Assignment 6A – Identifying Opportunities in Economic and
Regulatory Trends
1.
ECONOMIC TRENDS
a) Textile sector ‘rife’ with exploitation and
underpayment
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I believe it exists an opportunity here because
there are investigations that prove this information is real. Many UK’s textile
industries pay less than the minimum wage to their employees in order to keep a
“reasonable price” of the product for their customers. In the article, the
author expresses that there is underpayment in one in every four inspections.
This must come to an end, but that kind of industries always find a different
to go back to their market, by either changing the name of the company or
founding different ways to evade detection of their illegal practices
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The prototypical customer would be the persons
who work with underpayment and with excessive hours of work, mostly in the
textile industry as the article explains. It is hard to exploit this
opportunity as the companies know how to come back and do what they did again,
but it is possible to stop with this problem, the UK government should pay more
attention to this issue
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I think I saw this opportunity because I can see
the difference within a fair practice and an unfair practice. I come from a
country where many laws are not respected and industries do not respect the
rights of workers, and that's what I see happening in UK with the textile workers,
since those companies just worry about their profit and selling more
b) Changing nature of ownership: “generation
rent”
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Source: https://www.marketingweek.com/2018/12/19/changing-nature-ownership-brands-generation-rent/
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I believe it exists an opportunity here as the
article explains, there are statistics to prove it and show how much home
ownership (by young people) continues to drop and how there is an increase on
renting everything you can; and companies are adapting to this trend. The
article says that on average college students in the US moves around 12 times
(during their college town), even I have moved more than 4 times since I moved
to Gainesville.
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The prototypical customer would be the young
people, who have not settled in a place, haven’t formed their family, or do not
have their desired job yet.
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I think is an opportunity that is there, so it
is easy to exploit in young people
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I saw this opportunity because as I said before
I have moved many times since I am in college, and I think it will be like that
until I am in a place where I am happy at to stay for a long time
2.
REGULATORY CHANGES
a) Gainesville looking to change immigration
policy to prevent crime victims from being deported
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I think this opportunity exists because as the
author say in the article many victims (in this case of abuse) are silent and
do not report for fear of being deported to their country. That is, they prefer
to suffer than to be returned to their country.
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The prototypical customer would be any immigrant
who has had to suffer from any type of abuse and they do not report it because
of the fear of being deported from the country (The U.S)
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I think it will be easy to exploit, the
government should make an exception for those women, men or children who have
suffered from abuse
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I think it's interesting because not many people
take into consideration this, we could never know how many people have had keep
silence for fear of being expelled from the United States. I think it is great
that Gainesville takes that initiative
b) Gainesville just voted to ban plastic bags
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I think the opportunity exists because it is
important to help reduce waste and by reading some articles about this, by 2040
Gainesville will be a “zero waste city”
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The prototypical customer would be every citizen
and business in Gainesville, so that each person in the city helps reduce waste
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I think this is easy to exploit, we just need to
change our habits; like using paper bags instead of plastic
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I found this important because plastic is one of
the most notable pollutants of the earth, and helping with small actions like
this one is a big step for us as a society