A Look At Collaborative Economy

Business and Technology

Sharing Is The New Buying

Sharing a basic tenet that has moved to forefront of business and technology over recent years. Peer-to-Peer economy, collaborative consumption, or collaborative economy is picking up serious steam.

In A Nutshell

Collaborative consumption as a phenomenon is a class of economic arrangements in which participants share access to products or services, rather than having individual ownership. Often this model is enabled by technology and peer communities. Source: Wikipedia, Sharing Economy

Leading The Charge

Eric Lowitt adviser CEOs, senior public officials, and leaders of nongovernmental organizations in the fields of strategy, collaboration, and sustainability has authored a book entitled "The Collaboration Economy: How to Meet Business, Social, and Environmental Needs and Gain Competitive Advantage" available now on Amazon.

Jeremiah Owyang, Founder of Crowd Companies Council has completed extensive research on the topic. 

 Version 1.0 of the Collaborative Economy Honeycomb via Web Strategist

Visit Web-Strategist for a full report of Jeremiah's research

Jeremiah Owyang , Speaking at Share Conference 2014 on framing the collaborative economy

Additional Reading | 5 Signs That The Collaborative Economy Is Going Through Puberty via Fast Company by Lisa Gansky

What do you think? Will the collaborative economy become the way of doing future business, or will the trend soon fizzle? At first glance it sounds like modern day bartering to me. 

I will give the final say to Tracy Schelmetic

While “collaborative consumption” sounds like a trendy buzzword, the idea behind it is ancient, as well as sound. And while it’s a still-small (though growing) economic model, if the employment and economic outlook continues on its current path, it may start becoming a way of life in the future. ~ Tracey Schelmetic, Collaborative Consumption: The Return Of The Barter Economy