From the course: Human Resources in the On-Demand Economy
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Advice to employers and employees
From the course: Human Resources in the On-Demand Economy
Advice to employers and employees
- 21st century business is fast moving, dynamic, and it operates 24/7. We call it the on-demand economy. New online companies and apps seem to appear overnight. In just the last five years, venture capitalists have poured almost nine and a half billion dollars into startup companies that operate in the on-demand economy. Betting that their new business models will create demand for their services. In earlier cases like Uber, Airbnb, LinkedIn, and salesforce.com they were absolutely right. But they are not unfailingly right as with eToys, Webvan, or pets.com. Do you have a business model that makes sound economic sense? Regarding the work you want your on-demand company to accomplish think carefully about three key questions. Which elements of the work have to be done in-house and which can be farmed out to non-traditional employees? How will you find the kinds of knowledge, skills, and abilities necessary to do the work that will be farmed out? Will you use an app, a talent platform…
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