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The Condition of Facebook in 2011 - Case Study Example

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The paper 'The Condition of Facebook in 2011' focuses on the analysis of how ‘Facebook’ came into being leaves one amazed on how creativity would be merged with the opportunity to bring about totally new creations which would not only be fascinating but that would be great business innovations…
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The Condition of Facebook in 2011
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Download file to see previous pages After the initial creation of a personal profile, one would always view other people’s profiles so long as they were digitally friends. As against such believes that people would hold that innovation is about accidental creations, the creation of Facebook initially stemmed from the practical need to have such profiles aid in accessing individual profiles through a harmonized online platform as against visiting various platforms for such information that would be easily shared by ‘friends’. Besides, no magic or mystery as would be thought of was involved in spreading the awareness as soon, the idea reached many other institutions through deliberate efforts by subscribers to invite own friends. In fact, it was after the tremendous spread of the idea and the support by various other players that Facebook became a company as the brain behind the innovation says the lack of operating funds had restrained the development of the idea into a company or trading venture as it turned to be. It was through this that Mark Zuckerberg deliberately went into Silicon Valley to establish on Facebook's business potential. By the end of 2004, Facebook had taken the full shape and structure of a trading company as we have it today with a relaunch of the website as well as instituting the right infrastructure to have it run as an online social platform. The point of consideration, therefore, would be on how mysterious was that process or how genetic factors would have caused such an innovation where different ideas are brought together to establish such a venture. High level of innovation and creativity would be cited as the main factor that led to the development of Facebook, right from a school-based idea to evolve into becoming a great social platform as we have it today. In fact, it was not long after that the company became second in rank after MySpace on global ranking of online social platforms. The entrepreneurial spirit behind the innovation of Facebook has seen the company increasingly innovate and launch more products and services, which has increasingly contributed to its success in the subsequent years. For instance, the company has launched social bookmarking, virtual gifts, social ads, facebook chat as well as mini-feed extensions among other innovations, which are cited as great creations in the 21st century. The conversion of these ideas from mere thoughts into practical ventures for business would therefore in best explain entrepreneurship in regards to facebook creations. This, therefore, supports to a great extent the position by Drucker that entrepreneurship is not the creation of genes, magic or better still mystery as has been purported elsewhere. On the contrary, entrepreneurship can be learned as is illustrated through the efforts by Zuckerberg to deliberately learn on social business from competitors in the Silicon Valley as well as the deliberate efforts to higher professionals for the development of ideas with the facebook company (Sullivan, 2014, p. 66). ...Download file to see next pagesRead More
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