Executive Summary Uber is an App-Powered on-demand car service provider for smart phones. Notwithstanding its very unique name, investors have begun to take note of Uber during the past year as it has stolen market share from traditional transportation companies. We will analyze the value proposition of its technology and examine the differentiation Uber creates to stay ahead of both potential competition and the various cab laws and regulations across the United States and Europe. Based upon this analysis, we will provide detail to investors about various strategic choices the company should pursue in both the short and long-term. We will address the short-term roadblocks of government regulation as well as what future …show more content…
Taxi and limousine restrictions are largely accomplished on an international basis through use of strictly controlled taxi medallion policies that fluctuate by region. First introduced in New York City in 1937, the taxi medallion license was intended to govern the volume of taxis entering the New York boroughs while creating stability in the economics of taxi fares. The original price of a NYC taxi medallion in 1937 was $1011. Since that time, the taxi medallion value in NYC has continued to grow rapidly over the years surpassing even the Dow Jones industrial average and the cost of oil. As recently as December 2011, two medallions auctioned in New York for over $1 million, and economists predict the value will continue to rise as taxi demand remains constant12. The taxi medallion policy is far from a New York phenomenon, and today is just as common of a practice in major US taxi markets such as Chicago, Washington D.C and San Fracisco, and internationally in Paris and London. The thrust of the controversy facing Uber is whether the legal definition of a taxi and limousine includes an operator such as Uber that provides a reservation arrangement service to customers. Kalanick defends it’s business practices having announced, “Uber does not employ cars and drivers…those companies and their drivers, he says, are required by contract to have all the requisite licenses, registrations and insurance
I believe that the fundamentals and criteria of my strategic approach were pointing in the right direction. I assumed that the high growth potential market was for
Uber as a business have conducted and implemented many harmful tactics and policies. The primary issue that Uber has been deemed harmful are Uber taking and requiring all drivers to accept the percentage cuts. In addition, the higher percentage cuts will be deduct from each earned revenue the driver obtain while driver for Uber. This is a very harmful tactics
This speech well explained the advantages of using Uber. It used a lot of evidence to explain why use Uber can reduce CO2, save more space, save people more time. Those facts will attract more people’s attention, so more people will try to take Uber. However, it spend too much time on the history of Jitney, and the fact that Jitney eventually failed. Uber and Jitney are actually the same thing, and the failure of Jitney will make people start to wonder if Uber will fail too. However, the advantage of Uber is strong, and attractive. Overall, this is a good
Uber Technologies Inc. is a transportation company within a mobile application that has revolutionized the way that people travel in different countries and cities all around
Discuss the strategic decisions that firms in this sector may be facing. What future strategies can firms pursue to try to secure their competitive advantage and long term survival?
The company is currently implementing five short term business strategies focused on delivering results that will prompt company growth in comparison to its industry and its competitors: “(1) driving a competitive top line; (2) generating margin flow-through from improved
After review the information on past and estimated in the future, company, products, competitors and branding, I recommend the following strategy:
I like the idea of using Uber as your example. I personally like using Uber than calling Cab just because it is more easy to have access to them. Using the Uber application, you can track down to see where my driver is at, and how long it takes for them to get to my location. However, for a Cab, you do not have that ability. In the health care profession, I believe there are clinics that allow you make your appointment online rather calling in and set up a date. Something when I call in to make my appointment, I have to wait for at least 5 or 10 mintues, but I saw there is a option at different clinic that made easy for patient to simply make appointment
This writer is also an Uber/Lyft driver for both services. Moreover, this same writer has also been both a Cab driver and a limousine driver at various points of my life. Additionally, at one time being also driven a horse and buggy in addition to training the horses for this type of environment.
A breakdown of our overall long-term strategy as well as the year-by-year decisions and review will follow in order to assess how well we met investor expectations as well as attempting to beat
Hannah A. Posen begins her note with questioning the effectiveness of the existing taxi regulation in the sharing economy era, particularly by forcing the Uber comply with it. The author argues that the existing regulation were enacted in the era before innovation and technology were developed into the level that people could not have been imagined. Therefore, forcing Uber, technology based transportation service company, to comply with the outdated taxi regulation is not the best solution. Instead, she believes that regulator should focus to customer interest and allow Uber to operate under the experimental regulations for safety. According to Posen, the benefit of experimental regulations are flexible and able to evaluate or reshape as more information and data on these kind of services becomes more available in the future.
Bravo! You’ve somehow passed your background check and talked your way through the big interview. Now you’re an official Uber driver! From this day forward your pay depends on the amount of fares you get. To maximize your passengers, you need a perfect five-star rating on your Uber profile. Here is a list of ten tips to gain that perfect score:
• Limousine businesses must offer worker's compensation insurance to safeguard it's employees of the TNC. The State of California just recently decided that Uber's drivers are their employees, as opposed to independent
(Davis, 2015). A peer review was written by Jennie Davis called, Drive at your own risk: Uber Violates Unfair Competition Laws by Misleading Uberx Drivers about their Insurance Coverage, explains that the company, in this case, is misleading and that the firm tell the drivers that they are adequately covered by their insurance with passengers are driving for them as UberX (Davis, 2015). However, in reported cases concerning car accident, Uber was found not communicating with UberX, this omission of the truth lead California State Law to enforce want to be UberX to have insurance the moment they download the app (Davis, 2015). In the end, the Uber Technology, Inc. fail to see give their drivers an understanding of advantages and disadvantages to driving for them, in doing so their empirical history has already misled both employee and consumer (Davis,
Uber is a technology company which provides transportation solutions to its customers by seamlessly connecting riders to drivers via their mobile app. The company was founded in March 2009 by Travis Kalanick who is currently serving as the CEO of UBER and Garrett Camp. The company is headquartered San Francisco, California. The company currently operates in 65 countries and serves customers in 351 major cities around the world . Uber’s current year revenue is expected to close to $10 billion with expected growths of 300% in the upcoming couple of years . During the course of this paper, we will be performing a competitive analysis of Uber using various frameworks like the STEEP analysis, Porter’s five forces analysis, RBV and SWOT analysis.