Below is a link to my video describing my socio-technical plan regarding the development of an artificial intelligence based cash flow forecasting tool. I hope you enjoy it! https://animoto.com/play/FjHcHuPLgGSjKNETTi6X9A
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Blackberry: A Failure to Innovate & Accept a Shift to New Technologies During my Master of Business Administration (MBA) program, one of our capstone classes involved participating in an online program-wide, ten-week business simulation. This simulation involved simulating many facets of running a technology business and making strategic decisions based on competing priorities and available cash flow. Going into the last week of the class, a classmate and I were neck-and-neck to win the simulation and the program’s bragging rights. I lost to this classmate in the last week due to a decision made in week four due to a capital allocation decision to invest in plant production capacity to capture current market share rather than investing in new technology development. It’s a lesson I learned the hard way in graduate school, and some companies have learned through business failures. There are many examples of businesses that have failed to adapt to...