Tag
Profit
Entries tagged profit.
2 entries
Concept
Entrepreneurial Alertness
Entrepreneurship is not managing resources or bearing risk but being alert to profit opportunities that everyone else has failed to notice.
8 min
ConceptKnightian Uncertainty
The line between risk, which has a knowable probability distribution and can be insured against, and true uncertainty, which is unique and unmeasurable, and which is the source of genuine entrepreneurial profit.
9 min