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Sharing Economy
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services. It can be facilitated by nonprofit organizations, usually based on the concept of book-lending libraries, in which goods and services are provided for free (or sometimes for a modest subscription) or by commercial entities, in which a company provides a service to customers for profit. It relies on the will of the users to share and the overcoming of stranger danger. It provides benefits, for example can lower the GHG emissions of products by 77%-85%. Origins Dariusz Jemielniak and Aleksandra Przegalinska credit Marcus Felson and Joe L. Spaeth's academic article "''Community Structure and Collaborativ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social System
In sociology, a social system is the patterned network of relationships constituting a coherent whole that exist between individuals, groups, and institutions. It is the formal Social structure, structure of role and status that can form in a small, stable group. An individual may belong to multiple social System, systems at once; examples of social systems include nuclear family units, community, communities, City, cities, nations, college campuses, religions, corporations, and Industry (economics), industries. The organization and definition of groups within a social system depend on various shared properties such as location, Socioeconomics, socioeconomic status, race, religion, societal function, or other distinguishable features. Notable theorists The study of social systems is integral to the fields of sociology and public policy. Social systems have been studied for as long as sociology has existed. Talcott Parsons Talcott Parsons was the first to formulate a systematic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arun Sundararajan
Arun Sundararajan (Tamil: அருண் சுந்தர்ராஜன்) (born in the United Kingdom) is the Harold Price Professor of Entrepreneurship and Professor of Technology, Operations, and Statistics at the Stern School of Business, New York University. For 2010–12, he is the Distinguished Academic Fellow at the Center for IT and the Networked Economy, Indian School of Business. Sundararajan is an expert on the economics of digital goods and network effects. He also conducts research about network science and the socioeconomic transformation of India. Life and work Arun Sundararajan graduated from the Indian Institute of Technology Madras in 1993 with a BTech in electrical engineering. He subsequently attended the University of Rochester where he received an M.Phil. in operations research and a PhD in business administration. After he earned his doctorate, he joined the faculty at New York University, where his work focuses on the transformation of business a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Ritzer
George Ritzer (born October 14, 1940) is an American sociologist, professor, and author who has mainly studied globalization, metatheory, patterns of consumption, and modern/postmodern social theory. His concept of McDonaldization draws upon Max Weber's idea of rationalization through the lens of the fast food industry. He coined the term in a 1983 article for ''The Journal of American Culture,'' developing the concept in ''The McDonaldization of Society'' (1993), which is among the best selling monographs in the history of American sociology. Ritzer has written many general sociology books, including ''Introduction to Sociology'' (2012) and ''Essentials to Sociology'' (2014), and modern/postmodern social theory textbooks. Many of his works have been translated into over 20 languages, with over a dozen translations of ''The McDonaldization of Society'' alone''.'' Ritzer is currently a Distinguished Professor Emeritus at the University of Maryland, College Park. Biography ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lyft
Lyft, Inc. is an American company offering ride-hailing services, motorized scooters, and bicycle-sharing systems in the United States and Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. Lyft is the second-largest ridesharing company in the United States after Uber. History Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara campus to visit his girlfriend in Los Angeles and was seeking an easier way to share rides. In May 2013, the company changed its name from Zimride to Lyft. In July 2013, Lyft sold the original Zimride service to Enterprise Holdings, the parent com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uber
Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 15,000 cities worldwide. It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It coordinates an average of 28 million trips per day, and has coordinated 47 billion trips since its inception in 2010. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery. History In 2009, Garrett Camp, a co-founder of StumbleUpon, came up with the idea to create Uber to make it easier and cheaper to procure direct transportation. Camp and Travis Kalanick had spent $800 hiring a private driver on New Year's Eve, which they deemed excessive, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School. ''HBR'' is published six times a year and is headquartered in Brighton, Massachusetts. ''HBR'' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance. ''Harvard Business Review'' has published articles by Clayton Christensen, Peter F. Drucker, Justin Fox, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C. K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in ''HBR''. ''Harvard Business Review''s worldwide English-language circulation is 250,000. HBR licenses its content for pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Misnomer
A misnomer is a name that is incorrectly or unsuitably applied. Misnomers often arise because something was named long before its correct nature was known, or because an earlier form of something has been replaced by a later form to which the name no longer suitably applies. A misnomer may also be a word that is used incorrectly or misleadingly. The word "misnomer" does not mean " misunderstanding" or " popular misconception", and a number of misnomers remain in common usage — which is to say that a word being a misnomer does not necessarily make ''usage'' of the word incorrect. Sources of misnomers * An older name being retained after the thing itself has changed (e.g., tin can, mince meat pie, steamroller, tin foil, clothes iron, digital darkroom). This is essentially a metaphorical extension with the name of the older item standing for anything filling the same role. * Transference of a well-known product brand name into a genericized trademark (e.g., Xerox f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxymoron
An oxymoron (plurals: oxymorons and oxymora) is a figure of speech that Juxtaposition, juxtaposes concepts with opposite meanings within a word or in a phrase that is a self-contradiction (other), self-contradiction. As a rhetorical device, an oxymoron illustrates a point to communicate and reveal a paradox. A general meaning of "contradiction in terms" is recorded by the 1902 edition of the ''Oxford English Dictionary. The term ''oxymoron'' is first recorded as Latinized Greek ', in Maurus Servius Honoratus (c. AD 400); it is derived from the Ancient Greek, Greek word ' "sharp, keen, pointed" Retrieved 26 February 2013. and "dull, stupid, foolish"; as it were, "sharp-dull", "keenly stupid", or "pointedly foolish".. Retrieved 26 February 2013. "Pointedly foolish: a witty saying, the more pointed from being paradoxical or seemingly absurd." The word ''oxymoron'' is autological, i.e., it is itself an example of an oxymoron. The Greek compound word ', which would corre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platform Economy
The platform economy encompasses economic and social activities facilitated by digital platforms. These platforms — such as Amazon (company), Amazon, Airbnb, Uber, Microsoft and Google — serve as intermediaries between various groups of users, enabling interactions, transactions, collaboration, and innovation. The platform economy has experienced rapid growth, disrupting traditional business models and contributing significantly to the global economy. Platform businesses are characterized by their reliance on network effects, where the platform's value increases as more users join. This has allowed many platform companies to scale quickly and achieve global influence. Platform economies have also introduced novel challenges, such as the rise of precarious work arrangements in the gig economy, reduced labor protections, and concerns about tax evasion by platform operators. In addition, critics argue that platforms contribute to market concentration and increase inequality. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gig Worker
Gig workers are independent contractors, online platform workers, contract firm workers, on-demand workers, and temporary workers. Gig workers enter into formal agreements with on-demand companies to provide services to the company's clients. In many countries, the legal classification of gig workers is still being debated, with companies classifying their workers as "independent contractors", while organized labor advocates have been lobbying for them to be classified as "employees", which would legally require companies to provide the full suite of employee benefits like time-and-a-half for overtime, paid sick time, employer-provided health care, bargaining rights, and unemployment insurance, among others. In 2020, the voters in California approved 2020 California Proposition 22, which created a third worker classification whereby gig-worker-drivers are classified as contractors but get some benefits, such as minimum wage, mileage reimbursement, and others. Etymology of ''g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community-based Economics
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity, including traditional Mennonite, Amish, and modern eco-village communities. It is also a subject in urban economics, related to moral purchasing and local purchasing. The community-based economy can refer to the various initiatives coordinated through multiple forms of interactions. These interactions may involve some form of work performance; project participation; and/or relationship exchange. The forms of interaction can exclude the need to contract; can do away with the need to include some form of monetisation; as well as be free from the need to establish a structure of hierarchy. Community-based economies have been seen to involve aspects of social bonding; value promotion; and establishing community-orientated social goals. It has been suggested that communities that meet their own needs need ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business-to-customer
Direct-to-consumer (DTC or D2C) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or middlemen. Direct-to-consumer sales are usually transacted online, but direct-to-consumer brands may also operate physical retail spaces as a complement to their main e-commerce platform in a clicks-and-mortar business model. In the year 2021, direct-to-customer e-commerce sales in the United States were over $128 Billion. Examples of DTC brands currently in business include: Allbirds, Away, Dollar Shave Club, Everlane, Glossier, and Warby Parker. History Direct-to-consumer became immensely popular during the dot-com bubble of the late 1990s when it was mainly used to refer to online retailers who sold products and services to consumers through the Internet. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
