Courage or Knowledge?

An Ateneo Graduate School of Business Advantage

I always have the entrepreneurship class have fun via a jeopardy game.  It is good way to jog people's memory.  It is a good thing to encourage people to do things and engage in critical thinking, not to have midterm or final exams;  it is also nice to remind them of some common entrep terms and to encourage superpower memory (see slideshare of TTL) on the same topic.

Last Night Leah and Gerry were the Jeopardy masters.  I requested them to extend answering time from 5 seconds in their original rule, and to waive the limit bet on the final jeopardy.  (I should have made the rule 20 seconds because the internet at Sta Rosa was pretty slow hahaha)

However, the two groups employed to diverging strategies:

Group l was noisy, boisterous, agressive, answering large category items, and challenging the jeopardy masters, the opponent to maximum (they were on the borderline and hypermax).  They had -1500 on the first jeopardy, meaning they answered a lot wrong.

Group 2 was calm, risk averse, and tried to answer only questions that they were sure of.  They refused to answer many questions.  They adopted the "Less talk, less mistake strategy" They had positive score because they made less mistakes.  They won the first round.  (Most of us would like the small wins by playing it safe, by being employees for instance.)

Came the final question/jeopardy and they had to bet.  Group l made a bet l,000,000 vs. Group 2s l,l00.00.  Whoa.  Both answered correctly, who said, "  Every generation needs a revolution". Group l was about courage;  Group 2 was about knowledge.

(But I think as an entrepreneur, you need both)

The loser in the first round group l who took the most risk in the first and second round won.

Lesson:

l.  No guts no glory;

2.  Entrepreneurship is not just watching or being timid;   it is being there doing something and taking hits.  You could not be called an entrepreneur unless you went through bad times.

3.  Making it means making big bets, even the entire farm, and taking risks and sometimes you win.

4.  Get out of your comfort zone if you want to be an entrepreneur

Some people dislike bp, but looking at the crystal ball and making guesses on what the future will be.

Thank you Leah, Thank you Gerry.

Thank note, Group 2, you could have answered more Nu6 questions correctly had more of you submitted NU6 papers.  Submit now