Friday, November 10, 2017

23A- Your Venture's Unfair Advantage

Industry Experience
V- I will better understand how the hotel business works
R- The hospitality industry is fairly large, so this experience isn’t exactly rare
I-This is difficult to imitate
N- This resource is non-substitutable

Adaptability
V- Very valuable
R- Not so rare
I-Can not be imitated
N-Non-substitutable

A willing team
V- Extremely valuable
R- Slightly rare
I-Can not be imitated
N-Non-substitutable

Expert assistance
V-Extremely valuable
R- Fairly rare
I-Can not be imitated
N-Non-substitutable

Hotel Opening Experience
V- Extremely valuable
R- Not too rare
I-Can not be imitated
N-Non-substitutable

Advertising Experience
V-Extremely valuable
R-Slightly rare
I-Can be imitated with dedication to learning
N-Non-substitutable

Marketing Experience
V-Extremely valuable
R-Slightly rare
I-Can be imitated with dedication to learning
N-Non-substitutable

Innovative
V-Extremely valuable
R-Slightly rare
I-Not easily imitated
N-Non-substitutable

Positive
V-Extremely valuable
R-Slightly rare
I-Not easily imitated
N-Slightly substitutable

Tenacious
V-Extremely valuable
R-Pretty Rare
I-Can be imitated with dedication
N-Not very substitutable


I think my top resources are my industry experience and my positivity. I believe these traits and resources will take me very far in the hospitality industry.

2 comments:

  1. Erika,

    Very well done on the post this week! I like your ten resources related to your self. Your industry experience and positivity are something special and irreplaceable resources. Valuable experience is the foundation of success in business, and positivity is the necessary attitude for doing everything. Therefore, I also believe you can make it in the future. Great work overall!

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  2. Great job with this post Erika! I think you chose really good resources. Each of the resources you mentioned are all crucial components to a successful business. I think the fact that you have experience in the industry is truly something that sets you apart from the competition. Positivity is certainly not something that could hurt you in the business world so I think having that will serve you well. Looking forward to seeing more from you!

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