The thing that surprised to me the most in this chapter was the story in incongruities. What surprised me is how Fred smith was the first person to ever come up with the idea of over night delivery, and how the government had never thought of this.
One thing confusing to me was the incubation process. I did not really understand this concept in its entirety and would it need it explained to me further.
A question I would ask the author is what his favorite concept of identifying opportunities is. There are plenty of these concepts and knowing which one the author thinks works the best would be interesting.
There is nothing I disagree with in my readings.
Sunday, January 31, 2016
Customers Interviews No. 1
What I learned about this opportunity is that it has the potential to actually be an implementable service for a product that people prefer to have when they are at the gym. No one really likes working out without music and would be willing to throw a couple of dollars to avoid the dullness of working out in silence.
What I learned about interviewing customers is that it can be a tad awkward at first. It is especially awkward interviewing strangers, and possibly interrupting their leisure time. However a found that it is a great way to get genuine feedback and a product or idea.
Wednesday, January 27, 2016
Top 5 World Problems
11. War
a.
War is by far the oldest problem the earth
faces. While it is important to have a
strong military and national defense, war still devastates individuals and can
impact any nation in a negative way.
b.
This is the number one problem in the world I
believe, because it is the oldest problem and has been the biggest impact on
the earth as a whole. War devastates
entire nations and funding these wars negatively impacts the economy of the
nations of those involved and those who are helping out their allies.
22. Terrorism
a.
Terrorism is a major issue because it happens on
all different scales. There is international terrorism, such as ISIS, that
knocks out hundreds of people per attack and devastate many areas and
families. There are also smaller forms
of terrorism such as domestic terrorism.
This effects usually smaller amounts of people but still is a serious
issue that needs to be handled better.
b.
Terrorism is the 2nd biggest problem,
because like war, it can still devastate nations and take a large amount of innocent
lives. Although terrorism does this on a
slightly smaller scale than war, it is still a major issue, and is in fact a
major cause of war.
33. Poverty
a.
Approximately 50% of the world population is
living off of less than $2.50 per day.
Poverty also leads to other major world issues such as hunger, and death
caused by preventable illnesses due to the inability to afford care.
b.
This problem is ranked 3rd in my
opinion, because such a large amount of people all over the globe are affected
by it. Poverty is also a big part of the
problem of medical issues and not being able to afford proper care for
treatable illnesses. Poverty does not
effect the entire globe as much as war and terrorism do in my opinion, in this
current time period.
44. Medical Issues
a.
Medical problems such as non-communicable
diseases are the cause of approximately two-thirds of the global population
each year. Other medical problems such
as physical and mental handicaps, mental illness, and other chronic health
problems are a major issue that many people have to deal with through out their
whole life. The lack of treatment for
all of the above in third world countries is also a very big issue that causes
those with treatable illness to lose their lives.
b.
Medical issues is 4th because all
though it is still a major problem in the world, it does not affect as many
people as my first 3. Many people can
receive the proper care for medical problems, but there still is a major
portion of the global population who suffer from various conditions that are
unable to have them treated.
55. Species extinction
a.
Species that we use as food and resources are
becoming extinct. This limits the amount
of resources on earth that we as humans need to survive.
b.
Although this problem has the potential to one
day be the biggest problem the earth faces, it is currently not at the point to
where the world is suffering from the extinction of species. This is a problem that could be prevented
from developing into a worse problem in the future, and I believe that problems
that are immediately affecting the world should be addressed first.
11. Medical Issues
a.
A practical solution to this would be more
funding for research and development of medicine. Also, the possibility of
exporting medical professionals to other countries to help those countries that
do not have much medical assistance.
b.
This solution could be implemented the best
because we already have the resources to achieve it. There are plenty of citizens all over the
globe in prospering countries that are qualified professionals in medicine whom
are currently unemployed. These medical
professionals could be outsourced to 3rd world countries who do not
have proper medical care, given the proper equipment.
22.
Poverty
a.
Poverty could be practically resolved by
increasing available jobs, and increasing the economy.
b.
This solution is the 2nd most likely
to be implemented because it involves just making adjustments to the
economy. While fixing the economy is not
an easy task, it is a more practical solution then the bottom 3, and could be
relatively achievable if the right person for the job ever finds themselves
leading the nation.
33.
Species extinction
a.
Species extinction could be cut down by using
fewer resources for things non-essential to survival.
b.
This solution falls right in the middle because
it is a very simple adjustment to society, but not one we as humans would be
willing to accustom to. We have grown
used to having all these resources readily available to us, and the economy has
benefited greatly from things such as paper from trees, making clothing from
animal fur and skin, and many more. However, if we continue to use resources
for things of leisure as opposed to using them for survival, the world could
find itself completely dry of the things we need in order to live.
44.
Terrorism
a.
A practical solution to terrorism would be to
stop funding countries who are responsible for terrorism, and to resolve issues
with countries who are primarily responsible for it.
b.
This is the 2nd hardest solution to
implement, because it requires a lot changes as well as making amends with
countries whom we are enemies with.
While people may believe things like gun control may decrease domestic
terrorism, this is un likely to happen as there are many citizens who own guns
and use them properly that are unwilling to give them up. Terroristic acts from foreign countries are
also at times part of religious practices.
In order to limit this, these religious practices would have to proven
ineffective to those involved, which is near impossible.
55.
War
a.
War could be practically resolved by reducing
terrorism, as well as decreasing debts to other countries.
b.
War is the hardest solution to solve because in
order to solve it, it requires solving other non-probable issues first such as terrorism.
On top of this, there will be always be
differences and disputes between nations. It is human nature. A country will always owe another country
something, and countries will always disagree with another country or have an
issue with them, which will result in war.
I believe war cannot be resolved until the majority of the world’s problems
are solved first.
Sunday, January 24, 2016
Week 3 Reading reflection
1) What was the biggest surprise for you in the reading? In other words,
what did you read that stood out the most as different from your
expectations?
a. The biggest thing that surprised me was the entrepreuner mindset. I found it interesting and suprising how much
you can change in your life just by your mindset.
2) Identify at least one part of the reading that was confusing to you.
a. A part that confused me was the Need for Corproate Entrepreneuing. This concept
was very hard to understand to me and was difficult to wrap my head around it.
3) If you were
able to ask two questions to the author, what would you ask? Why? I Could
not think of any questions to ask the author
4) Was there anything you think the author was wrong about? Where do you
disagree with what she or he said? How?
I do not disagree with anything the author said
Identifying Local Opportunities
Are prescription medicines the new oil?
Prescription drug prices are currently on a high increase.
The increase in these prices is due to the increasing demand for various
prescription drugs. The argument is that
these prices are needed in order to develop to new treatments.
The problem in this story is the high increase in prices for
prescriptions.
Those who have the problem are those who are dependent on
prescription drugs, as it causes them to spend more money.
Smell of marijuana leads Feds to a drug-distribution ring
Three men were found in a police raid on Jan 6th
linked to several drug cases. One man
was a federal fugitive with a warrant for his arrest. These individuals all had other past cases
and could spend life in prison
The problem in this article is that marijuana is still
illegal.
Those affected in the article are the fugitives facing life
in prison for something that grows out of the ground.
Florida leads U.S. in new HIV cases after years of cuts in
public health
Florida is leading the nation in new HIV infections. Florida spends a record $34 million on HIV
and Aids this year. Last year there was
6,240 cases
The problem here is that AIDS is becoming a major problem in
the state of Florida
Those affected are those who have contracted aids, and those
who participate in risky sexual behavior.
Miami-Dade prison inmate death in shower ruled accidental,
sources say
A mentally ill inmate was thrown into a shower at Dade
correction Institute and later died. The
ruling was that this was accidental, and no death was intended. He died from
over heating. The autopsy showed that
there was no intention of causing death, despite him being held up in the
shower for two hours.
The problem here is the flawed prison system in the U.S. and
that those within the system are protected from being punished for harming
criminals.
Those affected were the man who died, and those who can be
affected are the millions of inmates with the potential to be harmed in the
same manner.
Study fins African-American children have low Hodgkin lymphoma
survival rates in the U.S.
A new study on pediatric Hodgkin lymphoma shows that African
American children and teenagers diagnosed have a much lower chance of living
compared to Hispanics. Lymphoma cancer
is where white blood cells in the immune system grow abnormally. It Is the third most diagnosed cancer in
children and teens.
The problem here is the high rate of death in African American
youth diagnosed with Hodgkin lymphoma.
Those affected are the African American teenagers diagnosed
with this illness.
Friday, January 22, 2016
Very Short Interview No. 1
The person I interviewed is my friend’s father who started his
own irrigation business right out of high school. What makes him an entrepreneur is that he
found a way to utilize a service that many Americans need and figured out a way
to make a successful living off of it by starting his own company in this
field. On top of this, he is the owner
and the only boss of his company and saw that it would be better to work for his
self as opposed to getting a job with another company.
·
What does it mean to be an entrepreneur?
o "It means that I have built my path. I never had anyone tell me to
work or how to work because I know what I had to do to become successful and I
did it. That is the most rewarding part of being an entrepreneur. The fact that
I made it by myself. I make my own rules and guidelines as I go. When I make a
mistake no one tells me how to fix it. I have to figure out how to fix it. It's
called being self-reliant."
·
What do you think I should learn in an entrepreneurship course?
o "You should learn in an entrepreneur class that if you want something
to happen in life you have to make it happen. No one is going to be there
forever to guide you except yourself, which is why you have to go out and get
it. Never let a failure bring you down. Never give up and turn every negative
into a positive."
·
What do you wish you had been taught in school before setting
out on your own path as an entrepreneur?
o " I wish I had taught that it's who you are that makes you, not a
college degree. A college degree is a great thing... But it is a commodity. It
simply adds to your resume. I wish I had taught that the most important thing
in life is to keep learning. You are your own greatest teacher. The day you
stop learning is the day you die."
I learned a lot from this interview about being
self-dependent and figuring out what it takes to make your business start and
take off. I learned to always persevere
and that the drive is what makes the entrepreneur successful. What surprised me
the most is how he became successful without a college degree, and does not
find one necessary. While I believe it
is possible to be successful without a college degree, I personally think it is
important to learn as many things as possible in college to even further help
you become an entrepreneur in the future, and that it will give you an
advantage compared to those who did not attend college.
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