Category: Mark Zuckerberg

Mark Zuckerberg: Entrepreneur And Philanthropist

Mark Elliot Zuckerberg was born on May 14 of 1984 in White Plains, New York to Edward Zuckerberg and Karen Kempner. His family lived in Dobbs Ferry, where his father worked as a dentist, and his mother as a phyciatrist. Zuckerberg was always interested in coding, computers, video games, and Star Wars, and excelled in his studies. By the time he applied to Harvard, he was fluent in ancient Greek, Hebrew, Latin, and French. Zuckerberg devoted his life to building social media, shaping modern cyber security, and improving the world around him with his profits.

When Zuckerberg was 12, he used Atari BASIC, a coding language, to create a messaging program for his father’s dental clinic, appropriately named “Zucknet”. Before, the clinic had been yelling appointment dates and other vital information back and forth, but with Zucknet, they could efficiently communicate precise dates and keep records. This was his first major creation and would help him greatly when he eventually created Facebook Messenger. As his skills improved his tutor, David Newman, said “It was hard to stay ahead of the prodigy.” Later that year, he started taking graduate classes at Mercy College, where he would create an early version of Pandora, which he called “Synapse.” During his sophomore year at Harvard, he created his piece de resistance; Facebook. Beginning as a chat site for college students run out of his dorm room, it would explode to over a million users that year. Dropping out of college to pursue Facebook full time, he began developing and growing the platform (ReDahlia).

In 2012, Facebook hit 1 billion users; to celebrate, Zuckerberg bought Instagram for 1 billion dollars (“Facebook Buys Instagram”). By joining with their primary rival, facebook could offer a more complete experience for users of both platforms. Two years later, Zuckerberg bought Oculus, the largest VR (Virtual Reality) company, and Whatsapp, a messaging and calling service with millions of users. These purchases highlight Facebook’s business plan of having as many diverse cash flows as possible (Yarow, ReDahlia).

Unfortunately, Zuckerberg’s social media empire led to issues regarding fake news and other scandals, just like any other platform allowing free speech. The business model Facebook, and many other websites, rely on consists of selling ad space to advertisers to support the platform. During the 2016 elections Cambridge Analytica, and a few other firms used data from 87 million users to create targeted advertising and influence voters. Following this, as demanded by the US and international officials, Facebook led the industry by refining their security measures and setting new standards for advertising. A further tragedy occured in 2018 when Facebook was used to spread hate speech in Myanmar towards muslims, leading to a genocide. As a response Facebook added new filters and consequences for hate speech and extremist content, banning hundreds of accounts (Leskin).

As Facebook has made hundreds of billions, Zuckerberg has consistently used his wealth to help others. In 2010, the same year he was recognized as The New York Time’s person of the year, he donated 100 million to Newark Public Schools in order to end the fight between the school district and teachers. In 2013, he and his wife started the Chan-Zuckerberg Initiative (CZI), whose goals are to invest in lobbying, charities, and influencing public policy. Coupling his tech background with his philanthropy, CZI donated 20 million to EducationSuperHighway, a nonprofit organization that facilitates improvements in internet for k-12 schools nation-wide. Also in 2015, CZI donated 75 million dollars to San Francisco General Hospital’s trauma center. Their large gift allowed the hospital to build a whole new wing for people with severe trauma. In honor of their gift, the hospital was renamed The Priscilla and Mark Zuckerberg General Hospital. Since then, their donations to CZI have totaled nearly two billion dollars worth of stock. As of 2019, they had reached the top 50 Philanthropists list five times, having donated 3.7 billion dollars in total. Zuckerberg, along with Bill Gates and Warren Buffet, took The Giving Pledge, a vow to donate 90% or more of your money to charity (“Mark Zuckerberg”).

Mark Zuckerberg should get more recognition for his vast and impactful work rather than his mistakes. His role in creating and developing a large amount of social media was absolutely vital to most of modern society. Without him, social media, communication, relationships, daily life, and entertainment, would all be vastly different and less effective. Simply typing his last name into google shows how successful and impactful he was. As his wife Precilla put it “I think it’s a shame people don’t see the funny, thoughtful Mark that I know. He is incredibly sensitive and really cares about what others need and want.”

Mark Zuckerberg: Life And Success

“By giving people the power to share, we’re making the world more transparent.”

INTRODUCTION

Mark Zuckerberg is the originator, executive and CEO of Facebook .Here’s the means by which he constructed the incomprehensibly effective web based life business.

Early Life and Education

Zuckerberg was conceived on May 14, 1984 in White Plains, New York, and was brought up in close-by Dobbs Ferry. He was naturally introduced to an accomplished family and built up an enthusiasm for PC programming at an early age.

At 12 years old, Zuckerberg made an informing project named Zucknet that he actualized as an official correspondence framework for his dad’s dental practice. Because of his initial indications of achievement, his folks got him a PC programming mentor while he was still in secondary school, and they enlisted him in a private academy in New Hampshire. In the wake of moving on from private academy, Zuckerberg tried out Harvard University.

Success Story

While various shrewd people go to Harvard University, Mark Zuckerberg twisted up alluded to quickly as the go-to PC programming engineer on grounds. By his sophomore year, he had adequately created two tasks: CourseMatch and FaceMash. The two tasks ended up being savagely unmistakable, yet the school shut down the last program after it was regarded to be ill-advised.

In light of his commendation on grounds, Zuckerberg joined together with friends to make a long range relational correspondence site that empowered Harvard understudies to interface with each other. The site officially went live in June 2004 under the name ‘The Facebook,’ and Zuckerberg ran it out of his condo.

After his sophomore year, Zuckerberg dropped out of school to look for after what was then called Facebook full-time. The site touched base at 1 million customers before the completion of 2004.

This impact of customer advancement pulled in the thought of numerous speculation (VC)firms, and Zuckerberg over the long haul moved out to Silicon Valley in 2005. Facebook got its at first round of financing adventures from VC firm Accel Partners, which put $12.7 million in the site that was still simply open to Ivy League understudies.

Prior to the completion of 2005, in any case, Facebook had opened up to understudies going to various schools, causing the site to touch base at 5.5 million customers. Since 2005, Facebook has gotten different acquiring offers from any similarity to Yahoo and Microsoft, has encountered battles in court, and has unfathomably extended the its customers.

On July 25, 2018, Facebook released Q2 benefit. The association reported that consistently unique customers found the center estimation of 1.47 billion for June 2018, a development of 11% year-over-year. Month to month dynamic customers totaled 2.23 billion as of June 30, 2018, a development of 11% year-over-year. Beginning at July 30, 2018, the association has a market top of $483 billion. Zuckerberg has 14.18 million Class A Facebook shares in a movement of advantages, beginning at July 25, 2018. He in like manner claims 441.6 million Class B shares. With control of over practically 89% of Class B shares, Zuckerberg holds 60% of throwing a vote rights in the association.

Net Worth & Current Influence

As indicated by Forbes, Mark Zuckerberg has a total assets of $63.5 billion starting at July 30, 2018. With regards to impact, Zuckerberg has marked the Giving Pledge, which means he will give at any rate half of his total assets to charitable causes before he bites the dust. In 2010, for instance, he gave more than $100 million to spare the Newark educational system in New Jersey.

At the point when his little girl Max was conceived, Zuckerberg and his better half Priscilla Chan wrote an open letter wherein the vow to give away 99% of their total assets during lifetime. Be that as it may, many have reprimanded the strategy by which Zuckerberg is giving his fortune. The magnanimous establishment Zuckerberg and Chan have set up is a constrained risk company, not a beneficent trust. This choice enables the two to do things that magnanimous trusts are not permitted to do, which thusly could make the establishment progressively compelling, however it may likewise profit their family in excess of a conventional trust.

Companies can make revenue driven speculations and political gifts. In contrast to altruistic trusts, partnerships are not required to report their political gifts.

In April 2018, Zuckerberg affirmed before Congress after it was uncovered that the organization had imparted clients’ information to the political counseling firm Cambridge Analytica. Forbes has credited the speedy drop of Facebook’s stock value following the organization’s July cautioning to financial specialists of easing back development and overall revenues to the developing effect of the fight among benefit and security, refering to the Cambridge Analytica story and Facebook’s developing failure to shield clients from unsafe abuse and falsehood.

ACCOMPLISHMENTS

The Beginning of the Donations

Zuckerberg’s magnanimous gifts depend on his promise to give 99 percent of his riches to foundations through a mind-blowing span. He promised himself to this by marking the Giving Pledge. The Giving Pledge is a responsibility by the world’s wealthiest people to commit most of their riches into philanthropies and for good purposes. Inside this vow, Zuckerberg additionally needs to advance uniformity and advance the human potential for who and what is to come.

In September 2016, Mark and his significant other Priscilla Chan sold $95 million in Facebook stocks so they could give the returns to philanthropy. They intend to offer the stocks in the sum to in any event $1 billion every year. Up until this point, Zuckerberg has given $45 billion to beneficent purposes. He and his better half initially promised to offer gifts to philanthropy by composing an open letter to their little girl who was conceived in late 2015. The introduction of their girl propelled them to change the world and condition and make it a superior spot for their little girl to live in.

The Chan Zuckerberg Initiative

Zuckerberg’s altruistic gifts likewise incorporate the joint work with his better half, Doctor Priscilla Chan, in making and working in their own association called the Chan Zuckerberg Initiative. This association intends to make training change, biomedical headways, migration change and lodging moderateness. Furthermore, it centers around improving the instruction framework, worldwide improvement, wellbeing and criminal equity frameworks arrangement.

All cash that is given and raised to this association goes into helping these worldwide issues. Zuckerberg’s objective through this activity is to concentrate on zones of individual picking up, restoring infection, associating individuals and building solid networks. Through the Chan Zuckerberg Initiative, Mark Zuckerberg and spouse promised to give $3 billion throughout 10 years.

Donations Toward Education

In 2010, Zuckerberg and his significant other gave $100 million to improve the government funded schools in Newmark. Absence of training is one of the main sources of destitution, and Zuckerberg and his significant other’s gifts in help of this issue help youngsters get the correct instruction they should be fruitful throughout everyday life. By getting a tyke the best possible necessities they need in training generally gives them a superior instruction. On the off chance that a tyke is falling behind in first grade and, at that point proceeds onward to third grade is as yet falling behind they will probably remain behind later on due to not having the correct necessities for their work.

Donations in Africa and India

Zuckerberg’s altruistic gifts additionally incorporate giving $25 million towards a start-up that trains African engineers just as giving $50 million that makes an application intended to be a learning device in India to enable less lucky increase to access to instruction for a superior future. Zuckerberg is a major backer of learning and training.

So, he has given $30 million with his association the Chan Zuckerberg Initiative to help children figure out how to peruse by innovation. Zuckerberg utilizes innovation to tailor the learning materials with children’s interests, capacities and pace of work. Zuckerberg propelled ‘Arrive at Every Reader’, a five-year activity to fabricate an electronic screening apparatus that is utilized to analyze perusing issues before children can even peruse. This program is based at home just as in schools to customize proficiency backing or children, instructors and guardians.

Imprint Zuckerberg utilizes his popularity and fortune to help individuals in need everywhere throughout the world. He has collaborated with his significant other Doctor Priscilla Chan to make the Chan Zuckerberg Initiative. Imprint Zuckerberg’s altruistic gifts’ general objectives are to concentrate on regions in everywhere throughout the world to create positive effects in spots of incredible need.

QUALITIES

SKILLS OF SUCCESS OF MARK ZUCKERBERG

1. Equanimity. This is an extravagant method for saying that Zuckerberg doesn’t lose his cool when he’s experiencing strain or in an unpleasant circumstance. Rather, he smoothly methodologies even the most troublesome circumstances since indignation doesn’t breed achievement – it just serves to estrange or give the feeling that somebody feels they don’t have authority over a circumstance. Building up this poise has improved my associations with representatives and partners while giving an approach to contemplate the basic issue or weights before me.
2. Critical thinking. Zuckerberg has noticed his enthusiasm for continually going further with an issue or thought so as to truly have any kind of effect, be troublesome and boost the worth. As he once stated, ‘I got my first PC in the sixth grade or somewhere in the vicinity. When I got it, I was keen on discovering how it functioned and how the projects functioned and afterward making sense of how to compose programs at simply more profound and more profound levels inside the framework.’ I could see that achievement just originates from setting aside the effort to think more basically as opposed to simply tolerating the main thought that rings a bell.
3. Problem solving. Zuckerberg has constantly centered around taking care of issues. As he noted in an account about him, ‘The inquiry I pose to myself like pretty much consistently is, ‘Am I doing the most significant thing I could be doing?’ Unless I sense that I’m dealing with the most significant issue that I can help with, at that point I’m not going to like how I’m investing my energy.’ I realized that, at the core of each business I considered making, there must be a pertinent issue that required settling to support a purchaser or a business.
4. Effective communication. While numerous pioneers leave representative correspondence to others in the group, Zuckerberg has constantly taken on this job himself. In making an organization that builds correspondence and communication between individuals, it bodes well that he would likewise adopt this strategy with his workers. A large number of the individuals who have worked at Facebook note how he is continually strolling near, conversing with everybody, posing inquiries and becoming more acquainted with them by and by. When I attempted this for myself, I understood the amount all the more ready my colleagues were to share what was happening, how they felt, and voice any thoughts they had for making changes. Keeping open correspondence with your group assembles trust as well as assistance you be an increasingly compelling pioneer.
5. Assertiveness. Zuckerberg isn’t keen on following or getting things done on other individuals’ terms. As he noted in a Wired Magazine meet, ‘Here and there we will do stuff that is dubious, and we’re going to commit errors. We must be happy to go out on a limb.’ It’s this demeanor that demonstrates how an item, administration, organization and brand can make progress in totally changing an industry. Achievement doesn’t originate from stressing over how something will function; rather, you simply need to hop in and do it.
6. Mindfulness: Zuckerberg doesn’t give his commentators a chance to get to him. I discovered that the capacity to disregard the commotion around me has helped me to utilize the vitality I would have squandered on stressing over what others thought of me. I use it to fuel inventiveness, development and activities that have assisted my business achievement. Adopting a careful strategy to what you need to achieve – and shutting out the rest – is basic.
7. Vision. Lately, Zuckerberg has turned out to be progressively engaged with forming the worldwide business scene, delineating that he is something beyond a ‘one-hit wonder.’ His ongoing location at the United Nations noticed the need to extend Internet access to creating countries, representing his enthusiasm for the eventual fate of human rights and social issues. Zuckerberg has additionally met with nation pioneers as a major aspect of his vision for molding who and what is to come and helping tackle different worldwide social issues. I esteem his administration style and support those working in innovation to stick to this same pattern in taking on a greater job in certifiable issues, instead of depending on government officials to do it for us.

REFLECTIONS

1. He has a vision

His vision was that of an increasingly open and associated world. What’s more, all through the development of Facebook, he has adhered to his vision of an item that offers esteem while interfacing individuals and building a world with more compassion.

Directly from the earliest starting point, the economical living Zuckerberg was never in it for the cash. He had a bigger vision and not just idea in front of where he needed to take Facebook, however propelled himself and his group to put all their imagination into their work.

2. He goes beyond his comfort zone

To be a decent pioneer, to end up in a good place, you should be eager to go more distant than others have and do things others won’t. He worked his rear end off, did things he was awkward with (like heading out crosswise over landmasses to address spectators about his vision) and did what must be done to manufacture his organization.

3. He is willing to make mistakes

From the security disaster to the newsfeed, Zuckerberg was eager to go out on a limb, and frequently needed to backtrack on changes that did not work. Yet, that did not hose his craving for advancement and some portion of Facebook’s way of thinking is to develop, so we can securely accept that he will keep on doing things that don’t generally go down well with a portion of its clients.

4. He is willing to face criticism

While numerous youngsters would have shriveled notwithstanding the exceptionally open analysis, including having a fairly unflattering motion picture made about him (The Social Network), he took it like a champ, notwithstanding taking the staff for a screening of the motion picture.

5. He adapts to situations quickly

When he confronted developing analysis over security charges, Zuckerberg folded under to popular assessment, giving clients more command over their protection. He adapted rapidly how much client experience made a difference and adjusted his choices to be progressively comprehensive of them.

6. He doesn’t need to control everything

A great deal of advancement at Facebook occurs with the communication of the clients, as in the interpretation application, which occurred without Zuckerberg’s immediate impact. He realizes when to direct approach and when to surrender control. That is the thing that has made Facebook a system made to some degree with the assistance of client connection.

7. He builds the right relationships

From somebody who had couple of companions (as depicted in The Social Network), to fraternizing with any semblance of Peter Thiel (Paypal) and Sean Parker (Napster), Zuckerberg has, from the begin, assembled associations and associations with the fat cats of Silicon Valley. In the event that you accept that you are the aggregate of the individuals you are nearest to, at that point Mark Zuckerberg is positively in generally excellent organization.

REFERENCES

1. Investopedia. (2019). Mark Zuckerberg Success Story: Net Worth, Education and Influence. [online] Available at: https://www.investopedia.com/articles/personal-finance/081315/mark-zuckerberg-success-story-net-worth-education-top-quotes.asp [Accessed 10 Aug. 2019].
2. Thelwell, K. (2019). Mark Zuckerberg’s Charitable Donations | The Borgen Project. [online] The Borgen Project. Available at: https://borgenproject.org/mark-zuckerbergs-charitable-donations/ [Accessed 10 Aug. 2019].
3. BusinessCollective. (2019). 7 Life Skills We Can Learn From Mark Zuckerberg | BusinessCollective. [online] Available at: https://businesscollective.com/7-life-skills-we-can-learn-from-mark-zuckerberg/index.html [Accessed 10 Aug. 2019].
4. Shah, P. (2019). 7 Qualities That Make Mark Zuckerberg An Ace CEO – Social Media Tips from Blog Brandz. [online] Social Media Tips from Blog Brandz. Available at: https://www.blogbrandz.com/tips/qualities-mark-zuckerberg-ace-ceo/ [Accessed 10 Aug. 2019].

Mark Zuckerberg: Leadership Style, Behavioral And Trait Approach

The success of an organization mostly counts on the leadership capacities of its managers. Feeling relaxed and comfortable in a position of leadership and having authority are two of the requirements for developing great leadership skills. Some personality characteristics that create a great manager are the flexibility, motivation and good communication. (“The ten most important leadership qualities”, n.d.)

One of the most critical factor is the behavior approach of the leader towards his/her subordinates. Boosting the moral and building up confidence of the team members is a crucial element which is born from the good behavior of a leader. Otherwise, the lack of good behavior will eliminate the leader. (Sinha, 2015)

The Path – Goal Theory, which is based on clarifying a leader’s behavior and style that best fits the work climate, has the objective to develop employees’ satisfaction and motivation so that the productivity increases. “The path-goal theory can best be thought of as a process in which leaders select specific behaviors that are best suited to the employees’ needs and the working environment so that they may best guide the employees through their path in the obtainment of their daily work activities.” (“Path-Goal Leadership Theory”, n.d.)

Mark Zuckerberg is the Chief Executive Officer of Facebook, the most popular social network worldwide (“Global Social Media Ranking”, 2019). He is a great example for all the young entrepreneurs because he achieved his goal in a short period of time; he became billionaire at a young age.

His personality type of entrepreneur is an INTJ personality (Introversion, Intuition, Thinking and Judgment). Due to his type of personality, he has a vision and he proceeds to work on the direction to develop it and reach his goal. Being an introvert, he communicates very little during presentations to investors. Keeping up a structure, schedule and controlling the essential resources to achieve what he longs for, is one of the habits that he has. Zuckerberg has a notebook which consists of all ideas and concepts for the future path of Facebook, which he calls “The Book of Change”. What makes him a proper INJT type of person is not being bothered about his appearance and his indifference of getting in tune with the latest fashion. Mark Zuckerberg was never afraid to take risks (which is an important trait), but also knows that building a big successful company requires a great team, because doing everything by himself is not possible (confidence in his team). He is also social responsible, as we can deduce from what Smita Bhardwaj said on her article for “Business Alligators” (2017): “Mark Zuckerberg wants the world to be a better place and for this, he has donated $992 million to the Silicon Valley Community Foundation in 2013, $75 million to the San Francisco General Hospital in 2014 and has pledged to donate $3 billion for the scientific research for the cure and prevention of diseases. He has donated $100 million to save the failing systems in Newark Public Schools in New Jersey and has signed the ‘Giving Pledge’ with a promise to donate 50% of his wealth to charity.” On the other hand, a personality trait that helped him and his team to create more stuff and learn quicker is moving fast. He follows the feedback approach which is crucial in the development of the organization. (Bhardwaj, 2017).

Mark Zuckerberg is characterized more as a democratic leader and focuses more on group relationships and on the sensitivity to his people. The members are highly stimulated to share individual opinions and their unique ideas. Based on creativity and innovation, his leadership style gives better job satisfaction and higher capacity of productivity. On the other hand, he is characterized to be encouraging and aggressive too. He seeks for constant innovation and growth which makes him love debates and challenges. (Chris, 2015)

An interesting fact about Zuckerberg is that he also pushes his staff to the limits, by making them work harder and faster under a lot of pressure to deliver produces more than what is already set. With this in mind, it is easy to observe that it can be stressful, but actually very helpful because his employees “are seeing their output way more than what he demanded.” (Chris, 2015). He is always open to ideas and suggestions from his subordinates, which leads to the improvement of his concept. As Jospeh Chris said in his article, the CEO of Facebook is also known “for not providing appreciation vocally to his people”.

In fact, he aims his attention both on group maintenance and task – performance.

The five P’s factors of success that Zuckerberg uses are: purpose, passion, people, product and partnership. Purpose means to identify the desire and have a significant movement to realize a great product. Passion means “something, about which you know most of the things and tend to know more and more.” (Mishra, 2018). People means creating a strong team that is able to reach the goals that are set. Product means more that only a product; it means to develop innovative products which change everything. As well, partnership means to build powerful partnerships with people who are filled with admirable imagination.

Mark Zuckerberg is an effective leader, certainly. When something does not go well, he deals with certain circumstances in a creative way. An important and meaningful strategic leadership that he has is that he feels and knows when to stop and say no, and when to let go. Working hard on fixing his faults and trying to learn from them is a crucial strength of Mark. (Chris, 2015). So, what also make Mark Zuckerberg an effective leader are the leadership styles. These are the skills of communication, interpersonal skills, problem solving skills, the vision and last but not least, the passion which without it, no one can perform in a way that he does. (Shegani-Hamzallari, 2016).

From the beginning, Mark Zuckerberg set up a free and open communication with his staff. Possessing and establishing an open communication with the persons that he hires makes him a valuable and effective leader. Over time, many employees of him revealed that he always talk with everyone, walks around, asks and tries to know them personally. Also, Zuckerberg is characterized by being the people’s people who allows his employees to openly perform their interests. He gave the opportunity to take risks and allows employees to work and develop the projects they are interested in. These interpersonal skills are really powerful. Another skill of Zuckerberg that makes him a successful leader is the problem solving skill. What made Facebook the most successful company was his focus on innovation and solving problems. On the other hand, “Zuckerberg has always been involved in philanthropic work with his wife Priscilla Chan they created the Chan Zuckerberg initiative. The initiative aims to develop new technology that can drive science forward.” (Shegani-Hamzallari, 2016). At the end, the passion that he owns about what he does and being absorbed by connecting people and working with computers made him a wealthy and strong leader. (Shegani-Hamzallari, 2016)

Thus, what differentiate Zuckerberg from other leaders is the powerful relationship he assembles with his staff and partners. What makes a wealthy company is also the potential of partnering with the right investors who have similar ideas and complete them, and a strong management team, as well. (Shegani-Hamzallari, 2016)

Mark Zuckerberg could have been improved his communication with investors. Due to his introverted style he communicates little during presentations with the investors. According to the article of Patrick Hull posted for Forbes, there are three strategies that can help developing this area, which are: having written monthly reports (as formal communication devices), monthly conference call updates and in-person quarterly or annual meetings. The first strategy is useful because it cannot go in a wrong way. The monthly reports that involve P&L information are a good source to inform the investors about the current position of the company and also where funds are being divided among. The second strategy shows commitment and willingness to face any tough and tricky question from investors. This approach adds a personal touch to the action. Also, by beginning a conversation with investors is helpful for brainstorming ideas and it is easier to share advices and the ideas than on email. The last strategy is the most useful and effective one. Providing time to share knowledge and advises to investors is really important. The opportunity of face-to-face meetings make possible for the investors to see where the improvements can be made, and they also can see the operational side of the company. (Hull, 2013)

In conclusion, the leadership style, the behavioral approach and the trait approach are some really crucial concepts to take into account when leading a team and managing a successful company. Mark Zuckerberg, the CEO of Facebook is an effective leader due to his characteristics. He has a vision and proceeds to work on the direction of the direction to reach the goals. He is also creative and innovative, he is never afraid to risk, he is social responsible, he has an open communication with his staff and he focuses on group relationships and sensitivity to his people. At the end, he has a lot of passion about what he does, which is the most important because without it, he could not develop himself as a person and obviously he could not improve his organization at a high level. I believe that he is a great example to follow for all the entrepreneurs and leaders.

‘The Social Network’ and Mark Zuckerberg’s Success Story

Upon the release of the American biographical drama film ‘The Social Network’, it received universal praise, making it one of the best films created in 2010. The film follows the real-life story of Mark Zuckerberg and the uprise of his global social networking platform, dwelling on themes such as friendship, power, class and more. While the film discusses the sudden popularity of Facebook and the consequences that followed, it is important to explore the embedded concepts of innovation and technological entrepreneurship.

Facebook currently has more than two billion monthly active users, making it the biggest social network worldwide, however the platform has been through considerable evolution to reach today’s success. The idea of Facebook was first born after Zuckerberg invented ‘FaceMash’, which allowed Harvard students to compare fellow female classmates on the basis of their appearance. While FaceMash was short-lived and received widespread criticism, it was crucial for the development of Facebook as it provided the social networking platform with its basic foundation. Though Harvard at the time already had online directories which displayed students’ profiles along with some of their basic information, the school lacked a site that connected students across all faculties and colleges. This propped Zuckerberg to develop and create what was then named ‘TheFacebook.com’. The site’s first launch proved to be a success, showing Zuckerberg that a strong user demand existed, validating his belief that an online community was desirable. This led the platform to expand outside of Harvard, reaching various schools including Yale and Stanford, and later on into the international market. Through time, Facebook has evolved into something more than just a site with user profiles, but a platform that allowed users to have self-expression, find community worldwide, watch videos customized to their tastes, and even buy and trade items with other users nearby. Facebook completely changed the way people kept in touch, the way both global and local media is circulated, and how businesses interacted with consumers, driving a lasting impact in the media environment.

That being said, while Zuckerberg’s concept of Facebook was highly successful, allowing him to turn it into a profitable business organization, not all creative ideas lead to the same results. To transition from a mere idea into a business opportunity, ‘The Social Network’ has identified various pivotal steps Zuckerberg took throughout the development of his platform. Zuckerberg was first able to quickly identify the problem his peers faced, that there was a lack of community and inconvenience to network in the virtual world. Hence, by developing Facebook, he has created a solution to many, suggesting a potential demand for his product. However, to ensure a sustainable market for Facebook, Zuckerberg brilliantly targeted his platform at college students, specifically to those who attended Harvard in the initial stages of the launch, painting it an exclusive and prestigious illusion. This further boosted the platform’s desirability, and as it expanded internationally, people were quick to join, resulting in an upsurge in its popularity. Moreover, this would not been made possible without the strong support system Zuckerberg had. Together with his co-founders, Sean Parker, and Peter Thiel, Zuckerberg was able to convert a college project into a billion-dollar business. Therefore, while ‘The Social Network is dramatized’, it gave viewers a framework the steps needed to take to bridge the gap between an idea and a successful business. It takes a glimpse into the importance of creating a product that would be deemed useful, critically identifying who would be the target audiences, and having business partners that could provide guidance.

As mentioned above, having a support system was crucial to Facebook’s success. However, one person in particular who played an especially important role was Thiel. With Thiel’s angel investment of $500,000, Facebook was able to grow exponentially, proving the critical role venture capitalists play in any start-up companies. As a result of the venture money, Facebook was finally able to move forward in the cycle of innovation. The company started to commercialize, taking on a financial objective for profitable gains. Zuckerberg gained control, solidifying the infrastructure and balance sheet of Facebook for further organizational growth. He invested in necessary human capital to propel the technological advancement of Facebook, hiring new interns and employees not only to develop new features, but to begin exploring the power of marketing and sponsorships. Therefore, it could be said that Facebook would not have had its success today if it weren’t for Thiel’s investment.

In conclusion, though the film was not entirely fact-based, it however did give enormous insight into the potential and impact an innovation can have on the world. It subsequently showed the efforts and hard work that goes into producing a product like Facebook, inspiring future entrepreneurs, businessmen and students alike.

Mark Zuckerberg’s Personality Based on the Movie ‘The Social Network’

‘The Social Network’ is a biography of the co-founder of Facebook, Mark Zuckerberg. The movie is basically based on the book written by Ben Mezrich in 2009. The name of the book was ‘The Accidental Billionaires’. The movie was directed by Aaron Sorkin and released in 2010. The movie got very popular and being nominated for many awards. The movie gives the reflection of incidents happen in Mark Zuckerberg life. When he was studying in Harvard University, he created an application called FaceMash, but unfortunately the university did not accept this application because it was inappropriate and violated the rules and privacy of the university. After this incident his friends told him to develop a website called Harvard Edu. Firstly, he was agreed but then he decided to make his own website named Facebook, which cross more than 550 million users to the date. From this we can see that he is very genuine person he is never jealous of anyone. Even he made his friend Eduardo Saverin a 30 percent partner in his company who has no contribution in developing the website. He was never after money instead of this he wants to create a social network on which people from different countries and belong to different community become friends and get to know each other. He always works hard and even motivates his team to work hard and help each other while having any issue. Based on this movie, I am going to describe the vision, motivation, dilemma, ethics and leadership effectiveness of Mark Zuckerberg. Even I will learn lesson from this movie and can apply in my own life to develop personality development.

Vision and Motivation

The messaging and principal of future of the website is very important. According to Mark Zuckerberg himself, his idea behind Facebook was to create a social network on which student can talk with each other and it is secured. Further he wants that his vision should be expand and people all over the world can talk with each other. Initially, the website was developed for Harvard University student, so that they can talk with each other and get to know everyone because some students are introvert and share their views and ideas with each other. But later he expands his website and now people all over the globe from every community can talk with each share their views, communicate with each other what is happening all around the universe.

Based on this movie, it can be said that the applied story of the movie are Maslow’s Hierarchy of Needs, Herzberg’s Two Factor Theory and Gregor’s Theory X and Theory Y. It can be proved by following points:

1. Mark Zuckerberg motivates his team by taking care of their needs what they want in their daily life. Instead of this Facebook headquarters are designed in such a way that all facilities are provided to employees like restaurants, coffee shop and gyms. This gives the employees a feeling of relatedness.
2. Facebook gives priority to the safety of their workers who are working for the company. It created Q&A safety group in which employees can express their feeling with each other and also creates the safe environment for work.
3. More than 98% of employees working in the Facebook love Mark Zuckerberg because he meets each and every employee working for the Facebook and gives them respect and he does not assign any work to any employee based on his age or experience but on capability of the employee.
4. Mark has broken traditional behavior between employee at higher level or employee at lower level. He never makes any difference between them and treated them equally with a direct approach.

Ethics

Ethics play a major role in everyone life like in behavior of Mark Zuckerberg. When his friends told him to make a website for named Harvard Edu, he was agreed at that time but suddenly he dropped that idea and came with his own social networking website named Facebook, he did not steal their codes and ideas. He was fair on his part. When he was in frustration when his girlfriend left him and when he saw his girlfriend at party, he went to her and apologized her. Even when his best friend and co-founder of his company Eduardo Saverin, froze his bank account to stop Mark using money from the account, he did not say anything to him, instead him to sign the contract. When his friend accused him, he settles the things in very calm way and ask him to remain the co-founder of the company. Also, when another friend Shawn suggested him that he can take revenge from his girlfriend that she is not good from him, while making some cards that she is not perfect from him, his mind was in dilemma that whether this is the right approach or not so he left that idea. These incidents suggest that he does not use unethical methods in his life.

Leadership Effectiveness

Mark Zuckerberg is an effective leader. More than 98% percent of his employees gave him respect and love his behavior and leadership style because of following reasons:

• Clear vision: a leader can have people behind him only when he shows them a clear path ahead like when he is developing Facebook, he knows that he wants to develop such a strong social networking on which people all around the globe can talk with each other and get to know other well. He had a high score in agreeableness because of his clear vision.
• Motivation to team: Mark Zuckerberg motivates his team by working with them and encourage them to work hard by giving verbal encouragement. The Facebook was very developed with may facilities are provided to the employees like they have restaurants inside and coffee shop when they feel tired of work they can go and take some rest and feel good and work hard to achieve the goal. This shows the emotional intelligence of Mark Zuckerberg.
• Legitimacy: Mark Zuckerberg is known all around the world each and every person knows him because he is a legitimate person, he lived his dream and fulfill it by doing a lot of hard work, his dedication and concentration finally get success when Facebook make a success. He faced many barriers along the way, but his dedication and bravery has overcome these barriers. He was accused number of times, but nothing stops him to fulfill his dream. He got the best employees all around the world who work for his Billion-dollar company.
• No traditional hierarchies: Mark Zuckerberg broke the traditional behavior between employees and other members at higher level. In his office, employees directly approach him in his office. He usually assigns work based on capabilities and abilities of the employees not on age and experience. He had many experience in his life and face many challenges during his project but he learns new things from these experiences.
• No useless workplace traditions: Mark is a very simple and genuine person. He never judges any employee based on dress so he does set any dress code at workplace. He judges his employees based on quality of work. So, we can say that he had practical intelligence because he values practical skills.

Contingency Theory

Mark Zuckerberg first develop FaceMash theory, where two people have to compare two pictures select the most attractive picture out of two. He wanted to use his emotional intelligence skills to understand what people exactly want in life. He discovered that many people were not interested to know whom they don’t know but more interested in people known to them. It proves that Mark Zuckerberg reads and capable of monitoring the emotions of other people, He inspired his fellow friends and they were very curious to take part with him, that’s why so many people took part in the hacking competition which was organized by him and they could see the capability of Mark Zuckerberg despite of the fact that Facebook was very new, no one has idea whether it would get huge success or not. But his unusual vision inspired many people to share the same vision and help him to complete his goal and finally Facebook was renowned all over the world.

Personal Leadership Development

‘The Social Network’ is an inspirational movie and character of Mark Zuckerberg has given us many lessons of life. Firstly, if we want to achieve success in life, we should have a clear vision in our life. We should work hard and concentrate on our work what we are doing, no, matters what barriers come in our way we have to solve these huddles in a clam way without getting stress. While making Facebook website he was not aware of it may or may not get success in future. But still he was concentrated and dedicated towards his work and hope that it will get success all around the world. Secondly, he was accused many times in his life but he handles the situation in positive way and get success in his life. So, we have to learn that we should not react every situation in a negative way and try to solve every problem in a calm way to get success.

Reference

1. https://www.biography.com/business-figure/mark-zuckerberg