The sharing economy is changing the way we work: demographic shifts, greater individual choice, the ongoing technological disruption and increasing customer sophistication.
We encounter the transition to the individual-is-an-owner model, acting as a “micro-entrepreneur”. As a consequence, the traditional employers profiting off the employee’s own assets and time will begin losing ground.
“What gets me excited about the shift that we’re seeing now is that it transitions the role of the individual from being a wage receiver to being an owner of that system of production in some small way….At the heart of it is an empowering shift.”
Arun Sundararajan – professor at New York University
The Sharing Mindset and the Collaborative Economy
The world has entered an era in which ideas and insights come from everywhere. The new “sharing economy” platform businesses such as Airbnb and Uber, have disrupted industries and the results have been amasing.
The sharing economy is a socio-economic ecosystem built around the sharing of human and physical resources. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organisations.
The sharing economy, is making it easier and cheaper for people to share resources, collaborate, express themselves, connect to people and expand the reach of goods and services.
Now is possible for companies to take advantage of assets they do not own nor control.
Companies will provide increasing value to businesses in the form of B2B sharing through partnerships.
The overall result is a pure gain in economic efficiency benefiting both sides.
Throughout my life and career, I have always recognised that the best solutions to challenges and problems come from focusing first on what we agree on and then developing ideas jointly to reach mutually agreeable conclusions.
The Rt Hon Baroness Patricia Scotland of Asthal QC
Like all major disruptions, the sharing economy is putting pressure on existing business models.
The sharing economy is sustainable, paving the way for the future, where we share goods, services, skills, time, resources, ideas, responsibility, risk and opportunities and create wealth from which everybody benefits.
According to Accenture research, new business models are adaptable, scalable and interconnected.
A sharing mindset allows companies become:
- more Adaptable, leaner Businesses with less risk or uncertainty
- more convenient and flexible
As the sharing economy picks up momentum, is prompting a growing need to explore all the beneficial aspects that this new business model can afford.