Research Paper W/ Works Cited

Justeon P. Kimmons - William E. Townsend

Honors English II

Mr. Rehak

Period: 8th

Date: 2014

Crowdsourcing for Businesses

First Draft

From funding new inventions to movies to new business, crowdsourcing covers it all. This up and coming form of fundraising is rapidly growing. The days of going around town asking for donations are long gone and in its place is the crowdfunding. Crowdfunding allows for individuals with an idea to reach out to the millions of possible funders over the internet.

The History of Crowdsourcing:

Although crowdsourcing is rapidly becoming more and more popular in the modern era, it is not a new concept. Crowdsourcing has been around for three centuries starting in 1714. Even though during that time period it wasn’t coined as “crowdsourcing”. The very first marine pocket watch was invented as a result of crowdsourcing. The British Government turned to the public to find a solution to a problem that killed thousands of seamen yearly. They offered twenty thousand euros, which nearly five million dollars in today’s money, to the person that could come up with a solution to their “Longitude Problem” The reward was rewarded to John  Harrison for inventing the first ever marine pocket watch. This was the first example of crowdsourcing in its vast three century history, but it certainly was not the last. In 1936 the well known car company, Toyota, turned to crowdsourcing by holding a logo design contest. The car company garnered twenty-seven thousand entries for their contest , which was won by Risaburo Toyoda. These are just two examples of many when it comes to crowdsourcing. Crowdsourcing was not always called crowdsourcing. In 2006, in Wired Magazine, author Jeff Howe coined the word “crowdsourcing”, which has been used ever since.

Crowdsourcing is arguably the best way to reach out to potential business partners and customers when trying to launch or expand an idea or product. One reason that support this claim is that when other see the idea some entrepreneurs will invest start up money. Another reason is that customers can give feedback on the product to make it strive. One might say that crowdsourcing is risky as people may imitate your product.

Crowdsourcing is trying to reach out to others about an idea or invention for help. the help could be defined as finances, deeds, goods, advertisement,comments and concerns.  Most of the world tries to use this process. majority that of the people that use crowdsourcing are small businesses, investors, and entrepreneurs.  What is so significant about this is the broad and availability to others this brings. Also crowdsourcing could involve stock. Stock is a business technique where you partially own a company by buying some of it for a set rate. they can help run the company but only proportional to how much they own.  An example of this would be facebook where they became a public company and people could buy shares (stocks of a company) so they would have more money.  When crowdsourcing is taking place the range to the consumers is great so getting feedback from the buyers are great.  There are three advantages to that crowdsourcing has which are range, finances and ideas and comments.  Range basically means that the company can be helped by the many people that reach out to. This help could be around the corner or around the world. Finances mean investors and entrepreneurs are able to reach  the owner and potentially help push the company forward or buy the company. With the company being so exposed the company gets tons of feedback.

Works Cited

Brabham, Daren C. "Crowdsourcing as a Model for Problem Solving." Sage Journals 141.1 (2008): n. pag. Print.

Howe, Jeff. "The Rise of Crowdsourcing." Wired June 2006: n. pag. Print.

Lynch, Alec. "The History of Crowdsourcing (1714 to 2010)." DesignCrowd Blog. DesignCrowd, 28 Oct. 2010. Web. 19 Apr. 2014.

Smith, Derek. "How Can Entrepreneurs Motivate Crowdsourcing Participants?" TIM Review Feb. 2013: n. pag. Print.

Stol, Klaas-Jan, and Brian Fitzgerald. "A Case Study of Crowdsourcing Software Development." : Proceedings of the 36th International Conference on Software Engineering, Hyderabad, India. (2014): n. pag. Print.

Crowdsourcing for Businesses First Draft

Justeon P. Kimmons - William E. Townsend

Honors English II

Mr. Rehak

Period: 8th

Date: 2014

Crowdsourcing for Businesses

First Draft

From funding new inventions to movies to new business, crowdsourcing covers it all. This up and coming form of fundraising is rapidly growing. The days of going around town asking for donations are long gone and in its place is the crowdfunding. Crowdfunding allows for individuals with an idea to reach out to the millions of possible funders over the internet.

The History of Crowdsourcing:

Although crowdsourcing is rapidly becoming more and more popular in the modern era, it is not a new concept. Crowdsourcing has been around for three centuries starting in 1714. Even though during that time period it wasn’t coined as “crowdsourcing”. The very first marine pocket watch was invented as a result of crowdsourcing. The British Government turned to the public to find a solution to a problem that killed thousands of seamen yearly. They offered twenty thousand euros, which nearly five million dollars in today’s money, to the person that could come up with a solution to their “Longitude Problem” The reward was rewarded to John  Harrison for inventing the first ever marine pocket watch. This was the first example of crowdsourcing in its vast three century history, but it certainly was not the last. In 1936 the well known car company, Toyota, turned to crowdsourcing by holding a logo design contest. The car company garnered twenty-seven thousand entries for their contest , which was won by Risaburo Toyoda. These are just two examples of many when it comes to crowdsourcing. Crowdsourcing was not always called crowdsourcing. In 2006, in Wired Magazine, author Jeff Howe coined the word “crowdsourcing”, which has been used ever since.

Crowdsourcing is arguably the best way to reach out to potential business partners and customers when trying to launch or expand an idea or product. One reason that support this claim is that when other see the idea some entrepreneurs will invest start up money. Another reason is that customers can give feedback on the product to make it strive. One might say that crowdsourcing is risky as people may imitate your product.

Crowdsourcing is trying to reach out to others about an idea or invention for help. the help could be defined as finances, deeds, goods, advertisement,comments and concerns.  Most of the world tries to use this process. majority that of the people that use crowdsourcing are small businesses, investors, and entrepreneurs.  What is so significant about this is the broad and availability to others this brings. Also crowdsourcing could involve stock. Stock is a business technique where you partially own a company by buying some of it for a set rate. they can help run the company but only proportional to how much they own.  An example of this would be facebook where they became a public company and people could buy shares (stocks of a company) so they would have more money.  When crowdsourcing is taking place the range to the consumers is great so getting feedback from the buyers are great.  There are three advantages to that crowdsourcing has which are range, finances and ideas and comments.  Range basically means that the company can be helped by the many people that reach out to. This help could be around the corner or around the world. Finances mean investors and entrepreneurs are able to reach  the owner and potentially help push the company forward or buy the company. With the company being so exposed the company gets tons of feedback.

The Ticket Sketch: Endings

                                                        The Ticket Sketch: Endings

Ending 1: One week later the group is sitting on a curb, and one of them says “I can't believe we spent all of our money.”, or “I can't believe we're broke.”

Ending 2: When the fourth friend holds up the ticket someone runs up punches him and takes the ticket. Then three weeks later the group is sitting on a curb, and one of them says “I can't believe we lost the ticket.”

Ending 3: After a week passes the group is sitting on a curb. They lost all of their winnings from the lottery. The groups sit there all depressed, because they spent everything. One of them is fiddling with the ground and sees a piece of paper. He picks it up; it’s another lottery ticket.

The Ticket Sketch Con't Part 2

                                                               The Ticket Sketch Con't Part 2

He knows if the group knew he lost the ticket they would never let him live it down. The group keeps walking and the first friend finally tells the group he lost the ticket. The second friend very mischievously grabs his water bottle and realizes that he doesn't have the ticket. The third pats his back pocket expecting to feel the ticket, but nothings there. One of the friends of the group walks up, and the first friend tells him what happens. The fourth friend pulls out the ticket and says “You mean this ticket” They all jump up and down and celebrate.

The Ticket Sketch Con't

The Ticket Sketch Con't 
He successfully takes the ticket and continues on as if nothing happened. He puts the ticket in the side of his backpack and covers it with his water bottle. The continue walking, and the third friend asks the second friend for a drink of water; he gives him the water bottle. He takes a sip and then as he turn to give his friend the water bottle he sees the lottery ticket, and offers to put the water bottle back. When he puts it back he quickly grabs the ticket and puts it in his back pocket. Eventually the first friend realizes that the ticket isn't in his pocket and tries to keep his composure but he shows worry in his face.

Weekly Blog Post: The Ticket Sketch

The Ticket: Sketch Outline

Concept:

A group of friends are walking around a park during the day. They are talking and cracking jokes like they usually do. As they continue walking they stumble upon a lottery ticket. They pick it up and check the numbers on one of their smart phones. It's the winning ticket. They all debate on how they'll split their newly found fortune. After bickering for a while the group decides to divide the money equally upon themselves. They continue walking and each of them talks about what they would do with their share of the money. The person who has the ticket in his pocket is so into the conversation, that he doesn't notice one of the other friends trying to take the ticket out of his pocket.

Two research paragraphs

From funding new inventions to movies to new business, crowdsourcing covers it all. This up and coming form of fundraising is rapidly growing. The days of going around town asking for donations are long gone and in it’s place is the crowdfunding. Crowdfunding allows for individuals with an idea to reach out to the millions of possible funders over the internet.

Crowdsourcing is arguably the best way to reach out to potential business partners and customers when trying to launch or expand an idea or product. One reason that support this claim is that when other see the idea some entrepreneurs will invest start up money. Another reason is that customers can give feedback on the product to make it strive. One might say that crowdsourcing is risky as people may imitate your product.