- https://www.forbes.com/sites/stephaniedenning/2018/12/27/2019-business-trends-executives-need-to-consider/#74e13a97229e
- I found this article from Forbes. The fourth trend on this article describes how there is a shift from an ownership model to renting model. With the ever growing rise of companies like Spotify, Netflix, and Zip Car, more and more people are seeing the value in renting out something rather than owning it. This is mainly due to the fact that there are always different trends in society and nothing really ever stays permanent. Companies like this give you access to the thing you want when you want it, and typically for a cheaper price. Yet, these companies are still making loads of profit hence why more and more companies should seek switching their business model to fit a consumers needs. The prototypical customer changes according the brand, however, the growing trend of renting seems to be the preference of most consumers in this age.
- I am an avid consumer of all the products mentioned above. Especially as a college student, who is always going with new trends, I find it much easier to rent things rather than commit my self to buy them.
- https://www.cnbc.com/2019/01/14/oppenheimerfunds-cio-krishna-memani-no-recession-for-at-least-5-years.html
- This article that I found from CNBC talks about how the Oppenheimer Funds CIO stated that there will be no recession for at least 5 years. The positive negotiations between China and the United States have recently boded well for stocks. This opportunity not only helps with the trade war between the two nations but also creates an opportunity for investors to buy and as a result help the economy more. Investors are probably the biggest prototypical customers with this opportunity. With current stocks the opportunity should not be hard to exploit.
- I am not an avid investor but I do read the news a lot especially about stocks. This is definitely an opportunity I can see happening not based from my own experience but due to the credibility of the people claiming the opportunity.
- https://www.cnbc.com/2019/01/16/fda-wants-pharma-to-bring-opioid-antidote-naloxone-over-the-counter.html
- This article I found from CNBC talks about the opportunity of the FDA bringing easier access for important drugs that can be life saving. The FDA automatically make this opportunity exploitable as they are the ruling body on the matter and helps all the prototypical customers who would need such a drug but cannot afford to go to the doctor and get a prescription.
- When the FDA is involved, it definitely leads me to believe this opportunity can happen. I have never really had a problem with access to medicine but I know now that I will have less of a problem due to the FDA.
- https://www.nytimes.com/2019/01/23/upshot/rate-of-americans-without-health-insurance-rising.html?rref=collection%2Ftimestopic%2FHealth%20Care%20Reform&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
- This article I found from the NY Times talks about the opportunity for better healthcare since Trump has pulled a lot of funding for the Affordable Care Act. With America always attracting immigrants there is definitely a need for better healthcare that is affordable and these would probably be the prototypical customers. Unfortunately, without government backing it may be hard to exploit however.
- I have some friends who were on Obama Care back in the day and it actually helped them out a lot. Now that they have lost eligibility, I can see that there is an opportunity that can help them out again.
Friday, January 25, 2019
6A - Identifying Opportunities in Economic & Regulatory Trends
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Hi! I found the article discussing the current rise of uninsured Americans interesting. I also know a few people who are no longer eligible for Obamacare and currently have no health insurance. This is an important opportunity that the government needs to start to make decisions on. It will be interesting to see what the Trump Administration is able to come up to replace the Affordable Care Act.
ReplyDeleteHey Arman
ReplyDeleteI would have to agree with your first trend about renting; I think a lot of companies are making great profit from customers who would prefer to borrow things instead of owning them. I think another aspect of this model that is successful is the ability for users to offer products/services. Take for example Airbnb. The company is quite successful, but to my understanding the company doesn’t own any of the properties. Instead, they just connect users with people who want to rent out housing.
Hi Arman, I totally agree that the consumer shift away from the owning business model toward the renting model is extremely accurate. Access is probably the biggest factor in why this is so appealing to the modern consumer. I am also more fond of the renting model as it allows me to test out the product before committing to it all the way. The profits made from capitalizing on this shift in consumer preferences are impressively high as it has become a factor in whether consumers purchase/rent a product or service or turn to another company offering the same service but with a differing approach that has more access. Good post!
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