Scenario analysis of different social media platforms for consumer decision making process

As social media is ubiquitous, its usage is growing rapidly. Social media has impacted the decision-making process of consumers. This research aims to do a scenario analysis of six social media platforms based on consumers' preferences. It presents the consumers preferences during different stages of decision-making process. The selected platforms are Facebook, Twitter, LinkedIn, YouTube, Company Portal and Consumer Opinion Forums. These platforms are selected on the basis of their ranking on Alexa.com site. The study used datafrom 250 social media users of Delhi and responses are evaluated using descriptive statistics. The results depicted that consumers perceive different social media platform with different perspective and use different social media platforms for each stage of consumer decision making.