Week 12 reading reflection

1.)   The biggest surprise for me is the amount of companies that failed had for the most part done so because of a lack of planning. It seems natural that a company would spend a great deal of time planning out their venture.

2.)   One thing that confused me a bit was the strategic approach analysis. It seems rather complicated and maybe difficult to figure out which approach would best suit a venture without a failure to prove it.

3.)   Question 1: For a new venture what is the best approach for developing a strategy if the company is only one-two start up people? Question 2: How likely is it that a strategic plan will fail even when the entrepreneur does everything you advised?

4.)   I don’t believe there was anything wrong about the text this week.