What are key components when creating an innovative crowdsourcing business model

Yanfeng Liu; Yanmeng Xu; Shengfeng Qin

doi:10.23919/IConAC.2018.8748971

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 proceeding › Conference contribution › peer-review

2 Citations (Scopus)

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 language	English
Title of host publication	ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing
Subtitle of host publication	Improving Productivity through Automation and Computing
Editors	Xiandong Ma
Publisher	IEEE
ISBN (Electronic)	9781862203426
DOIs	https://doi.org/10.23919/IConAC.2018.8748971
Publication status	Published - Sept 2018
Event	24th IEEE International Conference on Automation and Computing, ICAC 2018 - Newcastle upon Tyne, United Kingdom Duration: 6 Sept 2018 → 7 Sept 2018

Publication series

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

Conference

Conference	24th IEEE International Conference on Automation and Computing, ICAC 2018
Country/Territory	United Kingdom
City	Newcastle upon Tyne
Period	6/09/18 → 7/09/18

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure
SDG 16 Peace, Justice and Strong Institutions

Keywords

Business model
Crowdsourcing
Value capture
Value creation
Value network
Value proposition
Value transfer

Access to Document

10.23919/IConAC.2018.8748971

Cite this

Liu, Y., Xu, Y., & Qin, S. (2018). What are key components when creating an innovative crowdsourcing business model. In X. Ma (Ed.), ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing Article 8748971 (ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing). IEEE. https://doi.org/10.23919/IConAC.2018.8748971

Liu, Yanfeng ; Xu, Yanmeng ; Qin, Shengfeng. / What are key components when creating an innovative crowdsourcing business model. ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing. editor / Xiandong Ma. IEEE, 2018. (ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing).

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title = "What are key components when creating an innovative crowdsourcing business model",

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.",

keywords = "Business model, Crowdsourcing, Value capture, Value creation, Value network, Value proposition, Value transfer",

author = "Yanfeng Liu and Yanmeng Xu and Shengfeng Qin",

year = "2018",

month = sep,

doi = "10.23919/IConAC.2018.8748971",

language = "English",

series = "ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing",

publisher = "IEEE",

editor = "Xiandong Ma",

booktitle = "ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing",

address = "United States",

note = "24th IEEE International Conference on Automation and Computing, ICAC 2018 ; Conference date: 06-09-2018 Through 07-09-2018",

}

Liu, Y, Xu, Y & Qin, S 2018, What are key components when creating an innovative crowdsourcing business model. in X Ma (ed.), ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing., 8748971, ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing, IEEE, 24th IEEE International Conference on Automation and Computing, ICAC 2018, Newcastle upon Tyne, United Kingdom, 6/09/18. https://doi.org/10.23919/IConAC.2018.8748971

What are key components when creating an innovative crowdsourcing business model. / Liu, Yanfeng; Xu, Yanmeng; Qin, Shengfeng.
ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing. ed. / Xiandong Ma. IEEE, 2018. 8748971 (ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - What are key components when creating an innovative crowdsourcing business model

AU - Liu, Yanfeng

AU - Xu, Yanmeng

AU - Qin, Shengfeng

PY - 2018/9

Y1 - 2018/9

N2 - 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.

AB - 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.

KW - Business model

KW - Crowdsourcing

KW - Value capture

KW - Value creation

KW - Value network

KW - Value proposition

KW - Value transfer

UR - https://www.scopus.com/pages/publications/85069152479

U2 - 10.23919/IConAC.2018.8748971

DO - 10.23919/IConAC.2018.8748971

M3 - Conference contribution

AN - SCOPUS:85069152479

T3 - ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing

BT - ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing

A2 - Ma, Xiandong

PB - IEEE

T2 - 24th IEEE International Conference on Automation and Computing, ICAC 2018

Y2 - 6 September 2018 through 7 September 2018

ER -

Liu Y, Xu Y, Qin S. What are key components when creating an innovative crowdsourcing business model. In Ma X, editor, ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing. IEEE. 2018. 8748971. (ICAC 2018 - 2018 24th IEEE International Conference on Automation and Computing: Improving Productivity through Automation and Computing). doi: 10.23919/IConAC.2018.8748971

What are key components when creating an innovative crowdsourcing business model

Abstract

Publication series

Conference

UN SDGs

Keywords

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