Week 12 Reading Reflection

This week’s reading was about the strategic growth in Entrepreneurship. One major theme discussed is that this process is obviously new for all young companies have a first time at going through it and because of its complexity and the inexperience there is a lot of ways in which this can go wrong and important it is to be strategic and visionary along the way. The author lists misunderstanding industry attractiveness, pursuing unattainable competitive competitive position and failure to communicate the venture’s strategy to employees as few of the fatal visions to in growing a company. On the other hand a successfully growing venture is able to handle community pressures, learn continuously, manage time and plan well. There was distinctions drawn between an entrepreneurial style of leading versus managerial style.