Question

In: Economics

Can Uber’s business model be applied in other industries globally?

Can Uber’s business model be applied in other industries globally?

Solutions

Expert Solution

Yes, definitely. Uber business model can be applied in other industries globally. Globalisation and technology together has made possible to come up with greater ideas like uber has come up with this two sided Marketplace business model.
On one side it is providing taxi drivers a whole lot opportunity for earning and be their own boss with less control and more flexibility. And on the other hand, it Has made it very easy for the population to not own a car but to hire and planted once and read anywhere efficiently and One time.
Just like Uber other organisations across the globe can use this business model in their businesses as well. Ober success has made it very attractive for other fields like Ambulance medical services, Food deliveries, mails Etc adopting this business model to provide High level services for the customers and also build employment for less skilled or underskilled workers.
Walking through apps for coordinating is now possible with technology and it's getting more and more attractive with uber's successful implementation of the same. Through app the businesses can bridge the gap between the service provider and service consumers. This will also increase the control of service provider to work with respect to their own time convenience. And due to this attractive flexible work time there are many employers always available to work and consumers are always guaranteed to Get their work done.


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