Saturday, March 19, 2016

My Unfair Advantage (Week 11)

10 Resources that I posses

1. Skilled at drawing/painting/sketching2. Super sociable and personable 
3. Comical4. Frugal5. Attentive6. Organized7. Caring8. Helpful9. Generous 10. Diligent 

Conduct a "VRIN" analysis for each resource. That is, describe, for each resource, how it is valuable, rare, inimitable (how hard it is to copy by others), and non-substitutable (are there other resources that can provide the same benefits?). 

No.        Valuable     Rare      Inimitable     Non-substitutable 
1               yes           yes         yes                   no
2               yes           no           no                    yes
3               yes           yes         yes                   no
4               yes           no           no                    no
5               yes           no           no                    yes
6               yes           yes          no                    no 
7               yes           yes          yes                  yes
8               yes           yes          no                    no
9               no            yes           yes                  no
10             yes           yes          yes                   no

My top resource is related to human capital, and that would have to be "caring". Many people consider me to be a caring individual, very mother-like. This would help my venture because I'll always have good intentions, and won't act manipulative, or unkind towards anyone or other ventures. 

4 comments:

  1. You did an awesome job on this assignment! I like how you included a table, it really helped visualize and actually add a numerical reference to your advantages. I think your top resource being caring is a really good skill. The world needs more plain old good people - check out my own blog post about my unfair advantage at http://kingkion.blogspot.com/2016/03/my-unfair-advantage.html

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  2. This is a great VRIN analysis of your resources and I believe that you did a great job looking at each individual characteristic. Caring is one of the most important things you can have in a company because it provides the best experience for the customer, which in turn leads to the greatest growth in revenue. Also, you will be looking out for your customers instead of looking to scam them. Check out my blog at: http://usingmediaforgodsglory.blogspot.com/

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  3. I really enjoyed the fact that all of your analysis was very organized and easy to understand! I also thought it was interesting that you used most of your resources to describe skills that you personally possess. I know that I came at this with a very different approach, but it is definitely could to see another person's point of view on this topic. The fact that you stated you will not be manipulative or unkind towards anyone shows that you will be a great business partner or service provider for somebody someday and that this aspect will keep your customers coming back for more! Great job and check out my post here:http://brycesharrold2.blogspot.com/2016/03/my-unfair-advantage.html

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  4. Hey Nhama, this was a really easy post to read. Thanks for making it so clear and quick to consume. I would like to know your perception on some of the items listed, since they can have many facets (like "generous"). I didn't finish this assignment, so I don't have a link to share. Best of luck on your venture!

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