Monday, April 6, 2020
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.
Thursday, April 2, 2020
22A- Elevator Pitch No.3
Kalie Novosedliak
Professor Pryor
ENT3003- Assignemnt 22A
April 2, 2020
1. https://youtu.be/jyQ3_Q_nR34
2. I wanted to make sure I spoke louder than my last elevator pitch. The feedback I received was very positive and encouraging! This was the main component of my elevator pitch I wanted to improve on.
I thought all of the feedback I got from my second elevator pitch was right on and useful, and most definitely things I can keep in mind for the future!
3. Based on the feedback, I kept a lot of the elevator pitch the same. I spoke a little louder and more clearly which was the biggest change in comparison to my prior elevator pitch. Overall, the content of what I was saying and my hand gesture remained similar, but my speaking voice was what changed.
Tuesday, March 31, 2020
21A- Reading Reflection No.2
Kalie Novosedliak
Professor Pryor
ENT3003- Assignment 21A
March 31, 2020
Innovation and Entrepreneurship, by Peter Drucker
1. This book is separated into three different stages that Drucker believes is crucial to know as a successful entrepreneur. These sections include the practice of innovation, the practice of entrepreneurship, and entrepreneurial strategies. Each of these stages all develop a constant theme of innovation seen throughout the book, pointing to the importance of constantly innovating in order to find new opportunities, how to efficiently carry out innovative ideas to become successful, and how to identify an appropriate way to introduce your innovation to the market. Throughout this whole book, Drucker consistently encourages not only the importance of innovation in entrepreneurship, but especially the correct way to do it in order to be the most successful in any given market. He lists the seven main sources of innovation to support his claims and also points out the importance of keeping up with financial and social aspects or elements of being innovative and one step ahead towards success.
2. I believe this book completely connects with what we are learning in ENT3003 with out own business concepts. By reading this book, I am able to apply it to my business concept in order to put my innovative ideas into perspective and to assure that they are paralleling the techniques and advice Drucker gives. Similarly to Professor Pryor, Drucker constantly enforces the importance of being innovative and different in your entrepreneurial idea or career.
3. The exercise I would design for the class is for every student to conduct an analysis or reflection for their business concept and the seven main sources of innovation in Drucker's book. They would need to answer each of the following things and in detail connect each source with their business idea in order to check of all of them. The sources are: The unexpected(unexpected success, failure, unexpected outside event), the incongruity(the reality of your business concept as it actually is or how it ought to be), innovation based on process need, changes in the industry or market structure that would have immediate effects on your business, demographics,potential changes in perception, mood, and meaning for your product/service, and how new knowledge would affect the innovation of your business concept.
4. I was surprised to learn about how frequently and how severe changes in the market can be. I always thought a company was able to create whatever they did and as long as it was innovative, would be successful in a society like ours today. I learned that social and financial patters in the market have a dramatic effect on each business in that market and how much those businesses have to constantly be prepared for a change and learn how to adapt quickly through innovation.
Wednesday, March 25, 2020
20A- Growing Your Social Capital
Kalie Novosedliak
Professor Pryor
ENT3003, Assignment 20A
March 24, 2020
1.
Jennifer Templeman
Expert on your market
I found Jennifer by Google searching the best nonprofit organizations that aid the educational system and found Jumpstart, the organization Jennifer is a part of. I found her contact information at the bottom of the home page with her email and phone number and contacted her with that information.
Jennifer did me a favor and was able to give me advice on the tips and tricks Jumpstart used in order to become so successful. In return I donated to Jumpstart in order to help their organization.
Including Jennifer will advance my networking skills and we have developed a relationship where I feel like she will always be more than happy to answer any questions I have regarding our market.
2.
Christine Patton
Domain expert of your industry
I found Christine's contact information on the home page of the Jumpstart organization website. Her phone number and email was listed under her role for Jumpstart which is the head of the Research and Evaluation wing.
Christine did me a favor in educating me the steps Jumpstart takes in order to evaluate their own success, the logistics of their actions and funding, and the research needed to be done in order to make sure they continue on the right track in regards to their long term goals. In return, I donated to the Jumpstart organization in support of not only the organization itself, but the issue it stands for.
Including Christine in my networking skills has definitely broadened my opportunity for connections with my business concept and will help me follow the steps that made them so successful, hoping that my organization will mirror similar success.
3.
Quenita Fry(Expediacares Ambassador)
Important Supplier to your industry
I Google searched companies that dedicate effort into aiding the education for children not only locally, but globally as well because I realize some larger companies have the platform to do so. Expedia has a program called Expediacares that reaches out globally and locally to better the lives of children through educational programs and supporting the learning experience for public schools.
Christine did me a favor in educating me on Expediacares and the background and actions that go behind making this campaign so unique. I loved learning about how Expediacares was started and hearing about how many people are devoted to participating in this campaign in order to make a difference in children's' lives all around the world. I did not necessarily do anything in return for this, but I did more research on this program and have spread awareness by telling friends and family about Expediacares.
Including Quenita Fry in my networking has advances my opportunity in knowing that I can run any of my ideas by her and getting her own, genuine opinion based off of her experience and knowledge from working with Expediacares and being so involved.
This experience most definitely has shaped and furthered my passion for such a cause. It was great to learn about everyone's experience in this industry and market. I can relate to these people and the passion for wanting to make a difference in the education system. It encourages me to be more confident in future networking events and not be afraid of sharing my passion and my vision and getting feedback in order to improve in my ideas. This differed from my past networking experiences because it directly related to my own business concept, so I found myself to be much more interested and engaged in this networking process rather than with other companies/individuals.
Tuesday, March 24, 2020
19A- Idea Napkin No.2
Kalie Novosedliak
Professor Pryor
ENT3003, Assignment 19A
March 24, 2020
1. I am a collegiate athlete attending the University of Florida. As a college student, I fully support the idea of encouraging the importance of education and how it directly pertains to future success. Some of my talents include swimming, playing the piano, and surfing. I find that these are all hobbies that require dedication and ambition in order to be successful, which I think parallels the characteristics of a successful organization and entrepreneur. Some of my aspirations include creating a more stable and equal educational system throughout the US and eventually expand to globally. This is something I am very passionate about because I am aware of the unequal opportunities that are present to students throughout the US. I see my business concept playing a role in my life knowing that I am helping others and influencing others' lives through the efforts of my organization. This is a huge role in my life because I understand that it will take a lot of time and effort in order to keep it successful.
2. The unmet need I am addressing through my business concept is the lack of funding given to schools throughout the US that do not allow for students and staff, especially teachers, to learn and work at their greatest potential. Especially for students, adequate resources should be available in order to get the best learning experience. My organization involves fund raising events across the country in order to donate to these particular schools that do not have the resources necessary for their students and staff. My organization also offers the opportunity for customers to donate any unwanted technology that still works such as printers, computers, tablets, etc that will be immediately implemented in the learning style of these schools once enough resources are available.
3. I am offering it to a wide range of customers that obtain various demographic and psycho graphic characteristics. Ultimately, I am offering this to anyone who feels passionate and generous in helping this unmet need that is so widespread throughout our country and such a severe problem. My customers will most likely be older adults all over the country that are aware of this problem.
4. My customers will put money and donations into my service because it directly gives back to those in need, particularly those who our society's hands are in. In an effort to help this issue, my customers know that their donations are greatly affecting the lives of these students most importantly and providing them with a better education to set them up for successful futures.
5. The intentions of my business concept/organization are what ultimately sets me apart from the rest. The passion and drive behind this whole organization will show and make it much more attractive to customers wanting to donate and help. Exposing the severity of this problem is part of the campaign. Another thing that sets my organization apart from the others is the concept that every customer will get some form of gratitude for donating, whether that may be a picture of a student with a resource the customer provided, or a thank you letter from a student that received help directly from them.
I believe each of these five elements most definitely work together, and help strengthen my business concept. I like this assignment because it forces me to think of the logistics of this organization and how I can make it the best possible. From my feedback on my first Idea Napkin, I was encouraged to be more in depth with my answers to get a better understanding of the "how". Another piece of feedback I got was to keep in mind the importance of being different and how setting my organization apart from the others is important to be successful, so incorporating more ideas into this element was one thing I tried to focus on.
Thursday, March 19, 2020
17A- Elevator Pitch No.2
Kalie Novosedliak
Professor Pryor
ENT3003- Assignment 17A
March 19 2020
1) https://youtu.be/dYpAXSsRl9o
2) For my second elevator pitch, I rally wanted to take into consideration the feedback I got from my first one in order to improve in the delivery of my pitch. I got very positive feedback from peers in my group in regards to the way I delivered my speech. They said I seemed smooth and and natural and liked my hand motions. This is something I focused on for this elevator pitch and I also was able to talk all off of my head rather than memorizing the majority of it. I though all of their feedback was very useful and insightful and I will most definitely keep it in mind when completing further elevator pitches.
3) Based on the feedback, I didn't change much. I more so wanted to make it feel more natural rather than memorized. I found it much easier to freely talk about my opportunity after looking over feedback and watching my first elevator pitch and looking for things I could do better.
18A- Create a Customer Avatar
Kalie Novosedliak
Professor Pryor
ENT3003- Assignment 18A
March 19 2020
This is my Avatar, Ruth. She is a middle old(70 years old), American woman who has a passion for helping children and an advocate for making sure they all have the opportunity to get an education. Her hobbies include doing yoga, babysitting her grandchildren, and taking her dog on walks at the beach. She drives a black Mercedes Benz. She loves to read and believes it is a crucial aspect of learning especially for young adults as they go throughout elementary, middle and high school. Her favorite books would include The Smartest Kids in The World by Amanda Ripley and Savage Inequalities by Jonathan Kozol. Although she rarely watches TV, when she does she often reaches towards the Food Network Channel, the news, or HGTV. She has one biological young daughter(30 years old) who has a son and a daughter herself. She loves Obama and believes he is the best president of all times.
One thing I have in common with my avatar is our passion to seek equality in the educational opportunities given to students. I do not think this is a coincidence because this is such a widespread problem throughout our society not only nationally but globally and there needs to be a solution to this problem.
Subscribe to:
Posts (Atom)