--- title: "Meaning & Key Takeaway of: In essence, what Innocentive does is it…" description: "\"In essence, what Innocentive does is it provides a platform where you can post a really challenging problem and offer a reward to anybody who can come ..." image: "https://sms4smile.com/quotes/i/d0f/john-hagel-iii-43137_anybody_in-essence-what-innocentive-does-is-it-p_2674094.jpg" --- # In essence, what Innocentive does is it provides a… ![“In essence, what Innocentive does is it provides a platform where you can post a really challenging problem and offer a reward to anybody who can come and provide a solution. And it's been remarkably effective. People get very challenging problems and get solutions to those problems.” quote by John Hagel III](https://sms4smile.com/quotes/i/d0f/john-hagel-iii-43137_anybody_in-essence-what-innocentive-does-is-it-p_2674094.jpg) [Download](https://sms4smile.com/quotes/i/d0f/john-hagel-iii-43137_anybody_in-essence-what-innocentive-does-is-it-p_2674094.jpg) [Open image](https://sms4smile.com/quotes/i/d0f/john-hagel-iii-43137_anybody_in-essence-what-innocentive-does-is-it-p_2674094.jpg) > “In essence, what Innocentive does is it provides a platform where you can post a really challenging problem and offer a reward to anybody who can come and provide a solution. And it's been remarkably effective. People get very challenging problems and get solutions to those problems.” [John Hagel III](https://sms4smile.com/quotes/author/john-hagel-iii/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Crowdsourced challenges with rewards harness collective intelligence, solving problems efficiently. **In simple terms:** Rewards motivate crowd solutions. Key Takeaway Use incentives to tap collective expertise. Themes innovation collaboration incentives Mood analytical optimistic Type business strategic When to use this quote - R&D - hackathons - policy design - entrepreneurship Key Concepts open innovation problem solving Questions to Reflect On - How to ensure solution quality? - What incentives work best? A Different Perspective May attract low‑quality solutions. ★ ★ ★ ★ ★ No ratings yet [Essence](https://sms4smile.com/quotes/about/essence/) [People](https://sms4smile.com/quotes/about/people/) [Problem](https://sms4smile.com/quotes/about/problem/) [Problems](https://sms4smile.com/quotes/about/problems/) [Reward](https://sms4smile.com/quotes/about/reward/) ## Related quotes > [Twitter provides a platform that allows anyone on the planet - from a political activist in the Middle East to an intemperate golfer in…](https://sms4smile.com/quotes/steven-levy/twitter-provides-a-platform-that-allows-anyone-on-the-planet-from-a/) [Steven Levy](https://sms4smile.com/quotes/author/steven-levy/) > [Open-mindedness provides a platform on which you can build, piling one idea on top of another.](https://sms4smile.com/quotes/senoraroy/open-mindedness-provides-a-platform-on-which-you-can-build-piling-one/) Senoraroy > [“People come to me for the solution of their problem, if my knowledge and experience is not enough to solve the problem, I go…](https://sms4smile.com/quotes/amit-kalantri/people-come-to-me-for-the-solution-of-their-problem-if-my-knowledge/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [My philosophy is, if I can provide a solution that the end user truly enjoys, then I think I have a chance.](https://sms4smile.com/quotes/eric-yuan/my-philosophy-is-if-i-can-provide-a-solution-that-the-end-user-truly/) [Eric Yuan](https://sms4smile.com/quotes/author/eric-yuan/) > [Find a problem that you can provide a solution to.](https://sms4smile.com/quotes/larry-winget/find-a-problem-that-you-can-provide-a-solution-to/) [Larry Winget](https://sms4smile.com/quotes/author/larry-winget/) > [You're on file, our computer knows what is best for you, we will provide the solution.](https://sms4smile.com/quotes/kansas/you-re-on-file-our-computer-knows-what-is-best-for-you-we-will/) [Kansas](https://sms4smile.com/quotes/author/kansas/) > [I have a remarkably normal life.](https://sms4smile.com/quotes/michael-j-fox/i-have-a-remarkably-normal-life/) [Michael J. 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