Running head: ARTICLE ANALYSIS
Corporate scandals are amongst the regular challenges of contemporary governance.
These have affected nearly all business areas, most lately, of course, the so-called disruptive Big
Tech organizations. It appears none of these social media tech organizations are exempt from
scandal. Facebook, for instance, is currently involved in a scandal that involves ‘information
scraping' from consumers for third-party (Brown, 2018). In fact, this scandal is particularly
unfavorable since it is one in a series of ‘faults of judgment' from the company's founder, leader
and CEO Mark Zuckerberg together with his deceptively supine managerial team. As everybody
knows or as we are getting to better recognize and appreciate, theoretically at the heart of the
Facebook corporate model is the assertion that users can trust the firm to look after its data.
Facebook's board seems ineffective in several important areas; firstly on strategy. The business is
not diversified, whereas its current product offerings depend entirely on consumers trust in
information safety and their ongoing confidence in that. Practically all of its income eggs come
from the same basket, specifically advertising.
Facebooks's key stakeholders
Facebook has numerous stakeholders. Stakeholders are people involved and affected by
an organization and its activities. Facebook is a social media company that supports its business
through corporate social responsibility plans that address its stakeholders' welfares. The
company's business affects stakeholders all over the world. Based on the assigned readings and
lecture notes, Facebook's key stakeholders include the users, advertisers, and governments.
The company's online social media service has numerous active users. These users are
the stakeholder group that gets the organization's top prioritization in corporate citizenship, in
view of the company's mission and vision statements. Facebook users are important in corporate
social responsibility since they determine the reputation and attractiveness of the organization's