Bertrand Duperrin's Library tagged competitivemarkets →  View Popular

The leading question

Should companies organize outside innovation through collaborative communities or competitive markets?
Findings

* Communities are useful when an innovation problem involves cumulative knowledge, continually building on past advances. Markets are effective when an innovation problem is best solved by broad experimentation.
* In general, communities are more oriented toward the intrinsic motivations of external innovators (the desire to be a part of some larger cause, for instance), whereas markets tend to reward extrinsic motivations (such as through financial compensation).

sloanreview.mit.edu/...w-to-manage-outside-innovation - Preview

innovation openinnovation crowdsourcing communities competitivemarkets motivation rewards