The Hybrid Workplace Is An Excellent Example Of Emergence In Complex Evolving Systems.
Management thinking about business and how work gets done to generate value for customers requires radical revision. Happily, the understanding of com…
Tag: Entrepreneurship
The New Social Technology For Business Is Talkability.
One of the subjects worth thinking about as you work to develop your brand and your business is the social technologies you utilize to support you. So…
“Let’s become a learning organization!” It’s easier said than done.
Who could disagree with the concept of a learning organization? It sounds wonderful. It certainly should be encouraged. But if you dig a little deeper…
The Entrepreneurial Journey Never Ends. Continuous Daily Improvement Keeps It On Track.
Our guest in Episode 13 of The Value Creators podcast, Benjamin Johnson, is a technical entrepreneur, one who recognizes that technical innovations ar…
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 adaptiv…
Reimagining Management As Entrepreneurship
In crises, winning organizations act like startups.
That’s a sentence from James Burstall’s book, The Flexible Method. He’s writing about how b…
Economic Opportunities Don’t “Exist”. Entrepreneurs Create Them.
Peter Klein is one of the exceptions among economists, in a 2016 essay entitled My Contributions To Entrepreneurship Theory, Prof Klein does a rema…
Entrepreneurs Don’t Meet Needs, They Lead Needs
John Tamny is the clearest writer on business and economics because he is the clearest thinker. While some of us struggle to understand or define how …
Rethinking Business Paradigms in the Age of Subjective Value
Re-thinking value.
Business schools teach value creation. But their definition of value is faulty, based on a profound misunderstanding. Value is not…
Business Is Not A Set Of Practices Or Strategic Methods Or Planning Techniques. It’s A Mindset
In the current business era, there’s a lot that seems mandatory: using quantitative methods of strategy and planning, following documented IT-enable…
Austrian Capital Theory Is The Key To Modern Organizational Design.
Austrian Capital Theory (ACT) sounds arcane, academic, and complicated. In fact, it’s the key to modern organizational design, cutting-edge business…
The Premier League Embraces Austrian Capital Theory.
The economics of sports is particularly interesting at the moment. We see sports franchises being bought and sold at what might seem like high prices …
High Tech vs. Deep Tech
Is Germany an innovation failure? Quite a few people answer this question with "Yes!". And indeed, there are enough case studies where Germany has lit…
Hermann Simon Offers A New View Of the Economy
There’s another, better way, to think about the economy: as a complex interconnected and collaborative network of companies, contracts, and service …
Here’s How Small Business Will Take Over The Planet.
People prefer to deal with those they know, like and trust. Small business can win big on these three fronts. More and more customers will make the ch…
How To Develop And Implement A B2B Services Strategy
Assess your business ecosystem and design a services strategy to fit in and contribute in new value-added ways.
Victor Chor Wins 2022 Mises Young Founders Award
The Economics For Business project promotes entrepreneurship in the Misesian sense: as the driving force of the whole market system. The individual entrepreneur is one…
The Customer As Business Driver
The Value Entrepreneurship System puts the customer at the center of business operations. Better understanding their life context leads to better serv…
10 Fundamentals Of Economics On Which To Build A Successful Customer-First Business
Our proposition is that the fundamentals of economics – a special humanistic, individualistic, entrepreneurial economics we call Austrian – can be the building blocks of…
Economic Opportunities Don’t “Exist”. Entrepreneurs Create Them.
Economists have only a very misty view of entrepreneurship, even though it’s the force that drives economic growth. Not only can they not measure its…
The Entrepreneurial Individual’s Checklist
The entrepreneurial individual is the one best equipped to navigate a pathway through the changing world of work, revenue streams and economic opportunities. Follow these…
For A New Entrepreneurial Organization Of Our Economy.
The dynamism of an economy is determined by its organization. Crony capitalism is an organizational error that undermines innovation and value creatio…
The New Economics Of Value And Value Creation.
There's a new economics of value and value capture that business leaders should understand and act upon. It changes perspectives, and it changes busin…
Value Is A Process – the Essence Of Entrepreneurship.
What is the value of a pizza?
If you asked a standard economist, they might—thinking themself quite clever—ask in return, “well, what would you…
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…
Consuming Is Not Mindless Buying Of Stuff. It Is Social Co-Ordination Through The Exercise Of Choice In The Marketplace.
[postintro]This article continues the occasional series from Professor Raushan Gross on The Institutions Of Entrepreneurship. Entrepreneurship is a powerful pathway to innovation, growth, prosperity, and…
Take A Job? No, Make A Job.
The institutional and cultural guidelines today for personal and family income tell us to take a job. The government publishes jobs data as a key…
Entrepreneurs Are Those Who Refuse To Accept The Status Quo – In Business, Politics, Institutions And Society.
Entrepreneurs refuse to accept the status quo. Their function is to create new economic value for their customers, and thereby to profit for themselves, both…
The Ethic Of Entrepreneurship.
What if the generalized approach to life was something like this: my most fulfilling and most profitable pathway is to first help other people –…
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…
Unsure Of Your Direction In These Turbulent Times? Entrepreneurship Can Provide All The Answers You Need.
2020 has been a strange year. My friend Ben always asks me, “Is the world crazy enough for you today?” He knows I nurture the…
The Epic Calling Of The Entrepreneur.
Many of us feel the pull of contributing to something “bigger than ourselves”. It could be a cause, a charity, a movement, a great project.…
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.…
Meaning In Life Is Critically Important To Well-Being. Entrepreneurship Is A Key Route To Get There.
Podcast Transcript: Clay Routledge (Professor of Psychology, North Dakota State University and Director, Existential Science Laboratory) and John Bitzan (Director of the Sheila and Robert Challey Institute…
Entrepreneurship Brings Us Optimism For The Future, Despite The Depredations Of Government.
Jeff Deist recently argued the case for economics over politics in his talk “Markets vs. Mobs.” I believe markets will prevail, and here’s why. Our…
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…
The Genius Of The Consumer
Entrepreneurship is the intentional pursuit of value. This pursuit fuels the engine of economic growth. The entrepreneurs who achieve the realization of value become folk heroes,…
A Values-Driven Entrepreneur Shares Ten Principles For Success In The Highly Competitive World Of Sports Content.
There are many kinds of entrepreneurs. They are all instigators of win-win arrangements in which customers are served in innovative ways by enterprising individuals and…
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…
John Tamny On How The Entrepreneurial System Maintains Its Energy And Momentum.
Hunter: John, welcome to Economics for Entrepreneurs. John: Hey Hunter. Thanks for having me on. Hunter: You make economics relevant and interesting and you’ve been…
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?…
The Entrepreneurial Advantages of Building Human Capital While Young.
While you were young, did you gain knowledge and learn skills that gave you the human capital necessary to become an entrepreneur or a small business …
What Would The World Be Like Without Entrepreneurs? Pretty Grim.
Reading Per Bylund’s How Entrepreneurs Build the World inspired a thought: What would the world be like without entrepreneurs? Could we really know what our…
A Nation Has Lost Its Way. Entrepreneurship Will Put Us Back On The Right Track.
A nation has lost its way. On July 13, 2012, in a political campaign speech in Roanoke, Virginia, United States President Barack Obama uttered the sen…
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…
Ideas Are Not Scarce. Excellent Implementation And Great Execution Are Scarce.
We gathered together another insightful tweet stream from the entrepreneur’s highest rated economist, Dr. Per Bylund. The problem of #entrepreneurship is not to come up…
Is There A Philosophy Of Entrepreneurship? Yes, There Most Certainly Is. It Starts With Ethics.
Mainstream economics today does not believe in ethics, or does not count ethics as a part of its program. Instead, it is based on the…
Entrepreneurs Change The World For The Better By Thinking Exclusively About How To Offer New Value To Consumers.
Original Article by Per Bylund. Politics is hardly an effective force for bringing about positive change in society. Instead, real change, and especially such that…
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…
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…
