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What is a Think Tank?

Think Tank

A Think Tank is a gathering of experts to discuss problems, ideas and insights in specific fields
Definition
Daniel Wirtz
Co-Founder, Facilitator School
Last updated
September 30, 2024

A think tank is essentially a brainstorming group focused on solving complex problems or exploring new ideas in various fields such as politics, social issues, economy, and technology. Think tanks play a vital part as they bring together diverse experts and thinkers who can provide innovative solutions and ideas that might not arise in a standard meeting setting.

They are characterized by their structured approach to gathering insights and their dependency on collaborative efforts from individuals with specific expertise. Think tanks can be internal, consisting of members from within the organization, or they can include external experts to bring in fresh perspectives, ensuring that the provided solutions are both innovative and comprehensive.

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Think Tank

What is the purpose of a think tank?

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The main purpose of a think tank is to foster innovation and strategic thinking among experts in various fields. By utilizing a think tank, organizations can approach problems from multiple angles and derive solutions that are not only effective but also forward-thinking. This makes think tanks an indispensable tool in areas needing deep analysis and creative solutions.

Why are think tanks important?

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Think tanks are important because they provide a structured way to explore complex issues, allowing for a deep dive into topics that require more than just surface-level understanding. They help organizations anticipate future trends and prepare for changes, making them crucial for long-term planning and sustainability.

When should you use a think tank?

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You should consider using a think tank whenever your organization faces complex challenges that require innovative solutions or when you need to explore new opportunities in your field. This approach is particularly beneficial when the issues at hand have significant implications for the future of your business, or when the input from varied expertise is essential.

What skills are essential to work in a think tank?

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Working in a think tank requires a combination of critical thinking, creativity, collaboration, and industry-specific knowledge. Being open to new ideas and having the ability to think strategically are also crucial for effectively contributing to a think tank.

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