Question

What is your assessment of the strength of competitive pressures stemming from the threat of entry of new competitors into Uber’s market?

Answer 1

Answer

In today world , the uber is one of the most fastest growing ride sharing company of transportation .It has the command to significantly managed the presence in the whole world .The uber is currently spread across 60 countries since it was founded in the year 2009 .The loyality is captured by this compnay within few years.It provide on demand ride to all classes of society.This resulted into the expansion of the market share and providing the more better and improved service.The potential threat of new entrance of the competitors in the market is

• certain problems have arised in the uber organization like the legal issues , -ve preessure around the areas even by the very well government of the countries like India, germany , netherland,thailand ,UK, who made the amrket of uber under the controveries which made the new competitor to be very cautious who are stepping in to the business.
• As the uber is atech based company and it is not easy for this company to stop any form copying by other firms of transportation .Because it is easy to copy the ideas and riding strategies by other companies
• The threat of substitution is always there for the uber .Because the replacement can be done by the competitors by providing all the weakness of uber in to their strength .
• It is not to be denied that the competitors have a strong power in impacting the uber performance using the supplier bargaining power
• There is a need for the improvement of the innovation and research and development for the startegic decision making of the Uber to gain the competitive edge over its competitors .

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