Uber Uber is a private taxi company that first started in San Francisco in 2009 but currently have operations in over 100 cities worldwide including London and is one of the fastest growing businesses in the world. Uber works as an intermediary to connect citizens with drivers who partner with Uber to chauffeur them to any destination within the borders of the city. The company uses an application available on all smartphone operating systems to connect customers with drivers and therefore becomes a trendy and convenient way for the current urban population. Entrepreneur drivers partner up with Uber using their own cars to become an Uber driver in order to get customers who use the Uber application, while Uber takes out around 10 to 20% of the profit from each trip as commission. In return, because Uber drivers have a variety of cars, Uber offers customers a huge range of services available.
This garnered information is a calculated estimation, as we have interviewed bumblebees and looked for accurate figures to aid our graphs. We have also marked time on the transformation of the market structure after Uber was launched, and have also analyzed the positive impacts of Uber’s API system for their business. With this information, we have offered points on how it’s heading toward the path of monopoly. Lastly, we have explained the flip side of Uber’s inevitable destination, explaining why it shouldn’t be a monopoly, through reasons focusing on exploitation of labour and socio-economic plights of the drivers. Our entire assignment is built on the question: Why are people preferring Uber and Ola to the bumblebee taxicab system?
Acquisition in business is related to how a company obtains technologies needed for its businesses. The acquisition can be achieved internally through R&D process or externally through external collaboration such as purchasing, outsourcing, licensing, alliances and M&A. in this essay, I will be discussing the different types of acquisitions adopted by google for its technology acquisition and development and the strengths and weaknesses of such strategy. I will also discuss how innovation is linked to acquisition. At the end of the essay, I will go through the keys to success in planning for external collaboration and are the reasons that can make such collaboration fails.
The automotive industry, through its internationalized supply chains processes, has been highly affected by globalisation in the last decades. Carmakers try to reduce costs and increase productivity by finding effective global value chains. Thus, they split production stages and target locations where they benefit of commercial advantages (Leech et al., 2014). After the 2008 economic crisis, most of foreign direct investments were made by established western carmakers in emerging markets such as India, thanks to cheap workforce. India became the sixth car manufacturer, and is now a manufacturing and innovative hub worldwide encompassing a major part of the production process (Makeinindia.com, 2015).
Uber’s Robustness & Vulnerability: Uber starts by getting new drivers in an area through marketing teams and depend on the early adapter, marketing schemes like offers and word of mouth publicity to gain customers in a new area, they have been able to implement its business model to more than 330 cities in 60 countries all across the globe, It has 1million drivers and handling over 2 million rides every day which gives us a sense of its robustness. • Uber has a universal appeal to customers across the world, however, it has faced some issues related to legislation and some protests from local groups which even turned violent, there have been issues raised about lenient driver onboarding process. On the other hand, high surge pricing is the main cause of customer’s direct
Also, on the competition with larger companies than Easycar. Finally, the techniques issues of car maintenance and management of the fleet. The most urgent issue to be addressed are the legal problems that have arisen from the posting of pictures of users that delay to return the vehicles. In addition, the dimension of the competing companies could be overwhelming for Easycar, since they are present in more places and have more to offer than Easycar. In terms of the question of maintenance and fleet management could be solved with the application of new technologies.
With a rise in needs and expectations of the customers in India along with the rise in disposable incomes, it was imperative for MSIL to enter into the premium car segment to maintain its market position. NEXA (New Exclusive Automotive Experience) is a retail network under Maruti Suzuki which offers the customers a high-end experience of a premium car, thus focussing on capturing the premium car segment market in the country. 2. Situation Analysis Maruti Suzuki India Limited(MSIL) is a major player in the Indian Automobile Industry and currently holds 47.4% market share in Passenger Vehicles. The Passenger Vehicle segment in India is growing at a CAGR of 10.09%.
Identify the business problems faced by the Tier 1 and Tier 2 companies and provide an appropriate solution for that. 4. Study about the global operating standards and deploy them in the areas of application. By working on this project I get to learn the standards of project management and get an in-depth understanding of each phase of a project life cycle. The goal of the project is to create business models in order to imrpove the management practices in the automotive sector.
India is becoming an increasingly important player in the global automotive industry, both in terms of vehicle production and vehicle sales. India’s has a total population of 1.27 billion out of which 31% live in urban areas. The projections are that by 2026, the total population will be 1.4 billion, and urbanization level will rise to 38%. India has more than 50% of its population below the age of 25 and more than 65% below the age of 35. It is expected that, in 2020, the average age of an Indian will be 29 years.
Untapped international markets 3. Introduction of bikes in the premium segment THREATS 1. Development of better public transport in India 2. Emergence of new players 3. International competition will increase as Chinese companies losing their domestic market will invest more in India FUTURE STRATEGIES FOR HERO 1. Since scooter market is in the demand Hero should launch more scooter variants with attractive features and designs.