question archive you considered the implications of the Fourth IR when developing a company’s strategic plans
you considered the implications of the Fourth IR when developing a company’s strategic plans
Subject:BusinessPrice: Bought3
you considered the implications of the Fourth IR when developing a company’s strategic plans.
Post your responses to posts written by at least two of your peers. Address the following in your responses:
· In what way(s) do you agree or disagree with their assessments of the impact of their chosen aspects of the Fourth IR on their strategic plans?
· In what way(s) do you agree or disagree with their assessments of the impact of their chosen aspects of the Fourth IR on their companies?
· How might other aspects of the Fourth IR impact their strategic plans, their companies, or both?
Consider the following questions:
· Does your response push the conversation forward?
· Does your response offer your perspective?
· What about your peers’ stories can you relate to?
· What can you learn from your peers’ stories?
· Are your responses clear?
· Have you considered the viewpoints or insights of the original posts?
Peer One:
The company that I choose for this project is Toyota Motor Corp. The company was established in 1937 by Sakichi Toyota. Now, the company is one of the global 500 companies and its headquarters is located in Aichi Japan. Toyota’s operation had separated around the globe from Japan, North America, Latin America, Europe Africa, and Asia Pacific (Global Operation, n.d). Moreover, Toyota offered an abundance of services from the different industries; financial, robots research, and automotive (Other Toyota Business, n.d). Although they invest in numerous industries, their goals are to provide safe products to their customers.
One of Toyota’s well-known investments is the Cartica system, which is the pioneering computer-based perception system for the automotive market (Toyota AI, n.d). Cart products include; automated emergency braking, cruise control, collision warning, and predictive environmental model. It is great for Toyota’s objective because it enhances safety and reduces road accidents (Cartica AI, n.d). For example, their predictive systems provide accuracy on weather, distances, angles, and driving situations (Cartica AI, n.d). Moreover, this system will help reduce accidents because it helps drivers analyze road conditions and provide better suggestions for them. This aspect will play a vital role in the strategic planning of my company because one of our objectives is to reduce accidents and provide safer products. It will help us attract more customers and build a better reputation, which will help us gain our market share. Moreover, investing in this technology will also provide a technological opportunity for us. There are two disadvantages to this technology. First, if the predictive system had failed, it will create chaos in the road because of the unclear road condition and it will put drivers in danger. Also, there are chances of software prone to hacking if someone hacks your software and it will put you in potential danger nor you will be lost all of your personal information. For instance, tracking you down with the GPS or destroying your sensors and put you at risk. Overall, the merits of new technology could put us in a safer environment, but it is used in the wrong way it will be a calamity.
