9. Testing the Hypothesis, Part 2
My last "Testing the Opportunity Hypothesis exercise helped me explore the limits of the who, what and why of regulatory changes that enabled college athletes to be able to rightfully earn income through their naming and performance rights while being able to maintain their status as an amateur athlete, a value that is prioritized by the NCAA.
I interviewed five other people who didn't know much about the regulatory changes of the NCAA, and had to be informed of such changes. The interview helped me improve my insight on the following topics.
Who: Certain people and certain businesses can fall outside the boundary, despite sharing a lot in common with others in my opportunity. These people are those who may be receiving scholarship from universities (private) that are so large in amount that they do not want to risk in getting their scholarship revoked.
What: The need to rightfully earn income while maintaining amateurism differs from the need to replace the rights to earn income while losing scholarship opportunities.
Why: The underlying cause of the outsiders' need is different than people who are inside the boundary.
Inside the Boundary
Who is in
Those who need another source of income while playing college sports.
What the Need is
An additional source of income that doesn't hurt the amateurism status of college athletes.
Why the Need exists
Various reasons such as family's finance, business planning, future planning, etc.
Outside the Boundary
Who is not
Those who do not necessarily need the alternative source of income
What the need is not
They do not need to risk their scholarship for this need
The interviews with five other people helped me further practice my assessment of opportunities around me. It definitely widened and improved my entrepreneurial competency, and helped me determine the outer limits on my opportunity as well.
I interviewed five other people who didn't know much about the regulatory changes of the NCAA, and had to be informed of such changes. The interview helped me improve my insight on the following topics.
Who: Certain people and certain businesses can fall outside the boundary, despite sharing a lot in common with others in my opportunity. These people are those who may be receiving scholarship from universities (private) that are so large in amount that they do not want to risk in getting their scholarship revoked.
What: The need to rightfully earn income while maintaining amateurism differs from the need to replace the rights to earn income while losing scholarship opportunities.
Why: The underlying cause of the outsiders' need is different than people who are inside the boundary.
Inside the Boundary
Who is in
Those who need another source of income while playing college sports.
What the Need is
An additional source of income that doesn't hurt the amateurism status of college athletes.
Why the Need exists
Various reasons such as family's finance, business planning, future planning, etc.
Outside the Boundary
Who is not
Those who do not necessarily need the alternative source of income
What the need is not
They do not need to risk their scholarship for this need
The interviews with five other people helped me further practice my assessment of opportunities around me. It definitely widened and improved my entrepreneurial competency, and helped me determine the outer limits on my opportunity as well.
Minseok,
ReplyDeleteI think you did a great job on identified the opportunity. Also, I think it is unfair for college students who are playing professional sports and not getting paid. Moreover, I think you did a great job on identified the people who are outside of the boundary and people who are inside the boundary. Overall, I think it is an in-depth hypothesis test.
Hi Minseok,
ReplyDeleteThis is a very good opportunity that you have chosen to approach. Many college athletes rack up an insane amount of revenue for the college or the university that they are playing for. For example, student basketball players during March Madness make colleges millions of dollars, while they do not get paid. This is unfair, especially if they are struggling to afford their personal life.
Minseok,
ReplyDeleteI think you have a solid post here. The NCAA has been under fire recently about this topic to pay college athletes, and I agree it is something that should happen. However, in your post you talk about how they should be paid without losing their scholarship or because they need another source of income. What the issue really is, is that the athletes are the ones sacrificing their health to play games like football that bring the university millions every year.