1) Hardwork
V: yes
R: no
I: yes
N: no
2) Perserverence
V: yes
R: no
I: yes
N: no
3) Quality
V: yes
R: yes
I: yes
N: no
4) Loyal to customers
V: yes
r: yes
I: no
N: no
5) Loyal to suppliers
V: yes
R: yes
I: no
N: no
6) Loyal investors
V: yes
R: yes
I: no
N: no
7) Ethical
V: yes
R: yes
I: no
N: no
8) Good marketing
V: yes
R: no
I: yes
N: yes
9) Financially responsible
V: yes
R: yes
I: no
N: no
10) Educated
V: yes
R: no
I: yes
N: no
The most important resource we have is being financially responsible because without this you will never be able to start and keep a business open long enough to show the other resources.
Based on just reading this post - I don't think I really have enough to even provide a comment on. I feel that the point of this VRIN analysis was to explain WHY you have an unfair advantage in those aspects, rather than just saying yes or no. I can't really provide accurate feedback on an assignment that isn't complete. But feel free to check out my post : http://ryandoescubing.blogspot.com/2016/03/my-unfair-advantage.html
ReplyDeleteHello William,
ReplyDeleteI think I will have to agree with Ryan. Your answers to this assignment are vague, and leave me wanting more information. Nothing really proved to me that you had these advantages, because you didn’t explain them. Like for some of the answers, I didn’t understand why they are even on this list (like 4-6).
I do agree with your last statement, though. Financial Responsibility is important, but other things might be more important depending on your venture.
Our posts are not alike, but feel free to check out mine: http://kwallaceent.blogspot.com/2016/03/my-unfair-advantage.html
-Katherine Wallace