Crowd Sourced

(verb)

is the practice of obtaining needed services, ideas or content by soliciting contributions from a large group of people, usually the online community, about a product, service, brand or organization.

Related Terms

Examples of Crowd Sourced in the following topics:

  • Funding the International Business

    • Procuring funding in the modern economy can be highly diversified, from borrowing debt from banks to pursuing angel investors to crowd-sourcing funding for a small startup project.
    • For small organizations, debt and equity are often accompanied by venture capital and crowd-sourcing (particularly in the startup world).
    • These are riskier, most costly and less reliable sources of income compared to debt.
    • Crowd-sourcing - Websites like Kickstarter and Indiegogo are unique and modern formats, where potential business ideas can garner capital and support prior to producing a given product or service.
    • Understanding options like crowd-sourcing can substantially lower the risk of borrowing, and enable small organizations to grow.

  • Crowds

    • Crowds are a common occurrence in modern life.
    • Blumer (1951) differentiated four types of crowds:
    • Violent crowd behavior without a specific goal is a riot.
    • He interprets the crowd episodes of the French Revolution as irrational reversions to animal emotion, which he sees as characteristic of crowds in general.
    • In other words, if a crowd becomes violent (a mob or riot), convergence theory would argue that this is not because the crowd encouraged violence but rather because people who wanted to become violent came together in the crowd.

  • Crowding-Out Effect

    • The macroeconomic theory behind crowding out provides some useful intuition.
    • Thus, the government has crowded out investment .
    • The increased borrowing crowds out private investing.
    • The extent to which crowding out occurs depends on the economic situation.
    • Therefore, the effect of the stimulus is offset by the effect of crowding out.

  • Effect of a Government Budget Deficit on Investment and Equilibrium

    • A budget deficit will typically increase the equilibrium output and prices, but this may be offset by crowding out.
    • For example, if the government decides to implement a new program to build military aircraft without adjusting any sources of revenue, aggregate demand will shift to the right, raising prices and output.
    • This is due to a phenomenon called crowding out.
    • The increase in the interest rate reduces the quantity of private investment demanded (crowding out private investment).

  • Financing Company Operations

    • Some of these sources provide not only funds, but also financial oversight, accountability for carrying out tasks and meeting milestones, and in some cases, business contacts and experience.
    • The participation of external sources of funding may bring other benefits outside of the funds themselves.

  • Regulation of the Cell Cycle by External Events

    • Crowding of cells can also inhibit cell division.
    • Whatever the source of the message, the cell receives the signal, and a series of events within the cell allows it to proceed into interphase.

  • Combustion

    • The combustion of carbon compounds, especially hydrocarbons, has been the most important source of heat energy for human civilizations throughout recorded history.
    • Differences such as this reflect subtle structural variations, including the greater bond energy of 1º-C–H versus 2º-C–H bonds and steric crowding of neighboring groups.
    • The chief source of ring strain in smaller rings is angle strain and eclipsing strain.

  • Indoor Pollution: CO and CO2

    • In a number of countries, carbon monoxide is a major source of air poisoning.
    • Carbon dioxide has few negative health effects relative to carbon monoxide; it has been linked to drowsiness in crowded buildings and is thought to impede education in overcrowded schools.

  • Research Examples

    • In a series of empirical studies of assemblies of people, McPhail (1991) argues that crowds vary along a number of dimensions, and that traditional stereotypes of emotionality and unanimity often do not describe what happens in crowds.

  • Climate Change and Biodiversity

    • Climate gradients will also move up mountains, eventually crowding species higher in altitude and eliminating the habitat for those species adapted to the highest elevations.
    • The rate of warming appears to be accelerated in the arctic, which is recognized as a serious threat to polar bear populations that require sea ice to hunt seals during the winter months; seals are the only source of protein available to polar bears.