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.
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.
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.