Creative Destruction: The Case Of Uber

Student Name Professor Name Course Date Creative Destruction Creative destruction is the process of industrial mutation that changes or revolutionizes the economic structure from within, creating something better and innovative and destroying the old one. In the case of Uber, the company exploited creative destruction through its so-called innovative transportation mobile applications. It is famous for taxi cab hailing, bicycle-sharing, food delivery, peer-to-peer ridesharing, and other similar services. Unlike other transportation firms, Uber experimented with its apps a number of times and tried to bring forth something nice and extraordinarily special. However, some of its applications could not come up with the expectations of drivers and passengers. For instance, the UberPool failed to provide customers with quality services. It not only made Uber’s riders unhappy but also caused various plenty of problems...