6A - Identifying Opportunities in Economic & Regulatory Trends

Economic Opportunities 

Adapting and creating opportunities to fight Climate change 
A) Economic Trends panelists say it’s time to adapt to climate change

 B) Numerous economists agree that adapting to climate change will prevent the economy from taking a nosedive - meaning less damage brought to everyday people and longer-term sustainability.

C) The prototypical customers are business CEOs, owners, and entrepreneurs who have an impact on their businesses.

D) The opportunity is a bit difficult to exploit because not everybody is on the same page on climate change -  as far as the level of danger we have come to.

* Seeing the opportunity: Being that I am tuned into the news cycle every day,  I notice that the political news sources tend to discuss the importance of climate change and the opportunities we can have at our disposal if lawmakers can agree that we have a problem, to begin with.


The US-China Trade war is leaving farmers helpless, stemming potential opportunities 
A) No love for Trump: Trade war stings some Iowa farmers

 B) The trade war effects aren't the same for every farmer, especially smaller family-owned farms. An opportunity to target these individuals can boost revenue.

C) The prototypical customers are everyday family farmers.

D) The opportunity is a bit more difficult to exploit, being outer voices are touting success, but results prove otherwise.

* Seeing the opportunity: Being that I work in the political field, one major problem that campaigns in Iowa are noticing is that not evey Iowan is thriving in our economy, they need more guidance and better opportunities.
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Regulatory changes

 New laws banning e-cigarettes create opportunities to expand on other products
A) Teens look to flavored disposable e-cigarettes as new regulations take effect

 B)A new loophole in the FDA regulations to curb teen vaping leaves some flavored e-cigarettes to remain open in the market, creating an opening for expansion.

C) The prototypical customers are young adults who smoke.

D) The opportunity is simple to exploit due to its high demand for the product.

* Seeing the opportunity: Having friends that love e-cigarettes creates discussions on the potential of it being banned or becoming the next tobacco industry crisis.


New facial-recognition technology could create opportunities to sell to police and government entities
A) Minnesota Legislature begins considering facial-recognition technology regulation

 B) Legislators across the country are considering passing legislation to allow this technology use, however, these products could be sold for profit.

C) Prototypical customers are law enforcement and government agencies

D) The opportunity is a little more difficult to exploit due to the potential customer being government entities.

 * Seeing the opportunity: Government entities are having a bit of PR difficulty in today's society, so seizing such technology should come at a price.









Comments

  1. Scott HassonFebruary 10, 2020 at 5:24 AM

    Hey Joaquin, it was very interesting to read about how facial recognition technology could be sold to police and government entities. The ramifications of this opportunity are massive with privacy being one of the most important things in our society. Under this circumstance, facial recognition cameras could identify people in public, which has a major drawback of not having any privacy, but at the same time, it could be used for identifying criminals. I would be interested in seeing whether people value protection over privacy.

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