Mark Zuckerberg, the CEO, and co-founder of the “Facebook” network has accomplished what few people can dream of in the last two decades. Zuckerberg began his pioneering career through thefacebook.com at the beginning of the second quarter of 2004.
So, what can you learn from Mark Zuckerberg’s management in the following lines? Of course, no success is achieved without adversity, and no creative team can exist without facing challenges.
Knowing when to say “no” in business is one of the most important steps you can take because it is an important part of strategic leadership. This rule was taught to Mark Zuckerberg at a young age.
When Facebook was in its early stages, he began developing Wirehog, a program that allows users to share content such as music, video, and text files. This service was integrated into Facebook, and Mark was enthusiastic about it despite Sean Parker, the first president of “Facebook,” objecting to the idea of developing the service.
In November 2004, Wirehog launched as an invite-only site, allowing you to share your files with your Facebook friends.
However, Wirehog didn’t take off as Zuckerberg had hoped; it was difficult to use, and users weren’t ready for it, and Facebook needed Mark’s attention more than ever; so he made the difficult decision to shut down Wirehog.
Mark Zuckerberg did not stop there; he is one of the world’s wealthiest people, with a net worth of $71 billion, thanks to the success of Facebook, but he also created “Jarvis,” an artificial intelligence assistant, after a year of hard work, to turn his home into a smart home.
He posted the video on his official Facebook page to inform the world of his accomplishments, and it went viral, allowing budding entrepreneurs to take their businesses to the next level as well.
What can you learn from Mark Zuckerberg’s management after the success of Facebook?
Everyone notices that Mark Zuckerberg wears the same outfit every day, and the reason for this is that he does not waste time making decisions that do not interest him, and this is an important lesson that everyone should learn: some decisions require a lot of thought, and some do not.
12 successful strategies you must learn
1. Having a clear vision
Mark Zuckerberg’s clear vision was for a more open and connected world, and he stuck to his vision of a product that delivers value throughout Facebook’s growth, pushing himself to make mistakes and take risks.
One of the factors that contributed to Zuckerberg’s success was his willingness to make mistakes and take more risks; he frequently had to undo changes that didn’t work, but this didn’t dampen his pursuit of innovation; so we can expect him to continue to do things that don’t always go well with users.
2. Adapt to situations quickly
When Mark Zuckerberg faced mounting criticism for his privacy claims, he officially announced his surrender to public opinion, granting users more control over their privacy.
3. You should not get involved in everything.
Although Mark is assertive and aware of everything that occurs within the Facebook organization, he always allows his employees to suggest various improvements to the site and does his best not to control everything.
4. Pay close attention to the product
All of Mark Zuckerberg’s innovations advanced his goals of connecting people in the simplest way possible; his philosophy is to move quickly, and the company’s rapid growth has ensured its leadership.
So, make sure you create a culture that encourages innovation, that you have the courage to commit to your vision, and that you devote yourself to spreading the culture that allows you to implement that vision most effectively.
5. Strengthening the principle of partnerships
Most of us probably realize that no entrepreneur can run a company alone. Success is a team sport; Great leaders understand their weaknesses as much as their strengths and bring the right people to form partnerships that drive success. Whether it’s investors, management team, suppliers, distributors, or retail partnerships, partnering with the right people is vital.
6. Don’t sit for a long time at your desk
As I was spending a lot of time thinking about how to connect the world and serve society better, Mark Zuckerberg said that you should not spend more than 50-60 hours a week in the office.Working long hours, according to studies, can actually make you less productive.
7. Concentrate on your goal.
“Once you know what change you want to make, it’s best to focus all of your energies and use all available strategies to make that change happen,” Mark advises aspiring entrepreneurs.
8. Get rid of minor decisions
Mark frequently wears the same gray shirt because he believes that deciding on a color for his clothes can consume a lot of his energy.
9. To be an action rather than a reaction
Mark is regarded as a proactive rather than a reactive individual, and you must know what you want to accomplish during the day and work toward it.
10. That your employees rectify your errors
This may appear strange, but it is a part of Facebook’s culture. If something is incorrect, the company’s employees will correct it.
He enjoys talking about himself, and Mark says, “It’s a little awkward, but it’s good to have employees like them.”
11. Make an effort not to make mistakes.
People spend a lot of time focusing on not making mistakes so they don’t have to regret them, whereas Zuckerberg has another saying that says make a mistake and correct your mistake to get back on track quickly.
12. Calculated and audacious risks
If you look back in Facebook’s history, you’ll notice a string of daring moves made after Zuckerberg took over as CEO in 2012. He dropped out of Harvard to launch the social network. He paid $1 billion for Instagram. He paid $19 billion for WhatsApp because he believed smartphones were the future.