From today I will be posting interesting articles on how we can identify business opportunities using scenario based thinking method. Under this practice we will be considering any one product and do online investigation on it about its effect on consumer lifestyle thinking and market trends. Best way to explain scenario based thinking method is to consider one product & investigate it: Today's product is
4"-5" cheap Smartphones,:
Prominent Specification : 1 Ghz dual core processor, 512 MB - 1GB RAM, 4-5" Big Screen.
After visiting various forums on these smartphones I found that these gadgets are primarily used by college students for
Games :
Clicking photos & video conferencing but Majority Gaming. So lets make scenario with booming sale ( which is already happening) of such low cost big screen gadgets Gaming on phones will boost. Now we have scenario where major young population are playing Games on smartphones regularly for 2-4 hrs approx. Now we hold the link of games and understand whats the effect of playing graphic games on Human mind. Well my online search on effect of graphic games on human mind reveals that there are pros and cons of it. But lets consider positive side of it. so here are Impact of Gaming on Human Thinking ;
- Problem solving and logic skill development.
- Better Planning, resource management and logistics.
- Quick thinking, making fast analysis and decisions.
- Strategy and anticipation
- Multitasking.
So, slowly we will be seeing young population with above skill developments. Possessing above qualities and technology boom, we may see ;
1. lot of innovative solutions / product may be hitting market soon as these population soon be working in techno product companies will come up with better problem solving solution.
2. With strategic & multitasking skills they may involve them selves in Entrepreneurship soon we will have many starts ups coming ups with new ideas.
3. With increase in start ups, Private equity lending business may accelerate soon.
4. Entrepreneurship sites, help centers, related business may accelerate.
5. Employments opportunities for experienced people may rise as young people starting business may need experience people to scale up there Ideas.
So, what opportunities we have explored ? Game development, developing web content, materials on Entrepreneurship may attract online traffic to your site. Consulting Entrepreneurship on how to scale up bizz & market Ideas to product will also boost. Gaming forums, sites, mobile Gaming content industry will grow rapidly.
Well I could investigate and link above information to explore opportunities due to rise of one product. Can you post few more links here..help to explore more opportunities....till then I will be back with investigation of another product.
