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Newspaper Industry - Scenario Planning

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             This document will discuss how scenario planning impacted the newspaper industry and some of the driving forces that caused many newspaper companies filed bankruptcy. Some newspaper companies have implemented layoffs and restructuring due to the breakthrough of the Internet that changes the landscape of news and information delivery. Scenario planning instigated from the summit meeting that was organized by World Association of Newspaper and News Publication (WAN-NP) resulted in the identification and prioritization of issues within the industry (Wade, 2014).  The visual diagram of the eight-steps of scenario planning process is presented to serve as an illustration of the methodical process (Ogilvy, 2015, January). The impact of scenario planning of the newspaper industry is the manifestation of its values and necessity for sustainability. The strategy applied in the implementation of scenario planning has reclaimed the global and...

Scenario Business Planning

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https://www.forbes.com/sites/stratfor/2015/01/08/scenario-planning-and-strategic-forecasting/#5200356411a3                    Scenario planning is a selection of future scenarios that go beyond budgeting and routine strategic planning which is based on the current and last business reports. Scenario planning is a tool used to probe the future by using several scenarios from good, bad, better, and worst scenarios with a specific objective. Scenario planning is a prediction of the future by using the current data available and trends in the industry. Several narratives with the maximum of five but not less than two are developed in conjunction with the selected set of scenarios. Based on strategic plans, each scenario will cover details to be used in the evaluation of success and failure of the scenario.  The set of scenarios is intended to support a specific objective and answer some questions presented to address, “what if” analy...

Accidental Innovations

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Accidental Innovations             Entrepreneurs’ success in breakthrough ideas is considered as a number game. Entrepreneurs need to apply experiment, and test efficiently; because breakthrough should be short-term and rapid experimentation. Many ideas will not result in execution, because, people are afraid to fail and failure is due unsuccessful risk management in the execution of the plan in producing the product or services. In reference to the authors, startups should be “fast and cheap,” (Davila & Epstein, 2015).  Rapid deployment of the idea will require minimizing major risks for cost control, use results to execute invention, and learn from experiments fast for rapid final innovation (Davila & Epstein, 2015).              One example of accidental breakthrough is an entrepreneur who has failed many times, and accidentally realized that prov...

Technology Trend and Education

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Technology continues to revolutionized trends in various industries—mainly educational environment. The academic environment is a very complex organization, because, academics requires strategies to provide a high-quality of education that will meet various needs within the community, workforce, consumers, and including global needs. The challenges lie in the development of a new curriculum revolving around technology and a new teaching method. In addition to new teaching method, finding highly-qualified professionals to teach courses that will align with the new trend in technology. However, could colleges and the universities will be able to catch up with the fast-growing trend in technology and fulfill the needs of the domestic and global workforce? NMC Horizon Project Report 2016 HigherEducation Edition

The innovations in the next 10-20 years from now

Videos on the website below have described some innovative idea that could be a part of our daily lives in 10-20 years from now. There are just some of the innovations that may have been happening now or will be soon. In one of the videos, I have watched is about hiring the hackers. After various industries have spent billions of dollars in mitigating cyber attacks and huge data breaches, shall we consider hiring the hackers? Farming the mindset and ideas of hackers might provide better knowledge and understanding beyond what IT professionals current knowledge.  If you check these video, you will be amazed. As we heard about driverless cars, the horizon to this type of technology is closer --I think. You may need to hit CTRL key and the link. https://www.ted.com/

Innovative ideas

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What are some of the innovations that can transform various fields of science such as computer science, cybersecurity, data retention and privacy, social media, worldwide web, human intelligence, etc. Do you think the society is ignoring these innovative ideas? What is the driving force for these innovations that could be in existence 10-20 years from now?  Watch the video on the link below and share what your thoughts about hiring the hackers https://www.ted.com/talks/misha_glenny_hire_the_hackers