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Perspectives May 11, 2015

Marketplaces and the Transformation of the Workforce

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Can you give us an idea of how marketplaces work and why they are so disruptive?

Marketplaces leverage the power of people; that is the fundamental source of power for all marketplaces. They aggregate large groups of people who are buyers, as well as large groups of people who sell products or offer a service. The reason this system is disruptive is because most businesses, most industries and most supply chains have a lot of things between people who buy and people who originally create products or provide the service. The disruption occurs by putting the power in people’s hands to provide the products and services directly. Technology platforms enable this process, but, ultimately, marketplaces are people-powered, and that is what is so beautiful about them and what makes them powerful and disruptive.

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