Social Mark Zuckerberg, along with fellow Harvard College

  Social media seems like
it will be in our lives for a while, unless a new major form of technology is
developed. It is hard to believe that the world once
communicated solely through face to face conversations, telephones, and email.
Out of many ways of social networking, February 2004 brought something that
made communication between people much easier and more preferred. Because of
the way the social networking website, Facebook, changed how people keep in touch with
each other, it has become known as the social networking site that is taking
the world by surprise. Social networking websites are the most common
websites that are currently visited by people. As seen in the past, new
phenomenon come and go every year. Myspace, Tumblr, Instagram, and Twitter are
all examples of this. One social media site that has been used for
quite a while now isFacebook.

    Facebook is
a popular free social networking website that allows registered users to create
profiles, upload photos and video, send messages and keep in touch with
friends, family and colleagues. The site which is available in 37
different language, makes it easy to use by different people around the world.

Best services for writing your paper according to Trustpilot

Premium Partner
From $18.00 per page
4,8 / 5
4,80
Writers Experience
4,80
Delivery
4,90
Support
4,70
Price
Recommended Service
From $13.90 per page
4,6 / 5
4,70
Writers Experience
4,70
Delivery
4,60
Support
4,60
Price
From $20.00 per page
4,5 / 5
4,80
Writers Experience
4,50
Delivery
4,40
Support
4,10
Price
* All Partners were chosen among 50+ writing services by our Customer Satisfaction Team

    “The
Facebook” website was
launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard
College students and roommates, Eduardo Saverin, Andrew McCollum, Dustin
Moskovitz, and Chris Hughes.  The original website was initially limited to
Harvard students only, but quickly expanded to additional colleges in the
Boston area, other Ivy League schools, then eventually just about every
University in North America, up till now where 1 out of every 7 people on earth is on Facebook.  These days, Facebook is
worth around $500 billion,
and more than 2 billion people use its
social network every month.

 

Online networking appears like it will be in our lives for some
time unless another significant type of innovation is created. It is difficult
to trust that the world once conveyed exclusively through up close and personal
discussions, phones, and email. Out of numerous methods for long range informal
communication, February 2004 brought something that made correspondence between
individuals substantially simpler and more favored. In view of the way the
person to person communication site, Facebook changed how individuals stay in
contact with each other, it has turned out to be known as the long range
interpersonal communication site that is shocking the world. Long range
informal communication sites are the most well-known sites that are right now
going to by individuals. As found before, new marvel goes back and forth
consistently. Myspace, Tumblr, Instagram, and Twitter are for the most part
cases of this. One web-based social networking webpage that has been utilized
for a long time now is Facebook.

 

Facebook is a mainstream free informal communication site that
enables enrolled clients to make profiles, transfer photographs, and video,
send messages and stay in contact with companions, family, and associates. The
site which is accessible in 37 different languages, makes it simple to use by
various individuals around the globe.

 

“The Facebook” site was propelled on February 4, 2004,
by Mark Zuckerberg, alongside kindred Harvard College students and roommates,
Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The first
site was at first restricted to Harvard understudies just, however immediately
extended to extra schools in the Boston zone, other Ivy League schools, at that
point in the end pretty much every University in North America, up till now
where 1 out of each 7 individuals on earth is on Facebook. Nowadays, Facebook
is worth around $500 billion, and more than 2 billion individuals utilize its
interpersonal organization consistently.

 

Mark
Zuckerberg is co-founder and CEO of the social-networking website Facebook, as
well as one of the world’s youngest billionaires.

 “With a generation of younger folks who have
thrived on the success of their companies, there is a big opportunity for many
of us to give back earlier in our lifetime and see the impact of our
philanthropic efforts.”

—Mark
Zuckerberg

Born on May 14, 1984, in
White Plains, New York, Mark Zuckerberg co-founded the social-networking
website Facebook out of his college dorm room. He left Harvard after his
sophomore year to concentrate on the site, the user base of which has grown to
more than 250 million people, making Zuckerberg a billionaire. Zuckerberg developed an interest in
computers at an early age; when he was about 12, he used Atari BASIC to create
a messaging program he named “Zucknet.” His father used the program
in his dental office, so that the receptionist could inform him of a new
patient without yelling across the room.

Facebook’s mission is to “Give people the power to build community
and bring the world closer together.” The
corporate vision statement describes the business condition that the company
wants to achieve. Facebook’s vision statement guides employees in focusing
their efforts. The corporate statement of purpose distinguishes the essential
points and activities expected to achieve the vision. Facebook’s statement of
purpose decides the techniques and strategies to develop and build up the firm.
Through steady concentrate on the mission and vision articulations, Facebook
Inc. guarantees its initiative in the worldwide market for online interpersonal
interaction benefit. This vision articulation demonstrates that the business
isn’t only an online long range informal communication website. Rather, the
organization is built up to encourage profitable correspondence among singular
clients. Facebook’s vision articulation has the accompanying fundamental parts:

1.     Global market

2.     Facilitation of communication among friends
and family

3.     Tool for discovery

4.     Tool for self-expression

 

Facebook’s CFO, Dave
Wehner, and CEO Mark Zuckerberg both said that next year Facebook would be
making a series of aggressive talent and ad-tech investments that would set it
up for a successful future.

But that could mean
Facebook’s expenses increase up to 70%.

Zuckerberg also
outlined his three-, five-, and 10-year plan for the company.

In summary, he wants
to have multiple Facebook products — WhatsApp, Messenger, Search, Video,
NewsFeed, Oculus, and Instagram — each connect 1 billion users. Once those have
reached mass scale, then he’ll start to aggressively monetize them. 

He also wants to
improve the advertising experience for brands, particularly on mobile. Facebook
will be investing in ways to better target and measure campaigns through data.
It wants to help brands measure online to offline sales conversions. Currently,
advertisers spend only about 11% of their budgets on mobile, according to
Facebook COO Sheryl Sandberg, because the right tools aren’t in place.

Finally, Facebook
wants to build the next major computing platform, which Zuckerberg believes
could be augmented reality and Oculus. He also wants to bring the internet to
more people through Internet.org.

“We’re going to
prepare for the future by investing aggressively,” Zuckerberg said. 

“The strength of
the business today is putting us in a strong position to invest in the
future,” Wehner added.

Satisfying the genuine mission, interfacing the whole world,
wouldn’t really, be conceivable unless everyone on the planet was on the
Internet. So, Zuckerberg has chosen to ensure everyone is. This sounds like the
sort of thing you say you will do however never really do, yet Zuckerberg is
doing it. He is in Chandauli today in a battle to ensure that really, each
individual on earth has an Internet association. As Sandberg puts it (she’s
preferred at sound chomps over Zuckerberg): “If the primary decade was
beginning the way toward interfacing the world, the following decade is
associating the general population who are not yet associated and watching what
happens.” Part of Zuckerberg’s problem-solving methodology
appears to be to start from the position that all problems are solvable, and
moreover solvable by him. As a first step, he crunched some numbers. They were
big numbers, but he’s comfortable with those: if he does nothing else,
Zuckerberg scales. The population of the earth is currently about 7.2 billion.
There are about 2.9 billion people on the Internet, give or take a hundred
million. That leaves roughly 4.3 billion people who are offline and need to be
put online. “What we figured out was that to get everyone in the world to have
basic access to the Internet, that’s a problem that’s probably billions of
dollars,” he says. “Or maybe low tens of billions. With the right innovation,
that’s actually within the range of affordability.”

 

Facebook
Inc.’s success as the biggest online social media business is based on
effectively addressing the 10 strategic decision areas of operations management
(OM). Each of these areas addresses operational concerns to maximize
productivity and overall efficiency of the organization. Facebook’s human
resources and facilities are developed to ensure that operations management is
always effective in achieving the strategic objectives for these 10 decisions.
With a growing number of users worldwide, the company must support its social
networking website and mobile apps with best practices in operations
management. Through continuous improvement, Facebook can ensure that it meets
its objectives for the 10 strategic decision areas of operations management.

1.   
Design of Goods and Services. 

 In this decision area, the objective is
to achieve a product design that aligns with business goals through operations
management streamlining.

2.   
Quality Management.

Operations management focuses on meeting
customers’ quality requirements in this strategic decision area. 

3.    Process and Capacity Design

Considering its online nature, Facebook Inc.
addresses this strategic decision area through automation. Operations managers
are concerned about the processes and resources needed for adequate production
of social media services for users and advertisers.

4.    Location Strategy

The operations management objective in this
strategic decision area is to optimize nearness to resources and markets.

5.    Layout Design and Strategy

The efficiency of internal communication and
movement of human resources and materials is the strategic objective in this
decision area of operations management. Facebook addresses this objective
through innovative layouts of its offices. 

6.   
Job Design and Human Resources.

Facebook Inc.’s operations management is
concerned with developing human resources in this strategic decision area.
Facebook’s aim is to maintain an adequate and capable workforce for the online
social media business.

7.    Supply Chain Management

The bulk of Facebook’s operations management
concern in this strategic decision area focuses on corporate facilities. Most
of these facilities are located where supplies are accessible.

8.    Inventory Management

The objective in this strategic decision area
is to optimize inventory purchasing and holding.

9.    Scheduling

Facebook focuses on continuous iteration to
address this strategic decision of operations management. This area’s objective
is to ensure that intermediate and short-term schedules satisfy business needs.

10.Maintenance

Facebook focuses on continuous iteration to
address this strategic decision of operations management. This area’s objective
is to ensure that intermediate and short-term schedules satisfy business needs.

Mark Zuckerberg’s leadership style influences the company’s
success and employee satisfaction. As a transformational leader, Mark
Zuckerberg has learned from his mistakes, takes risks, and has grown his
company as a visionary leader. Through determination, self-awareness, and by
the help of mentor’s, Mark Zuckerberg has been placed on the top 10 CEOs list
and has built the most popular social network in the world.

Transactional leaders focus on maintaining normal workflow of
operations. These types of leaders will use disciplinary powers, awards, and an
array of incentives to motivate employees to perform their best. These leaders
are focused on satisfying quotas on a day-to-day basis. Transformational
leaders tend to go beyond the normal day-to-day and focus mainly on creating a
solid team of employees by promoting team building. Transformational leaders
motivate their employees through setting goals, implementing incentives, and
providing opportunities for personal and professional growth (Northouse, 2013).
Mark Zuckerberg embodies the characteristics of a transformational leader. He
is known as being a motivator who inspires his staff of employees with a clear
vision of the company’s future. He further defines the steps necessary to
achieve such goals needed.

Here is the list of employees who generally control the
organization:

       Mark Zuckerberg (Founder, Chairman and Chief Executive Officer) is the Founder, Chairman and CEO of
Facebook, which he founded in 2004. Mark is responsible for setting the overall
direction and product strategy for the company. He leads the design of
Facebook’s service and development of its core technology and infrastructure.
Mark studied computer science at Harvard University before moving the company
to Palo Alto, California.

         Sheryl
Sandberg (Chief Operating Officer) is chief
operating officer at Facebook, overseeing the firm’s business operations. Prior
to Facebook, Sheryl was vice president of Global Online Sales and Operations at
Google, chief of staff for the United States Treasury Department under
President Clinton, a management consultant with McKinsey & Company, and an
economist with the World Bank.

Dave Wehner (Chief Financial Officer) is Chief
Financial Officer of Facebook, where he leads the finance, facilities and
information technology teams. Prior to becoming CFO in June 2014, Dave served
as Facebook’s Vice President, Corporate Finance and Business Planning, since he
joined Facebook in 2012. From 2010 through 2012, Dave served as Chief Financial
Officer of Zynga Inc. Before Zynga, Dave was a Managing Director at Allen &
Company, an investment bank focused on media and technology, which he joined in
2001.

Mike Schroepfer (Chief Technology Officer) is responsible
for harnessing the organization’s culture of speed, creativity and exploration
to build products, services and infrastructure that support the more than 1
billion people worldwide who use Facebook. Before coming to Facebook, Mike was
the Vice President of Engineering at Mozilla Corporation, where he led the
global, collaborative, open and participatory product development process
behind Mozilla’s popular software, such as the Firefox web browser.

Chris Cox (Chief Product Officer) leads Facebook’s
Product Management, Design, and Marketing functions globally. He is responsible
for the core products and features that shape the social experience for the
over 1.2 billion people who use Facebook every month. Chris joined Facebook in
2005 as a software engineer and helped build the first versions of key Facebook
features, including News Feed. He then became director of human resources,
where he set the tone for Facebook’s culture and drove the development of its
mission, values and people strategy.