Taxi industry trends
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Trends that affect a New Taxi company
Your environmental scan should include some or all of the following elements:
•Economic factors and trends
•Political factors and trends
•Regulatory and legal factors and trends
•Societal factors and trends
•Technological factors and trends
•Geographic factors and trends
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Solution Summary
The solution discusses trends affecting the taxi industry.
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•Economic factors and trends
US is still recovering from recession and European market is still in trouble. Overall, the economic sentiments cannot be termed at the peak or highest level. Hence, in such situations, industries such as taxi face tough times because consumers cut down on their spending, as well as demand higher value proposition for their spending.
•Political factors and trends
The emergence of new generation taxi players such as Uber and ongoing protest by the traditional taxi operators against Uber has also taken a political angle. The taxi association in various states are lobbying with lawmakers and politicians to limit the growth of these new generation taxi operators.
Reference: ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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