Abstract
This paper examines organizations that deliver “club goods,” which demonstrate aspects of both private and public goods. One such organization is the homeowner association (HOA), which has been ter...
Highlights
Innovation is critical for organizations, and those of the private sector
This study develops a proposal on how homeowner association (HOA) could be transformed, reflecting key perspectives of the sharing economy and value co-creation, in order to encourage citizen participation in the provision of critical public goods
No study has looked at the effect of HOA amenities on objective quality of living metrics
Summary
Innovation is critical for organizations, and those of the private sector. Innovation can be defined as “the successful exploitation of new ideas” (DTI, 1994; Francis & Bessant, 2005). Perhaps understudied topic, relates to an organization’s dominant paradigm, redefining public versus private goods. This paper examines organizations that deliver “club goods,” goods which demonstrate aspects of both private and public goods (Buchanan, 1965). One such organization is the homeowner association (HOA), which has been termed “private government” (McKenzie, 1994). If the dominant paradigm of the HOA was to be redefined, and its importance amplified, there may be a potential source of innovation proving beneficial to society. The sharing economy, and the dissemination of club goods, by blurring the distinction between provider and consumer, may be an understudied way to promote innovation in society
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