18/01/2014
Today in the States we are hearing two buzz phrases that are showing Ribose that we are doing the right thing with our business on both a business and humanitarian level. This article talks about a new term called The Collaborative Economy is associated with sharing resources to reduce waste, but its primary focus is on the economics of collaboration and the efficiencies of networks. The Collaborative Economy seeks to harness crowds, collectives, communities and co-ops to co-create, co-ideate, co-design, co-fund, co-own, co-build, co-distribute, co-market, co-sell, co-profit and co-prosper.
While collaboration in business may seem counterintuitive to competition, many highly competitive industries such as auto and hospitality are adopting collaborative practices that are disrupting and innovating. Some call this “co-opetition,” while others call it “open API business” (a nod to the app-ification of our world).
The Collaborative Economy is associated with sharing resources to reduce waste, but its primary focus is on the economics of collaboration and the efficiencies of networks. The Collaborative Economy seeks to harness crowds, collectives, communities and co-ops to co-create, co-ideate, co-design, co-f...