What are key components when creating an innovative crowdsourcing business model

Yanfeng Liu*, Yanmeng Xu, Shengfeng Qin

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Crowdsourcing, as a new business model, can effectively reduce the cost of enterprises, stimulate public participation's passion and enable enterprises to obtain multi-channel innovation. From the point of view of business model, Crowdsourcing can effectively improve the enterprise's overall value proposition, value creation, value transfer and value network construction. Although nowadays Crowdsourcing is widely applied across industries, it is still imperfect in implementing at a practical level, especially when adapt it to fit for different industries. This paper focuses on (1) the identification of key components in an innovative business model, and (2) discussion on how to create an innovative Crowdsourcing business model, which forms a framework for developing Crowdsourcing business models at different levels of detail such as types of industries, types of platforms and types of tasks.

Original languageEnglish
Title of host publicationICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing
Subtitle of host publicationImproving Productivity through Automation and Computing
EditorsXiandong Ma
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781862203426
DOIs
Publication statusPublished - Sep 2018
Event24th IEEE International Conference on Automation and Computing, ICAC 2018 - Newcastle upon Tyne, United Kingdom
Duration: 6 Sep 20187 Sep 2018

Publication series

NameICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing

Conference

Conference24th IEEE International Conference on Automation and Computing, ICAC 2018
CountryUnited Kingdom
CityNewcastle upon Tyne
Period6/09/187/09/18

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