Business Leaders - The person who i admire the most PDF

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The person who i admire the most...

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Business Leaders MGT 420 10/25/2020 Diane Hamilton

Leadership one in all the foremost important aspects of that influences the strategic directions taken by organizations. the worldwide leadership arena is teeming with samples of leaders who have had a major impact on the success of their organizations, additionally as others who have brought down otherwise stable institutions. the topic of debate for this paper is Mark Zuckerberg, the co-founder and Chief officer at Facebook, a number one social networking company based In California, US in step with his personal profile on Facebook, Mark Zuckerberg, born in 1984, could be a an American programmer and entrepreneur who cofounded Facebook in 2004 while still at Harvard University and has been the chairman and Chief executive since its inception. The authors’ choice of leader relies on the outstanding achievements of Zuckerberg at his age, likewise because the dynamic social networking industry within which his company operates. During his tenure, Facebook has grown in numbers from the little social network that linked the Harvard students to the biggest networking site, overtaking Myspace in 2008. in step with the NASDAQ exchange, Facebook which operates within the Internet segment was valued at $17.928 billion in 2015, making Zuckerberg, who owns a minimum of 53% of the corporate one amongst the fifth richest people within the world, per the newest Forbes ranking (www.forbes.com). It’s boasts of 1.65 billion users as of 2016 and has a minimum of 13,596 employees. Mark Zuckerberg’s being the young leader he has not written his leadership styles. There are however various interviews discussion additionally as employee confessions that provide a preview of what quite leaser he is. In keeping with Bass (1990), transformational leadership exhibits charisma, provides intellectual stimulation, considers, pays personal attention and respects the subordinates, is visionary and provides inspiration. He loves challenges and debates and also pushes employees to exceed their targets, which make his subordinates work, sometimes

struggling and stressful conditions which make sure that the corporate delivers. an honest example is when the networking site is down; he's known to push engineers to revive service immediately, which can be stressful now and then. a number of his employees, therefore, regard him as ‘tough and fair’ (thebusinessinsider.com, 2012). As someone of his words, he's never intimidated by his board of directors and is usually known to form unilateral decisions if he feels that such decisions would be beneficial to the corporate and its users, highlighting his autocratic side. he's also tuned in to his weaknesses and is usually receptive suggestions ideas from his subordinates, most cases, incorporating their ideas within the decisions that he makes concerning the corporate, which highlights his Democratic leadership element. His greatest achievement is that the founding one in every of the pioneer social networking sites at the young age of 20, and subsequently leading it to become the biggest and most profitable social networking company as of to this point. Over the years, Zuckerberg has also been a number one philanthropist, donating uncountable dollars to charitable causes everywhere the globe including their memorable contribution to education like the Newark public learning institutions and also the Ebola epidemic in geographical region. In 2014, after the birth of their daughter Max, Zuckerberg together with his wife Chan announced a lifetime donation of 99% of their holding at Facebook, a feat never achieved before. Just like any leader in business, Zuckerberg has faced many challenges in ensuring that Facebook attains and retains its position because the leading social networking site within the world. Key among those challenges is competition from indigenous and upcoming social networking sites like Twitter, MySpace, Instagram, snap chat, WhatsApp among others. Capitalizing on the downsides of Facebook from complaints like the content distribution, user policies and also the perception of Facebook to be the location for mostly young and mindless

people whose discussions and posts are deemed not mature enough, privacy challenges among others, have made many Facebook users to terminate their accounts and shift to more ‘mature’ sites like Twitter. Other entrants like Whatsapp have ultimately rivaled the Facebook Messenger, making it a tough task for Facebook to recover these lost users. In fact, in line with a 2013 study on why users quit Facebook, 48% identified privacy concerns because the key reason why they exited Facebook while about 13% disliked aspects of their Facebook ‘friends.’ 14% left because of general dissatisfaction with about 6% concerned about their addiction to Facebook. Legal suits as a results of privacy issues, loss of lives as a result of the usage of Facebook among other challenges also are concerns that the Zuckerberg-led company deals with from time to time. To address these issues, the corporate has instituted strict privacy procedures, allowing users to secure their accounts from unauthorized access, views, and data sharing. Violation of the minimum age policy is now a heavy issue, with a 2011 study on the Monday Journal reporting that Facebook deletes approximately 20,000 underage users as a result of the violation of the policy, which is in compliance with the US child protection laws. Zuckerberg, at the helm of the corporate, has involved within the provision of strategic leadership in trying to make sure that the corporate remains relevant within the face of adjusting user needs and competition from other social networking sites. While the above discussion depicts Zuckerberg as a pacesetter with mixed styles, combining transformational, autocratic and a touch of democracy in leadership, Google leadership is solely transformational, with mostly feedback from employees, clients, and even critics. Led by Larry Page and Sergey Brin, Google’s management style has evolved from a culture of individuals empowerment and independence of thought. Although the leadership structure isn't different from that of other organizations, Google has chief culture position further

as that of Internet Evangelist, with employees enjoying the chance to return up with unique ideas on the way to improve the Google business. the worker time allocation follows the documented time allocation rule of 70/20/10, which supplies employees a minimum of 10% of their time for the generation of latest ideas that might improve or generate new products, with rewards for any new ideas that are generated. The Google management style is additionally anchored on the creation of a novel and enabling work environment for his or her employees, like access to gyms, laundry, snacks, transport, no dress codes, free massages, etc. The compensation package at Google, while it’s not one amongst the very best at geographical area, encompasses attractive benefits like 18 weeks paid maternity leave, six weeks for brand spanking new fathers, payment of half salary for the deceased’s employee salary for ten years among others. This attractive package, in addition to the enabling environment underscores Larry Page’s commitment to making sure that employees attain their highest level of productivity, are motivated and committed to their work, which is obvious from Google’s leadership because the most used program within the world, The discussion above highlights the leadership styles of iconic leaders within the technology world. It shows how their personal drive for results and their desire to influence others to realize their full potential and contribute towards the success of their organizations are instrumental within the success of their organizations at the globe level. At a non-public level, I find both Larry page and Mark Zuckerberg to be significantly different in their approach to leadership, yet strikingly similar in their desire for finally ends up in their organizations by influencing the positive energy and potential of their subordinates. By leading their organizations to the best of the world in their various categories, I find their positive energy, leadership, concern for others and commitment to their organizations as traits that are admirable, which is

adopted if one is to succeed as a businessman within the 21st century, and particularly within the dynamic technology world.

References:

1. Carlson (2012-1). Confessions of a Facebook employee: What It’s really like Working for Zuckerberg. Available at: http://www.businessinsider.com/confessions-of-a-facebook-employee-what-itsreally-like-working-for-zuckerberg-2012-1 2. Charlie Rose (2014) Mark Zuckerberg Leadership Style: Available at http://www.adviseamerica.com/mark-zuckerberg-leadership-style/ 3. Bass, B. M. (1990). From transactional to transformational leadership: Learning to share the vision. Organizational Dynamics, 18(3), 19-31. 4. Nasdaq stock exchange. Available at : http://www.nasdaq.com/...