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Traditional Businesses Should Be Worried

Angela Baldwin | March 21, 2015

Traditional Businesses Should Be Worried

1425261168952Rachel Botsman is a speaker, author and a thought leader for the collaborative economy. She defined the theory of collaborative consumption back in 2010 and recently wrote an article in the Australian Financial Review about how online marketplaces will replace big service firms. 

"But one thing is clear – traditional firms should be worried, very worried. Never mind being the next Kodak, Blockbuster or Borders – today's challenge is to not be the next taxi or hotel company that misses how fast and deep transformation is happening, because technology is pushing and pulling apart 20th-century models of labour and services."

We referred to this issue in an earlier blog post this week.

Traditional businesses should be worried. So what should they do about it? Well, if they're an enterprise business, get connected with Jeremiah Owyang of Crowd Comapnies as soon as possible. 

But whether you're an enterprise level business, small business or entrepreneur--let's connect. We'd be happy to discuss with you what the collaborative economy possibilities are for your business. 

Read the source article at Finacial Review

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