One social media misconception many companies have is that believing if you simply build it, they will come. Just because you brand a Facebook page, blog, YouTube channel, or Twitter profile does not mean that you are using social media.

To have a worthwhile social networking presence, you need to create a constant dialogue, whether it’s sharing information, exchanging ideas or creating engaging content. This is what builds social communities and interest in your business.
Approach
Companies must define their approach to social media by establishing a strategic and sustainable plan that creates two-way communication and engagement. To begin, the following questions must be addressed:

1) What are the social networking goals for the enterprise?
2) What are the social media guidelines and policies for the organization?
3) Who will manage and be accountable for the companies’ social voice?
4) What is the plan to sustain and grow our social media presence?
5) How do we ensure that our company’s image, management style and culture are properly represented?
6) Who is responsible for monitoring our social media communities and what procedures do we put in place for timely and proper response.
Along with these initial steps, the enterprise must also define stakeholders and assign accountability for its social networking efforts. Establishing a social media manager with credentials and decision-making abilities is a good idea. After all, the person managing this position represents the company’s customer service, sales, and management teams.
Many companies turn to third parties to consult and lead these efforts. A good social media firm will suggest best practices, develop a sustainable plan, manage initiatives and monitor social conversations. However, it’s most important that the company itself be involved and dedicated to the process.
Communication 
Social media is a valuable and unique two-way communication vehicle. It establishes a companies’ online image and can highlight its product and service offerings in a non-intrusive manner – while at the same time providing insights to the personality and culture of the enterprise. Most importantly, social networking is about relationship building… gaining loyalty and trust with your customers. This can be done through communication, response, and candor – some personality helps as well.
Social media is a powerful tool and companies should not overlook its importance. Taking time to understand these communication platforms, create a strategy and develop a sustainable approach can be a difference maker for your enterprise.

