In: Operations Management
For your company Uber:
(Please answer step by step) (Dont copy/paste information please)
For Company Uber:
Q1-What is your company's innovation process?
Company's Innovation process is as follows:
a- Applying Competitive advantage throughout which helps the company to subdue competition as we offer greater values to our customers(say better services and lower price).
b- Investing more into our R & D which takes us towards betterment of processes,techniques and finally the services.It is also helpful to overcome our competitors.
Q2-What is the life cycle for the company's industry?
Lifecycle for the company's industry:
The Industry has emerged as a clean,smart and powerful solution to deal with the problems of stress on roads and urbanisation.
This industry has got the support of both the technology and goverment and it is developing immensely. Investors are eager to claim stakes with a huge expectation of earning profits.
Convenience is the major factor for the success of this industry.It is found to be an attractive option as it allows it's users to compare prices,having real time updates say the location of the driver and avail the rideshares with lower prices.
The ridesharing technology however is posing a threat to the taxi industry and also causing a declining sales volume for the automobile industry.
Although there are less personal vehilcles seen on the roads but definitely the mileage has increased overall.Thus we can say that the industry has been emerging with a lots of solutions to the people,investors and stakeholders while it can be a threat to the automobile sectors if they do not come up with innovation.
Q3-Which type of innovation does your company use? Explain why or why not you believe this is the appropriate innovation type.
Type of Innovation our company use:
Our company uses Network based business model in which several individuals often called as stakeholders create a joint value proposition with the help of the following:
a- Activities in which our business is engaged in for the purpose of making a profit.These activities are called key activities,e.g. Operations,Production ,Marketing etc.
b- Resources of individuals/stakeholders.
We believe this is an appropriate business model because of the following benefits mentioned below:
a- Increased opportunities.
b- Generation of referrals and good connections.
c- Getting good advice for the business which can help us to raise our profile.
d- Finally,we can end up making good friendswho can become a strong buiding stone for our life,ideas and business.
Q4-What is the company's growth strategy?
Company's Growth Strategy:
Following are the strategies being followed for company's growth:
a- The company gives priority to it's customer and provide genuine solutions to their problems which our competitors fail to notice.
b- Controlling expenses and being cost effective
c-Taking care of employees' satisfaction with not just excellent compensation but also appreciation which motivates them.
d- We believe in expansion and empowering our local managers to make crucial decisions.
e- Understanding the markets and adapting to it's constant changes.
f- Finally,we believe in keeping a simple business model.