Benefits and Limitations of Sharing Economy: A Case Study on Uber and Crowdsourcing Website

Running head: INFORMATION SYSTEMS IN BUSINESS
Information systems in business
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1INFORMATION SYSTEMS IN BUSINESS
Executive Summary:
The term “sharing economy” is increasing significantly at present and hence it is essential to
understand the presence condition. This report intends to find the presence condition of
sharing economy with the help of some real life instances. Moreover, the report intends to
focus on some benefits and limitations associated with this business strategy. Based on this, a
reflective analysis has been done.

2INFORMATION SYSTEMS IN BUSINESS
Table of Contents
Introduction:...............................................................................................................................3
The present status and examples of the sharing economy:........................................................4
Special case study on Uber:...................................................................................................5
Benefits and limitations of the sharing economy:......................................................................6
Benefits of the sharing economy:...........................................................................................6
Limitations of the sharing economy:......................................................................................7
Crowdsourcing website:.............................................................................................................8
Conclusion:..............................................................................................................................11
References:...............................................................................................................................13

3INFORMATION SYSTEMS IN BUSINESS
Introduction:
The term “sharing economy” represents a specific economic activity, where online
transactions take place. Through the peer-to-peer service, an open-source community offers
goods and services to its customers (Bratianu 2018). Hence, in modern world, this concept is
enhancing rapidly, where people are conducting their everyday transactions through online
while it sometimes cover the business-to-business (B2B) operational area as well. Thus, it
refers a model of hybrid market, where community-based online services offer peer-to-peer
transactions or a democratized market place. Hence, the resource circulation system can be
observed under this economy, where a consumer performs dual role, for instance, resource
provider and resource obtainer (Korhonen, Honkasalo and Seppälä 2018). Therefore, through
this collaborative consumption system, the comprehensive characteristic regarding the
dynamic role of a consumer can be understood, while an individual or a group earns money
by utilizing underused assets. Thus, physical assets are offered to customers in the form of
services, for instance, Uber and Lyft.
Within this sharing economy, various operational platforms take part, for instance,
platform of co-working, fashion, peer-to-peer lending and freelancing. Through co-working
platform, companies offer open workspaces while fashion platform offers people to purchase
or sell their clothes (Langley and Leyshon 2017). Moreover, under peer-to-peer lending,
people can lend money to others with a lower interest rate while the last one offers
freelancing works to people. Hence, this business report intends to find some benefits and
limitations associated with this economy after discussing the present conditions and examples
related to it. Moreover, a discussion based on crowd sourcing website is going to be done and
after that, a reflection on sharing economy can also be described.