In the latest Harvard Business Review, I made the argument that failures can be useful in that they teach us where our assumptions are wrong, expose dead ends, and generally can give us something of an education. In highly uncertain environments, failures are both useful and unavoidable. It was interesting, therefore, to run across an…
I thought this extremely thought provoking blog post by fellow Harvard Blogger Tony Golsby-Smith was a great reminder that although analytical tools and frameworks can help solve certain kinds of problems, they are hopeless facing other situations. Among the advantages humanities training offers that Golsby-Smith points out are: The ability to deal with ambiguity and see richer…
In a post at Variety.com entitled Fear of failure stifles biz innovation, Rita McGrath is quoted: “Executives hide mistakes or pretend the mistakes were always part of the master plan,” writes Rita Gunther McGrath. “Failures become un-discussable.”
Scott Anthony’s post at Bloomberg.com on prioritizing mentions Rita McGrath: “I generally subscribe to the teaching of Rita McGrath: imagine success, and then ask what would need to be true for success to happen. For the most critical assumptions, develop hypotheses and run experiments.” For the entire post, click here.
Apple has certainly inspired a lot of imitators. Among them a series of ads in the "I'm a Mac / You're a PC" vein basically insulting AT&T's network coverage. Oops. And worst of all, they can't even pull the ads – once its out there on the Net it never goes away. Hey, was that Verizon smirking in the background…?
On March 4, 2011, Rita McGrath was a guest speaker at the IMI’s BMC Symposium. Here is a link to photos of the event.
During her recent engagement in Abu Dhabi as a guest of Waha Capital, Rita McGrath was interviewed by on a Business Breakfast show. To listen to the interview, click here.
GrowthFactor.pdf“Business flops result from three big mistakes that companies make repeatedly, says Rita Gunther McGrath, associate professor at Columbia University Graduate School of Business. They accept untested assumptions about their new ventures as facts, they don’t validate those assumptions against changing business data, and they don’t adapt their plans in light of feedback from the…
Rita McGrath’s Harvard Business Review post about Progressive Insurance’s innovative idea for charging each driver a fair premium is ready for prime time was re-posted by Bloomberg BusinessWeek here.
Rita McGrath’s contribution to Long Range Planning is mentioned in this OrganizationsandMarkets.com post.