Economics Questions

Re: "Planning is the kiss of death of entrepreneurship"

eliotn — Tue, 05 Mar 2013 03:58:54 GMT

DanielMuff:

eliotn:
Its not that he stopped planning, but would form plans by actually getting to know people and investigating where they needed help, rather than coming in with a prepackaged plan that may not be workable.
Yes, that is what he said. And it is one reason why business school is a "kiss of death". B-school students study successful companies and then go out and attempt to recreate these business, but eventual fail. They say, "a-ha! so this is how a successfull company is", and then conclude, "this is how it must be." But they pay very little attention to what the market actually wants.

Thats a great insight.

Re: "Planning is the kiss of death of entrepreneurship"

DanielMuff — Tue, 05 Mar 2013 03:16:31 GMT

eliotn:
Its not that he stopped planning, but would form plans by actually getting to know people and investigating where they needed help, rather than coming in with a prepackaged plan that may not be workable.

Yes, that is what he said. And it is one reason why business school is a "kiss of death". B-school students study successful companies and then go out and attempt to recreate these business, but eventual fail. They say, "a-ha! so this is how a successfull company is", and then conclude, "this is how it must be." But they pay very little attention to what the market actually wants.

Re: "Planning is the kiss of death of entrepreneurship"

eliotn — Mon, 04 Mar 2013 18:44:47 GMT

Take a look at the video. I think the statement "Planning is the kiss of death of entreprenuership" is not true as written. Rather the mistake is planning without sufficient knowledge. Instead of not planning, the presenter talks about how a change of strategy helped. Its not that he stopped planning, but would form plans by actually getting to know people and investigating where they needed help, rather than coming in with a prepackaged plan that may not be workable.

Re: "Planning is the kiss of death of entrepreneurship"

FlyingAxe — Mon, 04 Mar 2013 17:15:04 GMT

Did you guys watch the video? He is describing the misesian calculation problem, which can be encountered by philantropists trying to help entrepreneurs as well.

Re: "Planning is the kiss of death of entrepreneurship"

vive la insurrection — Mon, 04 Mar 2013 17:05:25 GMT

I'm just saying a plan is epistemologicaly necessary for AE to work (there is a logic of sucess, etc.). What kind of planning, etc was beyond the scope of anything I was trying to convey. Things don't just "manifest" and get naively, mechanically utilized.

Either way, as I stated - I did not watch the video, so I don't want to distract from anything the OP wishes to discuss

Re: "Planning is the kiss of death of entrepreneurship"

Andris Birkmanis — Mon, 04 Mar 2013 12:00:39 GMT

I agree that having a plan is a must.

One could argue that coming up with a detailed and rigid plan upfront, and then failing to adapt it is the kiss of death, but having absolutely no plan (however high-level) means having no idea, no clue - this is equally bad.

Re: "Planning is the kiss of death of entrepreneurship"

vive la insurrection — Mon, 04 Mar 2013 07:06:15 GMT

yes the concept of time, conscience, etc are necessary for an AE framework - but so is a plan (an entrepreneur needs one) ..unless you are talking about central planning or something along those lines?

My computer is not able to play youtube right now for some reason, so i couldn't watch the video.

Re: "Planning is the kiss of death of entrepreneurship"

FlyingAxe — Mon, 04 Mar 2013 01:15:23 GMT

The talk was not about property rights. There cannot be entrepreneurs without space, time, consciousness, laws of physics, and the dichotomy of good and evil either.

Re: "Planning is the kiss of death of entrepreneurship"

Bogart — Sun, 03 Mar 2013 21:53:36 GMT

I would like to wander around Western Australia looking to help folks. I wonder who paid for the plane tickets, salary, living expenses, health expenses of the dude, that wasn't mentioned. And this is really not the point.

The point is that the dude did not in the first 11 minutes, I got tired of the video after that, even mention private property rights. How can there be any entrepreneurs without private property?

"Planning is the kiss of death of entrepreneurship"

FlyingAxe — Fri, 01 Mar 2013 17:51:34 GMT

I think you guys will enjoy this video. I think it has a very strong Austrian message.

http://youtu.be/chXsLtHqfdM