6a

Economic Trend Opportunities:

1. One recent economic trend is that baby boomers aren’t retiring. This is largely due to the recession. Even some baby boomers that can afford to retire continue working in some capacity. They do this because the Great Recession scared them into keeping their cash inflows greater than their cash outflows.

There is opportunity that lies here for start-up tech companies looking for millennials. Since the baby boomers are still taking up a lot of jobs in the economy, this is a good way to attract the millennials and create a workforce for your up and coming business.

a)      Source of Information: https://www.thestreet.com/story/13474521/1/why-baby-boomers-are-not-retiring.html

b)      What leads me to believe an opportunity exists here: What lead me to this conclusion was that when I began reading the part about baby boomers staying in the workforce, my first thought was how I was going to get a job if the baby boomers still occupy a lot of them.  So then I thought that these millennials have to work somewhere, and what better company than a technology company.

c)       Most likely customer: Millennials

d)      Difficulty of Exploitation: Getting the word out.

e)      Why do I see this opportunity?: Because I am young and see more opportunities for younger people than I would for older people. I have also seen how fast technology can improve and see the possibility there.

2. Another economic trend is the strengthening global demand. This is great for everyone, especially those looking to solve problems globally or enter their company into a new market. It is particularly booming in Europe and Japan.

This is an opportunity for these small start-up companies looking to expand or looking for a specific market segment where their new product might fit.

f)       Source of Information: https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-2018/

g)      What leads me to believe an opportunity exists here: Recently I have noticed that there are a lot of chain restaurants in Florida in general. So when I saw a few cute ones downtown by the beach, I loved it. There is a need for more differentiation in shopping and eating. People like individuality and uniqueness. It makes them feel like they haven’t been there before and are really experiencing something unique.

h)      Most likely customer: The people looking for a mom and pop shop. 

i)        Difficulty of Exploitation: The fear of being pushed out by the big guys. 

j)        Why do I see this opportunity?: It is because I would like to run a small business one day. 

Regulatory Change Opportunities:

1. 

k)      Source of Information: KPMG’s Ten Key Regulatory Challenges for 2018; https://assets.kpmg.com/content/dam/kpmg/us/pdf/2018/02/728013-nss-fs-top-10v5-web.pdf

l)        Cyber Security and Data Privacy: There has been an uproar recently about maintaining users privacy so that big companies don’t try to use ads that are specific to targeting the customer. Some key actions that are coming up that involve this topic include: conducting data protection impact assessments and perform internal and external threat assessments.

m)    What leads me to believe an opportunity exists here: I believe an opportunity exists here because people want to be protected when they are online and they don’t want to be subjected to targeted ad placement. The use of this information is powerful. With the recent publicity in this area the time is now to act on internet security ideas.

n)      Most likely customer: cautious internet users, probably younger

o)      Difficulty of Exploitation: One of the difficult parts is going to be what gives your security an edge and makes it better than everyone else’s.

p)      Why do I see this opportunity?: I see this opportunity because I am young and have first-hand experienced the targeting ads online.

2.         

q)      Source of Information: KPMG’s Ten Key Regulatory Challenges for 2018; https://assets.kpmg.com/content/dam/kpmg/us/pdf/2018/02/728013-nss-fs-top-10v5-web.pdf

r)       Risk Management Governance and Controls:

a.       Some key actions include: Conducting enhanced risk identification and scenario analysis, and developing demonstrable processes and evidence to document issue management identification, escalation and remediation, inclusive of critical challenge. These actions will mean stricter regulations for businesses. 

s)       What leads me to believe an opportunity exists here: The opportunity here is the fact that these businesses will need more knowledgeable employees to refer to these rules. There with soon be a market for this. 

t)       Most likely customer: the government and administrative companies

u)      Difficulty of Exploitation: The difficulty lies in finding people who know the rules well. 

v)      Why do I see this opportunity?: I see an opportunity here because I have a background in accounting.