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Uber's success is also a testament to the level of competition it faces. To ensure its dominance, the company has responded with innovative strategies, such as improving its drivers' skills with its Online Training Program, offering a rewards program, and investing heavily in its technology.
We should also mention that the vehicle of choice for Uber is a Toyota Prius, which has a number of advantages such as low fuel consumption and quiet operation.15 The Prius technology can also give drivers a comfortable ride at low speeds and reduce the noise levels of the vehicle.
Uber's ride-hailing model has proven very successful over the years. The following are only some of the gains that Uber has made in such a short period of time.
Uber has grown from a start-up to become an international giant in just a decade.17
The company employs more than 100,000 full-time workers worldwide.
Uber ranked as the world's third-largest corporate employer at the end of 2017.18
Uber drivers have on average made more than $26,000 per year, an amount that is almost four times higher than the typical regular job.
The company has experienced a gradual shift toward more female and minority workers.
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