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This content is taken from the RMIT University's online course, Business Futures: the Sharing Economy. Join the course to learn more.
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You learned this week about the implications of the sharing economy on consumption, behaviour of peer-to-peer sharing participants and their reliance on trust currency.

You considered how the environment benefits from the reuse of goods, how costs are reduced due to more efficient use of assets, and how regulators can make sense of it all. You also explored what strategies existing businesses might use to deal with, or successfully transition to the sharing economy. You then discussed how people looking to start a new business might best take advantage of what the sharing economy has to offer.

You completed a reflective task, using ideas from Week 1 to think about how to transition an existing traditional business to a sharing economy model. You also had to think about possible challenges you might face and how to deal with them.

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This article is from the free online course:

Business Futures: the Sharing Economy

RMIT University