IMPACT OF SOCIAL NETWORKING FOR ENTREPRENEURS IN SINGAPORE

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Table of Contents
Introduction 2

Academic and theories’ reviews that consolidate and strengthen service creation by social networking in Singapore. 3

Internet overtakes print in 2015 4

Critically explicate and argue the theoretical contribution that is relevant to social networks in Singapore. 6

Critically review the impact and rationale of using social networks to solve challenges faced by entrepreneurs in Singapore. 7

Critically examine the causes that render social networking not a medium of choice for entrepreneurs. 10

Define the meaning of eight key terms that you have used in this paper. 13

Overall Summary. 15

Reference list 17

Introduction

Social networking involves grouping of individuals in specified groups such as neighborhood subdivisions or small rural communities. It is possible to network in person, especially in places such as universities, workplace, and high schools (Agosto & Abbas 2011, p.68). However, social networking has more online popularity than the universities, high schools and workplaces because the internet has millions of individuals seeking to meet others, in order to share and gather first-hand experiences and information about cooking, gardening, golfing, developing friendships, professional alliances, business to business marketing and finding employment. Social networking websites on the internet, known as social sites facilitate these services (Safco 2012, p.1). They enable users to interact using instant messaging and e-mails. Some of the most popular social networking websites include the American-based Face book, Twitter and Google+; Canada’s Nexopia; Latvia’s Badoo, VKontakle and Bebo. Others include