International Crowdsourcing as a business model. Challenges and Opportunities

Seminar paper from the year 2016 in the subject Business economics - Business Management Corporate Governance grade: 23 University of applied sciences Frankfurt a. M. language: English abstract: The objective of this term paper is to identify the challenges and opportunities of international crowdsourcing in the business industry. Furthermore it shows the impact on the current business models and how crowdsourcing can be used for a company to create value.The globalization of markets in the past year have led to an intensification of competition. Due to this circumstances companies are forced to review their business processes. In order to make business processes more efficient and subsequently achieve competitive advantages it is necessary to involve stakeholders such as customers suppliers employees and the crowd.