Uber’s IPO is on the horizon. Will it impact us individuals?
With an IPO, Uber would transfer its ownership from only a few brave founders and ingenious investors to the larger public. Its activities and clout would transcend from startup folklore to impacting the market and society. The law and regulatory authorities would have to deal with it in a different manner altogether.
In his book, “Management” Peter Drucker has written, “Information technology will of course be important, but it will be only one of several important technologies. The central features of the next society, as of its predecessors will be new institutions and new theories, ideologies and problems”.
Uber runs on an App across continents and cultures. Drivers rate customers. Customers rate drivers. Drivers are suggested routes, eliminating the burden of remembering directions. Customers see their ride charges transparently. Accumulated data helps estimate what type of person each driver or customer is. These simple functions of the App, monitor performance, define work methods and the rewards.
This is a new theory, of using an impersonal App as a management tool. This is a new ideology, of the App transcending cultural and language barriers to achieve consistent performance across the globe. This is a new institution, where no performance monitoring department with its elaborate hierarchy is required anymore.
The simplification of metrics, systems and institutions has already started. It won’t be long before it reaches our lives.
In case we as individuals wishfully think that these theories, ideologies, institutions and problems won’t affect us, we will avoid embracing the change. The earlier we adapt ourselves and learn to find opportunities from the changes, the lesser the possibility of us finding ourselves helpless!
We will have to help today’s professionals find opportunities among the ruthless changes happening around the world.
In our opinion this is a social cause, prevalent in every country. It can be overcome only through collective societal efforts.
What do you think? Can’t we contribute to this cause of reducing helplessness?