The Role of Social Media in the Enterprise’s Communication with Its Stakeholders

The aim of the article is to present the role of social media in the process of communication between the company and its stakeholders, with the use of new tools. ICT tools enable rich and unlimited communication of each organization with each stakeholder. From the point of view of enterprises, this...

Full description

Bibliographic Details
Main Author: Wioletta Sylwia Wereda
Format: Article
Language:English
Published: Maria Curie-Skłodowska University, Lublin, Poland 2021-11-01
Series:Annales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia
Subjects:
Online Access:https://journals.umcs.pl/h/article/view/11969
_version_ 1797869110832398336
author Wioletta Sylwia Wereda
author_facet Wioletta Sylwia Wereda
author_sort Wioletta Sylwia Wereda
collection DOAJ
description The aim of the article is to present the role of social media in the process of communication between the company and its stakeholders, with the use of new tools. ICT tools enable rich and unlimited communication of each organization with each stakeholder. From the point of view of enterprises, this leads to a dramatic reduction in transaction costs, an increase in the effectiveness of managing contacts with interest groups, as well as spatial development and range of operations. In order to minimize marketing and promotional costs, enterprises look for all possible communication tools to reach the largest group of recipients of their message. A prime example is the phenomenon of social media, or internet “creations” that allow users to create and exchange user-generated content in order to create “crowd wisdom” used by businesses. The considerations contained in the article are an element of research on the role of social media in communicating with its stakeholders. The article is both in theoretical and practical knowledge. The subjects of the research are medium and large enterprises from the high technology service sector in Poland.
first_indexed 2024-04-10T00:07:30Z
format Article
id doaj.art-2d47c832c132450d8b108a2fff718bb5
institution Directory Open Access Journal
issn 0459-9586
language English
last_indexed 2024-04-10T00:07:30Z
publishDate 2021-11-01
publisher Maria Curie-Skłodowska University, Lublin, Poland
record_format Article
series Annales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia
spelling doaj.art-2d47c832c132450d8b108a2fff718bb52023-03-16T18:58:13ZengMaria Curie-Skłodowska University, Lublin, PolandAnnales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia0459-95862021-11-0155313314610.17951/h.2021.55.3.133-1468594The Role of Social Media in the Enterprise’s Communication with Its StakeholdersWioletta Sylwia Wereda0Military University of Technology in Warsaw. Institute of Organization and ManagementThe aim of the article is to present the role of social media in the process of communication between the company and its stakeholders, with the use of new tools. ICT tools enable rich and unlimited communication of each organization with each stakeholder. From the point of view of enterprises, this leads to a dramatic reduction in transaction costs, an increase in the effectiveness of managing contacts with interest groups, as well as spatial development and range of operations. In order to minimize marketing and promotional costs, enterprises look for all possible communication tools to reach the largest group of recipients of their message. A prime example is the phenomenon of social media, or internet “creations” that allow users to create and exchange user-generated content in order to create “crowd wisdom” used by businesses. The considerations contained in the article are an element of research on the role of social media in communicating with its stakeholders. The article is both in theoretical and practical knowledge. The subjects of the research are medium and large enterprises from the high technology service sector in Poland.https://journals.umcs.pl/h/article/view/11969net-generationcommunicationstakeholderssocial mediahigh technology services sector
spellingShingle Wioletta Sylwia Wereda
The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
Annales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia
net-generation
communication
stakeholders
social media
high technology services sector
title The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
title_full The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
title_fullStr The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
title_full_unstemmed The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
title_short The Role of Social Media in the Enterprise’s Communication with Its Stakeholders
title_sort role of social media in the enterprise s communication with its stakeholders
topic net-generation
communication
stakeholders
social media
high technology services sector
url https://journals.umcs.pl/h/article/view/11969
work_keys_str_mv AT wiolettasylwiawereda theroleofsocialmediaintheenterprisescommunicationwithitsstakeholders
AT wiolettasylwiawereda roleofsocialmediaintheenterprisescommunicationwithitsstakeholders