Wednesday, September 7, 2016

5 Key Business Lessons from Mark Zuckerberg

1. "Find that thing you are super passionate about. That's the guiding principle for me. On hard days, I really just step back, and that’s the thing that keeps me going." –Mark Zuckerberg

Passion: Having the passion will keep you moving even amidst adverse situations. Every obstacle in the way then becomes a learning experience, a stepping stone to advancement. Passion is what fuels perseverance and is one of the key ingredients to success.

2. "I think as a company, if you can get those two things right--having a clear direction on what you are trying to do and bringing in great people who can execute on the stuff--then you can do pretty well." 


People: Establish a culture that encourages creativity and empowers action. It is important to select employees who are the right fit for the company’s culture. Skills could be acquired over time but passion and interests cannot be trained. 



3. “Hackers believe that something can always be better, and that nothing is ever complete. There's a hacker mantra that you'll hear a lot around Facebook offices: Code wins arguments " 

Product: Innovations will bring continuous improvement. Don’t be afraid to experiment and execute your vision in the most effective way. In Mark’s words: “Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.” 

4. “At Facebook, we're inspired by technologies that have revolutionized how people spread and consume information. They encouraged progress. They changed the way society was organized. They brought us closer together."


Purpose: A company built on purpose instills a sense of belonging in both employees and its customer base. Rather than merely building a product, creating a movement, an experience and a mindset amass a much greater following in the long term. 

5.Sheryl has been my partner in running Facebook and has been central to our growth and success over the years." 

Partnerships: When operating a business, consider it a team sport, where teamwork is incredibly crucial for output. Diverse talents could boost                     capabilities while balancing out weakness. Whether they are investors or consultants, a team would help make more appropriate decisions than any one individual would. 


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