Someone Else's Term Project

I am commenting on Jennifer Wong’s presentation about ‘The Practice of Gold Farming in Online Games’. Her presentation showed how gold farming has become a big business online and the negative and positive impact it has on individuals. She outlined that players in third-world countries are employed by entrepreneurs to collect as much gold as possible in the games, which are then sold to players around the world. The business of gold farming has under aged individuals employed and most of them drop out of school and leave their family in order to work extended hours to collect the gold. This is all to the advantage of the entrepreneurs who are gaining the income from this.

I must say that this was a really good presentation and topic because it gave me a new insight into online gaming. Also, the issue of child labor, enslavement and human trafficking were all highlighted in this presentation. Gold farming has more negative than positive impacts on individuals.

Our Class Wiki - So Far

I have taken on the job of being an editor for the wiki and so far I have been working on new media and health care. Also I’ve been editing the social networking in business section since I did research on that topic for my presentation. I was able to find information about the advantages and dis-advantages of social networking in business and the impact it will have on everyone in the future.
Hopefully all goes well with my ambitions for the class wiki, it has definitely been a bit tedious but I have learned a lot about using the application.

Presentation Summary

Social Networking in Business:
Better or Worse than the Real Thing?

It is important to have a network of individuals or clients in order to get ahead in any business today. Social Networking has created a platform which helps to bring professionals together for such a purpose. Like any other forms of communication in business, social networking has its advantages and disadvantages. I was able to examine the positive as well as negative attributes of social networking compared with the idea of meeting in person.

There are Advantages and Disadvantages of Social Networking in Business
Advantages Disadvantages
- Low overhead - Time Consuming for Managers

- Viral Marketing - Mix of Business and Personal

- Building Social Capital - No interpersonal Relationship

So, is it better or worse….I dare say that it is better than the real thing because most of your possible clients are going to be online anyway and this form of new media has being growing rapidly over the last few years. It is a good way to reach customers and build your reputation as a company.