Week 12 Reading Reflection

1) What stood out to me the most in this reading was the lack of strategic planning section. This section really helped me learn about the different ways entrepreneurs think and how that type of thinking limits their ability to strategically plan. Strategically planning is a key factor in starting up a business and business owners must plan for the future in order to keep their business afloat.

2) The Entrepreneurial Strategy Matrix Model was confusing to me from the reading. The concept of low-innovation and high-risk to me makes sense but I do not see why anyone would attempt to have low innovation or would want to invest in that.

3) What is the number 1 cause for lack of strategic planning?

    What can business owners do to successfully strategic plan?

    How can an owner or investors know if a business is growing?

4) The only thing confusing from the reading that I disagree with would be the matrix that I discussed earlier in this post.