Saturday, October 16, 2010

My SWOT

Strength: goal driven, good understanding of technology, highly discipline
Weakness: lack of humor, presentation skill
Opportunity: program / project manager
Threat: knowledge / technology out of date

BUS516 Entrepreneurship

Reading Chapter 1.5 Economics, the entrepreneur and productivity:
"Society, operating at its best, works through entrepreneurs to effectively manage its material, environmental and human resources to achieve widespread prosperity."
"The entrepreneur turns a social problem into an opportunity, a productive organization, and new, well-paid jobs. Productivity growth is important since it provides all the increases in people's standard of living."

Thinking of California, silicon vally, there are many entrepreneurs, many successful stories, start-ups, e.g. Yahoo, google, apple, ebay, in united states, the best environment for economic activity, why is un-employment rate as high as 12.4%, the highest across country? How come the California state goverment is going for bankruptcy? What is wrong with it?