Case Study : The Sharing Economy

industry that WeRoll will be most directly concerned with will be Ride Sharing, in which they

In AirBnB’s hosts offers their homes to guests in exchange for money. Visitors will document their experience online.

Today’s on-line travel market is succeeding because the companies are using a more software-centric, online business model termed “E-commerce.” This has become the popular avenue for businesses as it mirrors the ideas of mobility. The sheer amount of data available, coupled with the advanced operating systems and social media platforms, have created new possibilities for E-commerce organizations. The infrastructure of E-commerce has expanded into platforms such as peer-to-peer networking, crowd-sourcing, social websites, and mobile devices and media. E-commerce trends are findings ways to incorporate every aspect of our daily lives into an online package associated with our everyday needs (Fishbein, 2013).

The table below illustrates the transformation taking place in the industry. The market is moving away from dedicated vehicles and to a fully brokered-type service using non-dedicated vehicles and non-employee drivers.

A ___________________ is an audio presentation stored as an audio file and posted to the Web for

As the world economy and technology continue to change at a rapid rate, the costs of doing business inadvertently also

The sharing economy has its perks however also its inconveniences. Mary Dejevsky is the writer of “Uber and the “sharing economy” are leaps into the past, not the future”, and in the text she speaks on the downside of the sharing economy. “There are questions, too, about quality of life and fairness. What recourse do you have if you are a tenant or home-owner disturbed by anti-social short-stayers? If you are a neighbor woken by driveway customers slamming their doors at 6am? If pollution is increased by the many more cars plying for hire? If wages are further depressed by casualization?”, Dejevsky lists various of problems that people face or could face now that sharing economy is becoming a global thing. All the things she mentions are pretty

In her essay, “You’re Welcome: Couch-surfing the Globe,” Patricia Marx argues that CouchSurfing, which is a hospitality online exchange service, enables its members to enrich their lives by connecting with people from around the world without necessarily having to travel or pay for it. Members learn more about each other’s culture and share their knowledge. To become a member, one must simply compose an online profile and include interesting facts about oneself. Arguing that this practice is remarkably safe, she states the following three protective measures: The Website verifies the guests’ names and addresses, trustworthy members endorse others in a feature called “the vouch”, and hosts and guests write references about each other. By

We are at the forefront of an information revolution. Firms are increasingly relying on data to drive strategic and business decisions. Upstart companies are giving market leaders a run for their money by tapping into advanced data analytics, statistical modeling and open source software. Multi-billion dollar companies like Uber and Airbnb have shown a groundbreaking data-driven way to connect its products & services to their customers. We are living in a world where every customer touch point with a digital device is being recorded and monetized. Every business has to reinvent, transform, and adapt its products and services to meet the demand of its digital savvy customers or face the risk of becoming obsolete.

Employment received a hard hit by the recession, but this “gig economy” has been able to provide job openings that are in need. According to a recent study, jobs in the gig economy has grown from 9 to 14% from 2002 to 2014, compared to overall employment which only grew around 7%. Moreover, the gig economy has also had an impact in the current economy, specifically coming from the famous startups such as Uber and Lyft. The Uber and

Additionally, AskforTask practices the idea of collaborative consumption, also identified as a sharing economy. The notion emphasises

future course of both industries and individual firms is likely to become even more profound in the next

Reports estimate that by 2020 as much as 40% of the American workforce will be contingent workers or independent contractors

According to the European Credit Research Institute, the term ‘peer-to-peer’ (P2P) describes the interaction between two parties without the need for a central intermediary. The term originated in the field of computer networking, to describe a network where any one computer can act as either a client or a server to other computers on the network without having to connect to a centralised server (A. Milne and P. Parboteeah, 2016). Peer-to-peer lending is used to describe online marketplaces where lenders (also referred interchangeably as investors) can lend to individuals or small businesses (A. Mateescu, 2015). Peer-to-peer lending activities have grown exponentially since the concept launched. For instance, from 2015 to 2016, P2P lending activities went up by 39%, from £2.3bn to £3.2bn (Bondmason, 2017).

The case study is about Enterprise Rent a Car, which initiated its business in the year 1957 at USA. The company slowly expanded its business and now they have more than 65000 workforce presented. The company is highly depending upon their workforce and to retain them longer, they use to give them training and development with passage of time. Hence, the company also do workforce planning for fulfilling future needs of the workforce.