Post by bayezidislam on Feb 15, 2024 6:35:23 GMT
road legal approved car the Wikispeed SGT01 Car, now on sale in limited quantities. This case example is part of my ongoing coverage of the collaborative economy, on how the crowd becomes a company. I had the opportunity to meet Joe Justice (pic) of Wikispeed at the Aspen Institute, a center dedicated to the advancement of thinking, our roundtable has been focused on how institutions must innovate in the rapidly changing environment. I’ve shared elements of the Collaborative Economy research, which has been one of the under current themes at the event.
Above image is a screenshot from the keynote speech showcasing French Polynesia Email List our research report on the Collaborative Economy, this post explores the first of three models. What can business leaders do to leverage the sharing revolution? Something counterintuitive, try other business models beyond selling to build a deeper relationship with customers, reduce costs of housing inventory, and generate more revenue. Top brands are doing this now, like Toyota Rent a Car, BMW hourly rental, are starting to rent their cars from their own dealership lots, rather than just offering traditional selling for consumer ownership. Why? consumer behaviors are changing, a movement has emerged that means people want to have access to goods –rather than owning them –is emerging.
What should corporations do to respond? Offer a product on-demand access, subscription, and memberships so you can sell a product a thousand times over –not just once. To see all the transaction types in the Collaborative Economy, I’ve listed them out in a nice, neat table. [Companies can offer goods as a service, selling it many times over to customers, generating new value for customers and new revenues for the company] Disruption: Sharing startups enable consumers to share –not own We’ve already learned that through the sharing startups (here’s a list of 200+ of them), customers are now changing their behaviors.
Above image is a screenshot from the keynote speech showcasing French Polynesia Email List our research report on the Collaborative Economy, this post explores the first of three models. What can business leaders do to leverage the sharing revolution? Something counterintuitive, try other business models beyond selling to build a deeper relationship with customers, reduce costs of housing inventory, and generate more revenue. Top brands are doing this now, like Toyota Rent a Car, BMW hourly rental, are starting to rent their cars from their own dealership lots, rather than just offering traditional selling for consumer ownership. Why? consumer behaviors are changing, a movement has emerged that means people want to have access to goods –rather than owning them –is emerging.
What should corporations do to respond? Offer a product on-demand access, subscription, and memberships so you can sell a product a thousand times over –not just once. To see all the transaction types in the Collaborative Economy, I’ve listed them out in a nice, neat table. [Companies can offer goods as a service, selling it many times over to customers, generating new value for customers and new revenues for the company] Disruption: Sharing startups enable consumers to share –not own We’ve already learned that through the sharing startups (here’s a list of 200+ of them), customers are now changing their behaviors.