When operating in the mobility sector how can a business model based on technology differentiate itself and be profitable in the long run? Shotl recently addressed this question in a knowledge-sharing workshop with students from the “Master in Global Entrepreneurial Management” programme at the IQS School of Management in Barcelona.
The workshop took place on October 3rd and started with a debate based on MIT Professor Michael A. Cusumano’s piece “The Sharing Economy Meets Reality”. Afterward, students engaged in a role-play where they posed as advisors for a major transportation network company and discussed strategies on how to grow and be profitable in European, American and Asian markets. Topics included handling competition, respecting regulations, and retaining customers by recognizing the impact they have on the company’s business model.
Shotl then met with the students to explore their findings in further detail. At this stage, students were able to compare their proposed strategies with Shotl’s own tried and tested strategies so that they could see how we approach the transportation industry and face real-life challenges. The findings coming out of the workshop are very useful as they give us direct unfiltered feedback on both Shotl’s current and potential future impact. Here are the main conclusions:
We thank all participants for their input and look forward to future workshops, at IQS School of Management and elsewhere!
As 5G technology and smart cities continue to develop it is essential that we create broad alliances that empower from the bottom up and here at Shotl we are committed to this kind of 5G revolution.
Our algorithmic solution matches multiple passengers, that are heading in the same direction, with a moving vehicle, minimizing ride distances and waiting time, thus offering a better transportation service and experience.
As fasten our seatbelts and fast forward into the future, public and private players will need to work together to ensure we all reap the benefits.