Seven Business Secrets Of Austrian Economics.
Austrian economics provides many layers of principles and insights for businesses, enabling them to thrive in a fast-changing environment.
Hi, Hunter Hastings here - I'm an economist by education, a marketer in my professional track, a venture capitalist in my current business life, an Individualist in philosophy, and a passionate supporter of entrepreneurship in whatever form I can practice it, support it and advance it.
Austrian economics provides many layers of principles and insights for businesses, enabling them to thrive in a fast-changing environment.
The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems and challenges that face a business every day.
The path forward to a new, high-productivity future in the digital age is more likely to be paved by micro-startups than tech giants.
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong.
Creativity, therefore, is protest. It criticizes, not by pointing out the weakness and error of the status quo, but by imagining the future where the status quo is replaced. Imagination is the superpower of creativity.
Organizational structure is often a barrier to flow. Bart Vanderhaegen tells Economics For Business how to transcend the barrier.