Business Communication Essay: Social Media and SME Profitability
VerifiedAdded on 2022/09/12
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Essay
AI Summary
This essay examines the impact of social media on the profitability of Small and Medium Enterprises (SMEs). It argues that social media, particularly Facebook, revolutionizes business communication by facilitating outsourcing and enhancing brand visibility. The essay highlights how Facebook's cost-effectiveness and accessibility make it a valuable tool for SMEs to attract customers, track consumer behavior, and increase sales. The essay supports its arguments with references to academic research, emphasizing the importance of attractive Facebook posts to lure customers and the need to address security concerns for customer loyalty. It concludes that Facebook is an essential social media platform for SMEs to expand their businesses and engage with their target audiences. The essay is a response to the assignment brief to critically evaluate academic research to form an argument on an organisational topic that is supported by evidence. The essay is available on Desklib, a platform offering AI-powered study tools, past papers and solved assignments for students.
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