1 The trade war between the U.S. and China
I found this opportunity on NewsMax. I believe this represents an opportunity because the current relationship between the U.S. and China presents an opportunity for many other countries to improve their trade relations with either country. Also, companies in each country face more difficulties trying to get their products to that foreign market. I think the prototypical customer in this case can simply be the USA or China, but it also could be consumers in each country that rely upon goods from the other. I believe this is a very difficult opportunity to exploit due to all of the politics and many others complicated factors that comprise foreign relations. I believe I saw this opportunity because I studied international economics in high school.
2 Baby Boomers aren't retiring
I found this information on the website, The Balance. I believe this represents an opportunity as the older men and women in the workforce are retiring later in the lives which is getting in the way of the younger generations. It presents an issue for the younger men and women in the workforce, but gives companies an advantage. Companies have more leverage against employees as there are ,more in the workplace and there is many with a lot of relevant work experience. Getting an extra 5-10 years out of a reliable employee can be invaluable for a company. I think this a relatively easy easy opportunity to exploit as many boomers are still in the workplace and they can be hired as can anyone else. I believe i saw this opportunity because my dad is a boomer still in the workplace looking for another job.
Regulatory
1 Marijuana legalization could be coming to these states in 2020
I found this information I believe to be an opportunity on Forbes. I believe this to be an opportunity because the legalization of marijuana will allow certain businesses to legally sell the drug while the government is able to tax the revenues. This offers a win-win for the businesses and state governments although it may disrupt the social utility of that state. I think the prototypical customer of this opportunity are marijuana users (medical or recreational) whose cashflow will boost business and increase tax revenue for the state. I think this is relatively difficult opportunity to exploit because it requires the law to be passed in each state which requires consensus from a lot of people. I believe I saw this opportunity because of a speech I heard a peer give in my professional speaking in business course in which he lobbied for the legalization of marijuana, citing the benefits for all parties involved.
2 Proposed laws aimed to reduce opioid abuse
I found this information I thought to be an opportunity on the website for Managed Healthcare Executive. I believe this to be an opportunity because the reduction in opioid abuse that comes with new laws can restore former addicts to serviceable members of the workforce and can also reduce the need for rehabilitation facilities that could be used otherwise. Not only would society improve, but business could thrive as a result of these regulations. I believe this is a difficult opportunity to exploit due to the difficult nature of overcoming addictions. I believe i saw this opportunity because a longtime family friend of my mother was recently admitted to a rehab center for an opioid addiction.
Andrew
ReplyDeleteOverall really great post I especially liked your Economic posts. I enjoyed reading about your thoughts on older people in the work force. It was interesting to hear your take on it interfering with younger people joining the work force. I also liked your entry about marijuana legalization. I too Found an article about that so it was cool to see someone else wrote about it.