Capital budgeting decisions - Uber

Identify and critique a significant resource allocation decision made by Uber.In particular, examine as many of the following issues as apply:

1. Does Uber have a formal process by which projects are evaluated?If so, was this process followed for the decision being

analyzed?

2. What analytic techniques, if any, were used to evaluate the opportunity?If none were used, why not?

3. If financial analysis was performed, at what stage did it occur?Was it done before or after the real decision had been made about the project?How were uncertainties about the project incorporated into the decision making process?

4. Did the analysis conform to the general principles of sound financial analysis, including the With/Without Principle and the Fiduciary Principle?

5. In general, does the decision process in Uber tend to encourage responsible innovation and risk taking?Or, is it more of a bureaucratic impediment to keep middle managers from spending too much money?Or, how else would you describe the process?

6. How can Uber's capital budgeting process be improved?Be as specific.