As an entrepreneur, if you have to choose between planning an action and taking an action, you should opt for taking the action.

Question

BlackTom AI · Accepted Answer

In entrepreneurial decision-making, there is often a tension between planning and taking action. 
Option 1: True. The statement suggests that when forced to choose between planning an action and actually taking action, opting to take action is the better move. In practice, entrepreneurship rewards iteration, speed, and learning from real-world feedback. Acting quickly allows you to test assumptions, validate demand, and adapt, rather than getting stalled in endless planning. The philosophy of action over perfection aligns with lean startup principles and real-world execution where velocity reduces risk over time and learning from experiments informs better subsequent plans.
Option 2: False. Claiming that one should prefer planning over taking action would imply a sterner emphasis on up-front analysis, which can lead to paralysis by analysis. While planning has its place to set goals and coordinate the team, excessive planning without execution often delays value creation, increases opportunity costs, and may cause you to miss market signals. However, there are scenarios where deliberate planning is critical (e.g., regulatory constraints, complex capital requirements), so the blanket rejection of action in favor of planning would be too rigid.
Overall, the general teaching in entrepreneurial practice is to balance: plan enough to guide action, then move to action to test and learn, adjusting plans as data comes in. The statement prioritizes action as the immediate step when choosing between the two, which reflects a pragmatic, iterative approach to building a venture.

Introduction to Entrepreneurship (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 1: Exam- Requires Respondus LockDown Browser

As an entrepreneur, if you have to choose between planning an action and taking an action, you should opt for taking the action.

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Introduction to Entrepreneurship​ (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 1: Exam- Requires Respondus LockDown Browser

As an entrepreneur, if you have to choose between planning an action and taking an action, you should opt for taking the action.

View Explanation

Log in for full answers

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Introduction to Entrepreneurship (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 1: Exam- Requires Respondus LockDown Browser