Difference between revisions of "Scenario 1 - Innovation for the Greater Good"
Jump to navigation
Jump to search
| (7 intermediate revisions by the same user not shown) | |||
| Line 22: | Line 22: | ||
==2020 - 2025== | ==2020 - 2025== | ||
[[File:collaborative innovation.jpg|250px|right]] | [[File:collaborative innovation.jpg|250px|right]] | ||
The beginning of 2021 was marked by the historic Shanghai protocol that was meant to succeed Kyoto protocol. The new protocol was developed and approved to be implemented by all [http://unfccc.int/2860.php UNFCCC] countries. The protocol incorporated ambitious agenda for carbon emissions and environment conservation that was required to be rolled out in the next 5 years by all the member states. The first ones to act as a result were the multi-national organizations since the guidelines were being rolled out in many countries that these organizations operated in. They also had resources and expertise to build the action plan for future compliance. The strict environmental regulations required inventing new ways of conducting business. The time-line was sufficient yet challenging. There was consensus between mega companies about collaborative innovation since every company going through the same process by itself without a guarantee of being successful at the end of 5 years was not ideal. The combined expertise of mega corporations working towards the same goal was a more promising and viable option which was exercised within many industries. The new environmental regulations were however a bane for many small industries who did not have the resources and expertise to transform the way they conduct business. This created an upheaval within the business society in many countries.<br> | The beginning of 2021 was marked by the historic Shanghai protocol that was meant to succeed Kyoto protocol. The new protocol was developed and approved to be implemented by all [http://unfccc.int/2860.php UNFCCC] countries. The protocol incorporated ambitious agenda for carbon emissions and environment conservation that was required to be rolled out in the next 5 years by all the member states. The first ones to act as a result were the multi-national organizations since the guidelines were being rolled out in many countries that these organizations operated in. They also had resources and expertise to build the action plan for future compliance. The strict environmental regulations required inventing new ways of conducting business. The time-line was sufficient yet challenging. There was consensus between mega companies about collaborative innovation since every company going through the same process by itself without a guarantee of being successful at the end of 5 years was not ideal. The combined expertise of mega corporations working towards the same goal was a more promising and viable option which was exercised within many industries. The new environmental regulations were however a bane for many small industries who did not have the resources and expertise to transform the way they conduct business. This created an upheaval within the business society in many countries.<br> At the same time, new entrepreneurial ventures emerged who built up their businesses playing by new rules in the game. These ventures also took advantage of the collaborative innovation that was conducted within the industry. The industry allowed these businesses to tap in the resources of the collaborative organization and thrive, since they often brought with themselves, fresh perspective and new ideas that proved beneficial to these organizations. Some new ventures eventually became the potential acquisition targets for the mega companies. The acquisition helped the mega companies strengthen themselves and gain momentum in their quest for achieving "nine sigma" operational excellence.<br> | ||
The catalyst in the quest to sustainability and compliance was provided by advancement in digital technology such as evolution of smarter way of conducting business through cloud computing, use of [http://www.elsevierscitech.com/emails/physics/The_present_and_the_future_of_spintronics.pdf spintronics] technology, evolution of smarter grids and most importantly memristor that was taking the generation beyond transistors. <br> | The catalyst in the quest to sustainability and compliance was provided by advancement in digital technology such as evolution of smarter way of conducting business through cloud computing, use of [http://www.elsevierscitech.com/emails/physics/The_present_and_the_future_of_spintronics.pdf spintronics] technology, evolution of smarter grids and most importantly memristor that was taking the generation beyond transistors. <br> | ||
==2025 - 2030== | ==2025 - 2030== | ||
[[File:borderless innovation.jpg|250px|right]] | [[File:borderless innovation.jpg|250px|right]] | ||
The world was going green! The Shanghai protocol was being implemented throughout the UNFCCC member states. The time line provided of 5 years to comply with the environmental regulations was over and it was time for the litmus test. The collaborative innovation initiatives within many industries were a great success. However, there were many organizations formed by companies who failed to achieve the desired results. The failure was attributed to too many loud voices within the organization. The non-compliant companies were either asked to shut down or pay fines till they adhered to the environmental norms. The revenues generated by these penalties were partially diverted for welfare of climate change refugees and partially to further invest in innovative | The world was going green! The Shanghai protocol was being implemented throughout the UNFCCC member states. The time line provided of 5 years to comply with the environmental regulations was over and it was time for the litmus test. The collaborative innovation initiatives within many industries were a great success. However, there were many organizations formed by companies who failed to achieve the desired results. The failure was attributed to too many loud voices within the organization. The non-compliant companies were either asked to shut down or pay fines till they adhered to the environmental norms. The revenues generated by these penalties were partially diverted for welfare of climate change refugees and partially to further invest in innovative projects that were focussed towards sustainability. Companies over the years had realized that even if the capital expenditure to adopt sustainable business process were sometimes high, in the long run the reduction in operational expenditure benefited the balance sheets. <br> | ||
[[Future of Innovation Main Page]] | [[Future of Innovation Main Page]] | ||