Economic Trend: “Climate Change is Causing More Natural Disasters”
Opportunity Belief: Due to global warming, it is creating unpredictable weather which is creating more natural disasters (such as wildfires and floods). It is harder for farmers to produce certain crops. Therefore, farmers are having to raise prices.
Prototypical Customer: I think the prototypical customers are farmers and their customers.
I think this opportunity would be both easy and hard to exploit. Global warming affects pretty much everyone due to everyone relying on crops for a source of food. So, the opportunity is there. It is just the matter of how the execute the opportunity.
I saw this opportunity after seeing floods and wildfires destroy towns. If they are destroying towns, then they are definitely destroying our crops. This is the reason prices of crops can fluctuate.
Economic Trend: “Oil and Gas”
Opportunity Belief: The U.S. Energy Information Administration predicts oil prices to keep escalating in price. They predict in 2050, Oil prices will almost double what they are now.
Prototypical Customer: Anyone that uses oil.
I think the opportunity would be easy to exploit. The reason is because so much stuff runs on oil.
I saw this opportunity after seeing gas prices continually going up. They may go down a couple cents, but then they go back up double than what they went down to.
Regulatory Changes: “Cyber Security and Data Privacy”
Opportunity Belief: There are so much more hacking and data breaches now due to way more data on the Internet than ever before. From punching in our credit cards for an online purchase to giving away our social security number to see if we ‘qualify’ for some insurance. There are different ways that hackers can get someone’s personal information.
Prototypical Customer: Anyone that puts their personal data on the web.
I think the opportunity would be easy to exploit. Everyone uses the Internet and having an extra security feature would be beneficial to everyone.
I saw this opportunity after getting some of my credit cards hacked through not very trusty websites.
Regulatory Changes: OSHA Electronic Reporting of Injury and Illness Data
Source: http://www.riskonnectclearsight.com/regulatory-changes-2017/
Opportunity Belief: OSHA requires employers to submit data and forms electronically now. Employer are having to upload files and send files in electronically.
Prototypical Customer: Anyone who needs to submit forms into OSHA.
I think the opportunity would be easy to exploit, because these forms are very important.
I am sure employers have punched in information wrong and the opportunity exists where they put in the information.
Hello Melanie,
ReplyDeleteI understand these global and economic problems. I think about them and discuss them with my friends all the time. Global has been an issue that keeps getting worst and worst as time passes. CFCs are destroying the Ozone and out summers are getting a lot hotter. People can actually feel it. Oil prices are scary to me because there will be a time where our resource are too scarce for our necessities. Hopefully through our millennials generation we find solutions to these. It is up to our generation to find solutions to these that are not harmful to our environment and the future of our species.
Melanie,
ReplyDeleteinteresting topics, like the OSHA article. The change from old school paper and pen to the computer screen is still a process for some companies. I would not have thought anybody didn't;t use a computer to do all things for the company. Also the global warming affecting the farmers and making them rate prices. Good topic to talk to growers a out.