Week 12 Reflections

In Chapter 13, for this week’s readings, I was intrigued with the focus on how many ventures may not be as successful without proper planning. I found that planning is a necessity and the time spent one moment truly does save one from many hiccups along the way of any venture. I did not quite understand what the author was meaning by “moral failure”. Does moral failure mean that there is lack of trust between the entrepreneur’s vision and their trust in their team’s ability to carry out the vision? Also, another question I had was, is it possible for the venture’s typical life cycle to follow that of the economic business cycle? I did not find anything necessarily wrong with the author’s view points in the readings. I did, however, wonder why he used the term “managerial leadership”. From my experiences, many managers do not possess the leadership qualities it takes to be entrepreneurial. What I mean is, a manager does what they are told and reacts to the environment versus an entrepreneur who is consistently seeking out new ways of doing things and always trying to figure out how to adjust to a situation before it happens.