Surprising Results from Large Crowds Using Micro-Purchase Challenges – Using Contests on Freelancing Communities to Source Innovative, Impactful and Cost-Effective Solutions

Abstract: Our world is more connected than ever before. The new digital economy is empowering platforms and crowds to become a progressively strategic way for organizations to innovate ahead of their competition. Existing research shows the effectiveness and quality of solutions crowdsourcing yields, yet few organizations genuinely understand it nor are leveraging those solutions to unlock the full range of benefits. Moreover, early adopters often face structural and financial barriers towards evangeli…