preview

Analysis Of Major Environmental Factors That Affect The Survival, Operations, And Growth Of Social Media Industries Essay

Satisfactory Essays

IV. Social Competitive Forces

IV.A. Analysis of Major Environmental Factors.

According to how research, the major identifiable element that affect the survival, operations, and growth of social media industries in US. Political factors, economic, legal, technology and social factors. However, in the next lines we will explain and give more information.
Political
social media represent a big challenge, because some political information need to be kept secret and unreleased. Within advertising there are several legislations that must be in place before it can even be considered for placement. Advertisements must be an accurate description of the product so as not to confuse or mislead the consumer (YouGov 2015) the legislation also denotes the ways in which you can advertise to people in an aggressive manner. Any advertisements that do not abide by this legislation could potentially be fined, prosecuted or even prosecuted (YouGov 2015). The Advertising Standards Authority is the overall governing body who assess whether or not an advertisement is fit for consumption, it is also the way in which many consumers go about complaining about current advertisements (Jessica Wickens 2015) some countries such as Russia and china, do not allow people to use of Facebook, WhatsApp and other platforms media for securities purposes.
Economic issues
Social media is redefining the landscape of everything we do from the way we connect to family and friends, how brands and celebrities

Get Access