The Shape of Crowdsourcing

Why Power Law Distributions Matter when Innovation Becomes Social

    Publikation: KonferencebidragPaperForskningpeer review

    Resumé

    Innovation is fueled by novel ideas or novel combinations of existing ideas. The qual-ity of the initial ideas can determine the success or failure of companies in the mar-ketplace, making idea generation the highest point of leverage in the innovation pro-cess. Innovation has been opened up to crowds with the advent of notions such as the wisdom of crowds, crowdsourcing and network effects. Gaussian (normal) distribu-tions are presumed in most management research. Yet, Paretian (power law) distribu-tions often appear in the real world. If power law effects are ubiquitous in organiza-tions, innovation in a network economy and the activity of tapping into crowds for idea generation need to be coupled to this statistical curiosity. Hence, the purpose of the present paper is to propose that academic attention should turn towards power laws in relation to innovation and large-scale idea generation.
    OriginalsprogEngelsk
    Publikationsdato2014
    Antal sider19
    StatusUdgivet - 2014
    BegivenhedStrategic Management Society 34th Annual International Conference. SMS 2014 - Madrid, Spanien
    Varighed: 20 sep. 201423 sep. 2014
    Konferencens nummer: 34
    http://madrid.strategicmanagement.net/

    Konference

    KonferenceStrategic Management Society 34th Annual International Conference. SMS 2014
    Nummer34
    LandSpanien
    ByMadrid
    Periode20/09/201423/09/2014
    Internetadresse

    Bibliografisk note

    CBS Bibliotek har ikke adgang til materialet

    Emneord

    • Power law
    • Pareto
    • Innovation
    • Crowdsourcing
    • Ideation
    • Network

    Citer dette

    Pedersen, C. (2014). The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social. Afhandling præsenteret på Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spanien.
    Pedersen, Carsten . / The Shape of Crowdsourcing : Why Power Law Distributions Matter when Innovation Becomes Social. Afhandling præsenteret på Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spanien.19 s.
    @conference{66c6874b1a29403ebbaab7ab3e137b83,
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    abstract = "Innovation is fueled by novel ideas or novel combinations of existing ideas. The qual-ity of the initial ideas can determine the success or failure of companies in the mar-ketplace, making idea generation the highest point of leverage in the innovation pro-cess. Innovation has been opened up to crowds with the advent of notions such as the wisdom of crowds, crowdsourcing and network effects. Gaussian (normal) distribu-tions are presumed in most management research. Yet, Paretian (power law) distribu-tions often appear in the real world. If power law effects are ubiquitous in organiza-tions, innovation in a network economy and the activity of tapping into crowds for idea generation need to be coupled to this statistical curiosity. Hence, the purpose of the present paper is to propose that academic attention should turn towards power laws in relation to innovation and large-scale idea generation.",
    keywords = "Power law, Pareto, Innovation, Crowdsourcing, Ideation, Network",
    author = "Carsten Pedersen",
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    Pedersen, C 2014, 'The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social' Paper fremlagt ved Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spanien, 20/09/2014 - 23/09/2014, .

    The Shape of Crowdsourcing : Why Power Law Distributions Matter when Innovation Becomes Social. / Pedersen, Carsten .

    2014. Afhandling præsenteret på Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spanien.

    Publikation: KonferencebidragPaperForskningpeer review

    TY - CONF

    T1 - The Shape of Crowdsourcing

    T2 - Why Power Law Distributions Matter when Innovation Becomes Social

    AU - Pedersen, Carsten

    N1 - CBS Library does not have access to the material

    PY - 2014

    Y1 - 2014

    N2 - Innovation is fueled by novel ideas or novel combinations of existing ideas. The qual-ity of the initial ideas can determine the success or failure of companies in the mar-ketplace, making idea generation the highest point of leverage in the innovation pro-cess. Innovation has been opened up to crowds with the advent of notions such as the wisdom of crowds, crowdsourcing and network effects. Gaussian (normal) distribu-tions are presumed in most management research. Yet, Paretian (power law) distribu-tions often appear in the real world. If power law effects are ubiquitous in organiza-tions, innovation in a network economy and the activity of tapping into crowds for idea generation need to be coupled to this statistical curiosity. Hence, the purpose of the present paper is to propose that academic attention should turn towards power laws in relation to innovation and large-scale idea generation.

    AB - Innovation is fueled by novel ideas or novel combinations of existing ideas. The qual-ity of the initial ideas can determine the success or failure of companies in the mar-ketplace, making idea generation the highest point of leverage in the innovation pro-cess. Innovation has been opened up to crowds with the advent of notions such as the wisdom of crowds, crowdsourcing and network effects. Gaussian (normal) distribu-tions are presumed in most management research. Yet, Paretian (power law) distribu-tions often appear in the real world. If power law effects are ubiquitous in organiza-tions, innovation in a network economy and the activity of tapping into crowds for idea generation need to be coupled to this statistical curiosity. Hence, the purpose of the present paper is to propose that academic attention should turn towards power laws in relation to innovation and large-scale idea generation.

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    Pedersen C. The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social. 2014. Afhandling præsenteret på Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spanien.