Abstract
This paper offers an evaluation of the role of virtual media in facilitating business generating activities. The analysis focuses on business generating activities in firms and marketing organizations from internal and external point of views. From internal point of view the paper addresses the role of Facebook in provision of some of the social capital that the economic sector needs and from external point of view it will focus on the role of social media in increasing the customers trust as well as strategic and tactical changes that must be utilized in the field of marketing and advertising. Some of the findings indicate that Facebook contributes to an increase in bridging capital of the Facebook users as well as to flow information needed for the new economic activities. The findings also indicate that many organizations and foreign firms use social media in order to increase their customers trust.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
- 2.
- 3.
It reached 109 million in February 2022.
- 4.
- 5.
- 6.
- 7.
- 8.
- 9.
This is a short name for and Iranian research institution.
- 10.
It means “updating”.
- 11.
- 12.
- 13.
Belly-worshipers who spend a lot of time in restaurants.
- 14.
- 15.
Ahangifaye Donyaye Taraneh.
- 16.
Shamad is the official code that businesses in Iran have to have it in order to be able to continue their business online.
- 17.
Click.ir/news/internet-businesses-telegram/ 1397/10/17.
- 18.
- 19.
Rate of US dollar was about 3600 Tomans at the end of 2016.
- 20.
- 21.
References
Ashraf, N. (2014). Impact of Social Networking on Employee Performance. Business Management and Strategy, 5(2),139–150.
Asur, S. & Huberman, B. (2010). Predicting the Future with Social Media. IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology, 492–499.
Cone (2008). Business in social media study. Retrieved from: http://onesocialmedia.com/wpcontent/uploads/2010/03/2008_business_in_social_media_fact_sheet.pdf.
Cray, E. (2012). The Social ROI: Successful Social Media Measurement from an Agency Standpoint. The Elon Journal of Undergraduate Research in Communications. 3(1), 43–52.
DelAfrooz, Narges, Taghavi Amir Ali, et al. (2019) Identifying Factors Affecting the Development of E-Commerce with Emphasis on the Role of Social Network, Business Management Quarterly No. 43 Fall 2017 70–87.
Dogres, Holly (2021), Iranian on social Media https://www.atlanticcouncil.org/in-depth-research-reports/report/iranians-on-socialmedia/
Ellison B. N. & Steinfield, S. & Lamp, C. (2007). The Benefits of Facebook “Friends” Social Capital and College Students’ Use of Online Social Network Sites. Journal of Computer-Mediated Communication, 12, 1143–1163.
Feizi, Zahra, Peyman Ghaffari Ashtiani (2018) Investigating the Impact of Social Media Content on Purchase Intention Considering the Mediating Role of Normative and Information Social Influence and Customer Relationship (Customers of Novin Charm Store through Instagram Social Network), Journal of Marketing Management No. 41 Winter 1397, 1–20.
Field, J. (2009). Social Capital. trans. Qafari, Q. & Ramezani, H. 2nd Ed. Tehran: Kavir Publication.
Fukuyama, F. (2006). The End of the Order. trans. Tavassoli, Q. Tehran: Hekayate Qalame Novin Publications.
Hooman, H. (2001) Multivariate Data Analysis in Scientific Research. Tehran: pars.
Kaplan, A. & Haenlein, M. (2010). Users of the world, unite! the challenges and opportunities of social media. Business Horizons, 53(1), 59–68.
Lee Sing, R. (2009). Social Network Websites and intra-organizational relationships: Using Facebook to Build Employee Relationships at Serena Software, University of South Florida.
Lewis, Jane and Anne West (2009), ‘Friending’: London-based Undergraduates’ Experience of Facebook, New Media Society at: http://nms.sagepub.com/content/11/7/1209; also available at: New Media& Society, http://nms.sagepub.com.
Mangold, W. & Faulds, D. (2009). Social media: The New Hybrid Element of the Promotion Mix. Business Horizons, 52, 357–365.
Maleki Minbash Razgah, Morteza; Mehri Shahriari (2017) Using Social Networks for Business in Iran: Challenges and Opportunities, World Media Magazine Volume 12 Issue 2 Published in Fall and Winter 1996, 108–89
Michaelidou, N. & Siamagka N. & Christodoulides, G. (2011). Usage, barriers and measurement of social media marketing: an exploratory investigation of small and medium B2B brads. Industrial Marketing Management, 40 (2011), 1153–1159.
Moffitt, S. & Dover, M. (2011). Wikibrands: Reinventing your Company in a Customer-Driven Marketplace. New York: McGraw-Hill, c2011.
Munene, A. Nyaribo, Y. (2013). Effect of Social Media Pertication (sic) in the Workplace on Employee Productivity. International Journal of Advances in Management and Economics. 2(2), 141–150.
Qualman, E. (2011, Jun 18). Social media revolution video 2011 (Motion picture). Retrieved April 4th, 2022, from: Qualman, E. (2011, Jun 18). Social media revolution video 2011 (Motion picture). http://www.socialnomics.net/2011/06/08/social-media-reviolution-video-2011/.
Ritzer, G. (2003). Sociology Theory in Modern Age. trans. Solasi, M. 7th Ed. Tehran: Elmi Publications.
Steinfield, C., Ellison, N. B., & Lampe, C. (2008). Social capital, self-esteem, and use of online social network sites: A longitudinal analysis. Journal of Applied Developmental Psychology, 29(6), 434–445.
Tajbakhsh, K. (2010). Social Capital: Trust, Democracy, and Development. trans. Khakbaz, A. & Pouyan, H. Tehran: Shirazeh Publication.
Yogesh, K. Dwivedi, Elvira Ismagilova (2021), Setting the future of digital and social media marketing research perspectives and research propositions, International Journal of Information Management 59 (2021) 102168
Zhang, S. A., Anderson S. & Zhan, M. (2011). The Differentiated Impact of Bridging and Bonding Social Capital on Economic Well-Being: An Individual Level Perspective. Journal of Sociology & Social Welfare, XXXVIII (1), 119–143.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Abdollahyan, H., Sheikh Ansari, M. (2024). Economic Aspects of Social Media: Facebook’s Potential for Generating Business in Iran. In: Dunn, H.S., Ragnedda, M., Ruiu, M.L., Robinson, L. (eds) The Palgrave Handbook of Everyday Digital Life . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-30438-5_3
Download citation
DOI: https://doi.org/10.1007/978-3-031-30438-5_3
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-30437-8
Online ISBN: 978-3-031-30438-5
eBook Packages: Literature, Cultural and Media StudiesLiterature, Cultural and Media Studies (R0)