Essay about Recognizing and Shaping Opportunities

19389 WordsJan 29, 201578 Pages
op yo Lynda M. Applegate, Series Editor rP os t Entrepreneurship + I N TE R A C TI VE I L LU S TR AT I O N S No tC Recognizing and Shaping Opportunities LYNDA M. APPLEGATE HARVARD BUSINESS SCHOOL Do CAROLE CARLSON 8056 | Published: September 1, 2014 This document is authorized for educator review use only by Vikas Gupta, at Institute of Management Technology - Ghaziabad (IMT) until December 2014. Copying or posting is an infringement of copyright. Permissions@hbsp.harvard.edu or 617.783.7860 rP os t Table of Contents 1 Introduction ..................................................................................................................... 3 2 Essential Reading…show more content…
Lynda M. Applegate, Sarofim-Rock Professor of Business Administration, Harvard Business School, and Carole Carlson, HBS MBA 1998, developed this Core Reading. Copyright © 2014 Harvard Business School Publishing Corporation. All rights reserved. To order copies or request permission to reproduce materials (including posting on academic websites), call 1-800-545-7685 or go to http://www.hbsp.harvard.edu. 8056 | Core Reading: RECOGNIZING AND SHAPING OPPORTUNITIES 2 This document is authorized for educator review use only by Vikas Gupta, at Institute of Management Technology - Ghaziabad (IMT) until December 2014. Copying or posting is an infringement of copyright. Permissions@hbsp.harvard.edu or 617.783.7860 rP os t 1 INTRODUCTION Chance favors only the prepared mind. —Louis Pasteur “I would really like to be an entrepreneur . . . if only I had a great idea.” This is a common refrain among aspiring entrepreneurs. It might seem that ideas for innovative products and services are out there, just waiting to be discovered by the lucky few. But as Louis Pasteur recognized more than a century ago, we must actually set ourselves up to be “lucky.” We must prepare our minds to recognize and create new ideas and then to shape them into opportunities. Consider how scientists come up with new discoveries, which are often the product of their education, professional and life experiences, and an ability to see patterns and

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