What Business Think Tanks are Accomplishing

What Business Think Tanks are AccomplishingPart of an entrepreneur’s nature is to be a problem solver and deep thinker. Anyone who can offer a brand and promote their products and services in our downed economy amidst a competitive market is someone who is always wearing their thinking cap. This entrepreneur is a very capable of problem-solving, and finding solutions to scale products for the attempt to reach a global market. But sometimes entrepreneurial business owners neglect the power of working with their peers for the good of product development and market reach. Continue reading to learn how projects take a group of business minds and launch successful think tanks that lead to improved products and a better world.

Working together

Working together in a business think tank forum is a common practice across the globe. For example, Monash University established a specialist business think tank headed by former Australian Competition and Consumer Commission chair Graeme Samuel. The forum is going to attempt to provide policy advice to help create a business environment within Australia and promote global competitiveness. In this case, the think tank is striving to place Australia’s business sector on a global stage of fierce competition by gathering the brightest business minds in the country to come together and find solutions. All think tanks have clear objectives and they harness multiple minds to reach a conclusion in a more timely and efficient manner.

Brainstorming for a greater good

Similar to the Australian efforts but in a differing method, a global educational project called Semester at Sea that sends young minds out on a learning quest to benefit the world as a whole stepped in. They teamed up with Stanford and the Unreasonable Institute. Program founder Daniel Epstein states that the project is a radical experiment in global entrepreneurship, design thinking and education.

A group of entrepreneurs were hand picked from a list of 1000 applicants from 100 countries to board a ship and sail the world in the name of problem solving. This group of entrepreneurs (including one Nobel Prize winner) was put in a boat to debate, discuss and brainstorm to find creative solutions to complex problems that are common throughout the world.  Unreasonable at Sea (UAS) gathered top mentors and the most creative business minds to oversee the mission and nurture the participants.

Noted accomplishments

Thanks to emerging technology trends that focus on app technology and interactive learning platforms, the field of education has opened even grater global doors to teacher training and certification. On the Semester at Sea lead think tank, Amruth Ravindranath, co-founder of Vita Beans Neural Solutions developed a “gamified” mobile app called Guru-G that serves as a learning platform for teacher training in 4000 schools, most of them in India.

The floating entrepreneurial think tank also went on to technology developments that played global roles in women’s healthcare. Also, the bright young business minds were able to take each other’s products and re-design them to keep costs down and make them more scalable for a global market.

Final thoughts

Taking time out to be competitive with peers to work together is refreshing. It offers new perspective and benefits the global marketplace as a whole. If you own an entrepreneurial business and are interested in improving your product while making the world a better place, do some online research and find a program that can accommodate your will, drive and intellect.

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