DROPBOX
Houston did see the chance to develop an invention that would enable the clients to upload their information and orchestrate them instantly. Houston brilliant thought came about as he felt was the necessity for his product as he was forgetting his USB item because he sought to work on the automobile (Eisenmann, Pao & Barley, 2). Another reason that drove him even was the fact that his desktop at home exploded due to the power supply that destroyed his hard drives and he had no backups. As a result of this, he began to build up a sample model of his inspiration that would let its clients to upload their work and have much information space as desired (Eisenmann, Pao & Barley, 2).
In the current business model, Dropbox offers the business clients a software provides a trail for changes in business in actual time of any folder kept in the restricted Dropbox of the user which is considered to be user-friendly. The first key element of the prototype was the ability to access their files through internet connections despite the size or the type (Eisenmann, Pao & Barley, 4). Its key element in a business model is accessibility and simplicity which simplified the complex operations of the business. A high quality of service is another key element. According to Houston quality refers to the safety of information and document and the rate at which the process takes 5. He came up with a program that would operate some innovative technological conception that would update all the changes and offer a local storage of the main file. Another key element in the business model was the release of a single account for all users specifically. This strategy gave the company an opportunity to expand by Trojan horse plan targeting the users (Eisenmann, Pao & Barley 6).
The profitability of Dropbox by June is foreseeable to be positive as I am optimistic about the prospects. The ability of the consumers to understand the benefits that come with the storage cost money that comes in form of online services and physical drives is a factor attributed to its success. The performance of the Dropbox is advantageous as large storage for big files and many files as it is able to overcome the issue of firewalls (Eisenmann, Pao & Barley, 3). The security of the software plays a critical role for the small and the medium-sized companies as they mostly affected with security concerns. As a start up for the security, the prototype caters for the customer worries as they product is supported which offers a positive prospect for the Dropbox (Eisenmann, Pao & Barley, 4). Due to the invention of the good product and the market strategy by Houston he was able to concentrate on the growth of the Dropbox that spearheaded the growing of the market to his own advantage.
The estimation of Dropbox profitability influences the evaluation of the venture’s prospect as a result of the assumptions made from the optimistic prospect. The assumption of the venture prospect projected an annual growth of $2.5 billion Dollars by 28 % in the year 2014 (Eisenmann, Pao & Barley 9). In this estimation, I assumed that the market will be growing at a big potential rate resulting to profitability in the coming years. The MVP of the Dropbox as a new product can be seen to allow the team to maximally collect a large number of clients with little effort. This is evaluated on visionary clients that would be used as a test version before getting in the market.
Work Cited
Eisenmann Thomas, Pao Michael, and Barley Lauren. Dropbox: “It Just Works”. Harvard Business School Publishing, Boston, 2014.
