Sunday, January 17, 2016

Week 2: Reading Reflection (Chapter 1)

1). The biggest surprise for me was the myth that entrepreneurs were extreme risk-takers. Although many of the other myths seemed obvious, public perception had swayed my judgment on this particular concept. This is most different from my expectations because the textbook mentions that entrepreneurs often take “a moderate or calculated risk”. I, like many others, always thought of entrepreneurs as taking a major risk when deciding to go out on their own.

2). The most confusing part of the chapter would have to be the Displacement School of Thought. I have a hard time wrapping my head around the idea that people would pursue their own goals after being beaten down or feeling out of place. I think that this would lead to a lower self-esteem, so I think that this concept is somewhat of a stretch. I understand how it works in theory, I just think it would be confusing in the real world because it would be much more complicated.

3). My first question would be why did you arrange the chapters in the order you did? I think understanding the process behind ones method would give the reader a unique perspective of what he wanted the audience to learn. My second question would be who is your entrepreneurial hero and why? Finding out who he admires within his own field would help to see the types of things he aspires to be. I think it would be a fun question to get more of a sense of the author’s personality.


4). As I mentioned before, I slightly disagree with putting the theories into practice. I think they can be sources of motivation, but I do not think that any one person’s road to becoming an entrepreneur follows a set path. I think they are a unique way to look at it and are based in some truth for some people, but I do not thnk all theories are applicable even in the contexts described. These schools of thought are simply a way to emphasize different parts in the process.

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