Saturday 9 July 2011

Build a tower, build a team: Marshmallow Challenge


Why Kindergartners Make better entrepreneurs than MBAs: and how to fix it




This article summarized the lessones learned from this challenge in the following points
Lessons Learned:

  • Under conditions of ambiguity, most people fall back on a planning mindset to solve entrepreneurial problems
  • A planning mindset can increase your chances of failure because you waste time executing on guesses that are ultimately wrong
  • Instead entrepreneurs have to apply an experimentation mindset and tactics to solve entrepreneurial problems (unknown problems or unknown solutions)

In my opinion Entrepreneurship is more an art mixed between experimentation and planning

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