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The power of crowds: Grand challenges in the Asia-Pacific region

Author

Listed:
  • Cynthia Weiyi Cai

    (Melbourne Study Group Centre, Charles Sturt University, Melbourne, VIC, Australia)

  • Jennifer Gippel

    (The Australian National University, Canberra, ACT, Australia)

  • Yushu Zhu

    (The University of Queensland Business School, St Lucia, QLD, Australia)

  • Abhay Kumar Singh

    (Department of Applied Finance, Macquarie University, Sydney, NSW, Australia)

Abstract

Technology is enabling organizations across the globe – large and small, for-profit and not-for-profit, governments and scientific groups – to harness the resources, knowledge, talent and creativity of crowds, in their effort to find innovative solutions to vexing problems. As contributors to solving grand challenges, crowds are providing data and funds, generating novel ideas and evaluating and developing concrete solutions. This article proposes a conceptual model for understanding the utility of crowdsourcing in the context of grand challenges. The article further identifies some boundary conditions where crowdsourcing may not be useful and discusses significant barriers to applying crowdsourcing in the Asia-Pacific region. We conclude by recognizing some empirical considerations and avenues for future research. JEL Classification: O31, O35

Suggested Citation

  • Cynthia Weiyi Cai & Jennifer Gippel & Yushu Zhu & Abhay Kumar Singh, 2019. "The power of crowds: Grand challenges in the Asia-Pacific region," Australian Journal of Management, Australian School of Business, vol. 44(4), pages 551-570, November.
    • Handle: RePEc:sae:ausman:v:44:y:2019:i:4:p:551-570
    DOI: 10.1177/0312896219871979
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    References listed on IDEAS

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    Cited by:

    1. Stephen Brammer & Layla Branicki & Martina Linnenluecke & Tom Smith, 2019. "Grand challenges in management research: Attributes, achievements, and advancement," Australian Journal of Management, Australian School of Business, vol. 44(4), pages 517-533, November.

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    More about this item

    Keywords

    Crowdsourcing; grand challenges; open innovation; lead users;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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