Social Media Marketing Strategies and Organizational Benefits Analysis

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Added on  2020/05/11

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Homework Assignment
AI Summary
This assignment analyzes the role of social media marketing from a managerial perspective. The assignment includes a transcript of responses from managers outlining their strategies for leveraging social media platforms (Facebook, Twitter, Instagram, and YouTube) to achieve business objectives. The managers discuss increasing brand awareness, improving market penetration, and gaining a competitive advantage. They highlight the importance of SEO, celebrity endorsements, and continuous content auditing. The analysis covers how social media marketing integrates into growth plans, focusing on market trend analysis and adapting to changing consumer needs. The assignment also discusses the expected benefits, such as improved market insights and increased customer interaction, which contribute to organizational success.
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Transcript
1. What is your purpose of using social media marketing?
Manager 1, 2 and 3:“Social media marketing increases our brand awareness which in turn
increases our inbound traffic. Moreover, social media marketing is less expensive and can have a
long term impact at minimal cost if used effectively. “
Manager 4 and 5:“Social media marketing improves the conversion rates and search engine
ratings of our websites. Moreover, it provides better insights on the market trends and the change
in needs and wants of the consumers. “
2. What do you expect to achieve by using social media marketing?
Manager 1, 2 and 3: “I expect that by using social media marketing we can penetrate further into
the market and increase our share in the market. “
Manager 4 and 5: “We have set goals and targets which can be achieved by using social media
marketing. We want to increase our consumer base by acquiring new consumers. “
3. What are your strategies of effectively implementing social media marketing?
Manager 1, 2 and 3: “We are to continuously audit the social media content to check its
relevancy, tone and voice. We are using Search engine optimization and search engine marketing
as tools to increase the rating of our websites”
Manager 4 and 5: “We are forming partnership with different celebrities where they will be
promoting the organizational products. We are also approaching personnel that are famous on
social media platforms for promoting our products.”
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4. How does your growth plan accommodate social marketing?
Manager 1and 2: “Social media marketing is one of the essential aspect of our growth plan. In
order to grow in new market, increasing brand awareness is necessary as it invokes brand loyalty
among the consumers.”
Manager 3, 4 and 5: “We are focusing social media marketing as a strategy in our growth plan.
Social media will help in identifying the current market trends and gather information regarding
the changing consumer needs. This will provide competitive advantage to the organization.”
5. What are the social media platform you plan to use?
Manager 1, 2, 3, 4 and 5:“The social media platform we will be using are Facebook, Twitter,
Instagram and YouTube”
6. How will it benefit the organization?
Manager 1, 2 and 3: “The organization will gain competitive advantage by using the social
media platform as the current trends in the market and the future market trends can be analyzed
easily.”
Manager 4 and 5: “Social media marketing increases the market penetration and interaction. We
are able to interact freely with consumers and maintain a level of transparency. “
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