sharing economy business model pdf

PDF The sharing economy and tourism PDF Airbnb: A Disruptive Innovation-based Business Product as a service. In this paper, a series of studies have been carried out to understand what is sharing economy and the models of sharing economy, and what kind of factors will be needed for the business model innovation based on the sharing economy model. Think of shared washing machines, ski rentals, or the redistribution of second-hand goods. Here are some of the more common business models adapted in shareconomy. PDF The rise of the sharing economy - nbb.be The sharing economy (Benjaafar et al., 2018;Eckhardt et al., 2019), as a new business model (Apte and Davis, 2019; Ter Huurne et al., 2017;Zervas et al., 2017), has been demonstrated to be a . In their upcoming article, "A Compass for Navigating Sharing Economy Business Models," authors Pablo Muñoz and Boyd Cohen describe the ride-sharing business model using terms that span a range of key features: Uber and Lyft's business model is tech-driven, peer-to-peer, with conventional corporate governance (among other features). sharing economy companies in the five sectors where the new business model is the most prevalent earned sales revenue of 15 billion dollars, by 2025 this will have risen to 335 billion dollars, so half of the revenues in these markets will go to companies with a sharing-based model. Companies that leverage this model can maximize the use of the products they sell, enhance productivity and value creation. 2. Why the sharing economy has to be seriously 2.1. In addition, following the presentation of the business model, the r. esearch has conducted a case study to confirm that the business model can explain the sharing economy. Platform business models in general, and the sharing economy in particular, have produced disintermediated industries. The mayor of Paris, for example, set up a team of 20 agents specifically to crack down on illegal room-sharing hosts. The sharing economy continues to grow in high demand as consumers look for more cost-effective ways to fund, purchase and find items. To capture this growth, transparency and collaboration within business are crucial. The sharing economy industry allows people to add value to assets that are idle or underused. 8, Supplementary Issue 2 19 Sharing Economy: An Analysis of Airbnb Business Model and the Factors that Influence Consumer Adoption Evelyn L. Chua* Graduate School, University of Santo Tomas Jason L. Chiu College of Commerce, University of Santo Tomas Nelson C. Bool Graduate School, University of Santo Tomas ABSTRACT Public perception . Sharing economy shakes up traditional business models. In a broad understanding, the sharing economy is a business model designed to provide convenient and cost-e ective access to take advantage of underutilized or redundant resources provided by digital platforms [15]. The rapid advance of the sharing economy, where the core premise is to extract value (revenue, profit) from existing assets rather than produce new products, is one of several examples of these business models (see "Capturing the opportunity: business model transfor - The aim of the paper is twofold. But it can also limit this. The "sharing economy" is widely believed to have introduced major changes within the corporate economy, claiming markets for lodging, ride-hailing, home services, and other sectors that . The business model of sharing economy to take light asset model and the traditional model is the opposite, and the former only needs to match idle resources with the effective needs through the Internet platform so as to achieve the transfer of the useright of idle resources. In order to do so, it identifies idle capacity, aggregates it and allocates it to consumers willing to pay the price. Introduction The sharing economy, or more accurately the business model of sharing of resources to generate sustainable profit, has been in the market for years. Four Business Model Configurations in the Sharing Economy . Sharing economy as a new business model, with the help of Internet information communication instant sharing goods, make full use of all resources, but also provide convenience for people's lives, promote the development of business. Sharing Economy: The sharing economy is an economic model often defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that are facilitated . This phenomenon earned a significant leverage in a wide gamma of domains, including Manufacturing & Service Operations Management 19(2):185-201. Case Study: Business Model: In-depth explanation of all elements Economics: The secrets how and why the business model works Industry / competitor analysis: competition to hotels, pricing strategies and the reasons for Airbnb's success Strategy: growth, disruption, value chain, activity map and more Infographics (6x) + 1 Excel. The sharing economy business model utilises already existing assets. Expressed herein is the key enabler for Share Economy's success namely the reorientation of thought with regard Design out waste and pollution. This is a major benefit in terms of capex. In economics, behavioral studies dealt serious blows to the rational actor model. The OECD has developed Model Reporting Rules that require digital platforms to collect information on the income realised by those offering accommodation, transport and personal services through platforms and to report the information to tax administrations. A chart by PwC showing how the sharing economy is expected to grow. In fact, shareconomy allows more room for flexibility, so organizations and business could customize its processes. Download : Download high-res image (193KB) Download : Download full-size image; Fig. The business model of the sharing economy consists of a firm, or service enabler, which acts as an intermediary between the suppliers of a good or service (service provider) and customers who demand those underutilized goods and services . More broadly, regulators and governments have started to question the long-term impact of the sharing-economy business model on incumbents and communities. sharing economy is significant, with annual growth exceeding 25%. Introduction . the sharing economy in any context is limited and is largely focused on developed countries, however, some research into the sharing economy in middle-income countries is starting to emerge. So, I Business Model Canvas & Value Chain (huge info graphic!) Due to the limited available academic research this review has also drawn upon non-government reports, as well as Internet and news media articles. Keywords: Sharing Economy, Platform Economy, E-Commerce, B2B, B2C 1. Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy. The sharing economy includes both the demand and supply side. business model, which can be introduced to the sharing economy among SMEs. Uber capitalizes on convenience. View Sharing economies business model.pdf from MANAGEMENT 238 at Univerza v Ljubljani. Review of Integrative Business and Economics Research, Vol. These developments have resulted in an explosive growth . The case studies . It can help to scale up the business extremely fast. new is the speed and scale at which the peer-to-peer business model together with the . The study's framework is grounded in an analysis of sharing economy fundamentals and business model literature, contributing to a better understanding of the potentials of sharing economy for . In their upcoming article, "A Compass for Navigating Sharing Economy Business Models," authors Pablo Muñoz and Boyd Cohen describe the ride-sharing business model using terms that span a range of key features: Uber and Lyft's business model is tech-driven, peer-to-peer, with conventional corporate governance (among other features). Sharing Economy Models or Structures. A Brief Analysis of the Business Model and Development of Sharing Economy in the Internet Era Wei Liang School of Economics, Guangzhou College of Commerce, Guangzhou 511363, China. The rapid growth of the sharing economy has attracted a recent surge of academic interest. The regulation of such a business model has been an ongoing debate. By plotting a matrix with these two dimensions, we derive a typology of four sharing business models that we call shared infrastructure providers, commoners, mission-driven platforms, and matchmakers (see Figure 1). is gathering that the sharing economy and platform business models are significantly changing ecosystems, markets and consumption patterns (Caldieraro et al. Uber is an intermediary of idle capacity. Circular business models contribute to a circular economy by adhering to the circular economy's three fundamental principles. September 2018 The RISe of The ShARINg ecoNomy 59 In the consumer-to-consumer business model, known as "c2c" (or "p2p" for peer-to-peer), demand and supply are matched via a digital platform developed and operated by a third entity who usually takes a percentage of the payment The most widespread business model deployed by sharing economy companies features an online market place through which the demand for certain assets or services amongst peers is matched with the ownership of those assets and services by other peers. Business Model Choices in the Sharing Economy There are so many different choices one must consider when designing a business model. The sharing economy is based on the use . The Airbnb business model is unique in that it is built around disruptive, cloud-based technologies and is appealing to customers for its low rates, household amenities, and potential for more authen- In that case, to their accommodation spaces. Companies no longer focus mainly on driving more volume and squeezing out cost through Related work package WP3 - Business model innovation to enable car sharing Related task(s) Task 3.1 - Inventory of existing business models for car . overview and understanding of the accessible practices of the sharing economy; researchers could benefit from the summary and critical analysis of this trend and use the recommendations for future research, and entrepreneurs might employ some of the recommendations for a successful business based on the sharing economy principles in practice. Some of the participants have demonstrated spectacular success . The most commonly known sharing economy model is the peer-to-peer model (s ee Figure 1) in which peers (m ostly individuals) offer and request goods and services. Examples of the sharing economy abound, including transportation (Lyft, RelayRides, BlaBlaCar ), lodging ( Airbnb ), and neighbors helping neighbors (TaskRabbit, NeighborGoods). , 2018; Lamberton and Rose, 2012 . . The platform then acts as an intermediary between them. Indre Maurer 2 Received: 5 January 2018 / Accepted: 27 May 2019 / Published online: 23 July 2019 In the sharing economy, this is made more complicated because often there is a supply-side (i.e. resource owner) and a demand-side (i.e. This light asset model of sharing economy has largely reduced the . In a circular economy, growth is decoupled from the use of scarce resources through disruptive technology and business models based on longevity, renewability, reuse, repair, upgrade, refurbishment, capacity sharing, and dematerialization. Service Fee model However, few studies to date address performance variation among sharing platforms. Keep products and materials in use. Through the creation of new transactions, consumers can enjoy low prices, diverse options and better quality and convenience, and suppliers can earn additional income, all of which contribute to the welfare of the participants. The purpose of this study is to connect disruptive innovation and sharing economy by exploring the underlying mechanisms of how a disruptive innovation-based business project creates, delivers and captures value in sharing economy through analyzing the case of bike sharing in China.,An elaborate case study is used to unfold the process as well as the underlying mechanism and relationships . As of today, it is unclear whether this economy is merely another ephemeral trend in consumption or whether we are experiencing a real . high technology and the sharing economy. Keywords: MOOC platforms, business model innovation, share economy, open education, Business Model Canvas. An estimated $23bn (£17.5bn) in venture capital funding was poured into the market between 2010 and 2017, according to a report by Boston Consulting Group. Abstract With the rapid development of Internet finance, sharing economy, as a new business model of mobile Internet, is permeating into every aspect of our life. 5. In biology, Social resource user) to a sharing economy business model. 2013 2025 $15 bn $240 bn Sharing economy Traditional operating . It makes finding a taxicab easier, it provides different service levels . Sharing economy is a phenomenon th at generates access to goods and. The circular economy could unlock $4.5trn in economic growth. Furthermore, most studies in this domain try to explain the activities or impact of a particular sharing economy firm, such as Uber (Cramer and Krueger Firstly, it discusses the business models of the sharing economy. 1. Potentially, this study can also contribute to a better understanding of the perspectives of the sharing economy in the transition of SMEs towards the Industry 4.0 paradigm. These democratised online platforms are providing a chance for people to make a quick buck buy from a company. Share Economy 2017 The New Business Model This report analyzes the size and the acceptance of the Share Economy in the six European countries Austria, Belgium, . 2.1 | Sharing economy business model The impressive surge of sharing-based BMs that has emerged in the last decade seems to have its roots in the global economic crisis and recession of 2008. While there's now thousands of sharing economy companies, we list some of the most prominent across the world. tions for sharing economy entities using an adapted version of a customer acquisition and retention model developed for tradi-tional ownership-oriented firms. This intermediation happens at lower costs, which allows Uber to create value-added to customers. You can launch anything from a jewellery rental business to an . The sharing of under-utilised household possessions also has a Each business model is examined regarding 8, Supplementary Issue 2 19 Sharing Economy: An Analysis of Airbnb Business Model and the Factors that Influence Consumer Adoption Evelyn L. Chua* Graduate School, University of Santo Tomas Jason L. Chiu College of Commerce, University of Santo Tomas Nelson C. Bool Graduate School, University of Santo Tomas ABSTRACT Public perception . Using websites and social media groups that facilitate the buying and selling of second-hand goods, it is now easier than ever for peer-to-peer sharing activities to take place. 1. Sharing economy has emerged in the last years as a disruptive approach to the traditional way of planning, modeling and making business between companies and people. Based on a research on twelve representative companies of the sharing economy we analyse three representative business models: access-based, marketplace, on-demand service provider. Böckmann (2013) Sharing economy that describes a type of business model that builds on the sharing of resources between individuals through peer-to-peer services allows customers to access goods and services when needed. Often, sharing economy business models facilitate people to transact directly with one another by connecting individuals in unprecedented ways (Caldieraro et al., 2018). Indeed, together with the growth of internet appli-cations, globalization and urbanization, it determined a shift towards circular economy. We expect the period post-COVID-19 to be no different, and thus several industries will be disrupted via new innovations and applications. Keywords: Business Models, Sharing Economy, Peer-To-Peer Marketplaces, Rentals, Manufacturing Suggested Citation: Suggested Citation Abhishek, Vibhanshu and Guajardo, Jose and Zhang, Zhe, Business Models in the Sharing Economy: Manufacturing Durable Goods in the Presence of Peer-to-Peer Rental Markets (March 09, 2021). Building on the notion of business model design and applying a configurational approach, we develop a conceptual model that investigates what combinations of design . And this is known as the sharing economy. It is within this context that STARS is situated, as it strives to close the gap between current The Airbnb business model is an example of the sharing economy, so much so that the company itself considers it a "community built on sharing". The Business Model for the Sharing Economy between SMEs based on Business Model Canvas @inproceedings{Woo2016TheBM, title={The Business Model for the Sharing Economy between SMEs based on Business Model Canvas}, author={Chae-ryeon Woo and Min Je Cho and Hyung Rim Choi and Kangbae Lee and Doo-hwan Kim}, year={2016} } They generally do not have to purchase (or produce) these assets. What we do know is that this crisis presents many opportunities nd/4.0/), which permits any noncommer cial use, sharing, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link The sharing economy, a rising pattern in consumption behavior that is essentially based on accessing and reusing products to utilize idle capacity, presents both tremendous possibilities and significant threats for emerging as well as incumbent businesses. What is Uber's business model? 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