Uber is a truly amazing and disruptive company.
Though its valuation has fallen in the last few months due to a handful of highly visible and public controversies, the company is still valued at $50 billion -- a significant lead lead over its nearest competitor, Lyft, valued at $7.5 billion.
Additionally, with the selection of a new CEO, Dara-Khosrowshahi and subsequent announcement of Uber's much anticipated initial public offering (IPO), analyst are starting to again like Uber.
But will that be enough for Uber to keep its market lead? Maybe.
The reasons is that Uber is an inspirational company, not because it was the first ride-sharing company, but rather because the company was founded on a grand vision of bringing people together and connecting cities. Its mission statement is "make transportation as reliable as running water, everywhere, for everyone."
In many public appearances, the embattled founder and formed CEO, Travis Kalanick, emphasized the importance of a technology (not company) like Uber, with its focus on effective transportation logistics and driverless cars to reduce traffic and congestion, air pollution, and parking.
Maybe more important is the positive impact a company like Uber could have on the human cost in terms of reduced stress, accidents and second hand health implications resulting from automobile emissions.
This is a very, very big vision, and one that I think many of us can agree on -- once we get over the fear of artificial intelligence giving rise to robot overlords.
The problem was that this vision was lost in the ongoing investigations into Uber for alleged sexual harassment and questionable business practices. Also, Kalanick, the man who was setting this vision, was involved in a number of public displays of extremely poor judgment and leadership.
All of this should remind us all that only exceptional leadership can execute a great company vision.
Of course, we all make mistakes, but if you are going to steer a big ship with a grand direction, there is very little room for mishaps.
The good news is that we are capable of being exceptional leaders. Nobody is born a natural leader, but rather defining and developing your leadership style and skills requires time and experience. One of the best ways to do this quickly is to surround yourself with others who have the experience to mentor and advise you through challenges -- and, of course, checking in regularly to columns here on Inc.com.
What do you think? Can Uber find its mojo again and maintain its leadership in the industry? Or is it too late? Share your thoughts with others in the comments below.