Economist Joseph Schumpeter famously asked, “Can capitalism survive?” His next sentence: “No, I do not think it can.” This was back in 1942, and socialism was in the ascendancy. It feels …
122. Andrew Frazier on Running Your Business
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 …
Continue Reading about 122. Andrew Frazier on Running Your Business →
Value Mapping: New Thinking About Business Model Innovation.
Only recently have business thinkers come to identify business models as a locus of innovation. In past eras, a business model was synonymous with monetization: how businesses generated revenue from …
Continue Reading about Value Mapping: New Thinking About Business Model Innovation. →
121. Bill Sanders: How Creative Conflict Expands the Value Pie
Value facilitation is a creative act of imagination, design, assembly, communication, and agile responsiveness. Our Economics For Business model applies these actions in the pursuit of new economic …
Continue Reading about 121. Bill Sanders: How Creative Conflict Expands the Value Pie →
Now Is A Good Time To Discard The Concepts Of Strategy, Planning And Strategic Planning.
Business schools have been peddling strategic planning for 60 years or more. (Harvard Business School was founded in 1908, so the concept may even go back to that time.) A good deal of the conceptual …
120. Mark Schaefer on Cumulative Advantage
Economists recognize the phenomenon of increasing returns. Knowledge markets such as those for software, operating systems and platforms, tend to tilt in favor of a product or service or brand that …
Continue Reading about 120. Mark Schaefer on Cumulative Advantage →