COMPASS IN ACTION
As we have seen, in some cases, like Rent the Runway, business model choices may evolve over time in response to user experiences, profitability expectations, societal impacts, or investor preferences. Importantly, the compass demonstrates there is a lot of grey in sharing business models. In fact, if one assumes that all sharing business models contain the six dimensions addressed in the Compass, and that all sharing startups must choose just one option within each dimension, this leads to a total possible of 729 unique business models. That is to say, there is a lot of diversity within the sharing business and this diversity has potentially significant implications for the scalability, profitability, investability, and the social and environmental impact of users and communities as a whole. Here's a few ideas of what the Compass (have done and) can do for start-ups, investors, incubators and policy-makers in the space. |
The Compass in the USA - The Sharing Economy Business Model Compass by Tanvi Kanakia
Tanvi Kanakia, MS Strategic Design and Management from the New School Parsons , transformed the Compass into an actual 3D generative tool for the sharing economy. This tool is helpful for anyone interested in venturing into the sharing economy.
Helping Sharing Economy Startups Design Their Business Models |
"In our course at Parsons, a lot of student groups are creating sharing economy start-ups. Often, the various aspects of the sharing economy are so new and misunderstood that students are lost when it comes to formulating their business models. When I came across your research, I felt this was the best tool I had come across for the sharing economy and that all other students must check it out." Tanvi Kanakia
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Ideation workshops - Anxious to Make
Anxious to Make is using the Compass in the delivery of ideation workshops to help tech + civic workers reimagine “sharing" platforms and design cooperative solutions for the post-capitalist future. |
Compass - Business models of the Future
Early in 2017, ESRC and ACCA highlighted the Compass as a key tool for the business models of the future. The authors emphasise: "A number of attempts have been made to categorise platform-based business models. The sharing business model compass provides six useful lenses for categorisation of the different phenomena an actor in this complex ecosystem might embody." |
Innovation tactics
Innovation tactics is using the Compass to deliver sharing economy consulting
More information: Sharing Economy and Pay per use
Innovation tactics is using the Compass to deliver sharing economy consulting
More information: Sharing Economy and Pay per use
BCN Sharing accelerator's Sharing Canvas
The Sharing Accelerator in Barcelona is using the Compass as part of the incubator's selection process. The value of the venture is assessed based on the Compass's dimensions.
The Sharing Accelerator in Barcelona is using the Compass as part of the incubator's selection process. The value of the venture is assessed based on the Compass's dimensions.
The Compass in Brazil - Bizcool Economia colaborativa
Bizcool is a Brazilian business accelerator, using the Compass as part of its entrepreneurship training programme.
Bizcool is a Brazilian business accelerator, using the Compass as part of its entrepreneurship training programme.
The Compass in Spain - Entrepreneurial Opportunities in the Sharing Economy
In December 2017, Albert Cañigueral from Consumo Colaborativo.com used the Compass to discuss Entrepreneurial Opportunities in the Sharing Economy at the “Oportunidades de Emprego, a través da Economía Social e das Novas Economías” event organised by the Concello da Coruña (Spain) |
The Compass in the EU
The Digital Single Market strategy aims to open up digital opportunities for people and business. They are using the Compass to guide business growth in the EU |
Share Revolution
Share Revolution is an online platform for the sharing economy, operating in 24 cities. They are using the Compass to guide their #p2p directory The Compass in Australia
Dr Jenny Kennedy, Research Fellow at the University of Melbourne, is using the compass to map out values between sharing networks in Melbourne. |
The Compass in Germany
Thomas Doennebrink, OuiShare Connector in Berlin & Germany, is using the Compass to discuss the definitional challenge in the sharing economy
Thomas Doennebrink, OuiShare Connector in Berlin & Germany, is using the Compass to discuss the definitional challenge in the sharing economy
The Compass in Ecuador
Juan Pablo Espinosa Burgos, entrepreneur, is using the Compass to discuss what is the collaborative economy at the Economia Colaborativa & OuiShare Quito meeting in Ecuador.
Juan Pablo Espinosa Burgos, entrepreneur, is using the Compass to discuss what is the collaborative economy at the Economia Colaborativa & OuiShare Quito meeting in Ecuador.
The Compass in Belgium
TransformaBxl is a Brussels-based co-work offering workspace and meeting rooms to entrepreneurs and organisations. They are change agents who strive to have a positive impact on society! |
Compass in Volans's Project Breakthrough
Compass is highlighted in this report, which profiles a set of business model features that are profoundly reshaping today’s markets. More information here |