Sam Clarke5 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…2 min read·May 5, 2023----
Sam ClarkeEconomic Development Impacts of Open and Closed Entrepreneurial Opportunities.Entrepreneurial opportunities can affect economic development differently, depending on whether they offer open or closed economic…1 min read·May 5, 2023----
Sam ClarkeWhy Entrepreneurial Opportunities Exist: Part 2 Theory in ExamplesExample 1: Ride-sharing apps like Uber and Lyft3 min read·Apr 27, 2023----
Sam ClarkeWhy Entrepreneurial Opportunities Exist: Part 1 TheoryJoseph Schumpeter and Israel Kirzner are two influential economists who have provided different explanations for why entrepreneurial…2 min read·Apr 27, 2023----
Sam ClarkeExploring the Relationship between Competitive Advantage and Innovation in StartupsCompetitive advantages and innovation are related concepts, but they are distinct from one another.1 min read·Apr 21, 2023----
Sam ClarkeCompetitive Advantages in Entrepreneurial OpportunitiesThe Entrepreneurial Opportunity Framework offers an entrepreneur the chance to create value by leveraging the interplay of three key…1 min read·Apr 21, 2023----
Sam ClarkeDoor Stop OpportunityThere is a common example used to illustrate the importance of market research before launching a product or service. The story goes that…1 min read·Apr 17, 2023----
Sam ClarkeWhat 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…1 min read·Apr 17, 2023----
Sam ClarkeWhy 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…1 min read·Apr 17, 2023----
Sam ClarkeTwo 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…3 min read·Oct 13, 2020----