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Economic trend: International tourism is growing
due to a strong economy, the affordability or air travel, visa facilitation
practices, and technological changes.
o
The first opportunity I see looking at this
trend is the opportunity to invest in tourism industries such as air travel, lodging,
and local tourism attractions. The second is the opportunity for the creation
of jobs in these industries which creates a better economy for local cities and
towns that attract tourism.
o
I believe these opportunities exist because based
on current trends and projections, it is expected for international arrivals to
continue to grow, especially due to low has prices.
o
The prototypical customer that benefits from
this trend is the middle-class citizen who wishes to travel affordably.
o
I believe this opportunity is easy to exploit because
it is strong and ubiquitous in various parts of the globe.
o
I saw this opportunity because there is data backing
up my initial belief. Due to the uncertainty of the global economy, someone else
might not view this as much of an opportunity because they may be warier of
fluctuating economic trends.
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Economic trend: The U.S automotive market has
begun to recede from all time sales highs.
o
Source: https://www.automotivebuysellreport.com/auto-industry-trends-suggest-now-may-be-good-time-to-sell/
o
Auto industry cycles coincide with US economic
cycles and therefore it is projected for sales of automobiles to drop soon.
With this projection in mind, auto dealers can begin to prepare by creating
cash reserves to cushion a blow. This creates an opportunity to prepare and use
this information to their advantage.
o
It can be difficult to exploit this opportunity
because it is uncertain when or how badly auto dealerships will suffer the
consequences of an economic drop.
o
I believe this opportunity is hard to see. I had
to think about this in a way that created an opportunity to begin with. What I
mean by this is that it is mainly a negative projection, but it serves to
prepare auto dealerships for a blow. Others might not view an opportunity here
at all.
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Regulatory change: New legislation will
facilitate research to evaluate the safety and effectiveness of medical
marijuana for veteran’s PTSD and chronic pain.
o
Source: https://blog.norml.org/2019/01/24/bicameral-legislation-to-force-the-va-to-conduct-research/
o
An opportunity exists for veterans who will be impacted
by the research findings. They will have better means to deal with chronic
conditions and improve their standard of living.
o
This opportunity was due to legislation to allow
the VA to conduct research. The length and cost of the research will determine
how difficult it will be to exploit this opportunity.
o
I see an opportunity because trends in the use
of medical marijuana have demonstrated that it works. Research backed findings
will enable the government to use real data to make the medication more
accessible to Americans.
·
Regulatory change: A Nebraska state senator is
proposing legislation to give parents and students more options when choosing a
school.
o
Source: https://www.1011now.com/content/news/Senator-proposes-School-Choice-legislation--504761162.html
o
An opportunity exists for students here because
they will not be forced to attend public schools due to a lack of money. They
will now have more options to choose from when it comes to their education.
o
This opportunity is easy to exploit in the sense
that it will allow parents more options. I believe there is an opportunity
because a lot of parents would prefer to send their kids to private schools.
Hey Angelica,
ReplyDeleteThe auto sale trends look to be affecting New-car dealers. So if that type of business starts to decline perhaps the opportunity lies within the used car sales market. People are buying less new cars so maybe they will hang on to their old car longer. Another opportunity exists in the auto mechanics market to support people keeping older cars running.
The Nebraska legislation would probably help private schools of those families that are interested in attending, but not currently doing so for whatever reason. If the legislation helps private schools, the public schools will have more competition for attendance rates and funding, and will likely improve themselves as well to become a more attractive option to families in the area.
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