What I took away from this class was that social media is not something you can ignore. In the past, people used to brush off the Internet as nothing valuable. Look at our society now. The Internet has become another necessity to life. Can you imagine not being able to be online for a day? It’s rather difficult (at least for me). In the beginning of the course, Professor Kane said that social media was a double-edged sword. At the end of this course, this still holds true. From everything we talked about in class about social media, there was always the right way to use it and the wrong way. That’s another lesson I will carry forward. Back to my main point, social media is becoming so entwined with our daily life. It has gradually made many older forms of information sharing and communication outdated. Why even rely on television or the newspaper? You can get real-time updates in matters of seconds. Do you need some decent explanation of a topic? Just go to Wikipedia instead of going to a library to check out an encyclopedia. Social media is impacting many aspects of our lives. Therefore, companies can no longer give a cold shoulder to social media. It’s basically like technology. If you don’t keep up in this technology-drive age, then you’ll lag behind and probably won’t make it in the long-run.
Companies don’t have to use social media. However, the reasoning cannot be simply due to fear of the unknown or loss of control. The reasoning should be based on weighing the actual benefits against the disadvantages. Companies should see social media as another means to communicate with their customers. It says a lot about a company when a company goes out of its way to try to form relationships with its customers. This benefits both the companies and the customers in the long-run.
Social media gives benefits to consumers as well. It gives us another medium to communicate with others and share information easily. The convenience created by social media has provided us so much value that many of us have grown reliant on it. Google has allowed us to quickly find whatever we need. This efficiency has given us potential productivity. Wikipedia has allowed us to get general knowledge about any topic without going to traditional printed sources. Facebook has given us a new way to create and strengthen our ties with people we know. It also allows us to communicate with some brands we like. Twitter has become a popular medium for real-time updates about any news around the world. Twitter’s hashtags have made it easier to follow any real world crisis and seek assistance. It has also allowed for efficient customer service where we can get a real answer from a real representative from a company. Don’t forget following any of these companies for any updates too. The list goes on.
Social media has a lot to offer to both companies and to us. Although there are notorious misuses of social media, the overall benefits outweigh the risks. Before I took the class, I knew social media was popular but I didn’t believe it would ever be useful beyond personal use. After this class though, I can see that companies can definitely benefit from this. Companies that still ignore social media are companies that will stay unsuccessful. I am convinced that social media is more than just hype. Social media still have tons of room for innovation. If you don’t keep up with social media, you’re going to be left behind since most businesses now are looking if not already expecting many people to be social media savvy. This class was a real eye-opener. Social media has serious usages and can bring serious benefits. It’s not something silly anymore.
This was a great class and I highly recommend it to anyone. If there was a sequel to this class, I’d take it. Social Media 4.0 or something of that sort. Everyone was awesome, each bringing in their own opinions and perspectives on social media. It definitely was a good fit to have undergrads and MBAs.
On a final note, I still hate Twitter… and Tumblr.