preview

A Company 's Social Media Strategy

Decent Essays

In today 's society a company 's social media strategy is as important as ever. You can look at a company 's social media profiles and measure a customers engagement with that company and how the customer responds and interacts with the company 's content. These metrics can be useful when evaluating a company whose stock you want to buy. Every company tackles social media in their own way, some focus their efforts on one social network, while others may go wide on multiple social networks. When comparing two similar companies, such as Panera Bread (NASDAQ: PNRA) and Starbucks (NASDAQ: SBUX), the company 's social media and its base of followers are even more important. With 1,800 locations Panera Bread spent $65.5 million on advertising in 2014 while Starbucks, with 21,366 locations, spent $315.5 million, over 5x what Panera spent. Looking at the Panera Bread Facebook page, we see the company first started on Facebook in 2009 and now has 2,782,567 likes, while Starbucks started on Facebook in 2008 and now has 35,955,833 likes. For metrics I believe the number of visits or check-ins the company has according to its Facebook page can be a strong indicator of a company 's position. According to Facebook, Panera has 5,308,370 people that have been there and checked in, while Starbucks has 24,796,862 people that have been here and checked in, more than Panera. The Facebook metric "People Talking About This" can also be a good indicator of how a company is performing. Looking at

Get Access