Jeremiah Owyang
What Companies Must Do When
Customers Share –Rather Than Buy
The Official SlideShare on the Collaborative ...
Jeremiah Owyang
Why is the crowd becoming more
powerful than companies?
Jeremiah Owyang
How much will it hurt when the crowd
doesn’t need to buy from companies?
Jeremiah Owyang
What should a company do to respond
and stay profitable?
Jeremiah Owyang
Why embrace a Collaborative Economy?
Jeremiah Owyang
Let’s look at the past to see where we’re going
Jeremiah Owyang
The First Era: A few people could
publish on the internet
Source: Altimeter Group, the Collaborative Econo...
Jeremiah Owyang
Few of us
can publish,
I talk, and you
listen.
Jeremiah Owyang
The Second Era: Anyone can publish
using social tools
Source: Altimeter Group, the Collaborative Economy R...
Jeremiah Owyang
Hmmm.
I’ve lost
media power.
We can
speak our minds,
and hear
trusted opinions.
Jeremiah Owyang
The Third Era: Usingsame social tools
people share products
Source: Altimeter Group, the Collaborative Eco...
Jeremiah Owyang
Using these social
sharing sites, I can easily
get products and services
I can getgoods at no
cost from fr...
Jeremiah Owyang
They stole
my cheese.
*Sniffle*
What role do corporations play if people
don’t need them?
Jeremiah Owyang
The first instinct is for companies to fight it
Jeremiah Owyang
But they don’t have to fight –they can join
Jeremiah Owyang
Ownership and access is shared
between corporations, startups and
people. The Collaborative Economy.
An Op...
Jeremiah Owyang
The only
way, is to let
go
to gainmore.
For companies to succeed in the
collaborative economy
Jeremiah Owyang
Question: Is this a business disruption?
Jeremiah Owyang
Sharing is not new, our Moms taught us
to do it!
Jeremiah Owyang
But now, people can use technology
to do it at a scale without boundaries
Jeremiah Owyang
Imagine you’re going on a business trip
And you can tap the crowd to get what you
need—without buying from...
Jeremiah Owyang
Transportation
Use another person’s car
–instead of a taxi corporation.
Jeremiah Owyang
Lyft enables crowd to be transportation
–avoiding taxis
Jeremiah Owyang
Hospitality
…use AirBnb and stay
at someone’s house
–rather than a hotel.
Jeremiah Owyang
AirBnb enables crowd to be a hotel
Jeremiah Owyang
Funding
…use peer lending websites to
borrow money from the crowd
–rather than go to a bank.
Jeremiah Owyang
LendingClub enables crowd to be a bank
Jeremiah Owyang
Staffing
…hire people from the crowd
–rather than working with traditional
staffing agencies or HR.
Jeremiah Owyang
oDesk enables crowd to be a workforce
Jeremiah Owyang
Facilities
…rent office space from other companies
that have extra space–rather than work
with a tradition...
Jeremiah Owyang
LiquidSpace enables companies to
rent from each other
Jeremiah Owyang
Food and beverage
…enjoy a home cooked meal from
someone’s home kitchen—rather
than eat at a restaurant.
Jeremiah Owyang
Feastly enables your neighbors’ kitchens
to be a restaurant
Jeremiah Owyang
Goods and products
…get goods and products from the
crowd at no cost for our office and home
–rather than ...
Jeremiah Owyang
Yerdle enables neighbors to gift goods
–rather than buy
Jeremiah Owyang
The impact of sharing can be quite severe
Customers can buy once –and share
many times amongst each other
...
Jeremiah Owyang
A properly shared car is…
$270,000
Lost Revenue
of Auto Sales
(1 shared car = 9 cars at
average of $30k ea...
Jeremiah Owyang
What’s causing this? Three major factors.
Jeremiah Owyang
Societal factors: Access is more
important than ownership
• Younger generation, or saddled by debt, are
re...
Jeremiah Owyang
Economic factors: Activate idle
resources
• As population
grows, earth’s
resources stay
fixed.
• It means ...
Jeremiah Owyang
Technology enables easy sharing globally
and locally
• 87 phones per 100
people on planet
• Three quarters...
Jeremiah Owyang
Venture Investors fuel this movement –
these startups won’t go away in near time.
Out of 200 collaborative...
Jeremiah Owyang
The sharing
revolution is
an unstoppable
movement*
*Caveat: The only way to stop
this movement, is to stop...
Jeremiah Owyang
What can companies do when they’ve lost
power to the crowd?
There is a solution
Jeremiah Owyang
Collaborative Economy: Value Chain
The key is to change the
way we think:
• Products become services
• Ser...
Jeremiah Owyang
1) Company as a Service
• Products become services
• Customers want access to
products, but may not want
t...
Jeremiah Owyang
Company as a service isn’t new!
Jeremiah Owyang
Reality: Toyota and BMW rent cars,
as a service
• For companies that have high
durable goods, unattainable...
Jeremiah Owyang
Dollar Shave Club offers razors as a service
Jeremiah Owyang
Peugeot offers Mobility as a service
–even renting vans, cars, buses, and bikes
Jeremiah Owyang
2) Motivate a Markeplace
• Shift services to become a
marketplace
• Motivating a marketplace is
specific. ...
Jeremiah Owyang
Shifting services to become a marketplace
• If your company offers
services, like a hospitality
company se...
Jeremiah Owyang
Motivate a Market
• People are bypassing hotels
to stay at unique
experiences, using websites
like Airbnb....
Jeremiah Owyang
Motivate a Market
• Marriot would then funnel
trusted guests, perhaps
from a loyalty program, and
even off...
Jeremiah Owyang
ScotteVest enables second market
Jeremiah Owyang
Patagonia enables second market and
altruism
Jeremiah Owyang
3) Collaborative Economy: Value Chain
• In this third
phase, companies who
have marketplaces, must
activat...
Jeremiah Owyang
Provide a Platform
This is the hardest
level –but yields the
most benefits.
Jeremiah Owyang
Collaboration
Many startups are already
collaborating with users:
-Ideation sites like
UserVoice co-ideate...
Jeremiah Owyang
Imagine if collaboration was extended to:
• Co Funding
• Co Ideation
• Co Creation
• Co Distribution
• Co ...
Jeremiah Owyang
Co-Fund new products like Kickstarter
Jeremiah Owyang
Co-Design products like Nike
Jeremiah Owyang
Co-Develop like Quirkly
Jeremiah Owyang
Co-Customize like Etsy
Jeremiah Owyang
Co-Produce with 3D Printers
Jeremiah Owyang
Co-Storage of Products with Lockitron
Jeremiah Owyang
Co-Deliver with Deliv
Jeremiah Owyang
A crowd built a car: Wikispeed
Community led project that:
Is crowd co-funded, co-
designed, and co-built ...
Jeremiah Owyang
Collaboration
It may be hard to tell the
difference between
employees and customers
as new products are bu...
Jeremiah Owyang
Radical –but Efficient: The Crowd
Becomes the Company
In this future state, the crowd will efficiently ful...
Jeremiah Owyang
Collaborative Economy: Value Chain
• The advanced company
will deploy all three
strategies.
• Startups tha...
Jeremiah Owyang
What will challengeus as we
move forward?
Jeremiah Owyang
Opposing Market Forces Abound
1. Corporate mindset wants to
hold onto control –and
revenue models
2. Many
...
Jeremiah Owyang
What are your benefits for letting go to
the collaborative economy?
Jeremiah Owyang
More efficient, as the crowd
helps you
1
2 A long-term relationship
with your vested customers
3 New value...
Jeremiah Owyang
Collaborative Goal: Activate the market
around you
Opportunity – Harness
new business
transactions that yo...
Jeremiah Owyang
To gain this new economy
and market, you must leap
across, leaving behind old
business models
Jeremiah Owyang
The Collaborative Economy
Jeremiah Owyang
Industry Analyst
@jowyang
web-strategist.com
owyang.jeremiah@gma...
Re-imagine
Your presentations
info@reximedia.com
925-406-0921
Prochain SlideShare
Chargement dans…5
×

Story Board: The Collaborative Economy for Corporations (Official Slideshare Version)

256 455 vues

Publié le

You may have read the report, the "Collaborative Economy Value Chain" now read the official slideshare storyboard version.

This slideshare deck sets up the challenges, gives examples, explores causes, but provides three recommendations for corporations to adopt the Collaborative Economy

Publié dans : Business, Technologie
33 commentaires
344 j’aime
Statistiques
Remarques
  • Jeremiah, great information here, thank you. I was wondering if companies in the sharing economy still use Porter's value chain, or if they use another tool to represent their primary and suport activities?
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • @SanKu Jo There are no companies operating a massive scale in the Collaborative Economy, we're in the very early days. See this timeline of brands in the space, most are experimenting, partnering with startups, or sponsoring these startups http://www.web-strategist.com/blog/2014/10/16/timeline-corporations-in-the-collaborative-economy-ver-2-oct-2014/
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • @Vasundhara Rastogi Sorry for delay in responding, I didn't see this till now. Yes there's a few listed here, like H&M, Patagonia and others http://www.web-strategist.com/blog/2014/10/16/timeline-corporations-in-the-collaborative-economy-ver-2-oct-2014/
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • I am doing my master thesis on Collaboration strategy the industries follow and my area of interest is fashion. Could you guide me through some effective information?
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Jeremiah, thanks for your great insights. You introduced lots of big companies doing business of the sharing economy. Do you know any case doing it very seriously in large scale competing against airbnb or uber for example?
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
Aucun téléchargement
Vues
Nombre de vues
256 455
Sur SlideShare
0
Issues des intégrations
0
Intégrations
56 103
Actions
Partages
0
Téléchargements
2 929
Commentaires
33
J’aime
344
Intégrations 0
Aucune incorporation

Aucune remarque pour cette diapositive

Story Board: The Collaborative Economy for Corporations (Official Slideshare Version)

  1. Jeremiah Owyang What Companies Must Do When Customers Share –Rather Than Buy The Official SlideShare on the Collaborative Economy Jeremiah Owyang Industry Analyst
  2. Jeremiah Owyang Why is the crowd becoming more powerful than companies?
  3. Jeremiah Owyang How much will it hurt when the crowd doesn’t need to buy from companies?
  4. Jeremiah Owyang What should a company do to respond and stay profitable?
  5. Jeremiah Owyang Why embrace a Collaborative Economy?
  6. Jeremiah Owyang Let’s look at the past to see where we’re going
  7. Jeremiah Owyang The First Era: A few people could publish on the internet Source: Altimeter Group, the Collaborative Economy Report, 2013
  8. Jeremiah Owyang Few of us can publish, I talk, and you listen.
  9. Jeremiah Owyang The Second Era: Anyone can publish using social tools Source: Altimeter Group, the Collaborative Economy Report, 2013
  10. Jeremiah Owyang Hmmm. I’ve lost media power. We can speak our minds, and hear trusted opinions.
  11. Jeremiah Owyang The Third Era: Usingsame social tools people share products Source: Altimeter Group, the Collaborative Economy Report, 2013
  12. Jeremiah Owyang Using these social sharing sites, I can easily get products and services I can getgoods at no cost from friends. I don’t need to shop at companies.
  13. Jeremiah Owyang They stole my cheese. *Sniffle* What role do corporations play if people don’t need them?
  14. Jeremiah Owyang The first instinct is for companies to fight it
  15. Jeremiah Owyang But they don’t have to fight –they can join
  16. Jeremiah Owyang Ownership and access is shared between corporations, startups and people. The Collaborative Economy. An Opportunity: A New Economic Model
  17. Jeremiah Owyang The only way, is to let go to gainmore. For companies to succeed in the collaborative economy
  18. Jeremiah Owyang Question: Is this a business disruption?
  19. Jeremiah Owyang Sharing is not new, our Moms taught us to do it!
  20. Jeremiah Owyang But now, people can use technology to do it at a scale without boundaries
  21. Jeremiah Owyang Imagine you’re going on a business trip And you can tap the crowd to get what you need—without buying from companies
  22. Jeremiah Owyang Transportation Use another person’s car –instead of a taxi corporation.
  23. Jeremiah Owyang Lyft enables crowd to be transportation –avoiding taxis
  24. Jeremiah Owyang Hospitality …use AirBnb and stay at someone’s house –rather than a hotel.
  25. Jeremiah Owyang AirBnb enables crowd to be a hotel
  26. Jeremiah Owyang Funding …use peer lending websites to borrow money from the crowd –rather than go to a bank.
  27. Jeremiah Owyang LendingClub enables crowd to be a bank
  28. Jeremiah Owyang Staffing …hire people from the crowd –rather than working with traditional staffing agencies or HR.
  29. Jeremiah Owyang oDesk enables crowd to be a workforce
  30. Jeremiah Owyang Facilities …rent office space from other companies that have extra space–rather than work with a traditional property manager.
  31. Jeremiah Owyang LiquidSpace enables companies to rent from each other
  32. Jeremiah Owyang Food and beverage …enjoy a home cooked meal from someone’s home kitchen—rather than eat at a restaurant.
  33. Jeremiah Owyang Feastly enables your neighbors’ kitchens to be a restaurant
  34. Jeremiah Owyang Goods and products …get goods and products from the crowd at no cost for our office and home –rather than buying at a store.
  35. Jeremiah Owyang Yerdle enables neighbors to gift goods –rather than buy
  36. Jeremiah Owyang The impact of sharing can be quite severe Customers can buy once –and share many times amongst each other –reducing the need to buy again.
  37. Jeremiah Owyang A properly shared car is… $270,000 Lost Revenue of Auto Sales (1 shared car = 9 cars at average of $30k each.)
  38. Jeremiah Owyang What’s causing this? Three major factors.
  39. Jeremiah Owyang Societal factors: Access is more important than ownership • Younger generation, or saddled by debt, are realizing access to goods is better than owning them. • Population density and many global cultures are accustomed to sharing. • It means, people don’t need to buy and own things to get what they need.
  40. Jeremiah Owyang Economic factors: Activate idle resources • As population grows, earth’s resources stay fixed. • It means that: ―it pays to buy quality, especiall y when we can re-use or resell to others.‖
  41. Jeremiah Owyang Technology enables easy sharing globally and locally • 87 phones per 100 people on planet • Three quarters of startups use social tech like Facebook
  42. Jeremiah Owyang Venture Investors fuel this movement – these startups won’t go away in near time. Out of 200 collaborative economy startups, total funding was over $2 billion Of those funded, the average was $28 million (May 2013, Lyft raised $60m)
  43. Jeremiah Owyang The sharing revolution is an unstoppable movement* *Caveat: The only way to stop this movement, is to stop the internet.
  44. Jeremiah Owyang What can companies do when they’ve lost power to the crowd? There is a solution
  45. Jeremiah Owyang Collaborative Economy: Value Chain The key is to change the way we think: • Products become services • Services become marketplaces • Marketplaces build your products
  46. Jeremiah Owyang 1) Company as a Service • Products become services • Customers want access to products, but may not want to own them • Companies must change the relationship and offer • Renting • subscribing • or event lending.
  47. Jeremiah Owyang Company as a service isn’t new!
  48. Jeremiah Owyang Reality: Toyota and BMW rent cars, as a service • For companies that have high durable goods, unattainable luxuries, idle inventories, or high consideration purchases, allow them to now be a service. • Example: Toyota and BMW now rent cars from their dealership in SF bay area. • To get ahead of changing consumer needs, Toyota and BMW are now services.
  49. Jeremiah Owyang Dollar Shave Club offers razors as a service
  50. Jeremiah Owyang Peugeot offers Mobility as a service –even renting vans, cars, buses, and bikes
  51. Jeremiah Owyang 2) Motivate a Markeplace • Shift services to become a marketplace • Motivating a marketplace is specific. You can’t own the marketplace, you can’t manage it, you simply must help usher them along. In this use case, the goal is to get the people to do these actions among themselves.
  52. Jeremiah Owyang Shifting services to become a marketplace • If your company offers services, like a hospitality company serves guests, then learn how to tap into the marketplaces that are already forming in the sharing economy. • There are a number of new activities that people can perform, including resell, co-own, swap goods, lend to each other, or gifting.
  53. Jeremiah Owyang Motivate a Market • People are bypassing hotels to stay at unique experiences, using websites like Airbnb. • Example: Rather than stand by the wayside, Lewis discovered a new market opportunity for his guest room to be certified as Marriott certified. • A large brand brings TRUST.
  54. Jeremiah Owyang Motivate a Market • Marriot would then funnel trusted guests, perhaps from a loyalty program, and even offer maid, food, or concierge services. • Everyone wins: Lewis gets a trusted guest, the guest gets a local experience at a certified home, and Marriot gets a cut of the transactions –that they would have missed out on completely.
  55. Jeremiah Owyang ScotteVest enables second market
  56. Jeremiah Owyang Patagonia enables second market and altruism
  57. Jeremiah Owyang 3) Collaborative Economy: Value Chain • In this third phase, companies who have marketplaces, must activate them to build their future products. • We call this ―provide a platform.‖It means that companies must empower their crowds to build future products and services.
  58. Jeremiah Owyang Provide a Platform This is the hardest level –but yields the most benefits.
  59. Jeremiah Owyang Collaboration Many startups are already collaborating with users: -Ideation sites like UserVoice co-ideate new products -Kickststarter co-funds new ideas -Quickly co-builds new products
  60. Jeremiah Owyang Imagine if collaboration was extended to: • Co Funding • Co Ideation • Co Creation • Co Distribution • Co Marketing • Co Selling • Co Revenue
  61. Jeremiah Owyang Co-Fund new products like Kickstarter
  62. Jeremiah Owyang Co-Design products like Nike
  63. Jeremiah Owyang Co-Develop like Quirkly
  64. Jeremiah Owyang Co-Customize like Etsy
  65. Jeremiah Owyang Co-Produce with 3D Printers
  66. Jeremiah Owyang Co-Storage of Products with Lockitron
  67. Jeremiah Owyang Co-Deliver with Deliv
  68. Jeremiah Owyang A crowd built a car: Wikispeed Community led project that: Is crowd co-funded, co- designed, and co-built a working 100MPG car. The crowd designs components, 3D prints them, and mails them to central location for assembly. Car is being sold at $25K per auto.
  69. Jeremiah Owyang Collaboration It may be hard to tell the difference between employees and customers as new products are built from the crowd. But the costs of building are leveraged by the crowd, reducing the costs of the company.
  70. Jeremiah Owyang Radical –but Efficient: The Crowd Becomes the Company In this future state, the crowd will efficiently fulfill nearly all corporate functions. The only thing remaining,could be ecommerce software and a logo!
  71. Jeremiah Owyang Collaborative Economy: Value Chain • The advanced company will deploy all three strategies. • Startups that partner with corporations have opportunities that others don’t.
  72. Jeremiah Owyang What will challengeus as we move forward?
  73. Jeremiah Owyang Opposing Market Forces Abound 1. Corporate mindset wants to hold onto control –and revenue models 2. Many governments, lobbyists, and institutions oppose 3. Fragmented startup scene creates confusion 4. Excess of startups creates uncertainty on which will last
  74. Jeremiah Owyang What are your benefits for letting go to the collaborative economy?
  75. Jeremiah Owyang More efficient, as the crowd helps you 1 2 A long-term relationship with your vested customers 3 New value created between people, means new revenues 4 If you act now, you will have first mover advantage Benefits to letting go
  76. Jeremiah Owyang Collaborative Goal: Activate the market around you Opportunity – Harness new business transactions that you were missing out on. Take 20% cut from every market transaction. Sell new value-added services.
  77. Jeremiah Owyang To gain this new economy and market, you must leap across, leaving behind old business models
  78. Jeremiah Owyang The Collaborative Economy Jeremiah Owyang Industry Analyst @jowyang web-strategist.com owyang.jeremiah@gmail.com
  79. Re-imagine Your presentations info@reximedia.com 925-406-0921

×