Sharing Economies

Introduction With the contemporary world being the stage for many organizations to expand and many new start-ups to come in to play and with nearly all of the said businesses planning to one day go international, it is safe to assume that the concept of sharing economies is becoming problematic in the sense that it allows consumers to collaboratively share and exchange goods from each other and not require the services of an organization who will provide it at a higher price. Many contemporary business professionals have dubbed sharing economies as the third revolution that is to take place after the agricultural and industrial revolutions and the impact it may develop in the future is evident. For example, the app Travelocity has taken the entire travel agents industry out with a single algorithm. Apps like Uber and Air B&B are rivalling the established taxi companies and hotel chains. Recently, in 2015, a modified version of Uber to suit Sri Lanka called PickMe was released....