What term describes the process of utilizing the collective intelligence of a group for business-related tasks?

The correct term for utilizing the collective intelligence of a group for business-related tasks is crowdsourcing. This concept leverages the skills, knowledge, and capabilities of a large number of people, often through online platforms, to gather ideas, solutions, or contributions for specific projects or tasks. Crowdsourcing allows businesses to tap into diverse perspectives and expertise, which can lead to innovative outcomes and efficiency in problem-solving.

This approach contrasts with other options: networking emphasizes relationship-building and professional connections rather than collective task execution. Outsourcing refers to transferring certain business functions to external organizations, often to cut costs or improve efficiency, but it does not inherently involve a collective intelligence process. Task delegation focuses on assigning specific tasks to individuals or teams within an organization but does not involve drawing on a broader collective knowledge base. Crowdsourcing stands out as a collaborative method that embraces collective input to enhance business results.