10 Better Business Perspectives From Austrian Economics
The purpose of business – to create value for customers – has been distorted and diverted by financialization. Austrian economics is the restorative.
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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 principles of subjectivism and subjective value.
What Level Of Return Are You Providing To Your Customers On Their Emotional Investment?
Businesses aim to develop a positive feeling in their customers, the expectation of an enjoyable and satisfying experience. That’s a big emotional investment on their part. The return on that investment must be high.
175. Curt Carlson: Value Creation as a Life Skill
Curt Carlson has devoted his life to value creation and innovation — VC&I as he sometimes characterizes it. He has been CEO of SRI, a “pure innovation” company where the business model was to create important new innovations that positively impacted the lives of many people. He talks to Economics For Business about value creation and innovation as a life skill.
Climbing The Value Ladder.
Value lies behind every economic exchange. There’s always a value ladder to climb, and there are always higher values you can incorporate in your value proposition.
174. Sterling Hawkins: Discomfort Is Your Most Valuable Feedback Loop
Negative feedback loops give us the opportunity to improve our service delivery capacity, and the value proposition behind it. Sterling Hawkins has identified the ultimate feedback loop for personal performance. He calls it discomfort.