What is Innovation Crowdsourcing?

What is Innovation Crowdsourcing?

Innovation crowdsourcing is a way for businesses to engage both internal and external networks to solve problems and generate innovative solutions. It is different from outsourcing as it is an outlet for connecting with various knowledge sources. Challenges are created and the appropriate audience is chosen to solve them. The winning idea is chosen and developed to solve the challenge, and the successful participant is awarded. Innovation crowdsourcing helps companies to dissolve challenges faced and bring something valuable to the table.

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More Innovation Resources:

What Paloma Noyola Bueno Teaches Us About Ideas

Paloma Noyola Bueno, a fifth-grader from Mexico, scored high on a national test due to an environment of intellectual curiosity and interest-based learning. This approach to education can be applied to businesses as well, helping employees reach their potential.

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Innovating to Attract the Multi-Brand Loyal Customer

Learn how to tap into the potential of multi-brand customers and increase your sales growth by creating new products, providing new features, boosting performance, or offering new services.

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What Drives Your Organization?

Organizations need a driving aspiration, or a Golden Thread, to tie all initiatives into a single fabric and attain coherence, focus and strategic direction for sustained market leadership.

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