3 things businesses can learn from tech company's problems

folarin okunola

June 28, 2017 6:48 PM

Brands wouldn’t be taking anything from Uber due to the company’s recent run of misfortune.

Former Uber CEO Travis Kalanick

Companies often look up to disruptive brand to mimic those practices that have made those brands successful. That could in terms of company culture, the kind of talent they hire or the types of values they preach.

Brands wouldn’t be taking anything from Uber due to the company’s recent run of misfortune, but there are important things businesses can learn from the company’s unfortunate situation.

There is no point diving into all the drama going on at the world’s most valuable startup but the company has a rare opportunity right now to device a new, improved strategy that will pivot the company and put its brand ideals back in front.

Here are three things to be learnt from Uber’s woes:

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Businesses go through all kinds of change in their lifetime and it needs to be able to adjust to those changes from the top down. If not, it could spell disaster.

Do you know any other lessons entrepreneurs can learn from the Uber debacle? Share them in the comments section below. Happy hunting!

folarin okunola