(1) Refer the discussion in Chapter 3, Paul Trott, Innovation Management and New Product Development, 6th Edition, 2017 on crowdsourcing. (a) Discuss how crowdsourcing is applied to generate product ideas. (b) Choose one industry and discuss the possibility to apply this crowdsourcing concept likely leading to business success and sustainability.

(1) Refer the discussion in Chapter 3, Paul Trott, Innovation Management and New Product Development, 6th Edition, 2017 on crowdsourcing. (a) Discuss how crowdsourcing is applied to generate product ideas. (b) Choose one industry and discuss the possibility to apply this crowdsourcing concept likely leading to business success and sustainability.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Instructions:
(1) Refer the discussion in Chapter 3, Paul Trott,
Innovation Management and New Product
Development, 6th Edition, 2017 on crowdsourcing.
(a) Discuss how crowdsourcing is applied to generate
product ideas.
(b) Choose one industry and discuss the possibility to
apply this crowdsourcing concept likely leading to
business success and sustainability.

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