Shareholders are individuals or organizations who own a share from the company and earn a part of the organization’s profit. In Uber, Benchmark Capital is one of the first investors of the organization and biggest shareholder with 13% shares in the company and 20 voting points which represents a high authority for decision making. However, an internal conflict between Benchmark Capital and Travis Kalanick, co-founder and ex-CEO of Uber wherein Benchmark is suing Kalanick due to fraud, breach of fiduciary duty and breach of contract by secreted decisive information regarding organization’s problems from the board in order to attain personal advantages. These issues were "Kalanick's participation in...an Uber executive's alleged theft of …show more content…
(Etherington, 2017) Almost 70 Billion valuation that can easily attract more investors for more expansion.
• Low resources needed- Uber don’t own any single cars or expansion to different cities needs less investments and infrastructures are not needed for expansion.
• Competitive pricing strategy- Uber fare is lower than Taxi which is create a rapid growth in the market. Moreover, Uber use a dynamic pricing strategy wherein prices varies depending on the current demand of the riders and it encourages the drivers to work in a busy hour due to a higher rate that can still maintain the quality of Uber service.
4.2 Weakness
• Uncontrollable service. Uber services relies to the behavior, action, and personality of the Uber drivers. They are the face of the company, where all of the drivers represents the brand of Uber and their interaction to the riders always varies and to set a standard service will be considered an realistic in this organization.
• Extremely dependent on Internet. Uber connects passengers and drivers through internet. Service is greatly affected if a poor or low connection is experienced in an area. (Algrain
2. New bank credit facility, 600 million cash on hand to take advantage of opportunities that may arise
Managers and shareholders are the utmost contributors of these conflicts, hence affecting the entire structural organization of a company, its managerial system and eventually to the company's societal responsibility. A corporation is well organized with stipulated division of responsibilities among the arms of the organizational structure, shareholders, directors, managers and corporate officers. However, conflicts between managers in most firms and shareholders have brought about agency problems. Shares and their trade have seen many companies rise to big investments. Shareholders keep the companies running
CONTROL- Shareholders do not typically manage the company’s business. Instead a board of directors is elected. The board of directors has direct control over the company. A board member can also be a shareholder.
In the novel, the Scarlet Letter, there are four main characters, Hester Prynne, Pearl Prynne, Arthur Dimmesdale, and Roger Prynne Chillingworth. The story goes; Hester Prynne committed the sin of adultery with the minister of their Puritan Community, Arthur Dimmesdale, the community then condemning her to wear the scarlet letter “A” for the rest of her natural life. Pearl Prynne being the product of the two sinners. In the moment, when Hester is completing the first part of her punishment, her long lost husband, Roger Prynne Chillingworth, arrives. Not wanting his arrival acknowledge Roger replaces his maiden name for Chillingworth. This situation creates a whole plot of conflicts both
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
Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 522,225 172,944
The stakeholders are the shareholders, managers, and employees. The current situation has caused a dilemma that affects all stakeholders equally. When the business is at risk, everyone involved should be concerned about the future of the organization. However, the responsibility falls to the senior leaders of the organization to solve the current issues. However, holding 80% of the company’s stocks is concerned not only about the organizations current issues but also with the value of his investment, as he gets closer to retirement. This creates an ethical dilemma due to his personal finances and retirement being directly affected by the company’s performance. In addition, the CEO believes that the status of the organization is not as bad as some of the senior leadership team would say. The shareholders interest is purely profit. The impact of how Huffman Trucking runs the business and implements change has a direct reflection on the company’s image.
Uber, following numerous complaints made by drivers, is rolling out numerous features to give drivers more control. This includes allowing drivers to charge riders who make them wait too long (longer than two minutes), giving drivers control over their requests and even having the ability to place discounts on Uber rides.
uninsured. uber does not solicit tips and is cheaper than taxis. uber drivers do not have to take a
The external conflict for the young man is between the young man and the doors. This conflict is Man vs. Fate/destiny. The young man has to choose a door that will decide his fate. This conflict can connect to the theme of fate and free will because the young man has the free will to choose a door that will decide his
Moving on towards the various pricing strategies, the first pricing strategy is the differential pricing. This is to charge different prices to different target markets, which is usually not considered illegal in the case of services. The prices charged differ according to the types of customers being served for example children and disabled people usually get a discount on ticket prices.
This paper will have a detailed discussion on the shareholder theory of Milton Friedman and the stakeholder theory of Edward Freeman. Friedman argued that “neo-classical economic theory suggests that the purpose of the organisations is to make profits in their accountability to themselves and their shareholders and that only by doing so can business contribute to wealth for itself and society at large”. On the other hand, the theory of stakeholder suggests that the managers of an organisation do not only have the duty towards the firm’s shareholders; rather towards the individuals and constituencies who contribute to the company’s wealth, capacity and activities. These individuals or constituencies can be the shareholders, employees,
Currently the company is holding a large amount of cash and the end of 2006 an amount of 43.743 billion. The company also carries very little debt. They are looking to find a new business to buy and
If the demand from these customers’ change, then Uber will be forced to evolve to retain the customer segment, while adapting to the new segment. According to Anne Freier, in her article “Uber usage statistics and revenue” on Business of Apps, Uber currently offers their service to sixty countries, have eight million users, and give over one million rides daily.1 By offering more specialized rides Uber is trying to gain a larger market share and customize the experience to their customers. They are continuing to expand
The goal of this Service Audit report is to identify how effectively Uber provides services and servicing. It also aims to analyze any service gaps in the context of the customer experience. A service audit from the “customer point of view” was conducted to examine this subject.