How can social networking be utilised
to help businesses to grow in ways that were not possible
before the advent of this internet-based tool? And
what problems and pitfalls will they have to contend with on
the way?
As an Australian website devoted to
risks inherent in Facebook advertising has it: "The take-home warning is that a business can be responsible for third party
generated content posted on its social media pages or accounts. Categorisation
as a “publisher” or “advertiser” opens the door on a wide range of risks,
including claims of misleading and deceptive conduct, defamation, breach of
privacy and intellectual property infringement. There are also wide ranging
ramifications for organisations whose employees access and use social media."
Many firms that are experimenting with
Facebook, LinkedIn, Twitter, blogs and other social media
realise that these are communities composed of people, not
companies, and share different attributes and
characteristics from businesses that were formerly their
major sales target. Furthermore these online potential
customers now number more than two billion that are, in
effect , instantaneously available. This demands a
completely different approach and business philosophy than
was needed in the past.