123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Technology,-Gadget-and-Science >> View Article

Resolving Global Concerns With Open Innovation

Profile Picture
By Author: Alice Coope
Total Articles: 213
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Scientific technologies and internet advancements had made it easier for reputed brands to attain success in terms of better revenues, marketing, branding and product development. With great success comes greater responsibilities. The responsibility of making the world a better place to live. Corporations and institutions officially term this act as “corporate social responsibility” where they give back to the society whose resources have been used by them to achieve their objectives. In addition to that, there are certain organizations that addresses critical environmental and health concerns and resolve them. When it comes to working things out, records have proven that open innovation is the appropriate option.

Imagine H2O, a non-profit organization in the United States have been carrying on multiple open innovation practices to gather innovative ideas for tricky water issues. One of them had been the 2010 Water Energy Nexus Competition that declared a winning amount of $100,000 for companies/individuals whose ideas can help to minimize the amount of energy needed to treat and move water and wastewater. The open ...
... idea capture campaign has attracted more than 50 teams from regions such as Canada, Australia, Netherlands and Singapore with revolutionary ideas that resolved the concern with ease and precision. Furthermore, the ideas also had suggestions that can be used for other allied water and wastewater treatment issues.

It has been observed that when a company crowdsources for an agenda, it gathers a huge pool of opinions, inputs and viewpoints that carry potential solutions for other poignant issues that the company might encounter sooner or later. Crowdsourcing allows a company to present its concern or objective to the mass at large, enabling the ideas and solutions to be a perfect blend of quality and quantity.

University of Washington, United States made use of crowdsourcing while announcing its crowdsource computer game Foldit to arrive at solutions for health issues. This game was set up to assist scientists to come up with innovative ways to combat ailments by working on the proteins in the body. Proteins are the building blocks of life and can play a vital role in curing chronic diseases. This online game achieved revolutionary ideas, such as creating an 18-fold active version of the enzyme for catalyzation and many more.

Efficient idea management tactics is not merely a process,it is a practice or more aptly a way of life that facilitates health, healing and a better environment for the world. Furthermore, it creates a culture of knowledge sharing, where every individual can make a difference with his/her input and idea for the social welfare and benefit.

Read More About: idea management system, idea management solutions, capture ideas, innovation products

Total Views: 214Word Count: 443See All articles From Author

Add Comment

Technology, Gadget and Science Articles

1. Why Silent Pods Are Essential For Modern Open-plan Offices?
Author: Silent Pod

2. Innovative Design, Unmatched Quiet: Explore Our New Pods
Author: Silent Pod

3. How Silent Pod Is Revolutionizing Workspaces In The Uae?
Author: Silent Pod

4. Discovering The Advantages Of Various Types Of Silent Pods
Author: Silent Pod

5. Drone Spraying: A Game Changer For Hard-to-reach Vineyards
Author: Alex Wilkinson

6. Comparative Analysis Of Glass Cloth Electrical Tape And Fiberglass Tape For Transformer Insulation
Author: jarod

7. Which Certification Is Best For A Java Full Stack Developer?
Author: Shankar Singh

8. Streamlining Operations With Heavy Equipment Tracking Solutions
Author: Asset Tracker

9. Why Choose Laravel : Explore Its Features & Benefits For Building Web Applications
Author: Rob Stephen

10. Why Your Business Needs An Inventory Management Software Solution
Author: nagaraj

11. What Thickness And Width Options Are Available For Polyimide Tape?
Author: jarod

12. Ứng Dụng Máy In Số Thứ Tự Trong Các điểm Giao Dịch Công
Author: xephangsmart

13. Navigating Challenges And Seizing Opportunities In Tech Development
Author: Yash Tamakuwala

14. Business Process Outsourcing Market Insights: The Impact Of Digital Marketing Strategies
Author: Grand View Research

15. Why Your Business Needs E-invoicing Software For Hassle-free Billing
Author: nagaraj

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: