Brief Overview/Summary
This session of TWC focuses on the topic of “Sustainable Development” and “Technology and Innovation Management”. Historically, mankind has developed a destructive development model, in which economic profit was the ultimate interest of all development. Such model of development was not just disastrous to the survival of human, but it also salvages much of the resources available in our environment.
On the other hand, we are also discussing about the importance in creating values by translating theoretical concepts into practical products and services. Why did Apple become so famous with their innovation in iPhone and iPad? Why did it fight so aggressively with Samsung in a lawsuit for protecting the patents in its technology?
Therefore, this week of lesson discusses about the importance of sustainability issues and technological innovation in bringing changes to the world.
Interesting Observations and Ideas
1) Thinking from linear model to cyclical model – a more environmental friendly approach. Much of our history has shown that we’ve cared so little about our environment for the sake of industrialization. Human factors are the main causes of major Industrial disasters, such as Bhopal disaster, Minamata disease, and the Chernobyl incident. What drives us to sacrifice so much of our environment? Market competition, greed, or just pure laziness?
I guess many of us can relate it back to our daily waste-management system. How many of us bother to apply waste-hierarchy model (reuse, reduce, recycle) to our daily routine? Well, for myself, I will implement such an eco-friendly initiative only when it is convenient for me to do so. When I want throw away a can or bottle of drink, I will not bother to find a recycle bin when there is a nearer rubbish bin that I can reach.
Fortunately, there is a “cleaner” culture in Singapore, where I can still see a reasonably clean view of Singapore River compared to some of the most polluted rivers in neighbouring countries. At least, majority of Singaporeans will not anyhow throw rubbish on the road or vandalise the surrounding environment. However, sustainable development goes far beyond maintaining a clean environment. There should be more focus on retaining or renewing environmental resources, where we can start from a personal level by reminding ourselves to shift from a habit in using unrecyclable materials to a culture of reusing/recycling waste materials proactively.
2) Internalize the externality. How much does a can of coke mean to you? How much does it cost to our environment? It might just cost you less than two dollars, but it may take more than twenty years for nature to decompose them, and it will be even more disastrous if major industrial factories do not manage their waste of production appropriately.
Theoretically, the concept of Corporate Social Responsibility (CSR) and Triple-Bottom-Line may be able to address such issue by balancing economic priority with environmental consideration. However, in the context of Singapore, statistical research by Ministry of Trade and Industry (MTI) in 2008 has shown that out of 507 Singapore-based enterprises surveyed on their awareness of CSR, only 40% of the participants are aware of such term.
Many of our enterprises are not even aware of the concept of CSR, let alone implement it. Nevertheless, we can take one great example from Banyan Tree, a Singapore-based company, which has a large chain of resorts and hotels around the world. Banyan Tree has always been the company who walks-the-talk in term of CSR, as shown by some of its corporate projects from Greening Communities to Conservation Lab, which manages sustainable development in the community where the company operates. If more companies can learn from Banyan Tree in term of their commitments in CSR, I think that they can more productivity and profit returns for their involvements in environmental, economic, and social development.
3) Idea is like a dream, application is reality, and the translation from a dream into reality is a NIGHTMARE! As a freshman in SMU, I am exposed to enormous amount of ideas and concepts, which contain great values to the world. However, as what the quote said, we are still in a dream! As long as all those concepts are purposely learnt for pursuing academic certification, we will not contribute any constructive roles in the development of the world.
On the other hand, we often give up too easily or even have no guts to start realizing our dreams (this is even worse than having nightmare). Just to share a personal experience, I often discuss a lot of ideas about web development with my roommate, such as crowdsourcing, social-enterprise, and educational platform with the application of web technology that can be done with practically zero cost. However, more often than not, those ideas just survive merely in paper, and never got translated into reality.
So, what should I do? I still have no idea in how to become a trend-setter like Steve Jobs or Mark Zuckenberg, but definitely I know that it takes more than just technical knowledge and gutsy feeling to become a successful innovator. To sum it up in a theoretical manner, we need the involvement of partnerships, investment, ideas, and small amount of luck to put every pieces of concept into practical application in life.
Key Take Away Points
1) Much of the main learning points have been mentioned above. In the context of Singapore, we often take things for granted, partly due to the contribution of government in managing a sustainable urban development for Singapore. However, more attention needs to be invested in increasing individual and corporate awareness of the importance in sustainability issues. After all, we live in a holistic community, where different roles contribute important pieces of efforts to the outcome in sustainable development of the world.
2) The trick is to do something else! As mentioned above, we need to put enormous efforts to come out with an innovation. The best part is that after the emergence of popular innovation, competitors will start to imitate each other’s ideas with their own designs to come out with their own products. This will not only increase the competitiveness level in the market, but it will also trigger legal issues, as shown by the case of Apple vs Samsung. Therefore, in the reality, we cannot just depend on a single innovation; we must be able to do more different things compared to the competitors, so that we will always be in the competitive position.
Issues for Further Discussion
Having elaborated so much on the topic of this session, I still have no exact clue about the way to translate the concepts that we have learnt into the practical world. Therefore I will always ask myself and also everyone of you who read this blog: “So, what now? What MUST I do for the next step? TWC is teaching us about the changes in the world, so what MUST I change now in order to become the next Steve Jobs?”
Personal Ratings for Session
I would like to rate this session 8.5 / 10 because of the interesting concepts in sustainable development, and general view about technological innovation. It can be better if there is more sharing of the current trend of development in both topics.