Wednesday, March 28, 2018
23A – Your Venture’s Unfair Advantage
1. Human Capital
Value - Very valuable.
Rarity -Not rare.
Imitability -Yes, can be learned.
Non-Substitutable - There is no substitute.
2. Social Capital
Value - Valuable.
Rarity - Common.
Imitability - Quite imitable, many people possess networking skills.
Non-Substitutable - There is no substitute.
3. Experiences
Value - Very valuable.
Rarity - Rare.
Imitability - Not imitable at all. The specific experiences I have gone through I have shaped me into who I am.
Non-Substitutable - There is no substitute.
4. I relate to my customers' experiences with their phones
Value - I feel this is valuable because I know what its like to have dropped a brand new iPhone and pay a great deal of money for repairs.
Rarity - It is not rare for people to drop or damage their phones.
Imitability - It is imitable for someone to produce phones with stronger materials
Non-Substitutable - There is no substitute.
5. Determination
Value - Extremely valuable.
Rarity - Somewhat rare.
Imitability - Anyone can be determined to achieve their goals.
Non-Substitutable - There is no substitute.
6. Family
Value - Extremely valuable.
Rarity - Rare
Imitability - Noone can imitate family, but support can be received elsewhere
Non-Substitutable - Family can't be substituted, but support can
7. Adaptability
Value - Very valuable
Rarity - Somewhat rare
Imitability - Anyone can be adaptable as long as the effort is put forth
Non-Substitutable - Adaptability can't be substituted
8. Organizational Culture
Value - Extremely valuable.
Rarity - Somewhat rare.
Imitability - It is imitable to have good organizational culture, however, not specifically in the way I plan to.
Non-Substitutable - There is no substitute.
9. Financial Capital
Value - Valuable
Rarity - Not too rare
Imitability - Anyone can have financial capital
Non-Substitutable - There is no substitute
10. Versatility
Value - Extremely valuable
Rarity - Not rare.
Imitability - Quite imitable
Non-Substitutable - No substitution.
My top resource is my determination. It has driven me to make it to this point, and it will drive me to make it even farther. As long as I keep my eye on the prize, I know I will achieve it.
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Hi Brachari! Thank you for the sweet comment on my blog for this assignment. :-) I can sense and feel your energy from your work in this class and I believe you are right when you identify your strongest asset as, "determination." You seem extremely willing to overcome obstacles, you have a grit in your character that only comes from experiencing setbacks and persevering. I admire this quality as it defines how you deal with failure. You deal with it quite well because you don't let it keep you down. You get back up and punch harder. You keep going. And you muster up inner strength. This IS hard! Not everyone has that, Brachari! Keep it up! You're going places! Happy Easter!
ReplyDeleteHey Brachari,
ReplyDeleteThis was an awesome support you made so many valid points on what is rare and what is so valuable! Your point on culture is such a good VRIN and a great point I completely didn't think of that! You have done so well over the semester and couldnt agree with you more with all of your points in this post! Really well done Branchari!