Your Venture’s Unfair Advantage
1.
Attention to detail
a.
Valuable: Helps me make sure that everything is
going to go smoothly
b.
Rare: No
c.
Inimitable: yes, with hard work
d.
Non-substitutable: No
2.
Time management
a.
Valuable: Ensures that everything is done in
timely manner
b.
Rare: no
c.
Inimitable: Yes
d.
Non-Substitutable: no
3.
Hard working
a.
Valuable: Will ensure job is done no matter what
it takes
b.
Rare: no
c.
Inimitable: yes
d.
Non-Substitutable: No
4.
Huge customer base
a.
Valuable: Will make sure that there always a
customer
b.
Rare: no
c.
Inimitable: yes, other industries
d.
Non-Substitutable: no
5.
Unique product
a.
Valuable: No competition
b.
Rare: no
c.
Inimitable: yes, with a good contract
d.
Non-Substitutable: yes, if created
6.
Sports management major
a.
Valuable: will help me with knowledge about the
field
b.
Rare: no
c.
Inimitable: yes, with schooling
d.
Non-Substitutable: no
7.
Willing to learn
a.
Valuable: will spend time to gain knowledge
b.
Rare: no
c.
Inimitable: yes, with drive to gain knowledge
d.
Non-Substitutable: no
8.
Ability to communicate
a.
Valuable: Will ensure that I can spread the word
and gain a bigger audience
b.
Rare: no
c.
Inimitable: yes
d.
Non-Substitutable: yes
9.
Open culture
a.
Valuable: ensure that staff is comfortable and
works well
b.
Rare: no
c.
Inimitable: yes, other companies are like this
d.
Non-Substitutable: yes, a closed culture
10. Fixed
cost of expenses
a.
Valuable: won’t have to worry about a fluctuating
cost
b.
Rare: no other companies have fixed cost
c.
Inimitable: yes
d.
Non-Substitutable: no
Top Resources is it being a unique product as it will be the
only one on the market. It provides the team that the customer wants and any
sport they want unlike any other service.
Hey Ishan,
ReplyDeleteI think that you have very good and important resources that will benefit your product. You picked a lot of resources based on human capital, which I found interesting. I based my resources more on financial capital and social capital rather than human capital because I thought the resources that come from them are more important for a startup.