economic opportunity

Economic Opportunity

Economic Opportunity Jonathan Poland

Economic opportunity refers to the support that a society provides to individuals that enables them to thrive in the economy. This support can take many forms, such as access to education and training, adequate healthcare and social services, and a fair and just legal system. Economic opportunity is distinct from an individual’s talent, motivation, and self-discipline, as some people with many opportunities may still fail to thrive, while others with limited opportunities may overcome adversity and succeed. Ultimately, a society that provides economic opportunity to all its members is more likely to be prosperous and fair, as it enables individuals to contribute to the economy and reach their full potential.

Here are a few examples of how economic opportunity:

  • Providing access to quality education and training programs that equip individuals with the skills and knowledge they need to succeed in the economy.
  • Offering support and resources to entrepreneurs and small businesses, such as access to capital, mentorship, and networking opportunities, to help them grow and thrive.
  • Implementing policies that promote equality and inclusiveness in the labor market, such as equal pay for equal work, anti-discrimination laws, and parental leave policies.
  • Investing in infrastructure, such as transportation networks, communications systems, and energy grids, to support economic growth and development.
  • Providing social services, such as healthcare, housing assistance, and food assistance, to help individuals and families meet their basic needs and participate in the economy.

The following is a list economic opportunities.

Access to Financing Access to Markets
Access to Technology Apprenticeships
Citizenship & Resident Status Cultural Capital
Economic Freedoms Economic Growth
Economic Stability Education
Employment Fair Competition
Family Stability Financial Literacy
Free Time Freedom from Discrimination
Health & Wellness Healthcare
Housing Income
Infrastructure Institutional Support
Learning Experiences Licenses, Permits & Certifications
Low Corruption & Cronyism Low Red Tape
Low Tax Burden Nutrition
Political Stability Quality of Life
Relational Capital Role Models
Social Infrastructure Social Status
Training Programs Wealth
Work Experience Workers Rights
Working Conditions Workplace Safety
Media Vehicles Jonathan Poland

Media Vehicles

A media vehicle refers to a specific media outlet or platform that is used to deliver advertising messages to a…

Business Analysis Jonathan Poland

Business Analysis

Business analysis is the practice of researching and developing strategies, plans, solutions, and studies to support the goals and objectives…

Turnaround Strategies Jonathan Poland

Turnaround Strategies

A turnaround strategy is a plan to rescue an organization, department, or team that is experiencing failure or underperforming. This…

Sales Activities Jonathan Poland

Sales Activities

A sales activity is any action or task that a salesperson undertakes in order to achieve revenue. This can include…

Everyday Low Price Jonathan Poland

Everyday Low Price

Everyday low price, commonly abbreviated as EDLP, is a pricing strategy in which a retailer offers its products at a…

Recruiting Jonathan Poland

Recruiting

Recruiting refers to the process of attracting, screening, and selecting qualified candidates for employment. This process is essential for any…

Product Experience Jonathan Poland

Product Experience

Product experience refers to the overall value that a product or service provides to customers based on their perceptions as…

Intuitive Surgical Jonathan Poland

Intuitive Surgical

Intuitive Surgical is a medical technology company that designs, manufactures, and markets advanced surgical robotic systems. The company was founded…

Schedule Risk Jonathan Poland

Schedule Risk

Schedule risk refers to the risk that a strategy, project, or task will take longer than expected to complete. A…

Learn More

Narrative 101 Jonathan Poland

Narrative 101

Sales and marketing are the lifeblood of business and should be integrated into one function to drive business and brand narrative.

Internal Controls Jonathan Poland

Internal Controls

Internal controls refer to the structures, processes, practices, reports, measurements, and systems that are implemented within an organization to support…

Operations Security Jonathan Poland

Operations Security

Operations security, also known as “opsec,” is the practice of protecting sensitive information in the context of day-to-day business activities.…

Cost Leadership Strategy Jonathan Poland

Cost Leadership Strategy

A cost leadership strategy is a business plan that aims to reduce unit costs for a product or service to…

What is Integrity? Jonathan Poland

What is Integrity?

Integrity is a concept that refers to the adherence to moral and ethical principles, as well as the consistency between…

Professionalism Jonathan Poland

Professionalism

Professionalism is the practice of following the standards and expectations of one’s profession, organization, and role. It involves upholding the…

Cross Merchandising Jonathan Poland

Cross Merchandising

Cross merchandising is a retail strategy that involves placing related or complementary products in close proximity to each other in…

What is a Trade Show? Jonathan Poland

What is a Trade Show?

A trade show is an industry-specific event where businesses in a particular sector showcase their products, services, and innovations to…

Strategic Risk Jonathan Poland

Strategic Risk

Strategy risk refers to the potential for losses resulting from the implementation of a particular strategy. All strategies carry some…