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Futuring and Innovation on Electric car with solar panel roof

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  Electric vehicles are becoming more visible on American roads that are cool, special, and futuristic. Electric cars are becoming cheaper, making them more accessible to the general public. The electric vehicle has changed people’s opinions with feature advanced touch-screen interfaces, self-driving capabilities, and much more. We can expect to see completely autonomous cars shortly. The performance of these vehicles has significantly improved, with vehicles such as Tesla’s Model S being able to overtake traditional sports cars. Energy demands are surging with the rise of electric vehicles. According to Schaal(2019), Solar charging for cars is being developed where chargers can convert solar energy into electricity for EVs and vehicles that have solar panels attached to their roofs. Car running solely on solar energy is an incredible prospect and still under development to make it successful. Faster-charging, longer-range battery power is the future of electric vehicles. It’s quite ch
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Sociotechnical Plan

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  In the mid-1990s , Nokia emerged from Finland to lead the mobile phone revolution. It rapidly grew to have one of the most recognizable and valuable brands in the world. Nokia’s early success was primarily the result of visionary and courageous management choices that leveraged the firm’s innovative technologies as digitalization and deregulation of telecom networks quickly spread across Europe. According to Doz (2017), “The core business focused on incremental improvements and a relatively small data group took up the innovation mantle. Nokia had begun to collapse in the mobile communications market because of technological advancement, rapid market change, and growing complexity. Management decisions, dysfunctional organizational structures, growing bureaucracy, and deep internal rivalries all played a part in preventing Nokia from recognizing the shift from product-based competition to one based on platforms. Nokia had become a sitting duck to growing competitive forces and accele
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Innovation Example

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  Innovation is the development of an absolute value that meets a new need of a customer and is critical in the modern economy. According to Dwyer(n.d), “Innovation is the process of creating value by applying novel solutions to meaningful problems (Dwyer, n.d.)”. Incremental innovation is the most common form of innovation that uses existing technology and increases the value to the customer. Innovation can be achieved through the following Serendipity : Discovering something good or useful. According to Meige (2010), “Serendipity is the ability to make accidental but fortuitous discoveries, especially while looking for something entirely unrelated. Pasteur and his collaborators discovered the vaccine against cholera is an example of Serendipity. Serendipity is a manifestation of creativity in which inspiration comes from outside( Meige ,2010) ” . Errors : Making a mistake that leads to discoveries and innovation. The famous proverb “Necessity is the mother of invention,” which
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Planning and Forecasting

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  Planning and Forecasting  Forecasting sounds too simple, but a lot of challenges might face along the way. The driving forces that impact business forecasting success are clear outline objectives and focus on the process. The most critical step in the forecasting process is growth, reducing costs, maximizing customer retention. If the specific goals and objectives are not clear, it won't be easy to achieve the forecasted goals. Forecasting can help them deal with these troubles, but it can help them more, the more they know about the general principles of forecasting, what it can and cannot do for them currently, and which techniques are suited to their needs. The strategy and process for implementing rolling forecasts within an organization are to ensure consistency, and the process needs to be efficient, easy to implement. Forecasting in business creates opportunities to make critical business decisions based on estimated future trends. Business forecasting is a prediction or
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Scenario planning versus traditional forecasting

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  The scenario planning takes into consideration past events, as well as developments that we are currently monitoring as probable disruptions and visualize what future conditions or circumstances are likely. The scenario planning only illuminates different ways the future may unfold and are not predictions. The strength of using scenario planning is mixed with qualitative and quantitative views. According to Ogilvy (2015), “The scenario planning has enough detail to assess the likelihood of success or failure of different strategic options and has a methodical eight-step process. The process has two major parts: first, choosing which scenario logics comprises the first five steps, and second, telling its implications and early indicators in the next three steps. 1: Focal Issue 2: Key Factors   3: External Forces 4: Critical Uncertainties 5: Scenario Logics 6: Scenarios 7: Implications and Options 8: Early Indicators (Ogilvy,2015). Traditional forecasting uses histo
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Accidental innovations

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  Think Tank Methods Think tanks are a group of people who read, discuss, think, and write, to address an issue or problem. According to Hernandez(2018), “Think tanks are a group of people that review the literature, discuss the literature, think about ideas, do tons of research, write, provide ideas, legitimize ideas, advocate, lobby, and arguing about addressing problems. Innovation should be a constant business priority. There are two types of think tank models, one roof model where everyone gathers in one physical place to meet face-to-face or the without walls model where members only communicate through technological means” (Hernandez,2018). Innovations are new ideas that are executed to create and generate values. We face lots of challenges in life every day and based on the challenges, and people try to come up with new ideas to solve the problem and innovate something new to make things easier and creative. The innovation is very critical in the modern world, which addres
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The eXtended reality (XR) technology

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The eXtended reality (XR) term used to describe immersive technologies that can merge the physical and virtual worlds . According to Marr (2019), the technologies available currently are augmented reality (AR), virtual reality (VR), and mixed reality (MR), and XR will be mainstream in the next five years. XR technology will give customers the ability to try before they buy. The XR collects and processes vast amounts of data along with voice activation and sophisticated visual display (Marr,2019). According to Pomerantz. & Rode (2020), “The XR technologies were proving their value to education and Exploring the Future in higher education. Individuals and institutions have been involved with XR deployment on campus and identifying the open questions and problems that need solving. EDUCAUSE has published three reports on XR, which demonstrate that XR is an effective technology for active and experiential learning. XR helps promote student engagement with learning materials an
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