The Age Of Strategy Is Over. The Replacement Is Explore And Expand
The concept of strategy came to business from the military. It has always been an inappropriate metaphor and, today, it's a dangerous fallacy based on…
eGPS Pin: Management & Growth
110: Yousif Almoayyed: Apply Economic Thinking To Better Manage Your Technology Projects
Does economic knowledge help you manage complex IT projects? Yousif Almoayyed thinks it does.
109: Desmond Ng: Entrepreneurial Empowerment and the Austrian Approach to Value-Generating Organizational Design
Austrian economics offers a wide range of knowledge and applications for better business performance. One of them is the design of high-value organizations Download The…
108. Per Bylund and Mark Packard: Radically Reshaping Business Thinking via Subjective Value
In a recently published paper titled “Subjective Value In Entrepreneurship,” Professors Bylund and Packard apply the principle of subjective value…
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,…
105. Per Bylund: Austrian Economics is the Science of Business Success
For any size and any type of business, the generation of value requires more than strategy, planning, and executional excellence. It calls for the establishment,…
Mohammad Keyhani: Implications Of Generativity For Entrepreneurship And Strategy
Implications of Generativity for Entrepreneurship and Strategy Guest: Mohammad Keyhani Haskayne School of Business, University of Calgary mohammad.keyhani@haskayne.ucalgary.ca This article is based on episode…
104. Professor Mohammad Keyhani on Generativity, The New Digital Pathway to Business Growth
We see business through the lens of entrepreneurship, defined as the intentional pursuit of new economic value. A reasonable proxy metric we can use i…
Empowerment Through Entrepreneurship.
There are many reasons to elevate entrepreneurship as the institutionally-approved and institutionally-accelerated pathway to economic success for everyone. Community flourishing through self-help is one of…
103. Steven Phelan: Embrace Complexity, Pursue Continuous Innovation, Don’t Waste Time on Planning
A rapidly advancing strand of theory has enabled great advances in the understanding of complex adaptive systems. Austrian economics is quintessential complexity theory; Austrians recognize…
102. Dale Caldwell: Entrepreneur Zones Will Drive Accelerated Growth For Cities
Can entrepreneurship be a collaborative undertaking across multiple firms? Entrepreneur Zones are an idea from Dale Caldwell to boost the economic per…
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…
96. Vishal Gupta and the Nobel Prize For Entrepreneurship Research
Researchers into entrepreneurship have a powerful incentive to identify new insights about how businesses grow and thrive.
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…
91. Curt Carlson on Innovation Champions
Austrian economics sees an economy in motion, perpetually renewing itself. Economic agents (firms, customers, investors) constantly change their actio…
4 Rock-Solid Basics Carry Entrepreneurs Through Crucial Periods Of Business Transition.
[postintro]Please welcome our newest guest contributor, Lucy Reed. Lucy is an entrepreneur’s entrepreneur. She created Gig Mine (https://gigmine.co) to help others dig up sharing economy opportunities…
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?…
Bob Luddy Is A CEO Who Applies Principles Of Austrian Economics In His Business Every Day.
One of the things that I really like about the Austrian economists, regardless of the subject, they work hard to get to the truth of…
David K. Hurst: The Organic Approach To Strategy And Business Management And The Ecological Business Model.
Podcast Transcript: Conversation With David K. Hurst; September 8, 2020 Listen to the full episode here. Hunter Hastings: David, welcome to Economics for Entrepreneurs. David…
82. David K. Hurst: Business School Fallacies and Acting Your Way to Better Thinking
At E4E, we believe that Austrian economics can guide business execs and entrepreneurs to better thinking about how to manage businesses that thrive. Business educator…
How Free-Market Entrepreneurship Is Transforming The Economics Of Healthcare In America.
Podcast Transcript: Conversation With Dr. Keith Smith of the Free Market Medical Association (fmma.org); September 1, 2020 Listen to the full episode here. Hunter: Dr.…
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…
What Is A Business Model? It’s Not What You’ve Been Told.
What is a business model? It’s a question asked frequently on Google Search, so there must be doubt in businesspeople’s minds. The reason for the…
Per Bylund Introduces The Austrian Business Model.
Podcast Transcript: Conversation With Economist Dr. Per Bylund; August 11, 2020 Listen to the full episode here. Hunter: Per, welcome again to Economics for Entrepreneurs.…
How Murray Rothbard’s Theory of Entrepreneur-Driven Progress Can Be Applied to Modern Businesses
In chapter 8, Rothbard establishes the principles of what he calls the progressing economy, one in which gross investment in capital goods is increasi…
76. S-E-R-V-I-C-E Warriors and the Individual Economy, with Jeff Saperstein
Entrepreneurship is the new strategy – for companies big and small, new and old, for individuals and particularly for regulation-compromised institutions like education and healthcare.…
How Entrepreneurs Build Beautiful Businesses.
In his book, Narrative Economics, Robert Schiller, Nobel Prize-winning economist, tells us that the greatest influences on the nation’s economy come from the stories we…
66. John Tamny On America’s Uniquely Productive Entrepreneurial Flywheel
The flywheel is a robust and powerful mechanism so long as restrictive regulation by government and failures of imagination by capitalists do not slow…
65. David Bienstock on the Business of Politics
When we talk about entrepreneurial alertness to opportunity, it can sound pretty vague. What exactly does that mean? How is alertness translated into …
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…
What’s A Good Entrepreneur To Do? Make A Profit, Thereby Serving Society In The Best Possible Way.
A January 2020 Forbes Magazine article titled “Why Doing Good Is Good For Business” clearly left out critical information: who is the good or bad entrepreneur?…
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…
43. Can You Answer The Bar Fight Question? Vito Bialla Defines A Core Attribute Of Entrepreneurship
When is entrepreneurship like being in a bar fight? Vito Bialla describes his own entrepreneurial experience and tells us how he assesses start-up CE…
38. Per Bylund on The Laws Of Agile: A welcome step towards the Austrian vision, but not quite all the way there.
The laws of Agile are a welcome step towards the Austrian vision, but not quite all the way there.
36. Professor Arthur Diamond on Sustaining Innovative Dynamism
This week, while keeping our eye on our highest value - entrepreneurial success - we raised our focus to the system level and the meta-ideas that sust…
25. Peter Klein on Organizational Designs
Organization can make a crucial difference to entrepreneurial success. Ideas alone are not enough – execution is needed and the details of execution…
The Culture Of Entrepreneurship Promises An Exciting Breakout From Government, Corporatism And Dependency.
The science of economics has a big problem with vocabulary. It attempts to capture complex concepts in single words and phrases, which only serve to…
20. Dr. Keith Smith on How Austrian Economics Helped Me Innovate
Dr. Keith Smith is an anesthesiologist and founder of both the Surgery Center of Oklahoma and the Free Market Medical Association. Surgery Center o…
18. Steven Phelan on How To Assemble A Winning Combination Of Resources
Austrian Capital Theory holds that capital assets are heterogeneous and complementary. In business language, that means an entrepreneur can assemble s…
Per Bylund’s Tweet Stream Explains The Concept Of Economic Cost And How It Directs Investment To The Highest Return Projects.
The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.…
Interview on The Libertarian Christian Podcast
Check it out! A few weeks back I joined Doug Stuart to discuss my book, The Interconnected Individual, and why we should look forward to the exciting…
Interview on Power Trading Radio
Check out my recent appearance with John O’Donnell on Power Trading Radio where we discuss my most recent book, the Economics for Entrepreneurs Podcast and…
Where’s The Profit In Digital Innovation? It’s In Reduced Transaction Costs.
The new era of low transaction cost digital service provision is, in Munger’s telling, a revolution, as significant as the Industrial Revolution in …
Entrepreneurs Bring Economic Progress – Which Is Far More Important To People Than GDP Growth.
Progress in one area leads to progress in others. Life gets better. Progress is not brought to us by managers striving for efficiency, but by entrepre…
Entrepreneurial Initiative Beats Corporate Innovation Process Yet Again. When Will They Ever Learn?
The future of innovation lies squarely in the initiatives of the independent, interconnected entrepreneur. As new technologies like A.I. and global id…
