Weber, T. (2010). “Why companies watch your every Facebook, YouTube, Twitter move.” BBC News Online. Retrieved on October 6, 2010: http://www.bbc.co.uk/news/business-11450923 Summary: Weber makes the point that many companies are changing the way they are monitoring, interacting, and responding to social media. Although many companies have not fully encompassed the impact social media can have on their businesses, those that have, are actively incorporating it into both a communications tool and to a customer relationship management channel. Through social media, companies now have for the ability to collect people’s thoughts, feelings and sentiments in real-time, thus unlocking anything from current trends and hot topics to the reach of their brand and how the completion is doing. The fact that the application of social media is still not mainstream, means that businesses that have fully embraced its potential likely have a level of insight their completion is lacking, and thereby are creating a competitive advantage vs. their peers. While some companies are still on the fence trying to figure out what to make of it, others have already come to the realization that marketing outside the social media channel is thinkable! User Groups: Weber makes the point that in order to…
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