1) Find four opportunities.
· Economic Trends
o Climate Change causing more natural disasters
o Globalization making world into a single market
· Regulatory Trends
o Oil Price decline since cleaner natural resources found
o Embargoes of Tobacco and e-cigarette products in more HDI concerned countries.
2) List each opportunity, one at a time.
· Regulatory Trends
o Embargoes of Tobacco and e-cigarette products in more HDI concerned countries.
a) I thought of this trend because of the work in 5A, an article mentioned that the FDA is fighting against the teenage and young adult use of e-cigarettes.
b) An opportunity of creating much more efficient nicotine replacement that would be sold to Universities, Colleges, and schools that would remove the nicotine from the body of the subject to remove the addiction. I think that this is an opportunity because people need to find solutions to stop these addictions.
c) The direct customer with this opportunity would be organizations such as Universities, schools, and colleges where they would target directly to their students this solution.
d) This opportunity is not too hard to target but it is not easy at all. Research and development must be taken. I would not like to find a ‘magic pill’ but a diet, foods, patches or a detox procedure to eliminate all of the nicotine from the body.
o Oil Price decline since cleaner natural resources found
a) This trend is found all around the world since, in the future, there would be an abolishment of oil due to the number of carbon emissions it produces when consumed, and as technology shifts to a cleaner and greener viewpoint; we will not use oil as the ROI (return on investment) would not be as efficient as other energy sources.
b) Opportunities in the green/clean energy sources such as solar panels, wind turbines, etc.; would boom in investment, creation, and consumption.
c) The potential customer would be the government since they would invest on the clean technology to not depend on the price of Oil. Every machine based on the engine consuming gasoline would also be impacted due to the abolishment of the production because of the need for gasoline to work. This includes machinery, cars, motorcycles, etc.
d) This opportunity is very hard to achieve because a for of money needs to be spent on research and development for green technologies to actually be efficient and replace our worldwide dependence on oil.
· Economic Trends
o Globalization making the world into a single market
a) I found this trend in https://www.thebalance.com/top-usa-future-economic-trends-3305666, and its credibility is biased since ‘The balance’ is a great source to learn about economic trends.
b) I think that an opportunity exists that people have already started to implement. This includes globalizing either highly risked such as opening headquarters in other countries and low risk as outsourcing the prime materials to save costs. The world acting as a single market has opened many opportunities to act as a single market instead of competing with each other.
c) The customers that take this opportunity are the customers who take the advantages of globalization such as saving money, more jobs, and faster economic growth. This customer may be a business trying to save some costs.
d) This opportunity is relatively easy to exploit since the ease of e-commerce and social media has helped the globalization expand exponentially as the world’s import & exports increase frequency.
o Climate Change causing more natural disasters
a) I also found this trend in https://www.thebalance.com/top-usa-future-economic-trends-3305666, it gives a list of the most important Economic trends in the US market.
b) There have been more hurricanes and they have become more powerful in the last 50 years. There has been an increase in the power of monsoons in India, there are more Tornadoes in the South of the USA.
c) The most likely customers to appeal to this trend are the Businesses and Governments. They are the people who influence the customers and the responsibility for regulating emissions and being corporately responsible.
d) This opportunity has increased in the frequency of its appeal, due to the responsiveness of the economies with their acts and responsiveness towards the environment. This trend is very complicated to respond since the businesses are profit driven as well as the economies. It costs money to appeal to be ‘greener’ and corporately responsible.
3) Why did you see the opportunity?
· Economic Trends
o Climate Change causing more natural disasters
§ Stronger Hurricanes are rising with more frequency. Since the sea level rises as the glaciers and ice caps melt; the average temperature of the sea as rose 1-2 degrees Celsius. This eases water to turn into higher speed winds since higher temperature water carries more potential energy. We need to solve this problem right away.
o Globalization making world into a single market
§ For my Amazon business, one of my major individual sales came from Singapore. That would have never happened if I did not choose to sell globally. Thanks to that sale I learned that some products are not available in other markets. As the world shifts to a single global market; people are able to access products out of their geographic availability with a single click thanks to e-commerce.
· Regulatory Trends
o Oil Price decline since cleaner natural resources found
§ I pursue an eco-friendly lifestyle where I try to emit as low emissions in my personal footprint as possible. I feel that if everyone acts as responsible or more responsible than I currently try to act; the world would experience a dramatic positive change towards sustainability.
o Embargoes of Tobacco and e-cigarette products in more HDI concerned countries.
§ I am a smoker, in Ecuador (my hometown), everyone smokes and it is seen as a ‘normal’ habit. I do not like to smell like cigarettes, I do not like to spend money, I do not like my teeth to get yellowish…. I want to get all of the nicotine out of my body.
I have recently heard about the FDA's regulatory plan to ban e-cigarettes and I do agree that there will be an opportunity in the market if the ban becomes active. However, I am not sure what your trying to say. Are you suggesting someone invent something that has the ability to remove a nicotine addiction? I that could be done then it would definitely solve the epidemic.
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