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A SWOT Analysis of Today’s Crowdsourcing Process

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  • Alexandru Trifu
  • Ina Croitoru

Abstract

This paper is trying to emphasis the necessity and possibility of Economics to update, to innovate, in order to keep pace with the sciences, especially technically ones. And an useful method is considered that of introducing new terms, defining best some activities, processes, even phenomena in the economic field. We think that the term of crowdsourcing (derived from outsourcing) is suitable for our analysis, because it is a term expressing the present, i.e. in the TIC revolution conditions, different virtual constructions can be achieved by the contribution of the persons outside the respective system.And, due to the fact that we are dealing with an economic analysis, it is best to use the SWOT model, to highlight which of the characteristics are prevailing, and therefore, which way has to be followed, in order that the targeted activity, the process, to be profitable.

Suggested Citation

  • Alexandru Trifu & Ina Croitoru, 2014. "A SWOT Analysis of Today’s Crowdsourcing Process," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 2(10), pages 487-493.
    • Handle: RePEc:rss:jnljms:v2i10p5
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    References listed on IDEAS

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    1. Moratis, L. & van Baalen, P.J. & Teunter, L.H. & Verhaegen, P.H.A.M., 2005. "Faculty Retention factors at European Business Schools. How Deans and Faculty Perceptions Differ," ERIM Report Series Research in Management ERS-2005-028-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
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