Assignment 21A - Reading Reflection No. 2


Innovation and Entrepreneurship by Peter F. Drucker

1 Peter Drucker focuses on dividing the ideas of innovation and entrepreneurship into discinct sections of his book. He does this to explain the connection of these ideas to our everyday lives, to our society, and to our economy.

2 I have heard Dr. Pryor mention Drucker in class numerous times. This class is based on many of his findings. His definition for Innovation and the opportunities to exploit it are almost used word for word in this class.

3 If I had to design some sort of exercise related to this book, It would likely be an elevator pitch. The elevator pitch captures the core ideas behind innovation and entrepreneurship. It forces entrepreneurs to find a problem, hypothesize a solution, and practice telling others about their solution. I feel that an elevator pitch is the best exercise to help people learn about this book.

4 I actually found the preface the most interesting part of the book. It was very interesting listening to the breakdown about how new the idea of “teaching” entrepreneurship is. I understand the term because of this class, but I am sure there are many people who have no clue about the actual application of the label “entrepreneur.”

Comments

  1. UnknownJuly 15, 2018 at 9:02 PM

    Tucker:
    I have read throughout my college career on Peter Drucker at various times. I have also seen several books by him on reading lists or similar subjects that I browsed on Amazon. However, I do not recall actually reading one of his books. The way you described what you learned from the book makes me interested. Perhaps I shall add to my list.

    ReplyDelete
  2. KJuly 16, 2018 at 9:33 PM

    This comment has been removed by the author.

    ReplyDelete
  3. KJuly 16, 2018 at 9:34 PM

    Peter Drucker, I just realized, now that you mention it, the name sounds familiar because of Dr, Pryor. This book could help a lot of people who have little to no knowledge of entrepreneurship better understand what it entails. I can honestly say I was one of those people before taking this course, but now I have a better and more correct understanding of entrepreneurship.

    ReplyDelete

Post a Comment

Popular posts from this blog

Assignment 29A - Venture Concept No. 2

Image
    OptiPanel Venture Concept Write-Up          After extensive research, I believe that an opportunity exists to help people obtain a better and more fulfilling sleep each night with only the use of one product. Windows currently let in too much light for people to sleep well. By optimizing this and preventing all light from entering, nightly sleep can be optimized. The people who have this need are aged from 18-30 and are looking to maximize every single part of their lives. These people are often working multiple jobs, or taking more classes than they can handle. They need to squeeze every minute out of their days. These customers shop at budget minded stores because they are focused on getting every little bit they can squeeze our of their paychecks. This opportunity is prevalent across the nation for people this age. People currently use curtains or blinds to cover their windows however these products are inadequate. They let in light during the night time which can affect pe
Read more

Assignment 26A - Celebrating Failure

There have been a number of times this past semester where I have procrastinated my assignments in this class way past where I should have. One time I was travelling back home to see my family for the weekend. Friday, when the assignments were due, was the first day I was able to view them. I noticed we had a reading reflection. Sadly, I had failed to choose a book. I was not able to complete that assignment. This taught me to allocate my time more efficiently. I needed to start working on my assignments earlier in the week so I could make sure my interviews and prior readings are done before I begin. Personally, I have a grudge against failure. I never want to be the center of attention after I fail. It is a feeling that nobody ever wants to feel again. But now I am starting to see the benefits of failure. Each time we fail, we learn a lesson. We can apply this to our future endeavors so we don't fail as much.
Read more

Assignment 25A - What's Next?

Existing market Interview summation - After asking 3 people who are already part of my market, I was told that I should look at other ways to optimize certain parts of people's day. I was told this would be a great way to ensure that my company will be sustainable and will not have only 1 product that it can rely on.         Path for the future - For the current short term, In should focus on starting my company and securing funding to actually produce my product. Then we would start manufacturing and larketing the foam panels until we are profitable. Once I felt that the company was in good hands and in stable condition, I would step back from the company and shift my focus towards a different venture.         I would start to focus on optimizing other parts of people's lives, Instead of just focusing on ways to optimize sleep, I want to find ways to optimize people's daily lives. This company would work on developing products to help with daily optimization. Eventual
Read more