What Is This Wonderful Institution We Call Entrepreneurship? It’s A Force For Social Good.
Entrepreneurship is the greatest force for social good. We should be teaching it at every grade in every school.
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129. Samuele Murtinu on How and Why Governments Fail in Venture Capital
Dr. Samuele Murtinu joins the Economics For Business podcast to explain both how and why governments fail in their best efforts to help entrepreneurial businesses succeed.
These Are The Keywords Of Austrian Economics.
The keywords for Austrian economics include opportunity, excitement, optimism, creativity and high-performance business.
128. Matt McCaffrey: Austrian Business Strategy (Part 2): Principles
Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said about Austrian economics in relation to business: It just works. In episode #127, Matt McCaffrey outlined the Austrian strategy process of Explore and Expand, and its […]
127. Matt McCaffrey: Austrian Business Strategy (Part 1): Emergent, Not Planned
Strategy is not the formulation of a plan. It is emergent from a process of exploration and discovery. Austrian economics is the best guide for entrepreneurial firms to put in place the methods and organization that unleash the power of emergence. Matt McCaffrey joins Economics For Business for a detailed exposition of the Austrian approach to Business Strategy.
Firms Thrive When They Ditch Strategic Planning And Adopt Exploration And Discovery.
Strategic planning is taught in business schools as a data-rich, analysis-based, resource-allocating top down mechanism for business efficiency. Austrian economics prescribes the opposite approach.