Abstract:
TSA promulgated a regulatory process to ensure safety and security at the nation’s airports. That process also creates opportunities for entrepreneurs. This case describes the TSA process and engages the students to identify and vet opportunities to create private value. The SCAMPER methodology is explained and used to identify market opportunities. They are vetted using the 6 Hats framework. The case can also be used to help regulators understand the unintended consequences that may emerge from regulations.
Learning Objective:
The teaching goal is to understand how regulation can create opportunities for the private sector.
For regulators, the objective is to recognize how well intentioned regulations can generate opportunities for private sector monetization and how unintended consequences can be mitigated.
For entrepreneurs, the case illustrates how to identify and vet opportunities to create incremental value in a regulatory environment.
