23A – Your Venture’s Unfair Advantage

·       Generate a list of all of the resources in your venture (produce a list of at least 10 resources that you already possess). This can include your human capital, social capital, financial capital, and capabilities. You may also discuss the organizational culture you intend to create (but, obviously, it's not a resource that you have, now.) 

1. Human Capital

2. Social Capital

3. Financial Capital

4. Teamwork

5. Communication

6. Investors

7. Friends

8. Family

9. Employees

10. Technology

I intend to create a great organizational culture that is good. My organizational culture would be friendly and collaborative. This will be a great company to work at and everyone will want to work there.

·       Conduct a "VRIN" analysis for each resource. That is, describe, for each resource, how it is valuable, rare, inimitable (how hard it is to copy by others), and non-substitutable (are there other resources that can provide the same benefits?). 

1. Human Capital – very valuable, not imitable, non-substitutable

2. Social Capital – sort of valuable, kind of imitable, non substitutable

3. Financial Capital - very valuable, not imitable, non-substitutable

4. Teamwork - very valuable, imitable, substitutable

5. Communication - valuable, imitable, non-substitutable

6. Investors - valuable, substitutable

7. Friends - very valuable, not imitable, non-substitutable

8. Family - not imitable, non-substitutable

9. Employees - very valuable, not imitable, non-substitutable

10. Technology - very valuable, not imitable, non-substitutable

·       After conducting the VRIN analysis, determine what your top resource is. Explain why it's more important to your venture than all of the other resources.

My most valuable resource is my human capital. This encompasses most of my other resources. I really would like to expand my human capital even though think that it is already pretty good. I am excited to see how my human capital grows along with my business.