Entrepreneurial Strategy, Tools, and Philosophy Rooted in Austrian Economics
There are many calls to recognize that we are in a new age of business. It’s variously been called the age of agile, the digital age, and the fourth industrial revolution - and there are no doubt a …
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There are many conversations going on about the purpose of firms. Should it be the single-minded pursuit of shareholder value, as Milton Friedman is adjudged to have advised? Is it to create value for …
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There's a brand of economics that goes by the name, in academic circles, of Austrian economics. If I was the brand manager, I would re-brand it, in much the same way that Chrysler (now part of …
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Anyone can create value with anyone else from anywhere: value is freely created. That’s the new feature of the emerging digital age of business. Digital technologies have been around for a while, but …
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Where does creativity come from? Ex nihilo - from nothing. Neurons in your brain somehow reassemble themselves into a new pattern, following a new path to a different arrangement. You recognize the …
In a book titled "Who Do You Want Your Customers To Become?", Michael Schrage identifies customers as a firm's human capital. The purpose of a firm, in his construct, is to design future customers: to …
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