In a thought-provoking post on LinkedIn Professor Ndubuisi Ekekwe shared a captivating anecdote about a resourceful bird and its remarkable ability to overcome a seemingly insurmountable challenge.
This simple yet profound analogy sparked a wave of inspiration, prompting me to delve deeper into the parallels between the bird’s actions and the fundamental principles of entrepreneurial capitalism. I was fascinated anew by the concept of the factors of production as it affects the input and output of businesses, I was also led on to read how determining the marginal value of product can affect the demand and supply of labour, and the different elements that contributes to opportunities within the market that also makes a business competitive.
Back to the bird’s unwavering determination to quench its thirst, I see how it mirrors the resilience and resourcefulness that characterize successful entrepreneurs. Just as the bird meticulously selected stones to displace the water, entrepreneurs must carefully navigate the market landscape, identify untapped opportunities, and devise innovative strategies to overcome obstacles.
The concept of displacement
The concept of displacement, demonstrated by the bird’s stones, resonates deeply with the entrepreneurial spirit. Entrepreneurs often disrupt existing industries, challenging the status quo and introducing transformative solutions that unlock hidden value. This willingness to disrupt and innovate is a defining trait of entrepreneurial success.
Moreover, the analogy underscores the importance of resource selection. The bird’s discernment in choosing stones that would displace the water without absorbing it highlights the need for entrepreneurs to make informed decisions about their resource allocation. They must carefully consider the factors of production – land, labor, capital, and entrepreneurship – and utilize them strategically to achieve their goals.
The Power of Observation and Adaptation.
The bird’s journey serves as a testament to the power of observation and adaptation. By keenly observing its surroundings and employing creativity, the bird transformed a seemingly insurmountable challenge into an opportunity. Entrepreneurs must emulate this approach, constantly scanning the environment for emerging trends and adapting their strategies to seize new opportunities.
Entrepreneurship: Value Creation, Innovation and making impact
The analogy reminds us that entrepreneurship is not merely about generating profits; it is about creating value, fostering innovation, and contributing to the betterment of society. The bird’s actions, motivated by a primal need for survival, inadvertently enhanced its environment by increasing the water level, benefiting other creatures. Entrepreneurs should strive to emulate this holistic approach, striving to create positive impact alongside financial success.
In essence, the bird’s story serves as a beacon of inspiration for aspiring entrepreneurs, reminding us that success lies not in brute force but in resourcefulness, innovation, and a deep understanding of the environment. As we navigate the ever-evolving world of business, let us channel the spirit of the bird, embracing challenges as opportunities and unlocking the hidden gems of abundance that lie within our reach.
For a deeper understanding of the bird’s analogy and its connection to entrepreneurship, I encourage you to read Professor Ndubuisi Ekwekwe’s insightful post on LinkedIn.
About the Author
Omotola Dorcas is a marketing and business development expert with 9+ years of experience in web3, analytics, cloud computing, consulting, and capacity development.
She is the founder of Virtual Domain Agency, a marketing and business development agency supporting African tech businesses to launch, grow, and scale.
Omotola has a proven track record of business growth and expansion. Her passion lies in supporting the private sector and startups within the business ecosystem through strategy and implementation to achieve their business goals.