Venture Mode: How Businesses Can Escape the Administration Trap, with Mark Packard

About this episode

Mark Packard discusses the pitfalls of running a business in administration mode and how to escape it.

The most damaging error for a business is to run in administration mode. It’s the worst way to run a business. Yet it’s given the highest accolade: the greatest credential you can get is an MBA, a master’s in business ADMINISTRATION. Administration mode is parroted in every business book, business periodical, and online business education. Administration is a trap baited with best practices, process lock-in, inflexible resource allocation, risk aversion, and impossibilities like strateg...

People in this episode

Host: Hunter Hastings

Guest: Mark Packard

Topics covered

• business administration
• entrepreneurship
• administration mode
• business strategy
• risk aversion

Keywords

• administration mode
• business management
• entrepreneurship
• best practices
• risk aversion

Mentioned in this episode

Organizations: MBA

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