5 Ways Economic Development Professionals Can Help Their Economy Transition Towards an Open Economy…The role of economic development professionals in shaping local economies cannot be overstated. A crucial aspect of their job is attracting…May 5, 2023May 5, 2023
Economic Development Impacts of Open and Closed Entrepreneurial Opportunities.Entrepreneurial opportunities can affect economic development differently, depending on whether they offer open or closed economic…May 5, 2023May 5, 2023
Why Entrepreneurial Opportunities Exist: Part 2 Theory in ExamplesExample 1: Ride-sharing apps like Uber and LyftApr 27, 2023Apr 27, 2023
Why Entrepreneurial Opportunities Exist: Part 1 TheoryJoseph Schumpeter and Israel Kirzner are two influential economists who have provided different explanations for why entrepreneurial…Apr 27, 2023Apr 27, 2023
Exploring the Relationship between Competitive Advantage and Innovation in StartupsCompetitive advantages and innovation are related concepts, but they are distinct from one another.Apr 21, 2023Apr 21, 2023
Competitive Advantages in Entrepreneurial OpportunitiesThe Entrepreneurial Opportunity Framework offers an entrepreneur the chance to create value by leveraging the interplay of three key…Apr 21, 2023Apr 21, 2023
Door Stop OpportunityThere is a common example used to illustrate the importance of market research before launching a product or service. The story goes that…Apr 17, 2023Apr 17, 2023
What is Customer Surplus?Customer surplus is the difference between the maximum amount that a customer is willing to pay for a product or service and the actual…Apr 17, 2023Apr 17, 2023
Why Price Is Not a Value PropositionPrice is not typically considered a value proposition because the value proposition encompasses a broader range of factors that provide…Apr 17, 2023Apr 17, 2023
Two Reasons Why “Business” Travel Will Explode Post Pandemic.When the pandemic hit and businesses shifted to remote work, I made the assessment that business travel would likely not return to levels…Oct 13, 2020Oct 13, 2020
