Corporate Marketing Strategy Using Social Media: A Case Study of the Ritz-Carlton Seoul
Journal of Asian Finance, Economics and Business, Vol. 4, No. 1, pp. 79-86, 2017; ISSN: 2288-4637. DOI/10.13106/jafeb.2017.vol4.no1.79
8 Pages Posted: 20 Dec 2017
Date Written: February 28, 2017
With the increasing trend of popularity of websites and social networking sites, it is quite evident that companies need to take cautionary measures in protecting the reputations with respect to company and brands. In this process, every company should indulge in enhancing their company and brand image through websites and social networking sites that fortify the bonding nature among them. The always-on nature of websites and social networking sites has contributed to their phenomenal marketing power and altered the balance of power between consumers and firms. Websites and social networks are used by hundreds of millions of people to communicate about a huge range of topics, including personal interests, activities, social events and even public issues. The paper explores a case study of the Ritz-Carlton hotel for their marketing strategy and organizational use of their website and social media in communicating with their customers. Even for the normal luxury traveler who would not have previously used the Internet to research a hotel or make a reservation, ritzcarlton.com is making it possible for them to do so in a sense of the luxury and typical Ritz-Carlton style. It seems to be a staple of the company for years to come.
Keywords: Social Networking Sites, Websites, Online Marketing, Marketing Promotion, Ritz-Carlton Hotel
JEL Classification: L83, M15, M31
Suggested Citation: Suggested Citation