Friday, April 5, 2019

23A – Changeville's Unfair Advantage

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.  
Social CapitalSocial Capital is defined as the networks of relationships among people who live and work in a particular society, enabling that society to function effectively. 
  • NetworkingAs 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. 
Financial CapitalFinancial Capital is defined as any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, i.e. retail, corporate, investment banking, etc. 
  • 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. 
CapabilitiesEntrepreneurial capabilities are best defined as distinct sets of individual and organizational capabilities and skills as well as actions, practices, and routines that aim to explore, integrate, and exploit business opportunities.
  • 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. 
Organizational CultureOrganizational culture is defined as the underlying beliefs, assumptions, values and ways of interacting that contribute to the unique social and psychological environment of an organization.
  • 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. 
Changeville of Gainesville's top resource would be dedication to its' mission and overall objectives. Dedication goes a long way when one is determined to make change happen. I believe that dedication itself will lead to promising results. Change occurs within our lives inexplicably and often times, these changes are unwarranted. It is rather difficult to keep up with negative changes, but it is easily manageable to introduce changes that will influence our society positively. A little effort goes a long way and simply by being dedicated, the change this city needs among its' people will happen. 

2 comments:

  1. Hi Victoria,
    It 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.

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  2. 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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