The changing structure of talent for innovation: On demand online marketplaces
This chapter discusses the phenomenon of online marketplaces for science, technology, engineering, and math (STEM) talent and highlights its effect on knowledge creation and innovation through on-demand contract employment and problem solving of scientific challenges by online communities of experts globally. In particular, the authors discuss the key dynamics and events driving the development of the online marketplaces for innovation. Relying on data from various online platforms, including novel data from one of the world’s largest online platforms, the chapter characterizes the phenomenon, including the geographic dispersion of users and distribution of income, and discusses important implications and challenges for research and development (R&D) and innovation management in organizations. These include the need to develop new organizational and managerial capabilities, intellectual property (IP) protection issues, the ability of balancing internal and external innovation processes, and implications on the changing identity of R&D workers.
