CRITICAL SUCCESS FACTORS ON COMPANYâ€™S BUSINESS PERFORMANCES THROUGH WEB-BASED SOCIAL NETWORKS
AbstractSince their introduction, social media sites (SMSs) such as Facebook, LinkedIn and Twitter have attracted millionsÂ of users, many of whom have integrated these sites in their daily practices. As of this writing, there areÂ hundreds of SMSs, with various technological affordances, supporting a wide range of interests and practices.Â Social media are gaining popularity and are increasingly used in regular operations of many companies, includingÂ startâ€“ups, small, medium-sized, and large organizations. The purpose of this paper is to explore the differentÂ critical success factors related to use of web based social networks that can improve business performanceÂ of companies in the Republic of Macedonia. This research will focus on the extent of impact that web basedÂ social networks have on organizational capabilities and business performance.Â From the research it could be found that successful deployment of set of external and internal critical successÂ factors can lead to the improvement of business performance (financial and nonfinancial) of the companies.According to the results, the successful use of web-based social networks can improve (1) CRM integration, (2)Â open communication within a company and (3) ICT integration.
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