Assignment 6A –
Identifying Opportunities in Economic and Regulatory Trends
1. Economic
Trend: Structural unemployment has increased
b. I
think an opportunity in this situation exists because people are always on the
lookout for jobs that match what they studied in college suit their skillset, which
results in acquiring a part-time or temporary job that does not match their
skillset or studies.
c. The
prototypical customers are unemployed people, specifically those who may have
just graduated from college, and people who are looking to find better jobs
that suit them better.
d. I
think it is relatively hard to exploit this opportunity because, although it does
pose a need, the rate at which certain jobs are needed more than others or less
than others cannot be accurately predicted or control by people. In addition,
new jobs can be created, but it doesn’t mean that those jobs match the
education and skillset of the workers who are looking for jobs.
e. I
believe I saw this opportunity because I always hear stories about how people
are always struggling to find a job in the career fields they had always been
interested in but are unable to.
2. Economic
Trend: Higher housing prices
b. I
think an opportunity exists here because homebuyers are always looking for more
information about current housings costs, and that means they would be looking
to experts for advice on buying a house.
c. The
prototypical customers are people who are looking to buy a home instead of
renting one, most likely couples who have been married or are looking to get
married.
d. I
think this opportunity can be hard to exploit because different regions in the
U.S. have different housing costs and different jumps or dips in costs in the
real estate market. Information may be easy to obtain and use in the short run,
but predictions on the future of the real estate market may or may not be
accurate.
e. I
believe I saw this opportunity because housing is applicable to everyone living
in the United States, whether or not an individual is renting or buying. In
addition, because of higher housing prices, it makes it more difficult for
younger people to buy a house, and they would become less willing to do so
because of rising prices.
3. Regulatory
Change: Background Check Expansion Act
b. I
think an opportunity exists here because, even though this hasn’t been passed, there
has been growing concern over the number of shootings in the United States, causing
people to fear for their safety when going to big events or even just walking
around the neighborhood or a place where people normally socialize, like a mall
or movie theater.
c. The
prototypical customers are people who already own or are looking to buy a gun.
Though, people who aren’t gun owners and have no intention to guy a gun of their
own could also be considered customers as this act also affects them indirectly
by screening potential gun owners who may or may not be qualified to own a
firearm.
d. I
think this opportunity can be hard to exploit because of the debate around the
use of firearms and background checks in order to get them. Even if this gets
passed, there will be individuals who would be reluctant to do a background
check and may search for other means to get a firearm.
e. I
believe I saw an opportunity because of the rising number of shootings in the
U.S. and the big debate around firearms in general.
4. Regulatory
Change: Supporting the goal of increasing public school teacher pay and public
education funding
b. I
think there is an opportunity because there have been teachers going on strike
for higher pay and education funding, so it is at least a clear want for those
who work in the school system.
c. The
prototypical customers would be the teachers who are going on strike for higher
pay and the students who are being affected by decisions being made about
public education funding.
d. I
think this opportunity can be hard to exploit mainly because I believe most of
the opportunities that could be taken from this situation is mainly up to the
government and the action it takes in regards to teachers’ pay and public
education funding. I don’t think it’s full of opportunities that a single
company or individual can take advantage of since the school system is very
reliant on the government.
e. I
believe I saw an opportunity in this because school funding and teachers’ wages
have always been reoccurring issues full of debate and there is a lot of dissatisfaction
among teachers about how much they’re being paid as well as the quality of
education that students are receiving in public schools.
Hey Kaitlyn,
ReplyDeleteI really liked how you included a-e bullet points. It really organized your blog and provided a unique and needed structure for the amount of information that was needed. I like your first point of about the structural unemployment increasing and could tie into my regulatory changed point about jobs becoming more mechanistic. Over all great job on this assignment!
Hi Kaitlyn!
ReplyDeleteI enjoyed reading this post because of how organized it is and also because of how descriptive you were with each point! The story on background checks caught my eye most because I believe something needs to be done as soon as possible to deal with the rising number of shootings in our country. Overall I think you did very well on this assignment!