DOI QR코드

DOI QR Code

The Sharing Economy Business Model per the Analysis of Value Attributes

공유경제 비즈니스 모델의 가치 요인 분석

  • 이준민 (서울대학교 기술경영경제정책대학원) ;
  • 황준석 (서울대학교 기술경영경제정책대학원) ;
  • 김종립 (서울대학교 기술경영경제정책대학원)
  • Received : 2016.10.17
  • Accepted : 2016.10.28
  • Published : 2016.12.31

Abstract

On account of multiple causes, including prolonged global economic crisis, addressing environmental pollution and the advent of hyper-connected society, a new paradigm called 'sharing economy' has rapidly emerged. Many startups have attempted to build promising business model based on the sharing economy concept. Nevertheless, successful cases are still very rare in the global level, except for Uber and Airbnb cases. Therefore, this study analyzes necessary causes and sufficient causes for successful settlements in the market through a comparative case analysis on digital matching firms in the sharing economy businesses. For the case study, we compare five successful cases (Uber, Airbnb, Kickstarter, TaskRabbit and DogVacay), three failure cases (Homejoy, Ridejoy and Tuterspree) and a platform cooperativism case (Juno) in accordance with six value attributes of business model including value proposition, market segment, value chain, cost structure and profit potential, value network and competitive strategy. We apply Boolean method to support controlled comparison and eliminate unnecessary attributes. The Boolean analysis result shows that value proposition, cost structure and profit potential, value network and competitive strategy are the essential attributes. Furthermore, the result indicates that each attribute is a necessary condition, where all four conditions should be met simultaneously in order to be successful. With this result, we discuss essential consideration for those who are planning startup based on the sharing economy business model.

Keywords

References

  1. Anand, P., "Uber Rival Juno to Give Drivers Shares in the Company Next Week", Buzz-FeedNEWS, 2016. Available at https://www.buzzfeed.com/priya/uber-rival-juno-to-give-drivers-equity-next-week?utm_term=.wt2GYY5Zl#.tcAlrrL1B.html (Accessed July 16, 2016).
  2. Applegate, L.M., "E-Business Models : Making Sense of the Internet Business Landscape", Upper Sadle River, N.J. : Prentice Hall, 2001.
  3. Belleflamme, P., T. Lambert, and A. Schwienbacher, "Crowdfunding : Tapping the Right Crowd", Journal of Business Venturing, Vol.29, No.5, 2014, 585-609. https://doi.org/10.1016/j.jbusvent.2013.07.003
  4. Botsman, R., "The Sharing Economy Lacks a Shared Definition", Fast Company, 2013. Available at https://www.fastcoexist.com/3022028/thesharing-economy-lacks-a-shared-definition.html (Accessed November 21, 2013).
  5. Botsman, R. and R. Rogers, What's Mine is Yours : How Collaborative Consumption is Changing the Way We Live, London : Collins, 2011.
  6. Burtch, G., A. Ghose, and S. Wattal, "An Empirical Examination of the Antecedents and Consequences of Contribution Patterns in Crowd-Funded Markets", Information Systems Research, Vol.24, No.3, 2013, 499-519. https://doi.org/10.1287/isre.1120.0468
  7. Chesbrough, H., "Business Model Innovation : Opportunities and Barriers", Long Range Planning, Vol.43, No.2, 2010, 354-363. https://doi.org/10.1016/j.lrp.2009.07.010
  8. Chesbrough, H. and R.S. Rosenbloom, "The Role of the Business Model in Capturing Value from Innovation : Evidence from Xerox Corporation's Technology Spin-Off Companies", Industrial and Corporate Change, Vol.11, No.3, 2002, 529-555. https://doi.org/10.1093/icc/11.3.529
  9. Cohen, B. and J. Kietzmann, "Ride on! Mobility Business Models for the Sharing Economy", Organization and Environment, Vol.27, No.3, 2014, 279-296. https://doi.org/10.1177/1086026614546199
  10. Cusumano, M.A., "How Traditional Firms Must Compete in the Sharing Economy", Communications of the ACM, Vol.58, No.1, 2015, 32-34. https://doi.org/10.1145/2688487
  11. Deep, A., "How Uber Works : Insights into Business and Revenue Model", Juggernaut, 2015a, Available at http://nextjuggernaut.com/blog/how-uber-works-business-model-revenueuber-insights.html (Accessed September 24, 2015).
  12. Deep, A., "How TaskRabbit Works : Insights into Business and Revenue Model", Juggernaut, 2015b, Available at http://nextjuggernaut.com/blog/how-task-rabbit-works-insights-into-business-revenue-model.html (Accessed August 10, 2015).
  13. Deep, A., "How Airbnb Works : Insights into Business and Revenue Model", Juggernaut, 2015c, Available at http://nextjuggernaut.com/blog/airbnb-business-model-canvashow-airbnb-works-revenue-insights.html (Accessed July 7, 2015).
  14. Dyal-Chand, R., "Regulating Sharing : The Sharing Economy as an Alternative Capitalist System", Tulane Law Review, Vol.90, No.2, 2015, 241-309.
  15. Flamm, M., "The Company for the Anti-Uber Crowd", Crain's New Your Business, 2016. Available at http://www.crainsnewyork.com/article/20160605/TECHNOLOGY/160609937/juno-the-company-for-the-anti-uber-crowd.html (Accessed June 5, 2016).
  16. Gordijn, J. and J.M. Akkermans, "Value-Based Requirements Engineering : Exploring Innovative E-Commerce Ideas", Requirements Engineering, Vol.8, No.2, 2003, 114-134. https://doi.org/10.1007/s00766-003-0169-x
  17. Hall, J.V. and A.B. Krueger, "An Analysis of the Labor Market for Uber's Driver-Partners in the United States", Princeton University Industrial Relations Section Working Paper, 2015, 587.
  18. Hwang, S.H., "At $68 Billion Valuation, Uber will be Bigger than GM, Ford, and Honda", THE GEAR, 2015, Available at http://thegear.co.kr/10264.html (Accessed December 7, 2015). (황승환, "우버 기업 가치 80조 육박, 포드와 GM추월", THE GEAR, 2015.)
  19. Ji, H.J., "Power of Crowd, Wisdom of Crowd", Crowd Research Institute, 2015. Available at http://www.crowdri.org/Article/Details/1264.html (Accessed March 18, 2015). (지현정, "성공한 크라우드펀딩에는 매력적인 리워드 설계가 있다", 크라우드산업연구소, 2015.)
  20. Johnson, M.W., C.M. Christensen, and H. Kagermann, "Reinventing Your Business Model", Harvard Business Review, Vol.86, No.12, 2008, 57-68.
  21. Kathan, W., K. Matzler, and Y. Veider, "The Sharing Economy Your Business Model's Friend or Foe", Business Horizons, Vol.59, No.6, 2016, 663-672. https://doi.org/10.1016/j.bushor.2016.06.006
  22. Kim, B.S., Reduction of Prejudice and Error, Bobmunsa, 2008. (김병섭, 편견과 오류 줄이기-조사연구의 논리와 기법, 법문사, 2008.)
  23. Koopman, C., M.D. Matthew, and T.D. Adam, "The Sharing Economy and Consumer Protection Regulation : The Case for Policy Change", The Journal of Business, Entrepreneurship and the Law, Vol.8, No.2, 2015, 529-545.
  24. Kwon, B.R. and J.S. Kim, "A Study on the Current Status of Crowdfunding and Legislative Activities", Electronics and Telecommunications Research Institute, 2013. (권보람, 김주성, "크라우드펀딩의 국내.외 현황 및 입법 동향 분석", 한국전자통신연구원, 2013.)
  25. Lessig, L., Remix : Making Art and Commerce Thrive in the Hybrid Economy, Penguin, 2008.
  26. Linder, J. and S. Cantrell, "Changing Business Models : Surveying the Landscape", Accenture Institute for Strategic Change, 2000.
  27. Magretta, J., "Why Business Models Matter", Harvard Business Review, Vol.80, No.5, 2002, 86-92.
  28. OECD, "Digital Economy Outlook", OECD Publishing, Paris, 2015, doi : http://dx.doi.org/10. 1787/9789264232440-en.html (Accessed July 15, 2015).
  29. Osterwalder, A. and Y. Pigneur, Business Model Generation : A Handbook for Visionaries, Game Changers, and Challengers, John Wiley and Sons, New York, 2010.
  30. Osterwalder, A., Y. Pigneur, and C.L. Tucci, "Clarifying Business Models Origins, Present, and Future of the Concept", Communications of the Association for Information Systems, Vol.16, No.1, 2005, 1-25.
  31. Oz, O., "Using Boolean-and Fuzzy-Logic-Based Methods to Analyze Multiple Case Study Evidence in Management Research", Journal of Management Inquiry, Vol.13, No.2, 2004, 166-179. https://doi.org/10.1177/1056492603260739
  32. Peppard, J. and A. Rylander, "From Value Chain to Value Network : Insights for Mobile Operators", European Management Journal, Vol.24, No.2, 2006, 128-141. https://doi.org/10.1016/j.emj.2006.03.003
  33. Petropoulos, G., "Uber and the Economic Impact of Sharing Economy Platforms", Breugel, 2016, Available at http://bruegel.org/2016/02/uber-and-the-economic-impact-of-sharing-economy-platforms.html (Accessed February 22, 2016).
  34. Petrovic, O., C. Kittl, and R.D. Teksten, "Developing Business Models for eBusiness", Proceedings of the International Conference on Electronic Commerce, 2001, doi: 10.2139/ssrn.1658505 (Accessed October 31, 2001).
  35. PwC, "Consumer Intelligence Series, The Sharing Economy", 2015, Available at http://www.pwc.com/us/en/industry/entertainmentmedia/publications/consumer-intelligenceseries/sharing-economy.html (Accessed April, 2015).
  36. Ragin, C.C., Fuzzy-Set Social Science, University of Chicago Press, 2000.
  37. Ragin, C.C., The Comparative Method : Moving Beyond Qualitative and Quantitative Strategies, Berkeley : Univ. Calif. Press, 1987.
  38. Reich, R., "The Share-the-Scraps Economy", 2015, Available at http://robertreich.org/post/109894095095.html (Accessed February 2, 2015).
  39. Rihoux, B. and A. Marx, "QCA, 25 Years after "The Comparative Method" : Mapping, Challenges, and Innovations-Mini-Symposium", Political Research Quarterly, Vol.66, No.1, 2013, 167-235. https://doi.org/10.1177/1065912912468269
  40. Schor, J., "Debating the Sharing Economy", Great Transition Initiative, 2014, Available at http://www.greattransition.org/publication/debating-the-sharing-economy.html (Accessed October, 2014).
  41. Sholz, T., "Platform Cooperativism : Challenging the Corporate Sharing Economy", New York : Rosa Luxemburg Stiftung, 2016, Available at http://www.rosalux-nyc.org/platformcooperativism-2 (Accessed January, 2016).
  42. Telles, R., "Digital Matching Firms : A New Definition in the Sharing Economy Space", U.S. Department of Commerce, ESA Issue Brief, 2016, Available at http://www.esa.gov/reports/digital-matching-firms-new-definition-%E2%80%9Csharing-economy%E2%80%9D-space.html (Accessed June 2, 2016).
  43. Yang, D., S. Kim, and C. Nam, "Fixed and Mobile Service Convergence and Reconfiguration of Telecommunications Value Chains", IEEE Wireless Communications, Vol.11, No.5, 2004, 42-47. https://doi.org/10.1109/MWC.2004.1351680
  44. Zervas, G., D. Proserpio, and J. Byers, "The Rise of the Sharing Economy : Estimating the Impact of Airbnb on the Hotel Industry", Boston U. School of Management Research Paper, No.2013-16, 2016.