Critically Appraise the Role of Crowd Sourcing in Today’s Rapidly Changing Global Business Environments and Its Contribution to Innovation.”

In: Business and Management

Submitted By sharifa124
Words 2021
Pages 9
syed2 syed2 Creative Action in Organisations
ENTE 3506
Word Count: 1524
Tutor: Andrew Nicholson
Creative Action in Organisations
ENTE 3506
Word Count: 1524
Tutor: Andrew Nicholson
“Critically appraise the role of crowd sourcing in today’s rapidly changing global business environments and its contribution to innovation.”
Assigment 3
“Critically appraise the role of crowd sourcing in today’s rapidly changing global business environments and its contribution to innovation.”
Assigment 3

“Critically appraise the role of crowd sourcing in today’s rapidly changing global business environments and its contribution to innovation.”

Crowdsourcing is finally coming of age especially with a prominent rise in recent years, it is recognised crowdsourcing is an online phenomena which aims to distribute problem solving and production to impact on the present day’s rapidly changing global business environment.
This essay provides an introduction to crowdsourcing, analysed through a theoretical basis in reference to examples, moreover paying particular attention to distinguish and define crowdsourcing from open source production. Furthermore this essay also critically explores the prospects for the paradigm. The potential to exploit and impact a crowd of innovators will be assessed likewise to an evaluation of the opportunity for the use outside ‘for-profit’ organisations. To conclude, this essay recommends an outline and plan for research into the role of crowdsourcing and its contribution.
It is recognised that the key to success is inevitably put down to creating; such an attitude has made way for an era for open innovation. Open innovation allows businesses an open platform around their innovations which in effect has allowed many businesses to adopt and adapt to a new and fresh approach to which their businesses plan and develop their technology from a…...

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