NY Week Two

Three takeaways in this entrepreneurial week. First, creativity does not matter. Second, entrepreneurs are defective. Third, emerging markets need greater entrepreneurs. Of the three companies we visited, I ranked “WeWork” the most attractive due to its good location, organized co-work space, and associative entrepreneurship culture.

First impression on the speakers this week is that entrepreneurs don’t have to be creative. In the business school, we often talk about innovation and sometimes are excited about having our own ideas and “creative” thoughts. Entrepreneurs don’t really impress others by their creativity, they are the people who turn creativity into practice.

From the speakers and entrepreneurs this week, we also can see the difference between perceptive and real figures of entrepreneurs. Even very successful entrepreneurs are not necessarily associated with powerful tones, great public postures, insightful business plans, strong communication and social skills, as what we perceived earlier in the business school. Somehow they are vaguely expertise but not necessarily the best in specific fields. Entrepreneurs are normal human who may have various shortcomings and weakness that others can obviously see and criticize on. They are successful not because they don’t own poor or bad characters but rather because they have the key characters or strengths that other groups, unsuccessful or less-entrepreneurial, do not have. In CEE region, we tend to easily hear criticizes rather than positive feedbacks or supports, which may adversely slow down the inherent entrepreneurial growth.

The third takeaway is that emerging markets do need more, greater entrepreneurs. In a book published by McKinsey&Company last month “Resource Revolution: How to Capture the Biggest Business Opportunities in a Century”, the authors pointed that the greatest opportunities for entrepreneurship may soon occur in emerging markets, as soon as the resource optimization, technology integration, and reversing productivity arrive at a global access level. As a returning Chinese from the West, I am very optimistic that some great entrepreneurial and incubating models in New York City such as WeWork will soon appear in big cities in China, and could even run more influentially and more productively within the local-based entrepreneurial community. From the resource perspective, emerging markets are like a sharp corner of the big iceberg that is to be creatively exploited.

At last, I want to comment that to write a blog is indeed a good way to structure the mindful learning and promptly exploit the experiential benefits from our NY trip. As long as you reflect yourself seriously, you get more from the city experiences.

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