This article goes on to describe a struggling company on the verge of folding looking for new ways to reinvent themselves. The chief executive officer of the company posted his problems online looking for any type of help and to his suprise his challenge made a total of $575,000 in prize money for the people who submitted the best methods to his problems.
Everything about the corporation was posted online, which to me seems like a bad idea. But it worked out for the chief executive officer. The chief executive officer stated, " We had applied math, advanced physics, intelligent systems, computer graphics, and organic solutions to inorganic problems. There were capabilities I had never seen before in the industry. When I saw the computer graphics, I almost fell out of my chair."
Because it is a mining industry, over 8million ounces of gold have been found since his online proposition. This amount of gold is worth over 3million dollars. However, the company still faces many substantial problems, but now the chief officer is open to open source and mass collaboration for any ideas and implementations on how to make things right.
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