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Matching Crowdsourcing to Specific Stages of Business Model Innovation

Qmarkets

This type of innovation kicks in when sustaining innovations no longer generate additional profitability and the firms turns to cost reduction, mainly by optimizing internal processes. External crowdsourcing is mostly efficient when applied to market-creating innovations.

article thumbnail

Matching Crowdsourcing to Specific Stages of Business Model Innovation

Qmarkets

This type of innovation kicks in when sustaining innovations no longer generate additional profitability and the firms turns to cost reduction, mainly by optimizing internal processes. External crowdsourcing is mostly efficient when applied to market-creating innovations.