MS&E 472 - Entrepreneurial Thought Leaders Seminar Series

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Welcome to the Spring 2008 edition of ETL! Please report any problems you encounter to the website team. Please note that you are encouraged to reply to others' posts. We want to facilitate discussion instead of having everyone make their own topic! On the other hand, if you want to bring up a new topic, then please do create one.

#1 2008-02-07 18:25:22

Bonny.Simi
Member
Registered: 2007-10-07
Posts: 25

Taking a chance

I was most drawn to Christine's presentation mainly because of her personal decision to leave corporate america and turn her passion toward a non-profit. I found it interesting that she was willing to take the position, even though she didn't know much about it. That shows she was interested in giving back to society and was willing to work for less salary and take on the challenges of a non-profit. Kudos to her.

Bonny

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#2 2008-02-08 17:20:11

Jules.Maltz
New member
Registered: 2008-01-16
Posts: 7

Re: Taking a chance

I agree, but would have liked to hear more about her reasons for leaving.  By her actions, I think she must have a passion for animals or something touched her to give up her corporate job to enter non-profit. I would have liked to understand the differences between non-profit and HP from her perspective and any advice for running socially responsible ventures in a more business-minded way.

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#3 2008-02-09 18:37:46

Mandy.Zibart
New member
Registered: 2008-01-16
Posts: 7

Re: Taking a chance

Ya, I was interested to hear more about her reasons for leaving the corporate world and the reason for the hiring choice made by the Humane Society... Obviously she is a very intelligent and capable woman, but did the Humane Society know that her corporate/entrepreneurial skill set would be necessary for the future of their non-profit business? It seems as through her business strengths have translated extremely well into the non-profit world and the Humane Society might have been in a very different place had it not been for Christine's innovative intuition and managerial background.

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#4 2008-02-10 00:22:35

Vridhi.Tuli
New member
Registered: 2008-01-14
Posts: 9

Re: Taking a chance

I agree. Christine took a bold path to choosing Humane Society. She talked about how she went from Stanford GSB and HP to Humane Society. I think her story is very encouraging for students to follow their passions and not be afraid to tread paths that may not conventionally seem popular or correct. Her move exemplifies that taking risks does not only mean venturing into unknown grounds but also having the guts to trust your passions and stick to them through thick and thin.
"It felt right in the gut. When things feel right, go for it. "

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#5 2008-02-10 09:32:07

Tamra.Johnson
Member
Registered: 2008-01-12
Posts: 16

Re: Taking a chance

I think this talk was a great example of how past experiences can be harnassed into something greater than had been imagined, both for Christine as well as the HSSV. From the state of HSSV that Christine described when she arrived, I doubt those doing the hiring realized how much she would be able to turn around the facility. Instead, it was probably a matter of 'this has to be better than what we've had so far - let's take the chance'. Though I agree this was a quite different subject matter than previous talks, it was great to see the common themes of understanding the customer, doing market research, defining the market, modifying the strategy, etc that can be applied to many different industries. As part of a leadership class I took at my work last year, we were asked to go around the room and share the first thing that came to mind when asked the question - 'If others opinions did not matter, right now I would be _____'. It was amazing and moving to hear what others had to say in response - so many of our activities are driven by what we believe others to be thinking about our actions, rather than what we are actually passionate about deep inside.

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#6 2008-02-12 14:49:58

Christophe.Chong
New member
Registered: 2008-01-15
Posts: 7

Re: Taking a chance

Ooo I'm right with you on that one Tamra. At the risk of generalizing, I'd say that lots of times we put a premium on jobs based on prestige (or salary) and seem to think that taking a step down by THOSE measurements would be like taking a step back overall. When Christine said that she wasn't sure if the society would accept her application, I was thinking "What? She has tons of responsibility at HP... Of course they would accept her." I fell for a second into that trap, thinking that our profession or situation defines our level of ability. There's choice involved too. So mad props to her for doing what she does. I think I'll go out and take a chance today.

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#7 2008-02-12 23:31:52

Jorge.Falcon
New member
Registered: 2008-01-22
Posts: 8

Re: Taking a chance

I believe that at some point in your life, and after several years of doing something you "like" and feel comfortable doing so, it is wise (and maybe natural) to ask yourself: "Why am I doing what I am doing, and why not something else?". Depending on your own personal answers you could easily find out that, if you don't have a lot of constraints, you could move on and, as the topic says, take the opportunity to do something different; something that you just feel is better that your current status quo.

I think that some people are so focused on becoming part of the corporate world that they sometimes forget what they really like (including myself). Giving you the chance to take an alternate path could represent a huge impact in your life... but it is also important to choose the appropriate timing to go for it!

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#8 2008-02-13 00:00:40

Michael.Gummelt
Member
Registered: 2008-01-16
Posts: 12

Re: Taking a chance

I'm not sure what her family situation was at the time of her leaving her corporate job, but in many scenarios it's simply not possible to do something so risky when you have a family.  That's why that anyone with any Entrepreneurial inkling should make it a priority to pursue ideas in their early twenties, since you know what your situation is now, but you won't in the future.  You could say that in Christine's case, the opportunity was really only available at that single point in time, but isn't Entrepreneurship mainly about taking advantage of the endless market gaps that are constantly available (Yes, I would say that the HSSV was a market gap, even though it is a non profit)

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#9 2008-02-13 12:11:38

Yonah.Berwaldt
Member
Registered: 2007-10-09
Posts: 19

Re: Taking a chance

Entrepreneurship is a philosophy of life, a rational approach to risk taking.  The vast majority of humankind is risk-averse, a statement supported by mountains of psychology research.  Most people "play it safe" and, in doing so, miss opportunity.  The entrepreneur realizes that safety is impossible, and therefore manages risk.

Leaving corporate America and working for a nonprofit is a quintessential entrepreneurial trait.  Christine exemplifies the mindset of intelligently managing risk, rather than shying away from risk altogether.

Thought not the same as leaving a steady paycheck (golden handcuffs) and starting a business, she left a "high status" position for one which called to her heart.  Those who do the right thing and not the easy thing deserve great respect.

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#10 2008-03-21 17:34:07

Patrick.Mihelich
New member
Registered: 2008-01-20
Posts: 7

Re: Taking a chance

I was very impressed by Christine's decision to jump ship to a non-profit after working for HP for so long because it shows a willingness to stretch herself and step way outside of her comfort zone. I think it is very easy to get overly comfortable in your current situation, and therefore miss opportunities because they don't even register on your radar.

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#11 2008-03-21 20:09:11

Vignan.Pattamatta
Member
Registered: 2008-01-20
Posts: 10

Re: Taking a chance

I agree with everything in this thread, Yonah's post was particularly insightful. But the title of the post is a misnomer. The whole point is that she isn't taking a chance. For once, she made a decision with her heart and such decisions can never go wrong! She did acknowledge that her experience in the corporate sector helped her take bold decisions to propel the non-profit forward! It must be amazing to be motivated by humanity and not money.

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