23A

1.Fundraising experience: Aoii and DM
valuable- This is valuable because every business idea will need funding
rare- many people are capable of fundraising money
inimitable- this can be imitated it would just be fundraising for different illnesses and events
non-substitutable: I could have someone else do this and fundraise money.

2.Social capital: UF Greek life
valuable: Greek life is very powerful at UF being involved with different chapters is very valuable for business ideas.
rare: This isn’t rare because all UF students can join a sorority
inimitable: this can be imitated if students join Greek life
non-substitutable: having connections in Greek life cant be substituted for something else because it is so valuable.

3. organization skills
valuable: This is valuable because it can help you strategically with your business idea and organizing your thoughts.
rare: this is not a rare skill many people are organized.
Inimitable: you can imitate this skill
Non –substitutable: I could find someone to organize my things if I wanted to.

4.Support from organizations:
valuable: This is valuable because with the support of organizations such as my sorority and business clubs they can spread the word.
rare: For some people, this is rare to be apart of organizations.
Inimitable: this can be imitated with other organizations
Non-substitutable: I couldn’t get the same support and help without my organizations.

5.Personal relationships/ networking:
valuable: having relationships with people in the business world is very valuable.
rare: This isn’t rare many people network and has connections in business.
inimitable: Yes, I would say this can be imitated.
non-substitutable: I could find someone else who has connections and networks.

6. Writing skills
valuable: Very valuable in the business world for communicating with employees and customers.
rare: Not everyone has great writing skills but some people do.
Inimitable: Yes, some people have the skills to imitate good writing.
non-substitutable: Yes, I could find someone else who has writing skills.

7.Time management
valuable: allows me to organize my time effectively to have more time for business ideas.
rare: This isn’t rare as other people have these skills, but it is definitely helpful.
Inimitable: it can be imitated.
non-substitutable: most likely substitutable to find a replacement.

8. Social media in business:
valuable: having your business on social media is valuable to many companies and increases exposure.
Rare: Not every business knows how to use social media effectively.
Inimitable: most people in my generation use social media.
non-substitutable: No because social media is extremely valuable.

9. Valuable info on prototypical customers:
valuable: Not everyone has gotten valuable info from potential customers. So this is an advantage.
rare: This is rare because it takes time and effort to reach out to prototypical customers.
Inimitable: You can’t because it came from the original source
Non- substitutable: Other people could do interviews but they would not be the same.

10. University of Florida:
valuable: Many networking opportunities with older gators and respect for going to a recognized school.
rare: It is a top 10 university.
Inimitable: yes, many could if they also attend a top 10 university
Non-substitutable: not substitutable.


 I think my top resources would be my skills such as writing, organizing and time management these skills can help me efficiently plan my business idea and put it in to effect.

Comments

  1. Jessi,
    I love how your top engagement activity is fundraising through DM because this show's your passion for effecting others in a positive light. DM is an amazing service that raised 3.2 million dollars this year, and will impact kids at Shands hospital for years to come.

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  2. Hi Jessi!

    I found that we have a lot of similar resources such as time management, social media skills, UF Greek Life and fundraising skills! I believe all of those are important ways you can present yourself to employers/investors. Connections/networking is definitely something I didn't realize was so important until college. Making meaningful impressions/relationships can take you a long way.

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  3. Hi Jessi! I really liked reading your different advantages. It’s interesting to see what other people consider their advantages in their business venture. I never would’ve thought of putting down UF as one of my advantages. I do agree that your skills in writing, organizing, and time management are very valuable in starting and maintaining a business. They may be skills that are overlooked.

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  4. Jessi,

    You did a great job analyzing these advantages and how they would help you network. The skills you mentioned are some that help a product and a company improve and grow, such as the UF advantage!

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  5. Hi Jessi!
    I love how organized your post was. I notice we had a few of the same resources including being a part of greek life and having information on the protypical customer. On the other hand, I was impressed with some resources you came up with that didn't cross my mind, such as going to UF and usins social media. Overall, great job on this assignment!

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