For example, these individuals want to make sure that they are likely to get what it is they want by having a Web presence. This means that they are going to do everything possible to have as many contacts as possible from off the Internet in order to get as much revenue as possible that it could lead to a monopoly. In essence, if a monopoly does occur, then they are going to face breaking the law in the process. Furthermore, privacy issues are concern because of how much of a giant they have become since the inception of the organization as of 2004 (Facebook, 2011d).
By studying Porter's Five Forces, one learns that Facebook is an MNE that is as big as Google. They are constantly growing in all aspects by means of internally and externally. At least hundreds of individuals are on their staff, and thousands or millions use Facebook daily. Each of these gives them much control by causing rivalry, buyer and supplier power, product development and so forth. Regardless, Facebook relies on these, so that they can meet the needs of the community through the Internet as well as their contacts around the world through expanding to new markets (Mintsberg, Lampel, & Ahlstrand, 2005).
Facebook has much strength that is worth mentioning (Kim & Mauborgne, 2005). The organization is able to meet the needs of others by means of creating games, using fan pages, and making sure that they are able to make a difference in the world by allowing a business or individual to advertise on their website. Since the business is so current, their employees are constantly going through continuing education classes, so that they are able to keep up with their target market that is constantly changing. Each person is striving to make the company continue to reach all parts of the world. They started in the United States, and the organization is present in Europe and Asia. However, Facebook is striving to go to Africa and South America in the years ahead. This could take many months and years to accomplish, but the executives have the skills and education to make this possible (Quick MBA, 2011).
Many other fortes are important. Facebook has founders who are Harvard trained, and those that are in management do have an MBA (Facebook, 2011e). With these great minds, they are able to make sure that their organization becomes widespread for all ages. This company has the education and experience to hire individuals that are qualified to work for them. Not only that, but they are located on the coast, so this was strategic in reaching people who were interested in their products and services. These individuals have their weekly meetings in order to make sure that goals are achieved on a regular basis, such as going to other parts of the globe. They have the funds to do it, and each of them makes a difference in making it happen by negotiating to other business professionals. Because of their hard work, one has to note that each of them are doing whatever is possible to grow as an industry. Their examples have encouraged many other social networking sites to emerge, such as Twitter and MySpace. Facebook has rivals and this continues to cultivate daily as new sites enter the market (Marcus, 2009).
The weaknesses are what are holding back Facebook in reaching their full potential. In regards to the biggest weakness is that of privacy (The New York Times, 2011).
Like other social networks, Facebook allows its users to create a profile page and forge online links with friends and acquaintances. It has distinguished itself from rivals, partly by imposing a Spartan design ethos and limiting how users can change the appearance of their profile pages. That has cut down on visual clutter and threats like spam, which plague rivals. It has decisively outstripped other networks that preceded it, like MySpace
and Friendster, becoming what many analysts see as the "default platform" of a new age of information organized around personal relationships (The New York Times, 2011,
para 10).
The privacy issue has become a hot topic over the years. They are trying to define standards for everyone, especially since we are "in the Internet age" (The New York Times, 2011, para 11). As of May 2010, management had set forth new controls in order for individuals to grasp what one can share online as well as with whom. However, their biggest mistake was...
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