
Summary
[youtube http://www.youtube.com/watch?v=yql2mwqDN4Y &w=560&h=349&wmode=window&h=349]
There are a lot of stereotypes of millennials. Many perceive them as high maintenance and needy, and companies are struggling with how to manage this generation as it enters entering the workforce. Not so with Facebook. It has millennial DNA, and as the company's Molly Graham points out, "We see the qualities that make up those stereotypes as a good thing." They are all in line with Facebook's values:- Build trust
- Focus on impact
- Move fast
- Be bold
- Be open
Principle #1: You Can Make Anything Better
At Facebook, they don't believe that problems ever get "solved." A good example of this was Facebook's launch of their photo product. They launched it in an incredibly competitive environment among products that seemed to have every conceivable feature. But they felt they could improve the photo viewing experience, which they did, through the tagging of people. As a result, Facebook photos is the most popular photo application around, according to Graham.Principle #2: Fast Failure Leads to Fast Learning
"You have to try something in order to learn from it," says Graham. "Most great things are the result of several previous failures." Facebook employees are hungry for feedback. They always want to know how they can get better. That means fast learning is essential. It may be high maintenance, but that results in a drastic rate of change. The model is simple:- Try it
- Collect feedback
- Make it better
- Repeat