Meir Kohn (ECON), Lecture 6, “Managers and Entrepreneurs” May 1 in Rocky 1 at 6 pm
In some activities, success requires management—planning, calculation, and organization. In other activities, success requires entrepreneurship— alertness to opportunity, willingness to give it a try, and readiness to fail. When entrepreneurship is required—e.g., venture capital or scientific research—engaging in management instead is a recipe for disaster.