Reading Reflection - Week 2

1.     The idea that most surprised me when reading Chapter 1: Entrepreneurship: Evolutionary Development- Revolutionary Impact was the myth presented that “Entrepreneurs Are Born, Not Made”. In my mind I have never even considered the idea that anyone could think that entrepreneurship is an innate ability, as the definition of entrepreneurship almost implies that it is something that must be learned through experience.  Some people believe that there must be an innate ability to take risks to be an entrepreneur but I have never seen this to be true.  It is the same ability to take risks that all humans have, however the best entrepreneurs learn to mix this riskiness with unique ideas. 

2.     The most confusing part of the reading for me was the Displacement School of Thought. In my view, this school of thought is based off of the actions of the few, because I believe that working as a group is one of the main keys towards implementing an idea in the real world.  I might be understanding it incorrectly but I don’t believe that displacement factors are the main form of making entrepreneurial ventures. Although I think it increases the number of ventures, it creates ventures that either fail because they are poorly conceived or they don’t grow much because of limitations.

3.     One question I would ask the author is, Is America the best place to start a Gazelle because of the free trade agreements and capitalist economy? Another question I would ask is which approach to entrepreneurship do you find yourself most in line with?

4.     The only thing that I questioned is the Entrepreneurial Revolution the author mentions.  I don’t believe that entrepreneurship will be any more important than it has always been, but as technology increases, it will be easier to document any sort of entrepreneurial ventures.  The population of the earth is growing as a whole, but I do not think that entrepreneurship is growing in percentage, rather that it is changing form.