1) Management Skills:
Valuable: yes.
Rare: somewhat.
Inimitable: not after the correct work experience.
Non-Substitutable: first hand experience is best for management skills.
2) Knowledge of the current cable system:
Valuable: yes.
Rare: decently rare.
Inimitable: imitable if researched as long as I have for this opportunity.
Non-Substitutable: no substitutes.
3) Understanding how millennials work:
Valuable: yes.
Rare: somewhat rare.
Inimitable: no.
Non-Substitutable: no substitutes.
4) Entrepreneurial knowledge from this class:
Valuable: yes.
Rare: only if going to UF
Inimitable: taking this type of class at another school.
Non-Substitutable: long time, real world knowledge.
5) Knowledge to establish a good business plan and model:
Valuable: yes.
Rare: yes.
Inimitable: somewhat, but must be well researched and thought out.
Non-Substitutable: hiring someone to take charge of this aspect of a business.
6) Being punctual:
Valuable: yes.
Rare: punctuality seems to be becoming rarer, so I would say yes.
Inimitable: can be imitated, but must be done correctly.
Non-Substitutable: no substitutes.
7) Bilingual in English and Spanish:
Valuable: very.
Rare: somewhat rare.
Inimitable: can be imitated.
Non-Substitutable: other languages can be substitutes.
8) Leadership skills:
Valuable: yes.
Rare: somewhat - can work differently for each field.
Inimitable: can be imitated, but would only work to a certain extent.
Non-Substitutable: no substitutes.
9) Multiple connections within the cable industry:
Valuable: very.
Rare: somewhat rare.
Inimitable: can have other connections within the industry.
Non-Substitutable: having stronger connections within the industry, or other powerful connections.
10) Work ethic:
Valuable: very.
Rare: depending which population is being analyzed, can be rare.
Inimitable: not really imitable, must be willing to work in order to have this.
Non-Substitutable: no substitutes.
I would say that my top resource is the multiple connections within the cable industry. The exercise from last week enhanced this and took it to a new level. I think this is more important to my venture, more than the other resources I listed because it allows me to pool knowledge from different sources. It also gives me the opportunity to have these individuals work together with me in my venture. This is important for my venture because of the multiple opportunities that it creates.
Rare: somewhat.
Inimitable: not after the correct work experience.
Non-Substitutable: first hand experience is best for management skills.
2) Knowledge of the current cable system:
Valuable: yes.
Rare: decently rare.
Inimitable: imitable if researched as long as I have for this opportunity.
Non-Substitutable: no substitutes.
3) Understanding how millennials work:
Valuable: yes.
Rare: somewhat rare.
Inimitable: no.
Non-Substitutable: no substitutes.
4) Entrepreneurial knowledge from this class:
Valuable: yes.
Rare: only if going to UF
Inimitable: taking this type of class at another school.
Non-Substitutable: long time, real world knowledge.
5) Knowledge to establish a good business plan and model:
Valuable: yes.
Rare: yes.
Inimitable: somewhat, but must be well researched and thought out.
Non-Substitutable: hiring someone to take charge of this aspect of a business.
6) Being punctual:
Valuable: yes.
Rare: punctuality seems to be becoming rarer, so I would say yes.
Inimitable: can be imitated, but must be done correctly.
Non-Substitutable: no substitutes.
7) Bilingual in English and Spanish:
Valuable: very.
Rare: somewhat rare.
Inimitable: can be imitated.
Non-Substitutable: other languages can be substitutes.
8) Leadership skills:
Valuable: yes.
Rare: somewhat - can work differently for each field.
Inimitable: can be imitated, but would only work to a certain extent.
Non-Substitutable: no substitutes.
9) Multiple connections within the cable industry:
Valuable: very.
Rare: somewhat rare.
Inimitable: can have other connections within the industry.
Non-Substitutable: having stronger connections within the industry, or other powerful connections.
10) Work ethic:
Valuable: very.
Rare: depending which population is being analyzed, can be rare.
Inimitable: not really imitable, must be willing to work in order to have this.
Non-Substitutable: no substitutes.
I would say that my top resource is the multiple connections within the cable industry. The exercise from last week enhanced this and took it to a new level. I think this is more important to my venture, more than the other resources I listed because it allows me to pool knowledge from different sources. It also gives me the opportunity to have these individuals work together with me in my venture. This is important for my venture because of the multiple opportunities that it creates.
First of all I like how you formatted your post, it made it really easy to understand and follow along with. Also we had similar advantages, like work ethic and a lot of human capital things. But one that I didn’t even think about was being bilingual, that’s a huge advantage and is a great asset especially here in Florida. Did you grow up speaking it or did you take courses in high school or here at UF?
ReplyDeleteI didn't even consider your point on having knowledge about how millennials work. I think that this combined with your leadership skills makes you adaptable and understandable about what it takes to motivate millennials in their careers. This could be very essential to your start up costs as millennials work for the experience as well as responsibilities and if you hire them and grow them in the business then the loyalty you get in return would be priceless.
ReplyDeleteI agree that one of your top resources for this venture is your connections with networks within the cable industry. I think if you could grow off of those sources you would go far with this idea. Also you attain a lot of valuable attributes that would make you a successful entrepreneur overall.
ReplyDelete