The 6 Principles For Managing Continuous Innovation.
Continuous change in the external environment requires continuous change in the firm’s business model and organization. Traditional management systems can’t cope.
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135. Mark Packard: How to Put Time on Your Side
Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we must produce now in order to discover it. Are there answers to this conundrum? Yes. They’re found in action, and the timing of action. Mark Packard joins the Economics For Business podcast to share his research.
The Fairest Society Is The One Which Most Energetically Promotes The Entrepreneurial Creativity Of All Its Members.
What is fairness? Economically, it’s the freedom of each individual to exercise their innate entrepreneurial ability to spot opportunities and create new ideas and solutions.
134. Per Bylund: The Unrealized
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that basis. Sound economics supports such action. Per Bylund takes us through his thinking about The Unrealized.
Economics In The Digital Age Is Different.
Steve Denning explains how mainstream economics doesn’t understand technological change. Austrian economics, on the other hand, has always explained and embraced technology’s dynamics.
133. Ulrich Möller: The Video Game Industry Points to the Future of Organization Design
Austrian economics has a lot to say about how to organize firms for maximum value generation. Austrian principles point to the delegation of entrepreneurial judgement to the front-line employees who interact directly with those who actually create value: users.