The new social game. The sharing economy and the Digital Revolution: An insight into changes in consumer habits.
Book
Publication Date:
2017
Short description:
The new social game. The sharing economy and the Digital Revolution: An insight into changes in consumer habits / Pellegrini, Davide; De Canio, Francesca. - (2017), pp. 1-102.
abstract:
Since the onset of the digital revolution, the traditional divide between
value creation – research and development, production and advertising – and
value distribution – sales, use and post-use – has been blurring. If we consider
the impact of digitalization in value chains we find a new and active role
for the customer in the value processes. Individuals and companies are
increasingly invited to exchange multiple inputs and outputs before, during
and after sales. The new contemporaneity and continuity in the creation,
distribution and consumption of products and services is gradually leading
to a new social game between parties. Companies are able to promote,
intermediate and intercept customer conversations, while individuals are
able to keep companies under non-contractual observation. Consequently,
the new overlap of social interaction and sale can generate a positive loop
between corporate and individual responsibility which brings the market
and society closer together.
Nevertheless, the increasing attempts by companies to promote, intermediate
and intercept individual conversations is opening up a new ideological
debate: is the new social game bringing new value for the gamers?
Are individuals acting as customers or as citizens? Is their work being
properly compensated? And lastly, are we seeing a truly new form of value
co-creation or simply a new form of exploitation?
This work examines theoretical implications of the growing overlap between
dialogue and sales, between the market and society or, more simply,
between money and gifts. A review of recent literature is followed by a
discussion of logics and empirical evidence, which leads into a focus on the
convergence currently taking place between the roles of the customer and
the citizen. We develop a new theory of convergence and test it through a specially developed model of a “co-value chain”. The model is applied to a
large number of recent case studies, providing a topical focus on implications
for management.
The findings of our qualitative analysis are confirmed by our quantitative
analysis: the active role of consumers in the new co-value chain involves
individuals and their expectations about money and gift benefits.
This leads to a growing interest on the part of the consumer in being a
dynamic actor in the value chain. Companies are thus taking a minor role,
as consumers become both producers and users of services. In many cases,
companies are mere facilitators of the service, while consumers are channel
leaders and drivers of service production and consumption. This phenomenon
of collaborative consumption is investigated in detail in the empirical
section at the end of the book, which conducts an analysis of Blablacar
and Airbnb.
Iris type:
Monografia/Trattato scientifico
Keywords:
Sharing economy; Collaborative Consumption; Digitalization; Emerging Business Models; Structural Equation Models
List of contributors: