1. Human Capital- This one is crucial because you can hire anyone to do a specific task but you can not take away their knowledge and how they use it.
2. Social Capital- By knowing people in the industry it does help tremendously because then your networking skills will grow and it will make you more successful.
3. Financial Capital- Having the capital behind you can aid you in success but as we learned you do not always need much money or investments to back you up.
4. Capabilities- in order to have something so successful you need to have your standards and your goals on accomplishing them in order. When that is completed one can do very well.
5. Human Resources- With working with many people it is very important to have a team that also works well together.
6. Research and development- While staying current one needs to still be with times and see what is going on in the world with the technology and the development in the area.
7. Patience- This is big since some things do not always fall into place so you have to be prepared to have anything thrown your way.
8. Adapting to change- Many people do not like to change but as the world changes so does the company.
9. Teamwork- In this industry you need to focus on each other because when you work on a project or a task as a team it gets done faster and is more effective in the work place.
10. Gaining Share- Most companies do not want their employees to have share or say in their business but by giving incentives to employees, it makes them want to work at the firm.
** the most important one to me is human capital because you need to have the right people to successfully execute a task.
Hey Janan!
ReplyDeleteI really enjoyed reading your top ten qualities the only thing I would do a little differently is to add a little more information like what or use an example. I liked how you considered Patience just because many people think things are going to have in the time frame they are hoping. Keep up the good work!
Hi Janan! This is a solid list of resources for a venture to have, but I would've liked to see you get specific to your venture and your capabilities. Who in your social network composes your social capital? What qualities do you have that compose your human capital? I think this will help you realize your venture's strengths and weaknesses!
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