Uber’s ‘retreat’ from China has led to soul-searching about whether the country is worth it. Don’t tell that to Coca-Cola and GM, however, which have found great success in the People’s Republic.
Business Briefing: we’re overusing and underestimating ‘disruption’
The Conversation13.1 MB(download)
Disruption might be a buzz word at the moment but it shouldn't be ignored. It may be impossible to predict but businesses can have stakes in creating it.
E-hailing services have vowed to revolutionise the transportation industry. But they’ve also left city officials scratching their heads about regulations and traditional metered taxi drivers fuming.
It’s a race that’s pitting the motor industry against tech giants and even the ridesharing company Uber. But what will be the impact when driverless cars take to the roads?
Uber did everything right in China. That’s where it really went wrong and why it should serve as a cautionary tale for Western CEOs looking for growth in China.
New technologies do not exist in a vacuum. To succeed, new transport technology needs to match the ways we want to move around cities and be accommodated by laws and regulations.
Carlo Ratti, Massachusetts Institute of Technology (MIT)
Governments too often hinder change, when instead they should aim to foster an organic innovation ecosystem. This is more about bottom-up innovation than top-down schemas.
While there has been a rise in contracting out and ‘disruptors’ such as Uber, employment is an will remain the dominant method of business operation in a capitalist setting.