Tag Archives: InnoCentive

Crowdsourcing: two approaches, two different outcomes

Posted on July 24, 2016 by Eugene Ivanov

In my July 16 post, I set out to prove that crowdsourcing is a very cost-effective tool allowing solving problems at much less cost compared to other innovation tools, and, therefore, the low popularity of crowdsourcing, of which I wrote … Continue reading →

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Now, what about money?

Posted on July 16, 2016 by Eugene Ivanov

In my previous post, I wondered why as efficient innovation tool as it is, crowdsourcing is still seldom used by organizations. I offered two answers to this question. First, formulating a question to crowdsource requires careful deconstruction of the underlying … Continue reading →

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Can we make crowdsourcing available to small companies?

Posted on October 23, 2015 by Eugene Ivanov

Crowdsourcing is a powerful open innovation tool allowing organizations to tap on the collective wisdom of their own employees (internal crowdsourcing) or pools of external talent around the world (external crowdsourcing). Internal crowdsourcing (usually managed through Internal Innovation Networks) can be … Continue reading →

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3 Ways to Improve the Efficiency of the “Idea Generation” Process

Posted on August 20, 2015 by Eugene Ivanov

In my previous post, I compared the efficiency of two approaches to corporate innovation: “bottom-up” and “top-down.” The former approach relies on ideas that are first generated by a company’s employees and then channeled up to the company’s senior management. … Continue reading →

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What Do Numbers Say About Different Models of Innovation?

Posted on August 6, 2015 by Eugene Ivanov

I’m not a fan of the “idea generation” model of innovation. This approach, which I call “bottom-up,” puts the focus of innovation on ideas that are generated by employees on the ground and then channeled upwards to senior management. I … Continue reading →

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Working a Crowd

Posted on September 24, 2014 by Eugene Ivanov

If crowdsourcing has not yet become a mainstream innovation tool, this is definitely not for the lack of attention. Crowdsourcing remains a topic of intense academic studies, and a recent paper by researchers from Simon Frazer University in Canada is … Continue reading →

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Show Me The Money!

Posted on July 19, 2014 by Eugene Ivanov

(This post originally appeared on Danish Crowdsourcing Association website) I strongly believe that as an open innovation tool, crowdsourcing has a bright future, but only if it proves its economic worth. In other words, when properly designed and executed, a … Continue reading →

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A Multiple Choice Test

Posted on June 3, 2014 by Eugene Ivanov

(This post originally appeared on Innovation Excellence) Everyone has his or her sense of order. My daughter, for example, arranges her clothes in the alphabetical order of brand names. The growing adoption of open innovation tools in corporate innovation practices has … Continue reading →

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