FUTURE OF TECHNOLOGY DRIVEN INNOVATIONS; CRAZY OR REAL

  Retrieved from alamy.com Toys “R” Us founded in 1948 by Charles Lazarus, was one of the world’s leading retailers of kid’s toys, educational products, baby merchandise, and other children’s products (Forbes, 2022) . This store was the leading toy chain store in the United States in the 80s and 90s. This baby toy chain store enjoyed a significant market share within the United States as its concept of having specialty mega toy and baby products aligned perfectly with the demand in the American markets. Going national, Toys "R" Us quality and affordable products drove many other toy retailers out of business. However, by the early 2000s, the tables turned and the once-mighty toy giant was no longer the nation’s premier retailer for toys. High discounted retailer chains, Walmart and Target and online sites like Amazon, together with other smaller retailer shops, brought better quality and more affordable toy products to the market thereby beating Toys "R" Us in marke...

  In the world today, there are several products and services we use in our everyday lives that came from an unexpected fortunate discovery and errors. Serendipity is an unsought, unintended, or unexpected but fortunate and desirable discovery that is of great benefit and happens by accident. Serendipity is the right word to describe accidental inventions. An incredible invention that is very beneficial to society and came about by accident is the invention of champagne. Champagne discovery is associated with the cold winter temperatures in the northeastern region of France, where champagne was first created. In producing wine, the cold temperatures in the winter often interrupt the fermentation process of the grapes, leaving dormant yeast cells, which will awaken in the spring when temperatures get warmer and start the fermentation process all over again. The byproduct of this fermentation process is carbon dioxide which remains trapped in the bottled wine, causing intense pressur...

                                                                                  Scenario-Based Planning The uncertainties of future business trends in different industries leave business leaders searching for strategies to understand and anticipate possible disruptions to business operations and prepare to successfully sail through uncertainties in the future. Thus, to determine the future, most organizations use scenario planning and forecasting models to predict and prepare for what may happen in the future. In the article ‘How (In)accurate Are Demand Forecasts in Public Works Projects: The Case of Transportation’, the author emphasized that even though most transport organizations spend enormous money on transportation infrastructure, they h...