1. Avoiding Duplication
An effective business social media network will keep employees from performing duplicate work. By posting updates on their work, an employee keeps their coworkers informed of what they are working on so that those who are considering similar projects know to work on something else.
2. Collaboration
Collaboration among employees is much easier with social media tools for business. With these tools, several employees can work on the same project at the same time, posting updates and sharing ideas instantly.
3. Feedback and Constructive Criticism
Social media in the workplace can be an excellent way to give feedback and constructive criticism to someone else's project. There are always things that a single worker can miss that someone else might pick up on, even though "too many chef's can spoil the broth," as the saying goes. Rather than having to backtrack after the project is completed, changes can be made early by viewing the project updates and commenting on them in real time.
4. Problem Solving
Everyone runs into a problem that they just can't solve every once in a while. With social networking tools for business, an employee can do more than just bang their head on the desk--they can send out a digital cry for help. Instantly, all the best minds in a company can bring their knowledge and experience to bear on the problem at hand, saving one employee's sanity and helping to increase the efficiency of the company in general. In their Corporate Guide for Social Media, Forbes magazine did offer one word of caution about this: "If you respond to a problem, you own it."
5. Supervision
Supervisors love being updated on the status of a project. With frequent tweets, blogs or other social network postings, they can be on top of a project through every phase of it's development.
Social networking is becoming a vital tool for any company to have in their arsenal.
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