There are a number of models and strategies that have been impacted by the social networks. It is important for the businesses to ensure that their models do not get negatively influenced by the social networks. Impact of social networks has caused a huge change on the businesses in the market. It is important for the businesses to make sure that they work in a manner that is suitable for them and that will help them in developing a good and profitable business. With this, it should be made sure that the people involved in the business take complete advantage of how their business is performing and social network can help them flourish their business. Business models and strategies have changed with the implementation and integration of the new markets and services. The competition has increased with the implementation of social networks and the businesses are now more efficient and effective. The customers have taken a lot of advantage of the services and products that are being offered by the company via the social networks.
The cost of marketing for the companies has decreased and the profits have increased which means that the impact of social networks on the businesses is positive (www.business.att.com). With the use of social networks, the companies are now able to market their products and services on a large scale without incurring much cost. The impact of social network has helped in formulating strategies that are more effective for the company and that have made sure that the businesses earn more and the consumers are aware of the products that the company is offering.
Impact of Social Network on Walmart
Walmart is one business that has earned a lot with the implementation of ...