Discuss How the Increased Use of Social Media Has Changed

question 23

Essay

Discuss how the increased use of Social Media has changed the way stakeholders consume information from an organization,and the change in the relationship between stakeholders and the organization.

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Definitions:

Porter's Five Forces

A framework for analyzing an industry's competitiveness and potential profitability through five forces: competitive rivalry, bargaining power of suppliers, bargaining power of buyers, threat of new entrants, and threat of substitute products.

Web

A system of interconnected documents and resources, linked by hyperlinks and URLs, accessible over the Internet.

Home Town

The town or city where a person was born or grew up, or where they feel a deep emotional attachment due to long term residence or personal experiences.

Business-IT Alignment

The process of ensuring that an organization's information technology supports and is in harmony with its business strategies and objectives.