For Vendor Strategy Professionals (Length: 7 pages)

December 10, 2008

Sourcing Innovation From Crowds

This is the second document in the "Sources Of Innovation" series.

by Chris Townsend

with Navi Radjou, Josh Bernoff, Gil Yehuda, Chris Andrews, Edward Radcliffe


Executive Summary (This is a document excerpt)

Crowdsourcing has become a media darling — which, rather paradoxically, represents a major threat to the very innovation vendors that market it. Why? Because trendiness breeds misinformation, confusion, and poorly reasoned use cases — making enterprises increasingly skeptical of crowdsourcing's value. The lesson for vendors: Honest-to-goodness customer education and business value supersede super-cool features and snazzy marketing tactics as winning market strategies. Rather than hyping it, vendors must help enterprises focus on four critical aspects of crowdsourcing — people, objectives, strategy, and technology, in that order. The heavy lifting of customer education is the only way to generate innovation value in each engagement and with it the word-of-mouth buzz that builds a strong brand and creates snowballing market share.

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Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.

Technology: B2B Sales & Marketing, Brand Tactics, Innovation Networks, Marketing & Advertising
Industry: Consumer Electronics, Consumer Industries
Geography: Asia Pacific, Europe, North America

Archived Teleconference:
How Enterprises Source Innovation From Crowds
Original air date: Wednesday, December 03, 2008
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