Friday, April 5, 2019

23A – Your Venture’s Unfair Advantage


  1. Communication skills
    • Valuable: Yes, because it is required to have good communication skills to succeed 
    • Rare: Not that rare to have goo communication skills 
    • Inimitable: Everyone one is unique with what their strong communication skills entail 
    • non-Substitutable: yes, it is non-substitutable 
  2. Knowledge in coding 
    • Valuable: yes it is, not everyone has that skill
    • Rare: not that rare since people can go to school for it or learn on their own doing
    • Inimitable: Yes, very inimitable 
    • non-Substitutable: Yes, it is non-substitutable
  3. Access to UF parking garage
    • Valuable: yes, since this app is geared to UF parking garages
    • Rare: no, it is open to those who have either parking decals or anyone after hours
    • Inimitable: yes, but takes a long time to build a parking garage
    • non-Substitutable: yes, non-substitutable
  4. Access to students and faculty
    • Valuable: yes, need insight on our buyers
    • Rare: no they're not rare
    • Inimitable: not really
    • non-Substitutable: yeah we need them
  5. Professional connections
    • Valuable: extremely 
    • Rare: semi because it can be hard or rare to find solid connections
    • Inimitable: not really
    • non-Substitutable: not really
  6. Funds
    • Valuable: extremely, to start up the company
    • Rare: not really
    • Inimitable: yes, money is money
    • non-Substitutable: there isn't much other currencies to use in America
  7. First-hand experience 
    • Valuable: very valuable
    • Rare: not in this case
    • Inimitable: no
    • non-Substitutable: yes, cannot substitute first-hand experience
  8. Leadership skills
    • Valuable: very valuable
    • Rare: maybe
    • Inimitable: no, everyone has different skill sets to bring to the table
    • non-Substitutable: you need leadership skills
  9. Being open-minded
    • Valuable: very valuable, need to seize every opportunity
    • Rare: no, depends on personality 
    • Inimitable: cannot imitate
    • non-Substitutable: cannot substitute
  10. Bachelor's in Information Systems
    • Valuable: Extremely
    • Rare: no, just need to go to school for it
    • Inimitable: cannot imitate it
    • non-Substitutable: can have another degree relating to computer science
Reflection: I think my top resource or the MVP resource I came up with would be knowledge in coding. If there is no knowledge in this, then my whole app cannot even come to life, and therefore, defeats the purpose of having an app and creating one. 

1 comment:

  1. Hi Kristen! I think you did a great job coming up with your unfair advantages. I found while I was doing this assignment that it was challenging. I have though of some competitive advantages that I may have but I had just not thought of them all to this degree. It helped me have a better understanding of where I stand in the market, and hopefully it did the same for you! Great job overall.

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