Social Networking Essay Example | Topics and Well Written Essays - 1250 words

Social Networking - Essay Example Social network comes in various forms and sizes and serve many purposes. Social networking is necessary for the survival and advancement of the society. The invention of telegraph, radio and internet have created and maintained social networking despite of the vast distance between the people. The ability of people to communicate across the planet has give way to different forms of social networking mediums. Friends can now easily connect with each other being thousands of miles apart. As per TechTarget,(2008)â€Å"The social networks we speak of today, such as Face book or MySpace, provide incredibly rich communications. Pictures, audio recordings, video recordings can be freely shared by anyone with an internet connection†. These facilities have given rise to a new category of social networking. Websites and internet now provide many opportunities that were not possible before. Social networking are application available on internet which has log – in page, user accou nt and a bunch of games and tools to have fun with friends while we are logged in. The social networking sites has a great influence on today’s youth and give them different identity and interacting platform. The Social networking is not new concept The concept of social networking is not new even though people are only familiarized with it recently. Individuals can connect within a social network where they work together, study together, lived together or share certain interests. Individuals are usually drawn to people with whom they can relate to. According to Ronca(2009)â€Å"Social networking is not a new concept. In fact, it's been around as long as we have. A social network is simply the structure of relationships among individuals†. Everyone on the earth is a part of one social network and we knowingly or unknowingly engage in social networking. We are engaging in small sub networks which consist of our families, friends, colleagues, school and community. Our so cial networking multiplies consistently as we are all time in contact with people. Social networking is not at all new and can be traced to 1800s. In the article Larrivee(2011)writes that â€Å"Social networking is not a new concept in fact it is really quite old with formal recognition surfacing in the 1800’s yet if you consider ancient Rome and Greece, one might say that it really began in those times†, People in olden times use to socially and politically interact .Social networking in past happened in the same ways as today but only the platform where it took place was different. In the past, people met in real world, whereas in the present people virtually meet and interact. Social networking started since the early men started living in communities. It started before the invention of internet in villages and olden cities People in villages gather around trees in free time and discussed everything and anything. Social networking existed in olden days In olden time s people gathered on festivals and social get together and interacted with each other freely. They met in churches and temples and shared their ideas and views about daily activities. People in olden days had their share of fun and relaxation whenever they met like the new generation. Human is a social being and he needs to be active in social life to make things pleasant. Today the internet has taken the place of other social gathering venues but social networking happened since ever.In ancient times, people where more of socializing nature as they were not much restricted to their homes. They always met people in outdoors and had more opportunity to interact with each other. In ancient times, festivals and fairs where the venues where people met each other and engaged in pleasurable acitivities.People used to meet and

Using an extended example critically examine whether the sector matrix Essay - 1

Using an extended example critically examine whether the sector matrix framework gives a better strategic understanding of product markets than the concepts of product or comodity chains - Essay Example een dominant concept within theoretical framework of economics as well as strategy studies as different theoretical frameworks such as BCG and Porter’s ideas gave rise to the overall concept of the value chain. However, on a much bigger scale, the idea of value chain encompasses a much larger significance because it interconnects different industries either within the borders or outside the borders of the company. This therefore also means that the global supply chain management is not just a mere concept but a social as well as economic phenomenon. The concept of global commodity chains emphasized on the spatial and territorial dimensions of doing business and is based on the concepts of global chains. A new and more innovative concept is the concept of sector matrix which outlines the interplay of demand and supply forces. By emphasizing the demand distribution and supply interaction, the sector matrix increases the field for visible as it attempts to define much more complicated activities and put more focus on redefining competition not from the perspective of the competing manufacturing systems but from really divergent prospective. Globalization of economic resources of the world have given rise to a new phenomenon where products are hardly produced in the domestic markets as there are innumerable linkages between different players which collectively contribute towards the development of chains which regulate the whole process of manufacturing activity. For example, NIKE outsources almost all of its manufacturing facilities and goods sold in US are made in various countries of the world. Porter’s ideas on the five forces indicate how the firm in a particular industry can gain the competitive advantage. The Porter’s five forces discuss the impact of buyer and suppliers on the given firm as the interaction of both the entities on the firm defines the overall competitive advantage of the firm. What is also however, critical to note that the existing