Facebook Essay Example | Topics and Well Written Essays - 3750 words

Facebook - Essay ExampleThe co-founder of Facebook, Mark Zuckerberg, had been accused of stealing the concept of Facebook from three students in Harvard University. However, he won his case against them and cleared any misconceptions about the source of the concept. Facebook was launched when the idea of tender networking directs had already been circulated on the web in the form of MySpace, Orkut etc. These competitors were overshadowed by the inventive ideas and features of Facebook. It is a matter of duration until another interesting idea makes its way to the top rank and supersedes Facebook. External and internal abridgment has been conducted regarding Facebook to help the continuation of the achievement of its goals and objectives. Other than the constant threat of the initiation of an even more inventive idea, Facebook is starting to face Facebook Fatigue from the users due to the extensive usage of the same features. Few strategies have been proposed in the trace that can be useful for Facebook to improve their service and achieve their goals and objectives. The need of the hour is to inhibit the edition of third party applications to ensure greater security, offer new features and functions to handle Facebook Fatigue and reduce the calculate of advertisements display for the users. Facebook 1. Introduction Facebook is a social networking site that has leaped mankind to a new level of social networking in terms of greater interactivity and communication. It is not only considered as a mechanism to communicate, but besides an effective medium to share different types of multimedia, like videos, images, documents etc. It enables the users to stay in touch with their friends, colleagues, family and strangers who ability have similar interests or hobbies. It is a global platform where an individual from any race or religion can become a member to communicate with his peers. Facebook has become the most commonly follow social networking site in t he prevailing times since they have greater number of registered users every twenty-four hour period Facebook shows records that on average, 100 million users access the respective website every day. This report discusses different aspects of the social networking site and how the respective fellowship has gained the status of one of the leading companies in the world. The core objectives and mission statement of the company has also been included to communicate the core values of the company. External, as well as internal analysis has been done for the company to identify the strengths, weaknesses, threats and opportunities for the company. An important and final aspect of this report is the proposal of effective strategies to still the achievement of the goals of the company, along with the strategic plans to implement the propositions in the company. The financial impacts of the propositions have not been analyzed in the report due to the unavailability of extensive financial information from Facebook. It is also recommended that some of the proposals should be employ after attaining feedback from the user to ensure that the tedious task of implementing the changes would cause a positive effect on the users, such as the provision of customization options, lessening of advertisements on profile pages. 2. Company Overview Mark Zuckerberg is one of the of import founders of the company. Womack stated that the annual revenues of 2010 amounted to around $2 billion. It has been ranked as the 3rd largest IT company in the world, butt end Microsoft and Google. Womack also provided the information that the founder was named as the Person of the Year by Time Magazine in 2010. The value of the company has