1) There is big trend in the amount of solar panels that are being used in the United States. I found this on ClimateSolutions.org (https://www.climatesolutions.org/bright-future/clean-energy-economy/economics-of-solar-growth). With the usage of the Solar panels going up, I see this as an opportunity for the companies of these solar energy plants to make more money and drive up the economy with renewable energy.. I think there are a lot of customers with this opportunity. There are a lot of people who want to save the nonrenewable resources and be more"green". Given those people there are a lot of customers that will jump on board and continue to boost these sales. I think that this gives more companies an opportunity to move forward with this kind of energy and continue to make more jobs and try to boost the economy with these methods. This method is easy to exploit as there is a target group for sales an continuing to use them to make more money would be easy.
I see this as an opportunity because as some of the resources for energy are running out, these will continue to serve purpose and be readily available.
2)Another economic trend i found would be to continue to make professional sports arenas and stadiums more fan friendly and engaging. I found an opportunity onhttps://www.gsb.stanford.edu/insights/five-key-trends-are-driving-business-sports , that talked about the arenas being more technologically advanced for fan engagement. I think there is an opportunity to continue to bring in fans and sell more tickets if the arenas are more fan engaging. In the period of technology prominence, people want WiFi and other forms of social media to attract them to go to the stadium. The most likely to be a customer would be any sports fan, especially those with families. They want to have their kids being entertained and not causing a scene in the game. Making the arenas more fan friendly will do that.This would be easy to exploit. The teams have the money to integrate these into the arena and would generate more with the more ticket sales.
I am interested in the business of sports and seeing this opportunity is interesting. This opportunity would be a good one.
3) For a new regulation in the state of Illinois, n effect in 2019, texting while driving could lead to enhanced punishments and even license suspension. I saw this new opportunity at https://wqad.com/2018/08/17/texting-while-driving-could-lead-to-license-suspension-under-new-illinois-law/ . I believe this is a great opportunity for people to stop texting and just drive. It is an opportunity for enhanced safety for everyone on the road. I think for this new regulation, everyone would be the customer for it. There would be more tickets worth more, and people would be safer making everyone more aware around them. This would be hard to exploit because a lot of people text while driving and they try to do so that they will not be seen by the cops. It is hard to get everyone to buy in on these regulations.
I saw this opportunity because I feel that it is an opportunity to make the roads a safer place and make the world safer by doing so. I believe that making harsher penalties would make people less likely to take part in it.
4) Another Regulation that is a great opportunity to be safer is food regulations. The FDA has certain guidelines and protocols food handlers need to follow in order to ensure safe products. I found this opportunity by seeing a study by Northeastern at https://www.northeastern.edu/graduate/blog/understanding-basics-food-safety-regulations/ . I think that thee is an opportunity for people to stop falling victim to food poisoning and other illnesses. I think the biggest customer of the new 2018 regulations by the FDA are the food consumers. This will be easy to exploit as if we can get all of the people responsible with handing the food to follow the regulations then people will be healthier and safer.
I saw this opportunity because I eat a lot of food and making sure it is safe to eat is very important. I think that by having these new regulations it will make people more likely to trust restaurants and people handling their food.
Hi Tyler! I read your post and thought you had some really solid ideas. I see opportunities with each article you reviewed. It's funny because I also wrote about solar panels and alternative energy and recognized how common solar/wind/hydro energy is becoming. I also agree with you that there should be more regulations when it comes to food, because a lot of processed items have an awful amount of unhealthy ingredients. More regulation with food = healthier eating for everyone! Plus it's easy to exploit, like you said.
ReplyDeleteHi Tyler. I really like the economic opportunity that you pointed out regarding sports stadiums and making them more fan friendly. I am from Tampa and I am a huge Tampa Bay Bucs fan. The only problem I have with them is that when they play their 1:00pm games in the Florida heat, it is just simply too hot in the stands to enjoy the game. I think if the Bucs, along with other NFL teams, could make their stadiums more enjoyable when it comes to the local weather, fans would be much more engaged and would get an overall better experience out of their time there.
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