Mark Zuckerberg, the social network god.
Social networking was already in existence before Zuckerberg entered the market, but, being innovated, made Facebook its own category rather than another website. People of all ages use Facebook, not just the tech generation. Facebook combined the best of email, myspace, and chat but also adds games, groups, events, and secure browsing.
Facebook continually changes to keep up with its users demands. Four years ago, there was no instant chat, let alone video, no ‘like’ button, no friend lists.
But why is this entrepreneurial?
a)Wealth- generated over $4 BILLION this year mainly from advertising.
b)Speed of wealth- Facebook has been popular for the past 5 years and has generated big money quickly
c)Risk- no one could have imagined how high in demand Facebook was to become. People who were risk adverse to the idea must be resentful now.
d)Innovation- social networking existed, but Facebook made it better, faster, and convienent. Most sites have their time and people move onto the next thing, but Facebook keeps innovating itself to roll with changing times to stay in for the long-run.
Entrepreneurship is a risky move but with the right innovation at the right time, wonders happen.
Where would we be today without Facebook? We no longer need to talk to a person in order to see what is new in their lives, nor do we actually need to have an account to recognize the impact that Facebook leaves on the world currently. In that sense, I completely agree with you in that Mark Zuckerberg and his creation of Facebook is indeed worthy of the title ‘entrepreneurial genius.’ In many ways, Facebook has crafted the social network movement in our modern day and continues to be revolutionary with innovative ways to make Facebook more interactive and personal with its users. I don’t think you can talk to many people today whom aren’t Facebook users. Perhaps one of the major reasons why I personally believe Facebook proves to be an entrepreneurial company is that not only did the social network change the way people socialize, but it has also made drastic changes to the way businesses advertise and market themselves. Social networking seems to be the new trend for businesses and organizations, whether it be to ‘Like It’ or ‘Tweet it,’ Facebook undoubtedly helped create this notion.