Network effects enable organizations to leverage the value of crowdsourcing.

Question

Quizplus · Accepted Answer

Network effects occur when the value of a product or service increases as the number of users or participants grows. This is particularly relevant for crowdsourcing, as a larger group of contributors leads to more diverse perspectives, ideas, and solutions, increasing the overall value of the crowdsourced output. Therefore, network effects can enable organizations to leverage the benefits of crowdsourcing.

Network Effects Enable Organizations to Leverage the Value of Crowdsourcing