Social Networking and Social Media: What does it mean for business?

social networking; collaboration, communication, fun, friendship and business or addiction, scams, harrasment, waste of time, and identity theft

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– Facebook – YouTube – Twitter – Linked In – Google+ – Flikr – Digg –

Social networking and social media effects business from two angles:

  • 1) NEGATIVES: The impact on businesses where employees have access to social networking and social media during work hours
  • 2) POSITIVES: The new opportunities available for all businesses for improved/cheaper communication and marketing strategy

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