Crowdsourcing and Crowdfunding in the Manufacturing and Services Sectors

Forthcoming, Manufacturing & Service Operations Management

Georgetown McDonough School of Business Research Paper No. 3394225

21 Pages Posted: 11 Jun 2019

See all articles by Gad Allon

Gad Allon

University of Pennsylvania - The Wharton School

Volodymyr Babich

McDonough School of Business, Georgetown University

Date Written: May 20, 2019

Abstract

In the last few years, we have seen the emergence of two new ways in which firms interact with outside stakeholders, namely crowdsourcing and crowdfunding service providers. In this article we define crowdsourcing and crowdfunding terms, compare new business models with the traditional ones, review the OM research community's contribution so far, point out useful frameworks for understanding the phenomena, illuminate promising research paths, and highlight open research questions. We also discuss the parallels between these concepts, as well the main differences.

Keywords: New business models, Platforms, Entrepreneurship, OM-Finance Interface

JEL Classification: L1, L11, L17, L22, L26, M12, M55, G2

Suggested Citation

Allon, Gad and Babich, Volodymyr, Crowdsourcing and Crowdfunding in the Manufacturing and Services Sectors (May 20, 2019). Forthcoming, Manufacturing & Service Operations Management, Georgetown McDonough School of Business Research Paper No. 3394225, Available at SSRN: https://ssrn.com/abstract=3394225

Gad Allon

University of Pennsylvania - The Wharton School ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

Volodymyr Babich (Contact Author)

McDonough School of Business, Georgetown University ( email )

3700 O Street, NW
Washington, DC 20057
United States

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