Question

Describe three types of resources the founders of Airbnb needed most to start the company and explain how they acquired these resources ​

Answer 1

Answer:

The newly formed company must have following three resources as per the world economic forum research that Airbnb must acquire before starting a business:

• Access to Markets
• Human Resource
• Funding Resources

Explanation:

The Access to Markets means you have access to wider customers either through distribution channels or marketing channels. The domestic demand of the product not only supports the company but will also help in developing product differentiation and increased foreign customers.

The Human Capital includes the talented employees that the company would require to solve its evolving problems with great creative ideas. The technical employees plays very important role at the start of the business. The management that manages the business operation are the second most important human resource for the company.

The startup that has Access to Funds can take better decisions because the decision totally differs when you have funds in hand. The reason is that when you have money in hand you will invest in better future and when you don't have money access then you will try to survive which means business growth is not possible without investment. It is the most difficult resource to obtain for a startup.