Showing posts with label Globalization. Show all posts
Showing posts with label Globalization. Show all posts

Monday, April 23, 2012

Now what Facebook?

Today, it was announced that Facebook now has 900 million users.

Now what?

Obviously, the growth that the company has seen since it's inception is going to slow then at some point stop and even decline. The world only has so many people with an Internet connection. In addition, since the company is going public sometime within the next month, they are going to have to find ways to grow.

Since the user base has a ceiling that they are most likely closer to, than further away from, they have to find a way to keep increasing revenues and growing.

Their acquisition of Instagram is one way of helping. Expect to see a lot of that in the months and years going forward. Buying up companies that are doing things that either compete against or complement what you do can not only stave off the competition, but allow you to move into new areas to stay fresh and relevant.

But they must also keep innovating. Sure, a lot of people get mad when they make cosmetic changes, or introduce new ways of displaying your information, but they must keep doing this.

Facebook must avoid becoming the next Kodak, AOL or even MySpace. My personal experience with MySpace largely ended when pages became too clunky and would not load properly - if they loaded at all. I don't see that becoming a problem with Facebook, but you never know.

In the case of other large, infamous and seemingly unable to be conquered companies, becoming stagnant and arrogant is what dooms those companies. There are always smaller, more nimble companies looking to take the big guy on the block down. They can't all be acquired. A lot of them fail and fall by the wayside.

However, at some point, Facebook will become the next MySpace. Technology changes. Personal interests and desires change. Facebook won't be able to keep up with that, but someone new in town will.

But to stave that off, they must remain nimble and make smart acquisitions along the way. I think Facebook can, and therefore, they have a pretty good future in the short term.

Monday, February 6, 2012

Why I am writing what I am writing about

I was miserable.

I spent several years working for a giant corporation and I was nothing but a number. I did not like what I was doing and foolishly didn't think there was a good way out or to improve my situation.

So, that lead to a mistake. A big one. I bought what I thought was a good business, but it lead to me being bankrupt at the age of 28. And without a job.

As a result, I am going to try and find my way hopefully doing something I enjoy. This is a good start.

I plan on writing about several things. Politics, economics and globalization will be the main focus. I will also write about my experiences in the professional and political worlds that will give some credence to what I am saying.

Why am I qualified to write about these topics? I grew up in a middle class family outside of a 'Rust Belt' city. I ended up obtaining a Bachelors degree and M.B.A. from a Big 10 school. I've worked for a Dow component company. I had an internship for another through a small company. I've not only worked for a small company, I've owned my own small company. I ran for public office twice, and won twice.

Needless to say, I have done a lot and experienced a lot. I want to put that to good use. I will say things that go against the conventional wisdom and will probably be controversial at times. But there is no use in trying to hide my thoughts or censor myself for no good reason. Enjoy what you read. Hopefully you will learn something. I would love to hear your thoughts.