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.