Report: Social Media & Smartphone Impact on Youth Business Savvy

This report analyzes the effects of social media and smartphone technology on the business-savvy status of 21st-century youth. The study hypothesizes that social media and smartphone proficiency equate to business acumen in the modern era. It explores how social media facilitates constant connectivity with potential clients, enabling exponential business growth and breaking down traditional barriers. The report also highlights the role of smartphones in creating virtual offices and promoting the "Bring Your Own Device" culture, thereby enhancing availability and efficiency. The conclusion reinforces the hypothesis, asserting that social media and IT technology savvy are indeed business savvy, given the trends of increased social media usage among youth and the advantages these platforms offer in terms of business growth, accessibility, and future technology adoption. The report supports its claims with several references.

The effect of social media and smartphone technology on the business-savvy status
of 21st-century youth
Introduction
The fourth generation of the industrial revolution is already on its way. It implies that in the
coming future, most of the business models will shift their functions and mobile technology
and other virtual platforms will take the front seat. With an intention to launch an effect
analysis study we would like to present a hypothesis related to the significant effects of
social media and smartphone technology over the ability of the youths to become successful
in the field of business (Dance, 2019). We will examine the worth of the above statement
under the hypothesis that says "Smartphone and social Media Savvy is "New business
Savvy."
Social Media is the latest buzzword to contact people and stay connected with them
The business models of the 21st century promote and facilitate the culture of exponential
growth within no time. Any person who is savvy with social media skills always has this
opportunity to stay in constant touch with the people and approach more people with fewer
efforts, any individual with no social media skills can fall flat in this department. Here we
would like to supply one more fact that most of the traditional real-world businesses are also
shifting their base on social media (Fieldman, 2019). A constant connection with prospective
clients on social media can always prosper the chances of success for an individual. A
business savvy person is required to stay connected with his prospective clientele and in the
future social media can serve as a serious platform for that.
Exponential growth is always on the cards
Social Media and IT technology tools have the power to handle enormous quantities of the
workload with the help of a "men & machine" coordination. For instance, after creating a
strong network on social media an individual can launch messages with great ease and it

can increase his chances of success quite considerably. A business savvy person knows the
importance of exponential growth and social media presents this opportunity and restricts
entry barriers quite easily (Blount, 2019).
The culture of “Bring Your Own Device” (BYOD) is changing the official space
A smartphone can be converted into a virtual office. This ability can increase the chances of
an individual who can work on and off or work during odd hours. A smartphone loaded with a
BYOD feature can allow a business person to stay active and available without wasting
much time in fulfilling the rhetoric office related formalities. Most of the big offices are
promoting this culture and they are seeking for employees and business partners that are
friendly with the culture of the virtual office place (Ahamd, 2019).
Conclusion
The corporate corridors across the world are abuzz with the sayings like "Virtual is a new
reality." More and more individuals are becoming smartphone savvy and using social media
as a communication tool. Individuals are spending more time on social media instead of the
real world, if we give a moniker of "social media savvy" to these individuals then the next
statement will say that the " number of "social media savvy" individuals is registering a
mercurial rise.
Any business is dependent on the flow of traffic. Right now the tide is in the favor of social
media platforms. Any kid or young person spending more time on this mobile phone and
social media is actually earning expertise in a new culture which is going to become the axis
of future business activity. The three conditions of "exponential growth of the business,
constant availability and future technology friendly are served well by social media. It proves
that our hypothesis that "social media and IT technology savvy is business savvy stands true
in our observations.

Bibliography
Ahamd, I. (2019). The Savvy Marketers' Guide to IGTV [Infographic]. Social Media Today,
https://www.socialmediatoday.com/news/the-savvy-marketers-guide-to-igtv-infographic/
546509/.
Blount, R. (2019). Game-changers: Big things expected from the major move to young coach. Star
Tribune, http://www.startribune.com/big-things-expected-from-move-to-young-coaches-
with-minnesota-teams/505870852/.
Dance, A. (2019). How business-savvy scientists can find success in the risky start-up world.
www.nature.com, https://www.nature.com/articles/d41586-019-00523-0.
Fieldman, L. (2019). Doing business in the sky: Local tech-savvy companies attract new business
through drone technology. Daily Hampshire Gazette, https://www.gazettenet.com/Drone-
businesses-in-the-Pioneer-Valley-23443175.