Week 5 Reading Reflection

One thing I found interesting about this weeks reading is the amount of firms that emerge each year and the amount of patent applications that are reviewed each year. I find it difficult to come up with one successful idea and people are submitting 375,000 each year.

I found the section on the evaluation process to be a little confusing, though I understand the importance of each approach.

Two questions I would ask would be: Is there a science to knowing when is the right to open a business or implement a new idea? and How much do external problems relate into internal problems?

I didn't disagree with anything, but I found the section on why new ventures fail to be a little vague.