This
industry relates to Chapter 1 of the Social Organization because technology and
social media develop new ways of operation and can be a key element of collaboration
to evaluate customer desires. Advertising
is also a positive aspect of social media in today’s culture and can be taken
advantage of. Since it is practically
free to use social media, the possibilities for increasing media awareness is
endless.
The
field that I am going into is Entrepreneurship and I chose to study the organization
of property management. I have some
previous work-related experience in this area and the market is very intriguing
to me. This organization as well as
almost every market today can use social media to improve internal business
functions. I believe that social media
can be a great tool for businesses, but with every new technology or idea comes
possible threats. In the field of
property management the competition is fierce and the market is always changing. Social media can be used to combat the
efforts of negative media posed against the property manager or
association. Since social media is so
advanced and easy to access, owners of residential complexes or hotels have to
be careful and watchful of what customers are sharing over the Internet. Bad media toward a company causes them to
incur a bad reputation and because the market is so large this can be detrimental
to a company in this field. For example,
at apartmentratings.com users can access reviews and customer opinions about certain
apartment and living complexes all over.
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