The Economics for Business Podcast
A podcast based on the winning principle that entrepreneurs need only know the laws of economics plus the minds of customers. After that, apply your imagination.
127. Matt McCaffrey: Austrian Business Strategy (Part 1): Emergent, Not Planned
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Strategy is not the formulation of a plan. It is emergent from a process of exploration and discovery. Austrian economics is the best guide for entrepreneurial firms to put in place the methods and organization that unleash the power of emergence. Matt McCaffrey joins Economics For Business for a detailed exposition of the Austrian approach to Business Strategy.
126. Joe Matarese Defines a Whole New Level of Customer Value to Build a High Growth Service Firm
Firms that can unlock the deep secrets of subjective value can unleash powerful, long-lasting value streams. When these flow in a confluence with well-identified market drivers, revenue and profit growth can be greatly accelerated.
125. Steven Phelan on Innovation In Contracting
Entrepreneurs seek to provide markets with new value through innovation wherever they can identify an opportunity. Their vision is broad enough to include free market institutions such as contracting, where they identify new and better ways to expand the mutuality of value and better relationship models than those in the traditional legal approach.
124. Irene Ng: Designing New Consumer Experiences in the Era of IoT
Value is not derived from functional use, but is the good feeling the consumer experiences during consumption. Consistent with the Austrian understanding of the market as a process, value is a process.
123. Sergio Alberich on Capital Structure and Capital Flexibility
The proper selection of a firm’s financial source does not guarantee its success, but the wrong one assures its failure.
122. Andrew Frazier on Running Your Business
There’s a middle class of businesses that are the backbone…
121. Bill Sanders: How Creative Conflict Expands the Value Pie
Bill Sanders, an expert in contract negotiation in business, applies Austrian Principles in dealmaking and business relationship management.
120. Mark Schaefer on Cumulative Advantage
Mark Schaefer is an expert at bringing economic theories of this kind into vibrant contemporary life. He coined the term Cumulative Advantage and wants all entrepreneurs to know how to harness it.
119. Peter Klein on Cronyism, Capitalism, and the Entrepreneurial Pathway
We often hear that capitalism is under fire: in contemporary politics, in journalism, in popular discourse, and even in some business schools and among some management scholars and their students. But the criticism, upon examination, is not about capitalism but cronyism.
118. Per Bylund on the Importance of Good Theory for Good Business
Only when you have mastered theory can you master the navigation of specific situations, and be confident in your good decision-making and judgment.
117. Jim Spohrer on The Entrepreneurial Future In A World With Cognitive Assistants.
Where will the combination of service science and artificial intelligence take entrepreneurship in the near future?
116. Alan Payne on a Fascinating History of Competing Business Models
We can gain useful insights by winding business models back in time to see how they emerged and evolved. In the case of competing business models, we can analyze the different outcomes and perhaps assign some cause and effect analysis to interpret why one model variant performed better than another. How do we do that? Through the technique of entrepreneurial business history.