Entrepreneurial Policy & The Essence of Pragmatism
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Anderson(1988) argued "Pragmatism, properly understood, is neither a technique of neutral problem solving for the mere contrivance of compromise"
Question(s)
1. Brief description of entrepreneurial policy making
2. Brief description of pragmatic policymaking
3. Explain how entrepreneurial policy makers can incorporate pragmatic practices into their public policy research.
4. Have pragmatism practices changed in the last twenty years?
Source: Anderson, C.W. (1988). Political judgment and policy analysis. Public Administration Quarterly 11(4), 439-462.
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Solution Summary
In terms of the entrepreneur, although there is a great deal of risk in decisionmaking, the notion of pragmatism implies that the entrepreneur is able to test ideas (as to there "truth value") in terms of there "workability" value in the real world. As such, the notion of pragmatism is a philosophy of experience.
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With respect to entrepreneurial policy making, according to ezinearticles.com (2010) an entrepreneur is someone who researches a purchase before making it; in turn, an entrepreneur is someone who does not want to rush into decisions either; this type of decision making, careful and cautious, is certainly a great attribute of a businessman. According to this site, however, one must realize that much of what an entrepreneur does it defined by a degree of risk; if you are a cautious person you need to be aware that there is risk inherent in starting a venture and despite all planning, an entrepreneur will be faced with a handful of decisions almost daily that will involve at least some gamble; in turn, as an entrepreneur’s business grows so will the impact of his or her decisions; the larger decisions will have an increasing degree of risk, and , in turn, this increasing degree of risk has an upside; that is an increasing degree of reward if the decision turns out to be right.
In addition, according to ezinearticles.com (2010) if one tends to "fly off the seat of your pants" in one's decision making, then by a small margin, one will actually rank with the majority of entrepreneurs in your response when looking at a study conducted by the Institute of Small Business Empowerment of 100 entrepreneurs; however, this kind of risk taking or thinking may have some truth in it, it can also cloud the judgement of entrepreneurs and lead them to believe that all their decisions should have a degree of 'gut' or risk to them; however, according to this site, beware of this pitfall, some decisions involve risk, at times a great deal of risk, but there are a greater number of decisions that can be thought through and analyzed to determine on some basic facts, whether or not they are good or bad ideas.
According to Stanford.edu (2010) pragmatism is a philosophical tradition that originated in the United States around 1870. According to this site, the most important of the classical pragmatists were Charles Sanders Pierce, William James and John Dewey; the influence of pragmatism declined during ...
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