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5 Crowdsourcing Examples That Delivered Impressive Business Results

Qmarkets

The concept of crowdsourcing, coined by Jeff Howe and Mark Robinson in a 2006 Wired article , has revolutionized how businesses and organizations solve problems and innovate. By tapping into the vast pool of external knowledge and experience, businesses can accelerate innovation and stay ahead of the competition. What is Crowdsourcing?

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3 Vital Idea Crowdsourcing Best Practices from the 2021 Suez Canal Obstruction

Qmarkets

In 2017 it was blocked for a few hours by the OOCL Japan, in 2006 it was blocked by the Okal King Dor for 8 hours, and before that in 2004 the Tropic Brilliance became lodged for 3 whole days. Ultimately, because the SCA has no competition there is very little pressure for them to innovate.

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article thumbnail

Three Vital Idea Crowdsourcing Best Practices from the 2021 Suez Canal Obstruction

Qmarkets

In 2017 it was blocked for a few hours by the OOCL Japan, in 2006 it was blocked by the Okal King Dor for 8 hours, and before that in 2004 the Tropic Brilliance became lodged for 3 whole days. Ultimately, because the SCA has no competition there is very little pressure for them to innovate.

article thumbnail

Three Vital Idea Crowdsourcing Best Practices from the 2021 Suez Canal Obstruction

Qmarkets

In 2017 it was blocked for a few hours by the OOCL Japan, in 2006 it was blocked by the Okal King Dor for 8 hours, and before that in 2004 the Tropic Brilliance became lodged for 3 whole days. Ultimately, because the SCA has no competition there is very little pressure for them to innovate.

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“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Open Innovation is defined by Chesbrough (2006) as “the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” Proposals that receive support from 10,000 users are promoted to the next stage for review by a committee of experts.

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“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Open Innovation is defined by Chesbrough (2006) as “the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” Proposals that receive support from 10,000 users are promoted to the next stage for review by a committee of experts.

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Innovation in the Era of COVID-19

Innovation Excellence

This would show that the innovator has exercised due diligence in the work effort and possibly pre-empt any negative questions from the audience. This was partly due to more effective metering, but it also was due to the elimination of uncertainty on the part of residents, which put a stop to hoarding.