Social Media Marketing Week 1 & 2

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Questions and Answers

Which key role is responsible for analyzing social media data?

  • Community Manager
  • Social Media Manager
  • Content Creator
  • Social Data Analyst (correct)

What is NOT a component of SMART objectives?

  • Time-Bound (correct)
  • Measurable
  • Specific
  • Achievable

Which term best describes the reason customers should choose your product or service over competitors?

  • Vision
  • Target Audience
  • Mission
  • Value Proposition (correct)

Which role in a social media team is primarily tasked with managing public relations?

<p>PR Specialist (D)</p> Signup and view all the answers

What aspect of a social media calendar should be prioritized for effective planning?

<p>Frequency of postings (C)</p> Signup and view all the answers

In defining a target audience, which characteristic is least relevant?

<p>Industry trends (A)</p> Signup and view all the answers

What is the meaning of 'Achievable' in the context of SMART objectives?

<p>Realistic compared to available resources (A)</p> Signup and view all the answers

Which of the following contributes to the design of social media posts?

<p>Target Audience (C)</p> Signup and view all the answers

Which force in Porter’s 5 Forces framework refers to the degree of competition among existing firms?

<p>Competition/Rivalry (C)</p> Signup and view all the answers

Which of the following is NOT one of the 5S's of Digital Marketing?

<p>Satisfy (B)</p> Signup and view all the answers

Which factor in the PESTLE analysis deals with government regulations and political stability?

<p>Political Factors (B)</p> Signup and view all the answers

What does the 'Save' in the 5S's of Digital Marketing refer to?

<p>Reducing costs for consumers (D)</p> Signup and view all the answers

Which component of the SWOT analysis reflects internal capabilities and resources?

<p>Strengths (C)</p> Signup and view all the answers

The 'Bargaining Power of Suppliers' in Porter’s 5 Forces indicates what?

<p>The influence suppliers have over the price and supply of goods (B)</p> Signup and view all the answers

Which of the following factors is included in the PESTLE analysis?

<p>Technological Factors (C)</p> Signup and view all the answers

What does 'Threat of Substitutes' refer to in Porter’s analysis?

<p>The likelihood of customers finding alternative products (A)</p> Signup and view all the answers

What is the primary role of a Social Media Manager?

<p>Defining strategy and leading the team (B)</p> Signup and view all the answers

Which component is NOT included in a Social Media Calendar?

<p>Target audience (C)</p> Signup and view all the answers

What is the role of a Community Manager in a social media context?

<p>Building community and managing audience engagement (D)</p> Signup and view all the answers

Which of the following best describes a Blue Ocean Strategy?

<p>Creating a new market space that is uncontested (D)</p> Signup and view all the answers

What should be included in the mission statement of an organization?

<p>A concise statement detailing what the organization does and benefits offered (A)</p> Signup and view all the answers

The role of a PR Specialist primarily involves which of the following?

<p>Handling PR communications and events (D)</p> Signup and view all the answers

Which team member is responsible for interpreting data and measuring ROI?

<p>Social Data Analyst (A)</p> Signup and view all the answers

What is a key trait that should be considered when designing social media posts?

<p>Incorporating high-resolution images and educational content (D)</p> Signup and view all the answers

What factors should be considered in a SWOT analysis as weaknesses?

<p>Areas where we can improve (C)</p> Signup and view all the answers

In a Blue Ocean Strategy, what best describes a Red Ocean?

<p>A highly competitive market with intense rivalry (A)</p> Signup and view all the answers

Which factor does NOT fall under technological changes affecting industries?

<p>Employment laws (B)</p> Signup and view all the answers

What is a key question to identify opportunities in a SWOT analysis?

<p>What gaps exist in the market? (A)</p> Signup and view all the answers

Which of the following best describes external factors in legal considerations for businesses?

<p>Safety regulations and consumer protection laws (A)</p> Signup and view all the answers

What is a key component of a value proposition?

<p>The primary reason a product is best suited for its target audience (D)</p> Signup and view all the answers

Which of the following is NOT one of the SMART objectives?

<p>Miscellaneous (C)</p> Signup and view all the answers

What does the 'Sizzle' aspect of digital marketing focus on?

<p>Strengthening the brand with unique experiences (C)</p> Signup and view all the answers

Which force identifies the need for companies to differentiate themselves?

<p>Competition/Rivalry (C)</p> Signup and view all the answers

Which of the following factors is NOT included in the PESTLE analysis?

<p>Employee Satisfaction (A)</p> Signup and view all the answers

What effect has the internet had on barriers to entry for new companies?

<p>It has lowered startup costs, making entry easier. (A)</p> Signup and view all the answers

What does the buyer's bargaining power in the micro environment refer to?

<p>Buyers' ability to negotiate lower prices due to more options (C)</p> Signup and view all the answers

Which economic factor is likely to affect pricing strategies?

<p>Inflation and interest rates (B)</p> Signup and view all the answers

Flashcards

Social Media Definition

Social media refers to online platforms that facilitate communication and interaction among users.

Old Advertising Methods

Traditional ways of promoting products or services before social media.

Social Media Calendar

A tool to plan and schedule social media posts in advance.

Post Design Tips

Suggestions for creating visually appealing and engaging social media posts.

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Target Audience

The specific group of people a business wants to reach with its social media marketing.

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Social Media Manager

Person responsible for managing a company's social media presence.

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Content Creator

Individual who produces the content for social media platforms, such as text, images, and videos.

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Social Data Analyst

Person who analyzes social media data to understand audience behavior and trends.

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Community Manager

Individual who builds and maintains relationships with followers on social media.

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PR Specialist

Person who manages a company's public relations efforts, often including social media.

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Mission

A company's core purpose and reason for existing.

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Vision

A company's long-term aspirations and desired future state.

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Value Proposition

The value a company offers to its customers, often highlighted on social media.

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SMART Objectives

Specific, Measurable, Achievable, Realistic, and Time-bound goals.

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Specific

Clearly defined and well-articulated objectives.

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Measurable

Objectives that can be tracked and measured using data.

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Achievable

Objectives that are realistic to attain within a given time.

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Realistic

Objectives that are not too ambitious or impractical.

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5S's of Digital Marketing

A framework for digital marketing focusing on selling, serving, speaking, saving & sizzle.

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Sell (5S)

Generating leads, closing deals, achieving sales goals in digital marketing.

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Serve (5S)

Meeting customer needs after sale with excellent customer service strategies.

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Speak (5S)

Communicating your brand's message and value effectively in digital channels.

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Save (5S)

Optimizing expenses and promoting cost-efficiency in digital marketing.

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Sizzle (5S)

Creating engaging content and experiences to stand out and grow brand perception.

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Porter's 5 Forces

A model analysing competitive forces within an industry.

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Competition/Rivalry (Porter's 5 Forces)

Intensity of competition among existing firms within an industry.

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Barriers to Entry (Porter's 5 Forces)

Obstructions making it hard for new firms to enter an industry.

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Buyer's Bargaining Power (Porter's 5 Forces)

Power of customers to influence prices and terms in an industry.

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Threat of Substitutes (Porter's 5 Forces)

Risk that customers switch to alternative products or services.

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Bargaining Power of Suppliers (Porter's 5 Forces)

Influence of suppliers on pricing and availability in an industry.

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PESTLE Analysis

Framework analysing macro-environmental factors impacting a business.

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SWOT Analysis

Framework for analysing internal strengths & weaknesses, and external opportunities & threats.

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Social Media Definition

Digital channels for creating communities and sharing information.

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Old Advertising Methods

Posters, flyers, newspapers, magazines, signage, word of mouth, direct mail.

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Social Media Calendar

Overview of upcoming posts including date, time, platform, designs, captions, links, and tags.

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Post Design Tips

Simple, high-resolution images, small videos, polls, educational content, and promotions.

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Target Audience

Includes parents, students, teachers, NGOs, and more.

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Social Media Manager

Leads the team & defines strategy, coordinates efforts & monitors content success, handles paid advertising.

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Content Creator

Develops engaging content, tracks trends & handles multimedia tasks (design, video, copywriting).

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Social Data Analyst

Interprets data & measures ROI, recommends adjustments.

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Community Manager

Manages audience engagement, builds a community & escalates major issues.

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PR Specialist

Enhances brand presence across channels & handles PR communications, events, crisis management.

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Mission

Concise statement detailing what an organization does, its audience, and benefits.

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Vision

Forward-thinking statement outlining company aims in 5-10 years.

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Blue Ocean Strategy

Creating uncontested market space instead of competing in existing markets.

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Red Ocean

Existing market space where competitors are already competing.

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Blue Ocean

Uncontested market space

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Weaknesses

Areas where the company is less strong compared to others.

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Opportunities

Favorable conditions or conditions conducive to the company's growth and expansion.

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Threats

External factors that could negatively impact the company's success.

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SWOT Analysis

A strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.

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Strengths (SWOT)

Internal aspects of a business that are advantages compared to competitors.

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Weaknesses (SWOT)

Internal aspects of a business needing improvement when compared to competitors.

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Opportunities (SWOT)

External factors that can help a business grow.

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Threats (SWOT)

External factors that could harm a business.

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Red Ocean

Highly competitive market with limited demand, often leading to price wars.

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Blue Ocean

Uncontested market space, created through innovation and unique value.

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Technological Factors (Business)

Technology's impact on industries and consumer behavior.

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Legal Factors (Business)

Laws and regulations governing business practices.

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Environmental Factors (Business)

Physical environment impacting industries (e.g., climate, tourism, agriculture).

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Amazon's Vision

To be Earth's most customer-centric company

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Value Proposition

Reason a product/service is best for its target audience

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SMART Objectives

Specific, Measurable, Achievable, Realistic, Timely objectives

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Specific (SMART)

Targeting a particular area for improvement in a goal

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Measurable (SMART)

Quantifying progress towards a goal

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Achievable (SMART)

Attainable goals based on resources

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Realistic (SMART)

Attainable results with available resources

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Timely (SMART)

Includes a timeline for expected results

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Sell (5S's)

Increase in sales through expanded reach, more products, and better pricing

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Serve (5S's)

Adding value through benefits, customer feedback, and resources

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Speak (5S's)

Stronger customer connections through live chats, forums, and monitoring

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Save (5S's)

Reduce costs through automation, self-service, and digital communication

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Sizzle (5S's)

Strengthen brand image through unique experiences, engaging content, and building community

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Competition (Porter's 5 Forces)

Internet makes products similar, so companies differentiate themselves

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Barriers to Entry (Porter's 5 Forces)

Internet lowers startup cost, but established companies have advantages

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Buyer's Bargaining Power (Porter's 5 Forces)

More options for buyers mean lower prices, especially with high supply

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Threat of Substitutes (Porter's 5 Forces)

Internet speeds up new alternatives, so companies must protect market share

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Bargaining Power of Suppliers (Porter's 5 Forces)

More choices for customers reduce supplier power

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Political Factors (PESTLE)

Government rules and policies impact industries

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Economic Factors (PESTLE)

Economic conditions affect pricing and supply/demand

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Social Factors (PESTLE)

Demographics, culture, and lifestyle choices influence buying

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Study Notes

Week 1

  • Social media definition: Digital channels for creating communities and sharing information.
  • Old advertising methods: Posters, flyers, newspapers, magazines, signage, word of mouth, direct mail.
  • Social media calendar: Overview of upcoming posts, including date, time, platform, designs, captions, links, and tags.
  • Post design tips: Simple, high-resolution images, short videos, polls, educational content, and promotions.
  • Target audience: Includes parents, students, teachers, NGOs, and more.

Week 2

  • Key team roles and responsibilities (Winning Team):
    • Social Media Manager: Leads, coordinates, monitors content success, handles paid advertising.
    • Content Creator: Develops creative content, handles multimedia tasks.
    • Social Data Analyst: Interprets data to ensure strategies align with key performance indicators (KPIs), measures ROI, and recommends adjustments.
    • Community Manager: Manages audience engagement, builds community, escalates major issues.
    • PR Specialist: Enhances brand presence, handles PR communications, events, and crisis management.

Week 3

  • Goals and objectives:
    • Mission: Concise statement of organization's purpose, audience, and benefits. Example; Amazon's mission: "Serve consumers through online and physical stores and focus on selection, price, and convenience."
    • Vision: Forward-thinking statement of the company's aspirations in 5-10 years. Example; Amazon's vision: "To be Earth's most customer-centric company."
    • Value proposition: Highlights the key reason a product or service is best for its target audience. Communicated directly through marketing.
  • SMART Objectives:
    • Specific, Measurable, Achievable, Realistic, Timely

Week 4

  • The 5S's of Digital Marketing:

    • Sell, Serve, Speak, Save, Sizzle
  • Micro environment - Porter's 5 Forces (competition, barriers to entry, buyer's bargaining power, threat of substitutes, bargaining power of suppliers)

  • Macro environment - PESTLE Analysis (Political, Economic, Social, Technological, Legal, Environmental factors)

  • SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)

  • Blue Ocean Strategy: A market space free of competition, created through innovation. Companies provide unique value, making competition irrelevant and opening up new growth opportunities.

  • Red Ocean Strategy: A highly competitive market with limited demand, leading to lower profits.

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