1. Accessibility.
The accessibility of the application is valuable because it is simple and easy
to access on your phone. This resource can easily be inimitable and is not non-substitutable.
2. Trouble-free Use.
The trouble-free use of this application is valuable because it makes the
application easy and not difficult to use. . This resource can easily be
inimitable and is not non-substitutable.
3. The
value of this application is it is based on Technology, so therefore if there is a bug it can be fixed. . This
resource can easily be inimitable and is not non-substitutable
4. My
human capital can contribute to the value of this application. I am very driven and wouldn’t create something
that I wouldn’t be willing to give everything up for its success. This resource cannot be easily inimitable and
is others can provide this resource.
5. The
value of this application is it is an application built by a company built on a young staff. This
would allow us to know technology best and what can make the app user friendly.
This resource can easily be inimitable and is not non-substitutable
6. My
human capital can contribute to the
value of this application again. I have a good eye for how to sell via social
media which gives me the upper hand on knowing how to build the app. This resource
cannot easily be inimitable and is not non-substitutable
7.
My human
capital can contribute to the value of this application again. I have experience
with professional speeches, so that can help with talking to investors. This resource cannot easily be inimitable and
is not non-substitutable.
8.
Making
your life tasks easier is a resource that makes this application valuable. This
resource cannot be easily be inimitable and is not non-substitutable
9.
This application is valuable because it allows a safer way to purchase goods. Since you
won’t be using credit cards to purchase items you won’t have to worry about
theft of your cards. This resource cannot easily be inimitable and is not
non-substitutable.
10.
This application is rare because it’s a great piece of
technology that would be a free application.
This
resource can be easily be inimitable and is not non-substitutable
I believe my top resource is the accessibility
of the application. I believe it's more important to my venture than all of the
other resources because it’s the main factor of my venture that allows it make
your life easier.
Kelly,
ReplyDeleteYou really have presented your unfair advantage very well. I think you have a few resources that you could have claimed as the most valuable for your venture. I really like the fact that this is going to be a free application. I know you say that it is a safer way to purchase goods, as you won’t have to worry about theft of your cards, but I am worried. What if I lose my phone or I get hacked? All the information is right there at the fingertips of anyone who wants it.
Kelly, you did a really good job on this assignment. I think its cool that this app is going to be free to everyone who takes interest in it. You got your point across with your unfair advantages in a great way. I can tell you put a lot of time and effort into this assignment. Keep up the good work!
ReplyDeleteHi Kelly,
ReplyDeleteI like the way you formatted this assignment and you clearly offered a lot of insight on all of your advantages. The fact you listed advantages in your product instead of only advantages you possessed in making the product also shows great intuition and investment in your idea. I agree that ease of access with your application is your strongest advantage.
Hey good job on the assignment. You listed 10 great resources and it seems like you have a good awareness of what you're doing. Hopefully this assignment helped you further identify potential areas of improvement and how you could use the same analytical skills in other things. Good luck on the class and I wish you nothing but the best.
ReplyDeleteHey Kelly!
ReplyDeleteI enjoyed reading your VRIN analyses of your resources. I thought that it was cool that your human capital contributed so much to your venture. Since you are one of your most valuable resources, you could find success in almost any venture that you choose. I also agreed with your choice of accessibility as your most important resource. Despite its imitability, it is very valuable.