Mark Zuckerberg-CEO

Mark Zuckerberg• Born: May 14, 1984 (age 30),• Founded Facebook on:  February 4,

2004, Cambridge, Massachusetts.• Net worth: $28.5 billion according

to Forbes• Spouse: Priscilla Chan • Education: Harvard

University, Mercy College• Awards: Time's Person of the Year

Risk-Taker & Creative• “The biggest risk is not taking any risk…In a

world that is changing really quickly, the only strategy is that is guaranteed to fail is not taking risks.”

• MySpace already existed when Mark started Facebook. He took an idea/existing product and improved it.

Akhil

Qualities of Mark Zuckerberg• Focus - When Mark Zuckerberg founded Facebook, a part of him knew where he

wanted his website to go and what he wanted his company to become • Approachable  -  Current Facebook employees laud him for giving them a clear

picture of where the company is and where it’s going.• Believes  in  his  Product  –  Mark Zuckerberg did not sell his company as he

believed in his product and he also believed in his vision• He’s  Transparent  About  the  Company’s  Direction  -  Mark Zuckerberg’s logic is

simple; when you have a great team, sharing your vision is the first thing you need to do.

• He Has His Eye on the Clock - The fact that he didn’t sell Facebook has made him one of the most powerful and wealthiest individuals on earth and of course his ability to buy Instagram for half its asking price is proof enough that Zuckerberg knows when to wait and knows when to move.

Vansh

How he is innovative & independent?• This interview from January 8, 2010 at Tech Crunch with Mark Zuckerberg tells a little

about Facebook's future direction, but more importantly, it illustrates a key belief and a strategic thinking behavior of any leader that wishes to remain relevant and sustainable. Zuckerberg (founder and CEO of Facebook) explains: "We view our role in the system to be constantly innovating and updating what our system is in order to reflect what the current social norms are. A lot of companies would be trapped by the conventions and the legacies of the companies that they have built....We believe it is important to always keep a beginner's mind and think what would be would do if we were starting the company now."

• The two key things are observing and accepting changed social norms. Leaders who wish their organizations to be relevant and in sync must learn to perceive and understand the world as it is, not as they wish it to be.

• Zuckerberg explains the ability of those leading Facebook to ask what we would do today if we were starting Facebook. This is leading backwards from a vision instead of refining and iterating from the status quo. Those that hope to reach a modern and relevant vision by improving in small increments the status quo will miss completely because small iterations are not radical enough to capture current social norms.

Hrusshik

Conclusion on his Leadership style

• A successful leader/entrepreneur always makes use of all leadership styles.

• Employees see him every day, he is busy but always accessible. There are weekly meetings where co-workers and employees present different ideas and questions to him.

Aayush

• He doesn’t position himself above his employees

Leadership styleMark Zuckerberg, the creator of Facebook used all 3 types of leadership styles:1. Autocratic 2. Democratic3. lassies-fraises• He always commands his colleges to complete a particular task, thus

Facebook is all over the world today.• He took feedback from his colleges and made a better layout for

Facebook. He took feedback and put better features which would help people easily connected through the world.

• sometimes he let his colleges make changes to Facebook layout and when they were wired in he did not disturb or correct them.

• He always took his workers as friends and never let the feel as they were working for hi.

Falak