Day 30

In my opinion, one of the biggest chalenge for entrepreneurs is not to have an idea, but to make better or unique. In other words, to create a competitive advantages over what is already offer in the market. Our class today helped me to really understand that we have a lot we can do to make our company better and unique. During the class come to my mind the fact that many times is not the idea by itself that make millions, but how we use and implement it.

Day 28

Today we had the opportunity to make a business simulation. By thinking about creating a company, in my groups case, create a Ice cream store in Hawaii, we were able to think about a normal business primary activities in the Value Chain. That help me to think how to work on those activities to benefit the creation of a company. I wanna be an entrepreneur and I have starting using those 5 main activities in building the value chain of my business.

Day 26

The five forces analyses are extremely important to everyone thinking in entrepreneur our management. This helps to know who as the power on a supply chain. Normally who has the power controls the chain. Having that in mind, it will be easy to know how a specific company is going to compete. The example of the hot dog in class help us to understand that. If we have several supply it will be easy to negotiate prices than only having one supply.

Day 23

I never used Google docs before this class. I did heart about it before but never used. The class today helped me to understand exactly how I can used it. Now I am using it for every single class that I have this semester. It was amazing how I can create a spreadsheet and every member can use it at the same time. How we can work on presentations and word documents and see the changes everyone is doing. The exercises we did in class was extremely helpful for me to practice and the exposed to this new software.

Reflection 3

One of the biggest challenge as a student is to work on teams. The class was about that, how to work on teams. I was able to learn to how communicate to prevent difficult and problems working on teams. Knowing how to communicate effectively and understanding the skills needed will help getting better results in the final work.

Reflection 2

It was very interested to understand why technology has become so much cheap over time. Since productivity has increase (technology has become faster) the cost has decrease. Since technology is getting faster, it is doing the same job is lower time. Less time working = less costly. I also learned that this principal is called Moore's Law and is it that provides so many opportunities in new technologies and data storage.

Reflection 1

Since I love entrepreneurship, reading Q5 was very interested to me. Especially learning that the cost of data storage and data communication are free was really interested. However, since I took my statistic class long ago, I am a little struggle understanding what is going on in the class assignment.