Wednesday, March 23, 2016

My Unfair Advantage

1. Social Capital
V- It will allow me access to specific networks that can help achieve my goal
R- It is fairly rare but not something that only I will have
I- It shouldn't be too hard to replicate but I believe timing can come into play
N- There are other resources that can help in the same way but not as well

2. Financial Capital
V- Valuable because it will allow me to finance my venture
R- My specific financial capital is a very rare thing that few have the opportunity of
I- hard to replicate the type of financial capital I have access to
N- There are other sources to receive capital but never in the same way

3.Human Capital
V-It is valuable because it is the accumulation of my skills and experiences.
R- It is rare because my experiences that built it are uniquely mine
I- It is completely able to be replicated but extremely unlikely
N- There is no other resources to create the human capital I have

4.Connections
V- Connections made with others can assist and support you along the way in your venture
R- Mine is very rare and stems from family, industry friends, and organizations that further the development and standing of each other
I- It can be replicated but some of the connections I have are very exclusive
N- There are other resources to build similar connections but none better than I have

5.Education
V- It's valuable in developing a wide range of knowledge and practices
R- It is not as rare as other things because many attend college
I- Can easily be replicated at many universities in the country
N- There are plenty of resources to build the same knowledge, like on the job experience

6.Leadership
V- Having the ability to lead is important in delegating, motivating and spending your time wisely
R- My leadership ability is rare and come directly from experience outside civilian life
I- It can be replicated by being put in similar positions and many have adapted the experience successfully
N- The is an unlimited amount of sources to develop leadership skills

7.Knowledge of the Industry
V- It is valuable to know as much as you can about the industry you plan to conduct business in
R- It is not rare in this case because many people are involved with the golf industry
I - Can easily be replicated by anyone who takes an interests an inserts themselves into it
N- There are several ways to learn about the golf industry or distributing goods

8.Organizational Culture(allowing employees to self-govern)
V- It can allow employees to make decisions and make the logistics move faster
R- It is still a rare culture but more and more companies are placing trust with it's employees
I- Can easily be replicated by anyone with an open mind
N- There are several ways to structure a company where employees have a say

9.Logistics
V-Valuable because it is essential knowledge in order for a distributing business to operate properly
R-Not rare but necessary
I-It is pretty hard to replicate logistics because of how many factors there are involved
N-This is something that has many resources in many different aspects, each with it's own advantage

10.Competition
V-Knowing that there is some competition out there gives me something to analyze and see where they can improve
R-It's a fairly common opportunity that many take advantage of when entering a market
I- It's easily replicated by anyone who looks at the competitions practice
N-There are a few resources from financial aspects to social ones to look at

After doing a VRIN for every one of the 10 resources that I find valuable, I would say that my top resource would be my human capital. It is the most unique and least likely to be copied or imitated by anyone or any business. My experiences make me the top resource for any future business venture I may take on. I definitely trust myself to do what I need to do to get the job done.

3 comments:

  1. Great job with the VRIN analyses. I can see how your most valuable resource is your human capital. If it's the least likely resource to be imitated, it definitely stands out as a top resource.

    (TA)

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  2. Hey Chris
    Good VRIN could have been more detailed but it gives a good idea of your resources. I had issues with the Imitation portion myself having it mix with non-substitutable portion of the analysis. Social and financial capitals are very important to any venture and are usually the top two of resouces. Just give an idea of what unique resource is at your disposial. http://mrdreaces.blogspot.com/2016/03/my-unfair-advantage.html

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  3. Hi Christopher,

    After reading your post, it seems like you have some great recourses under your sleeve and I hope by the end of this semester you have a solid idea on what you want to do and how you want to carry it out successfully. Also your top skill is probably the most important skill one must have because you're able to stand out against other competitors. if you want to check out my blog, click the link below
    http://jalekatircioglu.blogspot.com/2016/03/my-unfair-advantage.html

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