Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation.
https://hunterhastings.com/wp-content/uploads/2022/09/e4b-cover-187.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-09-13 05:30:002022-09-21 05:35:33187. Per Bylund: The Austrian School Approach to Business versus the Business School Approach
How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don’t yet exist — entrepreneurial action is required to create them.
https://hunterhastings.com/wp-content/uploads/2022/09/e4b-cover-186.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-09-06 05:27:002022-09-21 05:35:33186. Jared Wall: How a Courageous Entrepreneur Enters a Formative Market
Every business should have an exit plan in mind from Day 1. Why? Because it’s impossible to control the timing of an exit or the changes in circumstances that might precipitate it.
https://hunterhastings.com/wp-content/uploads/2022/09/e4b-cover-185.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-08-30 05:27:272022-09-21 05:35:33185. Jessica Fialkovich On The Business Of Selling Businesses
make decisions? Data certainly don’t make decisions, nor do analytics, nor do the computers they run on. Human begins make decisions — the human factor is crucial.
https://hunterhastings.com/wp-content/uploads/2022/08/e4b-cover-183.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-08-16 09:00:002022-08-18 09:03:38183. Ahmed Elsamadisi: The Stories Data Can Tell Us If We Ask The Right Questions
It’s often the case that lead users — the most sophisticated, committed, and energetic users — are an excellent source of innovation ideas.
https://hunterhastings.com/wp-content/uploads/2022/08/e4b-cover-182.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-08-09 08:00:002022-08-18 09:00:47182. Gordon Miller: What’s Your Absorptive Capacity for User-Generated Innovation?
The traditional approaches to the structure and management of firms are becoming barriers to customer value
https://hunterhastings.com/wp-content/uploads/2022/08/e4b-cover-181.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-08-02 08:00:002022-08-18 08:57:53181. Brian Rivera on the Flow System
Entrepreneurship today is a movement, a welling-up of new economic creativity, combined with a great desire for economic freedom and the joys of self-reliance and discovery.
https://hunterhastings.com/wp-content/uploads/2022/08/e4b-cover-180.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-07-26 08:00:002022-08-18 08:54:59180. Raushan Gross On the Newly Emerging And Newly Enabling Institutions Of Entrepreneurship
How do entrepreneurs and executives apply that theory to create customers, delight them, and grow strong brands and businesses?
https://hunterhastings.com/wp-content/uploads/2022/07/e4b-cover-178.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-07-19 08:57:002022-07-22 06:57:48179. Mark Packard On Entrepreneurial Valuation, Part 2: How Entrepreneurs Create Value
Getting into the minds of customers is the universal need of everyone in business. A new book by Mark Packard, Entrepreneurial Valuation, provides a new understanding of how customers identify value in the constant, never-ending flow of the value learning cycle.
https://hunterhastings.com/wp-content/uploads/2022/07/e4b-cover-178.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-07-12 08:33:002022-07-13 08:36:29178. Mark Packard On Entrepreneurial Valuation, Part 1: Value Learning
The business-as-a-flow orientation embraces continuous adaptive change within the firm. Traditional slow-motion control mechanisms like strategy and planning are no longer appropriate. The new toolkit that entrepreneurs are developing includes the after action review (AAR), a learning tool rather than a misguided attempt at predictive control.
https://hunterhastings.com/wp-content/uploads/2022/07/e4b-cover-177.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-07-05 06:43:002022-07-06 07:06:33177. Mark McGrath On After-Action Reviews
At the core of the entrepreneurial orientation that is the engine of vibrant, growing, value-creating, customer-first businesses, we find the principles of subjectivism and subjective value.
https://hunterhastings.com/wp-content/uploads/2022/06/e4b-cover-176.jpg5321250Hunter Hastingshttps://hunterhastings.com/wp-content/uploads/2021/03/hh-logo-blk.svgHunter Hastings2022-06-28 08:22:002022-06-29 04:26:09176. Peter Lewin and Steven Phelan: How Do Entrepreneurs Calculate Economic Value Added? Subjectively.