By Kevin Govender
Is access the alternative to ownership?
In 2011, the sharing economy was dubbed by Time magazine as one of the ‘Ten ideas that will change the world’ and it has been widely hailed as a major growth sector, by sources ranging from Fortune magazine, to the World Economic Forum, to former President Obama.
Access to resources
The sharing economy is a new economic model that focuses on access to assets or resources, instead of ownership. It has exploded in popularity over recent years and has disrupted a significant number of mature industries such as accommodation, automotive, and entertainment.
The total value of the global sharing economy is estimated to grow from $14 billion in 2014 to $335 billion by 2025.
With limited resources, the desire to become more environmentally conscious, the high cost and burdens of ownership, and a rapidly growing population, living increasingly in densely populated cities, consumers are faced with greater challenges and opportunities to fill their consumption needs.
People are experiencing a significant value shift with a desire to reconnect with products and services in a more meaningful way, are becoming more cost and environmentally conscious, and are prioritising experience over ownership.
The evolution of the sharing economy
An organisation’s ability to reimagine and reinvent its business model to offer unique opportunities for humanising technology and developing innovative sharing platforms, such as Uber and Airbnb, would be a game changer for them.
While the 4th Industrial Revolution (4IR) and COVID-19 pandemic are influencing and changing consumer behaviour, organisations are facing a dilemma that is affecting the future of their profitability, existence, and sustainability.
In The Rise of the Sharing Economy, Kevin Govender shares his insights and expertise on the evolution of the sharing economy, consumer behaviour, and alternative business models, and empowers consumers to rediscover and realise the enormous benefits of access over ownership, and the potential savings in time, money, space and the opportunity.
Access is a cultural and socio-economic phenomenon that is transforming businesses, consumers, the way we live, work, learn, consume, commute and play.
Access is the new ownership.
About the author
Kevin Govender, author of The Rise of the Sharing Economy, is a Partner/Director at Deloitte.
He is an experienced business enterprise architect and strategist who has led and advised a wide range of organisations and projects, both locally and globally, including large business and technology transformation programmes, turnaround programmes, strategy development and business improvement initiatives across a diverse set of industries.
- PUBLISHER | Tracey McDonald Publishers |
- ISBN | 978-1-77626-098-0 |
- Recommended Retail Price | R320.00 |
- Classification | Economics |
For more information | Janine Daniel | +27 (0)83 327 3393 | mail me |
