Economic Opportunity #1-
#1- The Opportunity: The rising demands of sanitary masks in China is resulting in a large scale shortage across the country. This could be an opportunity for an entrepreneur to develop a low-cost mask that can effectively prevent the spread of the Coronavirus. This provides the opportunity to enter a Chinese market as well as an opportunity to aid the containment of the virus.
#2- Breakdown:
A- https://www.scmp.com/economy/china-economy/article/3049170/why-china-grips-facial-mask-shortage-coronavirus-death-toll. by Elaine Chan, South China Morning Post.
B- The current shortage in the Chinese market for sanitary masks has lead me to believe there is an opportunity for entrepreneurs to step in with a low-cost easy to manufacture yet effective mask capable of being produced at a rapid rate to aid in combating the Coronavirus.
C- The prototypical customer for this opportunity would be consumers currently living in China who do not have access to masks to help prevent the spread of the Coronavirus. The new masks could be supplied to hospitals in the country as to further aid in the containment of the virus.
D- This opportunity would be relatively difficult to exploit as the masks would need to undergo various testing to ensure their quality before being deployed to assist in the containment of the Coronavirus as well as issues that could be encountered when entering a foreign market.
#3- Why did I see this opportunity: The spread of the Coronavirus is a tragedy that is taking China by storm and as a result is causing a vast shortage in the supply of sanitary masks. I see this opportunity as a chance to assist the Chinese effort to contain the virus by supplying the government, hospitals, and citizens with low-cost, effective sanity masks to relieve the shortage and help combat the Coronavirus while also giving the chance to enter a new foreign market.
Economic Opportunity #2-
#1- The Opportunity: The need for clean energy in 2020 is becoming a huge opportunity for technology inventors as they create new technology to fill this gap.
#2-Breakdown:
A- https://www.cfr.org/blog/2020-presidential-candidates-race-renewable-energy-how-will-they-get-there by Zoe Dawson.
B- This article describes the need for clean energy products to help replace older, more disruptive products to help combat climate change.
C- The prototypical customer for this opportunity would be consumers looking to make a difference regarding the current issue on climate change, tech companies, and state and local governments.
D- This opportunity could be relatively difficult to exploit as it requires products to meet very strict environmental regulations while also meeting the standards and expectations of customers.
#3-Why did I see this opportunity: The climate change dilemma is one that affects everyone around the globe. By introducing new, cleaner products entrepreneurs can take advantage of this emerging market while also combating climate change.
Regulatory Opportunity #1-
#1- The Opportunity: New security regulations that will punish companies for failing to protect data from hackers could lead to an opportunity for a more advanced internet security system.
#2-Breakdown:
A- https://www.forbes.com/sites/waynerash/2019/12/19/regulation-in-2020--new-ways-the-government-will-affect-your-business/#27cdb42b3f23 by Wayne Rash, Forbes.
B- The article describes new security regulations that will be implemented in 2020 that will force companies to comply with a higher level of data protection. However, with the amount of data breaches companies have been experiencing it seems that there is certainly a market for new high security data systems.
C- The prototypical customers for this opportunity would be businesses and government organizations that require a higher level of hacking prevention.
D- This opportunity could be relatively difficult to exploit as it would require meeting these new regulations and require the product to always stay on top of new security threats.
#3- Why did I see this opportunity- The increasing amount and cost of data breaches has been very concerning and with the implementation of forced regulation to ensure that these data breaches are brought under control I could see an emerging opportunity for new cyber security.
Regulatory Opportunity #2-
#1- The Opportunity: New 5G technology could require new, faster, and adaptable network infrastructure technology to ensure that it will stay compliant with new regulations.
#2- Breakdown:
A- https://www.forbes.com/sites/waynerash/2019/12/19/regulation-in-2020--new-ways-the-government-will-affect-your-business/#27cdb42b3f23 by Wayne Rash, Forbes.
B- This article brings up the new emerging 5G technology and how it will have to be able to adapt quickly to new regulation designed around it. This brings with it the need for a new, adaptable network infrastructure that can be updated quickly as new regulations emerge.
C- The prototypical customers for this opportunity would cellular companies that are branching into the new 5G technology.
D- This opportunity could be difficult to exploit as the infrastructure will need to advanced and must be able to keep up with the demands of the customers and government regulations.
#3-Why I see this opportunity- The new 5G market will bring with it a new need for infrastructure that can be easily modified to keep up with government changes and new laws applied to the brand new technology.
I found your answers all to be very in depth and well thought out. You had great ideas for new business and the reasons to back these new ideas up. By being so in depth you were able to flush out your plan and quell any doubts. I liked what you said about clean energy and seeing it as not just an ethics issue but a business opportunity too. Overall, great work.
ReplyDeleteHey Aaron,
ReplyDeleteWe're currently heading in the direction of cleaner energy (via solar farms, etc.) and cleaner methods of building things. As someone who works in the construction industry, we're constantly working for ways to implement cleaner energy methods and cleaner building materials. Entrepreneurship for cleaner energy is always necessary to shift us in the right direction.