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THE SHARING ECONOMY LACKS A SHARED DEFINITION: GIVING MEANING TO THE TERMS

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You may have noticed the terms ‘sharing economy’, ‘ peer economy’, ‘collaborative economy’ and ‘collaborative consumption’ being used synonymously. Do these terms have different meanings? Yes. Are their common core ideas that explain the overlap? Absolutely.
In this presentation, we have defined and visualized the terms and core ideas that connect the likes of Airbnb, Taskrabbit, Lyft and Zipcar.

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THE SHARING ECONOMY LACKS A SHARED DEFINITION: GIVING MEANING TO THE TERMS

  1. 1. TERMINOLOGY CONFUSION There are different terms being used to describe the growing space that includes the likes of Airbnb, Lyft, Zipcar and Taskrabbit. Namely, the „Sharing Economy‟, „Peer Economy‟, „Collaborative Consumption‟ and the „Collaborative Economy.‟ Do these terms have different meanings? Yes Everything is vague to a degree you do not realize till you have tried to make it precise. - Bertrand Russell, “The Philosophy of Logical Atomism”
  2. 2. COLLABORATIVE ECONOMY An economy built on distributed networks of connected individuals and communities versus centralized institutions, transforming how we can produce, consumer, finance and learn. COLLABORATIVE CONSUMPTION An economic model based on sharing, swapping, trading or renting products and services enabling access over ownership. It is reinventing not just what we consume but how we consume. SHARING ECONOMY An economic model based on sharing underutilized assets from spaces to skills to stuff for monetary or non-monetary benefits. PEER ECONOMY Person-to-person marketplaces that facilitate the sharing and direct trade of products and services built on peer trust.
  3. 3. WHAT DO THESE IDEAS HAVE IN COMMON?
  4. 4. REPRESENT A NEW WAY TO THINK ABOUT ASSET UTILIZATION.
  5. 5. TRANSFORM HOW WE CAN MATCH PEOPLE‟S „HAVES‟ WITH PEOPLE‟S „WANTS‟.
  6. 6. SHARE COMMON VALUES AND DRIVERS.

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