“With the advent of new communication technologies and networks on the Web 2.0, traditional work processes seem to be becoming increasingly obsolete. Crowdsourcing and Coworking are the hottest trends of the year and both are very similar in their approaches”.
“The working models of the future are no longer devised in the upper echelons of big business. They often occur among the very young in non-traditional settings. And sometimes putting this bit of “here” and “there” together leads to the same ideas and goals. We can probably describe it as a “movement” or perhaps even as a “trend”. Two of these movements that have been lurking around the creative industries for some time are crowdsourcing and coworking. They both have similar tonality and also share a common background – they represent a new way of working. In addition, they complement each other perfectly for a “Future Workplace (…)”
“(…) Both approaches – crowdsourcing and coworking – are based on the fact that people who work in virtual and physical networks can in this way create a higher value collectively than if they acted independently. This is also true for problem-solving, innovation and creative output.”
Read the rest of the article on Crowdsourcing.org
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Crowdsourcing and CoWorking alike decrease the transaction costs between the actors. Additionally the field of crowdfunding falls into the same category.
In 1937 Ronald Coase, Nobel Prize Winner in 1991, wrote the paper “The Nature of the Firm” – his findings truly apply to today economic world with the World Wide Web as one key enabler for working across boundaries.
Seen on a broader scale his findings extend the world of the organization by far!!
Thank you for the comment, Ralf, Very interesting reference, indeed… nowadays, transaction costs are collapsing thanks to the web.