Tuesday, March 22, 2016

My Unfair Advantage

1. Bilingual. I can speak English and Spanish fluently, and I am proficient in Portuguese. Being bilingual is an invaluable asset.
 Valuable: yes
 Rare: yes
 Inimitable: no
 Non-substitutable: yes

2. Social Personality. I can easily relate to people, and get along with them. I can be very persuasive by noticing people's likes and wants.
 Valuable: yes
 Rare: no
 Inimitable: no
 Non-substitutable: yes

3. Persistent. I am very persistent, and I do not give up easily because of any obstacles I may face. Most of the people I know have not been as persistent as I usually am.
 Valuable: yes
 Rare: yes
 Inimitable: no
 Non-substitutable: yes

4. Network of friends. I have a great network of close friends that could help me work and improve on my venture. These friends could help bring in capital, skills that others may not have, and different ideas to make the venture the best it can be.
 Valuable: yes
 Rare: yes
 Inimitable: yes
 Non-substitutable: yes

5. Organizational Skills/Time Management. I manage my time very well, and I know how to get things done as efficiently as possible. For example, I may have two different assignments in different classes but they might use the same resources, so I would do both assignments at the same time to save time later on.
 Valuable: yes
 Rare: yes
 Inimitable: yes
 Non-substitutable: yes

6. Punctual. I do not see this as an extremely great advantage just because I feel like most people are punctual. It is still a very important trait to have.
 Valuable: yes
 Rare: no
 Inimitable: no
 Non-substitutable: no

7. Education/Major. I am majoring in food and resource economics. This is a major that is very different from the norm. This gives me an advantage in coming up with creative ideas, that people in more traditional majors might not have been exposed to.
 Valuable: yes
 Rare: yes
 Inimitable: no
 Non-substitutable: yes

8. Social Media. Through all of the different social media sites I have, along with the networking I have performed in each site, I can connect myself with people from all over the world. This resource can help me the needs and wants of people everywhere. Also, if I wanted to grow and expand my venture, my social media would be a great resource to utilize.
 Valuable: yes
 Rare: yes
 Inimitable: yes
 Non-substitutable: yes

9. Research. I enjoy researching every big idea that I have. When I have an idea about doing something, I take the time to see what is already known about it. I will usually spend days making sure I can learn as much as possible about what I want to do before setting out and doing it. This helps me to do the best job possible, and to decrease the amount of mistakes that could occur.
 Valuable: yes
 Rare: no
 Inimitable: no
 Non-substitutable: yes

10. Capital. I do not have a large amount of capital, but my credit score is very good. I can use this to help me raise money, and to persuade others to invest in my venture. If they see that I have a good credit score, they know that I take calculated risks, and that they will see a return on their investment.
 Valuable: yes
 Rare: no
 Inimitable: no
 Non-substitutable: yes

After performing the VRIN analysis, I believe that my top resource is my network of friends. These are a group of very intelligent people that can not only help me raise capital, but also provide me with new ideas for my venture. Also, these people do have many invaluable skills that I could utilize with my venture.

2 comments:

  1. Hey Luis! I’ve peer reviewed a couple of your other posts and definitely think that being bilingual would be a big advantage to you because you are able to access a large market base. I also think that several other things you listed could be unique to yourself, which was the goal of this assignment. Here’s a link to check out what I think are my unfair advantages: http://cxgoss.blogspot.com/2016/03/my-unfair-advantage.html.

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  2. These are great resources, some that I even possess but didn't even think of listing! I think your major is an interesting resource, and I would have loved to read more about it and how it has inspired you so far. Overall I think our lists are pretty different from one another, here's mine: http://lfrancie.blogspot.com/2016/03/resources-aaron-wright-brandon-vega.html

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