Uber's strategy of offering incentives to drivers has several real-world implications. Firstly, it helps in rapid expansion and penetration into new markets. By offering incentives, Uber attracts a large number of drivers, ensuring availability and thereby attracting customers. Secondly, it creates a competitive edge over other ride-sharing services that may not offer such incentives. However, this strategy is expensive and can impact Uber's profitability. It also creates a dependency where drivers expect these incentives, and any reduction can lead to dissatisfaction and potential loss of drivers.
Learn how Uber's growth was fuelled by obsessive product focus, broken rules, growth at all costs an...
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