Week 14 Reading Reflection

1) the biggest surprise in this weeks reading was how ethics and morals are shared by entrepreneurs all over the world. Doctors have issues when it comes to ethics since most of what they perform, such as projects if failure is included can cause someones life; with entrepreneurs, accounting practices and financing are hard topics to cover with the people.

2) The most confusing part of this weeks reading was the concept of technical know-how licensing. I was hoping that there would be examples of how this is played out in the real world.

3) If I could ask the author a couple of questions those would be : since Chinese people are said to be very smart people and by default innovative, most things we buy are made in either China and Japan. Wouldn't it make more sense to incentive innovations from both countries instead of trying to catch up and then do better than them?Second question: Since there are so many issues with ethics in the entrepreneur world, does that keep entrepreneurs who mess up on their first attempt from ever trying again?

4) I do not believe the author was wrong during any part of this reading since I do not have enough knowledge of the subject to contest his words.