Leadership Lessons From The Social Network: Effective Work Habits
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At the point of writing, Facebook is valued to be worth at least $50 billion after the injection of capital from Goldman Sachs and Digital Sky Technologies.
There are also plenty of lessons that this movie can teach us about leadership and team management, and this article is the second part of three.
So in this article, I will share about some work habits that can help leaders reach their potential.
In the movie, Zuckerberg was able to assemble a group of people to help him achieve his goals.
He turned first to Eduardo Saverin to invest in this company because Saverin had the financial ability to do so at this point.
He then went about to task the people around him on their roles and responsibilities.
He knew he needed more people so that he can use their skills and sought more employees.
This is the hallmark of a business leader as he fully understood the power of leveraging.
If there is only one person, he could only do X amount of work, and now has more members of the team, could do more than X amount of work.
Essentially he knew the resources he had around him and set out to find a network of people who could help him reach his goals.
Once you know the resources available, the next priority would be to the composition of your team and use them to plan.
Building of cross-functional teams in this aspect would help as you have a diversity of talents for your team to capitalize on.
Settle for a mediation, if push comes to shove.
In The Social Network, Zuckerberg was advised to settle both law suits through a settlement.
L attorney, said that settlements in the scheme of things might be just a speeding ticket.
Indeed, when you are faced with an impending lawsuit, you confidently think that you have all the answers and solutions to the challenges posed by the other party.
But the truth is, lawsuits, lawyers and the court is unforgiving.
Even when you are under oath, the questions that the prosecutor fire at you will be fiery and intimidating.
Don't fight every fire that comes along your way.
If you learn to prioritize your challenges, we build more time and opportunities for yourself so that everyone in the long term last.
And always remember to document your administration because one day it will save you.
Smart Work.
In The Social Network, Saverin, Facebook's co-founder, was an intelligent financial analyst who profited from oil trading and stocks in school, and he was portrayed as not working smart enough on his assigned task.
Rather than open the possibilities of venture capitalist financing of companies was set on using advertising as the only way to finance the Company.
He travelled daily on public transport such as trains so that he could reach his prospects.
In the movie, you would be able to see how his ideas are often away from Zuckerberg, and these differences are a few reasons that cause them both away.
Zuckerberg on the other hand, was open-minded on VCs funding the company and he saw the possibilities of such leveraging.
And because time equals money, shouldn't you be ensuring that you make money by leveraging on time?
While sometimes the opportune time is important, the question would be, are you open-minded enough to accept such ideas?
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