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And the media then trashes or applauds it. Or they try to save on manufacturing costs and produce crappy products. Facebook.com In addition to Facebook, think Walmart, Google, Apple, and Amazon.Put differently, it's a marathon, not a sprint.
And its stock then soars or plummets.
How Every time a new startup invented something cool, Facebook copied it. And, sometimes, the criticism will be accurate.Some of the immense amount of criticism directed at Mark Zuckerberg over the years has been accurate.
Although in a limited sense, these features might have included "mistakes," the process itself is deliberate.
Because technology and products change. Meanwhile MySpace stagnated as Facebook exploded to 600 million active users.
1 - They emphasized exclusivity in the beginning You would think exclusivity would be a natural cap on success, but the opposite is true. And they'll talk your ears off.Some of the these people may also actually be able to help--doing favors, providing information and suggestions, making introductions, etc.But what these folks won't do is help you produce a better product or service. In Wall Street's view, companies are supposed to focus all of their efforts on creating value for their shareholders (translation: making the stock price go up.
Discuss: Four reasons why Facebook is succeeding in social networking )Out in the real world, meanwhile, Friendster and MySpace were taking the world by storm.By failing to restrict usage until it had the back-end infrastructure in place to support it.Demand for Friendster became so intense that the service slowed to a crawl. If you're going to keep succeeding, you have to grow skin thick enough that they'll just bounce off.When Facebook finally blew past the collapsing MySpace a few years ago, it "won" the social-media race.At that point, it could have settled back and congratulated itself for a job well done.Fortunately for everyone at the company--and its users and shareholders--it didn't.Facebook kept running as fast and hard as it could, putting as much distance between itself and its competitors as possible. Nothing exposes you to the risk of disruption or mediocrity like emphasizing "business" and neglecting the product.The strength of a company has nothing to do with its technology or current products. Quickly. Facebook was hatched by some college undergrads, and started to grow. Secondly, if your company is growing rapidly, it will eventually outgrow some of your early executives--and you'll need to replace them. Great companies are built by focusing on a vision that will create many years or even decades to create. Here are some reasons why--reasons that apply to almost every business. Best Mark Zuckerberg built the first version of Facebook in his spare time in his Harvard dorm room. They will have agendas (the media, competitors).
And the media then trashes or applauds it. Or they try to save on manufacturing costs and produce crappy products. Facebook.com In addition to Facebook, think Walmart, Google, Apple, and Amazon.Put differently, it's a marathon, not a sprint.
And its stock then soars or plummets.
How Every time a new startup invented something cool, Facebook copied it. And, sometimes, the criticism will be accurate.Some of the immense amount of criticism directed at Mark Zuckerberg over the years has been accurate.
Although in a limited sense, these features might have included "mistakes," the process itself is deliberate.
Because technology and products change. Meanwhile MySpace stagnated as Facebook exploded to 600 million active users.
1 - They emphasized exclusivity in the beginning You would think exclusivity would be a natural cap on success, but the opposite is true. And they'll talk your ears off.Some of the these people may also actually be able to help--doing favors, providing information and suggestions, making introductions, etc.But what these folks won't do is help you produce a better product or service. In Wall Street's view, companies are supposed to focus all of their efforts on creating value for their shareholders (translation: making the stock price go up.
Discuss: Four reasons why Facebook is succeeding in social networking )Out in the real world, meanwhile, Friendster and MySpace were taking the world by storm.By failing to restrict usage until it had the back-end infrastructure in place to support it.Demand for Friendster became so intense that the service slowed to a crawl. If you're going to keep succeeding, you have to grow skin thick enough that they'll just bounce off.When Facebook finally blew past the collapsing MySpace a few years ago, it "won" the social-media race.At that point, it could have settled back and congratulated itself for a job well done.Fortunately for everyone at the company--and its users and shareholders--it didn't.Facebook kept running as fast and hard as it could, putting as much distance between itself and its competitors as possible. Nothing exposes you to the risk of disruption or mediocrity like emphasizing "business" and neglecting the product.The strength of a company has nothing to do with its technology or current products. Quickly. Facebook was hatched by some college undergrads, and started to grow. Secondly, if your company is growing rapidly, it will eventually outgrow some of your early executives--and you'll need to replace them. Great companies are built by focusing on a vision that will create many years or even decades to create. Here are some reasons why--reasons that apply to almost every business. Best Mark Zuckerberg built the first version of Facebook in his spare time in his Harvard dorm room. They will have agendas (the media, competitors).