BOLD III
Crowdsourcing business or other organization solutions from external problem solution providers, often through prize challenge platforms
When seeking open innovation solutions for vexing problems, many large organizations and companies think they have a binary either/or choice. The perceived choice is to go down a broad crowdsourcing route with a wide range of non-expert potential problem-solvers, or...
Some fundamental obstacles prevent most big companies adopting methods or business models that are more sustainable. C Corporation company directors have their hands tied by a legal requirement to maximise shareholder value. Stock markets appear to believe shareholder...
Our ability to communicate with many minds on a mass scale has made it a lot easier to turn to large groups of people to provide us with solutions to challenging issues, to deliver innovative new ideas, or give their feedback on our own ones. Turning a question or a...
Prizes can spur all types of innovation and R&D, and the use of prize challenges to accelerate R&D is experiencing a boom. Many organizations and governments around the world are launching prizes to accelerate R&D, and it’s a tool used by the likes of...
2020’s upheaval of lifestyles and work practices has seen many business winners and losers. Social distancing, and in some countries curfews, have floored many leisure and hospitality companies. Travel clampdowns have grounded aircraft and caused hotel closures. On...
Welcome to an update of what proved to be a popular article looking at some great open innovation platforms. Innovation is crucial to survive in today’s disruptive and fast moving industrial and commercial landscape. It’s predicted that digital disruption will wipe...
We are at the beginning of a period of exponential growth through harnessing human intellect with intelligent technology. The pace of change is often said to get faster and faster, the increase in the world’s collective knowledge is certainly growing faster and...
Could you imagine a tiny country like Singapore aiming to lead the acceleration of Open Innovation in Asia? Its population of under six million belies its economic strength and vitality, and Enterprise Singapore is doing just that - working with a number of public and...
The coming together of miniaturization that began with microfilm, the advent of digital technology, and the proliferation of personal computers and then other portable devices, has enabled governments, commercial businesses, non-profit organizations, and billions of...
The Virtual Crowd Summit attendees on September 17 heard insights covering Collective Consciousness from a true collection of global experts. This article recaps the key issues the speakers covered regarding the benefits, demands and procedures of pulling together...
The novelty of using crowdsourcing for innovation is not a new one. In fact, a few years back, one of Crowdsourcing Week's own featured writers, Marcus Barber, talked about how the future of manufacturing was upon us, and that crowdsourcing could potentially be a huge...
It is widely acknowledged that collective intelligence delivers better solutions compared to a limited number of team members working on an innovation project. However, what is not talked about enough is the effect of this open model on the innovation process...