Town Square

Post a New Topic

Businesses look to crowdsourcing

Original post made on Nov 23, 2011

Does your business need better promotion? Do you want to compile a sales lead list? Why not split the job into tasks, broadcast requirements on the Internet, find skilled contractors and get results quickly? That's crowdsourcing.

Read the full story here Web Link posted Friday, October 7, 2011, 12:00 AM

Comments (2)

 +   Like this comment
Posted by Byron
a resident of another community
on Nov 23, 2011 at 4:12 am

There's also a different approach on crowdsourcing – internal prediction markets that modern business use to forecast important matters (e.g. S&OP, new product potential and risk) more efficiently and at a much lower cost in comparison to traditional methods.

Companies use prediction markets to aggregate the wisdom of their employees, who have valuable knowledge and experience. In a prediction market each participant can give their own forecasts on certain business-related issues. Thanks to the gamification and stock exchange resemblance, early and more accurate forecasts have greater value, while incorrect and late predictions are being filtered out by the system, driving up the accuracy and success rate.

An example of such a prediction market would be CrowdWorx - founded in 2007, and was used by clients in Europe and North America for Social Decision Support services, including Social Forecasting, Crowdsourcing, and Enterprise 2.0 portals.

On the homepage of CrowdWorx, crowdworx.com, you can find a "Social Forecasting Test" and a live demo of the system. Moreover, white papers on crowdsourcing, prediction markets and other topics, as well as case studies are available in the "Resources" section.


 +   Like this comment
Posted by Observer
a resident of Old Mountain View
on Nov 23, 2011 at 7:21 am

Now try presenting the other side of Frederick Taylor.

Taylor's scientific management treated workers like parts of a machine and not like human beings. Those that couldn't keep up with the machine were replaced.

Your lack of knowledge of history scares me.

And then there's this statement:

"Just as Frederick Taylor changed manufacturing by turning craftspeople and artisans into assembly line workers..."

Surely, you must see something wrong with such a statement. This is why the masses should be scared of people. Your scientific management is nothing but cattle herding.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Tin Pot Creamery expanding to Los Altos
By Elena Kadvany | 3 comments | 5,297 views