Building your own Social network is a bold step. However it’s only for employee and employer relations, sort of like a LAN bulletin board from the old days. Will it work? I have my doubts. The idea that employees will log in through a company Facebook page or company page is a non-starter. Why would a company compromise its operations by having employees discuss company issues on a social page?
What’s more companies have their own Enterprise networks and even if you don’t have one, a company can start its own in-house social networking site with a WordPress Theme.
Facebook aims to take on Oracle, which offers Enterprise type social network solutions. However, one must not forget that Oracle solutions are privately held. You don’t surrender any information to an entity like Facebook each time you use it.