Opportunity 1:
SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.
Found on the New York Times
SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.
Found on the New York Times
International
companies that rely on Chinese factories to make their products and depend on
Chinese consumers for sales are warning of costly problems. Due to the majority
of manufacturers residing in China, this disease is stopping businesses across
the world. This problem in China can lead to economic opportunity in other
countries. Factories can be built, and jobs can be created. This would impact
business owners, people in need of jobs, and economies of the countries being
built in.
I think most people don’t think there is an opportunity from this. It is very risky, but I consider myself a risky person which is why others might not see this as an opportunity.
Opportunity 2:
Supply, demand and 'geopolitical tensions': How oil prices rise
Found on ABC News
This
article talks about rising oil prices and the causes behind them. Rising oil
prices would greatly affect nearly all industries, from factories to gas
stations to even the car industry. With so much change, to will definitely
affect opportunities. If prices are rising, maybe it would be a good time to
get into the industry. There isn’t really a prototypical customer with this. Everyone
is affected so there’s not a specific type. In addition, you could look at this
the other way; if oil prices are rising, maybe it would be good to get involved
in renewable energy sources such as the electric car industry.
My
brother is an engineer and he greatly talks to me about the car industry and
the effects oil prices have on it. In addition, we talked about rising prices
in my environmental science class.
Opportunity
3:
Federal Action on Climate
Federal Action on Climate
Center for climate and energy solutions
Given the great speed of climate change and the immense
negative affects it is having on our country, it leads me to believe there is
opportunity in this area. By creating products that are not detrimental to the
environment and can replace certain things we currently have, it would be very
successful. This would be good for EVERYONE as this is our planet and everyone
needs to help preserve it. This might be difficult to actually accomplish as
things that are better for the environment tend to be more expensive.
I saw this opportunity from my environmental science class.
Also, as a teenager I am not as worried about finances as adults which is why
the greater prices don’t bother me as much and thus is probably the reason more
people don’t seek this opportunity.
Opportunity 4:
Patient privacy in the era of medical computer networks: a new paradigm for a new technology
Patient privacy in the era of medical computer networks: a new paradigm for a new technology
Europe
PMC
With
the advance in technology, there is a higher risk of people finding ways to
steal data on your personal information. As a result, there is a huge
need/opportunity to create a software to prevent data breaches. This would
greatly benefit everyone as everyone is at risk at getting data stolen from
them. This is definitely a do-able thing to do, you just need to be very smart
and know how to code well (easier said than done, I know).
I
know thousands of people are currently working on this opportunity belief at
the moment. It ios definitely a good field to get involved in.
Aaron
ReplyDeleteI enjoyed reading about your different opportunity choices. I really like the one about rising oil prices because I think it is a real current problem that effects just about everyone. I would've liked to see links to where you found the articles. This would've helped with better understanding the opportunities. But, other that that I think it was a really great entry.
Aaron,
ReplyDeleteI definitely agree there is a potential opportunity for other countries to grow in business with coronavirus being a massive issue in China. As many counties depend on China for business, this fall in production from the country gives other countries the opportunity to step in and take their place. I agree this is a very risky opportunity to pursue as the full effect of the coronavirus is unknown; it could only last a few more weeks or many months. Because of how risky this opportunity is, and how uncertain the effects of the virus are, I personally would not consider taking advantage of this opportunity.
Hi Aaron!
ReplyDeleteI really liked all the opportunities you chose, specifically the Coronavirus one. It has been such a huge topic in these recent weeks that it is a great example to use. It can definitely affect business and our economy overall. Great post and I really enjoyed reading all the opportunities!
Hey Aaron,
ReplyDeleteI really like your take regarding the Coronavirus and how that hinders Chinese manufacturing of goods, and especially how it plays an effect internationally. The question at hand is whether or not if the virus would be a factor long enough to the extent where offshore production of goods is led towards other countries that would need the labor as a whole.