Discuss How Firms Today Can Use "Open Innovation" and "Crowdsourcing

question 161

Essay

Discuss how firms today can use "open innovation" and "crowdsourcing" when trying to develop a new type of handheld recording device.

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Definitions:

Provincial Government

The administrative bodies governing provinces or states within a country, responsible for local laws and policies under the federal system.

High-risk Work

Jobs or tasks that have a higher likelihood of causing harm or injury to the people performing them, often requiring special training and safety measures.

Workplace Violence

Acts of violence or threats that occur within the workplace, affecting the safety and wellbeing of employees.

Information Technology

Refers to the use, development, and management of computer systems, software, and networks for the processing and distribution of data.