Creating a list of 10 resources
including human capital, social capital, financial
capital, and capabilities may be a stretch, but, I'll give it
a try.
As far as human capital, I have many
experiences that would prove useful in my entrepreneurial endeavor.
I am able to identify the unmet needs
of my customers.
I am innovative and creative in order
to adapt to a dynamic situation.
My education has provided me with
resources that will enable me to provide my service to my customers
and make a profit doing it.
I am able to acquire more human capital
when the need exists.
As far as my social capital goes, I do
have social capital available to me.
I also posses the ability to acquire
new social capital (fill in the holes) to satisfy the demands of the
situation.
My finical capital may limited at this
time. However, I do believe that I have or can raise the the capital
resources needed to launch my endeavor.
I will be relaying a great deal on my
capabilities. I have the experience to be able to do many of the
tasks required by my endeavor myself.
I posses the knowledge to be able to
acquire to more human resources as the situation dictates in order to
accomplish the objectives to satisfy my customers.
As for the VRIN of my resources, My
past experiences are valuable and may not be resources that others
have.
Being able to identify the unmet needs
of my customers may not be unique.
My ability to be innovative and
creative in order to adapt to a dynamic situation may be a resource
that everyone does not posse.
Many other people may have the same
education as I do.
My ability to acquire more human
capital as needed may not be very unique. However, I have done it
before.
Many others will have social capital
available to them.
Having the ability and experience of
filling my social capital needs may not be unique.
Others may have access to more finical
capital than I do.
My capabilities of my experience to do
many of the tasks required by my endeavor may be unique.
And, my experience at acquiring more
human resources will be helpful but, may not be unique.
My best VRIN asset would be my
experience in many of the skills needed to accomplish my endeavor.
This resource is most important in that it will enable me to get a
solid start at my endeavor without doing a lot of research and
enduring a lot of trial and error situations.
Awesome job on this assignment. Your experience is absolutely a significant resource as you can steadily move past the common mistakes made sans experience.
ReplyDeleteGreat job on this assignment Gregory! You put a lot of thought into it and it gave great results. It is really great that you have the knowledge to acquire more human more human resources which is necessary to get a business off the ground. I like how you added education into your list of unfair advantages. I didn't say that, I said that since I am in school currently, I have more time to spend creating my business. I guess it is important to have education if you are trying to start a business because most people who start businesses do not have education. They might not have as much credibility to investors as entrepreneurs with education do. Check out my blog if you have the time.http://itsmyblogforentc3003.blogspot.com/2016/03/my-unfair-advantage.html
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