WHAT S MINE IS YOURS: BUILDING A BRIDGE TO SUCCESS IN THE SHARING ECONOMY

Transcription

1 WHAT S MINE IS YOURS: BUILDING A BRIDGE TO SUCCESS IN THE SHARING ECONOMY Barbara A. Myers, CAE COO, IMN Solutions Thursday, July 28, :30 AM 12:00 PM

2 Learning Objectives What is the Sharing Economy? How is the Sharing Economy comprised? What are opportunities, challenges and implications of the shared economy for professional societies? Discussion of strategies, tactics and ideas for success in the shared economy group brainstorm! 2

3 What is the Sharing Economy? An economic system of decentralized networks and marketplaces that unlock the value of underused assets by matching needs and haves, in ways that bypass traditional institutions Many other terms based on on the benefit (e.g. access), behavior (e.g. sharing), business model (rental) or market structures (e.g. peer-to-peer) Includes a diverse and innovative group of companies and nonprofit organizations that are driving consumer choice through the internet sector and changing the way we shop, travel, do our laundry, rent cars, improve our homes, learn and much more! MUCH MORE THAN AIRBNB and UBER! 3

4 4 The Sharing Economy in the News

5 Other Facts About the Sharing Economy Based on trust, transparency and human connection Utilizes excess capacity Allows ordinary people to be micro-entrepreneurs Economic empowering and democracizing the economy people centered Better for the environment Community resilience Valued at billons of dollars Where social media was 10 years ago Very disruptive 5

6 Resources for the Sharing Economy

7 The Sharing Economy In Action An Afghani woman can start her own business using a loan from a young consultant in New York City via Kiva. A janitor can exchange an hour of repair work for tax advice from an accountant through TimeBanks. A seasoned teacher in Boston can share lesson plans with a first time teacher in Texas through Khan Academy. 7

8 8 The Sharing Economy by the Numbers

9 9 The Sharing Economy by the Numbers

10 The Sharing Economy by the Numbers 10

11 The Sharing Economy by the Numbers 11

12 The Sharing Economy by the Numbers 12

13 Worker Support Learning Wellness & Beauty Municipal Money Goods Health Space Food Utilities Mobility Services Services Logistics Vehicle Sharing Corporations and Organizations Analytics and Reputation 13

14 14 Worker Support

15 15 Learning

16 16 Wellness & Beauty

17 17 Municipal

18 18 Money

19 19 Goods

20 20 Health

21 21 Space

22 22 Food

23 23 Utilities

24 24 Mobility Services

25 25 Services

26 26 Logistics

27 27 Vehicle Sharing

28 28 Corporations and Organizations

29 29 Analytics and Reputation

30 How Can Societies Tap Into Full Potential of the Sharing Economy? Societies and nonprofit organizations should lead the sharing economy. Offers societies new possibilities for innovation and efficiency along with new paradigms to move from scarcity to abundance. Educate yourself and think creatively about how your organization can benefit from the growing movement to connect people, stretch resources, and foster collaborations that lead to program innovation. 30

31 31 Operations Staffing Sharing a highly skilled workforce consider sharesourcing vs. outsourcing Shared back office operations New Program Development Sharing economy business models can transform how societies match people s haves with people s wants Innovative Asset Utilization Create online libraries of assets (such as office space or equipment) and skills (such as fundraising) to share or barter with other individuals or organizations Space Work space sharing with like-organizations or shared work solutions (e.g WeWork) for costs savings

32 Budget and Finance Utilize ready made platforms for crowdfunding new products, services or programs Innovative partnerships with sharing apps that support nonprofit societies and organizations for innovative fundraising 32

33 Meetings and Events 33

34 Group Exercise! As Executive Director/CEO of your Society, your Board has asked you to integrate leveraging the shared economy into your next long-range strategic plan to include: 3 strategies for leveraging existing shared economy resources for greater organizational performance, efficiency and/or mission fulfillment 1 new product/service/program based on a business model enabled by the sharing mindset 34

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36 Let s Share More Ideas! Barbara A. Myers, CAE COO, IMN Solutions Cell: bmyers@imnsolutions.com 36