Question

your project, venture is import & export compan

the qoustion is:

How would you incorporate the concept of collaborative consumption into your venture or business concept you are developing for this course? Include in your answer : a) the use of technology b) building trust c) barriers to overcome.

Answer 1

Ans:- Collaborative consumption talks about sharing of resources. The cost of resources are borne by large group or shared by peers. So to develop a import-export company, the different means to use collaborative consumption can be:-

a. Use of logistics to transport products to different parts of the world. To implement collaborative consumption, the company might used shared resources like trucks or trains to transport the material.

b. The implementation of free trade agreement between different countries is turning out to be an example of building trust.

c. The sharing of information and database infrastructre can also benefit companies to share the resources and reduce thier cost as well as getting benefit for mutual purpose.

d. Companies can use the resources from other organization by outsourcing their work. For ex:- IT or telecom department of a logistics firm can be run in a cost effective manner by a software and IT consultancy firm.

e. The barrier to overcome in collaborative consumption is the protection of confidential information of the company, not diluting the brand image or customer perception about the comapny.