Journal | entr494-cbowe008

Journal #6

Cisco is a business that makes their money from having switches, routers, and architecture of networking that allows for easy and efficient ways to secure internal and external networks. IBM is a company that designs technology and standards for technology in order to bolster security for users trying to use the electronic products. Check Point is a software company that specializes in endpoint security by introducing different usage of firewalls in those endpoints. RSA is a company that focuses on bolstering the security of data going across the network through developing good encryption...

Journal #5

The connections between the disciplines when it comes to entrepreneurship is the necessity of failure and learning. The start of entrepreneurship in any discipline requires hard work, determination, planning, failing, and adapting. Whether the discipline is in cooking, farming, or cybersecurity, many businesses made by potential entrepreneurs will fail for the first couple startups. What makes an entrepreneur successful is the way they can handle and adapt to failure. Adaptation to previous failures can also be considered experience, and often times, experience teaches more than a thousand...

Journal #4

Entrepreneurs often get in trouble with the law because of issues with taxes. Taxes in businesses are designed through classes of a business, whether it is an LLC, C-Corp, S-Corp, Sole proprietary, or partnership. Within these classes of businesses, there are different tax laws required to follow and pay to operate. With all the technicalities of the tax bracket and the managing of a business, entrepreneurs find constant clashes between themselves and the government of the country the business is residing in. This is the major reason entrepreneurs get into legal trouble with a close 2nd...

Journal #3

Ethics are a code of procedures that people and organizations follow to maintain positive relations with both customers and peers alike. It is important to set an ethical standard when it comes to an enterprise because in business, public view of morality sets interest people will have when deciding whether to purchase the product or services your company will provide. There are several companies that have had their products drop in value because of the unethical practices of said company. An example of this happening would be Activision Blizzard, a gaming company, losing many followers and...

Journal #2

Design Thinking is a framework created at Stanford University that is used to solve problems. This framework includes steps on how to look at the problem to solve it more efficiently. By looking at how a problem can impact yourself along with the others affected, this framework lists how certain steps can be taken to not only think of a solution, but to implement the solution. By using this form of thinking, entrepreneurship in those fields becomes a clearer path to achieve benevolent solutions to modern day problems. In the case of a laptop, design thinking was used to determine the initial...

Journal #1

Am I an entrepreneur? I believe with what I have experienced and done within my job and previous workplace; I believe I meet the criteria of being an entrepreneur according to how ODU defines it. Originally, I thought the definition of being an entrepreneur was someone who can use their brain and creativity to put together a product or service that will profit others and themselves. Within my workplace (warehouse/sales), I participate in open dialogue with plumbers/customers that come into the counter, and each time I discuss problems they have, I learn different tricks and solutions that...