Firms Thrive When They Ditch Strategic Planning And Adopt Exploration And Discovery.

Strategic planning is taught in business schools as a data-rich, analysis-based, resource-allocating top down mechanism for business efficiency. Austrian economics prescribes the opposite approach.

E4B Podcast Cover for Episode #127 Featuring Matt McCaffrey

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 entrepreneurial firms to put in place the methods and organization that unleash the power of emergence. Matt McCaffrey joins Economics For Business for a detailed exposition of the Austrian approach to Business Strategy.