Friday, March 18, 2016

My Unfair Advantage

Resources:
1. Hardworking
V- You have to be hardworking to get things done and make sure your company succeeds.
R- This quality isn't so rare, yet there are plenty of people who would rather glide by and do the bare minimum, while I try to go above and beyond.
I- This can be imitated by others, but everyone has different levels of how hard they work, and I believe that I work harder than a lot of people.
N- This could possibly be substituted with determination.

2. Straightforward
V- This is valuable because most people try to spare your feelings by beating around the bush or not giving you what you really need to know to make yourself better. I tend to be very blunt and tell people the truth even if it hurts.
R- This is rare because as I said before, most people like to make sure everyone likes them and don't hurt their feelings for any reason and most people will not give you a truthfully straight answer.
I- This is something that can be slightly imitated by others but is hard to change your personality to become blunt, so it is hard to imitate unless you have that personality.
N- This cannot be substituted by any other resource because it is very unique to the rest of my resources.

3. Outgoing
V- This is valuable because you have to be able to network and talk to people when you run a company and be friendly and comfortable being in charge and leading.
R- This is not so rare as a lot of people are outgoing, but there are also a lot of introverted people who have problems talking to people they do not know.
I- This is not easily imitated as it is either your personality type, or its not.
N- This is not replaceable by any other resource because it is very specific and different from the rest of my resources.

4. Organized
V- This is valuable because if you aren't organized, you won't be able to run your company well and can lose out on opportunities, clients, or money.
R- This is not very rare but is highly necessary for any type of leadership position.
I- This can be imitated but it can be hard to imitate if you are not already an organized person.
N- This is not substitutable because it is very different from the other resources I have.

5. Creative
V- This is valuable because you have to be able to come up with ideas to engage your employees, market your products, and promote your business.
R- This can be very rare because it is a specific mindset you have and not something you can learn.
I- This is not able to be imitated because it is not something you can learn.
N- This is not a interchangeable with any of my other resources.

6. Analytical
V- This is very valuable because being able to analyze situations is important in business situations.
R- This can be rare because not everyone is able to analyze situations and make a rational decision.
I- This is not easily imitated by others because it is something that you have and not something you can learn.
N- This is not interchangeable with any of the other resources because it is unique from the other resources I have.

7. Cautious
V- This can be very valuable because even though you have to take risks in business, you have to also be cautious and make rational decisions.
R- This is not as rare because people tend to be cautious about things.
I- This is easily imitated because most people are cautious.
N- This is not interchangeable between the other resources I have.

8. Money conscious
V- Being money conscious is important because you have to being able to balance your money to manage your business.
R- This is sometimes rare because a lot of people don't spend their money wisely and you need to be able to run the company and not go into debt.
I- This can be imitated but it can be harder because sometimes it is in your nature to spend money on more expensive things rather than be economical.
N- This is something that is you can maybe substitute with being cautious.

9. Determined
V- This is a very valuable for someone to have because you need to be determined in order to get things done.
R- This can be rare because some people are determined and some people are not.
I- You can imitate determination because it is something you can have if you are passionate enough about something.
N- This is something that can possibly be substituted by my hardworking resource.

10. Passionate
V- This is a very valuable resource because if you are not passionate about what you are doing, you won't be able to accomplish anything.
R- This is rare because you have to really love what you are doing to be passionate.
I- This cannot be imitated because if you don't like something, you can't fake passion.
N- This is not something that substitute because it is a very specific resource.

My top resource is creativity because it is rare, not able to be imitated, and is not substitutable.

3 comments:

  1. You are definitely organized! This is a strong list of your personal resources and it’s absolutely clear to me that you would excel at any task or venture you choose to pursue. I do wish I knew how they played into your idea a little more, though, or had some ideas about the outside resources you plan to use to enact your entrepreneurial plan.

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  2. Hi Sarah,

    Very well made list, you definitely filled this out better than most. The VRIN analysis is on point. Like I said on my post, many people have overlapping traits, which I think nullifies the unfair advantage... but the sum of the parts is what counts. You clearly spent a good amount of time on this assignment, and it turned out great. Keep it up!

    Check out my unfair advantage post here at: http://jrozent3003.blogspot.com/2016/03/my-unfair-advantage.html

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  3. Hi Sarah, your unfair advantages are definitely good ones. I like that you are straightforward, I think that is an ability that people can lack and when in business beating around the bush or just glossing over things can cause problems. I also agree that organization is a big part of being an effective leader. You can check out my story here: http://nicholeent3003.blogspot.com/2016/03/my-unfair-advantage.html

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