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4 Mistakes That Kill Crowdsourcing Efforts

Harvard Business

Likewise, Quirky tried to manufacture the products its community conceived rather than find expert low cost producers. Firms launching new products today use Alibaba, an effective platform, to find low cost manufacturers with competitive bids. Alibaba makes none of these new products but instead facilitates the match.

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You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

They grow faster, make more money, and are more valued than companies organized around products and services. But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. Value is in the products and services themselves.