Reference no: EM133274530

ACTIVITY IN ENTREP OPPORTUNITY SEEKING IN THE DIGITAL ERA (COPY AND ANSWER)

Answer the following questions as best as you can. Write down your answers after the questions.

1. Social media has been very active in terms of spreading the word about practically anything and everything. As a budding entrepreneur, how can you take advantage of this trend to churn out potential opportunities? List down potential business opportunities that you can see.

2. A contractor of a fast-food giant failed to deliver the expected output of an inventory systems upgrade. This resulted in more than 70 branches closing due to inventory problems. It compromised the sales for the month. What do you think were the potential opportunities opened up to other players in the fast-food industry?

3. In order to prevent the viruses (e.g. COVID and Monkey Fox) from entering the Philippines, airports and other entry points all over the country have been provided with digital thermo scanners to detect feverish person coming in from the countries affected by the viruses. However, there is no guarantee that the country would be virus-free for a long time despite the state-of-the-art equipment that the authorities have been using. What do you think are the opportunities presented by this threatening situation?