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10. Ed Pletner Applies Alertness, Discovery, and Capabilities-Based Strategy to Start, Manage, and Grow His Firm

April 23, 2019 /0 Comments/in /by

Ed Pletner talks with Hunter Hastings about applying these economic concepts to start, grow, and manage a thriving and highly differentiated business. Show Notes Entrepreneurial theory in Austrian Economics employs several terms to describe the entrepreneurial process and the exercise of entrepreneurial skills.  Alertness refers to the ability of some entrepreneurs to identify, and quickly gain profit from, marketplace opportunities […]

Alertness, Discovery, and Capabilities-Based Strategy

April 23, 2019 /0 Comments/in /by

Entrepreneurial theory in Austrian Economics employs several terms to describe the entrepreneurial process and the exercise of entrepreneurial skills. Alertness refers to the ability of some entrepreneurs to identify, and quickly gain profit from, marketplace opportunities to buy from one resource and sell to another in a way that benefits both and allows for a profit. Discovery refers to the process […]

9. Peter Klein on Entrepreneurial Decision Making

April 16, 2019 /0 Comments/in /by

Decision-making can feel particularly challenging for entrepreneurs. Entrepreneurs face the unpredictability of the future with a limited set of resources, limited information, very little history of what works and what doesn’t, and few, if any, people to help. There’s no corporate research department and not much big data. Decision-making can be daunting. How can economics help? Today we discussed this topic with Peter Klein.

Entrepreneurial Uncertainty Identifier

April 16, 2019 /0 Comments/in /by

Decision-making can feel particularly challenging for entrepreneurs. Entrepreneurs face the unpredictability of the future with a limited set of resources, limited information, very little history of what works and what doesn’t, and few, if any, people to help. There’s no corporate research department and not much big data. Decision-making can be daunting. How can economics […]

Entrepreneurs Change The World For The Better By Thinking Exclusively About How To Offer New Value To Consumers.

April 9, 2019 /0 Comments/in /by

Original Article by Per Bylund. Politics is hardly an effective force for bringing about positive change in society. Instead, real change, and especially such that changes people’s lives for the better, comes from elsewhere. It comes from business, and specifically from innovators, entrepreneurs, and pioneers in the market. And very often it does so despite […]