Collaborative Consumption and New Business Opportunities

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Green Future Solutions participated in the Green Entrepreneurship Symposium 2011 organised by AIESEC Singapore on 26 Mar. We spoke on "Collaborative Consumption and New Business Opportunities", which is about the emerging idea of sharing empowered by technology and social networks, and how it changes consumption and the way businesses operate.

The term Collaborative Consumption was first described in the book What's Mine Is Yours: The Rise of Collaborative Consumption by Rachel Botsman and Roo Rogers. Other resources with similar ideas on sharing include the book The Mesh: Why the Future of Business is Sharing by Lisa Gansky and the Shareable website.

Published in: Business

Collaborative Consumption and New Business Opportunities

  1. 1. Collaborative Consumption and New Business Opportunities Eugene Tay Green Future Solutions www.greenfuture.sg
  2. 4. Pay for the benefit of using a product without needing to own the product outright
  3. 6. Redistribute used or pre-owned goods from where they are not needed to somewhere or someone where they are
  4. 8. People with similar interests are banding together to share and exchange less tangible assets such as time, space, skills, and money
  5. 10. <ul><li>Understand your product life cycle </li></ul><ul><li>Sell services instead of products </li></ul><ul><li>Design for durability and reuse </li></ul><ul><li>Allow customers to talk to and rate each other </li></ul><ul><li>Crowdsourcing ideas from the community </li></ul>
  6. 11. I'm trying to free your mind, Neo. But I can only show you the door. You're the one that has to walk through it. - The Matrix Eugene Tay Green Future Solutions www.greenfuture.sg

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