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Showing posts from June, 2024

Society 5.0

 How to adapt the Society 5.0 and its development, include learning and developing some essential entrepreneurial skills? The biggest things of Society 5.0 is the improvement of  the AI and technology. To adapt Society 5.0 we need to know how to fully utilise the technology and AI. Learning to creating and using technology is a need for now as people could not live without technology.  Labour work are now replace by machine, so labour work are less needed now and it causing "study" job important as "non-study" job are replace by machine. Study that involve in technology would more important compare to study that does not involve on technology. Society 5.0 is also a time where everyone is finding a solution and solve the problem. This become problem solving are more important nowadays. So is better to find the solution instead of adapting the problem. 

Adaption and Development on Society 5.0

In  order to align with the tenets of Society 5.0—which highlight the merging of technology and social demands to create a human-centered society—people must prioritize lifelong learning and develop critical entrepreneurial skills.   People that continuous learning are better able to know chances for innovation and value development because they are staying up to date on new technology and social needs. To learn about subjects like digital literacy, data analytics, and cutting-edge technologies like blockchain and artificial intelligence. Example, we can choose to interact with educational materials from respectable organizations like Harvard Online Learning and MIT OpenCourseWare (Harvard University, n.d.; Massachusetts Institute of Technology (MIT), n.d.).   Using online learning platforms such as Coursera, Udemy, and LinkedIn Learning can also give access to materials and courses that support the growth of entrepreneurial abilities like creativity, critical thinking, a...

Adaption and development on Society 5.0

Week 3 Task  The FEP-KLTSA Business Challenge offers a chance to combine fundamental entrepreneurship abilities with the principles of Society 5.0. In consideration of this problem, there are some ways to change and develop the principles of Society 5.0, that encourage the integration of technology and society for advancement that is based on the needs of people. First, there is a way to deal with social concerns by combining modern technologies like blockchain, AI, and IoT  (Bukar et al., 2022) . By using these tools, participants will be able to come up with creative solutions that increase productivity in a variety of industries. Additionally, addressing human-centered design ensures that solutions can be modified to fulfil societal requirements. Creations that really help society are promoted through a system of detailed research and the application of user feedback. Moreover, developing solutions and sharing knowledge are encouraged when collaborative ecosystems...

Adaption and Development on Society 5.0

 Adaptation and development within the framework of Society 5.0 involve a holistic transformation of societal structures, leveraging advanced digital technologies such as artificial intelligence (AI), Internet of Things (IoT), big data, and robotics to address social challenges and elevate living standards (Smith, 2023). This approach emphasizes human-centric solutions and requires a seamless integration of technological advancements with societal values, ethics, and sustainability imperatives. Key aspects of Society 5.0 include fostering collaborative innovation ecosystems, developing smart cities and infrastructure, and upholding ethical standards in AI deployment (Jones, 2021). Collaboration among diverse stakeholders, including startups, businesses, educational institutions, and governments, plays a crucial role in driving entrepreneurial activities, economic growth, and societal progress. Furthermore, Society 5.0 places significant emphasis on continuous learning and skills de...

Problem solved with AI

Week 2 Task   Artificial Intelligence ( AI) has become a powerful tool for resolving a wide range of issues in numerous industries.  Unfortunately putting it into practice creates a variety of difficulties that need to be solved. First, since AI models depends mainly on data, the quality of the data becomes important since incorrect information might produce inaccurate results  (European Union Agency for Fundamental Rights, 2019).  In addition, people may find it challenging to understand or trust the decision-making process due to the interpretability of complicated AI models. Fairness and bias are also major worries since AI systems could accidentally reinforce already existing prejudices in the data, resulting in distinguishing results  (Holdsworth, 2023).  Additionally, developing AI systems to a large scale without reducing performance and efficiency will causes an issue. The use of AI is also challenging with ethical and legal concerns. These include ...

Risk management (Group)

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  Week 4 Task   Risk management is a solution to solve or reduce threats to an organization's capital, earning and operations. For examples there is some of the risk, such as financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters. Apply risk management will be better prepared and have a more cost-effective way to dealing them. As an entrepreneurs, having a risk management strategy is important. It can reduce the risks involved with starting and maintaining a firm. Risk management strategy's purpose also can reduce the risk of harm towards to your organization while increasing its chances of success. Conducting a risk assessment is an important stage in entrepreneurs' risk management processes. It determining the possibility of potential threats to your company. A risk assessment assist you in identifying the parts of your organization that are the most susceptible and prioritizing risk management measure. ...

MINDSETS - Creative Confidence

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Week 7 Task An argument about whether Facebook overpaid for WhatsApp when it accumulated the company in 2014 for $19 billion raised doubts among the community. At the time, WhatsApp had more active users than Facebook, with over 450 million, making it surpassing Facebook's user base at the time  (Edwards, 2014) . In my opinion, I think that Facebook does not overpaid for WhatsApp due to a variety of reasons. I think Facebook paid WhatsApp the amount of money is because of WhatsApp's growing popularity, its potential as a Facebook substitution, and its assurance of independence and free of ads usage.  WhatsApp gained global recognition as a result of its extensive use. Another factor was the potential danger posed by WhatsApp as a Facebook competitor. Facebook acquired WhatsApp in a move to strengthen its position as the market leader in messaging apps and keep WhatsApp from threatening its market dominance   (Isaac, 2023) . Considering current issues, the acquisition is a...

The Basic of Venturing - Effectuation in Action

 Indeed yes it was able to use in company. While it was very useful for entrepreneurship, but effectuation also useful for medium company and large company since it was able to make a decision when there is no way to find the probability of the future.  Effectuation emphasises reasoning from a given set of means to new envisioned outcomes, whereas other frameworks may rely on upfront planning and causal reasoning. These are the primary distinctions between the effectuation framework and other entrepreneurial frameworks. No, but sometime it can be true. Effectuation is not a substitute for the model of causation and prediction. Some circumstances necessitate a causal approach, while others call for an effective one. This is due to the situational nature of decision-making. Yes but it depends on the meaning of planing. Planning necessitates defined objectives, and the beginning point of execution differs from a defined objective. The entrepreneur's accessible resources are the f...

Wicked Problems Live in Modern Cities (Group)

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Week 8 Task Problem Definition According to user surveys and interviews, there are many nasty challenges that come with being a modern city resident. Urban traffic congestion is one of these issues that has to be addressed immediately. Traffic jams regularly trap commuters, wasting valuable time and making their problems worse. Traffic delays have more consequences than just being inconvenient; they also cause financial losses and hinder productivity. Furthermore, there is a noticeable environmental cost since idling cars release chemicals into the atmosphere that worsen air quality and fuel climate change. ( Jain, V., Sharma, A., & Subramanian, L. 2012) Transportation system inefficiencies worsen the problem, with fragmented public transportation systems and poor infrastructure making traffic problems worse. High traffic numbers raise the probability of accidents, endangering the safety of both vehicles and pedestrians. This raises serious concerns about safety. Another important ...

Grab wow

      Grab started as a taxi business and has grown as a ride-haling service. It expanded its operation not just in the ride-hailing sector but also in new business such as food delivery. (Duong V.,2024)     Grab has many different services provided. One of which is the GrabPay which is a QR-based mobile payment application. This app is used for payment to their services.  Grab also has GrabFood which is a food delivery service that has given a chance for Grab driver partners to make double their income by becoming GrabFood delivery partners. (Duong V.,2024)     Grab is also good because the customers are able to see the service provider. Grab take as much responsibility for problems related to the drivers. It also goes hyper-local which modify their services and collaborate with service providers to provide an enhanced user experience. One of Grabs unique selling point is user safety. They will only partner with professionals to offer the service...

Divergent and Convergent Thinking, Point of View Statement & How Might We (Amazon)

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Challenges Amazon is an American multinational technology company that sells products and services online. Most of Amazon’s operating profits come from its cloud computing division, Amazon Web Services (AWS). Amazon is also a leader in generative artificial intelligence (GenAI) with its Bedrock platform.  One of the main challenges that Amazon has been facing all the time is counterfeit products. Counterfeit products have been a significant challenge for Amazon, as they can undermine consumer trust and satisfaction. Despite Amazon’s efforts to combat counterfeits, the sheer volume of third-party sellers on its marketplace makes it difficult to entirely eradicate counterfeit listings. Because of the scope and complexity of its marketplace, Amazon continues to face a difficult challenge in eliminating counterfeit products. Continuous innovation and engagement with brands, sellers, and regulatory authorities are critical in combating counterfeit products on Amazon's platform. (Team Ho...

MINDSETS - Creative Confidence

 What are some of the problems bringing in new investors? 1. Unknown risk in investment  While no every of the investor know what is the risk of the investment. New investor may not find out more before it start to invest causing higher risk to loss there investment. New investor also do not know about the hidden risk of the investment while only looking at the surface area. 2.Overload of information Undoubtedly, some investors will lack knowledge, but others may possess much information, which might lead to anxiety, bad decision-making, or placing faith in the wrong people. While having to much information, it may cause lowing your best decision making and lowing your effort. 3.Limited invest challenge Having little money to invest is another difficulty for novice investors. This only becomes worse when some financial products cost too much. 4.Not getting help The majority of individuals would rather figure things out on their own and don't feel comfortable asking inquiries. ...

Frame The Design Challenge (Grab Food)

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Week 9 Task What is Grab Food Grab Food is a popular online food delivery service that is particularly popular in Southeast Asia. The platform allows users to order a variety of cuisines from local restaurants and food vendors via a smartphone app or website and enjoy fast door-to-door delivery. Other than food delivery, Grab Food also provide parcel delivery service and transportation service. As a representative of food delivery services, Grab Food not only brings convenience to users, but also promotes the digital transformation of the food industry. As technology advances and user needs grow, we can foresee that service platforms like Grab Food will continue to evolve, providing people with richer and more personalized dining experiences. Problems: Customers using Grab Food regularly experience delays due to significant delivery time challenges.  These problems are made worse by the increase in demand, which results in longer wait periods for orders to be fulfilled.  Addit...