Let's generate ideas - A review of web-based crowd sourcing tools for the basis of entrepreneurship

Abstract

The main aim of this paper is to review web-based tools designed for generating and documenting business ideas. The paper first reviews related literature and then discusses useful instruments relevant for creative entrepreneurial tasks. These tools can be helpful in the initial phase of entrepreneurial activities. While several factors are crucial for successful ideas and their implementation, the discussed web-based idea generation tools might assist in creating, evaluating and selecting entrepreneurial ideas. The aim of this manuscript is to provide an overview of such tools so that scholars and practitioners can select a tool that is appropriate for their purpose. As future work we plan an in-depth empirical investigation of these tools.