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Investigation - Research Report

Assessment Objectives

Comprehend economic concepts, principles and models as they apply to e-economics and the collaborative economy.
Select primary and secondary data and information and sources relevant to organizations in the collaborative economy based on their relevancy and reliability.
Analyze e-economic organizations by using data and information to interpret relationships, patterns and trends.
Evaluate economic outcomes regarding e-economic organizations to draw conclusions or make decisions and considering economic ideas and perspectives.
Create a response that communicates economic meaning to suit the intended purpose and demonstrate order, sequencing and development of ideas in a written report.

TASK: Investigate the operations of an organization in the shared / collaborative economy. You may choose from: Airbnb, Uber, Carsales.com, Kickstarter, Coworking, eBay, TaskRabbit, or your own choice approved by your teacher.

Collaborative Economy Investigation Research Report

How To Write What You Want To Say

Use the tabs to help you improve your writing. Each tab contains examples of sentence starters, connecting words, and sample paragraphs that demonstrate how to write in that style.

Hipwell, P. (2012). How to write what you want to say. Brisbane: Logon Literacy.

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Collaborative Economy Resources

http://bmtoolbox.net/patterns/

Private customers share access to products or services with other private customers – a platform serves as intermediary.

Making Sense Of The Many Business Models In The Sharing Economy Do we even know what the sharing economy is anymore? Breaking down all the business models, from for-profit, venture-backed corporations to small cooperative collectives.
The sharing econmy Also termed the sharing economy, the access economy, or the peer-to-peer economy, this new economic model is based on ‘access to’ rather than ‘ownership of’ physical and human assets like time, space and skills.
14 vital elements of Sharing Economy Business Model Here is a summary of 14 vital elements of the Sharing Economy Business Model that differentiate them to traditional business models:
What Is the Sharing Economy – Example Companies, Definition, Pros & Cons By making it easier to exchange resources on demand, the sharing economy increases efficiency. In many circumstances, it allows participants to get by without owning valuable items, such as cars, while creating opportunities for others to extract value from idle possessions or talents. It wouldn’t be possible without technology. Virtually all forms of collaborative consumption use the Internet to connect providers with customers, whether they’re renting a house through Airbnb or looking for a place to board their dogs. Anyone can participate in the sharing economy. In fact, whether you realize it or not, you probably already do. And, if you don’t yet, you probably will soon enough.
The 6 key trends for the sharing economy in Australia for 2016 See six key trends coming up this year for the sharing economy.
The sharing economy spooking big business This emergent sharing economy is a potential threat to established business models. If consumers are sharing things they already have, then they don’t need to buy something new - or at least, they don’t need to buy so often.
Global Sharing Week Celebrate the social impact of sharing The world is being transformed by sharing. And there's no better time to discover just how much of impact it has than Global Sharing Week. Add your sharing event to the GSW map and help us shift the focus away from what’s wrong with the world, to what’s right with it. No event is too small, no act of sharing too insignificant. From individuals to corporations, our annual mass engagement campaign is the largest because it celebrates all the wonders of the sharing economy.
The Top Sharing-Economy Platforms Helping Australians Earn Extra Cash Spacer, Camplify, Mad Paws and Zoom2u.
6 Ways to Redesign Your Business System to Transform Your Industry Find out how to change your business system to ensure that it's scaled up to become dominant and irreplaceable.
From our homes and food to our cars and clothes, sharing is 2015’s hottest trend Welcome to 2015, where collaborative consumption – aka the sharing economy – is as widely used as the fitspo hashtag.
Sharing Economy
DISCLAIMER: Wikipedia is an excellent resource for getting some general knowledge about a topic you know little about, however is NOT recommended as a source to cite in your assignments. Use the sources at the bottom of the article for your note taking and referencing.

Where to now?

Identify growth and changes / Discuss labour, capital and technology / Analyse trends, recent performances / Evaluate benefits to customers.

Source: Review of the collaborative economy in NSW

Where to now – predictions for the Sharing Economy in 2017 The Sharing Economy, now valued at close to $1b in NSW alone is one of the hottest sectors globally. At a time of skyrocketing valuations and mushrooming verticals, we have outlined some of the trends that we foresee taking place in the sector over the next 12 months.
Sharing economy sounds caring, but let’s put it to the ethical city test
Why people trust sharing economy strangers more than their colleagues Trust is a crucial element in any relationship, not least when financial transactions are taking place. The rise of sharing economy platforms such as Airbnb and Uber – where you pay a stranger for a service – are especially dependent on trust. Are they who they say they are? Will they deliver the service that they’ve promised?
2 in 3 Aussies use shared economy (Uber, eBay, Airbnb, and more) The data comes from RateSetter’s recent report titled the Sharing Economy Trust Index (SETI), a bi-annual report which collects data on Australia’s use of and attitudes towards the sharing economy.
Review of the collaborative economy in NSW **Interesting section of the report: 9.1 Potential areas of growth 9.2 Sectors with collaborative economy potential 9.3 Challenges to growth
Qld Government - Using Sharing Platforms Australian Consumer Law / Each party’s role / Terms and conditions / Pricing / Resolving issues /
Sharing economy rises: 1 in 6 Aussies have Airbnb account, 2.4m with Uber The 'sharing economy', or 'peer-to-peer' services, are being embraced by millions of consumers globally, but rules and regulations have not kept pace.
Sharing economy offers flexibility and efficiency to consumers The rapid growth of the sharing economy has generated a great deal of interest in both the private and public sectors. A 2014 PwC report estimates that the sharing economy will grow to $335 billion in value by 2025, up from $14 billion in 2014.
The sharing economy is a triple win for consumers, business and the environment Known as “the sharing economy”, this kind of collaborative consumption is also gaining political backing for the way that sharing goods encourages re-use and sustainability.
Sharing economy shakes up traditional business models If the issues of the sharing economy can be overcome, it could transform the business models on which the economy has relied for years
How shared economies are disrupting consumption patterns The new sharing sector will have a significant impact on society, as consumers and business move away from private ownership of assets to sharing assets, write Marion Steel and Neha Bajaj of RMIT University.

Organisation in a shared / collaborative economy

How Airbnb Works | Insights into Business & Revenue Model Airbnb is an online marketplace connecting travelers with local hosts. On one side, the platform enables people to list their available space and earn extra income in the form of rent. On the other, Airbnb enables travelers to book unique home stays from local hosts, saving them money and giving them a chance to interact with locals. Catering to the on demand travel industry, Airbnb is present in over 190 countries across the world.
Business Model Toolbox - Airbnb “The world’s largest accommodation provider, Airbnb, owns no property.”
How Airbnb created a new business model – and what you can learn from it UQ Business School - What can businesses learn from Airbnb?

**659 results on OneSearch for NC Databases

Airtasker - How it works
Airtasker Blog
How Australia’s top Airtasker made $171,000 using the service
The 37-year-old from west Melbourne has earned $171,000 through work found on Airtasker, completing a total of 172 tasks — on average he earnt around $1000 per job.

Amazon Business Model | How big is Amazon Started as a digital bookstore set up in the garage of Jeff Bezos, Amazon is now the world’s biggest online retailer dealing in every possible product and service you can think of. From books, music, videos, groceries, software, to web services, game studios, publishing houses, patents, etc. Amazon Business Model consists of all.
How does Amazon Work? Insights into Business Model and Revenue Analysis Amazon Business Model clarifies the key accomplices, key partners, key activities, value proposition, customer relationship, customer segment, cost structure and revenue streams of Amazon.
Amazon.com case study – 2018 update Amazon's business strategy, revenue model and culture of metrics: a history
How is the Amazon Business Model Profitable? Many analysts still contend that the company’s business model is not profitable. Conjecture aside, Amazon has long been one of the largest E Commerce corporations on the planet. The company’s services are often favored because they’re able to provide consumers with free shipping and extraordinary discounts on a variety of items. A former employee states that Amazon is making money in all retail operations, but is unprofitable overall due to its investment decisions.

carsales.com - Abput Us carsales.com Ltd (ASX: CAR) is the largest online automotive, motorcycle and marine classifieds business in Australia. Attracting more Australians interested in buying or selling cars, motorcycles, trucks, caravans and boats than any other classified group of websites. Together with its subsidiaries employing over 600 people in Australia, carsales develops world leading technology and advertising solutions that drive its business around the world. carsales.com Ltd has operations across the Asia Pacific region and has interests in leading online automotive classified businesses in Brazil, South Korea, Malaysia, Indonesia, Thailand and Mexico.
carsales.com.au: Effective business strategy for online success This Case Study examines the growth and development of carsales.com, given the increasing trend of consumers using online businesses to source products and services.
Pinching himself: a digital pioneer's sweet ride The founder of carsales.com.au started as a "software guy" and now runs a company worth $1.8 billion.
CARSALES.COM.AU is an A1 business, but is it cheap? The business of curating and providing lists can be an extremely lucrative one because there is no need for a warehouse or a manufacturing plant. Nor is there a need for inventory and there is potentially very little maintenance spending required.

Coworking Handbook: the coworking business book Learn how to open and manage a successful coworking space.
Coworking Space Business Model 101: Building More Revenue Streams With the recent developments regarding the rise of the space-as-service industry, selling your space itself just isn’t enough. Let’s dive into optimizing your Coworking space financial model!
The Future of Coworking “The word coworking won’t be a word in the future, it will probably just be the way we work.” -Rahul Prakash, partner at Hatch Today.
The Reasons For and Against Joining a Co-Working Space A collaborative-work environment isn’t for everyone. Before you decide to take the leap into co-working, consider the pros and cons:
Disadvantages of Coworking Be mindful of bias.
These are 11 of the best co-working spaces in Australia Read more at https://www.businessinsider.com.au/these-are-11-of-the-best-co-working-spaces-in-australia-2016-2#lA1YSo9XsLlYbXVd.99 **Look for the'picture advance' button under the first paragraph.

eBay - Our Company We're Creating a Better Form of Commerce We connect millions of buyers and sellers around the world, empowering people and creating economic opportunity for all.
eBay - Our History After spending Labor Day weekend at home writing code on his personal computer, eBay founder Pierre Omidyar launches AuctionWeb, a site "dedicated to bringing together buyers and sellers in an honest and open marketplace."
eBay - Responsible Business Behaving responsibly, ethically and sustainably We have created a trusted, transparent marketplace that’s based on the strong ethical values we follow as a business. We strive to operate in the most environmentally and socially sustainable way—creating a safe, trusted, diverse environment in which our employees, buyers, sellers, suppliers and partners can thrive.
eBay: The Original Sharing Economy Business Is A Great Value After PayPal Spinoff eBay pioneered the sharing economy business model 20 years ago and has become one of the most trusted marketplaces where buyers and sellers all over the world meet and exchange goods.
How does eBay Work? Insights into eBay Business Model
The eBay Business Model in September 1995, Pierre Omidyar created the online auction conglomerate known as eBay. Omidyar’s vision was to create a virtual marketplace for the sale of goods and services for and by individuals.

The Kickstarter Economy (Cover Story) he article profiles online company Kickstarter, which is one of the most successful companies on the Internet to promote and facilitate crowdfunding. Kickstarter founders Yancey Strickler, Perry Chen, and Charles Adler, explain how crowdfunding through Kickstarter and other similar websites helps entrepreneurs who cannot get funding from venture capitalists or angel investors. Other topics discussed include how the company benefited from the U.S. Congress' Jumpstart Our Business Startups (JOBS) Act, the company's contribution to documentaries and graphic novel publishing, and charts documenting how Kickstarter chooses which projects it will promote.
About Kickstarter Kickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality. To date, tens of thousands of creative projects — big and small — have come to life with the support of the Kickstarter community.
Kickstarter just rolled out a new feature that makes crowdfunding less sketchy If you browse through Kickstarter today, you might notice something different. On certain projects, you’ll see a little black badge in the lower left, just below the pitch video. These badges say “Hardware Studio,” and while they’re fairly easy to overlook and seemingly insignificant, they’re actually a big step forward not only for Kickstarter, but crowdfunding as a whole.

One Reason For Netflix's Success -- It Treats Employees Like Grownups Netflix is fond of saying it hires only “fully formed adults,” and the company treats them as such -- bestowing on them great amounts of freedom so they can take risks and innovate without being bogged down by process.
REVEALED: The Secrets To Netflix's Success A couple of years ago, Netflix published a summary of its management philosophy.This philosophy had already helped the company grow from a tiny DVD-by-mail company to a multi-billion-dollar disruptive behemoth. And Netflix has boomed since then.
How Netflix Reinvented HR People find the Netflix approach to talent and culture compelling for a few reasons. The most obvious one is that Netflix has been really successful: During 2013 alone its stock more than tripled, it won three Emmy awards, and its U.S. subscriber base grew to nearly 29 million. All that aside, the approach is compelling because it derives from common sense. In this article I’ll go beyond the bullet points to describe five ideas that have defined the way Netflix attracts, retains, and manages talent.
What B2B E-Commerce Stands to Learn from Uber and Netflix The one undeniable link among all of these applications was convenience. They were all designed to be “intuitive and speedy in their execution,” and most importantly simplify the lives of users. The lesson to be learned: Delivering a seamless buying experience for your customers will allow you to accelerate business.

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About TaskRabbit Revolutionizing Everyday Work Everyday work is important, but it’s also time consuming. We can help.
How TaskRabbit Works: Insights into Business & Revenue Model TaskRabbit is a two-sided marketplace that connects ‘TaskPosters,’ people who need help, with ‘TaskRabbits,’ a network of pre-approved and background checked individuals, who have the time and skills needed to complete the listed task. Hailed as godsend to people with more money than time, it allows people to outsource small jobs and tasks to others in their neighbourhood. TaskRabbit aims to help people take back their lives, be their own boss, help people out, and make some money.
TaskRabbit is blowing up its business model and becoming the Uber for everything Why an experiment in on-demand services just became the site's future
TaskRabbit reboots with new business model TaskRabbit announced on Tuesday plans for a new business model that discards the old auction-style website and aims to do a better job matching people who want to run errands and perform tasks for cash, and those who need tasks done for them.

Uber and the Ride-Sharing Industry: Overview As a popular ride-sharing application, Uber is an example of the emergent "sharing" economy. The sharing economy uses information technology, such as Internet-capable smartphones, to allow people to share and redistribute resources. It encourages people to borrow and trade goods and services with other people.
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6 Key Success Factors Behind Uber Growth Uber was founded in San Francisco, California in 2009. It started as a transportation network company that utilized licensed taxi drivers for its ridesharing services.
The secret behind Uber's success is surprisingly simple Look past the Uber hype and what you discover is a fascinating story about what happens when a business puts people first.
How Uber Used a Simplified Business Model to Disrupt the Taxi Industry
What B2B E-Commerce Stands to Learn from Uber and Netflix The one undeniable link among all of these applications was convenience. They were all designed to be “intuitive and speedy in their execution,” and most importantly simplify the lives of users. The lesson to be learned: Delivering a seamless buying experience for your customers will allow you to accelerate business.
Outdated regulations halt Uber in its tracks, but innovation must prevail When regulations are out of date, or can be circumvented by new technologies or new ways of doing things, new entrants can disrupt incumbents by innovating outside of the reach of regulators.

These are the top sharing-economy platforms helping Australian earn extra cash Spacer / Camplify / Mad Paws / Zoom Zu / Food by Us
Divvy - Is this the answer to city parking? Parking app Divvy aims to disrupt Melbourne, Sydney and Brisbane CBD car parking industry

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