Exploring Entrepreneurship: A Case Study of WAZE

A career as a technical entrepreneur can be difficult but rewarding. As a subsection of entrepreneurship, tech is consistently being researched and developed. A great mobile app or web idea could become virtually useless in a matter of days. Recep Karaburun, Clinical Associate Professor at the NYU Jonathan Tisch Center of Hospitality and Tourism and Hospitality Industry Essentials contributor, spoke about how app developers are are finding innovations beyond an initial idea.

Watch the full video to learn about:

  • Finding a niche as a tech entrepreneur
  • Identifying problems within a market
  • Applying practical problem-solving skills to technical innovation

Creative Problem-Solving in Entrepreneurship

Every successful business starts by identifying a specific problem and a simple idea to solve it. Then, with hardwork and prototyping, the idea becomes real. "Many use Waze, a social GPS application. Waze created this phenomenal application where people contribute traffic data for driven routes. They also provide other specifically useful information, from police presence to traffic flow, explains Karaburun. "Waze is only on mobile, there is no web version." When building your own company, you must decide if you want to be a mobile-only business, web, or both.

Waze's value proposition is simple. They crowdsource live traffic data. "You're able to communicate with other people on your route. The app can detect and alert you to police presence. So, you can slow down and avoid getting tickets. It’s one of the most popular features in Waze," says Karaburun.

Entrepreneurship and Striking Value

Google bought Waze for $1.3 billion cash because it believed in Waze's value proposition. It is now implementing Waze's technology in Google Maps. Big companies like Google, Hilton, and Marriott look to buy or invest in these startup companies to create more value for their customers.

"Waze is very flexible. Whenever Apple or Android change their store settings, apps need to be changed too. But Waze was developed so that it rarely requires changes. It automatically aligns. It was a clever piece of engineering by the app owners," says Karaburun.

Karaburun also believes Waze unconventional marketing attracted Google. "None of us have seen a Waze advertisement on TV or radio. Waze is a top example of word-of-mouth marketing. Once people saw its value, they shared it on social media and told their friends to download Waze," he explained. "Waze has millions of followers. They are hooked and cannot drive without Waze. They like Waze because even when the traffic is all backed up, it offers you much quicker routes."

Brand Appropriately and Leveraging Success

"In entrepreneurship, when creating a company, a fun part is naming your baby. Waze wanted to call the company Ways, but that name was taken. So, Waze's owner said, let's call it Waze. It sounds like Ways but written differently," Karaburun recalls. "As an entrepreneur, you have to be creative. If your company's name becomes a word in the language, that means you made it."

"When talking about creating wealth, everyone talks about big data. First, cash was king, then content. Today, data is king," said Karaburun. "Another handy thing that Waze did was create all this live data, which could improve the quality of life for individuals and cities. Cities bought this data to solve their traffic problems."

For more information on Waze and unique insights into entrepreneurship in the hospitality industry, check out Yellowbrick's Hospitality and Tourism Industry Essentials.


Are you a current or former Yellowbrick student with a story to tell? Email us at social@yellowbrick.co!
Share on twitter
Share on facebook



Download this free guide to start planning your hospitality and tourism career.

Dedicated to helping students and professionals further their career opportunities in hospitality, we’ve put together the ultimate guide on how to advance your career path.

How Covid-19 Reshaped Trends in The Hospitality Industry

Examining the pandemic’s influence on hospitality, tourism, and travel


Stay up to date on the latest in design, technology, fashion, sports, and more by signing up for the Yellowbrick mailing list.
FIT Sneaker Essentials x Complex

Fashion Institute of Technology faculty, together with leaders from Complex and across the sneaker world, will teach you about the key areas, and related career opportunities in the ever-evolving sneaker industry.

Enter your email to get a free sneak peek, course catalog, and career guide.

Parsons School of Fashion faculty, together with insiders and experts from leading brands, help you learn the business side of fashion, explore key trends shaping the future of the industry, and gain an understanding of how fashion brands are built and launched. 

Enter your email to get a free sneak peek, course catalog, and career guide.

Explore all aspects of the streetwear industry, discover related careers, and build your skills with this online program from Parsons School of Design and Complex, featuring many recognized leaders from across the streetwear world.

Enter your email to get a free sneak peek, course catalog, and career guide.

Explore all areas of the music industry with this 100% online program from faculty at New York University’s Clive Davis Institute of Recorded Music, featuring experts from Billboard, and leaders from across the industry.

Enter your email to get a free sneak peek, course catalog, and career guide.

Explore all areas of the film and television industry with this new 100% online program from faculty at New York University (NYU), and featuring experts from IndieWire and Rolling Stone, and leaders from across the industry.

Enter your email to get a free sneak peek, course catalog, and career guide.