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Co-evolution of three mega-trends nurtures un-captured GDP – Uber's ride-sharing revolution.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/62616 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/62616 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/62616 archive 353 disk0/00/01/33/13 2016-06-27 07:54:07 2021-08-27 17:27:12 2016-06-27 07:54:07 article show Watanabe C. 1605 Naveed K. Neittaanmäki P. pub prog_asa Ride-sharing revolution; ICT-driven disruptive business model; Uber's system success; Two-faced nature of ICT; Un-captured GDP Uber used a disruptive business model driven by digital technology to trigger a ride-sharing revolution. The institutional sources of the company's platform ecosystem architecture were analyzed to explain this revolutionary change. Both an empirical analysis of a co-existing development trajectory with taxis and institutional enablers that helped to create Uber's platform ecosystem were analyzed. The analysis identified a correspondence with the “two-faced” nature of ICT that nurtures un-captured GDP. This two-faced nature of ICT can be attributed to a virtuous cycle of decline in prices and an increase in the number of trips. We show that this cycle can be attributed to a self-propagating function that plays a vital role in the spinoff from traditional co-evolution to new co-evolution. Furthermore, we use the three mega-trends of ICT advancement, paradigm change and a shift in people's preferences to explain the secret of Uber's system success. All these noteworthy elements seem essential to a well-functioning platform ecosystem architecture, not only in transportation but also for other business institutions. 2016-08-16 published Elsevier 10.1016/j.techsoc.2016.06.004 323 public Technology in Society 46 164-185 TRUE 0160791X FALSE no info:eu-repo/semantics/article