Social Media Means
Photo: Thought Catalog
The seven functional blocks of social media. Kietzmann, Hermkens, McCarthy, and Silvestre (2011) developed a honeycomb framework that identifies seven functional building blocks of SM: identity, conversations, sharing, presence, relationships, reputation and groups.
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Read More »Digital marketing can be seen as a tool to promote the company more efficiently, and it should be understood effectively by companies so that they are better able to select efficient marketing tactics and strategies ( Taiminen & Karjaluoto, 2015 ). Within digital marketing, we can isolate SM as “a group of internet-based applications that build on the ideological and technological foundations of Web 2.0 and that allow the creation and exchange of user generated content” ( Kaplan & Haenlein, 2010 , p. 61). Social networking tools (e.g. Twitter and Facebook), professional networking sites (e.g. LinkedIn), media sharing sites (e.g. Instagram and YouTube), commerce communities (e.g. Amazon and eBay), blogs (e.g. Blogger and Bloglines) and discussion forums are examples of SM platforms. SM has changed the way companies have done business over the years ( Ramsaran-Fowdar & Fowdar, 2013 ), and as a result, in recent years, SM sites have become essential for users and companies ( Maecker, Barrot, & Becker, 2016 ). Although the internet has created huge new opportunities for companies over the years, it has also generated new challenges ( Strand, 2011 ). However, there is a lack of understanding of how and why organisations are actually using these platforms ( Tsimonis & Dimitriadis, 2014 ). Through Facebook, companies can connect with many more people, more than through phone calls, e-mails or meetings ( Luke, 2009 ). Moreover, costs of communication have fallen drastically with this SM, generating opportunities for companies to communicate quickly, directly and consistently with millions of customers ( Mize, 2009 ; Palmer & Koenig-Lewis, 2009 ). Consequently, companies invest a lot in SM platforms by creating brand fan pages on which companies publish brand posts that users can like, comment on or share, and where the company can reply to comments ( De Vries, Gensler, & Leeflang, 2012 ; Labrecque, 2004 ). Facebook (2019) , with more than 2.2bn users, is the largest form of SM worldwide. It generated more than $55bn of revenue in 2018, it is the sixth company in the world in market value, with $22bn net income, it is a huge company and an important media to worldwide advertisement, and around 50 per cent of its revenue comes outside USA. Companies need to have a Facebook fan page, which must be well configured and customised ( Valos, Habibi, Casidy, Driesener, & Maplestone, 2006 ; Mangold & Faulds, 2009 ). In 2019, in Portugal, Facebook’s relevance has been seen to be high: about 6.5m of people are its users (65 per cent of the total population) and 90 per cent of all internet users are on Facebook, the first website in the country. Portuguese people, in an international ranking, have taken the first place in looking for information online and 15 per cent have the habit of checking Facebook as long as they are awake ( Hootsuite, 2019 ). Facebook has become a significant tool in engaging with consumers and creating brand awareness ( Malhotra, Kubowicz Malhotra, & See, 2013 ). Approximately 2.2bn people currently have a Facebook profile according to data from 2017. According to a study conducted by Nielsen in 2012, around 53 per cent of Facebook members follow brands at least once per month, learn more about brands (65 per cent) or hear of others’ experiences with brands (70 per cent) ( The Nielsen Company, 2012 ). Social networking sites allow for interaction between consumers and the community and facilitate the “asynchronous, immediate, interactive, low-cost communications” ( Miller et al., 2009 ). According to Kaplan and Haenlein (2010) , SM, Facebook in particular, represent a vast area of opportunities for firms. Facebook has many types of pages and other ways that allow people to connect, but there are, according to Strand (2011) , four main types of Facebook pages: personal pages, fan pages, official pages and community pages.
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Read More »Reputation “Reputation” refers to the ability of users to identify the standing of others (including themselves) within an SM platform. For example, Facebook users can “like” certain content and comment on it. According to Kudeshia, Sikdar and Mittal (2015), online reputation is an important element for the success of a company. An online presence allows companies to understand their customer’s feelings about the brand and it could also be an opportunity to avoid any negative thoughts. Online reputation management is very important for online community marketers (Kietzmann et al., 2011). According to Baxi, Panda, and Karani (2016), one negative comment on company SM platforms can create a negative impact on the minds of other community members. To restrict the negative impact, quick responses to every negative comment are required. Negative WOM publicity has a higher impact than positive WOM publicity. According to Kudeshia et al. (2015), online reputation is an important element for the success of a company. An online presence allows companies to understand their customer’s feelings about the brand and it could also be an opportunity to avoid any negative thoughts.
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