Social Media Essay

744 words - 3 pages

Social Media plays an important role in all aspects of businesses today. It has helped in turning communications into interactive dialogues among organizations, communities and individuals which has led to a much proper propagation of information. It may include web based or mobile based technologies and the existence in multiple forms has made it all the more tempting and has become a necessity today in the business world. Most company’s main goal is to keep its costs low. Companies do so by creating their own logistics and distribution of their products. They have managed to reduce costs by demanding high productivity from their employees, but wages paid do not meet the demand. They ...view middle of the document...

S.A. have an irreplaceable capacity to protect and improve shareholder wealth. (Bagley, 2000, pg. 2)
A manager can also make their own private or personal law, by entering into contracts and creating certain governance structures in order to manage risk.
Legally astute managers view the cost of abiding by government regulations as an investment and not an expense. Instead of just complying with the law, they seek out opportunities to make operational changes, which will allow them to convert regulatory restraints into innovative occasions.
Companies are addressing more ways to adjust to the individual needs of their consumers, but the legal reality of finding trustworthy resources regarding transactions for purchases are in higher demand with all the social networking sites becoming more popular in the present time and within the coming years; the legally astute managers have to review all possible aspects of these social networking sites as the companies they work for reach a higher level of interaction with their consumers through their business profiles.
“We are in the midst of a communications revolution. Use of social media for communication purposes continues to grow, while "old school" messaging media like email is on the decline. Facebook reportedly has reached 700 million users worldwide and is putatively valued at $50 billion dollars....

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