TABLE OF CONTENTS Significance of relevant resources firm possess.....................................................................3 Significance of relevant capabilities firm possess..................................................................7 Strategies for business operations in Uber.............................................................................9 REFERENCE.................................................................................................................................11
Significance of relevant resources firm possess Uber being a reputable firm possess several tangible and intangible responses. ResourcesImpact of Resources TANGIBLE
Management StaffUbertomanageit'sbusinessoperations possesses 4,50,000 driver across 31 cities driving their independent vehicles ranging intothreedepartmentsnamelyrider responsibleforridefacingapplication, recruitingrider,customerservicefor passengerandsharedrides,driver accountablefordriverrecruitment, managing driver facing app and marketplace overviewinghealthofuberproducts, monitorsituations,developsystemand technologyandmatchvehiclesaswell (Rogers, 2015). Cars Uber possess assets such as Express(Match rider going in same direction and involves marginal waiting time) , Pool(Match riders going in same direction offering door pickup eliminating pickup time), Uber X(Offering privateridesformaximumfourpeople), UberXL(Offeringprivateridesfor maximumsixpeople),UberSelect(Offer ride to 1-4 people along with highly rated drivers), Uber Black(Offer private rides in black cars along with professional drivers for one to four people), Uber SUV(Offer private luxury SUV rides for up to sex people), Uber LUX(Offer luxury private rides in high end cars for people ranging from one to four), UberAssist(servingseniorcitizensand physicallydisabledpeople.Chachap(Low
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Visit doctors, MOTO(providing transportation by bikes)(Means and Seiner, 2015), INTANGIBLE
GoodwillUber developed good brand reputation as they focus on reduce of waiting time of theride helped them develop delight goodwill among it's competitors Lyft, Didi Chuxing, Ola, Grab, Go-Jek, Taxify, Yandex and Careem) retaining it's employees along with the customers that are loyal to the company. Currently they are trusted and serving among total of 63 countries and 785 metropolitan area for their business operations (Chen, Mislove and Wilson, 2015). ApplicationUber ride booking application is the best asset company possess that help in future growth and developmentprovidingimportantdetailto drivers including ride details, segment, driver information, waiting time and drivers location along with estimated . The application also enable function of book now ride later to it's employees and emergency number helpline for it's customers if they feel any pitfall in the process or are violated in any manner and on the other hand the application is as useful for the drivers as it show provides overview of their working hours in a week along with the generated revenue from their business. They further share revenue in predefined ratio set at timeofpolicymaking(Laptevandet.al., 2017).
Significance of relevant capabilities firm possess. Uber for business operations must analyze capabilities of brand to target success for further operations. Market Expansion–Uber launched motorcycle pickup in Paris, delivery service in San Francisco and 7 other cities have ice cream trucks that are limited in place. In the context of market expansion it is identified that in the mid of 2012, Uber introduced its new service and products to customers, Uber X. The main characteristic of this new product was it was approximately 35% less expensive than its luxury car offerings. Throughout, 2010, it grew rapidly as it expands its business in international market. For more supporting this view it is also reported that Uber drivers completed about 15 million trips in around 600 cities across 65 countries. By offering almost 8 ride hailing products it made a rapid growth and market expansion. Uber keeps 25% of a trip's gross fare (Wallsten, 2015). In addition, and in the context of market expansion, in the year of 2016 Uber launched Uber eats which provides food delivery services. By launching new products and services like Uber freight, advancing autonomous technology, it provided attractive facilities and made a growth. Investment capabilities– Uber being a reputed firm has the capability to raise funds from market for future expansion and development by offering it's shares to public. For making growth, it can be said that its innovation strategy was its substantial investment in data science. Investors in the ride sharing companies appeared bullish. There are some investors who spread their investments across the entire industry. The main aim of Uber is it wants to become more than users' first choice for a ride sharing service. By generating revenue growth, it reinvests it into a variety of other variety of expansive ventures. It investment capability in several ventures from scooter and bikes to flying taxis is a sign which shows its growth and ambition (Means and Seiner, 2015). It is reported that, Uber invested more in electric scooter company which names is Lime. In the year of 2017, April it acquired bike sharing service jump. So, with all these resources and data of investment, it can be said that this company is making growth and has a good investment capabilities (Wallsten, 2015).
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Diversification– Uber is rare company having several diversifies products in its range dealing in vast range such as Express, Pool, X, XL, Select, Black, SUV, LUX serving each and every call of users in the society ranging from various prices based on trip length and distance. Initially it offered only taxi services but now it has switched its focus from taxis to electric bikes and scooters with the main aim of expanding its business. It offers several services like food delivery services, ride sharing services, new products expansion like UberX, XL, E-bikes etc. Uber wants to be like Amazon which provides several products and services to customers. By expanding its business in diversified products and services, it can take competitive advantages (Means and Seiner, 2015). Illustration1: Average earning per hour of Uber
Supply Chain Management– Uber has strong network of suppliers help in building quality as well as company can attain better chance of growth opportunities. The company through this practice aims to maximize consumer value to gain competitive advantage among competitors. It has the capability to make its supply chain more digital. By focusing on all main 6 principles of digital supply chain it increased its capability. Some design principles include: connecting supply chain data, balance between supply and demand at the point of need, effectively utilize all relevant assets by elevating visibility, removing non-value added information and sources, able to make instant collaboration and able transparent supply chain (Rogers, 2015). Uber also deals in several other products and services such as Uber eats offering meal delivery from nearby restaurant charging a nominal fee of 4$ along with their involvement in bank Barclay offering Visa, Credit card,, cashback reward points and other incentives. They also deal in matching Uber freight shippers with truckers similarly they match riders with drivers (Wallsten, 2015). Strategies for business operations in Uber Uber to perform business operations must apply following strategy. Differentiation/ Uniqueness Uber differentiated its services from others in business by offering wide range of products and services compared to that of its competitors like boat and helicopters along with other special vehicles making it outstanding among st rivals such as delivery vehicles, motor cycle services, ice cream trucks and keeping a low price tag on usage of it's services resulting in making Uber people's priority and serving in huge demographic area compared to that of its rivals. By using
differentiate/ uniqueness strategy Uber will gain competitive advantage among it's rivals firms and aim to boost business opeartions(Laptev and et.al., 2017).
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REFERENCE Books and Journals Rogers, B., 2015. The social costs of Uber.U. Chi. L. Rev. Dialogue.82.p.85. Chen, L., Mislove, A. and Wilson, C., 2015, October. Peeking beneath the hood of uber. InProceedings of the 2015 Internet Measurement Conference(pp. 495-508). ACM. Laptev, N. and et.al., 2017, June. Time-series extreme event forecasting with neural networks at uber. InInternational Conference on Machine Learning(Vol. 34. pp. 1-5). Wallsten, S., 2015. The competitive effects of the sharing economy: how is Uber changing taxis.Technology Policy Institute.22.pp.1-21. Means, B. and Seiner, J.A., 2015. Navigating the Uber economy.UCDL Rev..49.p.1511.