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What is Crowdsourcing? Definition, Examples, and Benefits

Qmarkets

The term was popularized by Jeff Howe in 2006, when he described how businesses could leverage online communities to source innovative ideas. Whether its product development, market research, referrals or even performance reviews, crowdsourcing helps organizations make informed decisions that drive long-term success.

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

Qmarkets

Of course, not every idea was serious but many of them were highly technical and well-thought out, however it does not appear that either of them contributed to the eventual outcome. This is not a luxury that is afforded to most organizations, so it is critical to be quick to crowdsource – don’t hesitate to ideate!

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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. This technology enables organizations to efficiently collect, evaluate, and implement ideas from their crowdsourcing efforts.

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

Qmarkets

Of course, not every idea was serious but many of them were highly technical and well-thought out, however it does not appear that either of them contributed to the eventual outcome. This is not a luxury that is afforded to most organizations, so it is critical to be quick to crowdsource – don’t hesitate to ideate!

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

Qmarkets

Of course, not every idea was serious but many of them were highly technical and well-thought out, however it does not appear that either of them contributed to the eventual outcome. This is not a luxury that is afforded to most organizations, so it is critical to be quick to crowdsource – don’t hesitate to ideate!

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Innovation in the Era of COVID-19

Innovation Excellence

As innovators, we often struggle with coming up with a way to wrap up a piece of work in which we are engaged, whether that is an ideation workshop or a presentation to stakeholders on a new idea. This would show that the innovator has exercised due diligence in the work effort and possibly pre-empt any negative questions from the audience.

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In defense of industry-agnostic innovation management

David Marks

I recently had a chat with a senior director of a respected technology company making highly specialized products. Should I design the assessments to be industry specific taking account of the peculiarities of each industry, it’s unique pressures, opportunities and technology? Clearly, technology is a key ingredient in innovation.