Congratulation to Group 3 for the successfully presentation. The ideas elaborated were quite inspiring.
In my opinion, the best part of the presentation came with the question: how will Grab compete with Uber in Southeast Asia? The answer was localisation. For example, GrabBike at Indonesia offers a new solution to the pain caused by Jakarta's terrible traffic jam. It reminds me of how KFC out-powered McDonalds in China by selling chicken rice during lunch hours. It is great that Grab make use of the resources it already acquired to server different needs. Such action is likely to bring customers for all services it provided.
As a user of Grab myself, I cannot agree more that Grab should provide more information to users and update data at real time. Otherwise, users will keep complaining about information asymmetry deals which may leads to trust issues.
On the other hand, I am afraid that involving bidding into such business model is a risky move. It is true that during peak hours there will be mismatch between demand and supply in certain areas and involving bidding is likely to increase the amount of supply. But considering that more cars means more traffic jam and more traffic jam means longer waiting time. Users may end up paying extra money without saving much time. Besides, with the large amount of demand daily, taxi is more like a kind of necessity good. It is unfair to have customers bidding on necessity good.
The idea of GrabHitch Deals - Sharing 1-for-1 Deals was very interesting (e.g. grab a strange to share the Starbuck 1-for-1 offer). The idea proves the value of information. But I am wondering what kind of commercial potential does the service have for Grab. Please leave comments if you have any ideas =)
Many thanks to Group 3 for uncovering the valuable ideas for us.