Topic 9

What are the arguments for and against social networking being classified as a business model?

A business model describes the rationale of how an organization creates, delivers, and captures value - economic, social, or other forms of value. The term business model is thus used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

The fors for social networking would include being close to the user, associating with a user on a more personal level (ie the user doesnt see the company as the place down the stree) information can be delivered to the user at home with updates such as new season stock has just arrived at ****** a place. If they teamed social network presence with an online store they would have a winning combination.

The negatives are that it makes the business look too casual, or informal, or decreases the reputation of the store. If the profile of the business wasn't maintained to be correct information it could also impact negatively.

9.2 -

Wiki's are an acceptable format for drafting papers for public discussions because the people assigned to write these papers can work together, and suggest different wording or omitting/adding information. It may not be as fast asif the same people were in the same room discussing this in person, but you wouldnt have to wory about getting them to the same place or even timezone as they can work on the document simultaneously.

Twitter in govt im not such a fan of. I don't think politicians can ever say the right thing, so giving them more tools to use to talk to the general public with isn't a good thing. It's like when Kevin tried to appeal to gen y with his promotion with "Kevin '07" and such campaigns. I don't think politicians should be allowed to use Twitter - it also gives the media another thing to hound them on.

I don't support the majority of Govt 2.0 mainly because it give the media an action point if something that is posted can be misconstrued, or if something goes wrong. Politicians can also say the wrong things, so i dont think it is wise for them to be using personal social networking sites, however i am a fan of a party (such as the labor party) having it's own social networking profile.