- V- very valuable, very important resource in modern day world.
- R- not many people focus solely on social media
- I- easy to imitate, easy to learn about this
- N-it could be substitutable if people learned about this field.
2.) Individualized approach
- V-extremely valuable
- R-rare, most don't focus on the individual
- I-somewhat easy to imitate
- N- I will have a different approach than others no it can't be substituted.
3.) Reliability
- V-very valuable
- R- somewhat rare
- I- easy for people to say they're reliable, not always true
- N- not substitutable
4.) Connections and personal network
- V- valuable
- R- not rare, everyone has connections in one way or another
- I- can imitate
- N- is substitutable
5.) Personal determination
- V- valuable, impacts results
- R- rare
- I- can pretend to imitate
- N- can be substituted
6.) Vision
- V- very valuable
- R- rare compared to others
- I- can't be imitated
- N- can't be substituted
7.) Doesn't need startup capital
- V-valuable because it saves money in the long run
- R- somewhat rare
- I- not something that you can imitate
- N- others could substitute
- V- quite valuable
- R- not rare, others use it
- I- can be imitated
- N- can be substituted by others
9.) The quality of my business
- V-very valuable
- R- somewhat rare
- I- others can imitate in a different way
- N- could be substituted by a different business
10.) Financial stability
- V-valuable, will help solve problems in the future
- R-somewhat rare
- I- can't be imitated
- N- others can substitute
I believe my top resource is the individualized approach I will offer. Others can try to imitate this resource but not everyone will be successful. It is also extremely valuable which will make a difference.
Hey Maria,
ReplyDeleteI think you did a good job identifying the resources your business will need. One thing I do think you could do to improve your post is going into move detail about each aspect of VIRN and how it would apply to each resource. I agree with your choice in top resource, your individualized approach is very unique to your business and could set you apart from others.