Are you concerned about the evil of hate in the world? It comes from politics and, in the US specifically, the 2-party system. There’s an alternative: entrepreneurship instead of politics. Entrepreneurship is love, not hate.
Entrepreneurs solve problems for customers. There are few problems bigger than the horribly perverse medical care system under which patients suffer in the US. The system has evolved over time, with the stimulus of bad decisions, bad actors, and bad incentives. Entrepreneurship can solve the system problem with specific actions at the component level, each of which are practical and do-able, and can interact to create a new outcome at the system level.
Entrepreneurs are developing a new world of innovative business models far from regulated markets, crony capitalism, and corporate control. It’s a new world of cyber security, free software, value-for-value exchange, integrated with bitcoin. Max Hillebrand operates in this new world, and he shares both his vision and his expertise on the Economics For Business podcast. Key Takeaways and […]
Continuous change in the external environment requires continuous change in the firm’s business model and organization. Traditional management systems can’t cope.
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.
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.