Question: Define crowdsourcing and explain the different ways that companies can use an external crowd to do its work (e.g., the different types of crowdsourcing). Crowdsourcing

Define crowdsourcing and explain the different ways that companies can use an external crowd to do its work (e.g., the different types of crowdsourcing). Crowdsourcing is outsourcing tasks to "crowds". This can be done through the following:

Step by Step Solution

★★★★★

3.45 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Crowdtaskingenlisting a crowd to complete a simple repetitive task Crowdcreatingtu... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1252-B-M-L-S-M(2961).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Entrepreneurs are important because of the impact they have on the world around them. List and explain the different ways that Fifteen benefits its community.

1. Explain how Davis suggests that the development of prisons represents a humane and progressive step, and how the next step in humane punishment may be beyond incarceration. 2. How does Davis...

1. Explain the different ways that HSN engages in direct marketing. 2. What advantages does HSN specifically over brick-and-mortar retailers? 3. Make recommendations for how HSN could make better use...

Q2: Read the case study and answer the question. Introduction Crowdsourcingasking an undefined group of external contributors to work on tasksallows organizations to tap into the expertise of people...

Q2: Read the case study and answer the question. Introduction Crowdsourcing-asking an undefined group of external contributors to work on tasks-allow organizations to tap into the expertise of people...

kindly give me 500 words complete dont waste my attempts and time iam posting this question 4th time i have not received complete answer. with no plagiarism someone is posting on my question wrong...

Note: Don't copy and paste previous answer i need an appropriate answer in 500 words, this is an organizational theory and design course so answer accordingly. Q2: Read the case study and answer the...

Todd Winningham IV has $4,800 to invest. He has been looking at Gallagher Tennis Clubs Inc. common stock. Gallagher has issued a rights offering to its common stockholders. Six rights plus $48 cash...

1. Employees may not like the idea of cross-training because they believe that they should be paid more as they learn about different jobs, and that doesnt always happen. What can companies do to...

A survey of those using a particular statistical software system indicated that 10% were dissatisfied Half of those dissatisfied purchased the system from vendor A. It is also known that 20% of those...

8. Why did both presidents Obama and Trump reduce spending on Americas space exploration program? LO1-2

This problem introduces you to the computer-aided problem (CAP) softwarewhich is at the Online Learning Center for this textand gets you started with the use of spreadsheet analysis for marketing...

What are vision and mission? What is their value for the strategic management process?

Why is it important for you to understand business strategy? How would you describe/define strategy?

Benjamin Graham, the father of value investing, once said, "In the short run, the market is a voting machine, but in the long run, the market is a weighing machine." In this quote, Benjamin Graham...

Question 4 (10 Points) (i) An investor is considering buying XYZ Corp. stock on margin. His stockbroker informed him that 100 shares of XYZ Corp. cost $42 a share. The margin requirement was 60...

Which unit would be best in order to benchmark the airline's emissions performance against other carriers ? CO2 emissions Amount of fuel burnt CO2 emissins per passenger CQ2 emissions per passenger...