1. Computer Skills
V - Y
R - N
I - Y
N - N
2. Innovation
V - Y
R - Y
I - N
N - Y
3. Adaptability
V - Y
R - Y
I - Y
N - Y
4. Leadership Skills
V - Y
R - N
I - Y
N - N
5. Knowledge about the market
V - Y
R - N
I - Y
N - N
6. Low Cost of Producing the Product
V - Y
R - N
I - Y
N - N
7. Simplicity of Product
V - Y
R - N
I - Y
N - Y
8. Business Idea
V - Y
R - N
I - Y
N - Y
9. Open Mind
V - Y
R - N
I - Y
N - N
10. Good Understanding of my Customers
V - Y
R - N
I - Y
N - N
I think that my top resource after conducting a VRIN analysis is the adaptability of my product and my own adaptability. Adaptability is one of my top strengths, according to strengths finder, and I think that allows me to expect the unexpected. Also my product is very adaptable and because of the simplicity of the design, it allows me to make changes on it according to feedback that I would get from customers.
Hi Christian,
ReplyDeleteIt looks like you have a lot of really great advantages to help make your business successful. I agree that being flexible and being able to adapt yourself and your business is one of your most important advantages. I also think that having a good understanding of your customers is very important. If you would like to check out my unfair advantage blog post you can read it here: http://www.emmastetterent3003.blogspot.com/2016/03/my-unfair-advantage.html
Thanks for sharing!
Hey Christian,
ReplyDeleteI like that you kept your evaluation of each trait straight forward in if it made the evaluation or not. As well I agree that your trait of being flexible is probably one of the best traits to hone with a business. Life is so unpredictable, especially as an entrepreneur, so being able to adjust to the direction life is bringing you is key to thriving in the business world. Check out what I came to for my unfair advantage for my venture. http://bstestblogpost.blogspot.com/2016/03/your-ventures-unfair-advantage-week-11.html