How are companies in the sharing economy like Uber, Lyft, and Airbnb changing the traditional norms of both business and products

Respuesta :

Firms sharing prosperity, and participating markets are the answers.

Some reasons are:-

  • Firms in the sharing prosperity like Uber, Lyft, etc should make an original marketing model of decentralization and technology mix. Now, the company does not have to buy or rent resources like Marriott but can make any business listed under its name, as done by Airbnb. More vocation is generated by it and is not concentrated on a few people.
  • participating markets make use of technology, and create a lot more extra job opportunities. For example in 20-30 % of the workforce is employed in sharing policies. and scaling them is easier. With only 10 years in life, Airbnb and Uber are everywhere around the globe, more than any other popular hotel chain, or cab service. Hence they are growing the traditional norms, by growing exponentially, creating a lot more jobs, and empowering common people in a peer-to-peer economy.
  • True, there can be several lessons. An example is the use of technology. It executes the business development better than what was traditionally done, whether it is Marriott's website and CRM helps understand people's demands or other cost-cutting purposes.
  • Additionally, popular companies can learn that business should be not be contained in a department amongst a few people but must be shared. It generates profession, authorizes people, and also helps businesses to grow at a higher rate. Hence, companies must create an ecosystem, that creates buyers and agents out of souls.
  • An extra lesson is to develop at a quicker rate. Participating economies understand how to evolve, and adjust to improving conditions in a faster way, which helps them beat the competition and expand globally in the unchartered township. Hence, get quick and accommodate.

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