The Age Of Strategy Is Over. The Replacement Is Explore And Expand
The concept of strategy came to business from the military. It has always been an inappropriate metaphor and, today, it’s a dangerous fallacy based on erroneous premises.
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113. Jacqui Boland’s Entrepreneurial Journey on a Red Tricycle
This week on the Economics For Business Podcast we were gifted the opportunity of reviewing and assessing a completed entrepreneurial journey, courtesy of Jacqui Boland, founder, CEO and now alumna of Red Tricycle, following the acquisition of the company by the corporate owner of tinybeans, a family photo sharing and journaling app.
The Division Of Economics Into Macro And Micro Is Incoherent. Individual Action And Interaction Are The Two Levels On Which To Focus.
Macroeconomics is a phony construct designed to provide a vehicle to justify government intervention via economic policies. Individual action and interaction with others are the relevant levels of analysis.
Re-thinking The Role Of The Consumer In The Business System: Making Six Strong Connections.
When businesses embrace the concept of subjective value, they redefine the role of the consumer or customer in their business model and strengthen six important connections.
112 Peter Klein: When Policy-Makers Discover The Benefits of Entrepreneurship, They Can’t Resist Intervening
A recent special issue of the Strategic Entrepreneurship Journal, a top journal for which our friend Peter Klein sits on the editorial board, examined the impact of policy on entrepreneurship itself and on the institutional and social challenges of these policy interventions.
111: Shawn Needham: How Consumers and Entrepreneurs Co-navigate Value Uncertainty in Healthcare
The market for healthcare provides us with a pertinent example of co-navigation of radical value uncertainty. For consumers, there is no certainty available — they can’t know which doctors or providers will give them the best experience, they don’t know the right means to choose to attain their end (health), and they can’t use the usual market price signals in the search for value since the price of healthcare is not visible to them. They don’t purchase the product, they purchase insurance, a different financial product than the healthcare experience they really need.