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Assignment - Entrepreneurship and Innovation

   

Added on  2022-09-01

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Running head: ENTREPRENEURSHIP AND INNOVATION
Entrepreneurship and Innovation
Name of the Student:
Name of the University:
Author note:
Assignment - Entrepreneurship and Innovation_1

ENTREPRENEURSHIP AND INNOVATION
1
Part 1:
Answer to Question1:
99designs.com. (2020). Logos, Web, Graphic Design & More. | 99designs. [online] 99designs.
Available at: https://99designs.com.au/ [Accessed 3 Jan. 2020].
Answer to Question 2: The companies who are using the crowdsourcing technology are:
Sl.
No.
Company Crowdsourcing
1 99designs Crowd sources design ideas form various
part of the world.
2 Innocentive Different innovation technologies.
3 Quirky Crowd sources products created by the
real people. The ideas created by the
individual is transformed into the reality
with the help of the website.
4 Threadless Crowd sources T-Designing with the
help of people all around the world.
These are trending all around the world
and the people can connect to the website
easily and provide their ideas.
5 Zooniverse Different ideas from the researchers with
the help of the practical experiences.
Answer to Question 3:
SL.
No.
Company Crowd-funding
1 P&G The funds are raised for the people in
need by posting advertisement on
internet and other social media platform.
2 Experiment Funds upcoming scientific researches
around the world. The scientific
researches around the world requires
enormous amount of funding which is
generated with the help of these websites.
3 Kickstarter Collects funds for the researches in all
fields starting from the science, arts,
commerce, humanity and many more.
Often the websites that are available
generates funds for the scientific
Assignment - Entrepreneurship and Innovation_2

ENTREPRENEURSHIP AND INNOVATION
2
researches only. This website provides
funds to all sorts of researches.
Answer to Question 4:
Whenever I post an advertisement on the e-bay application, I am doing a crowd sourcing.
This is because, I am trying to put the product on the website to sell it. I am providing all the
necessary information regarding the product on the website. The main idea of the crowdsourcing
is to provide information regarding a product to the consumer gains information from the internet
regarding the product. I am acting as the source of the crowd sourcing. The term crowd sourcing
is used by the people to make them aware of the facts related to any research or any product
(Goodman and Paolacci 2017). The concept of the crowd-funding is a completely different.
Crowd-funding is a mean by which the fund is raised regarding any project or research which is
not applicable over here (Kuppuswamy and Bayus 2017).
Answer to Question 5:
The number of words used for the purpose of this response is One Hundred and Thirty
One (131).
Assignment - Entrepreneurship and Innovation_3

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