Question

Question 3: Is facebook becoming the whole worlds social network? Facebook growth is already known as massive. Is facebook becoming the global phone book? What potential business opportunities could be created by a worldwide social media network or phone book? What implications of a world phone book for social change? What would be the benefits and challenges of global social networking? How would tags and crowdsourcing be affected by a global social network?

Answer 1

Is face book becoming the whole worlds social network?

Yes! According to me face book is day by day becoming a whole worlds social network as people from across nations and boundaries are a part of this social media platform. People can be connected irrespective of the places they live in or culture they come from. It is becoming more of a global platform to interact on and thus bringing together nations.

Is face book becoming the global phone book?

Yes! face book is now becoming a global phonebook, where information about anyone can be obtained using this social media platform, without even putting in extra efforts. This can be used by organizations to extract information about customers or even employees as and when needed.

What potential business opportunities could be created by a worldwide social media network or phone book?

• Business can contact larger number of customers across markets in minimum period of time.
• Business can market their products world- wide using face book by involving least cost.
• Using face book business can get the ideas about the new products launched or any modifications in features expected by the customers.
• Feedback can also be generated by the company using face book and then take decisions after thorough analysis.

What would be the benefits and challenges of global social networking?

Benefits:

• Grabbing more number of customers at a time for advertising the products.
• Taking feedback on larger basis by vast group of customers across nations.
• Information about competitors and their way of advertising can be judged using social media.

Challenges:

• Sometimes customers do not trust the products offered online or via social networking sites, and consider them as fake.
• Fake reviews are usually given by the customers on social networking sites.
• Collecting customer data from such sites is a risk, as most of the people update false set of information.

How would tags and crowd sourcing be affected by a global social network?

• There will be a positive effect on the crowd sourcing as more ideas can be generated using the social network sites.
• Different people come together to give feedback on number of issues to the business, hence help business grow.