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What is Crowdsourcing? Definition, Examples, and Benefits

Qmarkets

Some of the most innovative solutions emerge when businesses crowdsource ideas from employees, customers, and even the general public. But what is crowdsourcing, and why are so many organizations using it to drive innovation? What Is Crowdsourcing? Great ideas dont just come from boardrooms or R&D departments.

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How an Innovation Accelerator Can Supercharge Your Company’s Innovation Strategy

Qmarkets

However, the term “innovation accelerator” can refer to several types of initiatives: Corporate Accelerators: Programs run by companies to nurture internal projects or collaborate with startups to bring new solutions to market.

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How Open Source Can Help Drive Government Innovation

IdeaScale

Overview: Open source software, patents, and research provide the codebase, data, and information to anyone who wants to explore it. First coined as a term in 1998, open source has its origins in the computer science sector and refers to software where the source code of the project is freely available and can be modified by anyone.

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How Property Managers Can Utilize Technology to Optimize Their Rentals

Business and Tech

We have mobile technology, we have faster and cheaper coding environments. The people who have an idea can now write code pretty quickly, and they can solve a frustration that they personally experienced with real estate. The second thing that’s happening is we have all of this new technology.

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Calculating the ROI of an Idea: Ideas That Saved Time

IdeaScale

Crowdsourcing and open innovation initiatives are vital by bringing vast stakeholders together to share ideas on complex problems and opportunities. To guide us in calculating ROI, I use Ray Sheen’s and Amy Gall’s Guide to Building Your Business Case published in the Harvard Business Review.

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8 Innovative Baby Boomer Knowledge Management and Retention Strategies

Idea to Value

After all, institutional knowledge loss can also occur when key employees resign or are lost due to illness, tragedy, or being poached by another company. Likewise, don’t be afraid to crowdsource, via email blasts or group messaging tools, from company retirees. Scan the personnel landscape.

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16 metrics for tracking Collaborative Innovation performance

Hutch Carpenter

The metrics below rest on two key assumptions: use of an innovation management software platform; use of campaigns to target innovation efforts. Sourcing refers to the generation of ideas, as well as eliciting others’ insights about an idea. Decisioning refers to identifying which ideas move forward for next steps.