- Business knowledge - human capital
- Programming knowledge - human capital
- A macbook - physical capital
- In-depth Accounting knowledge - human capital
- Connection to business professionals - social capital
- Connection to entrepreneurial professionals - social capital
- Connection to IT/Programming professionals - social capital
- Leadership experience / capabilities - human capital
- A registered company in Florida - organizational capital
- Determination - human capital
1. Business knowledge
Valuable - Extremely
Rare- Not really
inimitable - easy
Non-substitute - Hiring someone or having connections to the same knowledge
2. Programming knowledge
Valuable - Extremely
Rare- Not really
inimitable - easy
Non-substitute - Hiring someone or having connections to the same knowledge
3. A macbook
Valuable - Extremely
Rare- No
inimitable - easy
Non-substitute - For some software, other laptops. For some software, none.
4. In-depth accounting knowledge
Valuable - Very
Rare- somewhat
inimitable - easy
Non-substitute - Hiring someone or having connections to the same knowledge
5. Connection to business professional
Valuable - pretty valuable
Rare- No
inimitable - easy
Non-substitute - Hiring someone who has the same experience, having the same experience
6. Connection to entrepreneurial professional
Valuable - pretty valuable
Rare- No
inimitable - easy
Non-substitute - Hiring someone who has the same experience, having the same experience
7. Connection to IT/programming professional
Valuable - pretty valuable
Rare- No
inimitable - easy
Non-substitute - Hiring someone who has the same experience, having the same experience
8. Leadership experience
Valuable - Very
Rare- somewhat
inimitable - easy
Non-substitute - Hiring someone who has the same experience
9. A registered company in Florida
Valuable - Very
Rare- No
inimitable - easy
Non-substitute - Having a registered company in a different state
10. Determination
Valuable - Valuable
Rare- No
inimitable - somewhat
Non-substitute - Hiring someone who is determined, establishing determination as a company culture.
The top resource to my company is probably my leadership experience. I have experience leading a startup and that's not something a lot of people have. If I chose to seriously pursue this venture, my leadership experience would come in handy. Another top resource is my accounting knowledge. I am an accounting major, and my in-depth understanding of company processes and financials would significantly help my potential venture.
Hello Parker, good job on your analysis. I think leadership experience is a great resource to have. I consider that experience to be inimitable. While many people may have leadership experience, I don’t believe that they can copy your experiences and the knowledge that you attained. Some aspects will only bear significance because of how you utilize that experience. Great overall work. You can see my post here…http://acwilliams83.blogspot.com/2016/03/my-unfair-advantage.html
ReplyDeleteParker,
ReplyDeleteI think that you did a better job than I did at the VRIN Analysis because you kind of used a scale to dictate if something was valuable or not. This makes it easier to denote which resource is the most valuable. I just used sentences explaining if they were or weren't so valuable. And for the most part, it seems like all of your resources are of some significant value, so I'm guessing you're on the right track! Maybe for next time, include a mini-description up top of what your idea is to make it easier for us to understand how the resources will be combined to create that one idea.
Here is the link to my post if you want to check it out:
http://nataliem775.blogspot.com/2016/03/my-unfair-advantage.html