JESS'S ENT3003 BLOG

9A - Testing Hypothesis, Part 2 Who: Before the interview process, I thought it would be challenging to find individuals who should have the need but did not for some reason. Surprisingly, it was not at all. This time around, i decided to interview individuals who worked inside the healthcare & cosmetic field and dealt with product preparations. I feel that they are not as concern because they are well aware of how difficult and expensive it is to have extensive research done on a product. Though, there are individuals inside the industry who are very concern because they want their customers trust.  What: I feel that there is both an urgency on both sides, those inside and outside the industry. Those inside the industry understand the importance of developing the trust of the customers by providing adequate information about their product. Whereas, those outside like myself want to trust those inside the industry but they need to prove that the product is sufficient....

8A- Solving the Problem Emerging Regulatory Trends in Consumer Healthcare & Cosmetics Industry https://www.linkedin.com/pulse/emerging-regulatory-trends-consumer-healthcare-cosmetics-y-yogi-raj/ Solution: Apart from finding sufficient clinical research, creating tighter quality control, and offering customers the opportunity to provide product reviews, there is another solution that I feelwill be beneficial.  Though a company can do all these things to improve and earn the trust of their customers, if they do not make it known to them all their hard work is gone to waste. Therefore, a solution to make efforts known to the customers by the industry would be to create a common database of all the health care and cosmetic products that customers can easily access online. The database would have the vital information about the product including clinical research, manufacturing, and quality control.  In addition to that, there will be a section where customers can wri...

7A - Testing the Hypothesis, Part 1 Emerging Regulatory Trends in Consumer Healthcare & Cosmetics Industry https://www.linkedin.com/pulse/emerging-regulatory-trends-consumer-healthcare-cosmetics-y-yogi-raj/ 1) Opportunity : Lately, there have been events of product recalls by health authorities because of reported "adverse events, unevenly regulated strengths of claims and re-classification of active ingredients as unsafe". Companies are striving to counteract these events by supplying customers with appropriate clinical research and product reviews.  2) Hypothesis :  The Who: Healthcare & Cosmetic Industry The What : Product recalls are becoming recent in the healthcare industry due to product dysfunctions  The Why: the lack of proper managing operations, credibility, non-clinical and clinical summaries, and minimum tech 3)  Testing the who: The who could be any customer in the Healthcare & Cosmetic Industry; therefore, essentiall...

·          Economic Trend #1: Interest Rates Are Rising o    https://www.thebalance.com/top-usa-future-economic-trends-3305666 o    This article describes how the Federal Reserve wants to increase the Fed Funds rates to about 2 %. o    This opportunity exists to prevent recession. The increase in interest rates will lead to an increase in the cost of loans ranging from items such as appliances, furniture, automobiles, and mortgages. Individuals income may not compensate for this increase; thus, leading them to spend less. Individuals are moving from spending more money to saving. o    Prototypical Customer: Customers wanting to buy homes, new cars, furniture, and more.  Customers wanting to save their money. o    This is relatively hard to exploit because most individuals have the personal choice of spending their own money or saving it based on this economic trend. o   ...

Assignment 5A - Local Opportunities 1. Title of the Article: Equifax breach exposes 143 million people to identity theft Ø   Link of Article: http://www.gainesville.com/news/20170907/equifax-breach-exposes-143-million-people-to-identity-theft Ø   Description : Equifax, a credit monitoring company was recently hacked by an individual. The hacker exposed the social numbers and other information such as birth dates, home addresses, and licenses of over 143 million Americans. Equifax have taken measures to ensure that such thing does not happen again. Ø   Problem : There are multiple problems that were discussed in this article §   Clients are worried that their information being tempered by outsiders §   Equifax failed to inform their clients right away; thus, clients question their loyalty. §   Individuals are now wondering if social security numbers should be a form of identification because of theft. Ø   Who has the problem? § ...

Assignment 4A: Forming an Opportunity Belief Introduction : Belief : 24/7 Newell Hall does not have enough studying space.  I believe that there is an unmet need for enough studying space at Newell Hall at the University of Florida. Recently, Newell Hall was renovated to be a 24/7 studying space for students to collaborate. Though, most students would like to gravitate towards Newell due to its 24/7 feature, they are unable to because of the lack of studying space. Therefore, students are limited to study in the libraries, which usually have fluctuating hours. I believe that there is an opportunity for UF to open up current libraries to operate 24/7 so that there is more available space at Newell Hall. Interview 1: 1 st year UF student 1.      Have you studied at Newell Hall? Ø   “Yes “ 2.      Do you feel that there are enough studying spaces at Newell Hall? If not, how often do you experience this? ...