What’s different about Kisfalvi’ s approach toward the way entrepreneurs make decision is that its true, empirical in my opinion. I have known many entrepreneurs who have followed this phenomena, multiple determination gives you the gratification of a number of wishes. For Ben in the article it was the “most efficient strategy to solve a whole set of life issues.” Through Ben’s pattern of decision making , one can easily identify the layers of bootstrapping at each aspect of decision making.
According to Kisfalvi, he states that Ben would give priority to only those issues to which a number of his life issues were connected, while he would give a lower priority or even a deaf ear to those decision that weren’t related to his life issues. This he called “Careful Gambling” , which he based on the results of his decision. If they were negative results he would start tightening the finances and make centralization more stronger. Another interesting aspect was also highlighted in this article and that was “controlled boldness”, a method where the person attacked or played his card only when the conditions were in his/her favour.
As I have already illustrated in my previous posts the theories that defined an entrepreneur and the leader, Kisfalvi sets a different floor as the perspectives he has shown are clearly identifiable in most entrepreneurs of today and I suppose also in the past. The muddle through approach is the way entrepreneurs make their day to day decisions based on their past successful experiences. The only objective is to survive, ironically this strategy becomes an old habit and it’s hard to die, therefore they carry this to the mature stage until they have the “growing pains”(Wiklund & Dahlqvist, 2008). Which is why the statement that entrepreneur makes bad managers are also proved, as these entrepreneurs sometimes don’t even have a clue that their business has matured. However some of those entrepreneurs I know about preferred the muddle through approach even when they were aware of the growing business. The reason I suppose is to be safer and it’s less risky.
In the fast changing environment omniscience and omnipotent have become common examples and for an entrepreneur if he/she survives the start-up phase, according to the article he/she has much a much more bigger challenge ahead: that is the transition from an founder managed firm to a professional managed firm. This will be shortly discussed in the next post. (Kisfalvi, 2002)

Kisfalvi, V. (2002), The entrepreneur’s character, life issues, and strategy making. A field
study. Journal of Business Venturing, 17, 489-518.

Wiklund, J & Dahlqvist, J(2008) Jibs Entrepreneurial Growth Spring 2008 Study Guide .