Difference between revisions of "Scenario 1 - Innovation for the Greater Good"
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==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> At the same time, new entrepreneurial ventures emerged who built up their business 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 business to thrive since they would become the potential acquisition targets for the mega companies. The acquisition will help the mega companies strengthen themselves and also acquire fresh ideas in making there processes compliant with "nine sigma" quality standard. | 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 business 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 business to tap in the resources of the collaborative organization and thrive since they often bought with themselves fresh perspective and new ideas that would be of great help to these organizations. The new ventures would also become the potential acquisition targets for the mega companies. The acquisition will help the mega companies strengthen themselves and also acquire fresh ideas in making there processes compliant with "nine sigma" quality standard. | ||
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> | ||