Post by arfanho7 on Feb 24, 2024 6:55:46 GMT
Edelman acknowledges that many existing transportation regulations may be outdated in the era of Uber—not to mention other successful companies in the so called sharing economy such as the travel home rental website Airbnb currently valued at . billion . But he argues that it’s dangerous to foster a corporate attitude that some rules were made to be broken. Perhaps some laws are ill advised and should be revisited. But it may be unrealistic to expect a company to train employees to recognize which laws should be ignored versus which must be followed.
Once a company establishes a corporate culture premised on ignoring the law its employees may feel empowered to ignore many or most laws not just the perhaps outdated laws genuinely impeding its launch. That is the beast we Egypt WhatsApp Number List create when we admit a corporate culture grounded in to put it generously regulatory arbitrage. malfeasance Edelman says. “Suddenly entrepreneurship is not about who can build a better mousetrap but who can better ignore the law and develop a corporate advantage for ignoring the law. So what advice do we give students friends and entrepreneurs about how they should proceed.
A CAUTIONARY TALE Maybe the answer lies in the past. As a cautionary tale with a twist of hope for the future Edelman reminds us of a company that had a lot in common with Uber It was a celebrated California startup it offered groundbreaking peer to peer technology it received ample venture capital and when sued its executives argued it was simply offering a platform for consumers to share. That company was Napster the MP file sharing service that was forced to shut down in after losing a legal battle against several major recording companies. “Consumers love Uber ” Edelman says. “They loved Napster too.
Once a company establishes a corporate culture premised on ignoring the law its employees may feel empowered to ignore many or most laws not just the perhaps outdated laws genuinely impeding its launch. That is the beast we Egypt WhatsApp Number List create when we admit a corporate culture grounded in to put it generously regulatory arbitrage. malfeasance Edelman says. “Suddenly entrepreneurship is not about who can build a better mousetrap but who can better ignore the law and develop a corporate advantage for ignoring the law. So what advice do we give students friends and entrepreneurs about how they should proceed.
A CAUTIONARY TALE Maybe the answer lies in the past. As a cautionary tale with a twist of hope for the future Edelman reminds us of a company that had a lot in common with Uber It was a celebrated California startup it offered groundbreaking peer to peer technology it received ample venture capital and when sued its executives argued it was simply offering a platform for consumers to share. That company was Napster the MP file sharing service that was forced to shut down in after losing a legal battle against several major recording companies. “Consumers love Uber ” Edelman says. “They loved Napster too.