1. Human
Capital - Taking this Entrepreneurship class
VRIN
Analysis:
• Valuable: The class will prepare me to
start a business
• Rare: Although there are other
Entrepreneurship courses, this one is very unique
• Inimitable: You can take some type of entrepreneurship
class.
• Non-substitutable: I think that this course prepares you and
gives you non-substitutable skills.
2. Human
Capital - I'm a web design major.
VRIN
Analysis:
• Valuable: My major will prepare me
since I know the logistics.
• Rare: Many web design majors exist but
it is valuable for my business.
• Inimitable: Become a web design major.
• Non-substitutable: Knowing the logistics is non-substitutable.
3. Financial
Capital - Successful and supportive parents
VRIN
Analysis:
• Valuable: My parents will help fund my
business at the beginning.
• Rare: Many parents are not willing to
fund them.
• Inimitable: You can’t change the way
your parents are.
• Non-substitutable: You can’t get better than supportive
parents.
4. Social
Capital – I am proactive.
VRIN
Analysis:
• Valuable: This skill will get me ahead
of my competitors.
• Rare: Many do not have this skill.
• Inimitable: People can learn this skill
and not sit back and wait for things to happen.
• Non-substitutable: There is no substitute.
5. Human
Capital – Great writing skills
VRIN
Analysis:
• Valuable: This will help me persuade
customers.
• Rare: Most companies have to outsource
this.
• Inimitable: Take classes and learn the
skill.
• Non-substitutable: Writing skills are key.
6. Human
Capital – Leadership qualities
VRIN
Analysis:
• Valuable: Will help manage my business
as well as employees.
• Rare: It is rare to be a natural
leader.
• Inimitable: Can take courses to advance
your skills.
• Non-substitutable: Great leadership qualities can’t be
substituted.
7. Social
Capital – Network of Industry Professionals.
VRIN
Analysis:
• Valuable: Industry Professionals can
help start my business.
• Rare: Many do not have the resources to
network with industry professionals.
• Inimitable: You can’t imitate a network
but you can learn networking skills.
• Non-substitutable: Your network is irreplaceable.
8.
Human Capital – I am an advertising major.
VRIN
Analysis:
• Valuable: This is will help me
advertise my product.
• Rare: Most people have to outsource
• Inimitable: You can become an
advertising major and learn the skill.
• Non-substitutable: I don't think this is something that
is substitutable by other things because it's just something that's an innate
quality
9. Human
Capital – friendly
VRIN
Analysis:
• Valuable: This skill will help me
interact with customers.
• Rare: I think many have this skill.
• Inimitable: Go out of your comfort
zone.
• Non-substitutable: I think you need this skill to please your
customers.
10. Human
Capital – Relatable
VRIN
Analysis:
• Valuable: I think it is really
important to relate to the customers and the problem.
• Rare: It is a very rare trait since
most business owners are not this young.
• Inimitable: You can not imitate this.
• Non-substitutable: I believe this quality is non substitutable
since it is so beneficial.
Top
Resource: I think my
top resource is my industry professional network because this network will help
me immensely with my business and me there for me as mentors.
Gabie,
ReplyDeleteYou gave a very thorough analysis and it seems these advantages will really help make your business venture successful! I like how you used the fact that you are in this class. The things we are learning and assignments we are doing are extremely valuable! Overall, great job on this assignment.
Check my post out here: http://amyarnoldent3003.blogspot.com/2016/03/my-unfair-advantage.html
Gabie, it is great to see that your parents will support you in your business venture as mine would do the same. You seem to have a solid friend group that will support your goals as well. A clear advantage you have is that you are currently studying the business you would like to go in to, which will undoubtedly give you an advantage in this field. Knowledge is power, and I can see that you are very knowledgeable on this specific subject. Combining this intelligence with your work ethic will create the path for your success. Check out what gives me an "Unfair Advantage" here: http://scottysscene.blogspot.com/2016/03/my-unfair-advantage.html
ReplyDeleteHi Gabie,
ReplyDeleteI really like the setup of your layout. I think its a perfect example of how this assignment is supposed to look like and is organized very easy.
Your qualities are very well thought out and its good that your parents will be able to help you through in the beginning. I feel like its a important part to starting out a new venture. Its always good to have some sort of financial backing.
You can check out my blog at http://flatpeak.blogspot.com/2016/03/my-unfair-advantage.html
Great job on the assignment!
Brian D. Kim