Short answer
Prioritize the design of sharing economy services that demonstrably enhance social well-being and economic opportunities, as these are key drivers for achieving broader sustainability objectives.
- Field
- Sustainability
- Source
- Journal of Innovation & Knowledge (2023)
- Method
- Quantitative research using Partial Least Squares Structural Equation Modelling (PLS-SEM).
- Evidence
- Strong effect
The social and economic advantages derived from sharing economy models in Vietnam's transportation industry significantly contribute to achieving Sustainable Development Goals (SDGs). This sustainability research insight is drawn from a 2023 study published in Journal of Innovation & Knowledge. Using Quantitative research using partial least squares structural equation modelling (pls-sem)., researchers explored how this design variable affects real-world outcomes. The key design takeaway: Prioritize the design of sharing economy services that demonstrably enhance social well-being and economic opportunities, as these are key drivers for achieving broader sustainability objectives.
Sharing Economy's Social and Economic Benefits Drive SDG Achievement in Vietnam's Transport Sector
The social and economic advantages derived from sharing economy models in Vietnam's transportation industry significantly contribute to achieving Sustainable Development Goals (SDGs).
Journal of Innovation & Knowledge · 2023
Key Findings
- 01Social benefits of the sharing economy positively and significantly relate to SDG achievement.
- 02Economic benefits of the sharing economy positively and significantly relate to SDG achievement.
- 03Innovative culture mediates the relationship between sharing economy benefits and SDG achievement.
Application
Design takeaway
Prioritize the design of sharing economy services that demonstrably enhance social well-being and economic opportunities, as these are key drivers for achieving broader sustainability objectives.
How to apply
When designing or evaluating sharing economy platforms, explicitly measure and aim to improve social and economic metrics, and consider how to embed an innovative culture to amplify these impacts towards SDG achievement.
Project actions
- 01Consider how your design project can contribute to specific Sustainable Development Goals.
- 02Investigate how user interactions within a sharing economy model can generate social or economic value.
- 03Explore the role of innovation in scaling up the positive impacts of your design.
Method & Evidence
Variables
Strengths & Limitations
Strengths
- +Empirical evidence from a specific industry and region.
- +Utilizes advanced statistical modeling (PLS-SEM) for robust analysis.
Limitations
The findings are context-specific to Vietnam's transport sector and may not apply universally. The study relies on employee perceptions, which might not fully capture all impacts.
Reliability & validity
The use of PLS-SEM and primary data collection from a specific industry aims for construct validity and reliability, though generalizability may be limited.
Think critically
To what extent can the findings regarding the social and economic benefits of the sharing economy in Vietnam's transport sector be generalized to other industries or cultural contexts, and what design adaptations might be necessary?
Design Principles
"Design for shared value: ensure that the design of sharing economy platforms creates tangible social and economic benefits that align with global sustainability goals."
This research highlights how embracing sharing economy principles can be a strategic pathway for businesses and policymakers aiming to advance global sustainability targets. It underscores the tangible impact of these models beyond mere economic transactions, extending into social progress and environmental stewardship.
What This Means for Your Design
This study shows that when people share things like cars or rides (the sharing economy), it helps Vietnam reach its goals for a better future (SDGs), especially if the companies are creative and open to new ideas.
How to use in your project
- 1.Reference this study when discussing the broader societal and environmental impacts of sharing economy designs.
- 2.Use the findings to justify the importance of social and economic benefits in your design's evaluation criteria.
Add to My Project
Quick Cite
Paragraph starter
This research by Sadiq et al. (2023) provides empirical evidence that the social and economic benefits derived from sharing economy models, particularly within the transportation industry of Vietnam, significantly contribute to the achievement of Sustainable Development Goals. The study also highlights the crucial mediating role of an innovative culture in amplifying these positive impacts, suggesting that design interventions aimed at fostering sharing economies should consider both direct benefit generation and the cultivation of an innovative environment.
Source
Journal of Innovation & Knowledge
Sharing economy benefits and sustainable development goals: Empirical evidence from the transportation industry of Vietnam
journal · 2023
View sourceQuestions About This Research
- What does the research say about sharing economy's social and economic benefits drive sdg achievement in vietnam's transport sector?
- Prioritize the design of sharing economy services that demonstrably enhance social well-being and economic opportunities, as these are key drivers for achieving broader sustainability objectives. Evidence: Journal of Innovation & Knowledge (2023).
- Why does "Sharing Economy's Social and Economic Benefits Drive SDG Achievement in Vietnam's Transport Sector" matter for design?
- This research highlights how embracing sharing economy principles can be a strategic pathway for businesses and policymakers aiming to advance global sustainability targets. It underscores the tangible impact of these models beyond mere economic transactions, extending into social progress and environmental stewardship.
- How can designers apply this research?
- Prioritize the design of sharing economy services that demonstrably enhance social well-being and economic opportunities, as these are key drivers for achieving broader sustainability objectives.
- What were the main findings?
- Social benefits of the sharing economy positively and significantly relate to SDG achievement.. Economic benefits of the sharing economy positively and significantly relate to SDG achievement.. Innovative culture mediates the relationship between sharing economy benefits and SDG achievement.
- What research method was used?
- Quantitative research using Partial Least Squares Structural Equation Modelling (PLS-SEM)..
- How strong is the evidence?
- Evidence strength is rated Strong effect, based on a 2023 journal from Journal of Innovation & Knowledge.
- What should I do differently in my next project?
- When designing or evaluating sharing economy platforms, explicitly measure and aim to improve social and economic metrics, and consider how to embed an innovative culture to amplify these impacts towards SDG achievement.
- What are the limitations?
- The study is specific to the transportation industry in Vietnam, and findings may not be generalizable to other sectors or geographical regions. The focus on employee perceptions might also introduce bias.