Today, the need for innovation is an integral part for companies in all industries. Developing innovative ideas and implementing them in everyday practice is seen as a core competency for long-term market positioning and economic growth (Fagerberg, 2005).
Read moreSocial Media - Big Headache or Sea of Opportunities ?
Brands that are active on social media are faced with numerous challenges. Amongst them is the cultural shift that is required from the management to successfully run social media platforms. It is no longer about making profit or pushing the message into the consumer but rather about being an active listener and knowing when to join the conversation and to respond (Fournier, Avery, 2011). It is about being there for the consumers, staying relevant and being creative.
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