Economic Trend: More Retailers File for Bankruptcy Twice as They Struggle with Rising Debt,
Pressure from Amazon
B.
The information in this
article has led me to believe a new opportunity exists. Huge name stores and
brands have been filing for bankruptcy not once, but twice. I believe the
opportunity arises from this excerpt “Part of the problem is that it is only
becoming more difficult to remain relevant as a retailer in an age where Amazon
is dominating more categories online as consumers
shop from their couches instead of in stores.” These stores are not doing well
because they are competing with the comfort and convenience of shopping from
homes, or really anywhere.
C.
The idea customer is a
working parent constantly on the go but still wanting to buy from her favorite
shop, not Amazon.
D.
I think the opportunity
is relatively easy to exploit. If we could find a way to give a virtual tour of
a shop to shoppers, or let them thumb through the racks on their phone,
shoppers would still buy from these stores just from a remote location.
E.
I believe I saw this
opportunity as a young woman who loves shopping but has very little time to do
it. For that reason, I have always thought about a better way to online shop from
my favorite stores.
Economic Trend: Newer
Generations Shifting Towards Thrift Shopping in Effort to Save Pockets and
Planet
B.
This information has led me to
believe an opportunity exists. Because newer generations are buying used clothing
to save the planet and money, why wouldn’t they spend their money on other used
goods?
C.
The
ideal customer is a teenager who cares about fashion, the environment and a
budget.
D.
I
think this opportunity is again relatively easy to exploit. If given the chance
to shop in a mall that consists of entirely used, but working, goods I think thousands
of people would go. People will look for the easiest way to do something so finding
all used goods in one place will make shopping for them much easier.
E.
I
believe I saw this opportunity because I am someone who doesn’t mind using used
goods and I care greatly about the environment. I don’t like the “throw away” mindset
so this opportunity was fairly easy to spot.
Regulatory Trend: A Shift
Towards Enforcing Background Checks for Gun Purchases
B. This information has lead me to believe an opportunity
exists. There have been too many people hurt and killed because of our nation’s
attitude and laws regarding gun policy. There is a growing problem that our politicians
refuse to agree on policy that would save lives.
C. The ideal customer for this opportunity is
everyone. Everyone would benefit from stricter gun laws.
D. I believe this opportunity is very difficult
to exploit because politicians can never agree on anything because of their
unbearable need to “win.” It is really sad that such an important issue has
such difficulty finding a solution because there are so many sides to the issue.
E. I believe I saw this opportunity because I
live near Marjory Stoneman Douglas and for that reason I feel very passionately
about gun control policy. People near me have been hurt terribly and it is time
for something to be done.
Regulatory
Trend: Money and Market for Cyber Security is Growing
B. This information has lead me to believe an
opportunity exists. As the Internet has grown, cybersecurity has become an
increasingly more important. There are hackers and cyberthreats that are becoming
a problem for regular citizens and national governments.
C. The ideal customer for this opportunity are
computer users and national governments that use technology and want to protect
the data on their devices.
D. I believe this opportunity is difficult to exploit
because it would take people with very specific knowledge and skills. It would
have to be people who truly understand technology and the data.
E. I believe I saw this opportunity because I am
a young person who wants to protect my privacy. Growing up with the Internet
has made me wonder how the progression of data sharing will become a benefit to
society but also a threat.
Hi, Nicole! I really enjoyed reading about the opportunities you found in these articles. I especially enjoyed the second one about thrift shopping malls. That is a very creative solution that I had never though about, but I would definitely go to one if it existed. I could see young people going there as an activity to scout out cool items that they might actually be able to afford. Also, people could make some cash by selling their unused items to the stores at a low price. Great idea!
ReplyDeleteHey Nikki! I think you did a really good job spotting opportunities through economic and regulatory trends here. If I had to pick one I particularly enjoyed, it would be the thrift shop one. Similarly to you, I don't mind using things that are used and I think an opportunity could truly exist here. Keep up the great work!
ReplyDeleteHi Nicole, I thought you did a great job on this assignment and came up with some interesting opportunities. I was most interested in market for cyber security growing because I am not as technical as some people and feel that my computer and phone are not very well protected. This means that people want a more guaranteed solution to protect their computers and phone presenting the opportunity. Great job!
ReplyDeleteHeyo Nicole! I enjoyed the articles you referenced greatly, you can tell the times are changing drastically, as a lot of markets are opening up and the political climate shifting. The trends are definitely interesting and could result in some business opportunities. Taking advantage of the change of the tides is extremely smart and will get you places, one hundred percent!
ReplyDelete