Describe how communities of practice and brand communities can benefit companies
What will be an ideal response?
Social networks are a natural tool for bringing together communities of practice—people who engage in similar work—and communities of interest—people who share enthusiasm for a particular product or activity. Large and geographically dispersed companies can benefit greatly from communities of practice that connect experts who may work in different divisions or different countries. Communities of interest that form around a specific product are sometimes called brand communities, and nurturing these communities can be a vital business communication task. Some communities spring up spontaneously when product enthusiasts connect online, while others are more formal organizations established by companies to help customers use their products more successfully and engage with like-minded individuals.
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Identify the correct statement about the Securities and Exchange Commission (SEC).
A. SEC rules prohibit the dollar value of extra benefits from being disclosed to shareholders. B. It is a limited regulatory commission with five members, one of whom serves as chairman, appointed by the governor for five years. C. It now has a staff of 3,500 and an annual budget of approximately $900 million. D. Under SEC rules, a company can reject a proposed resolution for any of 30 reasons.
The universality of management principles is a characteristic of
A. Scientific management B. Administrative movement C. Human Relations movement D. Modern movement