Question

1. Have you ever engaged in a “sharing economy” transaction (e.g., used Airbnb, Uber or Lyft)? If “yes,” what factors influenced your decision to do so? If “no,” what factors are influencing your decision to NOT do so?
2. The concept of a “sharing economy” (as we now know it) is a relatively new one. Describe some of the social, demographic, and technological trends and changes that have contributed to creation of this sharing economy. [NOTE: You may need to do some Internet research in order to address this question.]
3. Describe Airbnb’s Customer Value Proposition (i.e., how it creates value for each of the customer segments that it serves).
4. Regarding Airbnb’s Profit Formula, describe how Airbnb generates revenue from the customer segments it serves.
5. Does Airbnb have a competitive advantage relative to other firms similar to itself (e.g., Homeaway, Flipkey, and Onefinestay)? Explain and support your response. [NOTE: You will need to do some Internet research in order to address this question.]

Answer 1

Yes i also engaged in the sharing economy transactions through OLX .it's a consumer to consumer or business to consumer sharing business model. It's very impressive an growing sector of business in today's current world. The main factors to opt this sharing economy transaction given below ;-

--- low cost of transaction
--- cheap rate and quality and competitive goods and service.
--- The peer to peer interaction and better and free flow of communication.
-- easy accessiblity depend upon the needs and wants.

The concept of a 'sharing economy ' is relatively new trend on the economy. Which contribute many changes in the way of socially,demographical base and technological trends.

--- The social relationship and communication growth.
--- The growth and development each and every local areas in front of the business and customer point of view for their connection of transaction.
---The technological development in level of individual and the business and the transaction based.

The Airbind influence in these type of sharing economy concept is wide impact on the economy and business or corporate level in the service sector.The main positive element which is in the hand's of Airbnb is one of the creation of high customer value proposition.They create values for each of the customer segments on their attitude and needs and wants basic.
This customer satisfaction lead to a creation of better earnings in their area of service.
The Airbnb have individualised competitive advange over to other hotel buisness doing this similiar. Because of one time access to all over to the customers with their connection of hotel brands and customer.The customer oriented service and accessibility is most one to take very advantage in this Airbnb.