Innovation and Entrepreneurship
Peter Drucker
1) The theme of this book was very similar to the theme of
this class. It was all about what entrepreneurship, innovation and what each of
those things are. The book was written in 1985 but many of the principles still
apply today. This book also speaks to implementing successful entrepreneurial strategies.
2) This book connected on almost every level to ENT 3003
except maybe even a little more in depth. A main topic in this book that
related to our class was that entrepreneurship is not a trait but rather
finding a problem, and creating a solution that changes the problem to an
opportunity. This hits ENT 3003 on the head. We have spent our entire semester
so far taking those steps as they apply to our own problem. A couple other
things mentioned in the book that made me immediately this of our course was
little things like innovation needing to be simple and focused and that you
cannot fix too many things at once.
3) I struggled with this question because the book is so
similar to our course, and our assignments have been so well planned that it is
hard to see what was missing. One thing I found interesting in the book is the
mention of small business not being entrepreneurship. A group of assignments I would
create for the beginning of the semester are ones that would involve creating a
small business. The reason for this is because being wrong is a great way to
learn. Being a great entrepreneur is much different than just creating a
business and it seems important to me to be able to know and feel the
difference because it involves different levels of thinking.
4) One thing that was a real ‘aha’ moment for me was the
view on innovation. Most importantly that innovation needs to be for the
present rather than the future. Of course if it is successful it can leak into
the future but that is not the purpose. This really got me thinking because you
cannot predict the future. Also you cannot fix a problem before it occurs. I
found it fascinating mostly because it is just so true. I watch the TV show
Shark Tank all the time and see people get turned away because they are trying
to sell the idea of the “future” but there is too many unknown factors. Now I see
why more often those who have a solution to a current issue are more successful
in the tank.
Hey Ryan, i agree its not a trait. I think we all have that need to find solutions to problems, except entrepreneurs have a drive to fix that problem for as many people. Since starting this class I have become much more aware of existing problems that we have to deal with in our daily life, and definitely have the urge to find a solution to them .
ReplyDeleteWhen I think about innovation, I also usually think about it in a future sense. I am not sure why I do because it makes more sense for innovation to be focused on the present like you said. The book sounds like it really does go hand-in-hand with what we learn in the class and it is surprising to hear that it is from 1985 and still very relevant.
ReplyDeleteHey Ryan, I really liked your post and that book sounds exactly like this course. This course has caused me not to be satisfied with everything and too always think if there could be an easier simpler way. Great job with this post man you were very through and put a lot of thought into it.
ReplyDelete