ADMS 2511 Lecture Notes - Crowdsourcing

• School: York University
• Department: Administrative Studies
• Course: ADMS 2511
• Professor: Hila Cohen

Document Summary

There is no doubt that crowdsourcing has become very popular, and there must be a reason for this. In fact, there are numerous advantages but with only three listed below, it still becomes clear just what this business model has to offer. Numerous ideas from numerous people: a large pool of participants leads to more ideas, which makes it likely that among the flood of ideas there are some especially smart ones. Cheap: similar to outsourcing, crowdsourcing is used to cut costs. When you don"t have to employ people and pay them a wage, whether they are working or not, it definitely lowers costs. Fast: basically, if you use crowdsourcing to get a job done, it will take less time to find the right person to do the job in fact it could be almost immediately. The pool of potential pros for the job is large, and chances are that somebody will be available right away.