Mr. Tony Dennis: A Day In the Life

 Serendipity, errors, and exaptation have been the most common catalysts for innovation in reorganizing our existing thought patterns and capabilities. Serendipity is an instance where something valuable is found while searching for something entirely different. An error is a mistake or omission that happened to bring about a finding or innovation. Exaptation involves taking an idea or existing technology and using it for a function for which it was not originally intended.  Serendipity in cybersecurity may have been the discovery of Heartbleed, although that incidentally occurred in 2014. In reviewing OpenSSL vulnerabilities, Google security team researchers found a critical vulnerability allowing hackers to pull sensitive information directly from servers' active memory. They found this, though not explicitly looking for it, resulting in the worldwide patching of systems and increased security protocols (Durumeric et al., 2014).  As mistakes...

For decades, Sears and Toys "R" Us held a significant share in the retail market. However, due to the lack of scenario planning, they could not grow with the changes in technology and consumer trends, which led to their decline. As this research shall elucidate, scenario planning is far more beneficial in 'planning for change' and promoting innovation in organizations. As this article discusses, scenario planning protects organizations against social catastrophes and promotes resilience.  Standard forecasting is a type of forecasting used in retailing, where brick-and-mortar stores are located. The retailer would look at historical data and set assumptions around incremental change in online shopping while looking at a gradual decline in the importance of physical stores. The problem is that it needs to be revised, as we have seen a dramatic change in online shopping over the past few years. In contrast, scenario planning does not lead to such inaccuracies, as it focu...

  Scenario Planning and Traditional Forecasting Comparison Organizations desire to remain informed of emerging trends and uncertainties for decision-making reasons. They employ two methods that stand out: traditional forecasting and scenario planning. While both approach planning for the future, they significantly differ in the result, including their means of application and efficiency under different circumstances. Traditional forecasting uses experiences to predict the future. It asserts that the future will be the same as the historical past regarding specific patterns, relationship models, or econometric techniques (Hyndman & Athanasopoulos, 2021). This approach is beneficial in stable contexts where past data can adequately predict future outcomes. For instance, selling forecasts based on historical data of previous years enables business Manipal organizations to protect their inventory and the staff needed. However, traditional forecasting has its shortcomings. For examp...

  Forecasting and predictions in the business process are essential elements of the business strategy and decision-making functions. Such processes are related to scanning the past, employing econometric modeling, and making projections about the future. One such prediction that came to pass was the boom of internet shopping, mainly through the case of Amazon’s growth. In 1994, Amazon’s business sold books on the Internet, which was a constricting vision for its founder, Jeff Bezos. Several forces were behind the prediction, and they anticipated its success, though the success seemed elusive then.  One of the significant forces that surged Amazon was the improvement of technology. The expansion of the World Wide Web and electronic payment methods created a perfect setting for online trade. As (Zhang et al., 2022) remark, and as is the case with e-commerce in whose case there is a perception about a business force, which is a technological ability, this is one of the key aspect...

  Well-Known Accidental Inventions The Internet of Things (IoT) and Cybersecurity domains have documented cases where errors or accidents have resulted in remarkable advancements. For instance, enhanced security measures have been instituted not only after the disappearance of the notorious WannaCry ransomware but also after the Mirai botnet episode. In both cases, it is clear that the cracks that appeared in the walls of security of IoT systems were the reasons for new turning concepts and methods to be developed, which would make the security of IoT systems even higher in the future. The May 2017 WannaCry ransomware onslaught epitomizes self-inflicted blunders, wherein enormous advances of loss are achieved in establishing security bona fide. This assault took advantage of a weakness in the Microsoft Windows operating system, affecting hundreds of thousands of computers in about 150 countries, including critical entities such as hospitals and transport systems. The attack's m...