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Showing posts from October, 2023

The could have would have and should have story of Kodak Pt.II

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Kodak: Missed opportunities in Digital photography. The Kodak company, a brand associated with trust and quality, was founded in the 19th century and was well known for its leadership in photography, which is synonymous with capturing memories. Their film, cameras, and processing labs were areas of inevitable visit for photographers and consumers alike. They were deeply invested in the market ( Achieveit, n.d.). What Went Wrong The unplanned and mismanaged opportunity of tapping into digital photography, a technology that was developed by their own engineer and in which Kodak itself had a hand in creating, triggered the downward spiral and eventual downfall of Kodak ( Tidd & Bessant, 2020) . The digital camera is an invention that could have positioned Kodak as a pioneer in the digital age. However, this opportunity was missed due to concerns about cannibalizing their lucrative film business, as Kodak refused to embrace this innovation as a technology for future use fully. ...

Unusual Methods of Innovation Discovery

  S e rendipity In the history of innovation and discoveries, serendipity has been a remarkable phenomenon. Serendipity is the beneficial occurrence and development of events and has led to several remarkable discoveries and innovations. One such discovery is that of the pacemaker. The invention of the pacemaker is a classic example of serendipitous discovery and demonstrates how accidental findings can lead to groundbreaking innovations in science, including in the field of medicine.  In 1956, Wilson Greatbatch, an American engineer and inventor, was working on a device designed to record fast heart sounds. While assembling the components for this device, he installed a resistor with the wrong resistance value. Recognizing the potential significance of this accidental discovery, Greatbatch realized that these electrical pulses could be used to regulate the human heart's rhythm and that the device invented at this point could be used to control irregular heartbeats, a conditio...

Using Scenario-type Planning for Forecasting and Innovation: The Should have could have would have story of Kodak

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  Analyzing the strategic failure of Kodak's inability to plan for the future of the digital photography industry. Kodak's failure to adapt to the changing dynamics of the camera industry serves as a prominent example of strategic mismanagement and a lack of foresight. The key factors to Kodak’s failure include. Failure to embrace digital technology, which it invented and pioneered, and Kodak’s over-reliance on film. This was due to poor strategic vision and planning by its management ( Achieveit, n.d.). The management’s short-term focus was on its revenue streams, neglecting the development of a long-term strategy for the future of digital photography, which it had invented. This was evident in its poor strategic agility needed to respond to market changes or innovative ideas ( Tidd & Bessant, 2020) . Overall, it was a missed opportunity for disruptive innovations, underestimating the potential of digital photography while competitors gained significant competitive a...

Critical Evaluation of the paper "Affectability in Educational Technologies: A Socio-Technical Perspective for Design"

The paper titled "Affectability in Educational Technologies: A Socio-Technical Perspective for Design" explores the concept of affectability in educational technologies from a sociotechnical perspective. This critical evaluation aims to define, describe, and critically analyze the sociotechnical plan presented in the paper, focusing on its significance, methodology, and implications. Definition and Description: Affectability generally refers to the ability to recognize, interpret, and respond to human emotions, particularly in the context of technology. Affectability of educational technologies describes the creation of systems or tools that can understand and respond to the emotions and affective states of learners. At the same time, socio-technical design emphasizes the interplay between people, technology, and the organizational or social structures within which they operate, recognizing that technology does not exist in a vacuum (AlbarracĂ­n & Kumkale, 2003).  This pap...

Genetically Modified Organisms: Impact on an Ever-Increasing World Population.

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Genetically Modified Organisms: Impact on an Ever-Increasing World Population. According to the FDA, for thousands of years, scientists have worked hard at improving crops, livestock, and hence the food humans eat. When, in1866, the Austrian Monk Gregor Mendel cross-bred two different types of peas and recognized the basic process of genetics, he not only started what is today known as genetic modification, but some researchers say he even predicted a day when humans would need to alter the genetic composition of plants to increase the food supply for the increasing population on earth. In the years after Mendel’s huge discovery, scientists found a way to modify food through DNA modification or change more precisely. This is called genetic engineering. This process of changing the DNA produces genetically modified organisms (GMOs). Genetic Engineering and Genetically Modified Organisms (GMOs) are some of the most significant and controversial scientific predictions that have come t...

Scenario Planning vs Traditional Forecasting

Scenario Planning vs Traditional Forecasting One of the most iconic methods of organizational planning is scenario planning.  In scenario planning, organizations make flexible strategic plans based on different scenarios, which are predicted as possible and considered based on the advantages, disadvantages, and implications of each scenario. Scenario planning helps to simplify a tremendous amount of data into a limited number of possibilities (Schoemaker, 1995). In traditional forecasting, however, the future outcome is predicted based on historical data and trends. It utilizes statistical analysis, historical patterns, and other quantitative methods to predict future events.  Typically, in scenario planning, an organization identifies critical uncertainties, such as technology, economy, and social, that could impact the organization’s strategic plans. Scenarios are created to reflect different combinations of the major uncertainties, which adequately and coherently describe p...