Challenges of Modern Management. Crowdsourcing

Norina Popovici, Moraru Camelia () and Cucu Eugenia ()
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Moraru Camelia: Academy of Economic Studies, Bucharest
Cucu Eugenia: „Ovidius”University, Faculty of Economic Sciences, Constanta

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 519-523

Abstract: The contemporary society was given a new feature, called virtual aspect, that gets involved into the daily life of people at a speed close to that of the sun. The Internet and nowadays technologies have become an absolutely perfect integrated part, offering better circumstances for development and a higher standard of life. All these areas have become basic in the international process of globalization and companies are looking to expand the possibilities of getting a higher income with lower costs. Internet opportunity called Wikinomics, gains momentum. The world evolves, people are becoming more interested and captivated by the idea of providing "something" to those companies. Crowdsourcing or outsourcing to online communities through social media and forums not only becomes the decisive factor in making important decisions in economic companies and in general, but it becomes a normal assimilation of the intellectual power of crowds in solving challenges of modern management in any field such as arts, culture, science, education, government and the economy, on the high current paths.

Keywords: internet; wikinomics; crowdsourcing; outsourcing; industry democratization (search for similar items in EconPapers)
JEL-codes: F21 F23 L21 L22 M16 (search for similar items in EconPapers)
Date: 2014
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