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16 Pages • Essays / Projects • Year: Pre-2018
Executive Summary In this report, KTT consulting Ltd investigates the relevance of implementing crowdsourcing strategies in attaining desired organizational objectives. The technological services offered by NineSigma, is used as an example to expose the growth potential for Australian technology businesses in terms of increasing organizational efficiency and productivity. The findings derived from the market research indicate that NineSigma’s services can be best utilized by ‘technology involved organizations’ since the organization has the ability to cater reliable solvers from relevant technological fields. Furthermore, analysis based on Osterwalder’s business model signifies NineSigma’s strong external connections. This organizational strength along with the proliferation of information system and technology has enabled the organization to generate sustainable value propositions to attract and retain both solvers and seekers in the technology industry. The emerged finds in regards to NineSigma is used to justify the fact that implementing effective crowdsourcing strategies is positively related to selecting specialized online brokers and the existing organizational needs.
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