1.
In Innovation and Entrepreneurship by Peter
Drucker, Drucker explained the importance of both – innovation and entrepreneurship.
In order to become a successful entrepreneur, you must be able to adapt to
different situations while also learning along the way. Knowledge is power.
This success isn’t learned overnight, it takes experience and determination.
Drucker explains how this also positively impacts the economy, not just people.
2.
I believe this book did support everything I was
taught in ENT 3003, because both have provided me with substantial information
in order to be a successful entrepreneur. Both were also similar in the fact
that they mentioned success takes work. Many of the entrepreneurs I interviewed
because of this class also stressed the importance of failure and how you use
it to grow.
3.
If I had to create an exercise based on
Innovation and Entrepreneurship, I would create something similar to a
worksheet and/or simulation which emphasizes failures. Where you’re given a
scenario, and then a roadblock where you must decide how to move forward with
the business. This will have students think of different plans and ways to
overcome obstacles they could possibly face. You will never be prepared for
each obstacle, but you can control how you react to different situations by
holding your composure and remaining calm.
4.
My biggest surprise moment from this book was
how well the book was written. You can feel the inspiration and passion Drucker
had for entrepreneurship. He actually provided information that I feel I can
utilize in my everyday and future life.
Hi Jessica,
ReplyDeleteThis seems like a very interesting and helpful book! It sounds like Drucker really understood what it takes to be successful as an entrepreneur. I was surprised to hear this because I had learned about his work on management theory in another class, and I don’t really think of management and entrepreneurship as extremely similar. I really like your idea for a class exercise, as dealing with setbacks is inevitable both in life and in entrepreneurship.
Hi Jessica,
ReplyDeleteGreat job on this post. Adaptability is always talked about in entrepreneurship books, and so is that success takes time. I liked what you noted about failure too. Failure is good, because if you never fail, you never did anything. Mistakes come with the territory of doing something different. A great book on this is "Sometimes you win, sometimes you lose" by John Maxwell.