Venture's Unfair Advantage (ENT3003 Assignment 23A)

1. Leadership
• Value - Businesses thrive on the backs of those who are leaders not followers.
• Rarity - Not many people have that leadership trait, or better yet, experience.
• Inimitability - Though one can always build their leadership skills, it is a skill that most who possess it are born with.
• Non-substitutability - There is no adequate number of followers that can replace a leader.
2. Experience
• Value - Having experience is usually one of the most important resources to have.
• Rarity - Many people have trouble getting into their desired career field because they lack the required experience.
• Inimitability - Military experience is second to none and not able to be replicated.
• Non-substitutability - While regular work experience is quite valuable in itself, military experience has another level of distinction attached to it.
3. Education
• Value - Education is vital to having a legitimate business as it is much easier when someone has all of the required documentation to support their competency and legality.
• Rarity - Many agents start off without the proper certification.
• Inimitability - This resource is much easier to be possessed, though that it is a very time consuming topic.
• Non-substitutability - There aren't much substitutes for this resource, as specific certifications and degrees are usually required.
4. Human Capital
• Value - To have the necessary knowledge and skills in management is invaluable.
• Rarity - It may not be too rare for those in my age range to have similar wisdom.
• Inimitability - My perspective is what makes  me unique and that is not replicable.
• Non-substitutability - As there may be adequate substitutes, my mix of knowledge may be the best suited for this market.
5. Social Capital
• Value - Connections are always valuable.
• Rarity - The diverse and far-reaching network that I have is not usually seen in my age range.
• Inimitability - My connections are so diverse and versatile that it is nearly impossible to replicate.
• Non-substitutability - Connections can be substituted of course, but again, mine may be more needed for this market.
6. Financial Capital
• Value - Good credit and financial history usually equals success.
• Rarity - It is extremely difficult to maintain a good credit score and not get into debt.
• Inimitability - My financial position can be replicated, though it will most likely take a long period of time.
• Non-substitutability - Substitutes will usually be of less value than where mine is.
7. Marketability
• Value - Getting your brand out there is important to the growth of the business.
• Rarity - Many sports agencies do not market much.
• Inimitability - My marketing plan is very inimitable, but for some reason there isn't much change in the current marketing plans of agencies to get more exposure.
• Non-substitutability - There are certainly substitutes to my plan, however, it may not generate as much interest.
8. Support
• Value - Having both physical and emotional support is important to how fast your network grows.
• Rarity - It is not very rare to get support, as long as you have a solid plan and the necessary resources.
• Inimitability - It is quite easy to imitate the level of support that I have.
• Non-substitutability - There really is no substitute for support, you ether have it or you don't.
9. Versatility
• Value - Being able to handle multiple aspects is very important.
• Rarity - It is not very rare to find someone who is able to multitask.
• Inimitability - It is very easy to replicate the skill of doing multiple things at once.
• Non-substitutability - The alternative is to focus on one thing at a time, and that is not feasible in the fast-paced sports world.
10. Focus
• Value - Focusing on the task at hand, as well as the betterment of the player we're representing is essential to getting quality results.
• Rarity - It is not very rare to do this, yet agencies still have trouble focusing on anyone other than themselves and their agency.
• Inimitability - It is not very difficult to imitate, yet again, the lack of focus on the player has proven to be an issue often.
• Non-substitutability - An alternative, and the norm, has usually been beneficial to only the agency, which is unacceptable.

After conducting my VRIN Analysis for my resources, I have concluded that my social capital is the most important of them all. Since I have been in organizations that build relationships for a lifetime with people of many different walks of life, my network is definitely my greatest resource. The fact that it is only growing too, is what will only strengthen that resource further and in turn even lend aid to the growth of the other resources as well.