Assignment nr. 2 (Veronica)- Formula for Success

Each and anybody can be a brilliant entrepreneur regardless the grades they have obtained at school. I strongly support the author’s point of view concerning his article upon MBA criteria. MBA, GMAT, and many other models are just some systems and there is no absolute correlation between high scores, good grades and money.-Thomas Stanley ( A Millionaire next door)
Being a good entrepreneur has nothing to do whether you had good grades or no especially if we analyze the statistics. I will mention just some of the businesses that were founded by people who performed poorly this system or not at all.
Dell, Microsoft, Yahoo, Napster, Netscape, Rolling Stone magazine, Apple.

Over 50% of Fortune 500 company CEO’s had C or C- averages in college.source:( http://www.rbcdothan.org/LunchPower/The_Power_of_Passion.htm)

As an entrepreneur you must have the spark, a mad desire and none of the systems contribute to this. All of these tests support the idea that profits are the only goal and everything is transformed in a law which we all must follow in order to complete the success formula.

Do not go where the path may lead, go instead where there is no path and leave a trail- Ralph Waldo Emerson.

We must explore our burning desire because being successful it is a human right available for us and none of these grading systems can actually change this. It is even worse, because people who can not fit into this system have a low esteem. Sometimes choosing the common path can be more risky and more competitive than ever before. There is nothing more powerful than creating your own dream, goal and following it till the end.

The second article “The Weird Ideas of Creativity” by Robert Sutton brings old ideas in new ways. Sometimes creativity can make the environment more pleasant and in such a way can be broken the TGIF system (Thank God is Friday/Five) and boredom becomes a passion. Even if the ideas seem creative I don’t necessarily believe any of these except the two of them. First of all I would follow the idea of forgetting the past because in order to struggle in the markets it is necessary to innovate itself and only the past mistakes should be remembered.

The last but not the least, I enjoyed the idea that supports the avoidance of talking about money because making a business work it needs passion and drive.

References: MBA admission Criteria and an Entrepreneurial Mind-Set: Evidence from "Western" Style MBA's in India and Thailand by Sheperd, Douglas and Fitzsimmons

"The Weird Rules of Creativity" by Robert Sutton