Crowdcreation as a dimension of crowdsourcing: conditions for entrepreneurs

Chris Richter

International Journal of Entrepreneurial Venturing, 2015, vol. 7, issue 4, 324-340

Abstract: Crowdsourcing with its characteristics illustrates new opportunities for entrepreneurs to outsource tasks, diminish risks and access a global base of resources. Crowdcreation as one dimension of crowdsourcing offers particular conditions to improve efficiency and effectiveness of the creation procedure of products, processes and services. The knowledge of the crowd can be used for generating ideas, adopting microtasks and designing drafts. Crowdcreation represents a lever for entrepreneurship to access a global workforce while decreasing costs. The involvement of the crowd diminishes risks of economic failure. This paper contributes to the young foundation of scientific research on the topic with a literature review on crowdsourcing in general as well as crowdcreation in detail. The conditions for entrepreneurs provided by crowdcreation are then analysed and discussed. This work is completed with an outlook on further research in this field.

Keywords: crowdcreation; crowdsourcing; entrepreneurship; SMEs; small and medium-sized enterprises; efficiency; digitalisation; digital entrepreneurs; crowdvoting. (search for similar items in EconPapers)
Date: 2015
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