Question: Please answer these questions: I need perfect answer . if anone dont know the answer , please dont take question , its my humble request

Please answer these questions:

I need perfect answer . if anone dont know the answer , please dont take question , its my humble request ,, and dont waste my question. Thanks

Please answer these questions: I need perfect

Requirement:

Part- 01 Study the Lego crowdsourcing case study on page 67.

Take as an example your company that you are working or any other example of a company and you will select and describe how crowdsourcing may help in new product design or product improvement (half page). Answer specific to the company and generic.

Part 02 a) . You have assigned to a start-up investment fund of 500K SAR for an ecommerce operation. The idea is at birth so you have not decided what exactly will be your ecommerce operation. You have a dilemma to either became a merchant or an affiliate. Describe the logic behind your selection by providing ideas how to best capitalize on the investment fund. Chapter 5 discusses several business models select the business model that you will follow and defend your selection (half page).

b) Identify your favorite ecommerce site or app. Study It and identify the business model that is following. Refer to the features that makes this ecommerce operation to be your favorite. (half page).

Please give answer asap.

3.4.4 Social Product Co-Design and Crowd Sourcing Web 2.0 has allowed the businesses to develop their products more precisely and more customer centric than before. It is due to the fact that since Web 2.0 allowed the organization to gauge the customer feedback on new products and the new incurring needs in the market. Such a feedback and customer insights enables a business in developing a better product in the market, leading to more successful sales and adaption. This also reduces the product failure risk for the organization since the new product is developed closely in fulfillment of the customer's needs. FIGURE Lego Social Co-creation of New Ideas 3.12 https://ideas.lego.com SERTA STEPS OCTORAS PRODUCT IDEA CONTEST CONTEST BUILD SOMETHING SPECTACULAR FROM THE WORLD OF 007! WEW ENTER SHOP NEW CONTEST - MAGICAL BUILDS OF THE WIZARDING WORLD READ CURRENT COSTS CONTENT BUILD SOMETHING SPECTACULAR FROM THE Oman Blogs are used to receive rapid feedback from customers, allowing new ideas to improve the product. Lego has created a web site that mostly resembles a blog that receives ideas by providing incentives, games and competitions and promotes the social dialog in designing new products. Lego receives a value social input from Lego customers. These ideas are screened and some are moved into product development. Among the thousands ideas the Lego product designers collect features and product combination for launching new products. The Lego community reaches 2.5 million users and more than 3000 designs are uploaded each week. Co creation is an essential part of the company. This technique is called CROWDSOURCING, where large open communities create a value using the social space

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!