The Corvus Magazine 5th Edition | Page 32

The Sharing Concept: Optimisation over Multiplication Gbemisola Adesanya As children, we all had a common desire to own as many toys as we could. Although the number of toys we played with each day ranged from 10-20, this never stopped us from asking our parents to get us more. As reported by a team of British researchers, an average 10-year old in the UK owns 238 toys and plays with only 12. But can we really blame the child we once were for this insatiable need to own things? After all, we grew up in a world that teaches ownership as the way to meet a need. Even though this ownership mentality has been instrumental in meeting basic human needs such as shelter, food and clothing. It may not be out-of-place to opine that this same ideology has led to the acquisition of non-essential goods (goods that we do not need). Is there a better way of meeting needs by taking advantage of underutilized resources? These are the underlying questions the proponents of companies such as Lyft and Airbnb pondered on and answered through business models that leverage available structures, resources, sharing technology to achieve global success in their respective industries in what has come to be known as the sharing concept. 31 The Corvus | September 2019