Sunday, January 17, 2016

Week 2 Reading Reflection

The biggest thing that stood out to me in the reading was the argument the author made explaining the differences between a small business owners and an entrepreneur. He argues that although sometimes small business owners and entrepreneurs do intertwine, they usually are different. Small business are not dominant in their market fields and "prefer a more stable and less aggressive approach"(3) while entrepreneurs "objectives are innovation, profitability and growth"(3).  The hardest part for me to understand was the environmental school of thought, the financial/capital school of thought, and the displacement school of thought. When you hear the word school you think of an actual institution and at first I didn't understand the point that was trying to be made. I took of Theory of Knowledge class that talks about schools of reason and perception. those were actual institutions though. I'm curious to see as to what the author thinks the best approach to entrepreneurship is. Right away we see there is a variety of factors involved and different approaches to thinking. I would also ask the author what he thinks of the idea of privilege as being considered a factor of entrepreneurship. He talks about dynamic processes and how we can study cases, he describes where finances come in but I believe the idea of privilege is very relevant when discussing entrepreneurship. One area where I would disagree slightly is the Myth 2: Entrepreneurs are born, not made. Although I agree that someone can be shaped into becoming an entrepreneur it not the same as someone who has an innate passion and ability for it. Creativity is something that in my opinion is innate. I believe that entrepreneurship is sparked from the creativity of oneself and it's not something that can be taught.  

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