...Social networking sites Navneet Kaur DeVry University Social networking sites Communication via Social Networking Sites such as Face book, negatively affect the young people to socialize and to develop and maintain healthy relationships. In today’s world social networking sites become a part our daily lives. The increasing use of internet had led us to a point where we prefer “liking photos”, writing “comments” and wishing our friends and relatives on these sites. Moreover, it keeps us updated about what is going on in other lives. But we have forgotten the real essence of relationships. Meeting people over coffee and dinner sounds fun compared to liking photos and wall posts on social network. Social networking sites have surely increased communication, brought us closer to friends but on other hand, it leads youth to become more addicted to these sites and shut themselves in a room with closed doors. Due to this, they even hardly interact with their parents and siblings staying with them. They tend to spend so many hours on social sites, sticking on a chair and disconnect themselves from real world. According to various studies, scientists’ evaluation determined that social isolation can lead youth to a host of emotional, psychological, physical and mental problems which include anxiety, depression and somatic complaints. The continual dominance of these social networking sites, overcome the ability to live with real relations by adopting a larger social...
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...receive the mail. It's not just friends and co-workers that are receiving email. Wherever you look, the web is providing email addresses. This has made communication between the strangers easier than ever. Chatting is one of the more popular activities on the Internet- people can talk to anyone across the world. Introduction of social online networking sites has facilitated communication. These are web-sites where users can create a profile and connect that profile to others to form an explicit personal network. They are web-based services that allow individuals to: (1) Construct a public or semi-public profile within a bounded system (2) Articulate a list of other users with whom they share a connection and (3) View and traverse their list of connections and those made by others within the system. The nature and nomenclature of these connections may vary from site to site. Through social networking, people can use networks of online friends and group memberships to keep in touch with current friends, reconnect with old friends or create real life friendships through similar interests or groups. Besides establishing important social relationships, social...
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...Social Networking has been on a steady climb amongst millions of internet surfers. The dominance of landlines phones are a thing of the past. The new craze for communication is Social Networks. Facebook and Twitter are among some of the current poplar ones. Which literally hundreds of ways to access these websites, makes them almost a necessity to be a part of. How does this current trend affect the society of the world today? This trend extends worldwide with instant access to almost anyone anywhere. What are the consequences for this new technological trend? Certainly, any new technological addition to the current culture has to affect the psychological thought processes and actions with those who are involved in it. With a whole generation of children born in the middle of this “information age” are there psychological repercussions that are apparent? Social Networking has truly taken the world by storm. Online communities and interaction is prominent within our current culture and affects our everyday lives psychologically. Implications of how this form of communication has affected society are all around. Social Networking has been linked to causing adverse behavior amongst children and teens. “Facebook can be distracting and can negatively impact learning. Studies found that middle school, high school, and college students who checked Facebook at least once during a 15-minute study period achieved lower grades (Social Networking’s good and bad effects on kids. 2011).”...
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...The Myth behind the Overwhelmed Popularity of Social Networking Sites Social networking sites (abbreviated as SNSs) have drawn a huge attention from the public, with their rapid growth in the past decade; browsing these sites have subconsciously become part of our daily routine and their equal powers to the mainstream media in feeding information and defining values is also well observed and fearsome. Perhaps the advanced technology in telecommunication such as prevailing of smart phones and broadband internet do serve as a primary element for their prosperity; however, if they were the only reasons for this phenomenon, the influences of the social networking sites wouldn’t have been so penetrating and attracting to all age groups that even created addictions to some users. Hence the underlying causes are more convoluted and worthy to analyze, and this paper is going to exam all the possible aspects behind the triumph of SNSs and explore the possible psychological linkages to mankind that are account for such frenzy. The fundamental reason for their massive attractiveness is that these websites provide their services at zero cost to the users and user friendly. Obviously cost has always been a big barrier that shuns away the interests and especially in the capitalism dominant countries like United States. When people are so obligated to pay for everything out of their own pockets, the term “free to use” does draw lots of attention and topple the traditional there-is-no-free-lunch...
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...then on, a new platform arises, the “Social Media”. As the internet users worldwide grew significantly, so is the need of the people to get in touch, share and be connected. According to Nation, D (2014) “Social networking is based on a certain structure that allow people to both express their individuality and meet people with similar interests. This structure includes having profiles, friends, blog posts, widgets, and usually something unique to that particular social networking website.” It became a new lifestyle for the new generation. Facebook the most popular social networking site with more than 150 million users competes with Myspace that caters to the youth and Linkedln for the adult and professionals. The real competition for Facebook is the microblogging site, Twitter. Both Twitter, with its 6 million users and Facebook shares the same mission and some features in common yet on a different platform seems to be embarked on a collision course. The focus of this paper is to define how both of the organization adapts to a fast pace technological advancement, the similarities and differences of Facebook and Twitter and to understand how they employ strategies in decision making to cope with changes in technological and social factors. Validate the “how competitive forces shapes strategy”, according to Pearce and Robinson (2011, p.91). Facebook and the Competition Before Facebook became popular, Friendster, a social networking website started its operations in...
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...is all about making it much easier for private companies to access public capital with less muss, less fuss. The law also provides relief to certain companies, emerging growth company or EGCs, so they can go public on U.S. exchanges without providing as much information to investors as early in the process as they used to. All this easy access to investors’ wallets means some “radicals” accused lawmakers of trying to pull a fast one. Eliot Spitzer was blunt: “It shouldn’t be called the JOBS Act, it should be called the Bring Fraud Back to Wall Street Act.” EY is the global public accounting firm of choice to emerging social networking/social gaming companies such as Groupon, Zynga, and Facebook as well as veteran technology and media companies such as Google, HP, News Corp, and Oracle. Twitter’s auditor is probably EY, given EY’s market dominance in the Silicon Valley emerging growth tech environment and EY’s deep “experience” with Facebook, Groupon, and Zynga. Twitter did not reply to a request for auditor information, and CEO Dick Costolo did not reply to my open request via...
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...Battle for Social Media Dominance As Facebook currently holds 800 million current active users worldwide, they maintain the world’s leading social media sharing website. Facebook has jumped past other social media websites like Linkedin and MySpace within the first few years of existence. Google has tried time and time again to get to the place where Facebook currently has a strong hold on everyone’s online identity. Google has poured tons of money into years of development with several projects to mimic Facebook. Google has once again begun the implementation of a new social media website called Google+. Google+ is Google’s fourth attempt at mimicking Facebook’s social media website. Another powerhouse in social media is Twitter. Twitter currently has 300 million users. Before getting into the competitors of this industry, one must know how each social media network makes revenue. Since all of these companies do not force people to pay a premium in order to gain a membership they must find an alternate way of generating money. There are two ways these companies make money, investors and IPO’s, ads, and premiums from satellite companies. For example, Facebook is able to charge companies likes Zynga a 30% charge of all virtual purchases done on their game from allowing Zynga the ability to put their game on Facebook’s platform. Mainly these companies form money from companies who wish to display ads for their companies on people’s sidebars of their profile. This is mainly...
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...NETWORK EFFECT AND THE PERFORMANCE OF SOCIAL MEDIA COMPANIES Over the past year, the stock price for many social media companies did not fare well in the market. Companies like Zynga and Groupon saw their stock prices decrease over 70%, and even the best performing social media sites like Yelp and LinkedIn saw a decline in stock prices recently. This is no different for the largest social media company, Facebook, as its stock price drop almost 50% since its IPO in May ($19.21 as of 11/09/12). The optimisms on these companies’ growth potentials quickly faded away as earning reports indicated signs of slow growth one after another. Multiple factors contributed to these slow growths, and to understand them, we should first look at what drives growth. For social media companies, revenue growth is directly correlated with the user’s growth. This is because more users translate to more opportunities to sell, which in turn will attract more advertisers. Social media companies are unique in that the network effects heavily impacts the growth. As we learned in class, network effects mean that the more people using a particular product (the social media websites in this case), the higher the demand is for that product (until the stable equilibrium is reached). There are usually three equilibriums: a stable one at 0% usage, an unstable one at a low percentage usage, and another stable one at higher percentage usage. In the case of a social media site, once the usage percentage is above...
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...Global Social Networking and Media Industry Global Overview Executive Summary The purpose of this research is to analyze the global social networking and media industry and determine how and why individual competitors make money. We will take a further look into several topics including what defines the industry, the industry lifecycle, economic indicators, and examine several of the industry leaders including Facebook, Google+, YouTube and Twitter. By detailing how these social networking sites made it to the top of their industry and continue to maintain a competitive advantage we will identify their strengths, weaknesses, opportunities and threats. Being a fairly new industry, we believe that this is a global industry that will continue to grow and be one of the quickest growing among all industries. It is reported that there are 2.5 billion Internet users globally, of these 2.5 billion, there is an estimated 1.9 billion using social networking sites. Although these social networking sites are very similar by definition, they all harvest their own differentiations, separating themselves from their competitors and maintaining their competitive edge. Industry Overview The use of social networking sites has seen huge growth since the early 2000’s, doubling in size since 2007, most notably with the creation of Facebook. The importance of social networking sites online has continued to grow and Facebook now even poses a serious threat to Google in terms of traffic...
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...decades have witnessed unprecedented growth in network industries such as video games, computers, credit cards, media, social networking and telecommunications. (Ramon and Francisco, 2009, p.1) The aim of this essay is to provide an understanding of the dynamics of platform completion by analyzing the role of installed base, consumer expectations and platform quality. These factors then help explain a platform’s position, the barriers to entry and the formation of a monopoly in the network market. This essay also focuses on the social media market for Facebook and Google+ and their rise to platform leadership, which is interesting as this is a recent and fascinating new area of research in economics. The remaining of this essay is organized into 3 sections. Section 2 explains the concept of network externalities, differentiates between direct and indirect network externalities, and explains the role of installed base and consumer expectations for products in the network market. The section then goes on to apply these concepts to platform markets to understand platform competition and how using the concept of critical mass a platform rises to dominance. Section 3 discusses some key business strategies applicable to platform markets. Section 4 concludes the analysis by extending a few strategy proposals as to how Google+ may possibly dominate in the social media market, where Facebook is currently dominant. Section 2: Products such as eBay are substantially different from...
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...* By mid 1970s, state-run networks were being built in a number of countries including Canada * In addition, there were also efforts to build multinational networks across Europe to support European Union (European Informatics Network, Euronet) * France Telecom, with its Minitel system (1982), was first phone company to offer a network service that provided content as well as communicationsallowed millions of ordinary people to access online telephone directories and other commercial land recreational services * Including online pornography, a popular attraction that received much public comment and that the US-government-run Internet could not have openly supported * One of world’s leading sites for computer networking was CERN, the European laboratory for particle physics * Networks outside the US had few links to the internet while it was under military control. But when the National Science Foundation set up its civilian NSFNET, foreign networks were able to establish connections to it, and thus to gain access to the rest of the Internet * Canada and France had connected their networks to the NSFNET by mid 1988 * By Jan. 1990, there were...
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...following what is “, sure to be a blockbuster initial public offering.” Threat of Entry: Threat of entry in this industry is huge, largely due the low cost to developers and the huge interest from venture capital firms. Tech startups have but to look and the funding availability is nearly limitless as “Firms such as Union Square Ventures, O'Reilly AlphaTech Ventures and XG Ventures are devoting an increasing amount of time and money to financing wireless apps.” And it’s not just start-ups looking to get in on the action “, Yahoo wants to be the company that brings apps to the wider world,” with the revenues being realized; there is increasing interest from the well established companies to get involved with the research and development of social gaming apps. At present the “,torrid growth has attracted money…,Kleiner, Perkins, Caufield &Byers… launched a $100 million investment fund specifically to back startups creating software applications for the iPhone…Research In Motion (RIMM) unveiled a $150 million venture fund, with investments from Thomson Reuters (TRI) and RBC Venture Partners, to develop apps and services for its BlackBerry and other phones. And…U.S. mobile operator Verizon Wireless (VZ) announced an initiative to...
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...Boundary less Organizations Dalia M. Davidson January 16, 2012 HCS/325 David R. Campbell Boundary less Organizations Many healthcare workplaces are becoming known for being boundary less organizations. Employees are connecting to the outside world with a wide variety of co-workers, consultants, off-site employees, and other resources. Boundary less organization is a contemporary approach in organizational design. It is an organization that is not defined by, or, limited to, the horizontal, vertical, or external boundaries imposed by a predefined structure. Boundary less organization combines the business team and network structures with the addition of temporariness. Many entrepreneurial and start-up businesses are boundary less organizations. When businesses are able to make quick changes to their environments and come up with solutions to an issue makes them boundary less organizations. There are two types of boundary less organizations. Inside of boundary less organizations teamwork and communication replace formal lines of authority. Barriers that once separated organizational members are resolved and team members react spontaneously to problems that may occur. Outside boundary less organizations the needs are met through outsourcing contracts and outside alliances that come together. These relationships are forever changing so they would look different day to day. Technology and the absence of hierarchy have allowed for the acceptance of boundary less...
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...who illustrates behaviors, strengths, and attitudes of long political and economic tension. However, for Northeast Asia, China, and Japan possess strong will and economic activities that produce economic and political stabilities and enhances its cultures wealth and identity. For Asia, Japan, and China are its giant, and such great incentives places China and Japan in the race of leadership in economic and political leadership against the United States of America (Calder, 2012). Japan and China has continual battling against one another as a means to prosper and gain power. However, the relationship of China and Japan in Northeast Asia continues to grow causing independent commitments to develop global and economic rewards to increase networking abilities. China and Japan’s relationship also builds complex...
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...discrimination on the basis of content within websites has also been practised by ISPs in the past. For example, ISPs Airtel and BSNL increased the speed of streaming Indian Premier League matches on Youtube.com for their subscribers, whereas all other content was streamed at lowers speeds. Therefore, it is safe to assume that there partner companies are selected on the basis of how much money they are willing to pay the particular telecommunications company. Section 4 of the Competition Act, 2002 prohibits any dominant party from abusing its dominant position in a manner that is anticompetitive. Applicability of Section 4 is as follows: a. An enterprise must enjoy a position of dominance in the relevant geographical and product market; b. An enterprise must also have use its position of dominance to cause appreciable adverse effect on competition in the market. The Competition Commission of India (CCI) examines the criteria listed under Section 19(4) of the Act to determine whether a particular ISP is in a dominant position. These include considerations such as: market share of the enterprise, size and resources of the enterprise, size and importance of the competitors, and economic power of the enterprise. Furthermore, under Section 4(1)(b)(i) of the Act, a dominant player can be said to have abused its position if it limits or restricts the production of goods and provision of services or the market for those products and services. In this case, zero rating programs provided...
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