Slideshare presentation: The rise of the sharing economy

Slideshare presentation: The rise of the sharing economy

Posted by Torben Rick | August 21, 2013 | Strategy

Once upon a time

Once upon a time, one fundamental of the economy was pretty simple.  If you wanted something, you bought and owned it. But now we have the rise of the sharing economy.

The past few years have witnessed the rise of the sharing economy which implies collaborative consumption of physical, virtual and intellectual goods. The new model of consumer relationship emerges at the intersection of online social networking, mobile technology and the social movement that comes as a response to the reduction in purchasing power.

Need a room? Never mind the hotel, rent a stranger’s room with HouseTrip or Airbnb. Need a car? Rent it for a couple hours with Relay Rides. Need a power drill? Rent it from NeighborGoods. Need a loan? Never mind the bank, get it from LendingClub or Zopa.

The driver - The sharing economy

There are growing signs that the sharing economy is going mainstream – creating thousands of jobs and a business model that promotes environmental sustainability through more efficient use of resources. In the process, this emerging economy is disrupting traditional businesses such as hotels and taxi companies, and forcing governments to rethink decades-old rules on taxation, labor and safety. Mobile phones and social media have fueled the phenomenon, helping build a culture of trust around the transactions.

The peer-to-peer “sharing economy” or “collaborative Consumption is taking off.

If the people formerly known as consumers begin consuming 10% less and peering 10% more, the effect on margins of traditional corporations is going to be disproportionately greater … which means certain industries have to rewire themselves, or prepare to sink into the quicksand of the past.

 

Short URL & title:
Slideshare presentation: The rise of the sharing economy — http://www.torbenrick.eu/t/r/bfy

Share it:
If you enjoyed this article, please take 5 seconds to share it on your social network. Thanks!

About The Author

Torben Rick

Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement, development and change management. International experience from management positions in Denmark, Germany and Switzerland.

Add a comment

*Please complete all fields correctly

Related Post

Driving and managing change will remain the number one priority
Posted by Torben Rick | March 23, 2017
Adaptability – The new competitive advantage The business race to adapt. Driving and managing change will remain the number one priority Few companies can avoid big, periodic changes in the...
Ready for digital transformation - Mind the digitization gap
Posted by Torben Rick | January 2, 2017
The pace of change is accelerating Much has changed since the “dial in” days with modems connecting to online services like America Online or Compuserve and eventually directly onto the...
Shaping strategy – Constant turbulence and disruption
Posted by Torben Rick | December 30, 2016
Challenge to keep companies competitive – Perhaps the greatest challenge business leaders face today is how to stay competitive amid constant turbulence and disruption Change affects every company, but disruptions...