Question

How did Uber Digitally Disrupts the Taxi Industry.

Answer 1

Uber has morphed together the fast smartphone world of today as well as finding a massively over-priced market and have completely changed the world know to cab drivers.

Taxi companies should take advantage of their inherent competitive edge of safer reputation and set prices, while improving their level of service, to win back market share.

Uber users are growing steadily as a result of their satisfaction from the short pick up time, the increased convenience and the lower rates, so there is a resulting increase in demand for drivers.

"Uber is the flagship of the sharing economy". The sharing economy's most exposed industries, traditional jobs have not been displaced.

Much of Ubers - success is due to its keeping up with the times, and offering an app for hiring a ride.

Taxi companies can create their own app or join forces to create an e-mail app, similar to Arro in the united states.

Taxi companies must offer this convenient method for ordering a taxi as well in order to attract customers.

For the taxi industry, fighting Uber will be an exercise in futility, although when you've had it your own way for so long, it can be hard to give it up without protest.

Many times a driver would save up their life saving to buy their own medallion, knowing that when they retired, they could sell it they retired, they could sell it and live happily off their investment. Now with the plummeting rate of these medallions, it is getting harder and harder just to sell one as many people don't want to invest in the "dying" taxi industry.