Crowd sourcing has an important impact on innovation portfolio management. It consists of individuals, and this makes highly dispersed information with the creation of sourcing challenges, managing and curation. Open Innovation, a super-set of crowdsourcing, is an important component in the innovation arsenal and connects the dots between need ideation and their realization.
The Internet has had a profound influence on
online learning innovation programs & practices. Crowd sourcing has tipped the innovation balance from the domination of large corporations towards smaller entities and access to these innovation sources has become an important part of innovation strategy.