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Crowdsourced Innovation: Three Things I Learned

IdeaScale

During my first two weeks as a Marketing Intern for IdeaScale, I learned about how the business world operates, particularly how an organization uses crowdsourced innovation with tools such as IdeaScale. Every company says they want to be “innovative” and some of them use “crowdsourcing” to do so.

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Top 5 Advantages of Crowdsourced Innovation Management

IdeaScale

Fast forward to today: employees can share their opinions, come up with ideas, and help the company in the promotion of a product. This is what crowdsourced innovation management is about and below are the 5 advantages of crowdsourced innovation management. Enhanced Competitive Advantage. Improved Employee Sentiment.

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Eleven Ways to use Crowdsourcing

Destination Innovation

How are firms using crowdsourcing? Its adoption has been widespread and companies are finding many new uses for the technique. Ideascale have published a white paper on crowdsourcing which you can download. This is when you use crowdsourcing to find the solution to a difficult or complex problem. Design Competitions.

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4 Ways to Promote Innovation Without Crowdsourcing

IdeaScale

The crowd you source from doesn’t have to be outside the company. Crowdsourcing is just one facet of innovation strategy. So, if crowdsourcing doesn’t work for your specific issue, here’s how to bolster innovation without it. Any company worth its salt has a good relationship with its customers.

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Reap a Competitive Advantage with Effective Business Model Innovation

IdeaScale

Crowdsourcing can work well for huge social or scientific projects, so why not use it for more practical matters, like getting a ride across town (Uber) or having a place to stay on vacation (Airbnb)? These companies place careful bets on novel applications of competitive advantage in new markets.

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

Qmarkets

In recent years, the concept of crowdsourcing has become an increasingly common tool used in response to large scale crises and world events. From the BP Gulf of Mexico oil spill in 2010 to the Covid-19 solutions marketplace in Israel last year, crowdsourcing has been proven as an effective way to gather solutions and solve problems.

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Crowdsourcing with the Competition: Rewarding Venture or Precarious Proposition?

Qmarkets

Why your company needs to think about crowdsourcing with the competition…. Understandably, the increase in competition and market saturation is seen by those who experience it as a direct threat to their organizational legitimacy. Keep your friends close, and your enemies closer.” Sleeping With the Enemy.