An entrepreneur is someone unsure of their outcome, these people don't know if their business or product will workout but they are willing to take the risk in order to make a living.
I really like what you were saying here about entrepreneurs. I think that one of the fundamental defining qualities of entrepreneurs is that they are risk takers. There are very few if not zero percent of cases in which an entrepreneur who pursue a venture and are fully confident in their success. Entrepreneurs are gritty and committed to the risk in hopes that there will be a reward. So much of the success is based on things out of the control of the entrepreneur.
I think one of the main points of Bylund's content was that everyone has a desire and money is required to acquire this thing. In Bylund's example in his writing, he talks about how Adele doesn't put time, sweat, and money into growing an apple orchard because she wants to eat a bunch of apples. Instead she puts all of this effort in because she feels capable of this craft and she hopes that it will generate revenue that she can then go and use that money to purchase what it is that she desires. This is one of the main points of Bylund's writing for this section of his larger pieces, and I think there was a lack of coverage of this topic in your writing.
Your thoughts on Hayek's writings were compelling. I felt that his ideas about the difference in everyones pool of knowledge was the main topic of his writing, and you did touch on it slightly. I think you talked well about his application of this idea in regards to personal planning. You summarized well that Hayek things that planning is a personal thing since it is true that everyone has different strengths and pools of knowledge / resources.
Technology is growing which means this will help people get things done faster.
I think that this is the most relevant topic to discuss within the scope of this course. Our course is titled entrepreneurship in society and I think the implication of technology into our society and how it effects businesses is one of the most relevant topics that every member of society should be studying. One of the most recent examples of this that we have seen is the recent Chat GPT development. This is such a controversial topic and has such extreme pros and cons. In talking to a friend of mine who is a professor here at OSU, she explained to me how it is such an incredible tool to use in teaching. She explained how it can be used to created content on a certain topic that students then have to go and counter arguments against, and so many other things. However, there is such an issue right now where students are using this program to cheat on essays and assignments. The original intention behind most technology is often ver positive, however it can be so easily taken out of context and abused. For example, social media. The original creator of FaceBook likely have the best intentions. They likely wanted to create a way for people to keep in contact with friends or family that lived far away or that were not in their inner most circle of acquaintances. However, social media has turned into something so much bigger and more layered now. These original intentions are still underlying but it has been layered with all kinds of different factors now.
Now this may seem out of scope from what Hayek or Bylund were talking about, but I don't actually think this is true. I think that in order to be successful in either of the systems talked about by both of these men, it is important to be up to date and relevant in this category.
Faith, overall good essay. I think you could have been more specific about your opinions about some of the issues in the writings, but I think your formatting was well done and you met the length requirement.