- Economic trend: Consumer Trends in Health and Wellness
- https://www.forbes.com/sites/thehartmangroup/2015/11/19/consumer-trends-in-health-and-wellness/#6c4043c4313e
- With an increasing amount of consumers choosing to rethink about industrialized processed foods as unhealthy sets a growing demand for small craft-oriented food and beverage companies.
- The most prominent consumer segment will be the young progressive customers that are skewing towards a more health-conscious lifestyle.
- Exploitation of the pro-health opportunity will be easy for the food and beverage companies because they already place primary emphasis on how their food products will consist of nutritive value for their customers. Large industrial companies that originated with having low-tier quality foods will have to restructure notions on marketing more wholesome products.
- For the majority of my teen and adolescent years I worked at my family's butcher shop. Becoming more aware of the health-conscious trend provides a window for opportunity for small private retailers, like us, to thrive. Tapping into generations Y and Z with their progressive ideals can entail great future benefits for scale.
- Economic Trend: The Speed of Transactions has increased Economic Volatility
- https://www.thebalance.com/top-usa-future-economic-trends-3305666
- With aggregate spending accelerating, monitoring financial and managerial accounting for businesses introduces a new breed of accounting specialists. Accountants would have to evolve and create firms that hire adequate employees that can capitalize on the current speed of purchasing goods and services.
- The ideal customers to these markets would be large organizational firms that take part in e-commerce. These e-commerce firms would have to research and target CPAs according to their methods in facilitating the speedy purchasing trend.
- The start-up in evolving an accounting firm to meet these demands will be difficult because all drastic changes whether they are external or internal challenge the very notions that were in place before.
- In taking financial and managerial accounting, and also working as the lead bookkeeper at my family's butcher shop, I developed insight about the importance of keeping track of purchases and supply merchandise. With e-commerce, accountants have to create schemes where they provide the utmost secure fashion to organize company value arithmetically.
- Regulatory changes: Community Reinvestment Act Regulations
- http://www.regulations.gov/document?D=FDIC-2017-0126-0001
- The opportunities entailing the sustainability rule toward secure FDIC safety allows banks to increase their accessibility to lend out loans to more account members. Financial liability becomes greatly insured that the banks can exercise more flexibility in the loan market.
- The individuals and organizations that would benefit from this regulation would be people starting up a entrepreneurial business and large venture capitalists.
- This regulatory move by the government will make lending simpler by reducing the risks that naturally come with bank loans. Depositing cash at banks will become more trust oriented leaving a peace of mind.
- I empathize with the individuals that seek the venture onto grand opportunities with low risks because I started my own apparel company three years ago. As I commenced the company, emphasis on asset security became a highlighted behavior I expressed as the chief operator.
- Regulatory changes: Simplifying Deposit Requirements for Certain Literary Works and Musical Compositions.
- http://www.regulations.gov/document?D=COLC-2017-0008-0001
- Creative performers and artists are now able to appropriately establish artistic properties with a more refined ownership to their work. This opportunity opens doors to new up-and-coming young artists that have been exploiting themselves on Soundcloud or on Youtube to sell their art without facing internet pirating.
- A fruitful collective use of this regulatory change will be from the top music production companies that currently, more than ever, introduce low cost songs across the market.
- Simplification of stating legal ownership to an intellectual property will make it the selling process so much faster so that the artists can exploit themselves more efficiently.
- I have been raised with artists as friends and I see the amount of emotion placed on these songs that are fabricated through hardship. Feeling secure about their original work can eliminate stress and instill comfort in producing art.
Friday, September 22, 2017
6A - Identifying Opportunities in Economic & Regulatory Trends
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Hey Ricardo!
ReplyDeleteThanks for labeling which were your economic trends and which one were the regulatory changes! It made it easy to understand and read. This assignment was hard for me because I didn't really know what to write but I think you did a great job picking out topics. When I read your first one about health, I thought that actually might have been a regulatory trend but after reading the details, I think it could be an economic trend because you spoke about foods and people's diets. I was a little confused about some of the opportunities you came up with especially in the last regulatory change. I think I know what opportunities you came up with but maybe next time you can give the opportunities their own bullet points. Some of them you did but the last one was harder to tell. Great post!
I saw an article similar to the one you wrote about dealing with the processed food problem. As a person who hates processed food and tried to eat as healthy as possible I hope the younger generation continues to push against the processed food industry that continues to grow stronger and stronger. Unfortunately, I realize like many others that their is a long way to go due to cheap production and limited natural resources.
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