COM1101 Lecture 6: Social Media Industries PDF

Summary

This document presents a lecture on social media industries, exploring business models, revenue streams, and case studies of various platforms. It discusses value creation, target markets, competencies, and revenue sources for companies like Facebook, LinkedIn, and Twitter, while highlighting network externalities and considering user experience through digital good and services.

Full Transcript

Business How Economy works before Assumptionthat everything onme is free To solvesomething solveproblem it solveproblem 1Atmforcreating forwho 1Wh to create Howtomakemoney whatif offeritsfocus Thetarget shouldbehuge ...

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