Calm Amid Chaos: Fitbit CFO on Company's Growing Pains

Calm Amid Chaos: Fitbit CFO on Company's Growing Pains

Assessment

Interactive Video

Business, Other, Life Skills

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the journey of a company from its mission-driven beginnings to becoming a public entity. It highlights the challenges faced in establishing organizational structures, especially in compensation and HR, and the process of taking the company public. The speaker shares insights on hiring, team building, and leadership, emphasizing the importance of quick decision-making in a fast-growing environment. The video also addresses stock performance, market perception, and future opportunities in digital health, concluding with a Q&A session.

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason the speaker joined Fitbit?

The company's high salary offers

The mission to improve global health

The opportunity to work with a large team

The advanced technology used by Fitbit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the major challenges faced by Fitbit in terms of employee management?

Lack of a compensation structure

Excessive employee benefits

Too many performance reviews

Overstaffing in the HR department

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the speaker describe the initial state of Fitbit's organizational structure?

Highly bureaucratic

Like a 2-year-old in an 18-year-old body

Perfectly structured

Overly complex

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant change implemented in Fitbit's HR processes?

Elimination of employee benefits

Introduction of performance reviews

Increase in employee salaries

Reduction in hiring

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the speaker address the lack of experience in Fitbit's finance team?

By outsourcing financial tasks

By hiring experienced professionals from public companies

By automating financial processes

By reducing the size of the finance team

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a key factor in managing Fitbit's IPO process?

Cutting down on product lines

Building a team with public company experience

Focusing on marketing strategies

Reducing the number of employees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy did the speaker use to ensure the right hires during Fitbit's growth phase?

Hiring only from top universities

Using search firms and leveraging personal networks

Offering the highest salaries in the industry

Focusing solely on technical skills

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