One thing that really surprised me in this reading is the
way that entrepreneurship is considered separate from business. Before starting
this class, I assumed that every businessperson was an entrepreneur. The book
says that entrepreneurship “consists in doing things that are not generally
done in the ordinary course of business routine.” Entrepreneurs are the people who
are willing to take on risks in business while others play it safe. They come
up with new and creative ideas while others follow the norm. After reading this
text, I realized that there is a huge distinction.
In this reading, I was confused by the Macro and Micro views
of entrepreneurship. Once being taught the definition of the word, it is hard
to break the concept down into two parts. I found out that both of these
methods are used to cover all the bases when it comes to entrepreneurship. I
struggled to understand why a person would prefer one method over another and
wasn’t sure why one could not follow both schools of thought.
If I could ask the author a question, I would want to know,
what are the benefits of having two different approaches to entrepreneurship? I
personally feel that every person has their own individual method to coming up
with ideas, not just simply through the integrative approach and dynamic states
approach. Why are these two methods the only ones highlighted?
Another question I would want to ask is, how are Gazelles so
popular? How do they possess the ability to create more product innovation than
large firms? And what determines how long they are able to stay afloat before
they reach their supposed inevitable death? If they could last longer than they
do, they would easily be able to dominate markets.
The books says that “entrepreneurs will continue to be the
answer to any economic downturn, and they will continue to lead economic growth”
in many ways. While I believe it is true that entrepreneurs can help economic
downturn, I also believe that there are other methods of turning things around
as well. They may be a big part of the picture, but everyday people who do not
consider themselves to be entrepreneurs can also play a role is economic
recovery.
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