It is also observed that the internet is used to socialize and meet people from various parts of the world. The internet socializing becomes one of the most popular forms after the introduction of social networking websites (Gelfand and Anthony)
Hence it provides an opportunity for the individuals with variously different desires to utilize the social and powerful nature of social media for individual purposes. The family lives of individuals are distracted by indulging in activities that are not considered lawful as well as ethical in marital relationships (Heyn)
It is highly likely that the interactions on social portals result in the form of serious personal and professional damages including divorce. It is also noted that the individuals with a high degree of suspicion are highly exposed to the damages in their private lives (Kim and Jong-Eun)
It is also noted that women take mutual relationships in different perspective and are more likely to indulge in activities of social nature. It is also likely that the alleged nature of interactions result into instigating a desire for divorce (Miller)
The individuals in search of marriage partners often take help from websites. These websites can be online dating providers and web portals suggesting life partners after defining a criterion for desired personal traits (Nissenbaum)
Women are more likely to seek divorce upon reveling of their husbands secret relationships. It is also noted that women are also affected by the fact that they are being cheated by their counterparts (Papadopoulou et
The reasons for divorce are reported as Facebook among one out of five divorces observed in recent years. (Pavie)
Even after providing information it cannot be claimed that person accessing information while being geographically present in different locations is completely informed. The nature of virtual relationships changes after indulging into an affectionate relationship (Rossetto)
The attempts to increase social network in terms of personal and professional relationships enabled individuals to share their thoughts and personal information over these portals. The positive side of the picture can be described in terms of increased maintained of old and new social contacts (Trusov et
It is often characterized by dividing, buying, selling, and combining similar entities and different companies that can exist as joint enterprises. The main aim of mergers and acquisitions is to restructure organizations with the purpose of providing positive value and growth (DePamphilis, 2012)
It is shown that talks about the acquisition as early as last year, but the deal was closed in mid-February. Facebook acquired WhatsApp, a company with an estimate of $300M revenues and 55 workers, for $19 billion (Ember, 2014)
This informed by the fact that immediate disruptions of employees may severely damage the performance of the company. This will significantly result in loss making instead of profits (Ferenczy, 2013)
There are also challenges that are associated with mergers and acquisitions of companies. These challenges include intangible costs, potential devaluation of equity, legal expenses and high costs of the acquisition (Ray, 2011)
Hype Cycle Facebook and the Gartner Hype Cycle Social networks continue to gain the majority of web traffic, media attention and fascination from the public and industry, as both grapple with just what these new platforms mean to them. Social networking is according to leading industry analysts Josh Bernoff and Charlene Li about connecting with and listening to customers (Bernoff, Li, 2008)
Facebook is the catalyst for many people connecting with each other despite decades passing over time; it is for example very popular with baby Boomers who are using Facebook to connect with friends from high school (Bernoff, Li, 2008). Why Facebook is at the Peak of Inflated Expectations on the Hype Cycle From Stanford University professors to investment bankers, everyone is looking to make their fortune on Facebook, whether it be from application development to selling products or services, or consulting time (O'Leary, 2011)
Accomplishing broad differentiation requires a strong and unique value proposition, a feat that Facebook has been able to accomplish through its visionary development of corporate alliances and focus on customer-centric growth strategies. Facebook's acquisition of Instagram is an example of a corporate-level strategy that strongly enhances the Facebook customer experience (Rusli, 2011)
In this regard, the mission statement of the enterprise states "to give people the power to share and make the world more open and connected" (Facebook, 2012). Considering the mission and objectives of Facebook, one can noticeably evaluate that the increasing number of active users in the today's time, which has reached a milestone of more than one billion active users according to the recent research study of the Wall Street Journal (Fowler, 2012)
This vision is again a narrow scope that can lead them to their ultimate strategic goal of growth. For the company, optimizing revenue was not the core objective, as they wanted more and more people to be connected to Facebook that can connect them to their friends and families (Locke, 2007)
However, Orkut and Twitter are few other competitors of Facebook that is being accessed by thousands of users. One of the strengths of Facebook elucidates that it is significantly the leading social networking site and has outshines the major competitor that is MySpace and have millions of active users, which are increasing at an accelerated pace (Sutherland, 2012)
The technological innovations and advancement has left an indelible imprint on the ways of operating business functions. Strategic management, in this regard, is one of the approaches that are put into effect by the organizations top management in order to analyze their vital initiatives and performance in the external environment (Thompson, Cram101 Textbook Reviews, Strickland & Gamble, 2006)