Security is the top-notch issue that every entrepreneur should focus on, to mitigate the chances of frauds that happen within an organization. Protecting both the assets and the personal data is an essential move towards adhering to the ethical standards. I secure padlocking sector is a modern form of beefing security by use of biometrics, as opposed to the traditional way of using codes or key. While biometrics involves the employment of the modern technology in detecting the users based on the registration, the clients have to remain aware of the cyber insecurity, which targets electronic devices that are programmed using a particular algorithm (Holm and Mackenzie 2014, p.120). One of the importances of the idea generation in “I secure padlocking” is to impede the chances of hacking the system to access personal data. This kind of security is largely reliant on the bio-data of the individual, who in most cases use the thump stamp to allow access. Furthermore, new ideas assist in diversifying the security of the various sections within the business. This enables integration of all systems that run the activities, and monitor them at a close range. As new methods of enhancing security are being invented, so are the aggressors refining their skills to intrude into other people’s privacy. Da Veiga and Martins(2015,p.169)affirm that the ease of access to hacking tools such as phones increases the complexity of introducing new biometric systems.
Problem-solving is the central idea for manufactures of the I secure padlocking system. Offering a solution to the way other companies and people can enhance the security of the assets is the right plan to maneuver is such a market. Solving a problem increases the brand image, hence attracts the number of customers willing to subscribe to the system. The blue ocean strategy encapsulates that the best way to remain unique in the market is to tap into the areas where other competitors are scaring away to venture into. People would be much attracted to use a product that solves their challenges. This way, the entrepreneur benefits from the improved profits. Commentators envision the idea of problem-solving to be costly, regarding time and costs (Holm and Mackenzie 2014, p.121). They also note that the problems changes with time and the present designs of the I secure padlocking might fail to work shortly, hence the need for continuous change.
Innovation in the I secure padlocks sector is important due to the continued changes in the way the enemies work. As the system uses the personal data to allow certain individuals to use particular premises, ill-intentioned people can study the operation of the fixed gadgets, and come up with a counter algorithm to render the system malfunctioned. Due to this, the entrepreneur has to continually review the technology and make it more complicated to understand for a third party. Although innovation is perceived to have a positive impact in regards to designing more efficient padlocking system, businesses and individuals face different problems, which might not be solved by a common invention. The privacy is not fully upheld because some ideas are communicated to the potential customers, with the intention of strategizing to come up with an excellent system. Far and above, entrepreneur for I secure padlocking sector should be an opportunist. It’s defined by Haivas et al. (2012, p.327) as the person who is alert to detect any opportunity presented in the market. It is associated with learning what the market demands, regarding security standards. Through studying the market environment, the entrepreneur can position the locus of his or her services.
Developing a security system that is more effective than the traditional keys and codes is a journey entangled by enormous challenges. The entrepreneurs should position themselves in a way to shy off the negative sentiments from the opposes and focus on the core mandate of improving the security sector. One way is to recruit professionals in the computer-related technologies, who have a wide knowledge of the arena. Such experts are skilled in converting the theorized ideas, into practical and observable products. They have their ways to troubleshoot the problems until the final objective is achieved. Furthermore, conducting a market analysis prevents the entrepreneurs from the disappointment of failing to sell the system. In the modern world, the feedbacks from the customers are used to design the channel of market entry. Moreover, the investors get an idea of what the buyers demand, hence tailor the products based on preferences and tastes. While developing the I secure padlock, understanding the kind of challenges the clients go through would assist to come up with the system that solves the primary hurdle. While the discussed points are considered external, Haivas et al. (2012, p.342) is of the idea that inherent motivation is by far effective. It entails encouraging the employees to work and appreciating their performance through offering plausible remunerations.
Developing I secure padlock involves various stages of technological developments. One of the weaknesses that an entrepreneur would face is lack of enough capacity to enhance the security of the data that is fed in the biometric. Although the system is developed to enhance the external safety, how to deal with the recorded information poses a challenge to the developer. Coming up with a way to conceal the data is involving, both regarding time and cost. Due to this, the entrepreneur would take more time researching how to safeguard the innovation, at the expense of the final user (Fulton et al. 2015, p.302). Again, the ever-changing technology is difficult to curb. More sophisticated programming languages are coming up, which forces the old models of computerized gadgets to be updated, least they fall prey to online aggressors. Any investor in this area is, therefore, required to continually review the padlocking system. This might not happen due to lack of enough workforce capacity that is skilled enough to offer technical support. Finally, lack of proper marketing strategies to position the product in the market could derail the acceptance of the new invention by the potential customers. Understanding strengths and weaknesses would form the basis to come up with a new design.
Da Veiga, A., and Martins, N. (2015). Improving the information security culture through monitoring and implementation actions illustrated through a case study. Computers & Security, 49, 162-176.
Haivas, S., Hofmans, J., and Pepermans, R. (2012). “What Motivates You Doesn’t Motivate Me”: Individual Differences in the Needs Satisfaction-Motivation Relationship of Romanian Volunteers. Applied Psychology, 63(2), 326-343.
Holm, E., and Mackenzie, G. (2014). The importance of mandatory data breach notification to identity crime. 2014 Third International Conference on Cyber Security, Cyber Warfare and Digital Forensic (CyberSec),89-123.
Fulton, D. J., Garsombke, T. W., and Fulton, R. A. (2015). ASEAN Entrepreneurs Facing Two Major External Impacts: Envisaging Opportunities or Challenges? International Journal of Innovation, Management and Technology, 6(4), 300-304.
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