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Crowdsourcing in Wine Business: Co-Creation and Fundraising Experiences

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Abstract

Thanks to the development of Web 2.0 tools and applications, crowdsourcing-based business models, in which the ‘crowd’ takes on a proactive role in the markets, being engaged in co-creation of value and in funding producers and their projects, are emerging worldwide. The aim of this chapter is to achieve a deeper understanding of the opportunities offered by crowdsourcing in wine business. Given both the novelty of the phenomenon and the exploratory nature of this research, a qualitative multiple-case study approach is used with the purpose of presenting cases of major interest as benchmarks. Overall, crowdsourcing is ideally suited as both a new approach to the radically changing consumer profile and as a source of funding for small entrepreneurs facing difficulties in accessing other forms of financing.

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© 2016 Angela Mariani, Azzurra Annunziata, Francesco Nacchia, and Antonella Vastola

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Mariani, A., Annunziata, A., Nacchia, F., Vastola, A. (2016). Crowdsourcing in Wine Business: Co-Creation and Fundraising Experiences. In: Szolnoki, G., Thach, L., Kolb, D. (eds) Successful Social Media and Ecommerce Strategies in the Wine Industry. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137602985_6

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