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Economic Analysis: Theory and Practice
 

Optimizing a social media marketing strategy as a means to maximize the effectiveness criteria of the company's advertising process

Vol. 20, Iss. 2, FEBRUARY 2021

Received: 30 July 2020

Received in revised form: 28 November 2020

Accepted: 25 December 2020

Available online: 26 February 2021

Subject Heading: BUSINESS PERFORMANCE

JEL Classification: D7, D8

Pages: 345–356

https://doi.org/10.24891/ea.20.2.345

Yanina Yu. SOKOLENKO Yana–Znaet Marketing Agency, Yessentuki, Stavropol Krai, Russian Federation
yanaznaet.smm@yandex.ru

ORCID id: not available

Subject. For any company, building a strong social media presence is mandatory due to the increasing competition in the modern world. It is possible to win the main target audience and optimize the company's marketing and PR activities through a social media marketing (SMM) strategy.
Objectives. I focus on performing a comprehensive study of the problem of SMM strategy optimization as a means to maximize enterprises’ performance criteria, developing qualitatively new recommendations to streamline the company's SMM strategy, which will help improve economic performance and image.
Methods. The study draws on the logical analysis, induction and deduction, comparison and generalization.
Results. As part of the comprehensive study, the paper presents the concept and the process of developing the SMM strategy. It identifies the place of SMM strategy in the overall strategy, the main steps and errors in its creation. It also includes an improved algorithm for staged development of SMM strategy in recommendations for streamlining the process.
Conclusions. Continuity and constant modification are fundamental characteristics of any social media marketing strategy.

Keywords: social media marketing, SMM promotion, SMM strategy, social networks, target audience, optimization

References:

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  3. Umanskaya M.V., Petrov S.V. [SMM as an element of enterprise development strategy]. Mezhdunarodnyi zhurnal gumanitarnykh i estestvennykh nauk = International Journal of Humanities and Natural Sciences, 2018, no. 6-2, pp. 104–106. URL: Link (In Russ.)
  4. Stepnova O.V., Eremenskaya L.I. et al. [Practical aspect of SMM-strategy]. Izvestiya Moskovskogo gosudarstvennogo tekhnicheskogo universiteta MAMI = Izvestiya MGTU "MAMI", 2014, no. 2, pp. 35–38. URL: Link (In Russ.)
  5. Sadovnikova I.V. [Theoretical aspects of SMM-strategy design for promotion in social networks]. Ekonomika i biznes: teoriya i praktika = Economy and Business: Theory and Practice, 2019, no. 11-3, pp. 13–16. URL: Link (In Russ.)

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