Identifying Opportunities in Economic and Regulatory Trends

Samantha Twohig
ENT3003
2/4/20
Identifying Opportunities in Economic & Regulatory Trends


Economic Trends:
Opportunity #1: Johns Hopkins Doctor Says New Coronavirus is Here to Stay, Expects ‘Seasonal’ Outbreaks

• I found this on CNBC under the Health and News section
• If this is true and the Coronavirus is here, then this gives opportunities for scientists and doctors to work on possible ways to cure this disease.
• The prototypical customer for this opportunity would be doctors and scientists as they will be able to see the symptoms first hand and find ways to cure it before it gets worse.
• I believe that this is difficult to exploit because this virus is continuing to grow and each patient is experiencing different levels of each symptom.
• Someone may not see this as an opportunity but rather a bad thing as this virus has now spread to us. However, I see it as an opportunity to cure it while also an opportunity to help those who may already be experiencing the symptoms.

Opportunity #2: Restaurants become card only

• I found this in an article on the business sector of BBC News
• Many restaurants have started to take cards only, similar to the restaurant in New York City mentioned in this article. This shows multiple opportunities; one being the prevention of robberies at stores. Also it gives people the opportunity to carry less things around when shopping or getting food.
• The prototypical customer is both the customers and the stores or restaurants that make this change.
• I feel like this may be difficult because it is going to be hard to make sure that everyone starts to always carry their credit card around.
• I see this as an opportunity from my own experiences. For me it is easier to just have my credit card on me rather than having cash.

Regulatory Changes:
Opportunity #1: Privacy Regulations

• This was found in an article on internetsociety.com
• Privacy statements are a very important part of an organization. It is a way for consumers to get quickly informed about the organizations policies, however they are fined if it is hard to understand. This is an opportunity for the consumers to be fully aware of how and where their data is being handled.
• The customers are the consumers because with these regulations they are told specifically, about how their data is being handled by the organization.
• I think this will be relatively easy to exploit because all consumers want to make sure that their information is being protected.
• I see this as an opportunity because if it were me, I would like my data to be protected as well.

Opportunity #2: Apple and Facebook are hypocrites regarding privacy

• I found this on the atlantic.com
• Apple made a statement saying that privacy is one of their most valued aspects. However, it was seen that Facebook paid teenagers to install an app that was able to collect personal data from their phones. This is an opportunity because it implies that privacy regulations are necessary and we have an opportunity for that new regulation to happen.
• The customers of this opportunity are the consumers because their data will be more protected.
• I think this will be a little hard to exploit but it is definitely necessary
• I see this as an opportunity because I use Facebook and I have Apple products so what is that was me? I like my privacy...We all should!