Question

In recent years, companies have created online communities for the purpose of identifying market opportunities through ________, which is a model of problem solving and idea generation from the collective talents of many people.

Answer 1

Answer:

crowdsourcing

Explanation:

Crowdsourcing is a new way of making things happen, and is based on internet and social media relations. Crowdsourcing basically refers to gathering information about a task or project using websites and social media. In the past, a company needed to spend a significant amount of money in order to gather relevant data, e.g. to carry out a research, but now crowdsourcing is voluntary and unpaid. Crowdsourcing is a type of outsourcing but only involving information, information that was usually gathered by employees or research firms, and now it is gathered at a very low cost, e.g. businesses asking their customers to send or post pictures of how they use their products.

Answer 2

Answer:

Crowdsourcing

Explanation:

Crowdsourcing can be defined as a practice that involves utilizing a group of individuals for the sole purpose of obtaining new ideas.

Crowdsourcing can provide businessess with entry to new and fresh ideas and solutions, in-depth consumer experience, enhancement of different tasks, and a great reduction in the level of costs.

Individuals that take part in crowdsourcing work as paid freelancers.

Crowdsourcing enables various organizations to carry out tasks at a faster rate by splitting up the task. Crowdsourcing provides a more efficient way to perform tasks.