Global Management and the digital Divide Essay Example | Topics and Well Written Essays - 3000 words

Global Management and the digital Divide - Essay ExampleWith the onset of globalization, companies are preferring crowdsourcing as a way to innovate and outsource. start from big companies such(prenominal) as Kraft Foods to sole proprietorships, organizations are accessing software platforms to gather ideas and labour from an unknown group of people who can collectively finish a task. Crowdsourcing produces excellent results much quickly and at a relatively lower cost than in-house substitutes (CIO update, 2012). It is used in context of a variety of activities such as product development, advertising and promotion, and marketing research (Fuller, Hutter and Fries, 2012). A complimentary definition of crowdourcing has been given by Gupta and Sharma (2013) who explained that crowdsourcing is an amalgamation of two terms crowd and outsourcing. It is the act of outsourcing tasks, which are performed by contractor or a staff, to an undefined large group of people or crowd. A large ac t of separate individuals experience a small contribution that helps to accomplish the large outcome (Kaganer, et al., 2013). Crowdsourcing is also associated with a indisputable percentage point of risk. Organizations face numerous intellectual property and confidentiality risks while carrying out a crowdsourced project. This is particularly because crowdsourcing draws from the common public. The statistical actuality is that a crowdsourced project simply could receive submissions that contain infringing material. In addition to the contravening risks are the augmented contractual compulsions and insurance coverage issues (Lieberstein, Tucker and Yankovsky, 2012). On the other hand there is digital divide which refers to the happy chance in the midst of households, individuals and businesses and geographic areas at dissimilar socio-economic stages with a view to both their chances to access information and discourse technologies (ICTs) and their use of the Internet for a broa d assortment of activities (Tavani, 2003). The following sections will involve an in profoundness explanation of how crowd sourcing works. In addition to that, issues such as digital inclusion, globalisation implications, employment issues, the stove for innovation and entrepreneurial activity and the ability to access finance will be discussed. A picture discussion will also be presented regarding a crowd sourcing project that can be essential followed by a synopsis of the overall finding. 2. Concept of crowdsourcing The concept of crowdsourcing is based on the idea of dividing certain tedious tasks among a large number of individuals or obtaining other services such as acquiring solutions to different queries or issues through crowd-voting or fundraising by making petition to a large number of people for financial contribution. In the modern business world, the do work of globalization is facilitating the process of crowdsourcing (Gassmann, Daiber and Enkel, 2011). Since with globalization, existing gaps between companies or communities are reducing virtually, gaining the attention of a large crowd is gradually becoming more feasible, than it was five decades ago. Rapid advancement of technology is responsible for such developments. It leads to invention of better methods of communication and makes process of knowledge transfer faster. This leads to faster business development (Zupic, 2013). The most remarkable benefit of outsourcing is that it allows the