Define Management Theory and Practice 2022

Running Head: MANAGEMENT THEORY AND PRACTICE
https://www.uber.com/in/en/about/uber-offerings/
https://jungleworks.com/uber-business-model-revenue-insights/
MANAGEMENT THEORY AND PRACTICE
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MANAGEMENT THEORY AND PRACTICE
Uber Technologies Inc., is a known name in the American multinational transportation
network and is growing by leaps and bounds. The company has its presence all cross the globe in
countries like Argentina, Bahrain, Brazil, Colombia, Germany, Poland, Qatar and many more.
Uber is one of those few tech companies in the world that has been valued over $70 Billion.
Uber has already received an equity funding of $22.2B and is present in 633 cities worldwide
(Elliott, 2015).
Uber is primarily a ride-hailing company which offers customized mobile or android
application for individuals to book car rides or cabs at their own location with utmost ease and
convenience. Uber has emerged as a one stop solution for answering everyone’s transportation
needs with their varied cab options ranging from Uber pool, to Uber Go, Uber Premium and
Uber Hire Go depending on the number of people travelling and price. However it has
diversified its business prospects and branched itself into multiple service providers like:
Delivering mouthwatering food from varied restaurants around the town at consumers door step
at a pocket pinching price. Uber Eats has received immensely positive response because of its
wide coverage of restaurants and extremely attractive discounts (Stonehem, 2016). The next is
Uber Freight which is a free app enabling users to match carriers with shippers. Uber freight
aims at offering smooth, quick and effective service in the freight industry and helping varied
business houses in their mobility.
After witnessing an unprecedented growth in extending road transportation service
through cabs, Uber aims at strengthening its market position through exploring the realms of air
transport. The company is planning to develop shared air transportation between suburbs and
cities by the year 2023 (Rogers, 2015). The whole team of Uber Elevate is working towards