...1) In the interview, Mark Zuckerberg made several comments that pointed towards which characteristics would make a great entrepreneur. The first was that you had to be ok with making mistakes. He goes on to talk about how without making mistakes, his company would never have grown. “The biggest risk is not taking any risk.” – Mark Zuckerberg. In this quotes he states how important it is for companies to move forward and to try something new. He goes on to talk about how in this quick-paced world the only true mistake you can make is by not trying to move forward. Another characteristic that wasn’t explicitly stated that I picked up on was passion. You can tell while watching the interview that Mark is a very passionate man when it comes to talking about the way his product works. When he goes into the more technical details of certain elements of Facebook, you can see his eyes light up, his change in posture, and his vocal mannerisms change. It is because of how passionate he is and how badly he wanted to see his idea become real that allows him to be a great entrepreneur. The last characteristic that I will state is resourcefulness. Mark talks about how in his early being at silicon valley really helped him. The reason for this is, that back then Mark didn’t know as much about the industry as he does now. He describes that at the time if he didn’t know how to do something or needed help with something, that there were tons of people for him to get help from. He goes on to say...
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...company in his Harvard dorm room in 2004 is now its CEO, chairman of the board and controlling shareholder. In its regulatory filing, Facebook credits Mr. Zuckerberg with the vision to create what has become the largest social network on Earth. But as Facebook changes into a public company, its 27-year-old founder will still have final say over all major decisions, largely unchallengeable by investors or the board of directors. In my study of organizational behaviour, I have yet to come across one who was considered great who did not also have a significant body count of ex-employees claiming that they were autocratic and mean. Examples include Jack Welch, Steve Jobs, Bill Gates, and Larry Ellison. My theory is that the level of personal demanding needed to drive a global enterprise to a position of world-changing leadership is one that can be too much for some people. Such leaders do not tend to provide much in the way of emotional coddling and Mark Zuckerberg is like that. If your confidence in your own abilities is self-generated and emotionally secure, and you are seeking someone who will pose to you ever-greater challenges to surmount, then Mark Zuckerberg is a pretty good fit for you. However, he is not there to develop you because that is your own job. Following Facebook's initial public offering, Mr. Zuckerberg will continue to own the majority of the company's voting shares. He will also own the largest single stake of the company as a whole. Even though Facebook...
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...A Progressive Zuckerberg The world today is always changing, moving forward to the future. In the past 20 years many things have evolved from the common computer to the internet. In the essay, “American Value System,” Richard Rieke and Malcolm Sillars present six different value systems. Puritan-Pioneer-Peasant are righteousness, thrifty, hard workers, and dependable. Enlightenment Value System believes in freedom, nature, democracy, individualism and knowledge. Humanitarian, intuition, truth, sympathetic, love and friendship are values of Transcendental Value System. Characters from family, economic security, career, and health represent the Personal Success Value System. Traits that stand out in the Collectivist Value System are cooperation, joint action, social good and unity. Mark Zuckerberg created the famous social media website Facebook, while he was attending Harvard University. Always improving, changing, evolving towards a scientific future is the Progressive Value System that Mark Zuckerberg falls into. Others may think that he may fall in the Personal Success Value System but he doesn’t show the qualities of family, affection, and fair play. Zuckerberg is a Progressive rather than Personal Value System because he is always moving Facebook forward trying to make it more efficient and user friendly rather than care about his career, family and friends. Zuckerberg improved the online social media network and took online networking to new heights. Facebook wasn’t...
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...Dobbs Ferry, 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. The birth of Facebook was recently portrayed in the filmThe Social Network. Understanding people is not a waste of time. – Mark Zuckerberg Early Life Mark Elliot Zuckerberg was born on May 14, 1984 in Dobbs Ferry, New York, into a comfortable, well-educated family. His father, Edward Zuckerberg, ran a dental practice attached to the family's home. His mother, Karen, worked as a psychiatrist before the birth of the couple's four children—Mark, Randi, Donna and Arielle. 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. The family also used Zucknet to communicate within the house. Together with his friends, he also created computer games just for fun. "I had a bunch of friends who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it." To keep up with Mark's burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Mark. Newman later told reporters...
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...that occurred around the creation, until the premiere of the film. Mark Zuckerberg was a relatable character and a dedicated Harvard student who had multiple social issues. He was inspired by his fellow students and an intemperate hacking catastrophe to create perhaps the greatest and most marketable social networking website ever. As the film progressed, the story also showed the dark side including intellectual theft, privacy violation, corporate scandals, and betrayal as it takes you through Mark’s struggle with conflicts over bad choices he made for himself. The climax incorporated the fact that as Mark got ahead of himself in business, he hurt his friends while doing so. The story ended happily and gives the viewer a new vision of Facebook and the years of work that went into it. Facebook was a major part of this average student’s life, however, it gives the viewer a new appreciation of everyday life, for things once considered mundane, and apprehension for hurting people close to you. Characterize Mark Zuckerberg and include/comment on the following (min. 250 words) Physical appearance Mark Zuckerberg’s character was an average looking American college student. He was thin, dressed informally and had shaggy, unkempt hair. Education and work Zuckerberg attended Harvard, therefore he must have been a well educated young man. Level of Intelligence Zuckerberg had a high level of intelligence, perhaps that’s why he was so socially...
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...the website was invented by a Harvard student, Mark Zuckerberg, and three of his classmates – Andrew McCollum, Chris Hughes and Dustin Moskovitz. Zuckerberg wrote the software for the Facemash website when he was in his second year of college. The website was set up as a type of “hot or not” game for Harvard students. The website allowed visitors to compare two student pictures side-by-side and let them choose who was “hot” and who was “not”..... That night, Mark Zuckerberg wrote the following blog entries:[9][10][11] I'm a little intoxicated, not gonna lie. So what if it's not even 3 pm and it's a Tuesday afternoon? What? The Kirkland dormitory facebook is open on my desktop and some of these people have pretty horrendiedous facebook pics. I almost want to put some of these faces next to pictures of some farm animals and have people vote on which is more attractive. —2:49 pm Facemash, the Facebook’s predecessor, opened on October 28, 2003.[8] Initially, the website was invented by a Harvard student, Mark Zuckerberg, and three of his classmates – Andrew McCollum, Chris Hughes and Dustin Moskovitz. Zuckerberg wrote the software for the Facemash website when he was in his second year of college. The website was set up as a type of “hot or not” game for Harvard students. The website allowed visitors to compare two student pictures side-by-side and let them choose who was “hot” and who was “not”..... That night, Mark Zuckerberg wrote the following blog entries:[9][10][11] I'm...
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...Rosanne Della Fave MGT 480-01 9-15-11 Luckily for Mark Zuckerberg, Facebook has been a rapidly growing social network for over six years. Considering he is a college drop-out, he has done well for himself. This genius of a man has built Facebook into the most used social network in the world. The inspiring thing about it is that he is still building. He refuses to be complacent and will not settle for anything but the best. As I know from the article, there is a lot of knowledge to be learned from the 27 year old entrepreneur, who made his first million dollars at age 19. This article is very useful in learning how to be a successful entrepreneur. Some important advice that I retained from this article is to stay in control of the situation. It's important not to let people walk all over you or take advantage of you because if you let them, they will continue to take advantage of you all the time. It will also allow you to gain respect from others when they see that you are steadfast. When executives met Mark Zuckerberg in his Adidas flip flops they assumed they were dealing with a young kid who happened to come up with this great idea but didn't know how good it really was, however, Zuckerberg outsmarted them in many ways. Many "big shots" jumped on the opportunity to try and buy Facebook from Zuckerberg. Their thinking was that they were dealing with a money hungry, ignorant adolescent. They were wrong; they didn't even know that they would actually learn something...
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...hail the new king ! As FaceBook’s IPO unfolds over the course of 2012, we will learn more and more about Mark Zuckerberg as the new hailed “King” of the techies. Is it all about the cash? It would seem Zuckerberg has the world at his feet. His empire includes over 800million Facebook users and based on a recent valuation he will be worth over $28 billion at the age of 27 (The Guardian). Money can not be his only motivator, it has been reported that at the age of 22 he turned down several offers for Facebook, famously $1billion from Yahoo in 2006. What leadership traits does Zuckerberg have that drives him to pursue his calling “…to give people the power to share and make the world more open and connected…”? A divine right? Zuckerberg is focused on his ambition of making the world social or “not changing human nature but enabling it...” as he labels it. Ancient leadership theories indicate that charismatic leaders were “chosen ones” with spiritual powers and a “cult like” following. In the early days of Facebook, Zuckerberg had the adulation of “followers” who were willing to sacrifice salary for shares. Even normal folk outside his “techie” circle, such as David Choe, a graffiti artist, who chose stock options as payment for decorating Facebook’s offices. He is estimated to walk away with $200m after the IPO. Inventor or imitator? Evidence suggests that Zuckerberg simply steals ideas. Take the name “Facebook”, according to reports the original idea is thought to have...
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...Christopher Villarreal COLL148 Professor Van Liew Course Project Proposal My Plan for Achieving Personal Success in the Footsteps of my Role Model, Mark Zuckerberg As I learn more about my field, I have learned to admire the work of Mark Zuckerberg in the field of computer programming. Although there may be some controversy around the ownership and design in his most famous project, Facebook, it took a variety of great ideas and business savvy to make an idea into reality. One of the main reasons I chose Mark Zuckerberg is because he took an existing idea and decided to make it a global enterprise. Some answers I will be looking for while researching for my course project include what type of mainframe Facebook utilizes, the system security Facebook implements, and how they plan for future growth within their network. Additionally, I’ve compiled a list of questions more in line with Mark Zuckerbergs journey to where he is now. 1. What kind of life did Mark Zuckerberg have? 2. What made him so confident in his journey to becoming the owner of Facebook? 3. How did he do it? 4. Where did he start? 5. How did he succeed? 6. What were his biggest fears? 7. Did he ever feel overwhelmed or like he wasn’t going to succeed? A quick summary of what I have found is that Mark got started into computer programming at the early of twelve. He had networked all of his home computers so that a family member could log into a computer remotely and...
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...Mark Zuckerberg, 23, founded Facebook while studying psychology at Harvard University. A keen computer programmer, Mr Zuckerberg had already developed a number of social-networking websites for fellow students, including Coursematch, which allowed users to view people taking their degree, and Facemash, where you could rate people's attractiveness. In February 2004 Mr Zuckerberg launched "The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff. Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile. The network was promptly extended to other Boston universities, the Ivy League and eventually all US universities. It became Facebook.com in August 2005 after the address was purchased for $200,000. US high schools could sign up from September 2005, then it began to spread worldwide, reaching UK universities the following month. As of September 2006, the network was extended beyond educational institutions to anyone with a registered email address. The site remains free to join, and makes a profit through advertising revenue. Yahoo and Google are among companies which have expressed interest in a buy-out, with rumoured figures of around $2bn (£975m) being discussed. Mr Zuckerberg has so far refused to sell. The site's features have continued to develop during 2007. Users can now give gifts to friends, post free classified...
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...did go up as high as $42 in its opening hours before it settled back toward $38. And the nightmare of falling stock price still goes on and some of the major unforeseen issues of Facebook appeared on a surface. Facebook had been the leading giant of social network, because it had the technology to make SNS website more user friendly than those of its competitors. Then the users started to switch their computers for mobile phones, ever since the IPhone and other smart phones emerged. Regardless of what was happening around, Mark Zuckerberg, the Facebook found, decided to keep improving on the computer-based Facebook, not improving on the mobile-based one. Before Zuckerberg realized, it was too late when so many users were frustrated with many bugs and errors in their mobile Facebook app. Many critics point out that Facebook missed reading the trend in technology. Another macro economic factor deals with fluctuating values of the users. Mark Zuckerberg can control Facebook Inc. but he cannot control what users are experiencing. As for psychological...
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...I vividly remember the moment I feel in love with the idea of being an entrepreneur. It was shortly after moving to Silicon Valley, while watching Mark Zuckerberg and Jim Breyer on the Harvard to Facebook lecture by Stanford Technology Venture Program's Entrepreneurial Thought Leader Seminars. During that podcast, I realized that with an idea and the right vision anything is possible. It is this conviction to take a risk to follow your dreams that is at the core of entrepreneurship. Merriam-Webster Dictionary defines entrepreneurship as "the of organization, management, and assumption the risks of a business or enterprise." Yet, this definition makes entrepreneurship seem like a set of actions instead of a mindset. In my opinion, entrepreneurship is not a prescribed set of actions. Following the beaten path does not make one entrepreneurial. Actually, it is the disregard of what is conventional that gives a person an innovative edge. From an etymological point-of-view, the word entrepreneur is based on the Sanskrit word "Antha Prerna," which in translation means "self-motivated." Self-motivation is the hallmark of an entrepreneur. Self-motivation is the x-factor, separating those who have the entrepreneurial mindset from others who are trapped in the conventional way of thinking. Self-motivation is not an ability, but a desire to reach for something greater. Something much larger than oneself. The late Steve Jobs captures this with his famous comment toward an employee: "We're...
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...1-0 of nullprev next Zuckerberg underfire following IPO bungle up By ANI | ANI – 2 hours 39 minutes ago * * * Share0 * Email * Print Latest Slideshows * Sony unveils smart phones 9 photos - Wed 23 May, 2012 * World's smallest artificial heart 5 photos - 3 hours ago * India fumes over steep petrol price hike 8 photos - 16 hours ago Washington, May 23 (ANI): Facebook founder Mark Zuckerberg has come under fire for going missing from the public eye, since firm's disastrous IPO bungle. Zuckerberg's last public appearance was when he rang the Nasdaq opening bell the day the shares went public. But apart from a wedding picture posted over the weekend, the Facebook chief has been missing in action. In the five days since the company went public, investors have filed lawsuits against the social networking giant over the deal which was fumbled by its major underwriters and complicated by technical problems at the Nasdaq stock exchange. The lawsuits filed were reportedly over claims that profit warnings were "selectively shared" before the company went public last week. According to the Herald Sun, the company's share price has slumped 16 per cent below the US 38 dollar listing price. Susan Heron, CEO of the Australian Institute of Management for Victoria and Tasmania, said people were looking at Zuckerberg as a leader to give them clarity, answers and comfort. "Facebook is the product and the brand and Zuckerberg is critically linked...
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...organizational level, and it guides the social control mechanism as well as sets values that guide behavior. In the last years, Facebook had an exponential growth mainly thanks to the freedom the president Mark Zuckemberg gives to his employees. The atmosphere in Facebook’s offices it is in fact described by its employees as being very relaxed and free, as staff is given time to work on their on personal projects. This is triggered by the fact that they are not given a standard working schedule as well as they are truly motivated thinking that if their idea is “good enough” it is going to be in front of millions of Facebook users in all the world. As said by many employees in a GlassDoor interview, they are extremely inspired by their colleges thanks to “the caliber of talents all concentrated in one place” as said by content strategist Melody Quintina. Facebook’s success as a private company can be largely attributed to the freedom co-founder, President and CEO Mark Zuckerberg grants his employees. The organizational culture created by Zuckerberg is relaxed, unstructured and open. Employees can come and go as they please, with no standard work schedules, thus more employee freedom. The Facebook offices are open, with undivided desks scattered across large rooms. Zuckerberg himself works among the employees in the open...
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...Do we really need another Facebook CEO? Facebook share price has been falling since it became listed and Mark Zuckerberg has remained silent on the issue. Does he realize that he now owes millions of investors an explanation? Is this a sign that we need a more experienced CEO? The IPO Facebook has lost about 50% of its value since its initial public offer (IPO) on May 2012. According to The economist, after it opened at 38$ per share, ‘It dropped by 8% after hours on July 25th when Zynga, a games company that uses Facebook as a base, reported poor quarterly results, and by another 10% after Facebook’s own figures came out the next day. It has fallen further since. On August 1st Facebook’s shares closed at $20.88, and is predicted to continue to fall as the lock-up periods begin to expire. Investors Reaction Investors have enough reasons to be furious. A series of recent negative events, especially the admission of 83 milion fake accounts and the announcement of a loss for 2nd quarter of 2012 have left investors doubting the future of facebook. Worse still, there has been no word from the CEO. Investors need all the reassurance and explanation they can get at this time. His silence has led to the questioning of his ability to lead Facebook. What kind of leader is Mark Zuckerberg? Mark Zuckergberg’s leadership has been linked to a couple of leadership styles. He has been referred to as a visionary, as he is highly driven with the vision to connect people all over the world...
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