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The Effects of Social Network Within Business Environment

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The Effects of Social Network within Business Environment
Absolutely, using the social networks as a great facility might have some advantages and also some disadvantages, just like other thing. The impacts and benefits of using social networks within business environment as follow.

Business Risks of Social Networking:
1) Productivity losses:
a) Addictive and time-consuming.
b) Over-use during work time is a genuine issue.
c) Can actually increase the productivity and effectiveness for some roles.

2) Legal risks
a) Generally employers can monitor their employees’ web use and email, but notice is needed. Can result in legal liability.
b) Potential for legal liability due to customer actions.

3) Reputation risk
a) A risk to the business’s reputation.
b) Many examples of gaffes & negative comments.
c) Difficult to remove the comments.

4) Viruses and spyware
a) Frequently a platform for malicious attacks using viruses and spyware.

5) Privacy breaches and identity theft
a) Can promote identity theft, even where private.
b) Third party applications usually get access to data.

6) Social engineering
a) Use online information to commit targeted acts of fraud.
b) Could profess to be the assistant to a high-level staff member, and know enough internal’ information to convince a staff member to provide cheques or goods.
c) Convincing identity cards/business cards used to gain access to the business or its customers.
d) Grandparent fraud.

7) Inadvertent release of information
a) Windows into the lives of users.
b) Unintentional release
c) LinkedIn shows your network your recent connections – who are probably prospective clients.
d) Using an online wiki to collaborate with a client (or even to track tasks and manage projects) may result in the release of confidential client information.

Business Benefits of Social Networking:

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