Free Essay

Google

In:

Submitted By najiba
Words 2566
Pages 11
Introduction Google is a company that specializes in internet search and online advertising, and an important player in the knowledge-based services industry. Since its very beginnings, this company has focused on innovation and new ways of doing things more efficiently and effectively, and it has paid off for it. Its Human Resources (HR) practices are no exception either. Under the motif “best place to work for”, Google has become one of the best employers to work for, and has won numerous awards and listings from the best industry analysts. It attracts people from diverse backgrounds with its unorthodox methods of rewards and benefits, and using its innovative methods of evaluation, Google recruits employees with the best “innovative potential”, as the company says.
Knowledge-based industries are dependent on its inputs of technology and human capital, so they face some serious HR challenges. Here recruitment and retaining employees are crucial and a major challenge as employees demand a different type of challenges and work environment than other industries, and also fitting the perfect people according to their jobs is also a major challenge here. So, intensive training and development of employees is important. Because employees are highly skilled and knowledgeable, they enjoy a high bargaining power unlike many other industries. So maintaining them requires a lot effort from the HR departments of the companies to retain and motivate them to be loyal, as they know many trade secrets that would seriously jeopardize the company if the employee defected. So, benefits of this industry are extensive, and include:
Many sorts of insurances, medical, dental, group medical, long and short term disabilities, etc.
Savings plans
Work life balance/employee assistance programs
Flexible work schedules
Transportation reimbursement and many more.
Over the next few pages, we shall try to discuss the ways Google has innovated and adopted ways to meet the challenges of HR it faces.

Google’s approach to recruitment:
Google, through its branding, PR, and recruiting efforts, has made itself well known and attractive to professionals from every industry and university that they have essentially changed recruiting forever. The term “disruptive technology” is what has almost overnight changes the entire technology and marketplace to the point where everyone must pay attention to what that firm is doing. Google has created the same phenomenon in the form of a “disruptive approach” to work and recruiting, an approach so different and so compelling that firms must pay attention and attempt to emulate some of the things they’re doing, they might soon lose some of the very best employees you have.
Google has accomplished something that no other corporation has ever accomplished. In less than a handful of years, they have developed what can be called a “recruiting machine.” Recruiting and the need for it permeate the entire organization. Not just the recruiting function or the HR organization, but the entire company — from the key leaders on down to the entry-level employees. As a result of this culture, not only does Google fund recruiting to the point where the function is in a league by itself, but they have also gone to the extraordinary step of changing the way employees work in order to attract and retain the very best.
Google recruiting is the best-funded recruiting function in any major product-driven corporation. Google’s recruitment has a ratio of 1 recruiter for every 14 employees (14:1). Compared it to the typically much larger ratio of employees to all HR professionals, which is about 100:1.
Google does not only rely on traditional recruitment and selection process, instead they use:
Employment branding. The Google culture is one of legend. Categorized in hundreds of blogs as both everything and nothing, they have successfully created an organization capable of delivering a 1:1 employee/employer experience. From homemakers to finance professionals to cutting edge engineers, Google is one of the top employers with regards to desirability. While the company disdains advertising about itself, it considers the number of blog postings discussing Google’s culture a key measure of brand strength.
Retention. Because Google can create such a unique experience for every employee and can provide an opportunity for professionals to focus on what they do best, turnover is less than 5%. While in the early days stock options might have been the dominant retention driver, employees hired recently receive only market-based pay and marginal stock participation via “Google Stock Units.” They embody the rationale that money isn’t the issue. Their employee loyalty is simply phenomenal.
Employee referral program. The program is designed to deliver a world-class candidate experience, be proactive, and to respond to every referral within one week of submission. While many organizations design processes to meet the organization’s needs, Google recognized that a successful referral program must be designed to meet the needs of employees and referrals first.
Data-driven approach to candidate assessment. The latest innovation from Google’s recruiting function is unique. The search engine company implemented a new assessment tool that relies on an algorithm to more accurately identify candidates that resemble existing top performers. While many companies seek to screen out candidates, the new Google candidate assessment approach enables Google to “include” candidates that might otherwise be overlooked. The algorithm evaluates a much wider range of potential success predictors than can normally be discerned from most resumes. This innovation recognizes and resolves a major flaw inherent to typical assessment methodologies that rely too heavily on academic grades, SAT scores, degrees from “top” schools, prior industry experience, and subjective interview results. A Google approach to motivation and rewards
Motivation is an employee’s intrinsic enthusiasm about, and drive to, accomplish activities related to work. Motivation is that internal drive that causes an individual to decide to take action. Every employee has activities, events, people, and goals in his or her life that he or she finds motivating. So, motivation about some aspect of life exists in each person's consciousness and actions.
The trick for employers is to figure out how to inspire employee motivation at work. To create a work environment in which an employee is motivated about work, involves both intrinsically satisfying and extrinsically encouraging factors. Employee motivation is the combination of fulfilling the employee's needs and expectations from work and the workplace factors that enable employee motivation - or not. These variables make motivating employees challenging.
Factors to Encourage Motivation
These are some of the factors that are present in a work environment that many employees find motivating.
Management and leadership actions that empower employees,
Transparent and regular communication about factors important to employees,
Treating employees with respect,
Providing regular employee recognition,
Feedback and coaching from managers and leaders,
Above industry-average benefits and compensation,
Providing employee perks and company activities, and
Positively managing employees within a success framework of goals, measurements, and clear expectations.
As part of Google’s innovative motivating techniques, Google first and foremost focuses on employee recognition, or a communication tool that reinforces and rewards the most important outcomes people create for your business. When people are recognized effectively, their behaviors are reinforced, with the chosen means of recognition, the actions and behaviors the organization most want to see people repeat. Google has changed work with “20% Time”. Many organizations have changed their pay or benefits in order to attract better workers, but no one has changed every professional job in the company just so that the work itself is the primary attraction and retention tool. Rather than letting work, jobs, and job descriptions be put together by the people in corporate compensation, Google’s founders, HR director, and the leadership team at Google have literally crafted every professional job and workplace element so that all employees are:
Working on interesting work
Learning continuously
Constantly challenged to do more
Feeling that they are adding value
The key element of changing the work so that the work itself becomes a critical attraction and retention force and driver of innovation and motivation is what Google calls “20% work.” For professional jobs it means that the employee works the equivalent of one-day-a-week on their own researching individually selected projects that the company funds and supports. Both Google Groups and Google News products are reported to have started as a result of personal 20% time projects. In addition to being an attraction tool, it also keeps their retention rate high. But its greatest value is that it drives innovation and creativity throughout the organization.
At Google, innovation is expected of everyone in every function, not just product development. The 20% time, along with the expectation of continuous and disruptive innovation, has driven the company’s phenomenal success in product and service innovation. Yes, in this rare case, HR activities and policies are actually driving corporate business success.
Google provides extraordinary benefits, which are not only to attract potential applicants during recruitment. Instead, these benefits are also designed to encourage collaboration, to break down barriers between functions, and to stimulate individual creativity and innovation. These benefits do attract some of the “wrong people,” that is, talented individuals who are seeking benefits rather than an opportunity to do their best work, which creates a screening challenge. To encourage innovation also needs a strong “employment brand” and jobs that are designed to continually challenge and grow employees. A partial list of Google’s benefits include:
Flex hours for nearly every professional employee
Casual dress everyday (and this goes well beyond business casual)
Employees can bring their dogs to work, everyday
On-site physician
On-site dental care
Health benefits that begin as soon as an employee reports for work
Free massage and yoga
Shoreline running trails
Stock options everywhere
Free drinks and snacks everywhere (espresso, smoothies, red bull, health drinks, kombucha tea, you name it)
Free meals, including breakfast, lunch and dinner (some have described this as a feast with multiple locations and world-class chefs, including one that cooked for the Grateful Dead)
Three weeks’ vacation during the first year
Free recreation everywhere, including video games, foosball, volleyball and pool tables
Valet parking for employees
Onsite car wash and detailing
Maternity and parental leave (plus new moms and dads are able to expense up to $500 for take-out meals during the first four weeks that they are home with their new baby)
Employee referral bonus program
Near site child care center
Back-up child care for parents when their regularly scheduled child care falls through
Free shuttle service to several San Francisco and East and South Bay locations (San Francisco is 45 miles away from the main campus)
Fuel efficiency vehicle incentive program ($5,000 assistance if you buy a hybrid)
Onsite dry cleaning, plus a coin-free laundry room
A Friday TGIF all-employee gathering where the founders frequently speak
A 401k investment program
A “no tracking of sick days” policy
Employee interest groups (formed by Google employees, these are all over the map and are said to include Buffy fans, cricketers, Nobel prize winners, and a wine club)
An onsite gym to work off all of the snacks
There are also some factors which are not so familiar to all about Google. Like : Transportation system: They provide this system. They use bicycle as their primary mode of transportation. Movie nights: Google can rent theaters for the day . As an extra benefit employees get to bring a guest. Goo-goo googler;s: Google moms enjoy up to 18 weeks of paid maternity leave; dads get 7 weeks. Google’s own Facebook : Google’s internet provides all the corporate information like benefits, newsletters and employee handbook . It provides companies employees photos. Google air : Company has recently installed special environmentally, friendly air filtering system designed to flash out the toxins . Google’s fools : It’s company tradition to design elaborate pranks to play on its users and potential employees in April 1st. Employee class : There are many clubs within the organization like Global Woman Engineers, GLBT . Google’s grand entrances : The entrance to the company’s New York’s head courters are very impressive . Its got a huge all-Lego logo built by a certified Lego designers along with a six foot model of the Empire State Building build by Google engineers. Free food, Google style : Googlers are a well-fed bunch: The company even has a rule - workers can never be more than 100 feet away from food. Conclusion
Though Google is very famous as a great employer there are many pitfalls in the HR practices of this company. Much of its recognition comes as a result of programs and ideas that originated by out of the HR policies. There is a lacking of its ability to follow on the job performance on new employees. Though the functions of Google is innovative but there is no formal strategy. Most of the people comment on its slow screening, recruiting and interview process. Because of hiring too much contingent employees they suffer from less experienced employee.
Though it has made a collegiate atmosphere expert says that “all the perks made provided by Google mean business.” So as it’s a well- known organization to work but it has also some factors which should be deal with care.
Google is in the middle of what is often called a “brain drain” – some of its best and brightest workers are leaving the firm to go join other companies. Google’s plan to try to stem this exodus of talent is a typical Google solution – they’re going to try and solve it by crunching numbers. Unlike many IT firms, Google has both the data and the processing power to attempt this.
Google plans on using data that they’ve collected from surveys and peer reviews in order to discover which of its employees feel underused. This may sound a little far fetched, but eventually all companies will be approaching HR issues this way.
Former employees reveal that people are leaving because many employees don’t feel that their efforts will make the same amount of impact as the company matures from its startup days. Compounding the problem is the fact that Google does not appear to provide much in the way of formal career planning. Often these tasks would be addressed by a company’s Human Resources (HR) department, but it appears as though Google’s HR department is viewed by many as being quite impersonal.
As amazing as it may seem, the answer to Google’s problems is actually very simple – hard to implement, but simple to describe. What they need to do is to put their customer first. By clearly communicating to the entire company that Google exists to serve their customers, a great deal of other staffing problems will fade away.
One of Google’s biggest problems is that they have not found a way to keep their employees engaged. This isn’t surprising because Google dominates its market and so it doesn’t have any big competitors to use as a rallying cry.
Making its customers first would allow Google to focus its staff on a single goal that would extend throughout the company All of a sudden every employee would have a way to measure the value of his/her work. Once again, this wouldn’t necessarily be easy to do, but it’s the right thing to do. If you can figure out how to do this with your IT department then you will have found another way to apply IT to enable the rest of the company to grow quicker, move faster, and do more

Similar Documents

Premium Essay

Google

...1) In 2013 Google was the leading Internet search firm. Google owned 67 percent market share in search from home and work computers and a 97 percent share of searches performed by mobile devices. The two main competitors for Google in the search engine industry for market share is Microsoft Corporation’s Bing and Yahoo Inc.’s search. (Blystone, 2015). Google is well known and a leader in the search engine industry that the company became a verb. When people search for something on the Internet such as for a recipe they say, “ I goggled the recipe” (Blystone, 2015). The competition in the search engine industry for Google does come from the two related search engines yahoo search and Bing. However, the major competition in the search engine industry stems from searches with in websites and apps that offer more than just searches, such as Amazon, Inc. and Facebook, Inc. For example, Facebook Inc.’s CEO Mark Zuckerberg articulated that the company’s assets could be used to compete with search engines. Facebook Inc. can compete with search engines by the website uniquely being positioned to answer questions people may have such as, what sushi restaurants my friends have been to recently and liked? These query-based searches that can be done on Facebook potentially offer consumer something they could not do anywhere else (Blystone, 2015). Apple Inc. also created feature and operating system on their iPhone, iWatches, and Apple TV Siri that acts as a virtual personal assistant. With...

Words: 2270 - Pages: 10

Free Essay

Google

...MGT500 Aug 06, 2011 Essay Questions: Google Case Study 1. Do you think Google will be able to maintain its entrepreneurial culture in spite of its recent growth and increased size? Why or why not? It appears that Google will maintain its entrepreneurial spirit at least for the foreseeable future. Google now employs over 28,000 people around the globe and as of February this year, maintained a market share of 65.6% in the search engine industry (Kell, 2011). On top of this their additional product lines are impacting the market on global scale such as Gmail and Google Maps, making Google a major player in the technology sector. However, even with all explosive growth, Google recently confirmed its desire to maintain its entrepreneurial roots. As stated by Google CFO Patrick Pichette, “With scale there always becomes this tension of how do you keep the start-up philosophy, we don't want to lose our start-up philosophy" (Millman 2011). The question then becomes not do you want to remain entrepreneurial, but rather how do you maintain it. When the size of an organization reaches 28,000 it is inevitable that a more bureaucratic model becomes necessary to maintain organized operations. With bureaucracy and the stability it brings, innovation and flexibility tend to suffer. However, Google has proven it can maintain and grow revenues even while it aggressively expands the size of its operation. This is demonstrated by Google continuing to reinvent itself with new products...

Words: 1130 - Pages: 5

Free Essay

Google

...each phase there’ll be a crisis that will cause the growth to stop. Thus, this crisis needs to be solved for the company to continue growing. Applying this model to the Google Corporation, we notice that during Phase1 (creativity), the culture that Larry Page and Sergey Brin start as the founders largely influences the leadership within the company. This culture is designed to encourage cooperation and rapid idea development. As the company enters phase 1, the founders feel the need of a strong manager who has the necessary knowledge and skill to introduce new business techniques. Page and Brin hire former Novell CEO, Eric Schmidt, as Google’s CEO and the company starts hiring more managers with experience, reducing the number of direct reports per manager. Then Phase 2 (Direction), the company starts to grow again with new capable managers in place. At the end of this phase a crisis develops from demands for greater autonomy on the part of lower-level managers. Google found that the solution would be through delegation. In phase three, Google managed not to lose control over everyday operations by having all the managers get in one room and talk through a consensus decision-making process. Hence, the Phase 3 (Revolution) is under way when top management seeks to regain control over the total company. Google was able to overcome this problem by putting additional effort into reporting up and communicating in all directions through the use of special coordination techniques and...

Words: 483 - Pages: 2

Premium Essay

Google

...Google 1 Google Modern Business 07.12.2013 Jawaher Al Maari Rana Al Khunini Ghalia Al Othman Fahdah Al Jebali Nada Al Jeraisy Hanan Al Yemni Supervised by/ Miss Ghada Al Mazroa 2 Google Table  of  Contents   3 3 4 4 4 5 5 5 5 5 6 6 6 6 6 7 7 7 7 7 7 8 8 8 9 10 11 11 12 INTRODUCTION PRODUCT  SERIES GOOGLE  SEARCH SEARCH  FEATURES  DEVELOPMENTS TIME  LINE GOOGLE  THE  COMPANY ·  1995 ·  1997 ·  1998 ·  1999 ·  2000 ·  2001 ·  2002 ·  2004 ·  2005 ·  2006 ·2007 ·2008 ·2010 ·2011 ·  2012 ·  2013 15TH  BIRTHDAY GOOGLE’S  CHALLENGES GOOGLE’S  TRANSLATION  PROBLEM GOOGLE  FIXED  THE  PROBLEM OUR  OPINION CONCLUSION REFERENCES Google 3 Introduction Google Inc. was born in 1998. Larry and Sergey the founders of “Google” named Google a play on the word “googol,” the mathematical term 1 followed by 100 zeros. (Google inc. ) Google Company went through a lot and began in a noticeably young life. Ever since Google was founded, it has grown to serve Millions of users around the world. Product  Series   When Larry and Sergey were only a Ph.D. students at Stanford University. They combined Google as a private owned company. However, an initial public offer took place afterwards on August 19,2004. Afterwards, Google moved to Mountain View, California. Their head office was placed there with the nickname Googolplex. It grew intensely since incorporation has triggered...

Words: 2247 - Pages: 9

Premium Essay

Google

...Company Overview In the beginning, Google was nothing more than a research project developed by two Stanford graduate students. In 1996, Sergey Brin and Larry Page had developed a search engine with a unique method of ranking search results. As the need for a relevant search engine on the internet became clearer and clearer, Brin and Page registered the Google.com domain in 1997 and officially formed Google, Inc. on September 7, 1998. Google had an advantage over other search engines at the time because their search results were ranked in a relevant manner; based on the number of sites linking to each specific page. Because of the high quality search results and their simple approach to searching, Google’s popularity has grown substantially over time. Along with their growth in popularity, Google has grown to employ more than 10,000 people worldwide, while also being ranked as the best company to work for by Fortune Magazine. The term ‘google’ was derived from a misspelling of the word ‘googol,’ which refers to 10100, and the name stuck. Also, due to the popularity of the world ‘google,’ Merriam-Webster added the term to their dictionary defining google as “to use the Google search engine to obtain information on the Internet.” As ‘googling’ things became more commonplace, Google’s revenues grew tremendously through the use of advertisements. Although Google’s advertising revenues have risen every year in the past five years, Google went public on August 19, 2004...

Words: 1127 - Pages: 5

Premium Essay

Google

...Journal of Case Research in Business and Economics Google: searching for value Ronald Kuntze The University of Tampa Erika Matulich The University of Tampa ABSTRACT Google is a company well known for providing a unique work environment for employees that provides plenty of benefits. However, these benefits come at a significantly higher cost structure. Are these costs worth it? How does providing value to the employee also provide value to the firm and to the customer? Can employee value be sustained during recessionary times? Keywords: Google, value, employee benefits, human resources Google: Searching for Value, Page 1 Journal of Case Research in Business and Economics Introduction The Google search engine has become so popular that it is now listed as a verb in the dictionary (Merriam-Webster 2009). The American Dialect Society members voted “Google” as the most used word of the year 2002 (Google, Google Milestones, 2009). Co-founded by Larry Page and Sergey Brin while students at Stanford University, Google was incorporated as a privately held company in 1998 (Google, Google Milestones, 2009) and is a textbook example of modern ‘employee-centric’ policies and benefits. Google has come a long way from its modest beginnings as a university project called the Backrub (Google, Google Milestones, 2009) to a billion-dollar company; but they have retained the collegiate vision of creative campus-like corporate environs and unparalleled employee perks...

Words: 4008 - Pages: 17

Free Essay

Google

...Google mission and Business model Google mission statement is very simple and clear. “Google’s mission is to organize the world’s information and make it universally accessible and useful”. Their vision for google is to make the search engine commanding so that understand “everything in the world” (Google) Google’s business model is Business Model Canvas. This model provides key information on the strategy of Google’s business. Google who is recognized as one of the top leading technology company in the world and one of the most widespread search engines on the internet that is used by many. Because Google is one of the most widely used search engine which attracts advertisers to Google services in order for them to reach a higher populated online users. According to investor.google.com, Google reported consolidated revenues of $18.10 billion year ending 2014. The network paid clicks are ads served on Google relating to ads increased 14%. Another stream of income that Google generates is from Cost-Per-Click which is when advertisers pay each time a user clicks on their advertisement. This also increased by 6 percent in the 4th quarter of 2014. Google will continue grow and revolutionize its business model as technology consistently change and people become more creative. The people who work for Google are those that do not have a single mind set. They must have the capacity to manage different task and those that have the potential to be future leaders....

Words: 679 - Pages: 3

Free Essay

Google

...3/3/2016 Google: The World’s First Information Utility? ­ Springer 4 How Google innovates Innovation at Google has been internally focused on building an IT infrastructure that is robust and enables easy creation of new products and services. Going forward, the information utility will require more externally­ oriented innovation focused on supporting external developers and customer applications. But how does Google foster the innovation that leads to new applications? This is an important question because most companies cannot expect to imitate its IT infrastructure, but they can imitate its innovation strategies. Google uses the following four strategies. 4.1 Explicit focus on R&D Google’s extraordinary revenue enables it to have a luxury few firms can enjoy today – an R&D lab that focuses on developing revolutionary hardware and software ideas along with complementary services. More than one­half of the company’s employees are engineers and scientists, and there might be hundreds of projects in development at any given time. Many prototypes are made available on the lab’s website for the interested public to download and try in the beta stage. By launching these beta products and services publicly to be tried out, Google can see which ones take off, get feedback, and incrementally improve them without having to scrap a product that might take off with further development. 4.2 Acquisition of talented people Google is among the most active high­tech companies in hiring top ...

Words: 1380 - Pages: 6

Free Essay

Google

...Google Google is founded by two Stanford University Ph.D. students, Larry Page and Sergey Brin. Google the search engine original named is BlackRub. It takes the name from a play on word Googol- the number 1 followed by 100 zeros, a reference to huge amount of data online. Google mission was: “to organize the words information and make it universally accessible and useful.” In recent year, Google had expand to many different field and become a multinational technology company that specialize in Internet-related services and products. Which is include online advertising, search, cloud computing, and software. Advertising is one of its main source for profit. Google’s is well positioned in demographics because it has a relatively young userbased. Nowadays, when people asking someone about something that they don’t know, the first word that come to their mind right away is “Google.” This is like a magic that will solve most of the problem. Even when I’m doing most of my research paper, Google is the place that I will go to. Google’s recent stocks are relatively low in a few weeks. However, Google are not really affected by this because most of it profit are coming from the advertising. We can said that Google is well-positioned compared to the downturn of the economy. Google’s political and legal is not going well with some legal issue. Google has faced concern on copyright issues because the company stores copies of third party web pages and images on their servers. In order...

Words: 1011 - Pages: 5

Free Essay

Google

...Google is probably the most popular search engine used these days. However, are you familiar with the personal data Google collects about people? According to Google’s privacy policy, they collect user data, like personal information that users give them, sign up information, such as, name, email address, telephone number and credit card information, as well as information about the devices that are used to log onto their systems. They also collect information about the services used and how they’re used, as well as IP addresses, and events of use like system errors. Google may also ask you to generate a publicly visible profile which may include your name and photo. However, according to Ian Paul, of PC World Magazine, it is not that simple, Google has our day to day habits, by having access to our calendars, as well as our locations and voices. I’m sure after reading the information above, you were unaware such detailed information was being collected. Well one positive note, Google freely admits, they gather this plethora of information, how they gather it, and how they will use it. Google also satisfies our worries, insuring this information is secure. Google states “we work hard to protect Google and our users from unauthorized access to or unauthorized alteration, disclosure or destruction of information we hold” (Policy). According to Dan Rowinski, of Read Write, “Google has one of the largest and most secure clouds in the entire industry” (Rowinski). So how does Google...

Words: 778 - Pages: 4

Premium Essay

Google

...manage innovation and a balanced scorecard of a business innovation model that describes inputs, processes, outputs, and outcome from generating ideas (Module 5, 2013). The innovation process will be ineffective if leaders attempt to measure the wrong things at the wrong time. Yet innovation has to be measured or else it cannot be managed (Davila, Epstein & Shelton, 2013). A closer look at Google Corporation will be done showing what innovation metrics are relevant to their organization and why. Google Corporation Inputs. Tangible and intangible elements that are devoted to a company’s innovation effort are considered inputs (Davila, Epstein & Shelton, 2013). Google has a very unique corporate culture that’s main goal is to keep employees happy and maintain productivity. It has been documented that a large portion of what Google does is based off of data (Bulygo, 2013). Google has created tests that they use to create an environment that facilitates happiness. This is important because happy employees tend to be more creative and productive. An example of this is at Google every employee is served free breakfast, lunch, and dinner. They tested to see what the optimal lunch line is; it was found to be about three to four minutes. If the line was any longer then employees would be wasting time, any shorter then there was not enough time for employees to meet new people (Bulygo, 2013). Processes. According to Davila, Epstein, and...

Words: 944 - Pages: 4

Free Essay

Google

...Executive Summary - The Google IPO The presentation will demonstrate the different types of fund raising process, and focus on the Dutch Auction as why Google chose such method and why our study object chose such method, then illustrate the result by comparing the latest stock price with the original offering price and demonstrating the purpose of raising the equity with the current performance of the company. Case background and Introduction to IPO Google started out as a research project of determining the importance of a website’s based on the number of pages, importance of those pages and number of backlinks by Larry Page and Sergey Brin in 1996. By 1998, the two genius incorporated Google as a privately held company. Along the years of rapid growth of the company, Google decided to go public and released IPO in 2004. IPO process can be divided into 6 stages namely preparation, planning, pre-marketing, marketing, IPO and aftermarket stage. In preparation and planning stage, issuing firm hires an investment bank as a lead underwriter which aligns with other firms to form syndicate in order to bear the risk. During the pre-marketing stage, underwriter put together a prospectus which describes full business disclosure, management team and strategy of the firm as a key document when marketing the firm. The IPO price and share allocation occurs once the key investors’ expressed their interest in terms of their intended price and quantity of shares. During the IPO stage...

Words: 900 - Pages: 4

Premium Essay

Google

...Google: New-Product Innovation at the Speed of Light 1. Based on the information in this chapter, identify major similarities and differences between the new-product development process at Google versus that found at most other companies. Google follows only five of the eight steps of the new product development process, which are: idea generation, idea screening, concept development and testing, and commercialization. The new product development process at Google is characterized by being fast, fluent, and without limits. Google encourages their employees to think outside the box and come up with new innovative ideas (idea generation and idea screening step). Then, once they have an idea proposed they send it to testing and start developing their product right away. They are not into having 2-year production and design plans (concept development and testing, and product development step). After this, they try to put a product into use no more than 6 months after development has started (commercialization). In the case of Twitter, they also come up with new ideas and some of them may be put to market without taking too much time developing the product. Similar to Google, Twitter keeps their innovations within the company. Nike is very different to Google. They do follow the eight steps in the new product development and take longer than Google to develop their products. Nike takes longer developing their products because they analyze and study what innovations their...

Words: 282 - Pages: 2

Free Essay

Google

...Google has announced its entry into the Mobile Virtual Network Operator and there are a lot of questions and talks around it. This project can have various outlooks to it. Some can argue that it a possible disruption in the industry as Google will refund, in the form of a credit, any money spent on data you didn't use. That's a significant change from the major carriers, whose revenues depend on charging a flat monthly fee for big buckets of data. Introducing this pay as you go service takes data fees into a new territory. But paying only $20 a month for Fi basics and each additional GB of data at $10, is only worthwhile if you already posses a Nexus 6. Project Fi does not offer any contract model so that means you will have to pay $649 for a 32 GB model, to obtain services of Project Fi. One of the main factors which I observed can play a role in Porject Fi’s adoption rate can be the compatibility with other devices and not only one smartphone. Another factor, which can play a role in Google Fi’s adoption rate, is the connectivity itself. Google has planned to start its project in the United States, and for the areas of the northeastern, which has excellent coverage from T-mobile and Sprint, it is a great deal. But if you move to regions like Montana then coverage can be a problem and hence it can play a role in customers adopting to the service. Another factor which can play a role in the adoption rate of this project is the cloud service offered by Google’s Fi as it...

Words: 626 - Pages: 3

Premium Essay

Google

...explanation of Google……………….…… P. 3 ii. Marketplace assessment of current online microenvironment. …………………………..… P. 4-6 iii. SMART Objectives………………….…………. P. 7-8 iv. Target group of Google Inc…………………...... P. 8 v. Digital Strategies adopted by Google Inc ……… P. 9-11 vi. Evaluation of existing Digital strategies……...…P. 11-13 vii. Conclusions…………………………………..… P. 14 viii. References……………………………………… P. 15-16 Brief explanation of Google Google is an American large business company and software corporation, which operating in several countries around the world. To be more precise, Google specializes in Internet research, cloud computing and advertising technologies. Google develops a huge number of internet-based services and products and its main source of revenue coming from advertising through its Adwards program, which includes local, national and international distribution. Google began as a research project in March 1996 by Larry Page and Sergey Brin, who graduated their PhD Degree from the University of Stanford in California and firstly it based in a fellow student’s garage in Menlo Park in California. In their research, Larry Page and Sergey Brin came up with a plan in order to make a search engine which contains websites according to the number of other websites that linked to that site. The domain google.com was registered on September 14th 1997 and Google began its operation in September of 1998. Also, it must be stressed that Google sold advertisements...

Words: 4490 - Pages: 18