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Springer Gabler

The Relevance of Crowdfunding: The Impact on the Innovation Process of Small Entrepreneurial Firms

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Product Code: 9783658098360
ISBN13: 9783658098360
Condition: New
$61.47

The Relevance of Crowdfunding: The Impact on the Innovation Process of Small Entrepreneurial Firms

$61.47
 
Nadine Scholz shows that crowdfunding potentially shortens the development cycle of new products, thus enabling an earlier market entry. Hence, crowdfunding serves as a multifaceted early-stage support instrument for innovation implementation facilitated by the crowd's resources. It not only provides upfront cash for product development and production, more importantly it enables a firm to show traction through the validation of the market demand that is based on the crowd's function as information multiplicator generating public exposure and feedback.


Author: Nadine Scholz
Publisher: Springer Gabler
Publication Date: Jun 09, 2015
Number of Pages: 86 pages
Binding: Paperback or Softback
ISBN-10: 3658098368
ISBN-13: 9783658098360
 

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