192. Mark McGrath on Orientation and the Adaptive Entrepreneurial Method
When firms apply the principles of Austrian economics to business management, we call the result the Adaptive Entrepreneurial Method. It’s adaptive in that it is a…
eGPS Pin: Asset Reallocation / Capital Recombination / Disposition
181. Brian Rivera on the Flow System
The traditional approaches to the structure and management of firms are becoming barriers to customer value
Why you shouldn’t trust in “market value”.
"Market value" is a misconception. All valuation is subjective. Individual investors consider their own ends, both financial and non-financial, their …
177. Mark McGrath On After-Action Reviews
The business-as-a-flow orientation embraces continuous adaptive change within the firm. Traditional slow-motion control mechanisms like strategy and p…
176. Peter Lewin and Steven Phelan: How Do Entrepreneurs Calculate Economic Value Added? Subjectively.
At the core of the entrepreneurial orientation that is the engine of vibrant, growing, value-creating, customer-first businesses, we find the principl…
171. Ben Ford on Situational Awareness and Managing for Constant Change
The increasing adoption of systems thinking in business tells us that the world is changing very fast, and companies need to change at least as fast a…
168. Anthony J. Evans: Markets for Managers and Entrepreneurs
. We discuss markets with Anthony J. Evans, a business school professor who teaches that all businesspeople must become economists.
166. Murray Sabrin: What Entrepreneurs Do When The Yield Curve Inverts
To what extent should entrepreneurial businesspeople concern themselves with macro-economic variables? At E4B, our point of view is: not much. We made…
163. Joe Matarese: Medical Tyranny and Its Entrepreneurial Solutions (Part 2, The Solution)
In episode #162 of the Economics for Business podcast, Joe Matarese described the nature and cause of the healthcare problems we face. In episode #1…
162. Joe Matarese: Medical Tyranny and Its Entrepreneurial Solutions (Part 1, The Problem)
Medical care in the US exemplifies how the perverse effects of accumulated, self-reinforcing economic errors can render a system dysfunctional for con…
157. Luca Dellanna on the Power of Adaptation: Managing Complexity Every Day
The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems an…
146. Luca Dellanna on the Power of Adaptation: Adapt or Die
Ceaseless flux. Those are words Ludwig von Mises used to describe the perpetual change in business conditions that entrepreneurs experience. The conse…
142. Murray Sabrin: How Entrepreneurs Beat the Fed-Generated Boom-Bust Cycle
Entrepreneurial businesses acknowledge and understand the inevitability of boom-bust cycles in the Fed-manipulated economy. But they refuse to be defe…
140. Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital
Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the …
138. Mark McGrath: The Adaptive Entrepreneurial Method: VUCA, OODA, IOT
This week, Mark McGrath joins us to review a tool for value creation amidst continuous, roiling change. It has been around for a while and so is prove…
137. Murray Sabrin’s 7-Point Entrepreneurial Solution to the Medical Care Crisis
Entrepreneurs solve problems for customers. There are few problems bigger than the horribly perverse medical care system under which patients suffer i…
Asset Reallocation / Capital Recombination / Disposition
The asset combinations that were best for generating customer value at an earlier stage may require change and readjustment at any point in time, and…
135. Mark Packard: How to Put Time on Your Side
Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we m…
Lean Manufacturing
Economize on resources and free some up for future investment via careful cost management.
129. Samuele Murtinu on How and Why Governments Fail in Venture Capital
Dr. Samuele Murtinu joins the Economics For Business podcast to explain both how and why governments fail in their best efforts to help entrepreneuria…
Recombining capital assets for increased returns and increased profit.
This news article from www.telegraph.co.uk details how recombination and reallocation of capital resulted in an increase in ROC (Return On Capital) from 5 per cent…
127. Matt McCaffrey: Austrian Business Strategy (Part 1): Emergent, Not Planned
Strategy is not the formulation of a plan. It is emergent from a process of exploration and discovery. Austrian economics is the best guide for entrep…
123. Sergio Alberich on Capital Structure and Capital Flexibility
The proper selection of a firm’s financial source does not guarantee its success, but the wrong one assures its failure.
122. Andrew Frazier on Running Your Business
There’s a middle class of businesses that are the backbone of the economy. Professor Saras Sarasvathy coined that term, and we’re pleased to adopt it.…
Surviving a Pandemic Using Austrian Principles
Bootstrap and find ways to cut costs without sacrificing customer value. Strengthen relationships with suppliers and find new ones. Additionally, find collaborators and loopholes to…
Fighting Poverty With Entrepreneurship.
My father, the late Reverend Gilbert H. Caldwell, Jr. was a Civil Rights Movement “foot soldier” who knew and marched with Dr. Martin Luther King,…
101. Per Bylund: Silicon Valley Is Bad At Entrepreneurship.
Our goal at Economics For Business is to help entrepreneurs and their businesses succeed. Per Bylund and Hunter Hastings discuss the true implicatio…
Entrepreneur Zones: Teaching People To Fish In America’s Abundantly Stocked Economic River.
Entrepreneurship has not been valued the way it should be. Sure, we read about and hear about the outliers of venture-capital funded unicorns, and the…
89. Jeff Booth: How Entrepreneurs Can Harness The Power Of Technological Deflation
What is technological deflation, and how can entrepreneurs take advantage of it? By combining already available and easily accessible technologies to …
87. Professor Matthew McCaffrey: The Austrian Definition of Capital and its Application for the Health of Your Business
Key Takeaways and Actionable Insights An understanding of the Austrian definition of capital is tremendously useful to all business owners and managers. What is capital?…
81. Dr. Keith Smith: The Free Market Medical Association Brings Entrepreneurship to Medical Services
Dr. Keith Smith, Co-Founder of the The Free Medical Association (FMMA.org), is an entrepreneur and free market warrior who is undaunted by the seeming…
63. Dusty Wunderlich on FinTech Financing: Entrepreneurs Helping Entrepreneurs
FinTech sounds like the latest over-hyped tech bubble. But it has a much more fundamental importance in entrepreneurial economics. It brings entrepren…
58. John Cox: Facilitating Value Through Skilled Orchestration
There’s a skill that can turn any individual entrepreneur or small business into a global powerhouse exhibiting the highest quality service levels t…
57. Per Bylund on Coronapreneurs: How Austrian Entrepreneurs Manage An Exogenous Shock To The System
What’s the ecosystem in which you operate? How does your business fit in? How can you systematically adapt to the changes going on upstream, downstr…
