Social Media - What is social media? We know and have heard a lot about social media and most of us have been a very avid user of Social Media. In fact while writing this blog I am generating content for one of the mediums of Social Media. So Social Media is something for which the content is user generated and is quite interactive and buzzing. Social Media is all about Facebook, Twitter, Whatsapp, Blogs etc.

But the big question is why and how social media  can be an effective utilised in the Enterprises. The social media can build or tarnish reputations for the enterprises. In fact Enterprises are using Social Media for, though not limited to
  1. Brand Management
  2. ORM - Online Reputation Management
  3. Customer Service and Engagement
  4. Market Research
  5. Competitive Intelligence
  6. Innovation Management

Social Media is being constantly monitored by the Enterprises to make sure that the company's or product's reputation is upheld in the market. Services are being employed to make sure that as soon as the keyword related to the organisation or product appears, an alert is getting generated so that the Senior/Middle Management can respond. Infact even if a service or a product goes awry, the user created content showing dissatisfaction if answered within a given SLA, gives the enterprises a competitive advantage. An answer by a Senior/Middle Management shows that the enterprise cares about their product/services. Though Social Media Readiness is not easy to implement and there are no written rules as such but the Readiness Model can be incorporated by the Enterprises in the following manner to ensure that it falls under a certain delivery model. Infact in the Porter's Value Chain Analysis Enterprises can start incorporating it whilst involving Inbound Logistics, Supplier Relationship Management, Sales and Marketing and Public Relations.

Social Media Readiness Model
  1. Ad-Hoc
  2. Incipient
  3. Formative
  4. Operational
  5. Optimal
PS:-This Blog is my understanding in discussion with Apoorv Durga, Doctoral Student, FMS and much of the content has been his courtesy.