6A- Identifying Opportunities in Economic and Regulatory
Trends
Economic Trend: ‘Hamlet’ in Virtual Reality Casts the Viewer
in the Play
·
There is an opportunity here with virtual
reality being brought into bigger things than just gaming but making our world
more technologically advanced by bringing a virtual reality into new spaces now
and just thinking about what they could be used for in the future.
·
A customer looking into the new inventions and
placement in a different atmosphere than they are usually are. An entrepreneur in
the sense that they are trying to place same devices into different realms of
which they are originally used.
·
I think it would be difficult to exploit mainly
due to the major price of the technology. The optimistic part is that people
know that technology is going to be a huge part of our lives as we progress
through this life so I believe people would see this as a plus.
·
I think someone has seen this opportunity and that
is why they are using it in different areas than before but where the
opportunity comes is when there is a totally different realm.
Economic Trend: Extending the Stage With Technology
·
There is an opportunity similar to that of the
one prior but with a different aspect to it. This is using apps on your phone
to engulf the viewer of a show into a new reality that shows experiences not
yet tapped or that could be thought of in different ways.
·
A customer would be someone working in the show
business that would want to bring something out of the box. Someone working
with a play company or broad street.
·
Again I think it would be difficult because it
is not something that people are used to but with technology in every aspect of
our lives coming into play I think they would see that as an opportunity.
·
I think I see this as an opportunity and someone
else already has as well seeing this came into play which is seen as a plus
because it can be brought into bigger and better things.
Regulatory Trend: Western Australia claims BHP owes up to
$215 million in underpaid iron ore royalties
·
An opportunity with this is that if it is true
that they are owed all of this money then Australia as a whole could become a
huge contender in iron ore areas which could set them apart in different areas.
·
A customer would be someone in the oil or geography
area looking to expand internationally and see opportunities across from the US
having to do with oil and tapping into naturally resources there.
·
This is because when I looked at this oil
industry then I could see that with all this money it could pose a different issue
for people within the BHP in other areas of the world.
·
This opportunity would have to be kind of large
and harder to do because it is already such a big company and just going into
that is a difficult process.
Regulatory Trend: China finance ministry announces more tax
cuts for small firms
·
The opportunity here is that small firms and
business owners in China now have different opportunities than they had just a
little while ago. With this tax cut then they are able to excel in a way that
they have not been able to which changed the dynamic of China.
·
The people who are affected by this and the customer
would be the small business owners in China because now they have the ability to
gain power within the Chinese markets and do what they will to make their mark.
·
I think I saw this because small businesses are
what this country was built on and seeing this opportunity in China goes to
show that there are being drastic measures taken to see this go into action.
·
This opportunity would be the easiest to attain because
to be a small business owner all you need is an idea and some money to make it
happen.
