Innovation Articles

By Oguz Ali Acar, Jan van den Ende

MOTIVATION, REWARD SIZE AND CONTRIBUTION IN IDEA CROWDSOURCING

Oct-11-10

A description and examination of open innovation and the emergence with online communities in the expanding crowdsourcing scheme. This is a formula for collecting ideas and solutions for a number of public and private projects. The authors credit crowdsourcing with encouraging companies and public entities with expanding their boundaries and realizing the advantages crowdsourcing offers. The authors state that their comprehensive model presents the most revolutionary and far-reaching model that is developed with reward, extrinsic motivation and diverse contribution for all participants.
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