Can you Leverage Human Capital in In-Office Crowdsourcing?
As organizations prioritize tapping into the collective knowledge of their employees, the value of human capital is increasingly clear. This goes beyond seeking the input of executives, leadership, and your innovation department—to seeking the perspective of everyone in the office.In-office [...]
What Motivates Participation in Crowdsourcing?
Crowdsourcing is becoming an increasingly popular way for organizations to obtain data and opinions from a large pool of diverse contributors. What motivates participation in crowdsourcing may surprise you. It’s easy to assume that extrinsic motivators such as prizes, incentives, [...]
Hyperfast Innovation By Crowdsourcing
Crowdsourcing has emerged as a powerful tool to accelerate the timeline to innovative solutions. By leveraging the wisdom of the crowd and taking advantage of advances in technology, organizations can quickly leverage collective intelligence and user insights to drive and [...]
Crowdsourcing vs. Open Innovation: What’s the Difference?
What’s the difference between crowdsourcing and open innovation? This is a more complex question than you might expect. Here's a deeper look at how these two concepts differ. Crowdsourcing Vs. Open Innovation The key difference between these two approaches is [...]
Who Exactly are the Crowd Workers?
Crowdsourcing allows organizations to find and work with self-selected volunteers to accomplish tasks, gather information, or gain new ideas. The end result is not just the work and insight of one person, but of dozens, hundreds, or even thousands. However, [...]
Incremental Change vs. Disruptive Innovation: What’s the Difference?
When you’re comparing incremental change vs disruptive innovation, what’s the difference? Incremental innovation is a small, modular change that takes place slowly over time. And also allows for a gradual development of the product and its marketplace. Disruption is a [...]
Best Practices for Engaging Your Innovation Community
Get everyone in the community involved. Developing a broad and deep innovation community puts a wonderful resource at your fingertips. Yet tapping into that resource requires more than just cheerleading. Here's how to bring your community together and work toward [...]
Crowdsourced Innovation: Three Things I Learned
The three things I learned about crowdsourced innovation are: Innovation is required to be competitive, creating a concrete innovation system helps firms get ahead, and the hardest aspects of crowdsourced innovation are participation and accountability.
Examining the State of Crowdsourced Innovation in 2019
The average number of years a company spends on the Fortune 500 list is dropping. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk [...]
How Crowdsourcing Can Enhance Innovation Performance
Crowdsourcing is becoming increasingly popular in today's business world. Defined by the Merriam-Webster dictionary as the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, it is clear to see why a [...]
