When firms apply the principles of Austrian economics to business management, we call the result the Adaptive Entrepreneurial Method. It’s adaptive in that it is a continuous learning process, and it’s entrepreneurial in elevating customer value realization as the most important business purpose. Show notes: https://mises.org/library/mark-mcgrath-orientation-and-adaptive-entrepreneurial-method The “Adaptive Entrepreneurial Method” Graphic (PDF): https://Mises.org/E4B_192_PDF1 “Destruction and…