crowd

The vast majority of crowdsourcing efforts fall flat, because companies don’t do enough to cultivate individual contributors.

When it comes to crowdsourcing and open innovation, we only ever seem to hear success stories. To be sure, the statistics can be impressive: Dell, for example, claims its IdeaStorm community website has fielded nearly 24,000 ideas since its 2007 launch, more than 550 of which were deemed good enough to act upon. Numbers like these would seem to indicate that there’s a world of innovative ideas out there for just about any company to tap into.