Business told to 'constantly' evolve to maximise profit

e14news — Thu, 07 Oct 2021 10:33:35 GMT

Current Revision posted to Documents by e14news on 10/7/2021 10:33:35 AM
Consultancy firm Elemental has suggested businesses must "constantly" evolve alongside the social media landscape in order to profit from the medium, wireless communication device manufacturers may be interested to learn.

According to Tim Gibbon, director at Elemental, firms should also approach social platforms with "balance and realism" or risk dilution of their brand.

"[Social media] have evolved and this is important for businesses to appreciate; they will constantly need to do so as the landscape changes," he remarked.

"Balance and realism in what social environments can achieve is important in that just because businesses may have a presence, may participate, it doesn't mean it will yield the results expected."

Indeed, Mr Gibbon explained, quite the opposite can happen. If a business is not prepared with understanding of the changing platforms, he said brand dilution is possible.

A survey by Regus revealed recently that 41 per cent of UK businesses use social networking to win new customers.

Posted by Simon Jones