In this extensive session with Rita McGrath emphasises the importance of continuous innovation, exploiting new opportunities, and building new competencies to stay competitive.
In part 2 of The Entrepreneurial Mindset, Rita McGrath, discusses the concept of the entrepreneurial mindset and the power of consumption chain analysis for businesses seeking to differentiate and innovate.
Rita illustrates how understanding each step of a customer’s journey, from need identification to product disposal, can unveil numerous opportunities for innovation and competitive advantage.
A conversation with Rita McGrath, author of ‘The Entrepreneurial Mindset,’ exploring principles for thriving in rapidly changing environments. McGrath shares her personal journey from industry to academia, emphasising the importance of understanding practical business applications.
Incremental innovation remains a critical component for organisations. However, when an organisation only rewards incremental endeavours (recognition, remuneration and promotion), why would anybody want to risk their career with transformational effort? Give the customer a 12-blade razor, a chai-latte-flavoured soda or a 6G Origami phone. By all means, be a fast-moving caterpillar-cake copycat, but invest some of the profits from the incremental present into the transformational future. Don’t use the future to fuel your present.
Discovery-Driven Planning with Rita Gunther McGrath The Clayton Christensen Tribute
The work of Clayton Christensen changed my worldview and, ultimately, my life. I have been lining up all his co-authors to celebrate his life and share his theories. We have been interviewing each of these great thinkers over the last few months and into 2023. We will bring you each of those episodes in chronological order of his book releases. It includes Matt Christensen, Clay’s son and CEO of Rose Park Advisors, Rita McGrath, Joseph L. Bower, Michael Raynor, Scott D. Anthony Hal Gregerson, Taddy Hall Bob Moesta, Michael B. Horn Efosa Ojomo and Karen Dillon.
Coming Jan 23, 2023
This week’s #thursdaythought is about letting go of assets before they have run their course. It is inspired by the latest episode of The Innovation Show with the author of “Quit” by Annie Duke. Serendipitously it is also influenced by Rita McGrath, who joined us in person this week in Dublin.
The word coach comes from stagecoach. A stagecoach is a four-wheeled public coach used to carry paying passengers and light packages on journeys from point A to point B. Most of us will know these from western movies or old TV shows like “Little House on the Prairie”. The concept of a stagecoach is a wonderful analogy for leadership.
In this episode, strategy expert and Columbia Business School professor Rita McGrath takes on one of most fundamental and recognised notions in strategy: that of sustainable competitive advantage.