We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Social Capital, Support Innovation, And Aid Problem Solving In Multinational Corporations - Essay Example

Comments (0) Cite this document
Summary
Social media has been successfully adapted by a few MNC’s as channels for research and innovation. They have also shown their potential in promoting knowledge sharing and team building. …
Download full paperFile format: .doc, available for editing
Polish This Essay97.2% of users find it useful
How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Social Capital, Support Innovation, And Aid Problem Solving In Multinational Corporations
Read TextPreview

Extract of sample
"How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Social Capital, Support Innovation, And Aid Problem Solving In Multinational Corporations"

Download file to see previous pages The use of Twitter for professional enhancement is well established now. The educational philosophy of constructivism offers a strong rationale for greater social media integration within the organization. These days, just as the sweep and reach of social media has increased, so have the niche media spaces that facilitate the interaction. Hence, beyond the prominent household names of Facebook, Twitter and LinkedIn, we now have other specialized avenues for interaction like wiki portals and Youtube repositories of learning videos. In today’s competitive business environment, it is imperative for mutli-national companies to adopt social media strategies for external and internal communication. Social media sites like Facebook, Twitter, LinkedIn, etc can be useful allies for managers in promoting knowledge sharing and team building. If applied selectively and appropriately, these media facilities can be sources of innovation and problem solving within the business corporation. The term ‘social media’ is a bit misleading and off-putting for managers, as it sounds as an avenue for recreation and time-pass. But when one understands the full scope of possible activities that could be carried out through these sites its utility for managers becomes clear. Another positive aspect of social media sites is their malleability/customizability to specific organizational purposes and goals. Beyond the prominent sites like Twitter, Facebook and LinkedIn, there are a host of more specialized sites for sharing pictures or bookmarks or applications have cropped up. There are also niche professional blogs and wikis which are seeing steady increase in patronage. (Zielinski, 2012) The objective of this essay is to argue in affirmation of the positive role of social media to improve knowledge sharing, build social capital, support innovation and aid problem solving in multinational corporations. Social media as a tool for innovation and research: A key area where social media sites differ from conventional sites is the content. The former generate their own content, “collaboratively creating, editing, sharing, tagging, and organizing information, reshaping the contributions of others and engaging in peer-to-peer discussion. These are emergent technologies, meaning that structure and content and even application emerge with use, from the needs and activities of the users.” ("The Revolution Will Be," 2011) And it is in this feature of dynamic and contemporaneous content that best suits knowledge sharing exercises. This feature is as well suited to the organizational task of building social capital. Management thinker James Surowiecki has argued in his book, The Wisdom of Crowds, that by tapping the power of social media and in creating goal-specific discussion forums etc, substantial social capital can be built. In forums such as these, people from diverse backgrounds and opinions can bring to table “shrewd judgments and creative solutions”. The management can play a constructive role in this process by setting up apt mechanisms to collect and assimilate feedbacks, inputs and opinions. Surowiecki’s concept is closely aligned with that of ‘crowd-sourcing’, which is an emerging model of employee participation in the creative processes of business development. And social media outlets have been the backbone of prominent examples of crowd-sourcing. ("The Revolution Will Be," 2011) For a company to excel in innovation, it must allow employees a convenient and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Essay”, n.d.)
How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Essay. Retrieved from https://studentshare.org/management/1469725-how-can-social-media-such-as-linked-in-facebook
(How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Essay)
How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Essay. https://studentshare.org/management/1469725-how-can-social-media-such-as-linked-in-facebook.
“How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Essay”, n.d. https://studentshare.org/management/1469725-how-can-social-media-such-as-linked-in-facebook.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Discuss how social media can be used to build a brand community and illustrate your answer with detailed examples of such use
Brands do not exist in isolation. They produce shared meanings and unite consumers around them. The success of brands largely depends on the success of communication between them and their supporters. From the Marxist perspectives, brands build on productive communication, which leads to the creation of an ethical surplus (Arvidsson 2005).
6 Pages(1500 words)Essay
The Use of Social Media in Multinational Corporations: Methods, Advantages and Disadvantages
Many businesses start of in a single country, and as their success increases they expand to multiple countries, often flourishing. Entering any new market has risks, and this is particularly true of entering a market in a different country. While the business strategy may be extremely effective in the original location, shifting to a new location and culture can often provide unexpected complications, such as clashes with local customs and expectations.
8 Pages(2000 words)Essay
How Do Organisations use Social Media to Foster Co-operation, Knowledge Transfer and Innovation
In addition, the blog explains the effect or impact of efforts placed by organizations in enhancing such technology. Various papers are focused on in a bid to explaining and finding the answer to the research question. These articles, Ali-hassan et al. (2011), Steinfield, et al.
3 Pages(750 words)Essay
Social responsibilities of multinational corporations
It is sometimes also called an international corporation. MNCs play a major role in the rapid globalization of the world today. The first of their kind was British East India Company, which came about in 1600. The second one followed two years later called the Dutch East India Company.
7 Pages(1750 words)Essay
Social responsibilities of multinational corporations
Different scholars have argued about the role of corporations in complying with host country laws and promotion of their human rights. While others feel the corporations have failed, others fell that corporations are doing all they can to fulfil their social responsibility.
7 Pages(1750 words)Essay
Social Networking Sites
The purpose of this paper is to analyze whether social networking sites such as Twitter and Facebook are good for supporting business. This paper also discusses the potential threats of using networking sites for supporting business. Social networking sites are good for supporting business primarily on enhancing marketing campaigns and improving customer service.
7 Pages(1750 words)Essay
Social Networking Sites
In the field of organizational behavior and human resource management, management thinkers conducted several researches to understand social network. So they acquired better knowledge and techniques from sociology and anthropology like they focused in to the Maslow on the shape of groups and human resource behavior and the attitude in the organizational settings.
10 Pages(2500 words)Essay
How could television be used to improve social and political life in the United States
Since people of all ages, races, and social and economic backgrounds turn to their televisions for information and allow themselves to become influenced by what they watch, programs on television can be used to educate these people on social
2 Pages(500 words)Essay
Multinational Corporations face particularly demanding challenges when it comes to managing their corporate social responsibilities . Critically discuss this statement using real business examples to support the arguments
The business entities are being considered as an integral and significant component of society and procure various resources from society in order to function and operate effectively in
10 Pages(2500 words)Essay
Knowledge Management, Social Networks and Innovation
The efforts typically focus on achieving the organization’s goals such as a competitive advantage, improved performance, integration of the lessons
10 Pages(2500 words)Essay
Let us find you another Essay on topic How Can Social Media Sites Be Used To Improve Knowledge Sharing, Build Social Capital, Support Innovation, And Aid Problem Solving In Multinational Corporations for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us