Essay on Managing the Workplace Ethics of Social Media

Social media applications on the internet have skyrocketed in the area of interests for all ages of employees in the work force. As fast as these applications are gaining popularity, so are they changing the way employers are looking at their employees and their companies in general. There are so many benefits that social media has brought to the cooperate world, but with this each company is becoming increasingly more aware of the risks that are involved with using it. Misuse of company resources, conflicts of interest, and criticism of others are just a few. This is a challenging topic, because there is so much corss-over on many ethical and compliance issues. Like any other ethics and compliance topic, social media can and must be†¦show more content†¦Some of these risks include breach of confidentiality, conflicts of interest, misuse of company resources. It can really touch on so many levels of the company’s operations, its leadership needs to address social med ia in context to its overall business operations. Social media cannot be addressed successfully as a standalone matter. A company that is lacking an initiative to effectively identify, access and manage its approach to social media, and its tools, will not only loose the many opportunities social media provides, but will face many risks that will most likely damage the business. Assessing social media’s potential impact on the corporate world raises a need to understand all the many tools and forms that it possesses. According to one of the most productive social media sites, Wikipedia, the most prevailing uses of social media are communication, such as blogs, micro-blogs, social net-working and events, collaboration, such as wikis, social news, bookmarking, and tagging, multi-media, such as video, photography, music or audio sharing, presentations, and live casting, and entertainment, such as media platforms, virtual worlds and game sharing. Company management is predominately familiar with applications like Facebook, Twitter, LinkedIn, YouTube, and Tumblr, but should now be learning more about the upcoming applications like Open Diary, BigTent, Wetpaint, Vimeo, and MouthShut.co. 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