Business model of the sharing economy: Specifics, features, and management challenges
DOI:
https://doi.org/10.21638/spbu18.2021.402Abstract
The article substantiates the specific features of the business model of the sharing economy. The reproduction of these features is based on the understanding of this emerging and rapidly developing phenomenon, both in scientific research and in business practice (in this part, the authors rely on a review of existing research on joint consumption and descriptions of cases of operating companies in the field under study). For a systematic reproduction of the specifics and features of the business model, the authors use a previously developed approach that has been tested in a number of industry markets. Based on the identified specifics of the company’s business model, which operates on the principles of the sharing economy, new management goals and functions are identified, the implementation of which ensures the company’s success in the market.
Keywords:
sharing economy, business model, sustainable development
Downloads
References
Авдокушин Е.Ф., Белова Л.Г. 2018. Экономика совместного потребления — формирующийся сегмент новой экономики. Часть первая. Вопросы новой экономики 2 (46): 4-14.
Третьяк О.А., Климанов Д.Е. 2016. Использование сетевого подхода к анализу бизнес-модели: пример российского фармацевтического рынка. Российский журнал менеджмента Т. 14 (2): 77-100.
Лаукканен А. 2019. Ответственное потребление – реальная модель развития мира. Экология и право 76: 8-9.
Шаститко А.Е., Паршина Е.Н. 2016. Рынки с двусторонними сетевыми эффектами: спецификация предметной области. Современная конкуренция Т. 9 1 (55).
Acquier A., Daudigeos, T., & Pinkse, J. 2017. Promises and paradoxes of the sharing economy: An organizing framework. Technological Forecasting and Social Change (125): 1–10.
Ala-Mantila S., Ottelin J., Heinonen J., Junnila S. 2016. To each their own? The greenhouse gas impacts of intra-household sharing in different urban zones. Journal of Cleaner Production 135: 356–367.
Andreassen T.W., Lervik-Olsen L., Snyder H., Van Riel A.C.R., Sweeney J.C., Van Vaerenbergh Y. 2018. Business model innovation and value-creation: the triadic way. Journal of Service Management Vol. 29 (5): 883-906.
Baldwin C.Y., Woodard С.J. 2008. The architecture of platforms: a unified view. Harvard Business School Finance Working Paper 09-034.
Barnes S. J., Mattsson J. 2016. Understanding current and future issues in collaborative consumption: A four-stage Delphi study. Technological Forecasting and Social Change 104: 200–211.
Botsman R., Rogers R. 2010. Beyond Zipcar: Collaborative consumption. Harvard Business Review 88 (10): 30.
Botsman R., Rogers R. 2011. What's mine is yours: How collaborative consumption is changing the way we live. Collins: London.
Chase R. 2015. Peers Inc: How people and platforms are inventing the collaborative economy and reinventing capitalism. PublicAffairs.
Cheng M. 2016. Sharing economy: A review and agenda for future research. International Journal of Hospitality Management 57: 60–70.
Cohen, B., & Kietzmann, J. 2014. Ride On! Mobility Business Models for the Sharing Economy. Organization & Environment, 27(3), 279-296
De Leeuw T., Gössling T. 2016. Theorizing change revisited: An amended process model of institutional innovations and changes in institutional fields. Journal of Cleaner Production 135: 435–448.
Eckhardt G. M., Bardhi F. 2016. The relationship between access practices and economic systems. Journal of the Association for Consumer Research 1 (2): 210-225.
Eckhardt G.M., Bardhi F. 2015. The sharing economy isn't about sharing at all. Harvard Business Review 28 (01).
Eisenmann Т., Parker G., Marshall W. Van Alstyne. 2006. Strategies for two-sided markets. Harvard business review 84 (10): 92-101.
Evans D.S. 2003. Some empirical aspects of multi-sided platform industries. Review of Network Economics 2 (3): 191–209.
Felson M., Spaeth J.L. 1978. Community structure and collaborative consumption: A routine activity approach. American Behavioral Scientist Vol. 21 (4): 23.
Fraiberger S., Sundararajan A. 2015. Peer-to-peer rental markets in the sharing economy. SSRN Electronic Journal.
Gawer A. 2014. Bridging differing perspectives on technological platforms: Toward an integrative framework. Research Policy 43 (7): 1239–1249.
Gawer A., Cusumano M.A. 2008 How companies become platform leaders. MIT Sloan management review 49(2): 28.
Geissdoerfer M., Vladimirova D., Evans S. 2018. Sustainable business model innovation: a review. Journal of Cleaner Production Vol. 198: 401-416.
Guttentag D. 2015. Airbnb: disruptive innovation and the rise of an informal tourism accommodation sector. Current issues in Tourism 18 (12): 1192-1217.
Hagiu A., Wright J. 2015. Multi-sided platforms. International Journal of Industrial Organization Vol. 43. (Supplement C): 162-174.
Herbert M., Collin-Lachaud I. 2017. Collaborative practices and consumerist habitus: An analysis of the transformative mechanisms of collaborative consumption. Recherche et Applications En Marketing (English Edition) 32 (1): 40–60.
Hall J.V., Krueger A.B. 2018. An analysis of the labor market for Uber’s driver-partners in the United States. ILR Review Vol. 71 (3): 705-732.
Klimanov D., Tretyak O. 2019. Linking business model research and marketing: new network-based approach to business model analysis. Journal of Business & Industrial Marketing Vol. 34 (1): 117-136.
Kumar V., Lahiri A., Dogan O.B. 2018. A strategic framework for a profitable business model in the sharing economy. Industrial Marketing Management. (69): 147–160.
Martin C. J. 2016. The sharing economy: A pathway to sustainability or a nightmarish form of neoliberal capitalism? Ecological Economics 12: 149–159.
Muzellec L., Ronteau S., Lambkin M.. 2015. Two-sided Internet platforms: A business model lifecycle perspective. Industrial Marketing Management Vol. 45: 139-150.
Osterwalder, A. and Pigneur, Y. 2010. Business Model Generation, Wiley, Hoboken, NJ.
Pavlovich K., Corner P.D. 2014. Conscious enterprise emergence: Shared value creation through expanded conscious awareness. Journal of Business Ethics 121 (3): 341-251.
Poon K.Y., Huang, W.J. 2017. Past experience, traveler personality and tripographics on intention to use Airbnb. International Journal of Contemporary Hospitality Management Vol. 29 (9): 2425-2443.
Richter, C., Kraus, S., Brem, A., Durst, S. and Giselbrecht, C. 2017. Digital entrepreneurship: Innovative business models for the sharing economy. Creativity and Innovation Management, 26: 300–310
Rochet J.-C., Tirole J. 2003. Platform competition in two-sided markets. Journal of European Economic Association 1 (4): 990–1029.
Sundararajan, A. 2016. The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. Mit Press, 128-129
Tiwana A. 2014. Platform ecosystems: aligning architecture, governance, and strategy. Morgan Kaufmann.
Tussyadiah I. P. 2016. Factors of satisfaction and intention to use peer-to-peer ac-commodation. International Journal of Hospitality Management 55: 70-80.
Van Alstyne M.W., Parker G.G., Choudary S.P. 2016. Pipelines, platforms and the new rules of strategy. Harvard Business Review Vol. 94 (Issue 4): 54–62.
Yablonsky S.А. 2018. A multidimensional framework for digital platform innovation and management: from business to technological platforms. Systems research and behavioral science Vol. 35 (Issue 4).
Yablonsky S.А. 2013. Multisided platforms and markets: Basic approaches, concepts and practices. The Russian Management Journal Vol.11 (4): 57-78.
Yablonskiy S.A. 2019. Multisided platforms: current state and future research. Russian Management Journal 17 (4): 519– 546.
Wirtz, J., So K.K.F., Mody M., Liu S., Chun H. 2019. Platforms in the peer-to-peer sharing economy. Journal of Service Management 30 (4): 452–483.
Downloads
Published
How to Cite
Issue
Section
License
Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.