Week 2

First, I wanted to apologize for the delayed response. I expected there to be a prompt, but I know “no excuses”. I realize that this will not be the case and in fact I am beginning to appreciate the ability to be creative with the whole concept. Also in response to professor’s post about his responses, the interesting part for entrepreneurship is learning the managing process and its dynamics.

                As I attempted to reflect on the past weeks classes I realized that besides my memory being not quite where I wished it was, is that my lack of reading really will provide me no benefit. In honesty, I wasn’t sure what was supposed to be read and to make an informative thoughtful blog post I needed to prepare much better. Oh well, it’s a growing process.

                Just off of memory, the thing that stuck out to me was what we discussed about horizontal and vertical integration. I think that if I were to make an educated guess the answer to what people are looking for is horizontal organization. After all we want to be known, our ideas to make a difference. Yet with all of this, we settle for the farm system approach. College and our grades determine what firm will be placed in and how high up we are placed. To tell you the truth, I am not sure which one is better for the success of a business or organization or where do we draw the line.  That might be a question that we discuss that I am sure I would find interesting. Personally just sitting here I know there will be a true answer as seems to be the case for many economic, political and abstract policies. It is always about context.

                The part I feel is what I am most interested out of the four frames that we discussed would be the human resource area. I believe that life is really about people and while structure, politics and symbolism have a place. The point of organization is motivating and getting people to do something they are legitimately passionate about and that that idea will drive them even when they might not appreciate the short term task. So my belief that the focus of any organization I run is building a passion and a belief in people. It is probably a bit romantic of a view but why should I strive for anything less? As we discussed in class, professor is an intellectual and so he pursues places and ways to develop what he cares about.  So I guess my idea here is that human resources should be prioritized as the number 1 starting framework.  I also feel like symbolism contributes pretty heavily. What are you conveying? Is it a friendly atmosphere where creativity and innovation are embraced. I probably lay on the opposite spectrum of a good mathematical, theoretical driven economist. I understand the importance of the politics and structure because without some sort of regulation people’s natural tendencies may not be towards the maximum productivity.

I do not feel as though I have much to add to the idea of transaction costs and our Hudson Bay activity.