23A- Your Ventures Unfair Advantage

Kalie Novosedliak
Professor Pryor
ENT3003- Assignment 23A
April 6, 2020

1) Organization
 a. Why is it valuable? 
This is valuable because it ensures that an organization is on task and staying productive in order to parallel a path of success. Staying organized has helped me make sure everything gets done and with quality.
b. Is it rare? 
Not everyone is organized to the extent that I am, so yes I would say the level of my organization is rare .
c. Is it imitable?
No, other people can be organized too.
d. Is it non-substitutable?
In terms of my own organization, I do not believe there are other resources that can provide the same benefits other than your own organization. Although there are other resources that can attempt to mirror your own organization, I believe it is a characteristic one must have in order to maintain the benefits.

2) Time management
 a. Why is it valuable? 
Time management is valuable because it allows an entrepreneur to make sure everything gets done in a timely manner and in respect of deadlines.
b. Is it rare? 
No, having time management is not rare
c. Is it imitable?
No, other people can have good time management too
d. Is it non-substitutable?
I believe this is non-substitutable because time management has specific benefits that other resources may not have. Time management makes sure an organization or entrepreneur is efficient and effective, some core characteristics needed in order to be successful.

3) Positive Attitude
 a. Why is it valuable? 
Having a positive attitude is important when trying to stay motivated and to put a consistent effort in a goal. This will ultimately help the organization reach its all time goal because although it is not an easy task, having a good attitude and mindset is very helpful.
b. Is it rare? 
No, having a positive attitude is not rare, but there are many people without it.
c. Is it imitable?
No, other people can have a positive attitude too.
d. Is it non-substitutable?
I believe having a positive attitude is non-substitutable because having a negative attitude with other resources in place of a positive attitude will still not show the same benefits. Having a positive attitude when pursuing a goal is important and is something that should not be replaced by another resource regardless of what it is.

4) Consistency
 a. Why is it valuable? 
This resource is valuable because it provides stability in an organization when pursuing a goal. One cannot reach a goal without commitment and consistency in the process. Seeing consistent improvement is both encouraging mentally and physically.
b. Is it rare? 
Consistency is not rare, however most people do not have experience and knowledge in consistency to the extent that I do. Swimming has taught me a lot about the importance of consistency.
c. Is it imitable?
No, other people can be consistent too.
d. Is it non-substitutable?
I believe this is a non-substitutable resource because of the specific benefits it provides and its long term effect on an organizations success. With consistency, it ensures that an organization is going in the right direction and prevents from any risk occurring that could potentially hurt that organization. The results are the most beneficial and rewarding when being consistent.

5) Visual Learner
 a. Why is it valuable? 
This is important in my organization because it allows me to envision what is best for my organization in the long term future. My vision is very clear and is helpful when I need to keep in mind the importance of my efforts in the process of pursuing my goal.
b. Is it rare? 
Not everyone is a visual learner so this is not rare
c. Is it imitable?
 This is imitable because someone cannot just develop this visual learner characteristic. I believe it is part of someones learning personality.
d. Is it non-substitutable?
My ability to visualize my goals and exactly how I will reach them with my organization has shown that it is non-substitutable and no other resources provide the unique benefits that this does.


6) Accountability
 a. Why is it valuable? 
This is valuable because I am easily able to hold myself accountable and responsible for the decisions I make in regards to my organization. It helps me make the best choices for the well being of my organization.
b. Is it rare? 
No, other people are accountable too
c. Is it imitable?
No, other people can be accountable too.
d. Is it non-substitutable?
This is non-substitute because no other resource or robot other than "responsible" can match the benefits of this resource. It is something that enforces the importance of making the right decisions and keeping the well being of the company in mind at all times.

7) Hands On experience
 a. Why is it valuable? 
This is valuable because experience in a field prior to pursuing an entrepreneurial career in it is important, for me at least. I believe being able to see the works and how the process is develops first hand through hands on experience is really valuable.
b. Is it rare? 
No, other people can work in my organization hands on too
c. Is it imitable?
No, other people can have similar hands on experience to me
d. Is it non-substitutable?
This is non-substitutable because someone who does not have this experience but a plethora of other resources still may not have the in depth understanding of the behind-the-scenes that goes into my organization. Being engaged and involved in my organization and the process itself is crucial to me.

 8) Investing $2,000 in start up for organization
 a. Why is it valuable? 
This is valuable and necessary in the start up for my organization to take care of basic things in order to get the ball rolling
b. Is it rare? 
No, a lot of people have $2,000
c. Is it imitable?
No, anyone can get $2,000
d. Is it non-substitutable?
Yes this is non-substitutable because money can provide benefits and get things for my organization that other resources cannot.


9) Networking 
 a. Why is it valuable? 
This is valuable because networking can expand the help I can get with my organization such as advertising and advice. This is very important when starting up a business
b. Is it rare? 
Yes, this is a rare resource because my market and industry is very narrow and requires a certain type of company/ indivuals with certain experience or jobs that I need to network to.
c. Is it imitable?
Yes, because although some people can network, networking in my specific area is not common and someone cannot easily copy.
d. Is it non-substitutable?
This is non-substituatble because networking with similar companies provides benefits that can determine the success of my organization. No other resources can provide these same benefits that networking can.

10) Adaptability
 a. Why is it valuable? 
This is valuable because it is very likely that I will experience adversity with my company and will have to adapt quickly in order to keep my organization successful. Being able to adapt quickly to a changing environment is very important.
b. Is it rare? 
This is rare because a lot of entrepreneurs and companies struggle with being able to adapt quickly to a dramatic change in the market or economy as a whole, which is why so many companies that are just starting up fail so easily.
c. Is it imitable?
No, other people can learn how to be adaptable.
d. Is it non-substitutable?
This is non-substitutable because adaptability is the only resource an organization or entrepreneur needs in order to stay successful during a dramatic change in the market. Being able to adapt will prevent the company from being severely affected by a change.


I believe my networking resource is the most important to my organization. This is most important to my venture compared to my other resources because it truly determines the success my organization will see when starting up as a new company. Networking to other similar organizations and communicating with people who are in the market and share similar goals and interests as my organization can dramatically help my organization not only through advertisement, but also in receiving insightful advice that they might have from their own experiences.