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Overview of Electronic Commerce and Social Commerce Read chapter Read first chapter

2017 | OriginalPaper | Chapter

7. Social Commerce: Foundations, Social Marketing, and Advertising

Authors : Efraim Turban, Judy Whiteside, David King, Jon Outland

Published in: Introduction to Electronic Commerce and Social Commerce

Publisher: Springer International Publishing

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Abstract

Upon completion of this chapter, you will be able to:
1.
Define social commerce and describe its roots and evolution.
 
2.
Describe the scope, drivers, and content of the social commerce field.
 
3.
Summarize the benefits and limitations of social commerce.
 
4.
Describe the major models of social shopping.
 
5.
Explain how advertising and promotions are conducted in social networking environments.
 
6.
Describe how social networking can facilitate customer service, customer support, and CRM.
 

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previous chapter Mobile Commerce and the Internet of Things
next chapter Social Enterprise and Other Social Commerce Topics
Appendix
Available only for authorised users
Glossary
Communal shopping (collaborative shopping) 
A method of shopping where shoppers enlist friends and other people they trust to advise them on what products to shop for.
Customer relationship management (CRM) 
A customer service approach that focuses on building long-term and sustainable customer relationships that adds value for both the customers and the merchants.
Enterprise 2.0 
“The use of social software platforms within companies, or between companies and their partners or customers.” McAfee (2009).
Geosocial networking 
Social networking with location awareness capabilities. This enables social networks to connect users with local businesses, people, or events.
Social business 
“A business that embraces networks of people to create business value” (IBM 2011).
Social commerce (SC) 
E-commerce transactions delivered via social media.
Social customers 
Customers who usually are members in social networks, do social shopping, and understand their shopper’s rights and how to use them to their advantage.
Social customer relationship management (SCRM, CRM 2.0) 
The delivery of CRM by using social media tools and platforms.
Social marketplace 
A marketplace that uses social media tools and platforms and acts as an online intermediary between buyers and sellers.
Social media marketing (SMM) 
The application of marketing communication and other marketing tools using social media.
Social shopping (sales 2.0) 
Online shopping with social media tools and platforms. It is about sharing shopping experiences with friends. Social shopping is the combination of social media and e-commerce.
Viral blogging 
Viral marketing done by bloggers.
Viral marketing 
Word-of-mouth (WOM) method by which people tell others (frequently their friends) about a product they like (or dislike).
Viral video 
Any video that is forwarded from a person to others, sometimes with a recommendation to watch it.
Virtual economy 
An emerging economy existing in several virtual worlds, where people exchange virtual goods frequently related to an Internet game or to a virtual business.
Virtual goods 
Computer images of real or imaginary goods.
Literature
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Metadata
Title
Social Commerce: Foundations, Social Marketing, and Advertising
Authors
Efraim Turban
Judy Whiteside
David King
Jon Outland
Copyright Year
2017
Book
Introduction to Electronic Commerce and Social Commerce

Print ISBN: 978-3-319-50090-4

Electronic ISBN: 978-3-319-50091-1

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-50091-1_7