EPISODE · Oct 2, 2024 · 13 MIN
Entrepreneurial entropy: What can entrepreneurs, innovators, and managers learn from physics
from Professor Mat Hughes · host Professor Mat Hughes Podcast
Despite the best intentions and even ideas, what entrepreneurs, innovators, and managers hope for when pursuing entrepreneurial or innovation strategies does not always materialize. At this point, we can start to understand entrepreneurship as entopic and its consequences for the firm. Too much entrepreneurship focused on innovation that is too explorative risks exhausting resources and rendering the firm into a state of disorder. This is entrepreneurial entropy, and it serves as a cautionary note about why it is so important to manage entrepreneurship.
Embed this episode
Ready to play
Entrepreneurial entropy: What can entrepreneurs, innovators, and managers learn from physics
No transcript for this episode yet
Similar Episodes
No similar episodes found.