Creating and Capturing Value Through Crowdsourcing

Examples of the value that can be created and captured through crowdsourcing go back to at least 1714, when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world’s largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. For example, the Best Paper Awards in 2012 for a record-setting three journals—the __Academy of Management Review__, __Journal of Product Innovation Management__, and __Academy of Management Perspectives__—were about crowdsourcing. In spite of the interest in crowdsourcing—or perhaps because of it—research on the phenomenon has been conducted in different research silos within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. The book aims to assemble papers from as many of these silos as possible since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. The papers provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both the private and public sectors. Part I : Crowdsourcing : Fundamentals and the Role of Crowds and Communities 1. Introduction to the Chapters, Allan Afuah, Christopher Tucci, and Gianluigi Viscusi 2. Crowdsourcing : A Primer and Framework, Allan Afuah 3. Three's a Crowd?, Gianluigi Viscusi and Christopher Tucci 4. How Firms Leverage Crowds and Communities for Open Innovation, Joel West and Jonathan Sims 5. Tapping into Diversity through Open Innovation Platforms: The Emergence of Boundary Spanning Practices, Natalia Levina and Anne-Laure Fayard Part II : Tournament-Based Crowdsourcing 6. A Problem in the Making: How Firms Formulate Sharable Problems for Open Innovation Contests, Martin W. Wallin, Georg von Krogh, and Jan Henrik Sieg 7. The Role of Information Patterns in Designing Crowdsourcing Contests, Gireeja V. Ranade and Lav R. Varshney Part III : Collaboration-Based Crowdsourcing 8. Renegotiating Public Value with Co-Production, Antonio Cordella, Andrea Palletti, and Maha Shaikh 9. The Road to Crowdfunding Success: A Review of Extant Literature, Vincenzo Buttice, Chiara Franzoni, Cristina Rossi-Lamastra, and Paola Rovelli 10. Co-Creation from a Telecommunication Provider's Perspective: A Comparative Study on Innovation with Customers and Employees, Milica Sundic and Karl-Heinz Leitner Part IV: Hybrids: Tournament-Based and Collaboration-Based Crowdsourcing 11. Co-opetition in Crowdsourcing: When Simultaneous Cooperation and Competition Deliver Superior Solutions, Allan Afuah 12. Prediction Markets For Crowdsourcing, Christian Horn, Marcel Bogers, and Alexander Brem 13. Ethics in Crowdsourcing: Revisiting and Revising the Role of Stakeholder Theory, Daniel Curto-Millet and Arsalan Nisar Examples Of The Value That Can Be Created And Captured Through Crowdsourcing Go Back To At Least 1714 When The Uk Used Crowdsourcing To Solve The Longitude Problem, Obtaining A Solution That Would Enable The Uk To Become The Dominant Maritime Force Of Its Time. Today, Wikipedia Uses Crowds To Provide Entries For The World's Largest And Free Encyclopedia. Partly Fueled By The Value That Can Be Created And Captured Through Crowdsourcing, Interest In Researching The Phenomenon Has Been Remarkable. Despite This--or Perhaps Because Of It--research Into Crowdsourcing Has Been Conducted In Different Research Silos, Within The Fields Of Management (from Strategy To Finance To Operations To Information Systems), Biology, Communications, Computer Science, Economics, Political Science, Among Others. In These Silos, Crowdsourcing Takes Names Such As Broadcast Search, Innovation Tournaments, Crowdfunding, Community Innovation, Distributed Innovation, Collective Intelligence, Open Source, Crowdpower, And Even Open Innovation. This Book Aims To Assemble Chapters From Many Of These Silos, Since The Ultimate Potential Of Crowdsourcing Research Is Likely To Be Attained Only By Bridging Them. Chapters Provide A Systematic Overview Of The Research On Crowdsourcing From Different Fields Based On A More Encompassing Definition Of The Concept, Its Difference For Innovation, And Its Value For Both Private And Public Sector.-- Edited By Christopher L. Tucci, Allan Afuah, And Gianluigi Viscusi. Includes Bibliographical References And Index. "Examples of the value that can be created and captured through crowdsourcing go back to at least 1714 when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world's largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. Despite this--or perhaps because of it--research into crowdsourcing has been conducted in different research silos, within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. This book aims to assemble chapters from many of these silos, since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. Chapters provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both private and public sector."-- Provided by publisher Examples of the value that can be created and captured through crowdsourcing go back to at least 1714 when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world's largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. Despite this - or perhaps because of it - research into crowdsourcing has been conducted in different research silos, within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. This book aims to assemble chapters from many of these silos, since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. Chapters provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both private and public sector. Examples of the value that can be created and captured through crowdsourcing go back to at least 1714 when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world's largest and free encyclopedia. Partly fuelled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. Despite this - or perhaps because of it - research into crowdsourcing has been conducted in different research silos, within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others The book is made up of a unique collection of contributions of leading scholars from different research areas to provide a systematic overview of the research on crowdsourcing, based on a clear definition of the concept, its difference for innovation, and its value for both private and public sector.