Airbnb's Economic System

BabbaCo, Inc. is an American based company founded by a mother of three and serial entrepreneur Jessica Nam Kim. It started off by offering infant-related products and managed to grow the business to a few hundred thousand dollars in revenue in less than a year’s time. Soon after, the young startup encountered the problem of low repeat sales. Thus, the entrepreneur started to rethink BabbaCo’s business model.

Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

Markides (2006) explains that disruptive business models are strategies implemented in a company which enables it to outshine the competitors in an individual market. The disruptive model focuses on distorting the existing market and making the customers prefer the new business as opposed to the others (Magretta, 2012). Disruptive business models may include offering higher discounts, after sales services and premium products. Such a model is often sudden, and it takes over the entire market which sometimes leaves the other market players disoriented. During this time, such a company takes advantage by acquiring massive customer following and ultimately more profits. Understanding why a company may perform

The three presidents Jimmy Carter, Herbert Hoover, and Ronald Reagan had problems before and during their presidency like Herbert Hoover had “The Great Depression” that cause an economic collapse and it was the longest and severe depression. Jimmy Carter had economic issue like inflation, unemployment, and balancing budgets. Ronald Reagan had problems with tax cuts, interest rates, and the military budget. The three presidents had problems that’s when they different economic policies on the economy.

As Besliu explains the issues the homeless are going through, she rarely states her knowledge of what she knows from what she has seen. Even though there are only a few ethos statements included in this article, she covers a fact that can contribute to helping those that are in need. According to Raluca Besliu in “Homeless in Budapest: Limited Nonprofit Support Strives to Address Governmental and Social Indifference” (2016) “Despite the fact that so many people are living on the streets of Budapest, there are tens of thousands of vacant apartments in the city that could be renovated and transformed into social apartments or social institutions, such as shelters for abused women and mothers. This would be beneficial even for the private owners of buildings that are currently empty and simply rotting away” (para. 7). Besliu demonstrates that by fixing up the homes that are rotting away, homes open up to become a living space for those that need it. Throughout Budapest, there are many vacant homes and there are people that certainly could use them as

Airbnb was established in 2008 in San Francisco, California, by its founders Joe Gebbia, Brian Chesky and Nathan Blecharczyk, who were not able to find any free rooms in a hotel while attending a conference. As a consequence of that, the idea to offer private rooms online emerged, where clients could book them easily via their smartphone, tablet or computer. ‘On one side the platform enables people to list their available space and earn extra income in the form of rent. On the other, Airbnb enables travelers to book unique home stays from local hosts, saving them money and giving them a chance to interact with locals. Catering to the on-demand travel industry, Airbnb is present in over 190 countries across the

In my essay I will talk about different business strategies which companies can adopt in case of responding to issues of globalization. First of all I would like to define all the terms that will appear in my essay. Globalization is the global evolution toward economic, financial, trade, and communications integration which implies the opening of regional and nationalistic perspectives to a wide attitude of an interconnected and interdependent world with free transfer of capital, goods, and services across domestic frontiers. Growth strategy is a strategy aimed at winning greater market share, even at the expense of short-term profit.

Airbnb is an online platform where people can list and book their accommodations all around the world. It is founded by Nathan Blecharczyk, Brian Chesky and Joe Gebbia in the year of 2008 in California. The types of accommodations offered in Airbnb vary from an apartment, a villa, a castle to even a tree house. The offers of accommodations via Airbnb are currently available in 192 Countries and in over 34,000 cities worldwide (O 'Toole, 2014). The valuation of Airbnb, the home-rental platform, is worth of $10 billion after it raised $450 million from private investment firm TPG in 2014 (Spector, Macmillan & Rusli, 2014).

Rent One is a retail location but they are different than most retail because there are not actually departments within the store. If you think of other retail locations such as Walmart, you quickly notice the different departments. However, there are different levels within the company. Block 1 consist of the Owner of the company. Mr. Carrico, owner of Rent One, is an amazing man. He is very giving and truly cares about ALL his employees. However, his actions do contribute to the overall success of the company. He is level 5 of relevance. Block 2 I have the Vice Presidents of Operation listed because if there is a problem that Jay needs handled, he can go to him to get it done. His relevance factor is level 3, simply because there are others below him that

Although Marriott International has a competitive advantage of being the largest hotel company in the world, experiencing years of remarkable growth with the acquisition of Starwood Hotels, and ranking at number 163 on this year’s Fortune 500, it operates in a highly competitive market. The recent success of Airbnb, for example, has had major effects on the hotel industry as it has quickly become a threat. Airbnb, founded in 2008, is an online hospitality service that provides short-term lodging and unique travel accommodations around the world with more than 3,000,000 lodging listings in 65,000 cities and 191 countries. Having a value of over $10 billion, Airbnb “exceeds that of well-established global hotel chains like Hyatt” (Hospitality Net). This proves that this online service is significantly surpassing these stable hotel chains that have been competing in the industry for over 60 years. Along with this, a recent report by HVS Consulting & Valuation found that “hotels lose approximately $450 million in direct revenues per year to AirBnb” (Orourke). Although Marriott International has been performing with a 45% increase in revenues from 2012 to 2016, Airbnb has definitely had an impact on the consumer perspective of traditional hotel rooms. In addition to this, hotels also lose over $108 million of food and beverage revenues as a result of guests not spending their money at the hotel’s restaurant. The use of other services, like the

Historians across the world have pondered over the idea of American exceptionalism. In Seymour Martin Lipset’s “American Exceptionalism: A Double-Edged Sword” and Ian Tyrrell’s “Is America Exceptional?” spoke of the debated topic of American exceptionalism. Exceptionalism is an idea in which a nation does not conform to the normal ways of life and history. Historians claim America is exceptional when comparing it to other nations. Lipset discusses America as a place that is exceptional but describes how being exceptional has both positive and negative effects. While Tyrell states it is impossible to decide whether america is truly exceptional or not due to the fact that there is not enough historiological unbiased evidence.

Uber's overwhelming interest in the advancement and emphasis of its portable application mirrors a (1) fundamental duty to proceed with development and focused execution. Interfacing drivers with travelers by means of their cell phones wipes out the requirement for Uber to set up a physical nearness in each new city, to which they extend operations, making this an exceedingly versatile system with restricted obstructions to future development. This versatility likewise opens the potential for Uber to venture into administration fragments, for example, sustenance conveyance without material changes to the organization's working model. Enhancing usability, learnability, and productivity in the application's

In the article “Life Has Never Been So Good” by Michael Shermer (2010), he compares and contrasts the differences between the cost of living in today’s future with the cost of living in the past. Shermer also discusses how the future has changed the economic wealth in our society because of the changes in technology and the possession of material goods for civilians. The author states that living is even better because of lack of crime rates and better working environments as well. In his essay, Shermer wants his readers to understand that “these are the good old days” of the future.

Everynight over half a million Americans will fall asleep without a home, they are homeless in one of the richest countries on the planet. Capitalist countries naturally have an imbalance of wealth and thus the citizens of these countries often face the moral conundrum of charity and humanitarian aid. In many smaller cultures the dependency of the few is the burden of many however when discussing large nations and the suffering of hundreds of thousands one must consider factors such as population capacity, resource management and long term dependency. When such factors are considered it becomes much harder to maintain a from each according to his ability and to each according to his need system. Large nations cannot bear the burden of homeless,