HI6006 Competitive Strategy Editing Service
Delivery in day(s): 4
Kwayu, Lal and Abubakre, M. (2018) stated that media is one of the major sources of information for people and society. The role of mass media has a great impact on society. The possibility of media impact is seen as a challenge for individual respect as well as autonomy, whether a pro-effect view that presumes people as a guideline mass and cultural dopes. Socialized media occupies a high proportion of leisure time as people nearly spend 25 hours per week on social media. The advancement of technology has brought several advantages to the customers at the cost of traditional media by shifting away the revenues of advertising. In addition, development of size as well as impact on the social media platforms and digital content is expressing the concerns regarding quality content.
The advancement of technology and its adoption across the world has brought a tremendous change in media as well as advertising platforms over several years. The advancement and dramatic change has brought multiple advantages to the customers at the traditional media cost by shifting away revenues of advertising. In addition, technological advancement has brought a massive change in traditional marketing methods where the media channels like newspaper, radio as well as televisions are becoming obsolete continuously (Casero-Ripollés et al., 2016). The taste of customers and preferences are now found on the online platforms like social media as well as applications that are consequently resulted in minimizing the advertisement spending on media along with advertising service markets.
The research aims in analyzing the patterns related to the use of social media platforms and its impact on revenue generation of the traditional channels. On the other hand, the research has the following objectives.
1. To analyze the previous patterns related to the use of social media and associated issues
2. To identify and critically analyze the data regarding the initiated rivalry among social media platforms and traditional media platforms
3. To discover the rivalry that have impact on revenue generation of the traditional advertising channels
4. To identify the factors and areas that are focused by people as advertising platform
5. To develop the future patterns inside the necessary area in public
1. What are previous patterns associated with the use of social media and its issues?
2. What are the major differences between the traditional advertising channels and social media platforms?
3. What are the major factors and areas focused by people as advertising platform?
Barnes (2014) mentioned that social media is considered as a paradigm shift in the worldview compared to new set of tactics. Traditional media is relied heavily on several paradigms where the brand creates a new message as well as transmits that message to masses through broadcast, radio and signage. In addition, traditional media is one of the channels where one-way communication system does not create involvement or work toward promoting. On the contrary, social media provides all benefits as it inherent two-way communication system.
On the other hand, the shift leads to the advertisers utilizing the services are minimal or no cost that is against of several advertising policies presently in the process. It helps in managing the source by using the services as well as the other service markets and shift led to the advertiser using the services are considered minimal or no cost that is against several policies presently occurring (Udani et al., 2018). Hence, the research paper will involve in analyzing the impact of social media platforms and other digital content platforms rivalry on the media as well as advertising service markets. Hence, it becomes important to analyze the importance of socialized media’s impact and dilution of the mainstream.
Introduction, literature review and methodology are discussed regarding the research are explained in the current study. In the first chapter, research aims, objectives, research questions and research rationale are presented, whereas the literature chapter deals with Overview and use of socialized media, advantages and disadvantages of using socialized media as well as the Impact and dilution of socialized media on mainstream. Research methodology chapter deals with the selection of methodological tools so that the research will be conducted in right way.
The development of social media marketing platforms becomes a main part of developing social signals. It becomes significant in search engine optimization campaign. This chapter deals with the data obtained from secondary sources. It covers overview and use of socialized media, benefits and limitations of using socialized media as well as the Impact and dilution of socialized media on mainstream.
Social media could supply valuable market intelligence in order to fill the resource gap as well as minimize through leveraging real-time knowledge about marketing. In addition, learning and marketing capabilities can be obtained through social media. On the other hand, due to impact of social media, relationship between brands as well as customers has brought several changes (Graves et al., 2017). The organizations create effective strategies after analysis and understanding demands of the target customers. On the other hand, traditional marketing mediums like radio, TV commercials as well as print are costly mediums. For children, watching television takes up a similar amount of time to that spent at school. The possibility of media has an impact that is seen as a challenge for individuals respect as well as autonomy. On the other hand, the influence of the media on psychological development of children has been profound. Televisions have potential for generating positive as well as negative impact along with several studies looked on the impact of socialized media.
However, organizations or brands are able to connect with target customers with social media marketing. It is important to manage social media growth that assists in developing tactics in business. The platforms of social media such as Facebook, LinkedIn and Twitter provide a great opportunity for the businesses in order to grab attention of customers developing a brand image simultaneous (Gibbs, Workman & Downey, 2016). In addition, the social networks allow the businesses using tactics in order to develop and create brand image. The social media marketing can figure the preference of consumers and latest trends adopted by public. Social media marketing assists an organization to develop a strong outline presence through innovative social media marketing techniques as well as satisfaction of consumers.
Enhanced customer insights:Butcher, Tang and Phau (2017) stated that the businesses receive a better comprehension of the customers by allowing to share the insights and understanding the brand. Social media allows the customers to get their opinions as well as network with them.
Better customer service:Social media can allow the businesses responding to grievances of customers, questions as well as concerns instantly.
Cost efficient:When a business of an organization is running on fixed marketing budget where social media is considered as the most cost-efficient method to market as well as promote business. The websites such as Facebook and Twitter allow the business sharing content for any cost. Thus, social media is one of the affordable advertising platforms.
Connectivity:Every business likes to connect customers in terms of changing preferences, resources as well as lifestyle and like to adopt the changing interest of consumers.
Developing brand awareness:With the help of social media, it is possible increasing brand awareness among consumers as a business can develop awareness through developing image of the organization.
Although there are several advantages of using social media marketing, there are also a few drawbacks of social media marketing.
Time consuming:It has been reported in industry that there are nearly 64% digital marketers spend minimum 6 hours on social media marketing, whereas 37% people spend more than 11 hours on social media marketing (Cole, 2016). It is relatively time consuming for the business owners, desired to get result from the effort. It might be useless outcome, which will not convert into sales.
Develop negative users:One of the major issues with social media is attracting the types of people in negative as well as malicious users. The negative components consist of spammers, trolls as well as different sorts of malicious users to harm online reputation.
Social media marketing ROI is difficult:A present study highlighted that nearly 89% digital markets want proper understanding about social media efforts. There are nearly 37% people can measure the findings of social media marketing.
Kunkel, Funk and Lock (2017) commented that the social media marketing makes integration with search engine optimization strategies and effective for developing a website organic traffic. On the other hand, multiple social media marketing trends have an impact on search engine optimization program in order to boost lead generation progress as well as rates of website conversions. Online marketers can view value of social media marketing for business on a distinctive perspective. There is an important explosion in the customer number-using social as the medium of finding products as well as services. It has been reported that social networking is utilized through nearly 76% businesses for achieving marketing objectives. The business retailers have experience nearly 133% increase in the revenues after marketing business in mobile market, which can promote social media marketing value for the particular business process. In addition, there are 40% online buyers from the USA utilizes smartphone for in-store shopping. On the other hand, there are approximately 71% customers respond as per the feedback as well as recommendations of the social users related to a specific brand (Takahashi, 2015). The reviews of customers are regarded through shoppers as there are trustworthy compared to marketing promotion that comes directly from the site of brand. In addition, most of the successful brands own a social media page for widening the marketing coverage of developing the brand accessible to the social media users. Social signals can be helpful to boost the search engine optimization performance. It helps the organization or business to promote branding as well as awareness.
Facebook is one of the most popular social networking platforms, whereas Twitter allows registered members writing message through tweets. LinkedIn helps in connecting as well as making a network of people having known and trust on each other professionally. In order to understand the impact of social media marketing, a real life case study can be discussed. Shari Academy is one of the photography schools. It conducts workshops as well as provides certificate courses (Takahashi,2015). The organization wanted promoting presence among people. However, there are budget issues. In this aspect, they tried to publish their presence through traditional marketing channels. However, due to budget issues, it was not successful. The management has decided using Facebook as well as blogs in order to encounter the objectives of branding as well as business. A Facebook page named as ‘Photography Tips’, has been created and worked on it. Currently, they have more 1.3 million fans followers and become one of the biggest photography communities on Facebook.
The above discussed literature summarizes that integration of social media can be helpful for a business or an organization to attain the marketing goals. At current days, the digital marketers are lured towards advertising through social media as the trend in purchasing behavior of the customers is changing day by day. The social media surveys can reveal that a huge percentage of customers spend nearly 37 minutes a day on the social media channels. Hence, it becomes important to understand the impact of social media marketing on traditional mediums or mainstream.
This section of the research covers selection of methodological tools in order to conduct the research in effective method. Selection of research approach, philosophy and research design is discussed in the present chapter of the research. In addition, data collection as well as analysis process is explained in this chapter of the study.
In the research, positivism philosophy will be selected. As the philosophy will be helpful identifying the hidden facts are involved with the impact and dilution of socialized media on mainstream (Mackey & Gass, 2015). However, interpretivism, and realism philosophy will be rejected for limitation of time.
Inductive and deductive approach is the main type of approaches selected in academic researches (Taylor, Bogdan & DeVault, 2015). Deductive approach will be chosen in the research, as selection of the approach will be helpful understanding the concepts clearly and precisely. However, the research will not deal with inducing a theory or model through analysis of information, inductive approach will be discarded in the current research.
Descriptive research design will be chosen in the research, as it will be helpful to the process involved in assessing the process engaged in assessing the impact of socialized media on mainstream (Lewis, 2015). On the other hand, the research will not support the concept of exploratory and longitudinal research design will be avoided in the research.
Flick (2015) stated that primary data collection and secondary data collection are the types of data collection used in research. Secondary data collection will be gathered and presented in the research as the form of literature review. The secondary sources will comprise of journals, online articles as well as books accessible from EBSCO Host, SAGE Pub, Google Scholar along with other online sources.
Qualitative analysis method will be used in order to analyze the data obtained fir the research. The analysis method will be helpful in order to analyze the statistical data obtained in the survey. Simple random probability sampling technique will be applied in the research. On the other hand, qualitative analysis method will be followed for analyzing the data from graphs, tables as well as charts. The data collected for the research will be analyzed based on several perception of the impact of social media on traditional advertising services markets addressing the extent of drastic shift for the advanced technology.
While collecting data for the research, it is important to ensure that the procedure of data collection complies with ethical practice for the research. Primary criteria are ensuring the participants joining to the survey without enforcement. Thus, a signed participation form will be used to ensure ethical practice. After finishing the data collection process, it will be ensured not to disclose the data and participants will be agreed on same.
Appropriate development of research methodology helps in collecting the data in right way. Reference to the existing concepts will provide proper solution addressing the gaps in the research. In addition, selection of research philosophy, approach and design will assist in conducting the research in appropriate way and assists in analyzing the data gathered for the research.
1. Barnes, C. (2014). Leisure and social life, and the influence of the media.
2. Butcher, L., Tang, Y., & Phau, I. (2017). Pawning n00bs: Insights into perceptions of brand extensions of the video game industry. Australasian Marketing Journal (AMJ), 25(3), 215-224.
3. Casero-Ripollés, A., Feenstra, R. A., & Tormey, S. (2016). Old and new media logics in an electoral campaign: The case of Podemos and the two-way street mediatization of politics. The International Journal of Press/Politics, 21(3), 378-397.
4. Cole, D. R. (2016). Unearthing the forces of globalisation in educational research through Guattari’s cartographic method. In Super dimensions in globalisation and education (pp. 145-159). Springer, Singapore.
5. Flick, U. (2015). Introducing research methodology: A beginner's guide to doing a research project. Sage.
6. Gibbs, B. G., Workman, J., & Downey, D. B. (2016). The (conditional) resource dilution model: state-and community-level modifications. Demography, 53(3), 723-748.
7. Graves, S., Beyer, B., Easley, S., & Cho, A. (2017). Young Adults' Acceptance of Interracial Relationships on Television. Pepperdine Journal of Communication Research, 5(1), 4.
8. Kunkel, T., Funk, D. C., & Lock, D. (2017). The effect of league brand on the relationship between the team brand and behavioral intentions: A formative approach examining brand associations and brand relationships. Journal of Sport Management, 31(4), 317-332.
9. Kwayu, S., Lal, B., & Abubakre, M. (2018). The Impact of Social Media on Internal Communications in the Tanzanian Telecom Industry. In Emerging Markets from a Multidisciplinary Perspective (pp. 119-131). Springer, Cham.
10. Lewis, S. (2015). Qualitative inquiry and research design: Choosing among five approaches. Health promotion practice, 16(4), 473-475.
11. Mackey, A., & Gass, S. M. (2015). Second languageResearch Methodologyand design. Routledge.
12. Takahashi, M. (2015). Young Children and Consumer Media Cultures in Japan: Mothering, Peer Relationships, Social Identities and Consumption Practices.
13. Taylor, S. J., Bogdan, R., & DeVault, M. (2015). Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons.
14. Udani, A., Kimball, D. C., & Fogarty, B. (2018). How Local Media Coverage of Voter Fraud Influences Partisan Perceptions in the United States. State Politics & Policy Quarterly, 18(2), 193-210.