This Element is an excerpt from We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business (9780132244794) by Barry Libert and Jon Spector. Available in print and digital formats.
Discover today's crowdsourcing best practicesóand avoid the dangers!
Wikinomic communities can often perform real-world tasks faster, better, and cheaper than individuals. But building a successful community isn't simple: The price of great rewards is great risk. A seemingly minor mistake can snowball into a fatal disaster with lightning speed. Use these guidelines to avoid the pitfalls of crowdsourcingÖ.