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tick-tock taxi: uber disrupts the industry

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Presentation on theme: "tick-tock taxi: uber disrupts the industry"— Presentation transcript:

1 tick-tock taxi: uber disrupts the industry
Goodman School of Business Presented by: Goodman Consulting Group tick-tock taxi: uber disrupts the industry

2 Challenges of the taxi industry
Safety Shifts Change Slow Service Pay by meter Phone calls: inconvenience Getting Stranded Lack of transparency Problem Analysis Alternatives Recommendation Risk

3 Rationale We have all had past bad experiences with taxi providers, and we feel that Uber is one of the greatest disruptors of the decade. Problem Analysis Alternatives Recommendation Risk

4 Transparency Convenience Problem statement
Uber emerges and creates a disruption for the taxi and public transportation industry Transparency Convenience Problem Analysis Alternatives Recommendation Risk

5 recommendation Problem Analysis Alternatives Recommendation Risk
Disrupt the Disruptor Lower prices Create regional taxi union Provide faster service Use AI mechanism to predict taxi needs Problem Analysis Alternatives Recommendation Risk

6 Effects of uber on taxi industry
Loss of market share Migration of taxi drivers to Uber Changing customer behaviour Problem Analysis Alternatives Recommendation Risk

7 Reaction of taxi industry to uber
Disregard Uber Resistance and Regulations Strikes Copying Uber’s Platform Problem Analysis Alternatives Recommendation Risk

8 Swot analysis: taxi industry
Safety Trained drivers Target wider population (not only tech-savvy) Privacy enabled W Higher prices Low availability High service times O Large amount of taxis are idle T More taxi drivers migrate to Uber Traditional taxis are no longer being used The taxi industry has many core competencies that they should leverage. Problem Analysis Alternatives Recommendation Risk

9 alternatives Copy Uber – Follow the Leader Strategy
Target Non-Uber Users Disrupt the Disruptor Problem Analysis Alternatives Recommendation Risk

10 Follow the trend Pros Cons Always 2nd Choice Low risk Not united
Problem Analysis Alternatives Recommendation Risk

11 Target non-uber users Pros Cons Small share of the pie Niche market
Low frequency Small share of the pie Niche market Problem Analysis Alternatives Recommendation Risk

12 Regain lost market share
Disrupt the disruptor Pros Cons Reinvent Regain lost market share High risk Problem Analysis Alternatives Recommendation Risk

13 Evaluation of alternatives
Alternative 1: Copy Uber Alternative 2: Target Non-Uber Users Alternative 3: Disrupt the Disruptor Potential Growth Ability to Disrupt Risk Management Problem Analysis Alternatives Recommendation Risk

14 Evaluation of alternatives
Alternative 1: Copy Uber Alternative 2: Target Non-Uber Users Alternative 3: Disrupt the Disruptor Potential Growth Ability to Disrupt Risk Management Problem Analysis Alternatives Recommendation Risk

15 recommendation Problem Analysis Alternatives Recommendation Risk
Disrupt the Disruptor Lower prices Create regional taxi union Provide faster service Use AI mechanism to predict taxi needs Problem Analysis Alternatives Recommendation Risk

16 Risk and contingency Risk Severity Mitigation Resistance to change
High Create awareness plan to let drivers know why they should join the union Problem Analysis Alternatives Recommendation Risk

17 recommendation Problem Analysis Alternatives Recommendation Risk
Disrupt the Disruptor Lower prices Create regional taxi union Provide faster service Use AI mechanism to predict taxi needs Problem Analysis Alternatives Recommendation Risk


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