Government Economics Versus People Economics
Economics is the beautiful science of prosperity, based on human liberty and creativity. It ‘s a perversion of economics to make it about policy, legislation and aggregate statistics.
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178. Mark Packard On Entrepreneurial Valuation, Part 1: Value Learning
Getting into the minds of customers is the universal need of everyone in business. A new book by Mark Packard, Entrepreneurial Valuation, provides a new understanding of how customers identify value in the constant, never-ending flow of the value learning cycle.
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 planning are no longer appropriate. The new toolkit that entrepreneurs are developing includes the after action review (AAR), a learning tool rather than a misguided attempt at predictive control.
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.
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.