Thursday, April 4, 2019

23A – Your Venture’s Unfair Advantage

Resources in venture
  1. Companion app
    1. Valuable: allows customers to complete the shipping process before dropping off.
    2. Rare: a phone app is not uncommon in today's market.
    3. Inimitable: the ease of use would be hard to imitate.
    4. Non-substitutable: a kiosk at the delivery centers would allow for similar results but not quite the same.
  2. Customer service
    1. Valuable: guide customers through the process and make sure they get the proper service.
    2. Rare: I find good customer service to be rare recently.
    3. Inimitable: could be imitated through proper training.
    4. Non-substitutable: proper customer service is non-substitutable.
  3. Quick delivery
    1. Valuable: customers would be receiving their food deliveries within the same day-1 business day.
    2. Rare: currently it is very difficult to deliver food because there has not been an infrastructure implemented for such transport.
    3. Inimitable: could not be imitated.
    4. Non-substitutable: quick turn around times are essential for great customer experience.
  4. Delivery Vans
    1. Valuable: refrigerated delivery vans would preserve the food throughout the delivery.
    2. Rare: refrigerated delivery vans are usually used by catering companies.
    3. Inimitable: could be imitated.
    4. Non-substitutable: could possibly be replaced by cooling containers but not as efficient.
  5. Processing system
    1. Valuable: efficient processing systems are key in ensuring customers receive the proper items.
    2. Rare: many processing systems being used by companies are sluggish and clunky
    3. Inimitable: could be imitated.
    4. Non-substitutable: could not be substituted for anything else.
  6. Storage
    1. Valuable: for customers that drop off items at delivery centers after the van has left
    2. Rare: not many companies ship food or store it
    3. Inimitable: could be imitated
    4. Non-substitutable: would provide the customer with peace of mind that can not be substituted
  7. Mobile alerts
    1. Valuable: work alongside app to let customers know when the package has arrived.
    2. Rare: this is currently implemented by pizza delivery companies.
    3. Inimitable: can be imitated by companion app.
    4. Non-substitutable: notify customer even if they don't have push notifications on their phone.
  8. Previous experience in wholesale shipping
    1. Valuable: previous experience with shipping would allow me to ship for very low prices.
    2. Rare: many times shipping is costly for companies
    3. Inimitable: would require experience
    4. Non-substitutable: cheaper deliveries would allow for a lower final cost for the customer.
  9. Custom packaging
    1. Valuable: custom delivery bags for storing the food as well as keeping it temperature controlled.
    2. Rare: not many companies do this.
    3. Inimitable: yes it can be recreated.
    4. Non-substitutable: could be skipped but would be a great addition for the customer.
  10. Advertising
    1. Valuable: on the custom bags, vans, as well as deals through social media that would drive in more customers.
    2. Rare: innovative marketing.
    3. Inimitable: could be imitated.
    4. Non-substitutable: advertising some other way.
Top resource:
Customer service and delivery time because that will provide customers with the most immediate satisfaction.

2 comments:

  1. Hey Christopher,
    I think you did a great job compiling your unfair advantage list! I agree that the customer service and delivery time is your top resource. I think that the quickness of the application is so important. A lot of people out there can be impatient and being quick and easy is a convenient add on that customers would be attracted to.

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  2. Hey there Christopher!
    I agree that your most important resource is the use of your customer service and delivery time. You definitely put a great amount of detail into your unfair advantage, it makes it much easier to figure out your approach to creating your business through your product. Keep it up!

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