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Strategic Realignment within Smart Ecosystems: Organizational Preparedness for Smart Cities and the Sharing Economy

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  • Musabbir Chowdhury

    (Niagara College Canada)

Abstract

Intelligent technologies such as block chain, internet of things, data analytics, artificial intelligence, and sensor fusion that are all necessary for smart cities and the sharing economy are now wide-spread. The Four Pillars of Productivity (4POP) framework is applied to determine the appropriate business positioning, given that these modern cities will very soon start to emerge and will make even greater use of the sharing economy. The financial gain, convenience, and overall quality of life improvements that the sharing economy can offer need to be fully realized. This will involve the sharing of almost all resources and skills, both in the home and work environments. Alignment with intelligent technology trends are considered; these include coordination of logistics and operations, digital governance, corporate culture, and smart urbanization effects on behavior and business practices. The paper also addresses the increased systematic risk and cybersecurity implications that come with complexity and uncertainty.

Suggested Citation

  • Musabbir Chowdhury, 2019. "Strategic Realignment within Smart Ecosystems: Organizational Preparedness for Smart Cities and the Sharing Economy," Proceedings of International Academic Conferences 8710707, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:8710707
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    File URL: https://iises.net/proceedings/iises-international-academic-conference-copenhagen/table-of-content/detail?cid=87&iid=010&rid=10707
    File Function: First version, 2019
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    References listed on IDEAS

    as
    1. Carè, Stella & Trotta, Annarita & Carè, Rosella & Rizzello, Alessandro, 2018. "Crowdfunding for the development of smart cities," Business Horizons, Elsevier, vol. 61(4), pages 501-509.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Smart city; sharing economy; Intelligent technologies; Four Pillars of Productivity Framework;
    All these keywords.

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