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The Business Peter on Instagram: "How did Local Motors build the Rally Fighter production car in 18 months using crowdsourcing? By utilizing open innovation and a decentralized design community, they received 35,000 ideas, drastically cutting R&D costs and time. Their use of micro factories where customers helped in the assembly created real community ownership, proving that passionate customer bases can easily outperform closed corporate development teams. 📖 We turn wild business moves into bi
1:35
Instagramthebusinesspeter
The Business Peter on Instagram: "How did Local Motors build the Rally Fighter production car in 18 months using crowdsourcing? By utilizing open innovation and a
In this video, we explore how Local Motors built a car in 18 months using crowdsourcing and decentralized design communities. We'll discuss the benefits of this approach, including reduced R&D costs and time, and provide tips on how to apply it to your business. From micro factories to community ownership, we'll dive into the strategies used by ...
18.9K views5 days ago
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