Entradas

Addressing the types of wicked problems that people who live in modern cities experience

Problem Definition   Traffic Congestion: Users face frustration due to spending excessive time in traffic jams or waiting for delayed transportation means.   Inefficient Public Transport: Challenges include improving public transport connections, schedules, and ensuring timely arrivals.   Lack of Real-Time Information: Users encounter difficulties in obtaining real-time information on transportation delays, leading to inconvenience.   User persona   Dynamic Millennials and student: A user group identified as needing efficient city navigation solutions to enhance their experience.   Story board   Morning Commute: Users rush to catch the bus but face delays due to traffic congestion, leading to frustration.   Public Transport Woes: They struggle with inefficient public transport connections, missing transfers, and experiencing delays in reaching their destination.   Real-Time Information: They try to check for transportation updates but find it challenging to access real-time informati

Risk Management in Entrepreneurship

  Risk management is an important process for all companies, especially small and medium-sized enterprises (SMEs). It involves detecting, assessing, and minimizing risks that may affect the organization's objectives . To improve risk management practices, entrepreneurs must expand their theoretical knowledge and become familiar with the various risk management approaches and tools available (Robert, 2020) . These tools may include planning, accounting, and control methods, which are critical for risk management in small business investment projects (Bondarenko et al., 2021). Furthermore, risk management techniques such as Failure Mode and Effect Analysis (FMEA) and Failure Reporting and Corrective Action System (FRACAS) can help with both proactive and reactive risk analysis (Xia et al., 2020).   Entrepreneurs can benefit from learning how to successfully recognize, interpret, and manage risks. According to research, risk-taking, independence, and motivation are important determin

Applying the “How might we” framework to Amazon

  Applying the “How might we” framework to Amazon   How might we mitigate s upply chain disruptions ?   In an everchanging environment like nowadays world, various events can cause the appearance of disruptions in logistics ( Hopstack , 2022 ) . Th ese events ca u se delays, whic h negatively affect Amazon’s revenue and its reputation with customers.     The “framed” approach: Investing more money in supply chain procedures, to statistically lower the chances of disruptions. However, this would probably require immense amounts of investment, which means that this option is not the most feasible one.   The “out-of-the-box” approach:      Each time a vendor or customer experiences delays due to such disruptions, provide them with compensations in form of discounts or points in later purchases within the retail platform. In this way, keeping both groups loyal to the service, and avoiding the loss of reputation and/or customer base.   Develop predictive models using Artificial