Question: This week you are to complete a fully complete draft response to the following questions. You are to complete this draft without assistance from either
This week you are to complete a fully complete draft response to the following questions. You are to complete this draft without assistance from either current or former MBA 5010 students. This draft response will be evaluated on completeness and clarity but not graded for content. Next week youll be given an opportunity to collaborate with your peers to complete a final response.
In week 1, we analyzed the sharing economy. This week, youre going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying AirBnB.Specifically, I want you to answer the following questions:
- What resources are being shared?
- What is the opportunity cost of the resources consumed to facilitate this sharing?
- How does this create value for customers?
- Does the value created for customers outweigh the opportunity cost of the resources consumed?
- Does AirBnB capture a sufficient amount of any value generated to remain a viable business?
The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Shoot for 500 words, although no one is going to count so long as youre close.
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