The Sharing Economy: Your Business Model's Friend or Foe? Case Solution
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
PUBLICATION DATE: November 15, 2016
The sharing economy, a rising design in consumption habits that is basically based on accessing and recycling products to utilize idle capability, presents both remarkable possibilities and considerable threats for emerging as well as incumbent companies. Little is known about how existing business models are affected by the sharing economy. An examination of why the sharing economy has the possible to create a long-term transformation in usage behavior is followed by a consideration of how this modification might affect firms' business models. Based on a renowned business model framework and a range of current illustratory examples, we propose central questions supervisors have to ask themselves in order to be prepped to reply to changes brought about by this new financial trend.
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