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  Published Paper Details:

  Paper Title

"A Study on the Role of Social Media Marketing in Enhancing Entrepreneurial Competitiveness"

  Authors

  Ms. Nilam Goradiya,  Dr. G. D. Giri,  Mr. Hardik Goradiya

  Keywords

Social Media, Platforms, Target

  Abstract


Social media has become an essential tool for entrepreneurs to increase their competitiveness in the modern business environment. This essay examines the various ways that social media marketing helps business owners succeed in competitive marketplaces. This study looks at how social media platforms provide businesses with special chances to interact with their target audience, increase brand awareness, and cultivate client connections through a thorough assessment of the literature. One of the main conclusions is that social media makes it easier for entrepreneurs with less funding to compete with well-established companies by facilitating cost-effective marketing tactics. Entrepreneurs can obtain a competitive advantage by using social media platforms like Facebook, Instagram, and Twitter to reach a worldwide audience and target particular demographics with their marketing campaigns. Additionally, social media analytics offer insightful information about industry trends and consumer behaviour, empowering business owners to make wise choices and modify their plans as necessary. Social media also provides a forum for creativity and cooperation, enabling business owners to ask for feedback, crowdsource ideas, and work with influencers and other companies. Entrepreneurs can improve their competitive position in the market by increasing their brand awareness and credibility through influencer marketing and strategic alliances. The report does, however, also recognize the difficulties that come with social media marketing, including maintaining an online persona, responding to unfavourable comments, and keeping up with algorithm modifications. Social media marketing is an essential tool for modern entrepreneurs aiming for success in an increasingly digital environment, even with these hurdles because the advantages of social media marketing in boosting entrepreneurial competitiveness exceed the disadvantages. The transformative effect of social media marketing on entrepreneurial competitiveness is highlighted in this paper's conclusion, along with the significance of utilising social media platforms to promote engagement, stimulate innovation, and eventually achieve sustainable growth in the fast-paced business climate of today.

  IJCRT's Publication Details

  Unique Identification Number - IJCRTAG02002

  Paper ID - 259019

  Page Number(s) - 10-31

  Pubished in - Volume 12 | Issue 4 | April 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Ms. Nilam Goradiya,  Dr. G. D. Giri,  Mr. Hardik Goradiya,   ""A Study on the Role of Social Media Marketing in Enhancing Entrepreneurial Competitiveness"", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 4, pp.10-31, April 2024, Available at :http://www.ijcrt.org/papers/IJCRTAG02002.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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