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Cygnus Bank Is a Banking and Financial Services Company

question 25

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Cygnus Bank is a banking and financial services company.It offered a large sum of money and a chance to receive employment to the programmers who could create a software that would help enhance employee productivity.Which of the following types of crowdsourcing did Cygnus Bank use?


Definitions:

Non-Strategic View

A perspective that does not involve long-term planning or consideration of competitive positioning.

Terms of Agreement

A set of conditions and stipulations agreed upon by parties entering a contract or negotiation.

Outside Options

Alternatives available to the parties involved in a negotiation or transaction if the current deal does not materialize.

Bargaining Power

The relative capacity of one party in a negotiation to influence the terms of an agreement.

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