WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 11, 2014
The Business Model for the Sharing Economy between SMEs
Author(s): Hyung Rim Choi, Min Je Cho, Kangbae Lee, Soon Goo Hong, Chae Ryeon Woo
Abstract: Because of the global economic recession, SMEs that are less competitive compared to conglomerates are facing difficulties in securing labor force, capital, and technology. As an alternative to address those difficulties, research is being conducted to introduce the “sharing economy,” in which activities that share, exchange, and lease resources in B2B transactions are carried out. However, the business model necessary for SMEs to actually introduce and utilize the sharing economy does not exist, which leads to other difficulties in introducing the B2B sharing economy. This research has presented the business model for the sharing economy that is necessary in the introduction and operation of the said economy among SMEs. In order to design the business model for the B2B sharing economy, this research has drawn the components needed to design the business model through a preceding study on existing business models. Based on this and the preceding study, this research has presented the business model, which can be introduced to the sharing economy among SMEs. In addition, following the presentation of the business model, the research has conducted a case study to confirm that the business model can explain the sharing economy.
Keywords: Sharing Economy, Business Model, Component, B2B, SMEs, Case Study
Pages: 625-634WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 11, 2014, Art. #58