Reflective of future thinking Essay Example | Topics and Well Written Essays - 1750 words

Reflective of future thinking - Essay Example However, there are a myriad of factors to be considered before developing innovations in a company, including the sustainability aspect of new products and technology. Overall, there are many changes in the world, as well as in the business world. These have mainly been realized because of the advanced changes in technology, which in turn influence the economy of a country and the global economy as well. Various industries today also exhibit great changes in their practice and products, compared to past decades. In this presentation, the main focus is on the car industry, which has not been left behind, with regard to technology. In the world of technology today, new inventions are developed to increase efficiency. Similarly, in the car industry, major new technologies are unveiled on a regular basis. These might be concerned with improving safety of cars, usefulness of cars, cars’ entertainment and luxury aspects, or for purely innovative reasons. Most of the new car innovati ons are exciting and have improved efficiency in various aspects of cars. The first car was invented in the year 1769. Today, this first car cannot be compared to the present supercars, in terms of technology and efficiency. As a result of increased technological advances in cars, today’s cars are more safe and reliable than they were in past years. In the car industry, technological advancement is key, therefore, it is expected that this industry will produce more technologically advanced cars in the future (Christidis, Hildalgo & Soria 2003). However, different factors will influence the extent to which technology is adopted in the car industry in future. These include the availability of fuel and level of pollution by cars. With regard to fuel, the car industry, compared to the pat years, has increased the number of cars that it manufactures, and reduced the cost of cars, thus making cars to be affordable to many people. This therefore, has led to high consumption of fuel, and it is feared that in future, fuel might become scarce, since it is being exhausted today at a high rate. Additionally, the car industry is regarded as one of the top industries that highly contribute to global warming. Most cars today use petroleum, which emits Carbon dioxide gas on combustion. Therefore, in future, the car industry might consider fuel economy and reducing global warming, when it develops new car models, as these factors will promote sustainability (Macrel & Cooper 2011). In order to analyze the future of cars with regard to technological improvement, this paper will employ different tools and techniques of foresight. The initial thinking about the future holds that there is so much unpredictability in the future. It is therefore, not possible for people to perfectly figure out what the future holds, since a myriad of factors, which are beyond human control, influence the events of the future. Human beings have different expectations about the future. Although no human being can peer into the future, these use their minds and imagination to create a picture of the future, which might be unrealistic. Overall, people expect positive things to happen in the future. However, these expectations might not be in line with what the future really holds. This