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The sharing economy: Your business model's friend or foe?

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Abstract

The sharing economy, a rising pattern in consumption behavior that is based on accessing and reusing products to utilize idle capacity, presents both tremendous possibilities and significant threats for emerging as well as incumbent businesses. As of today, it is unclear whether this economy is merely another ephemeral trend in consumption or whether we are experiencing a real shift in how goods are accessed, distributed, and used. Furthermore, little is known about how existing business models are affected by the sharing economy. These two issues represent the central motivation for the development of this article. Consequently, an examination of why the sharing economy has the potential to produce a long-term transformation in consumption behavior is followed by a consideration of how this change might affect companies’ business models. Based on a renowned business model framework and a variety of current illustrative examples, we propose central questions managers must ask themselves in order to be prepared to respond to changes brought about by this new economic trend.

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... Managers prioritize extrinsic factors like convenience and efficiency, valuing CE platforms for streamlining processes and work-life balance (Hamari et al. 2016). Meanwhile, those facing financial difficulties turn to the CE for economic relief, benefiting from cost savings and empowerment through access to quality resources (Kathan et al. 2016). Thus, the following hypothesis is proposed: ...
... While authors like Kathan et al. (2016) pose collaborative platforms as a means to cope with economic hardship because of the opportunity to access resources they may not otherwise afford, our results reveal that occupation has a negative coefficient (β = −0.014, p < 0.01), indicating that individuals in certain occupations, such as manual laborers or those who are not employed, are less likely to perceive collaborative services as affordable. ...
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This study examines how sociodemographic factors influence engagement with the Collaborative Economy within the European Union, analyzing data from Flash Eurobarometer 467. Employing hierarchical clustering and multiple regression analyses, we explore the perceived advantages of Collaborative Economy participation across diverse demographic profiles. The findings reveal nuanced motivational patterns, with younger users emphasizing cost savings and flexibility, while older adults prioritize trust and community connections. Socioeconomic barriers, including technological hesitancy and limited rural infrastructure, hinder broader adoption. These insights inform targeted strategies to enhance participation and design inclusive platforms, advancing sustainable consumption models.
... Consistent with these very broad definitions of the B2B SE, research indicates that the concept of sharing in a B2B context is not novel (e.g., Ehret & Wirtz, 2017;Kathan et al., 2016, Puschmann & Alt, 2016. Research conducted prior to the emergence of the SE and companies such as Uber and Airbnb uses different terminology to refer to related concepts, such as non-ownership services (Wittkowski et al., 2013), nonownership business models (Bock et al., 2023), the industrial internet of things (Ehret & Wirtz, 2017), and product-service systems (Curtis, 2021;Ritter & Schanz, 2019;Tunn et al., 2019). ...
... Within these parameters, SE transactions and definitions vary based on the shared entity, which can either be capacityconstrained physical, non-digitizable assets-such as cars (Uber) and accommodations (Airbnb)-or digitizable assets, such as labor (TaskRabbit) or financial resources (Monzo and Wise; Eckhardt et al., 2019;Wirtz et al., 2019). Many definitions cover a wide range of tangible and intangible assets as well as dyadic and triadic (i.e., platform-mediated) business models (e.g., Choi et al., 2014;Eckhardt et al., 2019;Kathan et al., 2016;Kumar et al., 2018). Due to the prominence of Airbnb and Uber, however, SE research has primarily focused on capacity-constrained assets and platform-mediated business models. ...
... As a disruptive innovation, SE creates opportunities and challenges for entrepreneurs (Chuah et al., 2021;Ruiz-Alba et al., 2022). SE also creates opportunities for unemployed people, increasing social interactions, improving reciprocity, and enabling them to access resources that they might not otherwise have (Dillahunt & Malone, 2015;Kathan et al., 2016). Therefore, SE can improve social problems such as overconsumption, contamination, and scarcity (Hamari et al., 2016;Laukkanen & Tura, 2020). ...
... Risks include theft and damage of personal assets (Lutz et al., 2018), uncertainty and fear of opportunism caused by users' inability to evaluate products or services (Chen et al., 2014;Yang et al., 2019), cyberattacks on online operating systems that lead to personal information violations (Lutz et al., 2018), surveillance and ambiguous rules and regulations, trust in online platforms and particularly trust in strangers, which are critical issues and the main barriers to SE (Chen et al., 2014;So et al., 2018;Tussyadiah & Pesonen, 2018). In the era of the Fourth Industrial Revolution, SE is mentioned as a smart solution to manage resources (Grondys, 2019); however, to date, it has not been widely adopted (Hira, 2017;Kathan et al., 2016). Therefore, companies are missing out on the opportunities the Fourth Industrial Revolution offers. ...
... Finally, another subset of articles examine how a growing number of incumbent firms are adapting their business models by embracing the sharing economy (e.g., Ciulli & Kolk, 2019;Kathan et al., 2016). According to Kathan et al. (2016), traditional firms need to adapt their business models to properly compete with sharing economy platforms. ...
... Finally, another subset of articles examine how a growing number of incumbent firms are adapting their business models by embracing the sharing economy (e.g., Ciulli & Kolk, 2019;Kathan et al., 2016). According to Kathan et al. (2016), traditional firms need to adapt their business models to properly compete with sharing economy platforms. On the other hand, Ciulli and Kolk (2019) focus on the sustainability implications for traditional firms as they engage with the sharing economy. ...
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The sharing economy has altered transactions between providers and users in at least two pivotal ways. First, sharing economy offerings are often crowdsourced from a wide range of providers rather than a single firm. Second, these offerings are typically temporarily accessed rather than permanently owned. The effect of these two characteristics on how offerings are exchanged has generated considerable interest from scholars across a wide range of domains, including economics, management, and marketing. However, little is known about the impact of the sharing economy (and crowdsourced provision and temporary access), upon the way offerings are created. As a result, the degree to which innovation in the sharing economy differs from how it is typically conducted is largely unknown. Our research seeks to address this question. Specifically, we begin by reviewing the literature on innovation in the sharing economy and then offer a conceptual framework that focuses on the role of crowdsourced provision and temporary access within the innovation process. We then assess this framework by examining innovations introduced by Uber since its inception. In addition, we explore the degree to which sharing platforms differ from a typical profit maximizing firm by conducting an econometric analysis of the price differences between Uber and a traditional taxi service. We conclude by highlighting the implications of our research and suggesting avenues for future inquiry in this domain.
... Most accounts of the Anthropocene do not acknowledge its racial dimensions and ignore the critical role that slavery and colonialism played in creating this new geological epoch (Pulido, 2020). Even emerging management research on potential solutions to the climate crisis such as sustainable technologies (Voegtlin & Scherer, 2017), sharing economy (Kathan et al., 2016), and circular economy (Murray et al., 2017) often ignore the disproportionate vulnerabilities faced by communities of color and the implications of these solutions for them. ...
... Its proponents argue that sharing economy can lead to "sustainable economic growth" by reducing demand for ownership of products, thus reducing resource use and carbon emissions, while providing employment opportunities that stimulate economic growth (Cherry & Pidgeon, 2018). Management scholars argue that sharing economy offers innovative means to address climate change (e.g., "climate action" SDG 13) and unsustainable societal practices (e.g., "sustainable cities and communities" SDG 11) by facilitating common use of resources and collaborative consumption (Kathan et al., 2016) and promoting sustainable consumption and production (Cohen & Muñoz, 2016). For instance, Cohen and Kietzmann (2014) explored ridesharing (e.g., Uber), carsharing (e.g., Zipcar), and bike sharing as means for sustainable mobility and suggest that sharing economy can facilitate a radical shift toward sustainability across the world. ...
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In this paper, we are situated in postcolonial, decolonial, and feminist epistemologies to study environmental racism in the Anthropocene—a new geological epoch where human activity has changed the functioning of the earth. Drawing from critiques of the Anthropocene, the concept of racial capitalism, as well as environmental justice and racism scholarship, we show how proposed solutions to the climate crisis overlook and may even exacerbate racial injustices faced by communities of color. We contend that a climate justice agenda that is grounded on racial justice is necessary for our scholarship to develop a racially just management and organization studies (MOS). To accomplish this agenda, we propose three shifts: from studying elite institutions to researching grassroots organizations concerned with climate and racial justice, from uncritical endorsement of global technologies to studying local adaptation by communities of color, and from offering decontextualized climate solutions to unraveling racial histories that can help us address racial and climate injustices. We discuss the implications of these shifts for management research and education and argue that MOS cannot afford to ignore climate justice and racial justice—they are both inextricably linked, and one cannot be achieved without the other.
... While having taken various forms of exchange, there has been a growth in "collective exchange," a totally distinct type of transaction in which users access products and services offered by peers (Bardhi & Eckhardt, 2012;Belk, 2014;Benoit et al., 2017). Collaborative consumption has emerged as an appealing alternative to traditional market practices for consumers as it entails the peer-to-peer exchange of commodities and services for the purpose of giving or receiving access, facilitated by community-based online services (Kathan et al., 2016). ...
... This research contributes to further extending consumer brand engagement from traditional social media settings to a peer-to-peer based sharing platform (i.e. Airbnb) where users interact to get, provide, or share access to goods or services (Kathan et al., 2016). In such an interactive platform where consumers also act as co-producers of their experiences makes consumer brand engagement ideal to uncover the underlying psychological mechanism. ...
... The popularity and widespread adoption of collaborative consumption can be attributed to the numerous benefits it provides to both the participants -that is consumers and service providers -and the society at large, including cost efficiencies, increased convenience, maximized utility of resources, and environmental benefits (Eckhardt et al., 2019;Kathan, Matzler, & Veider, 2016;Lan et al., 2017). However, while these implications remain true, collaborative consumption also has some unintended negative consequences such as over-purchasing, overconsumption, waste, and contamination concerns (Hazée, Van Vaerenbergh, Delcourt, & Warlop, 2019;Parker et al., 2019). ...
... Our research makes several theoretical contributions. The first set of contributions speaks to the extant literature on collaborative consumption, which has been traditionally regarded as a socially, economically, and environmentally sustainable practice that brings benefits such as lower costs, convenience, and maximized utility of resources and sustainability (Kathan et al., 2016;Eckhardt et al., 2019;Lan et al., 2017). In the current research, the findings conversely suggest a dark side of collaborative consumption, that sharing one's assets with other consumers may reduce the consumption cycle-making peo-ple intend to sell and replace their shared assets more rapidly. ...
... By leveraging curated information and intelligent algorithms, they can recommend the top three suppliers for each IT project led by a technology contractor. As Kathan et al. (2016) point out, businesses are capitalizing on the swift progression of digitalization to generate additional value propositions, and different typologies of BMs frequently come from coevolutionary interactions between DTs, institutions, users, and strategies and ecosystems (Ancillai et al., 2023). ...
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Purpose Digital businesses defy the models and theories of traditional entrepreneurship. This study proposes a refined digital business model canvas (DBMC) to address digital entrepreneurship’s unique challenges and opportunities. Design/methodology/approach We conducted a systematic literature review alongside a double-round validation of semi-structured interviews and qualitative research. We interviewed digital entrepreneurs from university spin-offs until we reached data saturation in the first round, contributing to internal validity. Then, the new model was validated in the second round of interviews. Findings The DBMC successfully bridges gaps identified in the conventional BMC by enhancing strategic focus, clarifying financial planning and improving early adopter identification. Validation interviews confirm that the adapted framework is better aligned to the operational realities of digital ventures, reinforcing its theoretical contribution through a nuanced application of the resource-based view. Research limitations/implications The study’s qualitative design and sample from a single innovation agency may limit generalizability; further testing in diverse settings is recommended. Practical implications The DBMC provides a robust, adaptable framework for digital entrepreneurs, offering valuable insights for strategic planning, entrepreneurial education and policy development. It integrates new components – such as early adopters, investment sources, pricing and employee relationships – and adapts existing elements. Originality/value The originality is twofold: we examined the business model canvas using additional resources in a digital context, enhancing the likelihood of success for digital business practitioners; we also revamped Barney´s VRIO (value, rarity, imitability and organization) model, stressing the importance of resources and capabilities in the novel (digital) context.
... This broader phenomenon involves the strategic integration of digital technologies, which become the foundational infrastructure underpinning the transformation of traditional business models (Tilson et al., 2010). For example, Spotify is an example of digitalization, as it has changed the way consumers listen to music and the business model of traditional players in the industry (introduction of subscription payment model, music recommendations, royalty payment process) (Kathan et al., 2016;Saarikko et al., 2020). Another example is companies that operate on a sharing model, where multiple customers have access to and can use the product (Curtis & Mont, 2020). ...
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This study utilizes bibliometric analysis to review the academic literature systematically focused on the influence of digital transformation and digitalization on business and innovation research. A total of 700 articles in Scopus related to the research topic were analyzed. Trend analysis of digital transformation and digitalization, using Google Books Ngram Viewer and Google Trends, indicated the increasing curiosity in this theme in English books and search engines. The analysis of the dynamic of publications in Scopus showed a ten-time increase in research focusing on business, innovation and digital transformation. The performance analysis indicated the top 10 countries with the highest contribution to the research topic. The study then employed citation analysis to identify the most influential publications on the research topic in 2018-2023. Using the VOSviewer, the co-occurrence analysis identified the main thematic clusters of keywords and the evolution of the research themes over the past six years.
... Consequently, a research field concerned specifically with sharing economy business models (SEBM) has emerged (Curtis & Mont, 2020;Laukkanen & Tura, 2020). SEBM challenges both incumbent private sector actors (Kathan et al., 2016) as well as authorities (Koopman et al., 2015). Furthermore, business model innovation in companies outside the sharing economy responds to the development of sharing platforms (Espinosa Sáez et al., 2023). ...
... Concurrently, the emergence of the sharing economy [9] and the rise of digital platforms [10] highlight the trend of collaborative consumption [11] and resource redistribution [12]. This trend is facilitated by technological advancements and online community platforms. ...
... This can reduce resource use and greenhouse gas emissions (Cherry and Pidgeon, 2018;Schor, 2016). Conversely, the sharing economy may contribute negatively to sustainability outcomes due to negative rebound effects-net consumption may increase and current sharing practices may lead to adverse social and environmental impacts (Denegri-Knott, 2011;Kathan et al., 2016;Plepys and Singh, 2019;Schor, 2016). For example, Airbnb has been blamed for increased housing prices, depletion of local housing stock and gentrification, and displacement of local communities (Muñoz and Cohen, 2018). ...
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The expansion of short-term rental platforms like Airbnb and HomeAway has reshaped the hospitality sector, introducing competitive pressures for traditional hotels and influencing local communities in Greece. This study examines perceptions among 343 hoteliers and 277 Airbnb hosts across Greece, focusing on economic, competitive, and social impacts of Airbnb-type accommodations. This cross-sectional study used structured questionnaires to assess views on Airbnb’s contribution to tourism, competition, and economic performance. Results reveal significant differences in perceptions: hoteliers expressed concerns about increased competition and regulatory inequalities, often viewing Airbnb as a mixed or negative influence on local tourism. In contrast, Airbnb hosts perceived their accommodations as beneficial for tourism growth and local economic support. Key areas of divergence included perceived competitive pressures, impact on overnight stays, and pricing strategies, with Airbnb hosts reporting more frequent economic benefits. These findings emphasize the need for a balanced regulatory approach to ensure fair competition and sustainable growth in Greece’s tourism sector. By comparing the perspectives of traditional and alternative accommodation providers, this study provides insights for policymakers seeking to address evolving challenges in the Greek hospitality landscape.
... Kathan, Matzler, and Veider highlight that traditional industries are increasingly vulnerable to the disruptions caused by sharing platforms. [1] For instance, Airbnb has exerted significant pressure on the hotel industry by offering affordable and diverse accommodation options, compelling traditional hotels to revise their pricing strategies and service offerings. Similarly, WeWork's flexible co-working spaces have disrupted conventional office leasing practices, leading to higher vacancy rates and forcing property owners to adopt more flexible leasing terms. ...
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The objective of this paper is to review the extant literature on competition within the sharing economy. In recent years, the rapid expansion of the sharing economy has produced both positive and negative effects, particularly on traditional industries. This study examines the advantages and disadvantages brought about by the sharing economy and the competitive pressures it imposes on traditional firms. Faced with these challenges, traditional companies must adopt strategies to enhance their competitive capabilities. Drawing on a broad range of literature, this paper also discusses comprehensive responses that may assist traditional industries in adapting to the rise of the sharing economy. Additionally, the study underscores the pivotal role of government regulation in moderating competition in the sharing economy. It explores the potential consequences of inadequate regulatory oversight and proposes actionable measures that governments can implement to address these competitive dynamics. The paper concludes by offering implications for future research and practical insights for both policy and industry stakeholders.
... In this regard, sharing available resources and assets can mean cooperation for a more economical and sustainable life, particularly during economic recessions and periods of scarcity. In fact, many authors cite the 2008 economic crisis, which reduced household incomes, as an essential factor for the sharing economy to become so widespread (Allen & Berg, 2014;Richardson, 2015;Kathan et al., 2016;Sundararajan, 2016). Heinrichs (2013) considering the situation from a more economic perspective, that the economic crises of recent years have necessitated the development of new approaches alternative to the capitalist and over-consumerist approach and points to the sharing economy. ...
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This study examines the motivations influencing individuals' behavioral intention to participate in the sharing economy within the tourism industry. Based on existing literature, the study develops a conceptual framework to test the research hypotheses that encompasses six major motivations: economic benefits, sustainability, enjoyment, reputation, trust, and privacy. For this purpose, the quantitative research method is preferred and the data is collected from 398 Airbnb users in Istanbul through a face-to-face survey questionnaire. As a result of the study, the proposed Sharing Economy Motivation Scale (SEMS) is confirmed using exploratory and confirmatory factor analysis. The results of the path analysis also revealed that, all six motivations have a significant direct and positive influence on behavioral intention. In fact, trust emerged as the most influential motivation to behavioral intention, followed by privacy, enjoyment, sustainability, economic benefits and reputation. The research findings contribute to a greater understanding of the motivations behind participation in the sharing economy in tourism industry.
... This phenomenon is unavoidable because it has enabled customers to conduct a variety of transactions online in an effortless, convenient, and efficient manner. The success of marketplaces in bringing together sellers and buyers has altered how businesses operate and presents enormous opportunities for economic expansion (Kathan et al., 2016;Weinstein, 2020). Nonetheless, the growth of the market in Indonesia has led to an intensifying competition between various platforms. ...
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... Previously, the emphasis was exclusively on transitory access as a substitute for permanent ownership of resources. (e.g., Kathan et al., 2016), there is now a shift toward intermediate system technologies (Y. Chen & Wang, 2019). ...
Article
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Sharing-based accommodations services are experiencing rapid global growth, driven by their inherent advantages. Nevertheless, alongside the benefits, these services are also accompanied by costs and potential risks. Intriguingly, the factors impeding or restricting consumer adoption of sharing-based accommodations have not been comprehensively investigated thus far. This study utilized innovation resistance theory (IRT) to investigate the influence of various barriers on the intention to use sharing-based lodgings services. Additionally, this study extended IRT by examining the impact of personal characteristics (innovativeness and compatibility) on consumers’ perceived resistance and intention to use sharing-based accommodations services. A quota sample included 493 individuals who were aware of sharing-based accommodations services and had traveled within the past 6 months. Path analysis utilizing structural equation modeling was used to test the research hypotheses. The study’s findings demonstrated that several barriers have a detrimental impact on individuals’ intentions to engage in sharing-based accommodation, except for image barriers and usage barriers. In addition, consumers’ innovativeness and compatibility characteristics negatively impact barriers and positively impact intention to use sharing-based accommodations. Based on these findings, sharing-based accommodations providers, individuals or businesses providing accommodations, and localities providing tourism services can design more effective strategies to attract users.
... Instead, drivers have the flexibility to join the platform at any time and from any location within the service area. This flexibility has significantly contributed to the success and widespread adoption of sharing economy platforms (Kathan, Matzler, and Veider 2016). However, it also introduces operational challenges, particularly in balancing the supply of drivers with real-time consumer demand as driver availability is uncertain and not directly controlled by the platform. ...
Article
This paper proposes the use of heatmaps as a control lever to manage the probabilistic repositioning of independent drivers in crowdsourced delivery platforms. The platform aims to maximize order fulfillment by dynamically matching drivers and orders and selecting heatmaps that trigger the probabilistic flow of unmatched drivers to balance driver supply and delivery requests across the service region. We develop a Markov decision process (MDP) model to sequentially select matching and heatmap decisions in which the repositioning behavior of drivers is captured by a multinomial logit discrete choice model. Because of the curse of dimensionality and the endogenous uncertainty of driver repositioning, the MDP model is solved using a rolling-horizon stochastic lookahead policy. This policy decomposes matching and heatmap decisions into two optimization problems: a two-stage stochastic programming upper bounding problem for matching decisions and a mixed-integer programming problem for heatmap decisions. We also propose a simple policy for efficiently solving large-scale problems. An extensive computational study on instances derived from the Chicago ride-hailing data set is conducted. Computational experiments demonstrate the value of heatmaps in improving order fulfillment beyond the level achieved by matching alone (up to 25%) and identify conditions that affect the benefit of using heatmaps to guide driver repositioning. Funding: The authors gratefully acknowledge the support of the Natural Sciences and Engineering Research Council of Canada through Discovery Grants [Grants RGPIN-2024-04881, RGPIN-2020-04498, and RGPIN-2019-06207] awarded to the first, second, and third authors, respectively. Supplemental Material: The online appendix is available at https://doi.org/10.1287/trsc.2022.0418 .
... Based on these situations and conditions, in an effort to maintain community business activities, they continue to run (Kathan, Matzler, & Veider, 2016). Maintaining the health, security, and safety of the socio-cultural life of the community and restoring the community's economic burden gradually, consistently and sustainably. ...
Article
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The diversification of the business sector in Bali, particularly in the development of herbal medicinal products and traditional medical tourism, is essential for reducing the region's dependence on the tourism industry. This study aims to identify the strengths, weaknesses, opportunities, and threats faced by Catur Village, Kintamani, Bangli Regency in its efforts to develop these sectors. The research utilizes qualitative data, primarily gathered through interviews with key informants. SWOT analysis, encompassing both internal and external factors, was employed to analyze the data. The findings suggest that an aggressive expansion strategy, focused on community participation, the enhancement of herbal and traditional medical tourism products, and the implementation of digital marketing, is necessary for the village's sustainable development.
... But also, by presenting non-professional suppliers, this market can incur in service inefficiencies. Today, the collaborative economy is inseparably linked to the digital platforms that enable this type of consumption (Benkler, 2004;cohen & Kietzmann, 2014;Gansky, 2010;Grassmuck, 2012;Kathan et al., 2016). ...
Article
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Collaborative consumption has generated the appearance of new business models, such as those created by peer-to-peer platforms, such as AirBnB, focused on renting the accommodation of the users themselves to other users. The growing popularity of AirBnB has resulted in an emerging body of literature examining the factors that drive or deter consumers from choosing AirBnB (Sakr et al., 2024;). This work is based on a sample of 405 travellers who regularly use AirBnB to book accommodation on their journeys. They are asked about about their different motivations toward use of this type of reservation (e.g. hedonic, environmental sustainability, economic benefit, convenience, etc.), user personality values (i.e. individualism-collectivism; communal-exchange relationships), engagement with the AirBnB brand, and some personal characteristics (e.g. gender, age, education, economic situation, etc). A latent segmentation -through Latent Gold® software- was developed to obtain different profiles of AirBnB users based on above variables. Preliminary results show quite heterogeneity in the motivations and effects on the indicated dimensions. This helps to segment the users and detect different profiles with different motivational connections with the personal characteristics of users, engagement with this platform and their communal orientation about this type of sharing tourism. This motivational and physiological heterogeneity can make it easier for people to be reached through different communication strategies and arguments both by the tourism sector’s businesses and by public agencies with interests in city tourism management.
... The introduction of sustainable practices can support the desire of companies and countries to achieve global sustainable development Goals, which can enhance their reputation on the world stage [11]. These factors together form an environment in which sustainable development becomes an integral element of the competitiveness of both individual enterprises and national economies. ...
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The article is devoted to the economic prospects of reducing the negative impact on the environment through the introduction of the principles of sustainable development. The authors explore current challenges related to environmental issues and propose a promising path in the form of a transition to sustainable production and consumption models. It also analyzes what economic benefits can arise from the introduction of green technologies, energy-saving measures and sustainable practices in various sectors. Special attention is paid to the impact of such changes on reducing the environmental footprint of enterprises, improving resource efficiency and creating new jobs. The authors also discuss possible challenges and obstacles to sustainable development, suggesting strategies to overcome them. They consider the role of government policies, corporate responsibility and public awareness in creating an enabling environment for the transition to sustainable models. As a result, the article highlights the importance of a balanced approach to sustainable development, taking into account both environmental and economic aspects. The economic prospects presented in the article emphasize the need for active interaction between business, governments and society to achieve a sustainable future.
... Digital transformation is not synonymous with digitalisation. Digital transformation requires a combination of digitisation and digitalisation to improve or create new business models (Kathan et al., 2016;Kraus et al., 2022). Saarikko defines digital transformation as follows: "Digital transformation is the socio-cultural process of firms adapting to new organisational forms and skill sets required to remain viable and relevant in the digital space" (Saarikko et al., 2020;Appio et al., 2021;Rego et al., 2021). ...
Article
The rapid development of digital technologies, digital transformation, business innovation, and the emergence of such technologies as artificial intelligence, blockchain, the Internet of Things provides significant potential for transforming business processes and creating new innovative models. The trend analysis conducted in this article (using the Google Trends tool) around the world for 2009-2023 showed that public interest in “business innovation” was almost constant until 2021 (according to the GT Scale, it ranged from 0.25 to 0.5). After 2021, it increased (according to the GT Scale, it was more than 0.5). At the same time, public interest in “digital transformation” has significantly increased since 2014, reaching almost maximum values in 2020-2023 (0.75 – 1.00 on the GT Scale). This confirms a growing need in society to acquire new knowledge related to the ability of businesses to adapt to digital transformation, including through creating innovative developments. Unlike trend analysis, bibliometric and comparative analyses identify trends in developing interest in this topic not among ordinary citizens – users of the Google search platform ‒ but among scientists who publish the results of their research either in monographs or in authoritative peer-reviewed scientific journals indexed by leading scientometric databases. The comparative analysis conducted in the article using the Google Books Ngram Viewer (Google) tool, which displays the frequency of references to relevant terms in English-language books for 2009-2019 worldwide, showed similar trends: the persistence of scholars’ attention to business innovation, while their interest in digital transformation is growing: in 2009-2013 – a slight increase, in 2013-2019 ‒ a significant increase. In the bibliometric analysis, a five-level mechanism for limiting the research sample was applied: only English-language and most recent (for 2018-2022) scientific articles indexed by the Scopus database in the subject area of Business, Management and Accounting were subject to analysis. Based on these limitations, the research sample for the keyword “digital transformation” was reduced from 12131 to 1700 papers, and for “business innovation” from 865 to 70. The analysis of the published articles, their views and citations, carried out using the SciVal tool, fully confirmed the conclusions drawn from the trend and comparative analysis results. In terms of digital transformation, the leaders in terms of the number of papers and the number of views are Germany, Italy, the UK and the US; in terms of citations – the UK, Germany, the US, and in terms of individual scientists – Brazil and Germany. As for the topic of business innovation, the United States is the undisputed leader in all these parameters, followed by China and the United Kingdom. Some scientists from Germany and Spain also attract the attention of the academic community (in terms of views and citations). Changes in trends and research priorities in each of the studied topics were identified and described using SciVal (analysis of the reference dynamics to the top 50 keywords in articles for 2018-2023). For example, in 2023, compared to 2022, scientific interest in issues related to “value creation” (+61.5%), “incumbents” (+66.7%), “service economy” (+83.3%), “digital marketing” (+75.0%), and “design thinking” (+150.0%) increased the most. VOSviewer software made it possible to cluster the scientific work by thematic areas. The largest cluster on digital transformation relates this concept to small and medium-sized businesses and technologies, and the largest cluster on business innovation relates it to the development of small and medium-sized enterprises and the protection of property rights.
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Purpose: The objective of this study is to examine the impact of customer sentiment, digital trust, and service innovation on business continuity. The study will examine how operational flexibility serves as a moderating variable for peer-to-peer accommodation hosts in Indonesia.Method: A quantitative approach was employed, yielding 300 valid responses from active short-term rental hosts in Bali, Yogyakarta, and Bandung. Structural equation modeling (SEM) in SmartPLS was used to examine the direct and moderating effects.Findings: There are statistically significant positive relationships between customer sentiment, digital trust, service innovation, and business continuity. Additionally, operational flexibility significantly moderates the two relationships, amplifying the effect of the driving factors.Novelty: This study incorporates digital trust and service innovation as mediators and operational flexibility as a moderator to provide a comprehensive model for understanding the sustainability of the peer-to-peer accommodation business in the post-pandemic digital era.Implications: The results have important implications for digital platform managers and policymakers regarding strengthening platform trust, stimulating innovation, and creating flexibility to ensure the long-term sustainability of peer-to-peer firms.
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The study aims to identify literature trends to observe the relationship between "sustainability" and "digital transformation". The study aims to determine the contributions of sustainability and digital transformation to each other in the relevant field. The problem of the study is to determine how sustainability and digital transformation affect each other. The bibliometric analysis method was preferred to identify trends related to these concepts. VOSviwer 1.16.6 and RStudio-Biblioshyn programs were used, and 233 articles in the management and business category in the Web of Science Database were examined. According to the research findings, it is noteworthy that the concepts of sustainable development, sustainability performance, digitalisation and digital transformation were the focal points in the relevant field between 2010 and 2024, and the concepts of economic sustainability and social sustainability in 2023 and after. In 2024, the trend shifted to innovation, environmental sustainability, and dynamic capabilities studies. According to the study, sustainability and digital transformation studies have shown an increasing trend, especially after 2019. The possible reasons for this situation are discussed.
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Peer providers play a crucial role in the growth and sustainability of the sharing economy. However, the psychology and behavior of peer providers who assume the role of suppliers on sharing economy platforms have received insufficient attention in the literature. This study proposes a model that examines the role of warm glow emotion, perceived economic, social, and environmental benefits, and trust beliefs on attitudes and supply intentions on the platform. An online scenario-based survey involving 361 platform users was conducted, and data were analyzed using the partial least squares structural equation modeling technique. The results indicate that warm glow feelings positively influence peer-provider participation. A strong warm glow feeling can also reduce decision-making complexity by enhancing trust and attitudes towards sharing. Perceived social benefits emerge as the strongest predictor of attitudes, followed by trust beliefs and perceived economic benefits; surprisingly, the influence of perceived environmental benefits is dismissed. This study contributes to the sharing economy literature by elucidating the key emotional and psychological factors that precede peer-provider participation. It extends the warm glow-giving theory and emotion literature to contexts beyond charitable and environmental acts. Practical insights are discussed for planning and designing strategies to target peer providers.
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Repurchase Intention is part of consumer behaviour that aspires for repeat purchases on the products or services of an organization. Consumers begin with a consideration on the necessities to purchase. Continuing this, consumers then decided on how many products will be purchases. The aim of this paper is to investigate and examine the role of functional and emotional value creation in the relationship between customer ethical perceptions and social support sharing economy platform with repurchase intention. This paper selects 402 consumers using sharing economy platforms in Indonesia and tests the regression relationships of the five constructs using Structural Equation Model with the AMOS 24.00 tool. This finding indicates that social support and consumer ethical perception showed an important antecedent towards Functional Value Co-Creation and Emotional Value Co-Creation and that the two has a positive impact of Repurchase Intention. This suggests that Functional Value Co-Creation and Emotional Value Co-Creation possess an important role as a mediator between social support and consumer ethics perception with Repurchase Intention. With a literature review related to consumer behaviour, consumer ethics, value co-creation, and sharing economy platforms, this paper proposes a unique analysis on the relationship roadmap for customer participation and consumer ethics with Repurchase Intention
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Collaborative consumption, often associated with the sharing economy, takes place in organized systems or networks, in which participants conduct sharing activities in the form of renting, lending, trading, bartering, and swapping of goods, services, transportation solutions, space, or money. In this paper, a framework on the determinants of choosing a sharing option is developed and tested with two quantitative studies by applying partial least squares path modeling analysis. In study 1, users of the B2C car sharing service car2go (N = 236), and in study 2, users of the C2C online community accommodation marketplace Airbnb (N = 187) are surveyed. The results reveal the satisfaction and the likelihood of choosing a sharing option again to be predominantly explained by determinants serving users' self-benefit. Utility, trust, cost savings, and familiarity were found to be essential in both studies, while service quality and community belonging were identified solely in study 1. Four proposed determinants had no influence on any of the endogenous variables. This applies to environmental impact, internet capability, smartphone capability, and trend affinity. Finally, research and managerial implications are discussed. Copyright © 2015 John Wiley & Sons, Ltd.
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Instead of buying and owning products, consumers are increasingly interested in leasing and sharing them. Companies can benefit from the trend toward “collaborative consumption” through creative new approaches to defining and distributing their offerings.
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In the discussion of energy conservation, a great deal of attention has focused on mandated efficiency standards for cars and energy-using household appliances. (In this article, I will use the term "appliance" in a generic sense to cover household durables). Unfortunately, the estimates of energy savings predicted to result from these mandated standards are derived mechanically.' When mandated standards raise the appliance efficiency by 1 percent, demand is predicted to drop by 1 percent; when they raise efficiency by 2 percent, demand is predicted to drop by 2 percent; and so on. Examples of such results are found in reports by the Department of Energy (1979a, 1980) and by the Staff of the California Energy Commission (1979) on energy demand in California in the coming two decades.
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The product–service system (PSS) concept has been proposed as a way of dealing with unsustainable patterns of consumption in the business-to-consumer (B2C) domain. Existing alternatives to traditional consumption based on ownership, such as car sharing, communal washing centres and tool sharing schemes, indicate that more sustainable patterns of consumption may be found for other household functions. However, the low profile of these examples in society and on the market calls for a query into factors that may facilitate or hinder broader acceptance of more sustainable alternatives. In this study, the aforementioned examples are analysed from institutional and product–service system perspectives, and it is suggested that the embodiment of alternative consumption patterns into every day routines depends on institutional arrangements (regulatory and normative), on how the product–service systems are designed and applied in practice, and on the socio-cultural background of the society the systems are implemented in.
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Companies commercialize new ideas and technologies through their business models. While companies may have extensive investments and processes for exploring new ideas and technologies, they often have little if any ability to innovate the business models through which these inputs will pass. This matters - the same idea or technology taken to market through two different business models will yield two different economic outcomes. So it makes good business sense for companies to develop the capability to innovate their business models.This paper explores the barriers to business model innovation, which previous academic research has identified as including conflicts with existing assets and business models, as well as cognition in understanding these barriers. Processes of experimentation and effectuation, and the successful leadership of organizational change must be brought to bear in order to overcome these barriers. Some examples of business model innovation are provided to underline its importance, in hopes of inspiring managers and academics to take these challenges on.
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The shift from ownership to service use, often promoted in concepts of sustainability, has recently become available in private vehicle mobility. Currently 38 000 people in a number of European cities are participating. This example is used here, to analyze the characteristics of people sharing one ‘material’ product as well as to investigate which services they actually render. Different views on the latter imply different evaluations of the size of the market potential and different conclusions on the effectiveness of various policy instruments. When service use is a separate lifestyle, policy instruments have to ultimately foster it directly, rather than changing economic costs at the margin only.
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Master planned estates offer package dreams of homeownership to those wanting to live among others who share their lifestyle aspirations. Yet we show in this paper how divisions can arise between housing tenure types, with owner-occupiers constructing private rental tenants as a problem. Extending Bauman’s concept of the flawed consumer using Rose’s writings on ethopolitics, we show how renters are viewed as failing in three domains of social life: aesthetics, ethics and community by undermining the aesthetic value of the neighbourhood and by failing to demonstrate an ethic of care for themselves and others. As a result, the homeowners in this study try to avoid living among rental properties and are disappointed to find that, contrary to expectations, moving to a master planned estate does not guarantee this.
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In this paper ‘innovation’ is discussed as a strategy to change consumer behaviour to reduce the environmental impact of consumption. Innovation aims to improve the ‘production process’ of certain end results or ‘units of service’ for the consumer, which is defined as the ‘consumption technology’. This concept includes the entire organization of how these units of service are produced. ‘Eco-efficient services’ are introduced as an innovation strategy, based on theoretical considerations through which more eco-efficient consumption technologies and less environmentally damaging consumption behaviour could be realized. This strategy is explored through an empirical consumer behaviour study on commercial car sharing services in the Netherlands. Based on an inventory of the environmental effects of this approach, as exemplified by the car sharing schemes, it can tentatively be concluded that the eco-efficient services concept offers an interesting framework for reconsidering the current consumption practice and for generating innovative activities in industry. © 1998 John Wiley & Sons, Ltd and ERP Environment.
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