Toolbox

Tool

Austrian Approach To Innovation

Problem To Solve:

How to continuously innovate.

Tool

Austrian Capital Theory

Problem To Solve:

Do we have the right and the best capital structure to deliver customer value? Any time there's a business change or during periodic planning reviews.

Tool

PROFIT Resource Based Theory of Entrepreneurship

Problem To Solve:

Assembly phase (pre-market), or when planning the launch of a new project or initiative, or when examining current allocation of resources.

Tool

People-Centered Economy

Problem To Solve:

How to best motivate employees to create new value capabilities.

Tool

The Entrepreneurial Ethic

Problem To Solve:

How to maintain a full appreciation of the entrepreneurial process including from the ethical vantage point.

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STARS

Problem To Solve:

What are my resources?

Tool

Ikigai

Problem To Solve:

How can entrepreneurship combine what I love, what I am skilled at, what I can get paid for, and what the world needs.

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Harnessing Accounting

Problem To Solve:

Applying realistic principles instead of relying on models.

Tool

Self Assessment

Problem To Solve:

How to figure out if entrepreneurship is the right path for you.

Tool

Lean Business Canvas

Problem To Solve:

How to create a business model.

Tool

Alertness, Discovery, and Capabilities

Problem To Solve:

Solve the problems of finding new business growth. Alertness to new opportunities can help you grow your business at every stage if you can discover a solution and translate it into capabilities.

Tool

Decision Making Under Uncertainty

Problem To Solve:

This is a decision-support tool to help you to address uncertainty and identify routes to reduce it.

Tool

Opportunity Cost Calculator

Problem To Solve:

How do you know whether your offering has sufficient potential value for the customer? The opportunity cost calculator helps your appraisal.

Tool

8 Traits Of Austrian Entrepreneurs

Problem To Solve:

Use this tool as a self-assessment before starting a business. What kind of an entrepreneur are you? What complementary attributes will you want from a partner?

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Entrepreneurial Empathy

Problem To Solve:

This tool is used to collect qualitative data from potential or actual customers. It helps you to place yourself in the mind of the customer.

Tool

Effectuation Process

Problem To Solve:

How to start an entrepreneurial journey, initiative or project.

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Means-End Chain

Problem To Solve:

When you are seeking to identify the exact benefit the customer will seek from your product or service. What's their goal or end? Understanding customer motivation and needs can be difficult.

Tool

Customer Journey Mapping Tool

Problem To Solve:

Understanding customer dissatisfactions is not a simple yes-no question. You need to understand the customer's life, situation, and context. This tool helps you to do so at any point in your business cycle.

Tool

Rokeach Value System

Problem To Solve:

It's hard to identify what is most important to customers because it's subjective and emotional. The Rokeach value system enables you to classify customer responses to research and/or your interpretation of behavioral data.

Tool

Decision Logic for the Customer’s Learning Process

Problem To Solve:

Reducing anxiety and "feeling lost" associated with uncertainty.

Tool

Consumer Value vs Shareholder Value

Problem To Solve:

How to avoid stagnant growth in your business by drawing from the past.

Tool

Harness the Power of Technological Deflation

Problem To Solve:

Freeing up your time and lowering costs while keeping you in the loop with the latest technologies.

Tool

Entrepreneurial Communities

Problem To Solve:

Shifting from unethical and impersonal business practices to customer-centric service.

Tool

Entrepreneurial Empowerment

Problem To Solve:

How to empower your employees without being overbearing.

Tool

How Generative Is Your Business?

Problem To Solve:

Overcome knowledge constraints. If your business is stagnating and growth isn't increasing, generativity can help you.

Tool

Continuous Value Perception Monitoring And Adjustment.

Problem To Solve:

Customer perceptions of value are subjective. Customers experience value within their own context, and they assess the value experience after the fact. How can businesses respond by adjusting their value proposition, if appropriate? Monitoring provides input.

Tool

How To Make The Customer Your Boss.

Problem To Solve:

How to increase your revenue and profit by recognizing the customer as your boss and serving them.

Tool

The Austrian Business Paradigm

Problem To Solve:

Finding a recipe, a defined process, for generating profit. What methods to employ facilitation of value and how to to be more customer-centric.

Tool

Empathy As A Process

Problem To Solve:

Creating an effective value proposition and figuring out a consumer's or customer's wants, needs, and preferences.

Tool

10 Economic Principles for a Customer-First Business

Problem To Solve:

Ethical values for your business helps increase reputation and marketing.

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Entrepreneurial Leadership via Understanding Economics

Problem To Solve:

How do I use economics for better success in my business? And how do I find inspiration and motivation?

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Brand Building

Problem To Solve:

How to establish a different and superior brand image and reputation.

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Voice Of The Customer

Problem To Solve:

Compile, analyze, and share customer information throughout the firm to become more customer-responsive and to facilitate value.

Tool

Value Innovation Pathways

Problem To Solve:

How to design value innovations or how to restructure your business model.