Entrepreneurship Report: Factors Motivating Mark Zuckerberg's Success

This report provides a detailed analysis of Mark Zuckerberg's entrepreneurial journey, focusing on the factors that motivated him to create Facebook. It begins with an introduction to entrepreneurship and then delves into Zuckerberg's background, highlighting his early interest in computers and his role in developing Facebook. The main body of the report critically analyzes the drivers behind Zuckerberg's entrepreneurial spirit, including his willingness to take risks, his passion for his work, and his long-term vision. It also examines the perspectives of entrepreneurial motivation from psychological, sociological, and economic disciplines, providing a comprehensive understanding of the factors that influenced Zuckerberg's success. The report concludes by summarizing the key findings and emphasizing the importance of these factors in driving entrepreneurial endeavors. The report also includes references to the sources used.

Entrepreneurship

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Critically analyse what drives someone towards entrepreneur..............................................1
Factors have motivated them to become entrepreneurs:........................................................2
Perspectives of entrepreneurial motivation from psychological, sociological and economic
disciplines...............................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Entrepreneurship is an activity that is used to set up the new business by taking the
different risk as like financial in the hope to get collect the profit in future. It is processes that
include different activities as like the launching of the new venture, designing of new business
that is initially taken on the business that is more of small level. There are those people that will
be created or get developed by an entrepreneur to make the new business that is too developed to
make the satisfactory change and development in the society (Balven, 2018). These are those
people who have always researched something new and for that exploit different opportunities
that are generated from the market. They have comes with the new ideas and accept the risk and
challenge or the uncertainty that are already makes in the market but as from that as well makes
their sales and larger profit. This report is based on Mark Elliot Zuckerberg who is an American
internet entrepreneur and a philanthropist as well. He is the co-founder of the face book and be as
the CEO of that and also controls the shareholders. He is the co-founded of the solar sail
spacecraft project of Breakthrough Starsho and be the board member as well. This report
includes the diverse standpoints that motivate an entrepreneur as of the prediction of
psychological, sociological and economic disciplines.
MAIN BODY
Critically analyse what drives someone towards entrepreneur
Mark Elliot Zuckerberg was born in the May 14, 1984, white plains, New York he did his
graduation from the Harvard University and as from there is has developed the most famous
social networking service named as Face book. It is a plan of four of the friends named as
Eduardo Saverin, Dustin Moskovitz, Andrew McCollum and Chris Hughes (Bergmann, 2018).
They collectively have more concern towards the new advancement thus they create this
software for the college campus by which all the friend remain in contact with each other for the
rest of the life and in that as the time passes it will get spreader into the thousands of people and
in the year 2012 it crosses to the billion users. The net worth of Mark Zuckerberg is
approximately around $54 billion and it is as per March, 2020. As the age of 23 he become the
self made billionaire at the most youngest age and it is in the year 2007. He is the richest person
in the world and it is as per the Forbes list in 2019 (Yimamu, 2018).
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He is the most influential personality and be the 100 wealthiest people as per Time magazine. His
mother Karen is the psychiatrist and his father Edward is the dentist and was bought in the small
village named as Westchester with his three sisters. He is always like his studies and never gave
from that and also won some prices in the classical studies, mathematics, physics and off course
the astronomy as well (Blaug, 2020). He has his interest in the computer as per the start of his
carrier and he start develops software when he is in the schools. He get that interest from his
father as he taught him the basic programming and from that he get into that and like to spend
more time with the computers and while making the software. He also gets hired in tutor of
David Newman as a software developer and after he get graduate from the nearby college. As
once his father perform his practice in the home and in that Mark Zuckerberg develops the
software through which his dad make the conversation of communication to his office and
named that software as "ZuckNet". Thus as this his teacher also said that children were playing
with the toys but Mark Zuckerberg plays with the software (Bui, 2018).
Zuckerberg launched the Facebook from his residence room and he get inspired by the
name from his scholl at their is he published the student directory and that will be named as
"The Photo Address Book" but as that is developed by the Mark thus that will get changed as
the "The Facebook". He has developed this to get connect with his friends and after that he
provide that software in the different schools by which the school students must get in
connection with each other. He and his friend’s takes a room on leased and that start preparing
that as the office and all get make their investment (Coulibaly, 2018). He always believe that to
make the money is not always be important but in that always close with your loved ones is also
be more important thus they make that change and it is more beneficial. It is the platform that
will helps and create the open communication and the supply of the different information as from
one to another and this is the idea that get attracted him a lot and at last all his friends move
forward to work on their carrier and he always stick with the business and now he is the one that
is not only known but get followed by the number of people.
Factors have motivated them to become entrepreneurs:
 Get grainy: The entrepreneur must have work with more positivism and under that they
have that ability to make the change and innovation with more certainty by which
generate more adequacy (Frederick, 2018). They have more contingency as like when the
people will get performed all their best to make everything more perfection and were
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efforts goes on up then the effort of an entrepreneur will get start. When the belief of
other people will get end by putting all their performance then it will get more
compresses out by an entrepreneur. They are always be more faithful and concentrate
while making the impactful efforts that helps to achieve better and effective achievements
in the life. The Mark Zuckerberg always has more concentrate towards their work and
has performed more delegacy.
 Confront yourself: Entrepreneur is the one that has always faced more challenge and
with that they will always try to get with more sufficiency (Julien, 2018). They have
always raises the limit and bound of all the different faces by which they will work with
more adequacies and with that come with innovatory approach. The challenge is not only
taken up as per the body weight it is on the zeal and motivation that are having within the
entrepreneur. They have nimble the different people that always try to emphasis the
knowledge to make better determination. Mark Zuckerberg is the one that will have
challenge the society and thus more of the people will get uses the software. He get
influenced the society to make better connection with the loved ones and in that they
raise the society living standard.
 Be fanatical: The entrepreneur is the one that has loved their job role and spend the
overall time by sacrificing all the other factors by which they will get try to get perform
the task with more affection. The person who has more passionate about their work they
have crosses on the hurdles with their positive behaviour and with that boost their zeal
and did the work with more perfection (Mahto, 2018). In that Mark Zuckerberg has that
passion from its schooling or at younger stage and thus brings the advancement in their
personal life. He has that passion as from that he start developing the software from
childhood and keep working on their dreams.
 Take risk: The entrepreneur is the one that always takes the risk actually they loved to
take the risk and with that work to get achieved the better heights in the life by getting
more comfort. The maximum the risk the person gain in the life they have worked with
more zeal and thus they get more perfection in the life to get enhance the profitable
interest. Mark Zuckerberg also is more risky as she has the interest towards the software
development at the time when people didn’t have knowledge about the different
digitalisation and software improvement (Mitra, 2019). He become the younger
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entrepreneur at the youngest age and thus gets work with the different semantic. He has
discovered the software at the lower level without knowing the fact that it could be
converted into the most known and followed personality. Thus he has generated more
learners and with that they try to get changed the different prospect of the people by
following the software that is completely more new and advancement.
 Envisage goals: An entrepreneur will get developed the new opportunity by facilitating
the long term goals and with that they will get more determined and with that they get
turned with the better transform (Muñoz, 2018). They have more viewpoints and with
they have generated more generosity to compass that information in effective manner.
Mark Zuckerberg has the long term goals and have believe that his software must get
utilised and valuable for the people to make the better connection with the larger number
of people.
Perspectives of entrepreneurial motivation from psychological, sociological and economic
disciplines
Entrepreneurial motivation defined the state of mind that helps to generate more profit by
keep challenging them. It has reflected the kind of spirit and connectivity that an entrepreneur
has while making and converting their dreams into the reality. Motivation helps an individual to
keep work with more enthusiasm and never fall down work with more zeal and compassion by
which they achieve better heights (Nabi, 2018). The external and the internal factors has huge
impact on the motivation level and act as the resist or companion while achieving goals and that
are as defined below as:
Economic disciplines: It is a discipline that has relative to the economic factor that has
changed the perception and working style as well. It is factors that will keep motivate if the
entrepreneur has that and act as barrier of there is lack of economy. It includes different factors
as like taxation policy, raw material, funds to collect source, investment, availability of
technological advancement, accessibility of the relative data and many other factors as well
(Nambisan, 2018). Mark Zuckerberg has always be more favourable as both his mother and
farther are working and he belong from well educated family thus he never has face that issue.
Sociological disciplines: In this discipline the ethnicity helps to make the venture or a
business that has generate more valuable outcomes. The entrepreneur will measured their
abilities and with that try to recognise the different strength that helps to accomplish the target.
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In this the Mark Zuckerberg has that audacity and self-confidence that makes them different
from the rest. He always looks forward and for that works with more positive attitude that helps
to gain the market attraction. (Parker, 2018). As the time passes he has gained more suitable
benefit and in that it helps to make the better valuation in the society.
Psychological disciplines: It is the discipline that has boost the working style and behaviour
of an entrepreneur and it that they have provide the support the development of the society. It has
been used to measure the changes on the basis of adequate characteristic that sustain to make
ample supply (Suryandharu, 2019). It is related to the need of achievements that is more relative
to the growth and success by which an entrepreneur gets the foresight and then they make the
change within the society. It has been linked with the self reliance by which the conclusion will
get estimated to make the successful modify within the style. Mark Zuckerberg must has that
spirit by which he has his friends, family, relatives and the team workers that has make available
extraordinary sustain and always doing more to achieve his goals.
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CONCLUSION
It has been concluded from the above report that the entrepreneurship is the business that is
managed and controlled by an entrepreneur who has more skilled and creative ideas through
which they can easily make the change in the society. As like the Mark Zuckerberg that makes
the change from his approach and capability and creates the platform through which the larger
people can connect and he brings the socialism for the people.
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REFERENCES
Books and Journals
Balven, R. and et. al., 2018. Academic entrepreneurship: The roles of identity, motivation,
championing, education, work-life balance, and organizational justice. Academy of
Management Perspectives, 32(1), pp.21-42.
Bergmann, H. and et. al., 2018. The climate for entrepreneurship at higher education institutions.
Research Policy, 47(4), pp.700-716.
Blaug, M. and Towse, R., 2020. Cultural entrepreneurship. In Handbook of Cultural Economics,
Third Edition. Edward Elgar Publishing.
Bui, H.T., Kuan, A. and Chu, T.T., 2018. Female entrepreneurship in patriarchal society:
Motivation and challenges. Journal of Small Business & Entrepreneurship, 30(4),
pp.325-343.
Coulibaly, S.K. and et. al., 2018. Economic globalization, entrepreneurship, and development.
Technological Forecasting and Social Change, 127, pp.271-280.
Frederick, H. and et. al., 2018. Entrepreneurship. Cengage AU.
Julien, P.A. ed., 2018. The state of the art in small business and entrepreneurship. Routledge.
Mahto, R.V. and McDowell, W.C., 2018. Entrepreneurial motivation: a non-entrepreneur’s
journey to become an entrepreneur. International Entrepreneurship and Management
Journal, 14(3), pp.513-526.
Mitra, J., 2019. Entrepreneurship, innovation and regional development: an introduction.
Routledge.
Muñoz, P. and Cohen, B., 2018. Sustainable entrepreneurship research: Taking stock and looking
ahead. Business Strategy and the Environment, 27(3), pp.300-322.
Nabi, G. and et. al., 2018. Does entrepreneurship education in the first year of higher education
develop entrepreneurial intentions? The role of learning and inspiration. Studies in
Higher Education, 43(3), pp.452-467.
Nambisan, S. and et. al., 2018. On open innovation, platforms, and entrepreneurship. Strategic
Entrepreneurship Journal, 12(3), pp.354-368.
Parker, S.C., 2018. The economics of entrepreneurship. Cambridge University Press.
Suryandharu, T. and et. al., 2019. The Influence of The Motivation, Leadership and Social
Networking for the Formation of Social Entrepreneurship. International Journal of
Advances in Social and Economics, 1(1), pp.6-15.
Yimamu, N., 2018. Entrepreneurship and entrepreneurial motivation.
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