Difference between revisions of "Scenario 4- Innovation for the greater good"
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'''2025-2030'''<br>[[File:borderless innovation.jpg|250px|right]] | '''2025-2030'''<br>[[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 products or processes 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> | 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 products or processes 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> | ||
leading to borderless innovation for the greater good of the society.<br> | |||
[[Future of Innovation Main Page]] | [[Future of Innovation Main Page]] | ||