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What Is Crowdsourcing? What Benefits Does Crowdsourcing Provide Companies? What

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What is crowdsourcing? What benefits does crowdsourcing provide companies? What are the risks/concerns associated with crowdsourcing? Suppose you want to start your own business, would you consider crowdsourcing (why or why not)? Suppose you are the CEO of a large business, would you consider crowdsourcing (why or why not)?


Definitions:

Compensation

Payment or reward given for services rendered, work done, or for some injury or loss.

Personal Shortcoming

A lack or deficiency in one's character or behavior that affects personal development or relationships.

Talent

Natural aptitude or skill.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts and feelings to others.

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