Crowdsourced Innovation: Three Things I Learned
IdeaScale
DECEMBER 12, 2019
According to the 2019 Crowdsourced Innovation Report , a company has an average lifespan of 33 years in the Fortune 500 in 1965. In fact, Netflix crowdsourced its innovation process by paying 1 million dollars to the people who figured out how to improve its recommendation algorithm from 2006 to 2009.
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