Blog 1

The first concept I learned from the Journal is the definition of an Entrepreneur by John Doerr. He says is someone who “does more than anyone thinks possible with less than anyone thinks possible”. Also for those entrepreneurial ventures despite what the industrial they are share the traits of “A+ founder or founding team, a commitment to technical excellence, an obsession with the customer experience, a reasonable approach to financing, a sense of urgency, and a devotion to building an authoritative, trusted brand” I think the following traits are extremely important factors for a successful leader, which can share in common for all field of leaders. The first traits is an A+ founder or founding team. That is the importance of what a unity team dose. Second and third are a commitment to technical excellence and an obsession with the customer experience. The two traits are focused on the experience with customer and experience with the technical field. Last, a sense of urgency is an important attribute too as I think; without that the efficiency of work will decrease, and the sense of direction for the company would loosed.

The second thing I learned from the Journal Post is the difference between a Mercenaries and a Missionaries. As Doerr’s speaking at Stanford Business School, mercenaries are “opportunistic.” Typically for those who eager for the short-term profit. Missionaries, on the other hand, are “strategic.” They’re all about “the big idea” and partnerships that last, and they understand that “this business of innovation is something that takes a long time” — it’s a marathon, not a sprint. Also as I quoted from the definition by Doerr, the Mercenaries have lust of making Money and the Missionaries strive for the lust of meaning. To be honest, this are something I cannot understand with. The reason that I cannot agree with the statement by Doerr’s speaking is himself consider long-term investment as meaningful, and short-term as “opportunistic”. I think it is lack of responsibility for defining short-term investment as “opportunistic”. First, I want to take George Soros as an example, himself as a legendary of venture investment as well-known as making money from short-term investment. He also create fortune and label himself as a “fail philosopher”. I think it just a way of humble, because he really made a lot of attribution to today’s trade market. Also, an obviously way of short-term trade as known as short and cover. This is way of making profit from a stock drop price. In other words, the more the stock price fall, the more the investor won. It may sounds bad for investing, but to be success in this way, it also need a great team and a great leader to conduct. Plus, to short a stock can prevent the risks of stock, decrease the bad assets for an company, and find problems with the firm.
Reference List:

Taylor, B. (April, 2016). The Best Entrepreneurs Are Missionaries, Not Mercenaries. Harvard Business Review. Retrieve from: https://hbr.org/2016/04/what-separates-high-impact-entrepreneurs-from-those-who-dont-make-a-big-difference?cm_sp=Article-_-Links-_-Comment#comment-section

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