Here the study will focus on the objective that will be done in this study. The estimation of the project scope will be done through the study. The study will show here the impacts of social networking on business of Woolworths in Australia. The overview of social network on this company will be estimated. The impacts of social networking on this Australian company will be discussed through this study. On the basis of micro and macro the theory of the effects of the social networking will be presented here. The advantages and the disadvantages of the social networking in the branding of the organization will be discussed thoroughly. Through this study a concept of the effects of social networking in the business will be gained in the Australia.
The study will present the benefits and the downsides of social networking system in the business purposes. In recent days social networking is becoming a new trend to promote or spread the business. Here the study will point out the advantages of social networking as well as disadvantages. Through pointing out the disadvantages the study will conclude the solution to recover from these downsides. It will help to grow the business as well as start a new business. The study will represent some strategies that will help to run a business successfully. Social networking in the business marketing is an advantage for running a business that will be addressed through this study. The study here will figure out the downsides of uses the social networking and benefits of the social networking for growing a successful business.
Effectiveness of social networking in world’s business
Social media is one of the fastest ways to interact with the people across world in which people can create share and exchange ideas. The trending social media across the world are Facebook, Twitter, Instagram, Snap chat, YouTube. It also helps to promote various kind of business through social media by giving ads on it. Social media is the fastest way to reach the customer no matter how far the people are. As per world's data based on the use of social media, it has been seen that 95% of the social media usage is at North America, 85% in Europe, 68.9% figures in Australia as well as Oceania and in Asia, it counts to 48% (digital360.com.au, 2018). Through use of social network, businesses gains ability to survey its customer to analyze the needs of the customer and also gather their perception about the businesses products. Social media helps new business organization to promote their brand and helps in seeking attention of the customer. There are various kinds of social media platforms across the world such as Facebook, twitter and Instagram through which helps organizations to promote their products. There are total 2167 million user of Facebook including owner of the organization and buyer which helps organization to initiate good relation with the customer. Social network is one of the easy ways to catch customer and promote their brand which help new company to expand their brand across the world by providing good services and product. Now-a-days, every second person in the world is enrolled with the internet and people like to search before going any places or buying any product (Wolfinbarger, 2015, p.).
Use of social networking by Australian businesses
Trending users of internet across world is also followed by Australians and Facebook is the leading social media platform in Australia. There are about 13 million active users in Australia which takes small part of Facebook 1.44 billion active user across world. 60% of Australians comes under the age of 14 and rest is active on YouTube, 25% are active on instagram, 17.8% on LinkedIn and 14% on twitter. In last 5 years, Instagram has been popular among Australians and also growing day by day (digital360.com.au, 2018). Australians are more fascinated towards Instagram as compared to Facebook which is increasing among the teenager. For the organization in Australia, Facebook covers almost 93% of businesses which is active on social media. It means that it is easy to influence customer through Facebook as compared to other social media (Lin, 2016).Twitter is also popular in some region of Australia and it is the second most popular most popular social media platform in Australia’s market. Present data indicates businessman favorite social media after Facebook, YouTube and Instagram is the favorite choice for marketers to reach Australian people. Australian spent about 8.5 hour per week on social media platform where Pinterest is leading in regards to time spent on-site which is about 17.9 minutes per session. Social network also helps to acquire different business idea to make better business plan for future. Profit and loss graph of the company also shown in social media helps to implement effective plan for the company.
Benefits of social networking among Australian business
Social networking has various advantages on Australian business in promoting brand of the organization. Social media decrease the costs of marketing which helps Australians business organization to grow and it also increased sales. Social media increased traffic on website that means large number of people influenced by social media which is better for the company in Australia to sale their product. It also improved ranking on search engine from which Australian company can figure it out whether people likes their product or service or not and also its a type of review system to known about the customer choices. Social networking gives opportunity to Australian company to grow their market all over the world. Through social media, company can ask for customer feedback which helps Australian organization to improve their product and services. Social media improved networking chances with people and other business in Australia. Through social media company can connect and interact with the customer on a more private level and if any Australian company already made their brand than social media is the best opportunity to develop brand and give business a voice. Social media also helps to see where the competitors are and what they are doing, and accordingly company can change their way to approach customer. Networking can be the effective way to exchange ideas with same-minded people to develop the business (Ho, 2015). Some organization use social media to advertise vacant positions. Sites like LinkedIn mostly used to attract skilled people all over the world.
Strategies to overcome challenges in social networking
Social networking can be overcome by taking data informed approach and use the data collected to take action. Companies need to take complete data before marketing and also metrics enable companies to calculate success. Prevention of confidential details of company can be done when company has strong website and skilled software engineer who has good knowledge about hacking or how to deal with it. Clear marketing strategy and planning can give big profit to the company so it's important to have good knowledge about the business or who can execute the company.
Company should have enough employees to handle the social media so that company can take quick action on it if there is any unwanted or inappropriate behavior on the company site. Company should provide good services to the customer so that company can prevent from bullying and harassment. Social media should be updated daily so that customer get new updates and to get positive feedback from the customer. Company should provide all the resources to manage online presence.
Company should change the way to approach their customers and they should not totally dependent on social media (Sapena, 2014). There is the possibility that online presentation is not working for the company so they should learn from their competitors, how they are promoting their brand. Company should start giving product detail and services as quickly as they can so that it gives good impression the customer. Customer gives more priority to services as compared to product.
The steps in relation to qualitative research that will be followed in this research study for gathering ideas about how usage of social networking benefits the business of Woolworths. Based on this qualitative research, some steps are to be followed based on which quality data about the research topic will be analyzed (Taylor et al. 2015, p.33). The main steps that are incorporated under qualitative research are as follows:
Setting up basic research questions to analyze the main reason behind carrying out the research.
Effective selection of the topic, which in this research study is analysis of how social networking impacts business of Woolworths
Collection of relevant data in response to this particular research concept is to find out the level of impact that social networking creates to Woolworths and world business as a whole.
Analysis and interpretation of the data that will be gathered based on the research topic to find out the correct impact level.
Formulation of conceptual framework to carry out the research in an effective way.
Reaching to a conclusion finding out how much have the social networking impacted Woolworths in particular and world’s business as a whole.
Reliability as well as validity is the two important factors that should be considered in relation to qualitative research. These factors are taken under consideration for effective designing of the study, analysis of the data that are gathered and judge the quality of the research that is carried out. In this research, the reliability and validity of the two important factors that will be considered to judge the quality of the data that will be gathered based on the impact level of social networking in Woolworths. According to Silverman (2016, p.29) reliability is that kind of measure which judge whether the data that will be gathered in this research study is reliable or not to give out effective outcomes or results. In this study, judging the data that will be gathered about Woolworths are reliable or not to analyze the level of social networking impact on its business. According to Brown et al. (2017, p.153) validity is considered in a qualitative research to analyze whether the data are valid or not to be incorporate in the research study. In this study, analyzing whether the data that will be gathered about Woolworths needs to be valid that further helps in understanding the level of social networking impact on its business.
In sampling technique, the use of simple random sampling is effective in order to collect information about the research study (Panneerselvam, 2014, p.28). Based on sampling technique, in qualitative research, non-probability sampling is followed. The reason behind this choice is that the samples should be accumulated in such a manner that it does not provide any chance for selection. According to Choy (2014, p.99) this particular research study focuses on convenience sampling as a part of non-probability sampling for gathering data about the impact level of social networking in the business success of Woolworths. Gathering the data through this technique required consideration of managers of the concerned company which is Woolworths in qualitative research. The sample sizes that will be considered are 3 managers of Woolworths.
From the required sample size and sampling technique, the required data for this particular study will be gathered needs to be chosen proper data collection method (Wiek and Lang, 2016, p.31). In qualitative data, the method in relation to data collection that is chosen is interview process. For gathering data about the impact level of social networking in relation to Woolworths business, interview of the 3 managers will be done. Based on the interview process, open-ended questionnaire will be framed to gather data from the 3 managers.
The steps of process the quantitative research will include the some basic parts for analyzing the data about the social networking impacts on the business of woolworths company. The data will be quantified for generalizing the study and testing the theory. According to Taylor et al. ( 2015, p.33) in the case of quantitative research some steps will be followed for analyzing the collected data. There are some main steps which will be included:
From the required sample size and sampling technique, the required data for this particular study will be gathered needs to be chosen proper data collection method. According to Fletcher (2017, p.181) in quantitative data, the method in relation to data collection that is chosen is survey process. For gathering data about the impact level of social networking in relation to Woolworth’s business, survey of 57 employees will be done. Based on the interview process, close-ended questionnaire will be framed to gather data from 57 employees of Woolworths.
An overview of roles of the social networking system is analysed that highlights its influence on the Woolworths Company will be presented through the study. Here the study mainly will focus on the advantages and disadvantages of the social networking system on the growth of the business. Through figuring out the downsides of this networking system the researcher will make decision that how to overcome it. Here the study will shed a light on the qualitative and quantitative process that how to gather the data and analyze them to find the impacts of social networking. The reliability of the social networking system will be tested in this study and also the validity of the collected data will examined thoroughly.
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