Wednesday, September 2, 2020

Global Strategic Management Essay Example | Topics and Well Written Essays - 3500 words

Worldwide Strategic Management - Essay Example The other critical things like partners and their job has been quickly examined. Another business is presented to vulnerabilities and subsequently the different possibilities that the recently framed organization can confront have additionally been talked about. Chapter by chapter guide Executive Summary 2 Table of Contents 3 Introduction 5 Stakeholder counsel and support 6 Critical Assumptions 7 Vision and Mission 7 Environmental Analysis (PEST) and drivers of future change 9 PEST Analysis 9 7S Framework 10 Structure 11 Strategy 12 Systems 15 Style 15 Staff 16 Skills 16 Shared Values 16 SWOT Analysis 16 Strategic objectives and destinations 17 Resourcing 18 Implementation Framework and difficulties Ansoff Matrix 18 Evaluation and Control 20 Performance Management System-20 Timeframe and Contingencies 21 Conclusion 23 Appendix 24 Reference 25 Bibliography 27 Introduction The task presents a vital administration report for an organization to be set up in the UK advertise. The essentia l goal is to give a report to a private value firm for giving funding to the organization to set up tasks in UK. The organization would be built up in the retail showcase in UK which has been demonstrating solid possibilities as of late. This is basically in light of the fact that the market is less overwhelmed with huge retailers. The venture presents the investigation of the market and structures a total administration methodology for the organization that would be set up. It diagrams the rules against which the stakeholders’ support would be made sure about. It presents the vision and statements of purpose of the organization and makes investigation of the earth utilizing PEST. The asset suggestions emerging from the examination has been introduced in the undertaking. The worldwide drivers of progress that may impact the organization have been introduced too. At long last, a presentation the board framework has been intended for to assess and control the advancement of exe rcises. Partner conference and interest The organization to be propelled will be a secretly held substance. In this manner, the portions of the organization will stay in the possession of chose people. The principle partners of the organization are required to be investors, providers and the private value firm. In a secretly held organization the offers stay in the possession of chose gathering of people. The primary bit of leeway of a secretly held organization is that proprietorship vests in the possession of scarcely any individuals accordingly encouraging quick endorsement of vital business choices. This is a decent component as the administration choices can be completed quick with no approaching endorsements. The investors of the organization however very few appreciate rights identifying with casting a ballot. The executives of the organization will be chosen from this gathering of investors. The private value firm can likewise put its part in the organization Board. The chie fs of the organization will take up different obligations identifying with advertising, fund and other significant issues. As the executives of the organization are additionally the proprietors this will help in maintaining a strategic distance from any ‘conflict of interest’. The providers of the organization likewise structure one of its partners. The organization can obtain merchandise using a loan from this gathering of providers. In this way they also have a stake in the organization. Anyway they won't appreciate any state in the organization undertakings. At first the organization will most likely be unable to draw in assets from the banks and monetary foundations. Inevitably with

Saturday, August 22, 2020

Is There Any Right to Die Essay Example | Topics and Well Written Essays - 500 words - 150

Is There Any Right to Die - Essay Example This inquiry prompts an unending chain of inconsistencies; be that as it may, under a closer assessment, it gets evident for everybody that such sort of presence can be scarcely called â€Å"life†. These days medication has a great deal of devices, for example, morphine, which can encourage sufferings of dreadful sick patients. Meanwhile, the medications change patient’s brain and mind, which wipes out any character highlights. Subsequently, despite the fact that the medications may fix and help the individual to crush the insufferable torment, still human character is being wrecked by those medicals. As per a liberal estimation of human life esteem, the liberal approach of European and United States expressed that the estimation of human life is optional in examination with a person’s will. This implies if an individual can be considered as sufficient, as per mental assessment of one, the individual is liable for one’s own choices and activities, and in this way one’s choice must be regarded by the remainder of the general public. Consequently, such individual is qualified to do anything one desires with his or hers own life and body, except if it makes any damage others and is denied legitimately (Seale, 1994). On the off chance that to investigate the issue from the individual perspective, it becomes clear that the life has an importance when joys beat sufferings; also, positive feelings are viewed as more significant than the negative ones. So willful extermination is by all accounts the main arrangement now and again; for example, when human’s life can't be kept up in other manner and enduring can't be diminished aside from by death. To put it plainly, if enduring is malevolent, in what manner can we ethically legitimize safeguarding of life, which has transformed into a consistent affliction? Â

Friday, August 21, 2020

Essay on Sonia Shah's review of the Constaant Gardner

On Sonia Shah's survey of the Constaant Gardner - Essay Example It tends to be now and again an incomprehensibly important issue and the companies’ inability to give out every vital insight about something that worries the life of another individual is improper. Conceded that they are being paid considerably, this is as yet an ethical informed decision that ought to be clung to strictly. They ought to guarantee that their subjects appreciate widely inclusive points of interest relating to the degree and impacts of the investigation. By excellence of presence of mind, a great approach ought to initially offer out a response structure or through a meeting, ensure that an individual should initially comprehend what the individual in question is going to experience before really remembering them for any investigation. Obviously this would be close to incomprehensible as there are a number or examinations wherein the peril would not merit the danger of any person. Then again, we have the distinctive side of the story which depicts the certainty of such practices in pharmacology. It is as the creator puts it, our greatest botch to dismiss the dangers that are intrinsically engaged with the improvement of most medications. This is the significant motivation behind why medication organizations have opened for business in areas, for example, Eastern Europe, Asia, Latin America and particularly Africa. An American is said to buy around 10 professionally prescribed medications yearly while the proportion of the individuals who participate in tests is 20 to short of what one. The individuals who do participate in tests are named as ‘guinea pigs’ and are seen to have next to zero decision on the issue (Shah, standard. 10). There is such a requirement for these examinations to be led and on the off chance that the choice for this is to take it to another nation, at that point the huge pharmaceutical organizations would happily take it ther e. On the off chance that business can be directed better somewhere else, at that point it turns into an easy decision that they would up and go any place it is. There is no doubt that test facilities are important to grow new medications that ought to have the option to support mankind. For whatever length of time that these

Tuesday, May 26, 2020

How to Write an Opinion Essay Topic - How to Work Around the College Paper Format

How to Write an Opinion Essay Topic - How to Work Around the College Paper FormatIn order to know how to write an opinion essay topic, you have to be prepared in the very first place. If you are not, it will just not be easy for you to find a topic that fits perfectly for your needs. Well, as long as you have a good background about all the colleges in your area, you will find a lot of things to say.You need to remember that college is a big place. You need to study and research on different colleges and their past records. This is very important since your college opinion essay topics are not likely to appear in your college paper. So, you can be very sure of your topic since you already studied all the necessary materials.Also, if you want to be successful in this matter, you have to start saving time while doing your research work. So, don't waste your time at the beginning because there is still a lot to do at the end. Once you do the research work, you will be able to understand the college opinions more easily.Also, you have to keep track of the different colleges and their past records. It is important for you to keep a record of all the details that you found so far. This will help you when you have a lot of other colleges that you need to compare.Keep in mind that the internet has a lot of resources and you should not miss anything you find. Make use of the internet and learn as much as you can about various colleges. Just because you found some colleges who do not accept any of your essays for consideration, it does not mean that you will not get accepted to the other colleges.Now, you have to keep your grades high and have a strong point to support your topic in your college opinion essay topics. You can use the information you gathered from previous articles in order to make a good impression in your college paper.Your goal should be to have your opinion essay topics as different as possible from all the other college essays you see. Just be able to be original is all. So, it is not important if you are a first or second person who is writing the college paper because you have to make your own style.

Saturday, May 16, 2020

Human Resource Management, 12e (Dessler) Chapter 4 Job...

Human Resource Management, 12e (Dessler) Chapter 4 Job Analysis 1) Which of the following terms refers to the procedure used to determine the duties associated with job positions and the characteristics of the people to hire for those positions? A) job description B) job specification C) job analysis D) job context E) job standard Answer: C Explanation: Job analysis is the process of determining the duties of a specific job and the characteristics of the people who would be most appropriate for the job. A job analysis produces the necessary information to develop job descriptions and job specifications. Diff: 1 Page Ref: 116 Chapter: 4 Objective: 1 Skill: Concept 2) The information resulting from a job analysis is used for writing†¦show more content†¦Diff: 2 Page Ref: 117 Chapter: 4 Objective: 1 Skill: Application 7) Managers use ________ to uncover essential duties that have not been assigned to specific employees. A) work activities B) job specifications C) job analysis D) performance standards E) job context Answer: C Explanation: Job analysis can help reveal duties that need to be assigned to a specific employee. Job specifications are generated by a job analysis, but they typically focus on the type of person that is most suitable for a specific job. Work activities, performance standards, and job context are the types of information that are provided through a job analysis, but they do not necessarily uncover unassigned tasks. Diff: 1 Page Ref: 117 Chapter: 4 Objective: 1 Skill: Concept 8) The ________ lists a jobs specific duties as well as the skills and training needed to perform a particular job. A) organization chart B) job analysis C) work aid D) job context E) job description Answer: E Explanation: Job descriptions list the specific duties, skills, and training related to a particular job. Organization charts show the distribution of work within a company but not specific duties. A job description is created after a job analysis has been performed. Diff: 1 Page Ref: 117 Chapter: 4 Objective: 1 Skill: Concept 9) How many steps are involved in the job analysis process? A) two B) four C) six D) eight E) ten Answer: C Explanation: Six steps are involved inShow MoreRelatedIntroduction to Human Resource Management12080 Words   |  49 PagesHuman Resource Management, 12e (Dessler) Chapter 1 Introduction to Human Resource Management 1) The basic functions of the management process include all of the following EXCEPT ________. A) planning B) organizing C) outsourcing D) leading E) staffing Answer: C Explanation: The five basic functions of the management process include planning, organizing, staffing, leading, and controlling. Outsourcing jobs may be an aspect of human resources, but it is not one of the primary management functions.Read MoreDessler Hrm12 Tif0511347 Words   |  46 Pagesï » ¿Human Resource Management, 12e (Dessler) Chapter 5 Personnel Planning and Recruiting 1) What is the first step in the recruitment and selection process? A) performing initial screening interviews B) building a pool of candidates C) performing candidate background checks D) interviewing possible candidates E) deciding what positions to fill Answer: E Explanation: The first step of the recruitment and selection process is deciding what positions to fill through personnel planning and forecastingRead MoreSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 Pages(SM+TB+IM) A First Course in the Finite Element Method, 5th Edition_Daryl L. Logan (SM) A First Course in the Finite Element Method, SI Version, 5th Edition_ Daryl L. Logan (SM) A Framework for Marketing Management, 4E_Philip R Kotler,Kevin Lane Keller (TB) A Friendly Introduction to Numerical Analysis,Brian Bradie (ISM) A Guide to International Financial Reporting Standards, 3rd Edition_Belverd E. Needles, Marian Powers (SM+TB) A Guide to Modern Econometrics, 4th Edition_Marno Verbeek (SM) A History

Wednesday, May 6, 2020

The Management Of The Walt Disney Company - 900 Words

The Walt Disney Company exemplifies an organization composed of four strategic business units (SBUs) which, with the consideration of the consolidated revenue, represented roughly a enormous 35.5 billion dollars in 2007. The four SBUs are Disney Consumer Products, Studio Entertainment, Parks and Resorts, and Media Networks Broadcasting, and these can be further subdivided into 28 categories and are composed of a plethora of brands. The only two important commonalities that can be deduced upon inspection of the entirety of the Walt Disney Company’s holdings are entertainment and information. Every business activity the organization is engaged in is related in some manner. To providing its consumer base entertainment and/or information. Despite the two Commonalities of the Walt Disney Company’s activities, there exists a tremendous spectrum of variety in its operations. One of the growth strategies that have helped the conglomeration reach its current level of success is the fact that the organization has expanded, both vertically and horizontally, into new markets by targeted segmentation. In most cases, it reaches these market segments with an acquired brand, such as ESPN, ABC, and Miramax Films. Also, it is only through the branching out in branding that Disney has grown simply because the children’s brand is comparatively limited in terms of the target demographic. Describe your selected organization s business strategy including mission, values,Show MoreRelatedThe Walt Disney Company and Disney Management25371 Words   |  102 PagesTHE CULTURAL ENVIRONMENT OF GLOBAL MARKETING O UTL I N E O F CASES 2-1 The Not-So-Wonderful World of EuroDisney— Things Are Better Now at Disneyland Resort Paris 2-2 Cultural Norms, Fair Lovely, and Advertising 2-3 Starnes-Brenner Machine Tool Company: To Bribe or Not to Bribe? 2-4 Ethics and Airbus 2-5 Coping with Corruption in Trading with China 2-6 When International Buyers and Sellers Disagree 2-7 McDonald’s and Obesity 2-8 Ultrasound Machines, India, China, and a Skewed Sex Ratio CASERead MoreThe Management Of The Walt Disney Company1736 Words   |  7 PagesThe Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment operates cable programming services, including the ESPN, Disney channels, and Freeform networks; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio Network; and the Radio Disney network. It also produces and sells original live-action and animated television programming toRead MoreStrategic Management at the Walt Disney Company4260 Words   |  18 Pagesrecent period of strategic change at The Walt Disney Company which began in 2005 with the appointment of current CEO Robert Iger. The company began to experience halted growth during the late 1990s. The former CEO Michael Eisner had been successful himself in the late 1980s in changing the company during what is known as the Disney Renaissance. Eisner successfully concentrated the company’s energy back into producing animated films and helped the company to create now-classic names such as The LittleRead MoreThe Management Of The Walt Disney Company1243 Words   |  5 Pages2011, only six media companies were responsible for 90% of the things we saw and heard on a daily basis compared to fifty companies in 1983 (Lutz, 2012). The Walt Disney Company is one of them. In this report, we will take a look at how the Company has succeeded in growing into the media corporation it is today. A Look into the Company’s History The Walt Disney Company was first founded in 1923 by Walt and Roy Disney (Wasko, 2011). It was first known under the name of the Disney Brothers Studio, beforeRead MoreWalt Disney Company s Management Practices1742 Words   |  7 PagesThe Walt Disney Company’s Management Practices When most people think of Disney they picture all the rides and the famous character Mickey Mouse. The thought of being anything but an amusement park probably never even crosses the minds of most people. The Walt Disney Company is an extremely successful and lucrative business though and not just because of their fun amusement parks. Sure at the beginning of the business in 1923, it was all about the park and cartoon studio, but now almost one hundredRead MoreThe Executive Management Team For Walt Disney Company Essay2147 Words   |  9 PagesThe Walt Disney Company have many assets available which include film, television, publishing, the internet, and music. The executive management team for Walt Disney has put Disney on top as one of the world’s top conglomerates, making $14.28 billion in Quarter Three in 2016. They regularly find different and new innovative ways to promote and sell their brands through various media segments to have a revenue increase and it has helped Disney to successfully complete its mission to position itselfRead MoreA Strategic Management Case Study on the Walt Disney Company8543 Words   |  35 PagesA Strategic Management Case Study on Erika Erro | Mimilanie M. Mabanta | Javi Mendezona | Clara Poblador Tour 198 Prof. Emma Lina F. Lopez Introduction Company Background When brothers Walt and Roy Disney moved to Los Angeles in 1923, they went there to sell their cartoons and animated shorts. One could only  dream  that their name would one day be synonymous with entertainment worldwide. But then again, that is how The Walt Disney Company has made their fortunes over the last severalRead MoreWalt Disney : The Monopoly Of Entertainment1177 Words   |  5 Pages The Walt Disney Company is one of the world’s largest media conglomerate’s which specializes in entertainment. The company overlooks, â€Å"the movie, TV, toys and theme parks business by owning six of the top ten franchises in the world.† (Disney: The Monopoly of Entertainment.) Through all of their services, The Walt Disney Company has impacted and continues to the impact the lives of both children and adults. Walter Elias Disney and his brother Roy founded The Walt Disney Company on OctoberRead MoreDisney : Disney s Strongest Presence1007 Words   |  5 PagesDisney Offices/Locations Disney’s strongest presence is in the United States. However, with operations in more than 40 countries, approximately 166,000 employees and cast members around the world, Disney sets the standard for the future of entertainment. Whether it s Disney or Marvel, ESPN or PIXAR – in China or the United States, India or Argentina, Russia or the United Kingdom, the people of The Walt Disney Company create content and experiences in ways that are relevant to the many culturesRead MoreThe Walt Disney Company Analysis873 Words   |  4 Pages â€Å"The Walt Disney Company is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.† (The walt disney, n.d.) At year end of 2013, the company had net revenues of $45 billion, up from $42.3 billion the previous year and net income of $6.1 billion, up from $5.7 billion the previo us year. (Walt disney co, 2014) Enterprise Risk Management Risk management

Tuesday, May 5, 2020

Social Media Technology in Business Free-Samples for Students

Question: Discuss about the Advantages and Disadvantages of Using Social Networks in Business. Answer: The aim of the following paper is to pursue a literature review on the topic of the advantages and disadvantages of the utilization of social media and networks in business. The present paper would critically review a good extent of literatures related to the considered topic and thereafter would make critical evaluation of the contents presented in them. For accomplishing the aforementioned aim, the paper would identify the similarities as well as the dissimilarities between them and thereafter would attempt to synthesize the contents. It is significant to mention in the initial section that in the contemporary era of digitalization, social media and networks dominate the field of marketing in business organization. It can be said that the social media plays the role of a modern tool to address or approach the target market. As stated by Leonardi et al. (2013), over last few years social media and network has transformed from being a digitalized channel that is used for socializing from other media to a potential marketing tool or medium for operating business operations like marketing and increasing brand awareness. Prior to understand the advantages and disadvantages of the use of social media in business, it is essential to mention that according to Okazaki and Taylor (2013), social media is related with peoples interest in being connected with other people and information. Moreover, social media and networks have become a preferred place for the audience of the contemporary society for discussing about issues and collecting opinions regarding brands, products. As per Trainor et al. (2014), most of the people find social media a resourceful premise to get aware about a particular business organization prior to become their customers and it is one of the chief causes because of which organizations use social media networks in order to advance their business. The utilization of social media has fundamentally changed the way of interaction between business organizations and their customers (Trainor et al. 2014). Based on Laroche et al. (2013), at the initial stage, the use of social media in business has been considered as an innovative approach to business though gradually social media turned out to be a necessity for the business organization. According to the historical perspective of the utilization of social media in business organizations started with three different paths. First is the use of public sites like Twitter, G-talk and Face book, second has been individual private implementation of proprietary software through an organizations own server or through acquired cloud-based system (Tsimonis and Dimitriadis 2014). The third path has been the in-house proprietary solutions, which are created in form of prototypes for commercial offerings by software vendors. In the contemporary world of business, social media has become an essential medium for varied operations like customer service, public relations, brand recognition, brand awareness and most importantly marketing. However, as contradicted by Vinerean et al. (2013), besides making business operations smoother and more attractive, the utilization of social media in business is time intensive, difficult in time quantifying return on investment and its dynamic nature. The aforementioned statement is justified because social media is an interactive tool and therefore in order to accomplish business success through social media, it is required to establish long-term relationship with the external environment. Therefore, tasks like continuous monitoring, sharing information and responding to the enquiries are some of the essential responsibilities related with it (Kasemsap 2014). Henceforth, for smoothly making use of social networking in business, every business organization requires to hav e an individual or a group of individual for accomplishing all the aforementioned activities. Nevertheless, in the words of Badea (2014), it is true that the use of social media marketing is time intensive though there is no better way than social media to accelerate brand recognition. According to Badea (2014), it cannot be ignored that the application of social media in business is one of the most convenient ways for creating brand awareness as well as to stay in touch with the clients. Most significantly, a business enterprise can successfully share organizational news, business-related photos and can advertise any product that is going to be launched recently using social media. It has been identified that none of the considered article writers have contradicted the fact that the biggest advantage of using social media is its power of immediacy (Ooms et al. 2015). More precisely, with the help of social media business organizations can avail responses instantly from potential target market or other external stakeholders. Therefore, it is indicative of the fact that with t he utilization of social media, an organization can effortlessly determine whether the target market or other significant external stakeholders prefer their service or products, which have been advertised through social media and networks (Harrigan et al. 2015). Therefore, it can be said that two the biggest responsibilities that the social media can accomplish for an organization are market research as well as market study. According to Harrigan et al. (2015), the utilization of social media should be increased based on the reason that it helps to save a huge amount of cost of physical marketing. It is justifiable based on the reason that marketing become virtual through social media and networking and most of the familiar social media networking sites are nowadays free to access. Therefore, with the use of social media networking, marketing becomes a cost-saving operation where marketers do not need to invest cash or employ a huge extent of human force for promoting a business. On the other side, it has been argued by Kasemsap (2014), with the application of social media marketing business organizations bear chances of receiving negative feedbacks from external stakeholders and also chance of being hacked by malware, brand hijacking as well as viruses. Moreover, marketing through social media is often accused of being intrusive. As identified from most of the considered literary accounts related to the topic, most of the time, sharing information on social networking site proved to be unsafe. It is a considerable fact that with the use of social media or network for marketing or other business purpose, risks in the field of privacy increases (Kasemsap 2014). It has been also understood that the emergence of the confidentiality controversy and offensive reaction have become frequent in the organizational practice or application of shaping advertisements and campaigns on product or service launch and about any service related information. In such case, in place of getting brand recognition and a profit-based marketing, an organization earns bad reputation, which sometimes leads to huge financial loss (Tsimonis and Dimitriadis 2014). On the other side, it has been agreed in almost each of the reviewed articles that the use of social media and networking are helpful for flexibly pursuing as well as managing communication among the employees and internal stakeholders. Specifically, with the use of online social media like Face book, Twitter and electronic mails and other online messaging applications, it has become easy for management as well as for an organizational authority to inform employees on any kind of organizational decision and policy (Okazaki and Taylor 2013). Therefore, it can be said that with the help of social media and social networking business organizations can save time from organizing meeting and workshops in physical level. According Ooms et al. (2015), nowadays more than pursuing communication with the target market and other external stakeholders, business organization employ social media for accomplishing the purpose of internal communication. As per Vinerean et al. (2013), unlike the use of social media for external communication, for the purpose of internal communication, most of the organizations do not use varied media platforms as they prefer to integrate an unique social media platform that contain numerous functions. For example, business organizations nowadays design customized individual online portals for both managers and employees along with creating individual websites. Through this, organizations share information related to organization and do social tagging. One of the most commonly used social media and networking platform is emails through which in the contemporary business sector, workers as well as management get aware of any upcoming meeting, policy or authorial decision (Tsimonis and Dimitriadis 2014). Thus, following social medias contribution in the internal organizational premise, it can be said that social media and networking assist an organization to make visible communicative activities. In the context of identifying the distinct advantages of using social media in business organization, it is to require mentioning that in recent times most of the multinational companies like to use social media for enabling employees access to the knowledge experts inside an organization. It is an important aspect of every organizational culture to provide employees easy access for acquiring significant knowledge as well as information regarding the work field. For example, multinational and IT giant IBM prefers to maintain an impressive extent of social media aspects for integrating one large social media platform for pursuing a flexible internal organizational communication (Vinerea et al. 2013). It has been identified that the organization has built a blogging community for the internal stakeholders as well as blog central. On the other hand, organizations like Microsoft maintain an internal blogging community that is activated through the organizations own intranet platform. How ever, in terms of disadvantages of the process included in the installation and integration of social media platform is the chance of getting prohibited for not to undermine the brokerage position (Vinerea et al. 2013). Besides, the aforementioned disadvantage, it has been also identified that excess utilization of social media for bringing ease to internal communication is considered as a potential source of creating a low stakes environment. Moreover, with frequent use of social media for facilitating flexible internal communication, the organizational boundaries between private communication and work-related communication gets blurred (Harrigan et al. 2015). Consequently, in an organization, the impact of personal similarities upon work communication increases. Most significantly, in terms of disadvantage, use of social media for enabling internal organizational communication can encourage the aspect of strategic self-presentation to avoid being tracked and quantified. Additionally, the excessive use of social media for enabling easy internal communication may compel employees to refrain from the communication in social platform (Ooms et al. 2015). Henceforth, various time social media and networ k is called as a leaky pipe for business enterprises. However, as contradicted by Leonardi et al. (2013), social media is also considered to be an aspect enacting echo chamber in business organization. It is because, internet as one of the most convenient element of social media platform possesses the ability to link an individual with other. Internet is one of those user-friendly elements of social media that connect people and help them to express individual views regarding a particular subject. In organization, with the help of internet, internal blogging premise is created through which employees share varied information related to organizational culture. The particular procedure helps the new joiners in getting accustomed with the organizational culture as well as to cultivate the sense of belonging within the workplace (Okazaki and Taylor 2013). Therefore, it can be determined that the use of social in business organization is act as social lubricants that fruitfully help an organization to advance social capital within the workpl ace. At the same time, it should be also considered that organizational application of social media and networking helps to stimulate any kind of development of the disingenuous relationships in workplace (Traino et al. 2014). Therefore, the above discourse it can be interpreted that in the contemporary world of digitalization, the use of social media in business organizations do carry both advantages and disadvantages. The above paper is indicative of the fact that in terms of advantages, social media and networking helps in pursuing the activity of brand recognition, marketing and flexible communication with the external stakeholders. On the other hand, for the purpose of internal communication, use of social media proves most convenient. However, in terms of disadvantages, use of social media in business brings the chances of privacy breech and at the same time social media can earn bad reputation for an organization as well. References Badea, M. 2014. Social media and organizational communication.Procedia-social and behavioral sciences,149, 70-75. Kasemsap, K. 2014. The role of social networking in global business environments.Impact of emerging digital technologies on leadership in global business, 183-201. Laroche, M., Habibi, M. R., and Richard, M. O. 2013. To be or not to be in social media: How brand loyalty is affected by social media?.International Journal of Information Management,33(1), 76-82. Leonardi, P. M., Huysman, M., and Steinfield, C. 2013. Enterprise social media: Definition, history, and prospects for the study of social technologies in organizations.Journal of Computer?Mediated Communication,19(1), 1-19. Okazaki, S., and Taylor, C. R. 2013. Social media and international advertising: theoretical challenges and future directions.International marketing review,30(1), 56-71. Ooms, W., Bell, J., and Kok, R. A. 2015. Use of social media in inbound open innovation: Building capabilities for absorptive capacity.Creativity and Innovation Management,24(1), 136-150. Harrigan, P., Soutar, G., Choudhury, M. M., and Lowe, M. 2015. Modelling CRM in a social media age.Australasian Marketing Journal (AMJ),23(1), 27-37. Trainor, K. J., Andzulis, J. M., Rapp, A., and Agnihotri, R. 2014. Social media technology usage and customer relationship performance: A capabilities-based examination of social CRM.Journal of Business Research,67(6), 1201-1208. Tsimonis, G., and Dimitriadis, S. 2014. Brand strategies in social media.Marketing Intelligence and Planning,32(3), 328-344. Vinerean, S., Cetina, I., Dumitrescu, L., and Tichindelean, M. 2013. The effects of social media marketing on online consumer behavior.International Journal of Business and Management,8(14), 66.