Professional Documents
Culture Documents
About Ola and Its Business Model
About Ola and Its Business Model
About Ola and Its Business Model
changing. One such major shift in customer desires is making environmentally safe
business models. The rising awareness about global warming and environmental
degradation across the world has put pressure on companies to act on saving the
planet. In this presentation case study, our students at IIDE will take a deep dive into
problems faced by Ola Cabs and propose a solution that meets the new demands of
the customers to be eco-friendly.
As a part of their course, IIDE students get a chance to work on assignments related
to some of the top brands across the globe. We train them to create innovative,
tech-centred solutions that are customer-focused as well as viable and profitable for
the brands.
Four of our students, Aastha Vyas, Umair, Sheena, and Riya chose to work on Ola.
They researched the problems that users faced and tried to come up with a unique
solution that was practical and scalable. Read on to find out more about it.
Let us begin the case study by learning more about Ola’s Business Model
Contents show
To summarise the findings of the survey, the student team found that a decent
majority of people are warm to the idea of carpooling and sharing their rides with
people. Now that we understand the Ola Cabs audience, let us now turn our
attention to the process of identifying the problems faced.
Ola’s Problem Identification & Analysis
Our students took multiple interviews to improve their insights and understand the
pain points of the users. The users wanted:
● Cheaper Ride
● Less Crowd
● Less Detour
● More Reliability
● Lesser Cancellations
● Safety
After stating the pain points of the customer, the student team has used multiple
management techniques for problem identification. They are as follows:
2. HMW Statement
After identifying pain points, our students created an HMW or ‘How Might We’
statement to narrow down the issues they want to tackle. Here’s their HMW
statement:
How might we
Provide more economical rides
For
Our users
So that
they can commute easily, cheaply, and safely
3. Empathy Mapping
This technique is a great way to visually arrange all the insights we have about the
consumer and aids in the decision-making process. Our students have created the
following Empathy map to aid their problem identification process:
After
identifying the problems faced, let us now look at the proposed solution created by
our students.
Download the complete Ola Case Study PPT
here.
Download Now
Solution: Ola Swift – A Digital Marketing Plan
After a lot of brainstorming, our students built a feature named “OLA SWIFT” that is
solving users’ problems as well as helping Ola earn more profits. If you wish to
download and see the presentation on Ola made by our students, click on the link
below.
Ola Swift is a real-time ride-sharing feature that allows users to travel by car owners
within the city. Although it is essentially a carpool, the main differentiating factor is
that the car will not stop at multiple stops to pick up other people. The car owner will
pick you up and directly drop you at your destination that is on the way to wherever
he/she is travelling to.
This will help the users to share a ride, reduce their travelling cost, and still reach
their destination without being delayed while being environmentally friendly!
After defining and creating the solution’s business model, let us now look at the
process of creating the aesthetic and user experience part of the solution.
Mood Board
To design this solution, our students built a mood board. A mood board is a visual
tool that helps in bringing together different design elements in one place to
showcase the general theme to be followed.
Solution Prototype
After defining the elements of design, now let us start with designing the user
experience. Ola Swift needed to be integrated well within the existing Ola app to
ensure that users could use it seamlessly. To ensure that this happened, our
students designed a wonderful prototype of the User Interface (UI).
Now that the user experience is defined, let us look at the marketing strategies our
students created to promote Ola Swift.
1. Push Notifications
One of the ways how people could be made aware is through sending push
notifications to people who used the app. Push notifications are an effective medium
to grab the attention of already existing ola cab users. It is essential to ensure that
users are aware of Ola swift and that they do not mix it with Ola Share.
2. Ola Marketing Campaigns
To market to customers who do not use the Ola App currently, social media
marketing, as well as youtube video campaigns, could be used. Social media helps
in reaching unprecedented numbers of people in a very short amount of time and at
very low costs, especially with creative campaigns like these!
Conclusion
Ola is India’s most popular platform for on-demand rides. However, it is closely
followed in market share by Uber and other small startups.
To ensure that it stays ahead of the competition, Ola needs to keep coming up with
new, practical solutions to improve the ease of mobility for its customers.
Our student identified different pain points for Ola and its customers and proposed
the solution, Ola Swift. This business model benefits riders, car owners, and the
environment. By crowdsourcing travelling services, Ola Swift combines the people’s
need for saving money with a low-cost high-efficiency business model. This will
enable the company to give better services to more people without any explicit
expenditure.
In the last few years, the emphasis on making environmentally friendly business
plans has increased manifolds. Ola Swift is a brilliant example of a socially valuable
and profitable business solution.
If you too want to create such great solutions for brands across the world, be a part
of IIDE.
If you found this article interesting and thought-provoking, please leave a like or
comment below and share your thoughts with us.
Reference: https://iide.co/presentations/ola-digital-marketing-strategy-with-ppt/