Week 12 Reading Reflection

Welcome to week 12's reading reflection!

Today we're taking a look at Donald Kuratko's book, Enrepreneurship: Theory, Process, Practice, Chapter 13 (Strategic Entrepreneurial Growth).

The most fascinating and surprising part of the reading for this week was the venture development chart. I found it to be fascinating because it was so concise and simple-- where was this chart earlier in Kuratko's textbook?

Something that I found confusing in Kuratko's textbook was the "growth wall" that he describes on page 436. I think more explanation would be helpful to readers here; again, examples would be great here!

1) What is your advice on delegating? I completely agree that an entrepreneur cannot run a business by him or herself and must "break away from the natural tendency to do everything," but I was wondering how you would choose people to make decisions-- seniority, expertise?
2)Why do you think that competitive conditions favor risk taking? I am asking this out of pure curiosity. Shouldn't high risk behavior be minimized for the sake of your business' health?

Again, I don't necessarily "disagree" with Kuratko because I am not an economics major and I have little basis or experience for entrepreneurship; however, I do not think that Kuratko's book is necessarily the best for a newcomer to entrepreneurship.