ENTR200 Lecture Notes - Lecture 2: Ambidexterity
Document Summary
Why passion, determination, and vision can lead to failure: passion can quickly become dogmatism. You deprive your venture of being able to grow into something better: determination can become commitment to a failing course of action. If you"re forcing these things to happen, you"re missing out on things that should be happening: vision can lead one down a dead-end road. Positive passion - to understand customer"s needs. Vision for possibilities that can lead to success. All too often, entr"s fall in love with their product or technology, they ignore negative feedback from customers, and they spend years building a product based on vision that no one else shares . Effectual entrepreneurship effectual vs. predictive pred- puzzle piece. Pred. thinking is excellent at predicting a correlation between two variables. Very useful at helping people anaylize cause and effect relationships. effectual - quilts. dont know what to expect, what the end goal is, who is going to join you, etc.
