Week 12
Reading Reflection
Strategic
Entrepreneurial Growth
1.
Surprising – I found it very interesting that
businesses use SWOT analysis on a regular basis. It is a theory that I have
heard of before outside of a business setting. I like how this glorified
version of a pro/con list can help companies make huge but logical decisions.
2.
Confusing – Kuratko mentions that many new
business ventures lack adequate planning. I found this odd because I am an
extreme planner. I would never invest in an idea that had not covered all the
bases and been checked out by mentors or advisors of mine. However, he says
that a lot of ventures fail due to time scarcity, lack of knowledge, lack of
skills, lack of trust, and perception of high planning cost.
3.
Questions – I would ask Kuratko, “Why is it hard
for businesses to implement the strategy once they have taken the time to plan
it out?” I would also be interested to know, “How does a business successfully establish
strategic positionings in the real world?”
4.
Incorrect – As I previously did not know very
much about Entrepreneurial growth or the strategy behind it, I did not see
anything in this reading that came across as incorrect. However, if there was
one thing that I would seek more information on, it would be about life cycle
stages. I’m curious to know what they look like when they don’t fit the
typical, traditional cycle.
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