The New Business Model Consumers Optimal Economic...

Introduction The dramatic development of the Internet is making our life to constantly change and improve. In the past two years, some cellphone application (app) were in the explosive growth, for example, Airbnb and Uber. All the great successes they have made based on a concept - the â€Å"sharing economy†. The logic of these software is similar: the hands of users will be idle vehicles or take out housing resources, Uber and Airbnb will release these resources, in the form of information to the mobile terminal software and provide services to customers at low prices (Cannon Summersï ¼Å'2014; Matzler, Veider Kathan, 2014). The new business model brings customers significances, nevertheless, the rationality of the Sharing economy mode still exist many disputes, such as its regulatory responsibilities causes safety concerns. This paper will discuss whether the â€Å"sharing economy† is consumer s optimal economic interests by evaluating pro and cons respectively. Benefits to the consumer Wide range of options In numerous definition, Economist (2013) points out that the sharing economy needs information technology platforms in the market, which founded by a third party. With the aid of these platforms, individuals are able to exchange their underutilize items, share their knowledge, experience, or to raise funds for the Enterprise or an innovation project (Hartl, Hofmann Kirchler, 2015). This gives consumer opportunities to use other’s property to make idle assets moreShow MoreRelatedWal-Mart Internationalization15922 Words   |  64 Pagesairplanes, fax machines, global computers, and world televisions satellite broadcasting and most important the internet. These advances have allowed business corporations to widen substantially both their markets and their supplier sources. In the business world today, people refer to Globalization. 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