1. Economic Trend: Financial Markets Control Oil, Gas, and Foods Prices
Where I found it: I found it at thebalance.com. The information said that supply and demand is becoming less important in determining the prices. Foreign exchange traders determine the value. The speed of transactions are also speeding up.
What leads me to believe that this information suggests an opportunity might exist: An opportunity might exist because it no longer depends on supply and demand. Instead, networking may play a bigger role.
Who I think is most likely to be the customer with the opportunity: Anyone who drives long distances would most likely be the prototypical customer.
Is the opportunity relatively easy or relatively difficult to exploit, and why I think so: This opportunity is very difficult to exploit because it is not based on supply and demand anymore. Rather, it may be based on a "who you know" method which could be difficult to take advantage of for a large amount of people.
Why I saw the opportunity: I saw this opportunity because there are people who do not commit to the supply and demand model, but rather take advantage of other methods for opportunities. This opportunity is designed for the population that deals with foreign exchange trading.
2. Economic Trend: Baby Boomers Aren't Retiring
Where I found it: I found it at the balance.com. The information said that over half of the baby boomer generation were forced to delay retirement due to the economic recession. This created a goal to keep costs low and incomes high. This has resulted in younger generations needing to find new ways to find jobs, such as computer technology creating new career paths, or pursuing higher education.
What leads me to believe that this information suggests an opportunity might exist: An opportunity might exist because of the result of baby boomers not retiring. New jobs are being created by and for the younger generations.
Who I think is most likely to be the customer with the opportunity: The customers with the opportunity are those individuals who are newly graduates, and are seeking their first jobs for their careers.
Is the opportunity relatively easy or relatively difficult to exploit, and why I think so: I believe this opportunity is relatively easy to exploit because of the necessity of a huge majority of people needing to work. Creating these new technological based careers will allow these people to find and obtain jobs.
Why I saw the opportunity: I saw this as an opportunity that many people may not have. Most people may see this as younger generations needing to compete with baby boomers for their jobs, but I see this as an opportunity to create new jobs based on our technology, which will benefit our economy as well.
3. Regulatory Change: Data Privacy and Cybersecurity
Where I found it: I found this opportunity at the KPMG advisory page. This opportunity can help better promote safety for those who participate in any online activity.
What leads me to believe that this information suggests an opportunity might exist: An opportunity might exist because privacy and cybersecurity is a growing necessity and many people would be interested in it.
Who I think is most likely to be the customer with the opportunity: Any online business, statistics source, or individuals with social media would most likely be customers with the opportunity.
Is the opportunity relatively easy or relatively difficult to exploit, and why I think so: This opportunity is relatively easy to exploit because of the growing need for it. As the world becomes more and more dependent on technology, more privacy and cybersecurity measures will be needed. Laws and rules restricting open access to other accounts will be heavily supported.
Why I saw the opportunity: I saw this opportunity as a way to advance current safety protocols for online activities. Securing personal privacy would enable customers to feel safer.
4. Regulatory Change: Credit Management
Where I found it: I found this opportunity at the KPMG advisory page. This opportunity can help better promote safer online banking transactions.
What leads me to believe that this information suggests an opportunity might exist: An opportunity might exist because identity theft is a serious issue and could occur when one's credit is not secure. An opportunity for better credit management would be very popular among people who use credit cards with a high limit.
Who I think is most likely to be the customer with the opportunity: People that are dependent on their credit cards for major purchases would most likely be the customers with this opportunity.
Is the opportunity relatively easy or relatively difficult to exploit, and why I think so: This opportunity is relatively difficult to exploit because people tend to be very cautious when it comes to their banking. Exploiting this opportunity would first require obtaining their trust, which could be difficult.
Why I saw the opportunity: I saw this opportunity as a way to better manage online banking transactions for people that are very busy throughout the day. Improving credit management will also allow for a safer, more secure method to ensure that their finances are private.
Hey Dylan,
ReplyDeleteI also read on the article about baby boomers not retiring. I think that plays a role in why we have so many different job opportunities through social media, amongst other things, that we didn't have before. The idea about credit management is a great idea. I know from personal experience identity theft is a terrible thing.
Hi Dylan,
ReplyDeleteIt’s interesting that there is an article inferring that commodity prices are more about traders rather than supply and demand. It may be true that traders can manipulate short term pricing, but I feel that the rule supply and demand will still rule in the long term. Data privacy is an obvious issue with tons of opportunity for the right individual(s). It’s apparent that there aren’t enough qualified individuals filling these roles or it may be that many of these companies just don’t place a high value on protecting our privacy.