Crowdfunding Through a Partial Organization Lens: The Co-dependent Organization

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Abstract

Crowdfunding has become a rapidly growing source of alternative financing for a wide range of products and service ideas. The crowdfunding process itself necessitates the successful interaction between a number of actors including the central organizing platform, a number of content providing campaigns, and a large diverse group of funders. By utilizing the literature on complete and partial organizations and rejecting the commonly applied organizational molds to describe the process, this paper proposes that crowdfunding is organized and enabled as a fluid and co-dependent interaction between the various actors. The concept of partial organizations and its emphasis on key organizational decisions reveal that crowdfunding may be conceived of as a “co-dependent organization” in which the relationship of the involved actors is so interdependent that the crowdfunding process can neither be maintained nor
implemented without it.
Original languageEnglish
JournalEuropean Management Journal
Volume36
Issue number6
Pages (from-to)695-707
Number of pages13
ISSN0263-2373
DOIs
Publication statusPublished - Dec 2018

Bibliographical note

Published online: 14. February 2018

Keywords

  • Crowdfunding
  • Organization
  • Partial organizations
  • Conceptual

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