Dropbox Mission And Vision Statement 2021 (An Analysis)
Dropbox Mission And Vision Statement: Here is the analysis of Dropbox Mission and Vision Statements 2021. We will be discussing the purpose of introducing the mission and vision statements here. We need to look out are they worthwhile for the progressive growth of this company or not.
So, take a quick look at Dropbox Mission Statement and Dropbox Vision Statement.
Dropbox, Inc is an American file hosting service provider company, headquartered in San Francisco, California. It provides so many services including cloud storage, personal cloud, file synchronization, and client applications.
Established in 2007, Dropbox was founded as a startup company by MIT students Drew Houston and Arash Ferdowsi, with funding support from seed accelerator Y Combinator.
Dropbox has been identified one of the most profitable startups in the United States and the world, with a valuation more than $10 billion. Also, it has been listed as one of Y Combinator’s most profitable ventures to date.
Dropbox, on the other hand, has courted controversy and criticism over matters such as security breaches and privacy issues.
The concept of Dropbox for hosting service providing business is popular and praised by all over the world.
Dropbox organizes files in a centralized location by constructing a separate folder on the user’s machine. The contents of these directories are synchronized to Dropbox’s servers as well as other computers and smartphones where the user has installed Dropbox, ensuring that the same files are up to date in all devices.
Dropbox operates on a freemium business model where users are provided a free account with a fixed storage size and paid subscriptions that allow more efficiency and additional features.
Dropbox Plus users get two terabytes of storage space, as well as extra features including enhanced sharing controls, remote erase, and an optional Extended Version History add-on.
Dropbox has desktop applications for Microsoft Windows, Apple macOS, and Linux laptops, as well as mobile applications for iOS, Android, and Windows Handset smartphones and tablets.
Dropbox achieved this massive success following by the corporate statements throughout the journey from its creation.
Dropbox, Inc. Overview
Dropbox developer, Drew Houston came up with the idea of Dropbox, after constantly losing his USB flash drive as a student at MIT. In 2009, he told in a post on the Dropbox site, that current services are suffering so many problems such as issues with Internet congestion, massive documents, malfunctions etc. which made him think too hard. On the other side, it inspires him to make such a concept of Dropbox.
Houston created Evenflow, Inc. in May 2007, behind Dropbox, and it soon received seed funding from Y Combinator. Dropbox was publicly unveiled at the annual technology conference TechCrunch Disrupt in 2008.
Dropbox’s official domain name was “getdropbox.com” until October 2009, due to copyright lawsuits between Proxy, Inc. and Evenflow.
Dropbox acquired Mailbox, a popular email app, in March 2013, and launched Dropbox Carousel, a photo and video gallery app, in April 2014.
Mailbox and Carousel were both discontinued in December 2015, with key elements from both applications incorporated into the standard Dropbox service.
Dropbox Paper, the shared document writer, was publicly unveiled in October 2015, as part of a reported push to extend its operations to companies. Dropbox had 500 million subscribers as of March 2016.
In an interview on October 2011, with TechCrunch’s “Founder Stories,” Houston clarified that during Dropbox’s early days, a demo video was posted, with one viewer being Arash Ferdowsi.
Ferdowsi was so inspired with his idea that they decided to collaborate. In terms of competitiveness, Houston said that it was easy for him to justify the theory, but really very difficult to do.
In this way, Drew Houston and Arash Ferdowsi founded this company and started their journey to achieve their future goals.
The company is a thriving multinational enterprise with 14.3 million paid customers. Under Armour, Expedia, Arizona State University, Spotify, News Corp, National Geographic, Hewlett Packard Enterprise and University of Florida are among the top clients.
Dropbox offers services like File sharing, Cloud storage, Productivity tools, Team collaboration software etc.
The concept of Dropbox is popular and demanding as it offers world’s first user-friendly workspace which helps to develop products that minimize busywork, allowing users to stay focused, coordinated, and in touch with their teams.
Dropbox integrates all of the resources and tools you use at workplace, making it easily available. No more flipping between sites, applications, and content types. A smart workspace enables you to use them all in a single place.
That’s why, it became one of the largest file hosting service providers across the world.
Dropbox’s consumer numbers have increased steadily since its introduction. It reached the one million active usage level in April 2009, then two million in September, and three million in November. And within 2016, it crossed over 500 million users seamlessly.
Dropbox launched “streaming sync” with its computer applications in July 2014 and in August 2015, it announced the release of “Universal 2nd Factor” USB security keys, enabling two-factor authentication for logging into its services.
Dropbox has been successful in the previous three years and had no debt, as of February 2021.
|Name of the Company||Dropbox, Inc|
|Release Initially||June, 2007|
|Industry Served||File Hosting, Cloud Storage, Personal Cloud, Client Software|
|Founders||Drew Houston and Arash Ferdowsi|
|Written in||Python, Coffee Spirit, Go, Rust|
|Available in||22 languages|
|Operating System||Android, Windows, iOS, macOS, Linux, Microsoft Windows Phone|
|Geography areas served||Worldwide|
|Headquarters||San Francisco, California, United States|
|No. of Working Employees||2548 (as of 2021)|
|Current CEO||Drew Houston|
|Revenue||$1.91 billion (as of 2020)|
Significance of the mission and vision Statement Of Dropbox
Dropbox is a well-known company that provides file hosting services. It was created in 2007, with the goal of providing a modernized workspace for professionals through innovative techniques that make file handling and synchronization simple.
Dropbox’s popularity is worldwide due to the use of corporate statements as the key mechanisms for directing its activities.
A corporate vision statement is all about a company’s growth strategy, while a corporate mission statement is all about how to promote that growth.
Dropbox’s mission statement reflects to be established as a dependable organization that simplifies jobs for its customers.
Its mission statement relates to this vision by emphasizing the particular design that make a difference in the working life of individuals and teams.
Dropbox integrates specific core values, such as accountability, to make sure about its target during the entire journey of development.
So, let’s find out the importance of introducing these corporate tools to achieve certain future goals in the following.
The Mission Statement of Dropbox
Dropbox mission statement is “to design a more enlightened way of working.” The corporation mission statement demonstrates that it prioritizes redesigning and enhancing the conditions of workplaces in this modern era.
Its statement includes two main components:
Enhanced working designs
Dropbox offers advanced features such as personal cloud, file synchronization, cloud backup, and client apps. The group is actively exploring and developing innovative ways to make work more convenient and smoother. Professional gets more benefits from its offerings including organized work spaces, less busywork that enhances attention of the workers. In this way, the corporation makes a significant contribution to individual productivity. In reality, its use in groups reduces disturbances and improves work flow.
Dropbox stands for a variety of principles, including adaptability, responsibility, security, and transparency. It enforces these principles to ensure that it establishes a credibility as a trustworthy and dependable supplier. The newly concept of modernized office space, offered by Dropbox made a huge change in the individual life. It supports enhancement and better work flow by offering less busy work and arranged office spaces etc.
The Vision Statement of Dropbox
Dropbox vision statement is “to provide transformative services that transform the way people work.” However, the official vision statement of the company is not presented, it reveals everything that Dropbox has been aiming for, since its inception.
The company has developed one-of-a-kind solutions to meet the diverse demands of its customers. It offers packages ranging from plus to professional, business, and enterprise.
All of these have varying features, with the most common ones such as ability to upload files without worrying about security or delivery issues, as well as smooth convergence of Dropbox services with other traditional resources.
Dropbox’s core values are “accountability, flexibility, security, and trust.”
These principles are enforced by the corporation to ensure that it develops a reputation as a trustworthy and dependable service provider.
Dropbox understands the sensitivity of information from various organizations and entities. That’s why Dropbox has implemented these values to ensure its clients and their security.
So, it has been shown that all the core values and the corporate statements are truly effective for the huge development of this company. These corporate tools are priceless in case of achieving their accomplishments, since its foundation.