Friday, April 10, 2020

23A - Your Venture's Unfair Advantage


1.     Location:
The area targeted for the product/service is Gainesville, which has been impacted by an order of no plastic straws at any restaurant.  This is a unique situation since I am just targeting to this market at the moment for the product and the ban having occurred recently.  I think through targeting just this location at first will produce a better outcome, which will hopefully lead to a lot of other cities doing the same.

2.     Network – eco-friendly companies:
Through providing packages of both paper and eco-friendly straws sold together, partnering with these local restaurants in the Gainesville area will hopefully inspire others to do the same. 

3.     Personal Connection/Leadership skills:
These two skills are very important and valuable in creating a business particularly in connecting with the restaurants to switch options.  It can’t be substituted. 

4.     Creative skills for content:
Being creative in not only design but packaging, labeling and selling is important too.  Creativity is different in a lot of aspects and a lot of creative content is different, therefore it is not substitutable. 

5.     Written skills:
Written skills is something that is very valuable to operating any business to explain the product and company thoroughly.  It cannot be substituted because it would be original work. 


6.     Marketing Skills:
Marketing is valuable here because offering a combination package of eco-friendly plastic and paper straws, to my knowledge and research, has not been done.   Spreading the word about it is important and necessary.  It could be substitutable in doing research and seeking advice from outside sources in this field.

7.     Working Hard:
This is valuable because providing the right resources for the customers and meeting their expectations is key. It takes a lot of effort to attain a hard-working environment. 


8.     Timeliness:
Timelines is valuable because of the recent occurrence of the ban.  Acting in a fast-efficient way is crucial. This is non-substitutable. 

9.     Problem-solving skills:
This type of skill is valuable, but it changes between different types of people that encompass different strengths. It is not substitutable.

10.  Uniqueness of product/service:
Being set apart from other products is valuable and what makes the product/service unique.  Since there might be some resources out there that provide similar products, this substitutable.


My top resource is location because of the recent ban of where I am, this product/service will benefit those affected by it.  Restaurants will be more willing to purchase the product because of the what they would be providing to the customer would be satisfaction. 

1 comment:

  1. Hey Kayla, I like how clear and easy to follow you list was. I like how you included the timing of the situation in you list, I did something similar as well. Especially when dealing with innovations that are related to trying to address our environmental concerns, I think timing is crucial because there wasn't all this hype about environment innovations 50 years ago.

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