The more things change, the more they stay the same.

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The more things change, the more they stay the same. This assessment requires you to explain whether you believe this statement is true or not in business context by comparing and contrasting Uber and the Traditional Taxi business. Use at least two peer-reviewed sources. Your essay needs to be precise and concise. Write approximately 300 words, i.e. one-page double-spaced.

 

Sample Solution

The adage “the more things change, the more they stay the same” suggests that underlying principles or patterns persist despite superficial alterations. In the business context, this can be observed by comparing Uber, a disruptive technology company, to the traditional taxi industry. While Uber has revolutionized transportation, many core elements of the business remain unchanged.

One significant similarity between Uber and traditional taxis is the fundamental service they provide: transportation. Both businesses offer a means for individuals to travel from one location to another. This core function has remained constant, even as the technology and business models have evolved.

Moreover, both Uber and traditional taxis face similar challenges and regulatory hurdles. Issues such as driver safety, fare regulation, and competition from other transportation modes are common to both industries. While the specific approaches to addressing these challenges may differ, the underlying problems remain the same.

However, there are also notable differences between Uber and traditional taxis. Uber has introduced innovative features such as ride-hailing apps, dynamic pricing, and driver ratings. These advancements have transformed the customer experience and disrupted the traditional taxi market. Additionally, Uber operates as a technology platform, connecting drivers and riders, while traditional taxi companies typically own and operate their fleets.

In conclusion, while Uber and traditional taxis represent different business models and technologies, they share many fundamental similarities. The core service, challenges, and regulatory environment remain largely unchanged. However, Uber’s innovations have significantly altered the customer experience and competitive landscape. This highlights the interplay between continuity and change in the business world, where underlying principles persist even as specific practices evolve.

Peer-Reviewed Sources:

  1. “Platform Capitalism: How Uber, Airbnb, and Other Sharing Economy Companies Are Redefining Work and Business” by AnnaLee Saxenian (2016)
  2. “The Future of Transportation: How Technology is Transforming the Way We Move” by Nicholas Economides (2018)

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