The Pros And Cons Of Crowdsourcing

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Crowdsourcing is a term coined in 2006 by a magazine editor named Jeff Howe. Howe felt crowdsourcing was similar to outsourcing just on a much larger scale. Companies gather hundreds to thousands of people via the internet to perform jobs or tasks using their ideas and skills and then the companies would take these ideas and use them. However, this concept of crowdsourcing has been around long before the internet. For century’s companies such as Pillsbury, with their Bake Off contest that started in 1949 and other well-known companies have used the concept behind crowdsourcing to make successful business decisions as well as great paid off in the end. Although the internet has enabled crowdsourcing to become a more powerful tool for companies …show more content…

The growth of social media and the power of the internet gave Doritos an idea to use crowdsourcing by turning to their customers with a challenge. They asked them to come up with their own super bowl ad. Thirty-second to come up with the best super bowl ad and a chance at one million dollars. In order to win the ad must place number one on the USA Today AdMeter. The USA Today AdMeter also added an additional chance to win a million dollar via the power of Facebook giving two entries a chance at a million dollars instead of just one. Moreover, the winner of the 2007 Super Bowl ad called “Man’s Best Friend”, cost merely twenty dollars when other companies Super Bowl ads cost millions and millions of dollars for thirty seconds of airtime (Erikson, 2012). This crowdsourcing that Doritos used paid off big for their company and each year they reexamine to ensure having another Crash the Super Bowl contest would be a good idea.
There can be just as many disadvantages or pitfalls to crowdsourcing as there are successes. One pitfall is that anyone can participate meaning even those disgruntle customers who give bad reviews or are out to hurt your business in some way. Another pitfall is having competitors see what you are doing and having the chance of stealing a possibly great

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