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Difference between crowdsourcing and crowdfunding

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Reference no: EM131061705

What is the difference between crowdsourcing (p.265) and crowdfunding? (Is there a difference?) Where does each fit into the new product development process?

  • Open Innovation (graded)
  • Explore a crowdfunding site, such as Kickstarter, Indiegogo, or Quirky, and discuss the advantages and disadvantages of the open approach to innovation
  • Open Innovation (graded)
  • Explore a crowdfunding site, such as Kickstarter, Indiegogo, or Quirky, and discuss the advantages and disadvantages of the open approach to innovation

Reference no: EM131061705

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