Saturday, July 16, 2016

My Unfair Advantage


My Ten Resources

1) My High Energy Level

2) My Level of Commitment

3) My Growth Mindset

4) The Support from My Family

5) My Friend Scott’s Marketing Knowledge

6) My Friend Aldo’s Application Development Experience

7) My Emotional Intelligence

8) My Open-Mindedness

9) The Video Profile

10) My Professionalism

My High Energy Level

   Valuable

My high energy level is valuable, because I am able to work continuously on an assignment for long periods of time. I can get more work done in a day, because of the energy I possess.  

   Rare

I would not say my high energy level is rare, because people regardless of age can possess the same amount of energy as I do.

    Inimitable

Anyone can have high energy so the energy is imitable, but the focus and use of that energy varies. People can spend large amounts of energy not being productive too. I feel the use of my energy is spent purposefully and good luck to anyone who wants to match me.

   Non-Substitutable

I would say that being determined can substitute having a high level of energy. Being determined or committed may get the job done, but at a slower rate.

My Level of Commitment

    Valuable

Being committed is extremely valuable when completing a task or goal. When the energy level is wearing down the commitment to complete the task kicks in.

    Rare

I am a very committed individual and I will stick to a goal as best I can. Again I would not say being committed is a rare trait to have, but these days it may soon become rare. I find it hard to not be committed, because then I feel like I am wasting my time.

    Inimitable

I do not believe anyone can imitate my commitment to a goal. I will go down with the ship if I have to. It does not even have to a goal I set, because I am just as committed to team lead goals too.

    Non-Substitutable

Being committed to a goal is similar to loyalty. Even though I did not put being loyal on my list of resources I feel there are similarities. If I am committed to an employer I will stick it out through thick and thin.

My Growth-Mindset

    Valuable

Having a growth-mindset is valuable, because I am able to look at failures as a stepping stone. Just because I lack a “natural” skill does not mean I will never obtain them. I am constantly learning and developing as a human being.

    Rare

I believe ones who have a growth mindset do not have a rare characteristic, but instead are a minority. The workplace may be more fixed mindset, depending on the industry.

    Inimitable

I want the growth mindset to be imitable, because the world will be better off. People will accomplish more and build a tolerance for failure. The workplace will run smoother and people will become inspired and eager to try new things.

    Non-Substitutable

The growth-mindset can not necessarily be substituted out with another resource. If I could pick I would say a close second will be to have high emotional intelligence. Being in control of your emotions can sway your thinking towards the growth-mindset.

Family Support

    Value

 I feel having support of any kind is crucial to anyone’s development as a person. Families support can come in many ways. Families can provide financial backing or motivate you to reach for your dreams. A strong family unit is always successful.

    Rare

Some families cannot afford to provide financial support, but that does not make them any less successful. In my case my family can help me get out of tough situations if need be. Everyone’s family is unique and some bonds are stronger than others.

    Inimitable

Every family is unique so my family backing is not imitable. My mom and dad run their own business so they can help me out financially, emotionally, and educationally.

    Non-Substitutable

Family support is not substitutable with any other resource. One can find support from others, but family support is much different.

My Friend Scott’s Marketing Knowledge

    Value

My friend Scott holds a bachelor’s degree in Marketing from Scranton University and has openly provided me valuable information on application marketing. I have known Scott for many years and I can trust him and the advice he gives me. Trust is very important when seeking advice from someone.

    Rare

I am not the only person who knows Scott, but I may be only one who knows him in this class. So my friendship and ability to seek advice from him is rare to this environment.

    Inimitable

Having a friend with a marketing degree is very imitable. Everyone knows at least one person who holds a marketing degree. Also anyone can connect on LinkedIn and build a relationship online.

    Non-Substitutable

I cannot substitute Scott's marketing knowledge and his eagerness to advise me with any other of my ten resources. I have other connections, but they hold different skill sets.

My Friend Aldo’s Application Development Experience

    Value

Also provides me the channel necessary to bring my application to life. Aldo offers over ten years of experience with application technologies.

    Rare

Like my friend Scott, Aldo is not known by everyone and is likely the case with my classmates. Many lack a connection with an application developer too.

    Inimitable

Others can find Aldo and connect with him if they wanted to. One could find a connection with a developer like I did.

    Non-Substitutable

I cannot substitute Aldo’s knowledge with any of my other resources.

My Emotional Intelligence

    Value

Being able to understand and deal with your emotions is important for the organizations culture. I feel people would enjoy working with me, because I will not use members of my team as an outlet for my emotions.

    Rare

Managers of business seem to have a hard time dealing with their emotions and take it out on their employees.

    Inimitable

I do not think it is imitable, unless you in fact have a moderate to high EQ. One will not be able to fake it, but one can develop their emotional intelligence over time.

    Non-Substitutable

My emotional intelligence is not directly substitutable, but can be seen with my open-mindedness.

My Open-mindedness

    Value

I want to hear and see all the angles available to me when I make decisions. Allowing others to provide input leads to growth.

    Rare

I do not believe being open-minded is rare and that is a great thing.

    Inimitable

Being open minded can be imitated, but will not come off as genuine.

    Non-Substitutable

Being open-minded can be linked to the growth-mindset.

The Video Profile

    Value

My users will be able to see one’s personality and have a better understanding of the person they plan to connect with.

    Rare

I know Facebook has a video picture, but a video profile is something I have not exactly seen.

    Inimitable

Anyone with the technological knowledge can implement a video profile capability to their sites or applications.

    Non-Substitutable

I would not be able to substitute a video profile with any other resource.

My Professionalism

    Value

I will act in a professional manner when dealing with men and women of business. And one can trust I will behave respectfully and meet the needs of the team.

    Rare

Many people are professional so I would not say my professionalism is rare. But an important resource to have.

    Inimitable

People can pretend to be professional when in a business setting.

    Non-Substitutable

I would say my professionalism can be substituted with my emotional intelligence, my commitment to a task, and my growth-mindset.

Top Resource

Out of the ten resources I have to say the most important is my friend Aldo’s application development experience. I had a hard time finding an experienced app developer to begin with. I was impressed when talking with Aldo. I feel his knowledge and experience will be the one resource that will take my concept off the ground.

3 comments:

  1. Marcos,

    You really explained every resources and described their VRINs. It is hard to find people that are experienced in app development and that will be something that is very important for your business! Great job!

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  2. Hey Marcos, I agree with you! Having someone that you can go to for advice is extremely valuable, rare, inimitable (there's only one Aldo!), and nonsubstitutable. Having someone that knows the business that you're trying to get into is often crucial for success. It seems like you have a lot of good resources working in your favor that will give you an unfair advantage when developing ALike.

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  3. I can see how your friends Aldo Application Development Experience is the most important. While being passionate about something is nice experience most of the time is better. Knowing this person will help you avoid some pit fall while diving into this line of work. Also carrying yourself in a professional manner with high levels of energy and family support will take you far in your entrepreneur experience.

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