Incumbents and business model innovation for the sharing economy: Implications for sustainability
By Francesca Ciulli, Ans Kolk. Journal of Cleaner Production, 2019
160 citations recorded by the source corpus.
In addition to fostering the rise of new players in various sectors, the sharing economy has attracted the attention of established companies, the so-called ‘incumbents’. Some incumbents have joined the sharing economy to both reap its emerging opportunities and tackle newcomers' competition. The entry of incumbents comes at a time in which the sharing economy, still in its initial stages, is the ‘battlefield’ between actors defending its original sustainability promise, based on the efficient use of resources, social bonding, non-monetized relationships and power of the communities, and those supporting the need to compromise on the principles, to ensure the sharing economy's expansion. Given incumbents' size and power, their entry is likely to significantly affect the shape of the sharing economy. Our study explores the implications for environmental, social and economic value creation of the different ways in which incumbents are changing their existing business models to join the sharing economy. We develop a typology of business model innovation for sharing, which stems from the literature on sustainable business models in particular, and present illustrative cases of incumbents' entry in the sharing economy. For every type adopted by incumbents, the sustainability dimensions are subsequently explored, considering both the benefits and drawbacks of incumbents' entry in the sharing economy. The final section concludes, and discusses implications for research, practice and policy.
Subfields: Automotive Engineering, Marketing, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/8e0dc3af145630ce6dafe615201bdeda6b5516ec
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Citations in the corpus
- The Impact of Knowledge Sharing and Innovation upon Sustainable Performance in Islamic Banks: A Mediation Analysis through an SEM Approach (2019, background): “Knowledge sharing among employees ensures the transfer of thoughts, information, insights and experiences, and consequently, becomes a source of creativity and innovation in organizations [18].”
- A decade of the sharing economy: Concepts, users, business and governance perspectives (2020, unknown): “…2018), sustainability connotations (Geissinger et al., 2019), the role of incumbents in affecting the landscape of the sharing economy (Ciulli and Kolk, 2019) and finally, the role of emotions and human agency in the dynamic interaction between companies, practices, and practitioners that shape…”