Industry Magazine Commercial Kitchen Spring 2016 | Page 11

“INDUSTRIES OPERATING UNDER THEIR CURRENT MODELS WILL HAVE TO EITHER ADAPT TO THESE NEW TECHNOLOGIES OR PERISH” are unable to regulate them to the level that, perhaps, they need to. Traditional taxi companies hate this and have begun protesting. • Uber does not require different contact information for different locales. The same app will get you a driver in Los Angeles, New York, or right around the corner from your house. This means one company will have you covered anywhere. • Taxis have to adhere to regulations. They have to pay for permits. Uber, like it or not, removes bureaucracy from the equation. You click the app and you get a driver. For drivers, they sign up and go through a background check and are good to go. Note the response that the traditional taxi companies have had to many of these problems. Is it to improve their own service? Develop a mobile app their own customers can use? No. It has been to declare that Uber is “unfair” and that the old ways need to stay. This has, of course, never worked. SPRING 2016 Entire business courses are taught on this type of market disruption and, every single time, the solution has been to either adapt or shutter the doors. Complaining and turning to the government for help is not the right solution. Any industry, in truth, could experience this. It is impossible to know which one might see it next, but it could happen anywhere and at any time. There is no shortage of industrious entrepreneurs out there with an Internet connection and all the new technology they could need to change the world. The really perplexing part is, industries often don’t know they need shaking up. People don’t know they want something different until they experience it. As Henry Ford once said, “If I had asked people what they wanted, they would have said faster horses.” Uber is doing what hundreds of other companies have done since the beginning of business. They created a product as a result of demand using new technology that disrupted the old ways of doing things. Much like record companies having to accept digital music options, and camera companies having to deal with the existence of high quality camera-phones, taxi companies are now experiencing the same disruption. It would pay to think about new advances in the industry you are in as well. Is someone waiting in the wings to throw a wrench into the way you typically do business? If so, what are you planning to do in response? 11