Advantical Analysis: Porter's Five Forces Analysis Of Facebook

These platforms can enhance and aid in the success of businesses. Facebook is the largest social media site used in social networking. This social networking

However, in opposition, social networking sites is based on sharing information and so, in the Internet economy and the exchange between users and websites would be beneficial to both ends. As the users’ valuable activities and information has become the base for

With evolving technology comes new types of social media, people have begin to question the internet’s effect on our mentality. It is a bit difficult to compare the pros and cons of social media, it has more to do with an individual’s experience.  Some could be having a horrible time due to social media, but others could be thriving off of it.  The more negative implications of using social media could be the way that we share our personal lives and how much of it we give to the public, regardless of social relationships, to consume.  Along with this, we are deeply impacted by what we see from others based on our viewing of what they share because of the ability to create falsified identities and unrealistic interpretations of who we are

The question every parent is constantly pondering is "what is my child thinking." It is a question that children don't normally give an answer. Parents have to be observant to even be in the ballpark. Many parents have began to use social media to spy on their kids, but as Patrick White has pointed out in his essay, "Facebook: Watching the Watchers" it is backfiring, but it is changing the family dynamics. In "Facebook: Watching the Watchers", Patrick White writes "The site now bridges the chasm once rarely crossed between student life and family life by offering a window into both lives for children and parents (521)."

Facebook is a social networking website that was launched by Mark Zuckerberg in 2004. It was initially designed as a means for Harvard University students to communicate, but it quickly grew and now boasts over 1 billion users worldwide (Facebook 101, 2014). This paper will evaluate the business strategy of Facebook. An overview of the company will be presented, with identification of the company mission statement, financial performance and global operations; a SWOT analysis will be completed, and the strategic objectives will be identified with discussion of specific strategies and contingency plans that will need to be in place to recognize those goals. Lastly, the strategy will be critiqued, with suggested changes presented, if any.

In this day and age, social media has become an integral part of our lives. It has created a platform for people to share information instantly and communicate with people all around the world. Facebook is the most outstanding example of successful social media network. According to the first quarter 2015 earnings announcement by Facebook, the site has achieved 1.44 billion active users per month, and 65% of which are daily active users. Other social networking sites such as Twitter, Instagram and LinkedIn are also a powerful means of communication. With such a large audience, social networking sites provide ample opportunities to acquire information, network, and connect with friends.

According to Facebook: 1) over 800 million active users and more than 50 percent log onto Facebook on a daily basis; 2) average user has 130 friends; 3) average user is connected to 80 community pages, groups and events; 4) nearly 900 million objects (pages, groups, etc,) that people interact with; 5) around 75 percent of Facebook users are outside of North America (Facebook, 2011). With these staggering statistics in regards to social network usage, it makes sense for companies to try and capitalize on the social media wave through social media optimization.

Social networking is a way of connecting people in the virtual world. Social networking websites have exploded in recent years,

According to Forbes, there are about 1 billion social media accounts all over the world, these accounts makes almost all of the countries of the world connected with each other.Social media is a very common in today’s modern world, social media is considered to be one of humanity’s greatest achievements and accomplishments. Never before humans were connected to each other as in today’s world. and almost everybody has a Facebook account, there are about 500 million Facebook accounts. Facebook allow its users to chat with each other, to see each other’s pictures, and to comment on any post. Which is very useful in the business and marketing world.

As a conclusion, throughout the years social networks have become more popular for people to use this social network to share information, business purposes and meet new people, etc. Besides that, social network have become a platforms for business to sell their products and services as it can be a strategic e-commerce plan. Therefore, businesses should take these opportunities to expand their products and services and also their customer

With social networks, companies can develop direct interaction with their customers and above all they can create online word of mouth with the tools providing by social networks.

Since this version of the text is about seven years old, it is slightly outdated when talking about the topic of online communication. The text mentions of Facebook having 30 million users, it now has over 1.5 billion users (“Global Social Networks”, November, 2015). Also, the manner in which the site and company is ran differs from the description in the book of it simply being a combination of individual social networks. The reason I point out these differences is to show how quickly online communication is growing.

Nowadays, companies and organizations are using social networks as a tool of success for their business. However, those companies and organizations are more directed

Facebook’s theory is proven as 92% of the employees would recommend their friend to apply and have a positive outlook of their organization’s future. In addition, Zuckerberg’s, CEO, has an approving rating of 98% from his employees. This process start with the recruiting and hiring process which Facebook pulling talented employees from their competitors like Apple, Google and Microsoft as the appeared in the top five list of former employer for the competitors as the come competitive in the market. A great example with the engagement-focused culture is when a new engineer is hired, the engineer after completing his/her training, as the ability to select his team.

Stroud (2007) says that the ability of social networking sites to generate these huge volumes of web traffic is proof of their huge popularity. Google, Yahoo and News International have bought themselves a presence in the social networking arena. The detailed rationale for these acquisitions differs but all have a common theme of wanting access to the enormous audiences.