Activity 2a
| Megatrend | Key issues affecting the organization | Impact and Implication |
| Rise in Technology | The lifespans of commercial technology products continue to shrink, but those of government military and security products are becoming longer. Intelligence, security, and defense agencies must quickly and creatively overcome this “innovation gap” to keep up with their opponents. While commercial firms are benefiting from advances in nanotechnology and other frontiers of research and development, bad actors are expanding their ability to disrupt and destroy Nippn (Ciriminna et al., 2019). New vulnerabilities will be generated that confront law enforcement, security, and defense groups like never before with each new technology innovation that supports even more automation, analytics, and communication. To reach a worldwide audience of dissatisfied people, radical groups can use the internet and social media platforms’ global reach as a powerful propaganda and recruitment tool. | · Nippn’s business and operational models can now be virtual rather than physical thanks to advances in technology. In the past, assets (and liabilities) were largely accessible for purchase; currently, more adaptive organizations are renting them out in new and creative ways.
· Nippn’s management models should be able to reduce the size of the company’s organizational structure by gaining access to systems and information. · There will be a rise in new rivals as new technological advantages and increased productivity spread across industries and locations (Naffa and Fain, 2020). · Businesses might soon be required to collect and analyze real-time data rather than a competitive advantage. |
| Climate change and resource scarcity | Natural catastrophes that occur anywhere in the world may now be swiftly raised to worldwide crises demanding action because of improvements in global telecommunications. Given their expeditionary character, defense units like Nippon are frequently requested to be the first to arrive on the ground. As natural disasters increase in frequency and intensity, military response efforts will be put under even more strain as a result of climate change’s effect on natural catastrophes. Recent years have seen an increase in water and fishing rights disputes. Over time, as nations strive for both economic development and survival, this trend is likely to continue to rise (Mayer and Baeumner, 2019). | · The importance of securing resources domestically and globally via strategic alliances has increased.
· With a shift in Nippn’s food and water, patterns comes an increased risk of political and social unrest. · More regulation, both because of environmental changes and because of other sorts of incentives and disincentives like taxes. · Nippn’s new technologies will speed up the process of creating new industries or revolutionizing current ones as a result of energy shortages, climate change, and a lack of resources. |
Activity 2b
| Megatrend | Rise of technology |
| Recommendation | Nippn may want to consider incorporating new technologies into its food processing system. In order to enhance the quality of their products and expand their market, they will benefit from the application of cutting-edge technologies, such as secondary processing procedures for wheat and other food components. Machine learning and artificial intelligence may also be used to reduce the environmental impact of production at the outset, according to some experts (Oleksenko, 2019). |
| Justification | Raw material waste at the beginning of the food processing process is a charge leveled against Nippn. Internet, network-capable mobile devices, data analytics, cloud computing, and machine learning skills will continue to revolutionize our environment in the future. Many businesses across all industries are trying to figure out how these changes will alter their customers’ expectations, the way they engage with them, and the business models that enable this. By serving nutritious cuisine, the Nippn aims to build trust with its clients. As a result, the organization must use new technology to eliminate superfluous and redundant processes. However, this method is also cost-effective, which enables the firm to provide its clients with the best possible items (Koh and Leong, 2017). |
| Potential Impact | · Food processing may be accelerated by using innovative technologies at the start. In addition, it will aid in the production of high-quality products for customers. The use of cutting-edge technology in today’s business is a need that will assist boost the company’s market worth.
· A significant method to meet the demands of today’s clients is by using innovative technologies. In addition, Nippn’s activities are being pushed towards cost-effectiveness and increased sales in the market thanks to these operations. |
References
Ciriminna, R., Fidalgo, A., Meneguzzo, F., Parrino, F., Ilharco, L.M. and Pagliaro, M., 2019. Vanillin: the case for greener production driven by sustainability megatrend. ChemistryOpen, 8(6), p.660.
Koh, J.K., and Leong, V., 2017. The rise of the sustainability reporting megatrend: A corporate governance perspective. Bus. L. Int’l, 18, p.233.
Mayer, M. and Baeumner, A.J., 2019. A megatrend challenging analytical chemistry: biosensor and chemosensor concepts ready for the internet of things. Chemical Reviews, 119(13), pp.7996-8027.
Naffa, H. and Fain, M., 2020. Performance measurement of ESG-themed megatrend investments in global equity markets using pure factor portfolios methodology. Plos one, 15(12), p.e0244225.
Oleksenko, R., 2019. Position and role of modern economic education as the main megatrend of innovative development of Ukraine. Humanities Studies, (2 (79)), pp.169-181.
