Crowdsourcing in Small and Medium Sized Enterprises

In as much as caution must be taken to avoid hyper inflating the advantages of open innovation and crowdsourcing, the relevance of the concepts cannot and must not be dismissed. The purpose of this chapter is to elucidate on the major challenges faced by SMEs in crowdsourcing and the hindrance this presents in open innovation. For this reason, solutions and recommendations are provided to these challenges.