From The Editors' Desks
June 1, 2017
The emergence of the sharing economy is creating waves. Leveraging on the ease with which data can be shared in this Internet age, businesses are increasingly optimising the use of resources and services to promote consumer satisfaction.
Our cover story writer Mr Martin Roll highlights how the sharing economy has brought about many benefits to today’s consumers by empowering them with information on availability, quality, and prices. This helps people to make better buying decisions.
The tremendous success of an idea like Airbnb over a short span of time clearly shows that the sharing economy is the way to go moving forward as it brings economic gains for those who participate in it. At the city level, sharing cars and bikes is bringing economic benefits as well as promoting comfort.
The sharing economy offers new opportunities to businesses to expand their offerings and thereby enlarge their markets. What is needed is a real change in corporate culture for today’s managers to interact more with their customers with the aim of enhancing the consumer experience. What is imperative is integrity and responsible actions to build trust: those are the foundations for business viability and sustainability.
I am sure all of you would have used Grab, Uber, or Airbnb at some point. You have officially been part of the sharing economy. In this issue, we look at how the sharing economy has changed the way some businesses are done.
I speak with rugby legend and current luxury sports brand owner, Mr Franck Mesnel in my column to get his views on management and leadership. Apart from the usual management and leadership related articles, we have an interesting take on what it is like to be a first-time author from an actual first-time author, Ms Clara Chow.
I hope that this issue is yet another interesting read for all of you. The mid-year mark is fast approaching and I truly hope that the year thus far has been as kind as it can possibly be.
Copyright © 2017 Singapore Institute of Management
Article Found In
Issue 2, 2017