLUSION ο¬From the above prepared report, it can be concluded that it is very essential for the company to apply various kinds of tools and technologies. β’By applying digital technologies, various new opportunities are also opened for the company which they can make use of it for growing their business in the market. β’With good support of company, they will be able to develop their level of performance in the market and profitability as well.
RECOMMENDATION ο¬It can be recommended that corrective designs and structure can be used so that they can conduct all of their activities in a proper manner and enhance the profitability level of the company as well. ο¬Company is also required to make use of various kinds of innovative methods while producing various kinds of goods and services
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REFERENCES β’McGrath, S., 2012. Vocational education and training for development: A policy in need of a theory?.International Journal of Educational Development. 32(5). pp.623-631. β’Costen, W. M. and Salazar, J., 2011. The impact of training and development on employee job satisfaction, loyalty, and intent to stay in the lodging industry. Journal of Human Resources in Hospitality & Tourism. 10(3). pp.2 733- 284