Interactivity Assignment: The Sharing Economy
Overview
Rather than adopting a standard traditional business model, a business venture based on the concepts of a sharing economy represents a peer-to-peer business model in which the business acts as a matchmaker between individuals with a service to offer and others who want the service. Another emerging and perhaps more comprehensive term is collaborative consumption.
One advantage of a sharing economy business is the relative ease of entry into the marketplace. Often, the entrepreneur is able to begin by simply sharing available resources with others in exchange for currency or other value. You will be creating a Canva document that describes your ideas for a shared economy business
What to Do (and How to Do It):
Prior to beginning work on this discussion, review the video How the Sharing Economy Is Changing the World | HowStuffWorks NOW (2016), and read the Forbes article Airbnb and the Unstoppable Rise of the Share Economy (Geron, 2013).
You are going to create a proposal for a business venture based on the principles of a sharing economy.
A. First, do an observational scan of your immediate environment, its resources, and the resources you presently have available to you.
a. Make a list of any shareable resources that you would be willing to exchange with others.
b. What do you have that you would be willing to share with others in some way?
B. Next, consider your present situation. What are you missing that, if you could somehow obtain it, you would be better able to accomplish what you would like to in life?
C. Based on your analysis, outline a proposal for a shared economy business that you could start immediately with little or no money.
D. Describe your proposal in a Canva document using images that reflect the elements of your shared business. Feel free to use the images available in Canva or upload your own. Your proposal should include the following:
a. Identify the resources to be shared and what is expected or desired from the business.
b. Describe the exchange of value expected from operating the business.
c. Assess what you will need to implement this shared economy business.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.