Entrepreneurship And Innovation Block: Course Analysis

During the Entrepreneurship and Innovation block course we were exposed to a number of the different strands that make up entrepreneurship, including psychology, opportunity and risk. The entrepreneur presentations, provided real world examples of the many different ways in which these strands have been successfully aggregated and used. The stories were amazing and I don’t really know how one could place a value on the personal growth taken from these as I felt fortunate to have been offered these insights. When I reflect back on the presentations, it confirms my thoughts as stated in Part 1 ‘am I an entrepreneur” as found in Appendix one, that concluded that I’m not a natural entrepreneur, but have many traits that align with those of an entrepreneur. My thinking and that of the entrepreneur are similar, opportunities for the growth or accumulation of capital are quickly recognised, pursued, seized and exploited. The only difference is that they pursue the opportunity for their own gain, where I pursue it to improve the bottom line for my employer. Another way of looking at it, is …show more content…
Obviously in some cases they have no data or history to call on so have no choice but to make instinctive decisions: this is the case when they are pursuing “Blue Ocean”(Kim & Mauborgne, 2005) type ventures. Where, as a manager, most of my decisions are measured, well informed and rational, made from analysing historic data or patterns to predict the future. My approach is a risk adverse, slower process, which is the opposite of the entrepreneur, where success is all about speed and perseverance. The comment “ready, fire, aim” taken from Anaru (Ru) Tauri’s presentation reinforced this point, alluding to the fact that entrepreneurs act quickly to secure the opportunity and then worry about the details of getting the business to