Week 12 Reading Reflection

Week 12 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? 

I found it very interesting that a majority of new ventures lack of strategic planning. I think out of the five reasons, the perception of high cost seems to be a given. However, I was really surprised that lack of trust and openness was one of the reasons. I would think that trust would be the first thing you would have to focus on to start a new venture. I really think planning is essential to new ventures and that factor is common knownledge, however this chapter says otherwise. 

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

I wish the author had gone into more detail on how to actual implement the matrix model discussed. The explanation was simple to read, but how I could implement was a tad bit confusing to me.

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

If I could ask the author two questions, I would first address whether he believes a venture could ever succeed without a strong planning base. I’m curious if there are ever any circumstances where planning hasn’t been a huge issue. Also, I would ask for his opinion on whether the entrepreneurial or administrative culture has more of a positive effect on a venture’s success.

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

I don’t think there is anything I necessarily disagreed with. However, as I stated, I would have liked better explanation on the analytic part of planning. More real life examples could have helped enhance this chapter.