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Challenges of Modern Management. Crowdsourcing

Author

Listed:
  • Popovici Norina

    („Ovidius”University, Faculty of Economic Sciences, Constanta)

  • Moraru Camelia

    (Academy of Economic Studies, Bucharest)

  • Cucu Eugenia

    („Ovidius”University, Faculty of Economic Sciences, Constanta)

Abstract

The contemporary society was given a new feature, called virtual aspect, that gets involved into the daily life of people at a speed close to that of the sun. The Internet and nowadays technologies have become an absolutely perfect integrated part, offering better circumstances for development and a higher standard of life. All these areas have become basic in the international process of globalization and companies are looking to expand the possibilities of getting a higher income with lower costs. Internet opportunity called Wikinomics, gains momentum. The world evolves, people are becoming more interested and captivated by the idea of providing "something" to those companies. Crowdsourcing or outsourcing to online communities through social media and forums not only becomes the decisive factor in making important decisions in economic companies and in general, but it becomes a normal assimilation of the intellectual power of crowds in solving challenges of modern management in any field such as arts, culture, science, education, government and the economy, on the high current paths.

Suggested Citation

  • Popovici Norina & Moraru Camelia & Cucu Eugenia, 2014. "Challenges of Modern Management. Crowdsourcing," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 519-523, May.
  • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:519-523
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    More about this item

    Keywords

    internet; wikinomics; crowdsourcing; outsourcing; industry democratization;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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