Biggest surprise/Stood out:
The biggest surprise that I found in Chapter 1 was "Myth 9: Most Entrepreneurial Initiatives Fail". I had always believed that most entrepreneurial initiatives did, in fact, fail, so it was refreshing to find out that that's a myth. I think the part that stood out to me the most was the study done in 1993 about companies that were founded in 1977. The study showed that more than 50% of the companies were still surviving and out of the 50% that weren't in business, "only 18 percent actually 'failed' in the sense of leaving behind outstanding liabilities"(Kuratko, 7).
Confusing:
I don't really understand why the author says that no gazelles survive. Can't there be companies that do incredibly well and adapt to the changing world and consumer needs around them? And even if a company is eventually bought by another company, isn't it still considered a survivor?
Two questions:
Does Kuratko think that there is one entrepreneurial school of thought that is going to be the most prevalent and successful in the near future?
Do you argue for or against a formal education prior to starting one's entrepreneurial venture? Why?
Wrong about:
If I had to disagree with any part of the reading, it would have to be the following statement: "Americans are relatively alert to unexploited economic opportunity and have a relatively low
fear of failure". I believe that my generation is very wary of taking big financial risks and many of us will end up sticking to traditional career paths. I think this is mostly because of the financial crisis that we experienced.
No comments:
Post a Comment