Crowdsourcing: Why the Power of the Crowd Is Driving the Future of Business

Jeff Howe

Crown, Sep 15, 2009 - Business & Economics - 336 pages

Why does Procter & Gamble repeatedly call on enthusiastic amateurs to solve scientific and technical challenges? How can companies as diverse as iStockphoto and Threadless employ just a handful of people, yet generate millions of dollars in revenue every year?

"Crowdsourcing" is how the power of the many can be leveraged to accomplish feats that were once the responsibility of a specialized few. Jeff Howe reveals that the crowd is more than wise–it’s talented, creative, and stunningly productive. It’s also a perfect meritocracy, where age, gender, race, education, and job history no longer matter; the quality of the work is all that counts. If you can perform the service, design the product, or solve the problem, you’ve got the job.

But crowdsourcing has also triggered a dramatic shift in the way work is organized, talent is employed, research is conducted, and products are made and marketed. As the crowd comes to supplant traditional forms of labor, pain and disruption are inevitable, and Howe delves into both the positive and negative consequences of this intriguing phenomenon. Through extensive reporting from the front lines of this workplace revolution, he employs a brilliant array of stories to look at the economic, cultural, business, and political implications of crowdsourcing.

Contents

• INTRODUCTION: 1
• Fueling the Crowdsourcing Engine: 23
• FROM SO SIMPLE A BEGINNING: 47
• FASTER CHEAPER SMARTER EASIER: 71
• THE RISE AND FALL OF THE FIRM: 98
• THE MOST UNIVERSAL QUALITY: 131
• WHAT THE CROWD KNOWS: 146
• WHAT THE CROWD CREATES: 177
• WHAT THE CROWD THINKS: 223
• WHAT THE CROWD FUNDS: 247
• TOMORROWS CROWD: 261
• CONCLUSION: 278
• Acknowledgments: 301

About the author

JEFF HOWE is a contributing editor at Wired magazine, where he covers the entertainment industry among other subjects. Before coming to Wired he was a senior editor at Inside.com and a writer at the Village Voice. In his fifteen years as a journalist, he has traveled around the world working on stories ranging from the impending water crisis in Central Asia to the implications of gene patenting. He has also written for U.S. News & World Report, Time magazine, the Washington Post, Mother Jones, and numerous other publications. He lives in Brooklyn with his wife and children.

Bibliographic information

• Title: Crowdsourcing: Why the Power of the Crowd Is Driving the Future of Business
• Author: Jeff Howe
• Edition: reprint
• Publisher: Crown, 2009
• ISBN: 0307396215, 9780307396211
• Length: 336 pages
• Subjects: Business & Economics / Crowdfunding; Business & Economics / Entrepreneurship; Social Science / Media Studies