Preview

Notes on Collaborative Consumption

Satisfactory Essays
Open Document
Open Document
286 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Notes on Collaborative Consumption
COLLABORATIVE CONSUMPTION
By Rachel Botsman

* Collaborative Consumption is not a flimsy idea or a short term trend but a powerful culture and economic force reinventing not just what we consumed but how we consumed it * Swap trading * Swaptree * “Coincidence of wants” * Collaborative behaviors and trust mechanics behind the swapping idea * Extremely dynamics technology enabling trust between strangers * Creates an economy of “what’s mine is yours” * Hyper consumption to collaborative consumption * Where the idea come from? * Crowdpower – example smart mobs * Power of numbers—moving from passive consumers * Peer to peer to revolution * Digital natives * Mobile collaboration – culture of me to we; connection age * Ponzi schemes

* 4 Drivers fused together creates a powerful shift to Collaborative Consumptions

* A renewed belief in the importance of community * A torrent of peer-to-peer social networks and real-time technologies * Pressing unresolved environmental concerns * A global recession that has fundamentally shocked consumer behaviors

* 3 Systems --- a coming together that allows people to share resources without sacrificing their lifestyles or their cherished personal freedom * Redistribution markets * Collaborative lifestyles – sharing of resources e.g. money, skills, time * One classic example is landshare in the UK * Product service systems – ideal for high idle capacity e.g. power drill what you need is a hole not a drill; rent a drill * How collaborative consumption change behavior * Example, car sharing (lowcardiet) * Technology makes sharing fictitious and fun * Sharing is to ownership; Solar power is to coal mine * I don’t want the DVD but the movie it carries; CD but the music it plays * I don’t want stuff, but the experience, the feel it gives * How fast this

You May Also Find These Documents Helpful

  • Better Essays

    175 pp. $COST (paper), ISBN:9781576753309. A system, by definition, is a set of principles or procedures according to which something is done; an organized scheme or method. Complying with or attempting to beat such a system is a relentless choice. Do we, as constituents of the organizations, believe in the purpose of the system, understand the value, or engage in the process of establishing said systems.…

    • 2048 Words
    • 9 Pages
    Better Essays
  • Best Essays

    MKTG203

    • 2545 Words
    • 8 Pages

    The family as a social unit has a major influence on the consumption-related behaviours of its members. This social unit is where our preparation as consumers commences, and also where it continues to grow for years. Families make up a majority of the consumption units for products and services within any society, with marketers from for-profit sectors, governments and non-profit sectors, often focusing on and targeting families.…

    • 2545 Words
    • 8 Pages
    Best Essays
  • Good Essays

    The level of consumption is getting higher day by day. People consume goods, buy and sell things in a variety of ways. In this presentation named “The Case for Collaborative Consumption”, Rachel Botsman provides us interesting information about a special type of consumption. She is a founder of The Collaborative Lab and co-author of the book What is Mine is Yours: The Rise of Collaborative Consumption. She has consulted to many companies and associations including local government. In the presentation, she tries to convince the audience that collaborative consumption is really powerful and economic force instead of short-term trend. She has described the collaboration and evolution of the process very well. Given examples, real-life experiences and statistical information from different sectors have made the presentation quite convincing. It definitely broadens one’s horizons.…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A system can be defined as “an organized whole made up of components that interact in a way distinct from their interaction with other entities and which endures over some period of time” (Anderson & Carter, 1990). A specific system that I identified in…

    • 655 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The discussion on human behaviour and our consumptions habits was engaging for me because it offered a different outlook than what we learned in class. It was interesting to observe Thiele’s sympathy towards our environmental actions as he says “The problem is that the future is a far off place, and the present has so many demands” (Thiele 15). UU 101 often forced us to critique our consumption habits. However, the fact that this generation was raised with capitalistic mindsets was often overlooked. Society has constructed norms which pressures individuals to purchase the latest items just to fit in.…

    • 817 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Consuming has always played an important part in the shaping of society. It is through consumption that society is able to grow; providing economic stability, numerous jobs and services to the masses. Over the years, people began to consume not only the goods that they needed to live, but many more luxury goods to complement their lifestyles. Society today places a high value on owning many things, and is more dependent than ever on the population’s spending to maintain a healthy economic environment. A society of this type is known as a consumer society.…

    • 1328 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Consumer Culture in America: yesterday it was limited, today we can’t get enough of it, stay tuned for what happens tomorrow.…

    • 1558 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Sociocultural factors influence and restrict consumption ideas, needs, desires and purchase behavior. People from different countries and different regions have different life patterns and different sociocultures. These differences directly influence the products that industries want to produce because people may even have different attitudes and value toward the same product due to different sociocultural factors. With the rapid development of modern society and the continuous improvement of living standards, the degree of attention paid to health has increased. “Franchise businesses continue to pay close attention to their customers' need for convenience, new flavors and, yes, healthier options” (Fenwick, 2011). In order to provide products that can satisfy consumers, Jamba Juice’s marketing team “reviews reports, health trends, product innovations, as well as consumer focus group input on what… [their] own consumers think… [they] should be offering” (Fenwick, 2011). Due to different socialcultures, Jamba Juice also introduces hot beverages and foods to their regular fruit smoothie menu to meet different customers with different desires in different areas.…

    • 1597 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Chapter 3

    • 6140 Words
    • 33 Pages

    A __________ is a system of values and norms that are shared among a group of people and that when…

    • 6140 Words
    • 33 Pages
    Powerful Essays
  • Better Essays

    Smart phones and other social media have snuck into every aspect of our lives. It’s the…

    • 1214 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    DVD's CDs and VHS videos. Music can be found in the order of new releases, seasonal tracks…

    • 1334 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    History is replete with examples of new products and technologies that may initially meet with enthusiasm but later reveal unanticipated negative consequences later on. As usage of information and communication technologies has soared over the past decade, social critics have worried about our seeming inability to disconnect. Cell phones use has increased in the past years because now it is really easy and economical to have one. Year into year cell phones become easier to use and more things have been added to make them capable of doing just about anything we want them to do. Today, except making and receiving calls and also texting messages, we can do a lot of interesting things with them. For example we can listen to music, record voice notes, make video clips, play games, take pictures, and access the internet and many other things. One of the most technologically pervasive influences over the past decade has been the mobile phone. Mobile phone emerged as one of the defining technologies of our time and is having an impact on society in terms of creating an informative, connected, culturally innovative, participative, and converging society and on personal life of users in many ways including time use, privacy emancipation, safety, individuality, status and confidence, competence in…

    • 359 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A consumer can be defined at its most basic level as “an individual who buys products or services for personal use.” There is a common misconception that we can only consume tangible products or things which we can physically use. However, as mentioned in the definition above we can also consume leisure activities- such as watching television, surfing the internet or going for a swim, we can consume education by attending school college or university in order to learn and enhance ourselves and we can even consume the NHS by using the health service to for our personal help – to make us feel better. That aside, for the purpose of this essay, I will emphasise the consumption of material goods in order to analyse the modern consumer, understand their needs and asses the issues, problems, challenges and attractions which affect consumers today.…

    • 1504 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    | | |Bagozzi, Richard P. and Paul Warshaw (1990), "Trying to Consume," Journal of Consumer |…

    • 13185 Words
    • 53 Pages
    Powerful Essays
  • Good Essays

    Ritzer, G. (2002). Journal of Consumer Culture. Revolutionizing the world of consumption: a review on three popular books , 2, 103-106.…

    • 1088 Words
    • 5 Pages
    Good Essays

Related Topics