This 2015 case concentrates on the development of Box's management practices as the business grew from a little startup to an organization with over 1,000 employees in five important locations. The online file sharing and cloud content cooperation service company was set up in 2005, plus a decade later it was valued at $2.4 billion.
Throughout that time, Box was evolving its methods and procedures for hiring, compensation, promotions, and performance evaluations. A driving variable in its management practices was the demand to attract and retain top-quality entrepreneurial workers. Nevertheless, as the company pivoted strategy to focus more on the lucrative enterprise market, its management practices needed to evolve in order to attract and retain more seasoned employees with specific expertise in that section.
Box found it need to address concerns that arose as the company grew, including the slower speed of promotions, the changing remuneration mix (cash versus equity) along with the changing company culture as more experienced employees joined the Box team.
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
PUBLICATION DATE: June 01, 2015 PRODUCT #: HR43-HCB-ENG
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