Human Capital
Human Capital is defined as the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. There is much human capital within the development of Changeville of Gainesville.
- Experience: Though I may not have experience organizing a non-profit organization, I have lived experience of being among those of a lesser demographic who require assistance. Having experience is non-substitutable.
- Knowledge: I have knowledge of what nonprofit organizations do for people, having been one of those families. Having knowledge is imitable.
- Networking: As we have learned earlier this year in ENT3003, networking is essential to starting a business or nonprofit organization. By having connections to skilled individuals, one can expand their social capital and their business idea. There would be much value in networking.
- Economic resource: Since Changeville is a nonprofit organization, it is unlikely for this organization to have a definitive financial capital in place. Lack of financial capital in businesses and organizations would be considered rare.
- Capabilities: Our actions to alleviate burden on families in need would involve collaborating with food trucks, fundraising for household necessities and placement of routines in our actions. We can host food drives every other week, provide essential items on a biweekly basis, etc. This would be imitable and could take place among other nonprofit organizations as well.
- Beliefs: We believe that everyone has a fighting chance at being able to sustain themselves. By providing assistance at times of need, people will be able to get back on their feet and support themselves in due time. Having beliefs can be viewed as imitable.
- Assumptions: Changeville assumes that their services are of use within the city of Gainesville. We believe that we can make a change. Assumptions can be viewed as imitable.
- Values: We value humanity. We value the lives of those who are often underrepresented. We are understanding of struggling and how difficult it can be to put oneself together again. We are here for you and your success is our mission.
Hi Victoria,
ReplyDeleteIt is true that you might not have experience in running or developing a non-profit organization, but what would make you successful more than anyone else is “passion”. You care about his cause because you care about people who need help and you know exactly what is means to them. That is your biggest advantage and I hope this business idea is your success.
Hey Vic, great post! I see your idea has flourished and has become an excellent project that you could utilize for your future. I enjoyed reading the post, and seeing how you value your strong suits.
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