Crowdsourcing business model for low income community: Conceptual model

Abstract

In today's world, companies support many of their business processes by outsourcing tasks or jobs to third-party providers located all over the world. The trend of outsourcing recently is to use Internet as the main sourcing platform. The latest trend of outsourcing is crowdsourcing. Crowdsourcing has similar concept of outsourcing, but instead of outsource to business, crowdsourcing will outsource the task or job to a group of people or community. Nowadays, community is facing great challenge in uplifting and maintaining their lifestyle and mostly due to issues regarding employment. It is reported that the greatest issues facing developing countries is a growing population in need of employment. Due to that issue, world are facing flood of low income community. Crowdsourcing is one potential solution to the issues and opportunities present globally today. Considering the advantages of crowdsourcing, the concept has been implemented in many developing countries such as India, Nepal and Philippines. The main aim of this paper is to generate understanding related to crowdsourcing business model factors which impact the low income community. Drawing on existing researches on crowdsourcing business model and low income community, this paper formulates a conceptual model of crowdsourcing business model for low income community. The research presents a conceptual model that highlights the factors of crowdsourcing business model based on crowdsourcer, crowdworker and platform.