Identifying Opportunities in Economic & Regulatory Trends
Assignment 6A – IDENTIFYING OPPORTUNITIES IN ECONOMIC & REGULATORY TRENDS
Economic Trends: China Transforms, and a Factory Owner Struggles to Follow
Economic Trends: China Transforms, and a Factory Owner Struggles to Follow
- Source: https://www.nytimes.com/2019/01/21/technology/china-economy-manufacturing-labor-costs.html
- I think an opportunity exists here because factory owners like the one in the article need help with transitioning with the economy.
- The customers would be the factory owners who are struggling to keep up with the changing economic trends of China.
- The opportunity would be relatively hard to exploit because it would hard to earn the trust of the factory owners so they allow you to help them.
- I saw the opportunity in this because this could be a untapped career options that people have not realized they can do in China.
Economic Trends: How Tariffs Stained the Washing Machine Market
- Source: https://www.nytimes.com/2019/01/25/business/economy/how-tariffs-stained-the-washing-machine-market.html
- I think there is an opportunity because there trends state that the washing machine market is going up. So starting a company could have a good outcome in the future.
- The customers would be the people who buy washing machines
- The opportunity would be relatively easy to exploit because the washing machine will always be on the market.
- I see an opportunity in this because washing machine is always a need and with the trends on the raise, it could create a lot of revenue.
Regulatory Trends: Regulatory Issues in Transfusion Medicine
- Source: https://doi.org/10.1016/B978-0-12-813726-0.00003-9
- I think an opportunity exists because blood is regulated both as a drug and a biologic. So company can be created that deals with that.
- The customers would be the hospitals that need safe blood for their patients and patients who need the blood.
- The opportunity would be relatively easy to exploit because blood needs to be regulated so there is always a need for people to check it.
- I see an opportunity in this because people need blood to live so a business that ensures the blood they use is safe is important to have.
Regulatory Trends: High eating self regulatory skills predicts lower weight gain and healthy dietary intake among first year undergraduate students
- Source: https://doi.org/10.1016/j.respe.2018.05.495
- I think there is an opportunity here because people want to be in shape, so a business created to help undergraduate student stay fit will be beneficial.
- The customers would be undergraduate students would be the target for this business
- The opportunity is relatively easy because most people want to stay healthy during their undergraduate years
- I see an opportunity in this because health is important and most people want to be healthy as they grow older.
Gerielle,
ReplyDeleteI find your perspective on what is a regulatory measure very interesting. I would have never thought of one's ability to regulate their eating habits as a regulation, but it absolutely is! There is definitely an opportunity to exploit this unmet customer need. This business could also expand way beyond the scope of undergraduate students, but a explicitly targeting customer base might be beneficial for the start of the business.
Hi Gerielle,
ReplyDeleteI enjoyed reading your list. I think it's interesting you brought up about the washing machine market. Do you see an opportunity as a washing machine manufacturer, distributor, seller or machine parts distributor? I think your idea is fantastic, although I must say advise you if you want to be a manufacturer, it would take a lot of money and resources to create your own washing machine product, not to mention that you would be fiercely competing with other established major brands in the market such Samsung, LG, and Maytag.