Entrepreneurial Strategy, Tools, and Philosophy Rooted in Austrian Economics
What is strategy, and is it useful for business? Business schools want you think it is the critical factor in competitive success or failure. They teach structured markets, divided up by market share, …
Continue Reading about 207. Erik Schön: The Art Of Strategy →
Entrepreneurship is by no means exclusively American. But this country has led the way in unleashing, encouraging and elevating entrepreneurship as the creative and virtuous pathway to the creation of …
The Wall Street Journal (June 26, 2023) reported on its front page that "small companies have been responsible for all of the net job growth in the US since the onset of the Covid-19 pandemic and …
One of the most helpful insights of Austrian economics for business is the understanding of uncertainty. To complete a sale to a customer is to take that customer on a journey from high uncertainty to …
In economics, production and marketing are not separate concepts. Production responds to customers’ needs and marketing is the expression of those needs inside the firm. The entire customer-facing …
Many people today are skeptical about capitalism. Suspicious of it. In some cases, downright hostile. These people believe - or have been led by others to believe - that capitalism is bad for society …
