Week 2 Reading Reflection

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?

 The biggest surprise for me in the reading was the important role that entrepreneurs play in the economy causing it to grow. I did not expect entrepreneurship as something so vital to the very fabric of global economic stability and advancement. Beforehand, I believed the entrepreneur was a loner in the economic sense, who only helps themselves and everyone associated with them as opposed with the community at large.

2) Identify at least one part of the reading that was confusing to you.

The one part of the reading that was confusing was the various definitions for the same term, entrepreneur, as there are so many different aspects to be explored for the term. One aspect was a job creator while another was a person that had to deal with the intricacies of an economy. The further I got into the chapter, the more difficult it became to comprehend the comprehensive definition.  

3) If you were able to ask two questions to the author, what would you ask? Why?

What prompted you to write an entire book on the subject of entrepreneurship? It is always interesting to see someone’s motivation behind doing something as lessons imparted differ on the person’s viewpoint.

Has there been a case where a company that should have failed, for not adopting innovation? I ask because if there is the case of a company surviving without adaptation then, it would mean either the free market doesn’t work or there is another factor at work aside from the invisible hand of the free market.

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

I think the author was wrong on one count of saying that certain people are born with entrepreneurial talents. There have been cases where people with little education have created successful companies and ventures with only their wits and talents. Very little was learned by these people in terms of entrepreneurship to make their companies successful.