Collective vs. Expert Rationality for Evaluation of New Technologies in Crowdsourcing Initiatives

Giancarlo Lauto, Finn Valentin

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    As firms open the innovation process to the contribution of large groups of users and experts, the process of idea generation benefits from an increased volume and variety of inputs. This implies also an escalation of the complexity of idea screening and selection. Idea markets assist managers in this task by offering a collective assessment of the quality of ideas. This paper investigates to what extent the judgement of markets and experts overlaps. We take as our
    empirical case an internal idea competition launched by a multinational company operating in a science-based industry. The study shows that experts? appraisal is substantially aligned with the outcome of the idea market. However, while inventions of senior employees tend to be better received by experts, the market appreciates more ideas for which the inventor provides rich information. Inventions that attract participants? comments tend to be better rewarded in both evaluation systems.
    Original languageEnglish
    Publication date2014
    Number of pages22
    Publication statusPublished - 2014
    EventThe DRUID Society Conference 2014: Entrepreneurship - Organization - Innovation - Copenhagen Business School, Frederiksberg, Denmark
    Duration: 16 Jun 201418 Jun 2014
    Conference number: 36
    http://druid8.sit.aau.dk/druid/registrant/index/login/cid/15

    Conference

    ConferenceThe DRUID Society Conference 2014
    Number36
    LocationCopenhagen Business School
    CountryDenmark
    CityFrederiksberg
    Period16/06/201418/06/2014
    Internet address

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