Benefits Of A Strong Strategic Plan

Facebook was launched on February 4, 2004 by nineteen year old named Mark Zuckerberg (Carlson). In 2010 it became one of the most popular websites in the world, visited by over 400 million people per month. The sudden popularity of Facebook was so extraordinary, that a movie called “The Social Network” came out telling the story of its development (The Social Network). This site created an innovative way for its users to exchange messages, post status updates, post photos, and join common interest groups. In addition to that users can like and comment on

In nearly every corner of the world, someone cannot walk down the street without seeing someone texting, talking or using the internet. Recent advances in our ability to communicate and process information in digital form— a series of developments sometimes described as an "IT revolution"— are reshaping the economies and societies of many countries around the world (“TECHNOLOGY AND GLOBALIZATION,” 2016). One of the main changers has been Facebook itself. Facebook is possibly one of the most well-known public corporation in our world today. With over 901 million users worldwide and with over 488 million users who access Facebook through the mobile app. It is an essential need for a lot of individuals out there. Launched in 2004 by Mark Zuckerberg, Dustin Moskotvitz, Chris Hughes and Eduardo Saverin at Harvard University, Facebook is now estimated to be worth $200 billion dollars. Facebook has changed the world in positively in so many ways and keeps us all connected to family/friends from anywhere around the world. Facebook and technology are co-related. Essentially, technology was the component that brought Facebook in this world.

Facebook is the biggest social media network on the internet with a massive following which continues to expand. Mark Zuckerberg alongside his college roommates created and launched the world’s most popular social media site on 4 February, 2004. Zuckerberg previously developed other sites for fellow students to

Facebook, which was founded by Mark Zuckerberg in February 2004, is an online social networking platform with the mission of making the world more open and connected. Within a few years, Facebook attracted millions of new users, from 1 million Monthly Active Users to 845 millions Monthly Active Users. Though competing with global and regional corporations in the industry, Facebook kept growing rapidly. With the high expectation of investors, Facebook finally decided to go public. The “Red Herring” of Facebook stated that its goal was to connect all two billion global Internet users. Basing on our analysis of Facebook’s IPO, we would like to give several recommendations on the

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.

First is the advertising. According to the case, we know that the major revenue of Facebook is advertising, which took up 98 percent in 2009, 95 percent in 2010 and 85 percent in 2011. Facebook uses all information uploaded by users to become the property of the firm. By analyzing database, Facebook provides advertisers target customized services and products based on users’ preferences and connections. In its view, the advertising which based on social

A business strategy means by which it sets intent on succeed its desired ends (objectives). It will merely be described as a long-term business planning. Usually a business strategy can cover a period of about 3-5 years (sometimes even longer).

Mortgage, 2016). An important factor to consider is in order for a company to be successful a strong strategic plan is an essential part of the business model. Movement mortgage is a great example of how a strong strategic plan can contribute to the growth and success of an organization.

One of the new phenomena of our generation is Facebook, and with four hundred million users, it ranks first in the 2017 “most famous social media site” chart. Personally, I believe a convenient social media should benefit the people on multiple aspects and Facebook successfully fulfills every category to make a social media pleasing. It all initiated in February of 2004, when Mark Zuckerberg founded Facebook with the ultimate purpose to create a better communicative and connected world. Not only does Facebook allow its users to create and upload their own profiles with photos, videos, and other information about themselves, but also friends have access to profiles of other friends, allowed to comment on their updated status or write on their profile wall. Facebook successfully meets the criteria of privacy, communication, and keeps the reader informed of current events.

To figure out the future of Facebook we need to dive into the past Internet, the fast growth and even faster decline of earlier social networks like Myspace can show us what we should be looking for. It was only May of 2009 when Facebook surpassed Myspace with nearly 70 million users, a number dwarfed by current “populations”, but was newsworthy at the time. Every social network needs one thing, to be cool. The glitches or unused features can be overlooked, but if something’s cool it will gain a huge following. This reason was responsible for Myspace’s success and directly related to its demise.

Andrea Matwishyn” a legal study’s and business professor at Wharton says; "Facebook certainly has a tremendous user base, which is more locked in than any social network before, ustomers stay because the stories of their live photos, videos and status updates are stored on Facebook. And although all of that personal information has value, she notes, advertisers still don't know how to use it. For now, "valuing companies based on customer data is more art than science.

In the present time, people are globally connected through the digital frontier. They are able to communicate directly with each other in seconds. Sometimes, they do it on their smart phones. Sometimes, they go on the computer. Nonetheless, technology’s growth over time has allowed society easier access to information and interaction. Social media platforms have revolutionized modern communication. Facebook possesses a network economy, in which it contains a positive correlation between amount of users and significance. Users benefit as more people connect to the platform. As of March 31, 2016, Facebook has maintained at least 1.65 billion active users monthly (Company Info | Facebook Newsroom). The plethora of users and information given out on

Facebook, a social networking website, has changed the way people communicate with each other. A social networking website is an online platform that allows users to create a public profile and interact with other users on the website. Facebook has even changed our most personal and private conversations and how they are conducted around the world. Since the internet’s birth in 1983, this trend of online communication has been growing. Created in 2004, now registered with more than one billion participants, Facebook’s user numbers surpass even the top four social networking websites combined. According to Wikipedia statistics, Instagram has 300 million registered users, LinkedIn has 200 million users, Classmates.com has 50 million users, and Flickr has 32 million registered users. To be further convinced of the claim that Facebook indeed changes the way we communicate, you would only need to create your own Facebook account and start participating in their social networking experience. Technology and internet usage is fused into every aspect of our society including the style of communication. The launch of Facebook in 2006 also enabled other devices such as touch phones, interactive tablets, and even advanced cars with their own networking capabilities starting in 2007. Facebook is a multibillion-dollar company and is highly recognized for connecting more people than other networks. Facebook’s long-term success can be attributed to providing entertainment, world news, and

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.

exists when the firm is able to deliver the same benefits as competitors but at a