Category: Open Innovation
How Crowdsourcing Built The World’s #1 Wine Brand
Hi! We are Michael and Bonnie, the founders of the world’s largest wine brand. Did you know that we used crowdsourcing to build Barefoot Wine? Sure, it wasn’t called “Crowdsourcing” back then, but it was the secret to our...
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The Growing Gig-Economy Spurs Demand for Online Payment and Banking Services
With young people finding it increasingly hard to find quality and meaningful work, more and more are turning to the gig-economy. Although this form of work can be unpredictable, stressful and at times downright precarious, and...
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Prize Competitions Part 3: Choosing the Appropriate Crowd to Compete
This is the third part in our three-part blog series on prize competitions. In Part 1 we shared the power of prize competitions. Part 2 helped you understand what makes a successful prize competition. Now, we will give you some...
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Prize Competitions Part 2: Success is in the Design
This is the second part in our three-part blog series on prize competitions, or prize challenges as some people prefer to call them. In Part 1 we shared the power of prize competitions as a means to generate open innovation...
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Prize Competitions, Part 1: The Power of Prize Competitions to Accelerate R&D
This is the first part in a three-part blog series on using prize competitions, also called prize challenges. In this Part 1 we share the power and benefits of prize competitions. In Part 2 we will help you understand what makes...
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5 Simple Questions To Ask Your Crowdsourcing Platform
Crowdsourcing is a great way for an organization to generate external input, particularly when it faces a new challenge. Benfits include tapping in to specific areas of interest or expertise that don’t exist within your...
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Crowdsourcing is Unlocking Billions of Dollars in Primary Industry
Crowdsourcing and open innovation are staring to be recognised within primary industry as effective ways to validate concepts at low risk, solve complex challenges, find new innovative suppliers and automate work. As a...
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Being Bold in Crowdsourcing
It’s easy to forget that the Internet was once all open. Rather, the Internet has been in a continuous cycle of highly-structured portals and free-flowing information. The initial platforms, like BBS boards, gave way to walled...
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Bold Open Innovation Sparking Both Business and Social Impact
Open innovation is a term coined by Henry Chesbrough in his 2003 book, “Open Innovation: The new imperative for creating and profiting from technology”. Open innovation assumes that valuable ideas can come from inside or out of...
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Global Corporation is BOLD Enough to Disrupt Itself
We’re getting increasingly used to witnessing the commercial disruption taking place due to mass digital connectivity giving rise to new business models. In many instances it’s where existing players in a market place come under...
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