The Shape of Crowdsourcing

Why Power Law Distributions Matter when Innovation Becomes Social

    Research output: Contribution to conferencePaperResearchpeer-review

    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.
    Original languageEnglish
    Publication date2014
    Number of pages19
    Publication statusPublished - 2014
    EventStrategic Management Society 34th Annual International Conference. SMS 2014 - Madrid, Spain
    Duration: 20 Sep 201423 Sep 2014
    Conference number: 34
    http://madrid.strategicmanagement.net/

    Conference

    ConferenceStrategic Management Society 34th Annual International Conference. SMS 2014
    Number34
    CountrySpain
    CityMadrid
    Period20/09/201423/09/2014
    Internet address

    Bibliographical note

    CBS Library does not have access to the material

    Cite this

    Pedersen, C. (2014). The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.
    Pedersen, Carsten . / The Shape of Crowdsourcing : Why Power Law Distributions Matter when Innovation Becomes Social. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.19 p.
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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",
    note = "CBS Library does not have access to the material; null ; Conference date: 20-09-2014 Through 23-09-2014",
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    Pedersen, C 2014, 'The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social' Paper presented at, Madrid, Spain, 20/09/2014 - 23/09/2014, .

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

    2014. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.

    Research output: Contribution to conferencePaperResearchpeer-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.

    KW - Power law

    KW - Pareto

    KW - Innovation

    KW - Crowdsourcing

    KW - Ideation

    KW - Network

    M3 - Paper

    ER -

    Pedersen C. The Shape of Crowdsourcing: Why Power Law Distributions Matter when Innovation Becomes Social. 2014. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.