Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said (see https://Mises.org/E4B_126) about Austrian economics in relation to business: It just works.
In episode #127 (https://Mises.org/E4B_127), Matt McCaffrey outlined the Austrian strategy process of Explore and Expand, and its logic development. This week, he helps us dig deeper to identify the principles of Austrian economics that underpin our distinctive approach to business strategy.
Show notes: https://mises.org/library/matt-mccaffrey-austrian-business-strategy-part-2-principles
"Austrian Entrepreneurial Principles" (PDF): https://Mises.org/E4B_128_PDF
Austrian Perspectives on Entrepreneurship, Strategy, and Organization by Nicolai J. Foss, Peter G. Klein, and Matthew McCaffrey: https://Mises.org/E4B_127_Book