Joseph Schumpeter was famously pessimistic about the future prospects of capitalism. He couldn’t have anticipated the internet, open source software, IoT, and downloadable business models.
There’s a middle class of businesses that are the backbone of the economy. Professor Saras Sarasvathy coined that term, and we’re pleased to adopt it. These businesses sit between the big corporations of the major stock indexes and the VC-funded gazelles and unicorns of Silicon Valley and Silicon Hills. The watchwords for these backbone businesses […]
Value is a cyclical process. Innovative business model designs reflect the cycle, bringing new value to every stage for all participants and partners.
Bill Sanders, an expert in contract negotiation in business, applies Austrian Principles in dealmaking and business relationship management.
It’s very hard to think of running a business without a strategy or a plan. But in fact, business managers should free their minds of these restrictions on action, and instead focus on exploration and expansion of a portfolio of experiments.
Mark Schaefer is an expert at bringing economic theories of this kind into vibrant contemporary life. He coined the term Cumulative Advantage and wants all entrepreneurs to know how to harness it.