Experiential Entrepreneurship and Taking the Plunge

Experiential Entrepreneurship thrusts cognitive ambidexterity wherein, entrepreneurial leaders use both a creation approach (“action learning”) and a prediction approach (“data analysis and modeling”) to shape opportunities.

Like any other activity, one cannot be an entrepreneur by just sitting through lectures and reading best sellers. Unless put into action, factual knowledge is useless. The transition from factual literature to practical action is what Experiential Entrepreneurship is all about.

Till you do not take the plunge you are stuck in the same rut – with no way out. Floundering your way through, just to stay afloat, not getting anywhere. That is not what entrepreneurship is all about.

Take the plunge

Startup culture needs the push, the plunge, taken by individuals who dare.

You need an overhaul in the mindset. Work towards a collective entrepreneurial mentality that trickles down top to bottom. It is not always the C-Suite executives who retain that – each and every individual in the startup ecosystem is an asset, needed to be utilized to their full and true potential.

Learning about experiential entrepreneurship is just one facet of the whole spectrum. For some it has been whittled down to just a semester of learning through course books – errr what? Does that not defeat the purpose?

It does not even help when students are only asked to create and somewhat implement business plans and cost benefit analysis. They have to sweat it out to be able to immerse fully into the program and simulating real life experiences.

It should, thus, be that an experiential entrepreneurship program should have at least ONE startup out of it for it to be called a successful program.

Research papers, articles, and yes, even blogs like this one right here, can go on and on about the same thing. But how do you actually and practically assess the validity and success of such challenging programs?

Experiential Entrepreneurship Personified

What did Bezos or Musk do and study right to be where there are today? What did Gates and Jobs do? These are the real questions. Do you know what Amazon, Apple and Microsoft all have in common? You guessed it – a garage! And that is where these big names learnt and embarked on their experiential entrepreneurship journey.

Conclusion

Get out there and get going! There is no two ways about it. Listen to what the experts have to say – their advice, their insights, pitfalls and experience on our podcast.