Assignment 23A: My Venture's Unfair Advantage

Resources:

1.     Organization:

V: This boat repair company will remain organized which will keep customers happy.

R: It is rare because most mechanics do not use this as a skill.

I: It is not that hard to copy but can be if not realized to be important by competitors.

N: This is a skill and only this skill can provide the benefits.

2.     Timely

V: This is huge to meet deadlines.

R: this is a huge rarity and must be met for my business to be successful.

I: No one can replicate this if they did not follow it from the beginning.

N: There is no substitute for this and deadlines must be met.

3.     Knowledge

V: This is very valuable to know a boat before working on it.

R: Most boat mechanics own boats and have knowledge of fixing them.

I: People that did not grow up around boats really won’t have the same knowledge I do.

N:

4.     Friends with Skills for Employees

V: I will need mechanics good at their work for my company to succeed.

R: This is rare and needed for a successful company.

I: This can be copied through applications, but the trust present cannot be copied.

N: People can hire other mechanics other than their friends.

5.     Hard Working

V: This is huge in the mechanic industry.

R: This is not as a rare for the mechanic industry.

I: People can be hard working if they choose so this can easily be learned and  copied.

N: There is no substitute for hard work.

6.     Managing

V: Needed to show the employees what to do and what aspects are needed to do so.

R: This is rare for managers to be working effectively in the mechanic industry.

I: This is hard to copy because managing correctly is something learned not picked.

N: There is no other option to good management.

7.     Financial Capital

V: Definitely a huge value to get any company up and running.

R: This is a rare aspect usually to have high financial capital coming out of college

I: People determine their financial capital, so it is usually pretty hard to copy.

N: Money is money and only money can finance a company.

8.     Professionalism

V: This is huge part of potential for success for me

R: Most people in this industry lack this skill and organizational culture

I: It is not hard for other boat mechanics to practice this, but no one does.

N: This aspect of work cannot be substituted by anything else.

9.     Potential Customers

V: This is was provides the companies with profits and revenues and is huge for success.

R: Most people have customers, but I feel like I know more people in Tampa with boats.

I: This is hard for people to know customers before they start their business.

N: This cannot be replaced by anything in a startup business.

10.  Education

V: This is huge in the mechanic industry because most people lack a college degree.

R: This is very rare for this industry and this will definitely be a benefit I have

I: This is hard for people to copy because they are usually busy at work.

N: There is no substitute for this and is very hard to be replaced by anything else.

For this resource list, I believe number 8 (Professionalism) is my best potential resource. This cannot be replaced by anything else and definitely is an aspect that is lacked in this industry. I think with this resource my company would put me above all other potential competitors. I believe this is a huge consideration when I go about starting my business and I must have this as an aspect to be successful.