The Sharing Economy Index (SEI) is our attempt to evaluate different Sharing Economy products and services. It is a tool that enables us to compare apples to apples in a multivariate environment.
We have selected eight parameters that we deem important to consider when evaluating a business and weighted them accordingly. Below we explain why we choose these elements:
Shareability – Weight 30%
The Sherability parameter captures how related the service/product is to the Sharing Economy as a whole. We ask the questions: what is the component of the service that is actually shared? Is sharing a key component of the business or is it just a side effect? Does the service/product emphasize experience/access vs. ownership?
Convenience – Weight 10%
The convenience parameter captures how easy it is to understand, order, and use the service. Is the service available only on desktop or mobile devices and how responsive it is.
Price/Value – Weight 10%
The Price/Value parameter captures benefit ratio that a consumer receives between the price paid for the product/service and the value that is received for it. The Sharing Economy emphasizes experience over access and that “experience” is part of the value that users should get. It might be challenging at times to quantify the “experience” value, but we’ll do our best.
Promise/Result – Weight 10%
The Promise/Result parameter captures what is the end result you got and answers the question: did you get exactly what was promised? It measures the reliability of the service/product.
Environmental Impact – Weight 10%
The Environmental Impact parameter captures that net-positive score of the service/product for the environment. Does it require additional resources compared with traditional methods or does it enhance sustainability by reducing the environmental footprint?
Social Mission – Weight 10%
The Social Mission parameter is the “Do Good!” impact of the service/product. Is society and the world better served by having consumers use and support this service/product? Does the company align itself with a noble cause that others are willing to support? Is doing good a true manifestation of the company which can be demonstrated by true actions?
User Privacy & Protection – Weight 10%
Regulation – Weight 10%
The Regulation parameter measures if the company’s business model challenges or infringes on any existing regulation. It does not reflect our opinion if that challenge is positive or negative, but instead tries to gage what that regulation gap is that needs to be addressed before the business can (or cannot) operate freely. Businesses with low regulation scores will need to spend more time/effort/capital in adhering to regulation or convincing governments to change the regulation.
|Sherability||What is the sharing component of the service? Is it emphasizing experience/access vs. ownership?||30|
|Convenience||How easy is it to understand the service and book it. Mobile ready? App vs. Responsive.||10|
|Price/Value||What is the value of the service vs. alternatives?||10|
|Promise/Result||What do you get compared with what is promised?||10|
|Environmental Impact||Is the service net positive to the environment? Are ecological resources are saved?||10|
|Social Mission||Does the company have a social mission and how strong is it?||10|
|Regulation||Does the company challenge/break any existing regulations?||10|