BMGT 301 Chapter Notes - Chapter 9: Buy Side, Collaborative Consumption, Chegg

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 301
• Professor: Wei Chen

Document Summary

Consumption, and creating more efficient markets through technology. Some examples of firms often characterized as part of the sharing economy or. Pre-owned: ebay, craigslist (peer-to-peer supplied); thredup (firm-owned inventory). Loaner products: zilok (peer-to-peer supplied); renttherunway, chegg (firm-owned inventory): custom products: etsy, custommade. Personal services: angie"s list, taskrabbit: delivery: dashed (self-employed drivers for food delivery), drizly (drivers and alcohol inventory owned by suppliers). Transportation services: uber, lyft, hailo (cars supplied by drivers). Loaner vehicles: relay rides (peer-to-peer supplied), zipcar (firm-owned inventory): office space, office space: liquidspace, sharedesk (peer-to-peer supplied inventory). Places to stay: airbnb, homeaway, couchsurfing (peer-to-peer supplied inventory). 9. 2 boom times and looming challenges in the sharing economy. Encouraged to share by selling on ebay, renting out your basement, your car, etc. Environmental benefit of reuse and less consumption. Social media helps things go viral and gains trust. Ex: lyft uses social media to instill trust between drivers and customers.